Hey, associates! Welcome again to Week in Review, the e-newsletter the place we recap the highest TechCrunch headlines from the previous seven days. Get it in your inbox each Saturday AM by signing up right here.
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most learn
Twitter had per week so unusual that it may simply make up this whole e-newsletter, so we’ll maintain to the bullet factors:
- Last week Elon laid off an enormous chunk of the corporate. This week, a few of those that have been let go have been reportedly requested to return again.
- Twitter began giving blue verified checkmarks to anybody who’d pay $8. Things bought chaotic quick.
- Twitter rolled out a brand new, second checkmark for “Official” accounts. And then removed them. And then…introduced them again?
- By Friday morning, after faux “verified” accounts popped up for every part from firms to athletes to politicians, Twitter paused the $8 verification badge program.
- A variety of execs stop — to the purpose the place the exits perked the ears of the FTC.
- Elon reportedly instructed Twitter workers that “bankruptcy isn’t out of the question” for the corporate.
FTX collapses: Once one of many greatest crypto exchanges on this planet, FTX successfully exploded this week. It briefly appeared like competitor Binance would step in to amass FTX, just for Binance to take one take a look at FTX’s books and again out nearly instantly. FTX founder Sam Bankman-Fried has since resigned, and the corporate has filed for chapter.
Meta layoffs: Meta — the mum or dad firm behind Facebook, Instagram, and Whatsapp — laid off 13% of its workforce this week. With a worldwide headcount of round 87,000 workers, that works out to over eleven thousand roles lower.
Gmail will not allow you to return to outdated Gmail: Don’t like the brand new look that Gmail began rolling out again in July? Bad information. While customers may beforehand revert to the outdated design, the Gmail group introduced this week that the brand new design would be the “standard experience” for all inside weeks.
Google finds exploits in Samsung telephones: “Google says it has evidence that a commercial surveillance vendor was exploiting three zero-day security vulnerabilities found in newer Samsung smartphones,” writes Zack Whittaker. “The chained vulnerabilities allow an attacker to gain kernel read and write privileges as the root user, and ultimately expose a device’s data.”
audio roundup
Looking for a brand new podcast to tune into in your commute? Here’s what’s up in TC podcasts recently:
- The Chain Reaction crew broke down the absurd collapse of FTX because it was occurring.
- Equity (with a visitor look from TC’s Becca Szkutak) coated the seemingly limitless layoffs we’re seeing from tech firms large and small, and what FTX’s meltdown means for it and corporations prefer it.
- Darrell was joined on The TechCrunch Podcast by TC senior reporter Dom-Madori Davis to speak about “the coalition of VCs that are standing for reproductive rights” and to recap the largest tech tales of the week.
TechCrunch+
Not a TechCrunch+ member but? Here’s what members have been trying out most behind the paywall:
How ButcherBox bootstrapped to $600M in income: How did ButcherBox develop from a modest Kickstarter to $600 million in income in just some years? Haje outlines the corporate’s path to this point.
The Exchange: In his more and more in style every day e-newsletter, Alex Wilhelm wonders: Has everybody been valuing software program firms the mistaken means all alongside?