Meta lays off 1000's, FTX collapses, and Twitter has a terribly bizarre week • TechCrunch

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Twitter had every week so unusual that it may simply make up this whole e-newsletter, so we’ll preserve to the bullet factors:

FTX collapses: as quickly as one in all many largest crypto exchanges on the earth, FTX effectively exploded this week. It briefly regarded like competitor Binance would step in to amass FTX, solely for Binance to take one have a look at FTX’s books and again out almost immediately. FTX founder Sam Bankman-Fried has since resigned, and the agency has filed for chapter.

Meta layoffs: Meta — the mother or father agency behind fb, Instagram, and Whatsapp — laid off thirteen% of its workforce this week. With a worldwide headcount of round 87,000 workers, that works out to over eleven thousand roles minimize.

Gmail will not allow you to return to outdated Gmail: Don’t simply like the mannequin new look that Gmail started rolling out again in July? unhealthy information. whereas prospects may beforehand revert to the outdated design, the Gmail staff introduced this week that the mannequin new design could be the “regular expertise” for all inside weeks.

Google finds exploits in Samsung telephones: “Google says it has proof that a industrial surveillance vendor was exploiting three zero-day safety vulnerabilities current in newer Samsung smartphones,” writes Zack Whittaker. “The chained vulnerabilities allow an attacker to attain kernel study and write privileges as a end result of the thought consumer, and in the end expose a instrument’s knowledge.”

audio roundup

attempting to discover a mannequin new podcast to tune into in your commute? right here’s what’s up in TC podcasts recently:

  • The Chain response crew broke down the absurd collapse of FTX as a end result of it was taking place.
  • equity (with a visitor look from TC’s Becca Szkutak) coated the seemingly infinite layoffs we’re seeing from tech firms massive and small, and what FTX’s meltdown means for it and firms choose it.
  • Darrell was joined on The TechCrunch Podcast by TC senior reporter Dom-Madori Davis to focus on “the coalition of VCs which may be standing for reproductive rights” and to recap the largest tech tales of the week.


Not a TechCrunch+ member but? right 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 simply a few years? Haje outlines the agency’s path to this point.

The commerce: In his more and more trendy every day e-newsletter, Alex Wilhelm wonders: Has everyone been valuing computer software firms the flawed method all alongside?


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