Kanye agrees to buy Parler, Elon Musk reportedly plans mass layoffs at Twitter, and Netflix gets into cloud gaming • TechCrunch
Hey, good friends! Welcome again to Week in Evaluation, wherever each and every Saturday we recap a handful of the leading TechCrunch stories from the past 7 days. Want it in your inbox? Get it in this article!
This 7 days marked the in-individual return of TechCrunch Disrupt, with our team using the clearly show again into the serious world just after two many years completely digital. It was a person helluva demonstrate, with appearances from people like tennis legend (turned trader) Serena Williams, comedian (also turned investor!) Kevin Hart, Lyft co-founder John Zimmer, and Figma CEO Dylan Industry. Congrats to Minerva Lithium for winning the Startup Battlefield competitiveness!
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Google’s Ping-Pong robot: “As if it weren’t plenty of to have AI tanning humanity’s disguise (figuratively for now) at each board match in existence,” writes Devin, “Google AI has received just one functioning to wipe out us all at Ping-Pong as properly.”
Elon expects enormous Twitter layoffs: Musk reportedly needs to slash up to 75% of Twitter’s workforce — approximately 5,600 careers — if/when his acquisition of the firm goes by way of. That quantity looks really absurd. Even substantially lesser layoffs have compounding consequences on things like staff morale and productivity — just think about the amount of money of expertise/insight that disappears if the the vast majority of a business is let go.
Kanye West is acquiring Parler: Effectively, which is a headline I in no way, at any time, at any time would’ve predicted. “Kanye West, the rapper who also goes by the title Ye, has achieved an settlement to get ‘uncancelable totally free speech platform’ Parler,” writes Manish, “in a go [the involved parties say] will assist persons categorical their conservative thoughts freely.”
Steadiness AI raises $101 million: The enterprise driving the AI-run impression generator Steady Diffusion and tunes-creating procedure Dance Diffusion has raised $101 million at a reported valuation of $1 billion.
Netflix explores cloud gaming: Just as Google provides up on its cloud gaming attempts, Netflix is diving in. At Disrupt this 7 days, Netflix’s VP of Gaming explained the business is “seriously exploring a cloud gaming offering,” declaring that Google’s shuttered energy was a “technical success” with “issues with the company design.”
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Here’s what is up in TC podcast land this week:
- Equity was reside and in man or woman! Just after yrs in pandemic manner, the Fairness crew (Alex, Natasha, and Mary Ann) kicked off Disrupt by recording a exhibit facial area-to-facial area for the initial time.
- On Found, Darrell and Jordan caught up with Jerrica Kirkley and Matthew Wetschler and acquired the tale of Plume, their telehealth corporation that focuses on transgender care.
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What were TC+ users reading through most powering the paywall? Here’s a peek:
2023 VC predictions: Soon after a wild few years of ups and downs, what will venture money glimpse like in 2023? Contrary Capital founder Eric Tarczynski weighs in.
Ron explores Celonis and its $13 billion valuation: Celonis may not be a title that every person recognizes…but the 11-12 months-aged data-processing company has managed to elevate billions of dollars in the past number of decades alone. What are they carrying out so ideal? Ron Miller takes us on a deep dive.