Hello again! Welcome back to Week in Review, the newsletter where we quickly summarize the top stories from TechCrunch dot-com over the past seven days. Do you want it in your inbox? Bring it here.
The Most Read Story This week it’s kind of wild: Bolt Mobility, an on-demand bike/scooter rental company co-founded by Usain Bolt, Kenda… just vanished. “The departure was abrupt, leaving cities with abandoned equipment, unanswered calls and emails, and lots of questions,” writes Rebecca.
Amazon buys iRobot: Bezos wants all things. All foods! Medical one! And now… a rumba? In the latter in a series of surprising and somewhat surprising acquisitions, Amazon is losing $1.7 billion to the company best known for its robot vacuums.
Facebook shuts down direct shopping: If you’ve been using Facebook’s “Direct Shop” feature to sell things via broadcast, it might be time to find a new platform. While the live stream won’t end, custom features focused on shopping will go dark in October.
Starbucks enters web3: I was rolling my eyes, but given how many people I know, they insist on buying a Starbucks mug from every major city they visit…
More Robinhood Hairstyles: Oof. Just a few months ago, Robinhood laid off 9% of its full-time employees; This week, the company confirmed it had given up another 23%. Citing over-recruitment over the past few years, CEO Vlad Tenev wrote, “I have agreed and taken responsibility for the ambitious hiring trajectory – that falls to me.”
YC becomes smaller: It was to happen in the end. Y Combinator has been getting bigger with each accelerator category, peaking at 414 companies in the last batch. They’re trimming things down a bit with the next batch – but at about 250 companies, the number is still relatively huge.
Podcasts! Get your own podcast!
This week in the world of TechCrunch podcasts, the financial value The crew talked about YC’s smaller (but still pretty huge) group, and Daryl and Becca talked about “Instagram being MySpaced by TikTok” on TC . podcastBeerence spoke with Convoy co-founder Dan Lewis about the shipping company’s “secret growth hack” Tech Crunch Live.
Glambook’s Seed Collection $2.5 MillionGlambook recently raised millions to build what it calls “the uber of the beauty industry.” How did they convince investors to join? In this latest installment in the Pitch Deck Teardown series, Pilgrim runs across the deck and helps explain why certain things are happening.
What really happens when your startup is acquired?There is more than just waiting for a bag of cash to appear 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 a green card?” It’s a reasonable question! Immigration attorney Sophie Alcorn takes her place.