Hello again! Welcome to Week in Review, a newsletter where we quickly recap the top events that have surfaced on dot-com TechCrunch over the past seven days. Want to have this in your inbox? Get it here.
most read story This week is pretty wild: Bolt Mobility, the on-demand bike/scooter rental company co-founded by Usain Bolt, just… disappeared. “The departure was sudden,” writes Rebecca, “leaving cities with abandoned equipment, unanswered calls and emails, and lots of questions.”
Amazon buys iRobot: Bezos wants everything. All products! One medical! And now… Rumba? In this latest in a series of seemingly sudden and somewhat surprising acquisitions, Amazon is losing $1.7 billion to the company best known for its robot vacuum cleaners.
Facebook closes online shoppingA: If you’re using Facebook’s live shopping feature to sell things through a stream, it might be time to find a new platform. While live streaming won’t go away, special shopping-focused features won’t be available in October.
Starbucks moves to web3: I would roll my eyes, but considering how many people I know insist on buying a Starbucks mug in every major city they visit…
More Layoffs at Robinhood: Phew. Just a few months ago, Robinhood cut 9% of its staff; the company confirmed this week that it is forgoing another 23%. Referring to the over-hiring over the past few crazy years, CEO Vlad Tenev writes, “I have endorsed and taken responsibility for our ambitious talent trajectory – it’s on me.”
YC is getting smallerA: It was bound to happen eventually. Y Combinator got bigger and bigger with each accelerator class, peaking at an absurd 414 companies in the last installment. They’re downsizing a bit with the next cohort, but the 250 or so companies are still relatively large.
Podcasts! Get your podcasts!
This Week in TechCrunch Podcast World Impartiality the team talked about a smaller (but still quite large) YC cohort, Darrell and Becca talked about “Instagram is TikTok’s MySpace” on TK Podcastand Burnsey spoke to Convoy co-founder Dan Lewis about the trucking company’s “secret way to grow” in TechCrunch Live.
$2.5 million Glambook starter deck: Glambook recently raised millions to build what they call “Uber for the beauty industry.” How did they manage to convince investors to join them? In this latest installment of his Pitch Deck Teardown series, Hayzhe buzzes around the deck and helps explain why certain items made the list.
What Really Happens When Your Startup Gets Acquired?: Purchasing is more than waiting for a bag of cash to appear on your desk. Yair Snir, VP of Dell Technologies Capital, gives us an overview of the entire process, “from NDA to LOI.”
Dear Sophie: “How long do I have to stay at my current job after I get a green card?” This is a reasonable question! Immigration attorney Sophie Alcorn intervenes.
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