other things Besides a crypto crash, what else happened this week? Lots. Google I/O happened!: Whether everyone’s over buying a new phone every year or we’re all just focused on the million other things going on right now, it felt like Google’s annual conference/keynote just kinda… came and went. While Google kept a lot of the actual details under wraps, the big news out of the show was early glimpses of a new Pixel phone, a new “Pro” line of Pixel ear buds, and improvements to Google Maps, Assistant, and Translate. Oh, and Google’s finally making their own smartwatch! Oh, oh, and they’re still playing with the idea of Google Glass. I don’t wear glasses (yet), but the live, real-world subtitles in this concept video would have me rocking a pair in a heartbeat. More tech layoffs: Unfortunately, the recent trend of tech layoffs continues. Over the last few weeks we’ve seen layoffs from Robinhood, Netflix, Thrasio, Cameo, OnDeck, and MainStreet. This week that list grew to include Carvana, Latch, DataRobot, and Section4. Meanwhile, a number of big tech cos. announced that they’re slowing or outright freezing hiring. Amanda and Natasha have the full breakdown. Instagram is testing NFTs: Because of course they are. Remember when Instagram was just a place where we’d spend way too much time taking sepia-toned pictures of our breakfast and that was enough? Tiger Global has nearly depleted its latest VC fund: Well, that was fast. In March of this year, Tiger Global closed its latest venture fund with a gigantic $12.7 billion in commitments. Just months later, Connie Loizos writes “that new fund — which reportedly took less than six months to raise and includes $1.5 billion in commitments from Tiger Global's own employees — is almost fully invested already.” DJI’s Mini 3 Pro: DJI has a new drone, and TC’s Darrell Etherington is a fan so far (with the caveat that he mostly recommends the most expensive option, which is a few hundred bucks more than the $669 base model). Row, row, row your… Peloton?: The company best known for its exercise bikes (and more recently treadmills) has a new piece of at-home exercise hardware in the works: a rowing machine. While it feels like rowing machines are having a bit of a moment right now, it’s hard to imagine that this alone turns things around for Peloton after an incredibly rough quarter — but, as Brian Heater puts it, it’s at least “a bright spot” for the company after a streak of bad news. |
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