To get TechCrunch’s biggest and most important stories delivered to your inbox every day at 3pm PDT; Register here.
Friday, and all eyes are on the huge number of Twitter workers who have been given the boot, not to worry, as many of ’em were unable to log into their email accounts when they found out they were going to lose their jobs in the morning. Ik- Christine And came
TechCrunch’s Top 3
- Not enough warning.: Twitter is reportedly making significant layoffs. Amanda And Catherine. The company is now facing a class action lawsuit alleging Elon Musk failed to provide proper legal notice when laying off employees. Sarah And Ivan Have more.
- More ways to payVenmo and PayPal are following behind Stripe and Square to start supporting Apple Pay on the iPhone. Ivan He wrote.
- Pedal to the metal: Connie He’ll be covering the Web Summit conference in Lisbon and has this story on Formula 1’s Toto Wolff, who says his racing team is looking for remote software to get a checkered flag again.
Startups and VCs
If you’re running a company that ships hundreds of thousands of boxes of frozen meat, you probably don’t want to handle every detail of your supply chain yourself. That’s what exporting is for – so why did ButcherBox build two dry ice factories during the pandemic? It was a combination of risk avoidance and high financial incentives; came Reports.
Commercial electric vehicle company Arrival has received a warning from the Nasdaq stock market because its stock price is too low. Rebecca Reports. The company disclosed that prior to the date of the press release, it had received a notice of 30 consecutive business days for its common stock to trade above $1.00 per share on the Nasdaq.
And in other exciting news…
What investors think about the TAM slide in your pitch deck
Image Credits: Bryce Durbin / TechCrunch
Ready to launch a bajillion-dollar startup? Before you begin: Are you thinking of building a center, a unicorn, or perhaps a decacore?
Startup pitching has become an existential drama, in part because many founders overestimate the size of the total addressable market (TAM) they hope to compete with.
“The way it’s calculated and the way the founder thinks tells us not necessarily about the business or the future, but how the founder thinks about company innovation,” said Dina Shakir, a partner at Lux Capital.
Three more from the TC+ team:
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
Sorry, we have to have another Twitter day, but we promise to include some other really cool articles as well. first, Amanda Porno thinks it’s a way for the social media giant to recoup some of its losses and make more money. Meanwhile, Kyle He spoke to several Twitter advertisers to see what their plans are in light of the Elon Musk invasion. Scammers are pausing their spending.
And we have five more for you:
