Hey once more! Welcome again to Week in Overview, the publication the place we shortly recap the highest tales to cross TechCrunch dot-com over the previous seven days. Need it in your inbox? Get it here.
The most read story this week is form of a wild one: Bolt Mobility, an on-demand bike/scooter rental firm co-founded by Usain Bolt, kinda simply…vanished. “The departure has been abrupt,” writes Rebecca, “leaving cities with deserted gear, unanswered calls and emails, and many questions.”
Amazon buys iRobot: Bezos needs all of the issues. Entire Meals! One Medical! And now…Roomba? On this newest in a collection of seemingly sudden and considerably stunning acquisitions, Amazon is dropping $1.7 billion for the corporate greatest identified for its robo vacuums.
Facebook shuts down live shopping: In the event you use Fb’s “reside buying” function to promote issues through stream, it is likely to be time to discover a new platform. Whereas reside streaming isn’t going away, the devoted shopping-focused options will go darkish come October.
Starbucks is getting into web3: I’d roll my eyes, however given how many individuals I do know insist on shopping for a Starbucks mug from each main metropolis they go to…
More Robinhood layoffs: Oof. Just some months again, Robinhood minimize 9% of its full-time employees; this week, the corporate confirmed it’s letting go of one other 23%. Citing overhiring over the previous few wild years, CEO Vlad Tenev writes “I authorized and took accountability for our bold staffing trajectory — that is on me.”
YC gets smaller: It needed to occur ultimately. Y Combinator had been getting greater and larger with every accelerator class, peaking at an absurd 414 corporations within the final batch. They’re scaling issues again a bit with the subsequent cohort — however at roughly 250 corporations, it’s nonetheless comparatively large.
Podcasts! Get your podcasts!
This week on this planet of TechCrunch podcasts, the Equity crew talked about YC’s smaller (however nonetheless fairly large) cohort, Darrell and Becca talked about “Instagram being MySpaced by TikTok” on The TC Podcast, and Burnsy talked with Convoy co-founder Dan Lewis concerning the freight firm’s “secret development hack” on TechCrunch Live.
Glambook’s $2.5 million seed deck: Glambook just lately raised tens of millions to construct what it calls “Uber for the wonder business.” How’d they persuade traders to get on board? On this newest version of his Pitch Deck Teardown collection, Haje buzzes by way of the deck and helps clarify why sure issues made the minimize.
What really happens when your startup gets acquired?: There’s extra to getting acquired than ready for a bag of money to look in your desk. Yair Snir, VP at Dell Applied sciences Capital, offers us the high-level overview of the entire course of, “from NDA to LOI.”
Dear Sophie: “How lengthy am I required to remain at my present job after I get my inexperienced card?” It’s an inexpensive query! Immigration lawyer Sophie Alcorn weighs in.