Hello again! Welcome back to Week in Review, the newsletter where we quickly round up the top stories from the past seven days on TechCrunch dot-com. Want it in your inbox? get it here
That most read story This week is pretty wild: Bolt Mobility, an on-demand bike/scooter rental co-founded by Usain Bolt, has kind of just…gone. “The departure was abrupt,” Rebecca writes, “they left towns with abandoned devices, unanswered calls and emails and lots of questions.”
Amazon buys iRobot: Bezos wants it all. Whole food! A medic! And now… Roomba? In this latest in a series of seemingly sudden and somewhat surprising acquisitions, Amazon loses $1.7 billion for the company best known for its robotic vacuums.
Facebook stops live shopping: If you’re using 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, dedicated shopping features will go dark in October.
Starbucks enters web3: I would roll my eyes, but considering how many people I know insist on buying a Starbucks mug in every major city they visit…
More Robinhood layoffs: Uff. Just a few months ago, Robinhood shed 9% of its full-time employees; This week, the company confirmed it was letting go of another 23%. Citing overstaffing over the past few wild years, CEO Vlad Tenev writes: “I have approved our ambitious workforce plan and taken responsibility for it – that’s up to me.”
YC is getting smaller: It had to happen at some point. Y Combinator got bigger and bigger with each accelerator class, reaching an absurd 414 companies in the last batch. They’re scaling things back a little with the next cohort — but it’s still relatively large at around 250 companies.
podcast! Get your podcasts!
This week in the world of TechCrunch podcasts, the Equity crew spoke about the smaller (but still quite large) cohort of YC, Darrell and Becca spoke about “Instagram moves from TikTok to MySpace” on the TC podcast, and Burnsy spoke to Convoy -Co-founder Dan Lewis on the 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 “Uber for the beauty industry.” How did you convince investors to come on board? In this latest installment in his Pitch Deck Teardown series, Haje hums through the deck and helps explain why certain things made the cut.
What really happens when your startup is acquired?: There’s more to being acquired than waiting for a bag of cash to appear on your desk. Yair Snir, VP at Dell Technologies Capital, gives us a high level overview of the whole process “from NDA to LOI”.
Dear Sophie: “How long do I have to stay in my current job after receiving my green card?” It’s a reasonable question! Immigration attorney Sophie Alcorn intervenes.
https://techcrunch.com/2022/08/06/amazon-buys-roombas-maker-bolt-vanishes-and-yc-slims-down/ Amazon buys Roomba’s maker, Bolt vanishes, and YC slims down – TechCrunch