Google Suspends Hiring, Netflix Loses Nearly a Million Customers, Slack Raises Prices

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Hey friends! It’s that time again. Another week has passed, which means that the next issue Week in review is a newsletter in which we recap the top stories that have made the front page of TechCrunch over the past seven days. Sign here!

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The main story this week was about new set of documents detailing how (and how often) the Department of Homeland Security taps into third-party data brokers for potentially sensitive location information, “bypassing legal processes that government officials normally have to go through.” The privacy bill, aptly titled “The Fourth Amendment is not for saleA law is in the works that would require agencies to obtain warrants for this data, but this still in the early stages.

other things

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What else did people read on TechCrunch? Here are some of the most read posts this week:

Solar energy for your balcony: Do you have a sunlit balcony and want to switch to renewable energy? That’s the idea behind these vertical solar panels, designed to mount directly on the balcony railing. Mike Butcher contacted WeDoSolar, a team founded by a Ukrainian entrepreneur to “wean Europe off Russian gas” to hear their story.

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Google suspends hiring: Last week, Google announced that it was slowing down its recruitment pace in the second half of 2022. now the company says it will completely freeze hiring for the next few weeks “so teams can prioritize their roles and hiring plans for the rest of the year.”

Netflix is ​​losing customers: Good news? Netflix lost fewer customers this quarter than forecast. The bad news? The company still lost almost a million customers, the “biggest quarterly loss in the company’s history.”

OpenAI expands access to DALL-E 2: DALL-E 2, OpenAI’s tool for creating brand new (and often incredibly good, albeit wildly surreal) images from text cue, will be available to a million new users in the coming weeks. The company has also announced pricing for this (so far free) tool, and it basically runs “free if you just want to fiddle with it occasionally, but expect to have to pay if you use it often.”

Tesla dumps most of its bitcoin: Last year, Tesla announced a $1.5 billion Bitcoin acquisition. Since then, the price of bitcoin has fluctuated up and down (mostly down), and it seems that the company wants to at least partly get off this roller coaster; In its latest earnings call, Tesla said it sold 75% of its Bitcoin holdings.

Weak price increase: Inflation is on everything! Milk! Meat! and now… Slack? This week, the company announced its first price increase since launching in 2014, raising the price per user by around 60 to 75 cents per month (depending on whether you pay monthly or annually). They also change the way free plans work. a piece; if you’re part of any of the smaller/less active Slack communities using the free plan, be aware that messages won’t hang around that long.

audio material

Podcasts, podcasts, podcasts!

Want a quick overview of everything that’s been happening in the TC podcast world lately? Check out Matt weekly podcast review. Here is some of what was filmed:

  • On TechCrunch Live, Brian Heather talks with Ayanna Howard (dean of the Ohio State University College of Engineering) and Aya Bdeir (founder of littleBits) about the future of robotics and how to get more kids into the field.
  • In Chain Reaction, Lucas and Anita talk about layoffs at OpenSea, Binance seeking a foothold in the US when Coinbase stumbles, and founders’ latest project, Bored Apes.
  • On the TechCrunch podcast, Darrell Etherington was joined by TC climate writer Harry Weber to learn about the challenges Tesla is facing in trying to install 1,000 solar rooftops a week.

Ouch! And if you’re free on Tuesday, July 26 at noon PT and you’re interested in the everyday life of the startup economy, tune in to our “WTF is a 409A?” twitter space and find out why the decline in your company’s valuation may actually be good thing.

extra things

TechCrunch+. Are you not a member yet? Not? I know, I know – paywall is a bummer. But this paywall section of our site helps us keep the words flowing and, most importantly, allows us to delve into what our most avid readers tell us they want to see more of. Things like:

Explanation of the new Stripe score: Speaking of 409A and the low valuations, Alex Wilhelm details why Stripe lowered its internal valuation from around $95 billion to $74 billion.

Fundraising tips for 2022.: Kami Vision CEO Yamin Durrani has dozens and dozens of meetings with investors behind him, and he has ideas how to raise the round in the current conditions.

A look at Arkive’s $9.7 million seed deck: Working on your startup pitch and need some inspiration? In the latest issue of his popular Dismantling the Presentation Deck Haje takes a look at the deck that helped Arkive — described as “the world’s first decentralized physics museum” — close its $9.7 million seed round.

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