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Meta lays off thousands, FTX collapses, and Twitter has a very weird week

Hey, friends! Welcome back to Week in Review, the newsletter where we recap the top TechCrunch headlines from the past seven days. Get it in your inbox every Saturday AM by signing up here.
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Twitter had a week so strange that it could easily make up this entire newsletter, so we’ll keep to the bullet points:
Last week Elon laid off a huge chunk of the company. This week, some of those who were let go were reportedly asked to come back.
Twitter started giving blue verified checkmarks to anyone who’d pay $8. Things got chaotic fast.
Twitter rolled out a new, second checkmark for “Official” accounts. And then got rid of them. And then…brought them back?
By Friday morning, after fake “verified” accounts popped up for everything from companies to athletes to politicians, Twitter paused the $8 verification badge program.
A number of execs quit — to the point where the exits perked the ears of the FTC.
Elon reportedly told Twitter employees that “bankruptcy isn’t out of the question” for the company.
FTX collapses: Once one of the biggest crypto exchanges in the world, FTX effectively exploded this week. It briefly looked like competitor Binance would step in to acquire FTX, only for Binance to take one look at FTX’s books and back out almost immediately. FTX founder Sam Bankman-Fried has since resigned, and the company has filed for bankruptcy.
Meta layoffs: Meta — the parent company behind Facebook, Instagram, and Whatsapp — laid off 13% of its workforce this week. With a worldwide headcount of around 87,000 employees, that works out to over eleven thousand roles cut.
Gmail will no longer let you go back to old Gmail: Don’t like the new look that Gmail started rolling out back in July? Bad news. While users could previously revert to the old design, the Gmail team announced this week that the new design will be the “standard experience” for all within weeks.
Google finds exploits in Samsung phones: “Google says it has evidence that a commercial surveillance vendor was exploiting three zero-day security vulnerabilities found in newer Samsung smartphones,” writes Zack Whittaker. “The chained vulnerabilities allow an attacker to gain kernel read and write privileges as the root user, and ultimately expose a device’s data.”
audio roundup
Looking for a new podcast to tune into on your commute? Here’s what’s up in TC podcasts lately:
The Chain Reaction crew broke down the absurd collapse of FTX as it was happening.
Equity (with a guest appearance from TC’s Becca Szkutak) covered the seemingly endless layoffs we’re seeing from tech companies big and small, and what FTX’s meltdown means for it and companies like it.
Darrell was joined on The TechCrunch Podcast by TC senior reporter Dom-Madori Davis to talk about “the coalition of VCs that are standing for reproductive rights” and to recap the biggest tech stories of the week.
TechCrunch+
Not a TechCrunch+ member yet? Here’s what members were checking out most behind the paywall:
How ButcherBox bootstrapped to $600M in revenue: How did ButcherBox grow from a modest Kickstarter to $600 million in revenue in just a few years? Haje outlines the company’s path so far.
The Exchange: In his increasingly popular daily newsletter, Alex Wilhelm wonders: Has everyone been valuing software companies the wrong way all along?
Meta lays off thousands, FTX collapses, and Twitter has a very weird week by Greg Kumparak originally published on TechCrunch
Meta lays off thousands, FTX collapses, and Twitter has a very weird week

Meta announces legs, Hulu raises prices, and Microsoft embraces DALL-E 2

Hi, friends! It’s time for another edition of Week in Review, the newsletter where we quickly recap the most read TechCrunch stories from the past seven days.
Want it in your inbox every Saturday morning? Sign up here.
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LEGS: The company formerly known as Facebook held its Meta Connect conference this week, where it announced everything from a $1,500 VR headset to a work-focused partnership with Microsoft. Here’s the full roundup of all the news. The thing Zuckerberg seemed most excited about? His metaverse is getting legs.
Hulu’s price bump: Another year, another Hulu price hike. This week the ad-supported plan got bumped from $7 to $8 per month, while the ad-free plan went from $13 to $15 per month.
Microsoft x DALL-E: AI tools that can generate new images from text prompts are starting to go mainstream, with Microsoft announcing this week that it will integrate DALL-E 2 into at least two of its apps.
OG App gets KO’d: The “OG App” promised to provide an ad-free/suggestion-free Instagram experience more like that of yesteryear. Unfortunately, it didn’t have Instagram’s permission to do so. Instagram owner Meta quickly announced plans to take “all appropriate enforcement actions” against the app, which has now been pulled from both Google Play and the iOS App Store.
Google’s video calling booths get real: Last year, Google announced Project Starline, a wild, experimental “video-calling booth” that uses 3D imagery, depth sensors, and light field displays to make a video chat feel more like an in-person conversation. Until now, Starline booth prototypes were hidden away exclusively in Google’s offices; they’re now expanding that to include “the offices of various enterprise partners, including Salesforce, WeWork, T-Mobile and Hackensack Meridian Health.”
audio roundup
Been busy, and not the commuting/working out/doing housework kind of busy that lets you listen to podcasts while you get stuff done? Here’s what you missed in TC podcasts this week:
On Equity, Natasha and Alex caught up with the incredibly insightful Sarah Guo, who recently launched a $100 million early-stage VC firm after being an investor/partner at Greylock for nearly a decade.
Darrell and Jordan were joined on Found by Attabotics founder Scott Gravelle, who detailed how ant colonies inspired his approach to robotics.
The Chain Reaction crew talked about why the SEC is investigating the company behind the Bored Ape Yacht Club NFT collection and what it could mean for the crypto ecosystem.
techcrunch+
Here’s what subscribers were reading most behind the TC+ member paywall this week:
Supliful’s seed deck: “This is one of the best decks I’ve ever seen, despite being butt-ugly and riddled with mistakes,” writes Haje in the latest installment of his popular Pitch Deck Teardown series.
Growth hacking is really just growth testing: 10+ years after the term “growth hacking” was coined, what does it really mean today? Growth marketing expert Jonathan Martinez shares his insights.
Meta announces legs, Hulu raises prices, and Microsoft embraces DALL-E 2 by Greg Kumparak originally published on TechCrunch
Meta announces legs, Hulu raises prices, and Microsoft embraces DALL-E 2