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

Howdy and welcome again to Equity, a podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

We thought that final week was rather a lot. It was, however this week was by some means extra. Extra chaotic, rapid-fire change at a lot of large tech firms saved us on our toes. So, whereas our beloved co-host Natasha was out, we couldn’t do the recording down a set of arms, so we introduced Becca aboard with Mary Ann and Alex.

The listing of stories was so lengthy that we have been reducing complete sections up till we hit file, and even nonetheless we went over time. When you like longer episodes, this one is for you.

• Offers of the Week: What’s occurring with the former Peloton CEO’s new rug startup? And the way is Tellus going to offer much better consumer savings rates? And, lastly, how wrong can Alex get the Harmonic business model until he figures it out live on the show?
• Mega-layoffs: From there, we needed to sit down and talk about the massive Meta layoffs. Our learn is that the corporate is doing proper by the oldsters it’s reducing, which isn’t as a lot as we are able to say about another firms on this planet additionally present process large staffing cuts. Naturally, this brought up Twitter to a degree, the smaller social community being the Major Character in tech information up till, properly:
• WTF FTX? Ah, FTX. Final week it was price $32 billion and its founder was arguably the face of crypto around the globe. And now Sequoia has pulled its on-site hagiography, SBF is a pariah and FTX may be going to zero. There’s going to be a mini-series about this, isn’t there?

We’re again Monday! Have a beautiful weekend!