Elon Musk completes Twitter purchase, Meta is in trouble and it’s time to admit self-driving cars won’t happen
Hey, folks, welcome to another edition of TechCrunch Week in Review, the place where we tell you the hottest stories from the past seven days. I stand in front of the laptop to Greg Kumparak this week, but don’t worry, he’ll be back soon.
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most read (Elon edition, a little)
Elon did it: He bought Twitter. The $44 billion acquisition closed this week, and on day one the platform’s new owner “cleaned up,” Taylor and Amanda write, firing CEO Parag Agrawal, CFO Ned Segal and Head of Legal, Policy and Trust Affairs Vijaya Gadde. Buying capped months of ups and downs, and this week was no different. Darrell summarized some highlights.
The flip-flop of Elon’s dismissal: While Elon Musk immediately fired people at the top, earlier this week in a cancellation of his declaration of layoff Last weekhe said he would not lay off 75% of Twitter staff – or 5,600 people – writes Rebecca, citing a Bloomberg report.
Apple’s Elon problem: Darrell’s headline says it all, really: “Twitter’s Elon problem may soon become Apple’s Elon problem too.” The problem is that Apple updated its developer guidelines this week, one of which “seeks social media revenue rent around promoted posts.”
Stopping Argo AI: Autonomous vehicle startup Argo AI, which launched in 2017 with $1 billion, has shut down. Its parts, writes Kirsten Korosec, are “absorbed by its two main backers: Ford and VW.”
Speaking of autonomous vehicles: After the Argo AI news hit, Darrell took to the site to explore the fact that, no, self-driving vehicles just won’t happen.
The value of MrBeast: Amanda asks if MrBeast, or 24-year-old YouTuber Jimmy Donaldson, is worth the $1.5 billion he values his business at.
Meta is in trouble: This is the title. Meta released its third quarter results this week and they weren’t great. As Taylor writes, “With the Instagram part of the business not looking so hot lately, Meta has quintupled on the metaverse without considering whether it even knows what users want from all these And after changing the company’s name while ruining a perfectly fine word in the process, there’s no easy backtracking. Meta really was a perfectly fine word.
Google Pixel 7’s “dumb” flaw: Haje took a photo through an airplane window and noticed a reflection caused by the reflective chrome surrounding the phone’s camera lens. “This is a fairly common use case for most photography apps, which makes it all the more difficult to understand why Google has gone out of its way to make this experience worse.”
- On Equity this week, we share with you one of Natasha Mascarenhas’ Disrupt panels. She spoke with chief co-founders Lindsay Kaplan and Carolyn Childers about the future of their private club for women in leadership positions.
- This week on Found, Darrell and Jordan sat down with Shanthi Rajan of construction management software company Linarc to discuss breaking into a slow-moving industry, building a team of talent across the globe, and working with customers to create the most useful product possible.
- And on Chain Reaction, Anita and Jacquelyn discuss Apple’s new App Store guidelines, Reddit’s foray into the NFT space, and whether the new UK Prime Minister will live up to the hype. media he received from the crypto community.
5 Tips for Getting Started in a Crowded Web3 Game Market. Contributor Corey Wilton explains the steps that will set you apart when seeking capital.
Dismantling of the launch platform: Palau project. Haje usually goes on to destroy pre-selection rounds, but he went there this week with the Palau project, which was founded by professional kitesurfer Jerome Cloetens, which is tackling climate change.