Hello again! Welcome back to Week in Review, the newsletter where we quickly recap the top stories to cross TechCrunch dot-com over the past seven days. Want it in your inbox? Get it here.
The IS most read story This week is kind of wild: Bolt Mobility, an on-demand bike/scooter rental company founded by Usain Bolt, kinda just…vanished. “The departure is sudden,” Rebecca wrote, “leaving cities with abandoned equipment, unanswered calls and emails, and many questions.”
Amazon buys iRobot: Bezos wants all the things. Whole Foods! Medical only! And now…Roomba? In this latest in a series of sudden and surprising acquisitions, Amazon is dropping $1.7 billion for the company best known for its bot vacuum.
Facebook stops live shopping: If you use Facebook’s “live shopping” feature to sell things via stream, it might be time to find a new platform. While live streaming isn’t going away, the dedicated shopping-focused features will be dark in October.
Starbucks is entering Web3: I want to roll my eyes, but considering how many people I know insist on buying a Starbucks mug from every major city they visit…
More Robinhood layoffs: egg. Just a few months back, Robinhood cut 9% of its full-time staff; this week, the company confirmed that they are letting another 23% off. Citing over-hiring over the past few years, CEO Vlad Tenev writes “I approved and took responsibility for our ambitious staffing trajectory – this is on me.”
YC gets less: It was bound to happen eventually. Y Combinator was getting bigger and bigger with each accelerator class, peaking at an absurd 414 companies in the last batch. They’re scaling things back a bit with the next cohort – but at around 250 companies, it’s still relatively huge.
Podcasts! Get your podcasts!
This week in the world of TechCrunch podcasts, the Equity crew talked about the smaller (but still huge) YC cohort, Darrell and Becca talked about “Instagram being MySpaced with TikTok” on The TC Podcast, and Burnsy talked to Convoy co-founder Dan Lewis about “ freight company’s secret growth hack” on TechCrunch Live.
Glambook’s $2.5 million seed deck: Glambook recently raised millions to build what it calls “the Uber of the beauty industry.” How did they convince investors to get on board? In this latest edition of his Pitch Deck Teardown series, Haje goes through the deck and helps explain why certain things made the cut.
What really happens when your business gets started?: You have more to achieve than waiting for a bag of money to be on your desk. Yair Snir, Vice President at Dell Technologies Capital, gives us a high-level overview of the entire process, “from NDA to LOI.”
Dear Sophie: “How long do I have to stay in my current job after I get my green card?” It’s a reasonable question! Immigration attorney Sophie Alcorn weighs in.