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Hey, folks, welcome to another edition of the TechCrunch Week Review, where we highlight the hottest stories of the past seven days. I’m kicking in front of the laptop. Greg Kumparak This week, but don’t worry, he’ll be back soon.
If you want this goodness in your inbox every Saturday, go here to subscribe. Now let’s get to it.
Most Read (Elon’s edition, somewhat)
Elon did it.: He bought Twitter. The $44 billion acquisition closed this week and on Day 1, the platform’s new owner “clean house,” wrote Taylor and Amanda, firing CEO Parag Agrawal, CFO Ned Segal and head of legal, policy and trust Vijay Gade. The acquisition has avoided months of ups and downs, and this week was no different. Darrell collected some highlights.
About the face of Elon’s dismissal: Elon Musk immediately fired some people up, earlier this week The dismissal statement is reversed last weekCiting a Bloomberg report, Twitter said it would not lay off 75% of its employees — or 5,600 people.
Apple’s Elon problemDarrell’s headline says it right: “Twitter’s Elon problem may soon be Apple’s Elon problem.” The main issue is that Apple updated its developer guidelines this week, one of which “requires rent based on revenue generated around posts promoted on social networks.”
Closing Argo AIIn the year Argo AI, an autonomous vehicle that launched at $1 billion in 2017, closed. Its divisions are “being absorbed into its two main backers, Ford and VW,” writes Kirsten Korosek.
Speaking of autonomous vehicles: After the Argo AI news hit, Darrell took to the site, saying no, it can’t just be autonomous vehicles.
The price of MrBeastAmanda asked if MrBeast, or 24-year-old YouTuber Jimmy Donaldson, is worth $1.5 billion for his business.
Meta is in trouble.: This is the subject. Meta reported its third quarter results this week and they weren’t great. As Taylor writes: “Since the Instagram segment of the business hasn’t been so hot lately, Meta has dropped in on the Metaverse without checking if it even knows what users are looking for these days.” And once you change a company’s name, ruining a perfectly good word in the process, there are no easy recoveries. Meta It was actually a perfectly good word.
Google Pixel 7 “dumb” defect: Hajee took a photo through an airplane window and noticed the reflection caused by the shiny chrome around the phone’s camera lens. “It’s a very common use case for most photography apps, which makes it hard to understand why Google would go out of its way to make that experience worse.”
Audio summary
- This week at the Fair, we’re sharing with you one of Natasha Mascarnhas’ disruptive panels. She spoke with co-founders Lindsay Kaplan and Carolyn Childers about the future of their private membership club for women in leadership positions.
- This week on Found, Darrell and Jordan sat down with Shanti Rajan of construction management software company Linark to discuss entering a rapidly changing industry, building a talented team around the world, and working with customers to build the most valuable product.
- And on Chain Reaction, Anita and Jacqueline talk about Apple’s new app store guidelines, Reddit’s entry into the NFT space, and whether the UK’s new Prime Minister lives up to the hype he’s received from the crypto community.
techcrunch+
5 tips to get started in the crowded web3 game market. Contributor Corey Wilton explains the steps you need to take when looking for capital.
Pitch Deck Teardown: Palau Project. Haje usually skips the pre-race rounds, but he went this week with the Palau Project, founded by professional kite-surfer Jerome Klotens, who is taking on climate change.
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