It is not a rug pull if it is an accident • TechCrunch

Hiya and welcome again to Fairness, a podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

We thought that final week was quite a bit. It was, however this week was someway extra. Extra chaotic, rapid-fire change at a variety of huge tech firms stored us on our toes. So, whereas our beloved co-host Natasha was out, we couldn’t do the recording down a set of fingers, so we introduced Becca aboard with Mary Ann and Alex.

The checklist of reports was so lengthy that we have been chopping whole sections up till we hit file, and even nonetheless we went over time. In case you like longer episodes, this one is for you.

• Offers of the Week: What’s happening with the previous Peloton CEO’s new rug startup? And the way is Tellus going to supply a lot better shopper financial savings charges? And, lastly, how fallacious can Alex get the Harmonic enterprise mannequin till he figures it out dwell on the present?
• Mega-layoffs: From there, we needed to sit down and talk about the large Meta layoffs. Our learn is that the corporate is doing proper by the parents it’s chopping, which isn’t as a lot as we will say about another firms on the earth additionally present process huge staffing cuts. Naturally, this introduced up Twitter to a level, the smaller social community being the Principal Character in tech information up till, nicely:
• WTF FTX? Ah, FTX. Final week it was price $32 billion and its founder was arguably the face of crypto all over the world. And now Sequoia has pulled its on-site hagiography, SBF is a pariah, and FTX could also be going to zero. There’s going to be a mini-series about this, isn’t there?

We’re again Monday! Have a stunning weekend!