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Amazon buys Roomba maker, Bolt disappears, YC slims down TechCrunch

Amazon buys Roomba maker, Bolt disappears, YC slims down TechCrunch

Admin | Post Sunday, 7 August 2022 - 10:52 AM | 119

Hello again! Welcome to Week in Review, a newsletter that brings together the top stories across for the past seven days. Is it because it’s in your inbox? Get it here.

of most read stories Bolt Mobility, the on-demand bike/scooter rental company co-founded by Usain Bolt, just… disappeared. “The departure was sudden,” she writes Rebecca.


Amazon buys iRobot: Bezos wants everything. Whole Foods! One Medical! And now… Roomba? In this latest in a series of seemingly sudden and somewhat surprising acquisitions, Amazon is pouring her $1.7 billion into the company best known for its robo-vacuum cleaners.

Facebook suspends live shopping: If you’re using Facebook’s ‘Live Shopping’ feature to sell your products via stream, it may be time to look for a new platform. Live streaming isn’t going away, but shopping-specific features will be retired in October.

Starbucks enters web3: Eye-rolling, considering how many people insist on buying a Starbucks mug from every major city we visit…

More Robin Hood layoffs: Woof. Just a few months ago, Robinhood cut his 9% of full-time staff. This week, the company confirmed that it will divest another 23%. Citing turbulent years of overhiring over the past few years, CEO Vlad Tenev said, “I signed off on an ambitious staffing trajectory and took responsibility. This is my responsibility.” I wrote.

Narrow YC: It had to happen after all. Y Combinator got bigger and bigger with each class of accelerator, peaking at a whopping 414 companies in the last batch. They’ve scaled back a bit in their next cohort, but they’re still relatively huge at around 250 companies.

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In the world of this week’s TechCrunch podcast, stock The crew talked about YC’s small (but still pretty big) cohort, and Darrell and Becca talked about “Instagram being MySpaced by TikTok.” TC Podcastand Burnsy spoke with Convoy co-founder Dan Lewis about the freight company’s ‘secret growth hack’ 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 join?In this latest installment of his Pitch Deck Teardown series, Haje rustles through the decks while explaining why certain things were taken .

What really happens when your startup gets acquired?: You can’t get it just by waiting for a bag of money to appear on your desk. Yair Snir, his vice president at Dell Technologies Capital, outlines the entire “NDA to LOI” process.

dear sophie: “How long must I stay in my current job after getting a green card?” Good question! Immigration attorney Sophie Alcorn gives her opinion.