Whats up all! Welcome again to Week in Overview, the newsletter the place we recap a number of the high tales to cross TechCrunch during the last 7 days. If you’d like it in your inbox each Saturday, join here.
The most learn story this week was about, get this: a DeLorean. As within the Again to the Future automobile. Yep. The brief model: the just lately revived model launched pictures of the Alpha 5, an electrical car inbuilt homage to the DeLorean of yesteryear, full with these signature gull-winged doorways. Particulars like value/availability are nonetheless below wraps, however for the curious: the corporate says it’ll do zero to 60 in 2.99 seconds — and, maybe more importantly, zero to 88 in 4.35 seconds.
different stuff
What else occurred this week? Right here’s a number of the stuff individuals had been studying about most:
WWDC rumbles: Apple’s annual Worldwide Developer Convention kicks off on Monday, June 6, and rumors about what may be introduced are already spreading quick. Brian Heater has a roundup masking what he expects to see at the event, and Sarah Perez took a deep dive into what’s likely changing in iOS.
Sheryl Sandberg steps down at Meta: After 14 years within the position, Sheryl Sandberg will now not be the COO of the corporate previously referred to as Fb. Meta chief progress officer Javier Olivan will shift into the COO position; Sandberg will stay on Meta’s board of administrators.
Amazon kills the Cloud Cam: Again in 2017, Amazon launched somewhat good dwelling digicam referred to as the Cloud Cam. Then it just about instantly purchased two good digicam makers — Blink and Ring. Half a decade later, Amazon is ditching Cloud Cam in favor of the latter two. Cloud Cams will cease working on the finish of this 12 months; present Cloud Cam customers will get a free Blink Mini digicam as a substitute, together with a free 12 months of the Blink Plus plan. In the event you’re utilizing a Cloud Cam, be sure to again up your saved movies earlier than they disappear in December.
Amazon experiments with “invite-based” ordering to fight scalpers: In the event you’re a standard particular person simply attempting to casually purchase one thing like a PlayStation 5 or an Xbox Sequence X on Amazon, you’ve most likely felt the frustration of being beat to the punch by a billion bots. Amazon introduced this week that it’ll roll out “invite-based” orders for choose high-demand gadgets; you’ll “request an invite” after which Amazon will test issues like buy historical past/account creation date to find out who will get first dibs.
More layoffs: It was but one other brutal week of tech layoffs — 8% of Carbon Health; 14% of Loom; 10% of the Winklevoss twins’ crypto platform Gemini; 25% of social app IRL; 10% of TomTom and extra.
And Tesla, too: First got here phrase that Elon Musk would require “everybody at Tesla” to be within the workplace (moderately than distant) for a “minimal of 40 hours” per week. Then got here phrase of a company-wide hiring freeze, and plans to chop as much as 10% of Tesla’s salaried workforce.
audio stuff
You like TechCrunch in your eyes — how about TechCrunch in your ears? We’ve received a bunch of super-good podcasts, the newest of which Matt Burns summed up here.
Instance A: the TechCrunch Dwell podcast, the place this week Burnsy talked with the CEO and lead investor of Olive — a Columbus, Ohio, firm that pivoted 27 instances and is now price billions.
added stuff
We’ve got a paywalled part of our website referred to as TechCrunch+. It solely prices a couple of bucks a month and it’s filled with superb stuff! From this week, for instance:
VCs on the state of crypto: Just about the entire massive cryptocurrencies have spent the final 6 months in a downward spiral. How are traders feeling concerning the area general? Jacquelyn Melinek checked in with a handful of VCs for his or her ideas.
How the Biden admin could power up solar/wind projects: “There’s an concept floating within the ether (or at the least in my ether) that there’s sufficient sunny federal land in Nevada to energy the whole United States with photo voltaic,” writes Tim De Chant. “So why don’t we have now extra photo voltaic and wind on public lands?”
Even Stripe isn’t immune to a changing market: Fintech corporations are getting hit arduous by the downturn; Alex Wilhelm takes a have a look at how/why “even the biggest and best-known non-public fintech corporations are affected by embarrassing revaluations.”
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