Gas?! Where are we going, we don’t need gas

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Hello everybody! Welcome back to Week in Review, Newsletter where we recap some of the top stories that have crossed TechCrunch over the past 7 days. If you want it to be in your inbox every Saturday, sign up here.

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most read the story this week was about getting this: DeLorean. Like in a Back to the Future car. Yeah. The short version: The newly revived brand has released images of the Alpha 5, an electric car inspired by the DeLorean of yesteryear, with signature gull-wing doors. Details such as price/availability have yet to be revealed, but for the curious, the company says it can hit 60 km/h in 2.99 seconds – and possibly more importantzero to 88 in 4.35 seconds.

other things

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What else happened this week? Here are some of the things people read about the most:

WWDC rumbles: Apple’s annual Worldwide Developers Conference kicks off on Monday, June 6th, and rumors about what could be announced are already spreading fast. Brian Heater has a roundup what he expects to see at the eventand Sarah Perez took a deep dive into what is likely to change in iOS.

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Sheryl Sandberg is leaving Meta: After 14 years in this role, Sheryl Sandberg will no longer be the COO of the company formerly known as Facebook. Meta Development Director Javier Olivane will move to the role of Chief Operating Officer; Sandberg will remain on Meta’s board of directors.

Amazon kills the cloud cameraA: Back in 2017, Amazon released a small smart home camera called the Cloud Cam. It then bought two smart camera makers, Blink and Ring, almost immediately. Half a century later, Amazon is ditching Cloud Cam in favor of the latter two. Cloud cameras will stop working at the end of this year; existing Cloud Cam users will receive a free Blink Mini camera as a replacement along with a free year of the Blink Plus plan. If you’re using a cloud camera, be sure to back up your saved videos before they disappear in December.

Amazon Experiments With ‘Invite Orders’ to Fight SpeculatorsA: If you’re the average person who’s just trying to randomly buy something like a PlayStation 5 or Xbox Series X from Amazon, you’ve probably experienced the frustration of being beaten by billions of bots. Amazon announced this week that it will be placing “invite-based” orders for select, high-demand items; you “request an invitation” and then Amazon will check things like purchase history/account creation date to determine who gets paid first.

More layoffs: It was still another brutal week of tech layoffs – 8% carbon health; 14% loom; 10% Winklevoss twins cryptoplatform Gemini; 25% off social app in real life; 10% off TomTom and more.

And Tesla too: It was first revealed that Elon Musk would require “everyone at Tesla” to be in the office (and not remotely) for “a minimum of 40 hours” per week. Then came the news of a company-wide hiring freeze and plans to cut up to 10% of Tesla’s full-time employees.

audio materials

You love TechCrunch behind your eyes – how about TechCrunch for your ears? We have a bunch of super good podcasts, the latest being Matt Burns summarized here.

Example A: TechCrunch Live podcast, where Burnsey spoke this week with the CEO and lead investor of Olive, a Columbus, Ohio-based company that has changed 27 times and is now worth billions.

added material

We have a paid section of our website called TechCrunch+. It only costs a few dollars a month and is full of very good stuff! For example, from this week:

Venture capitalists on the state of crypto: Almost all major cryptocurrencies have been in a downward spiral for the last 6 months. How do investors feel about the space as a whole? Jacqueline Melinek contacted several venture capitalists to get their opinion.

How a Biden Administrator Can Boost Solar/Wind Projects“There’s an idea on the air (or at least on my air) that Nevada has enough sunny federal land to power the entire United States,” writes Tim De Chant. “So why don’t we have more solar and wind power on public lands?”

Even Stripe is not immune to the changing market: Fintech companies have been hit hard by the economic downturn; Alex Wilhelm looks at how and why “even the largest and most well-known private fintech companies suffer unfortunate overpricing.”

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