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Twitter’s mass layoffs are set to begin Friday morning

According to an internal memo sent to Twitter employees, the new management under Elon Musk will begin conducting layoffs Friday morning. These layoffs have been rumored since before Musk’s take

iPhone maker Foxconn and Saudi Arabia are going into the EV business

Saudi Arabia’s sovereign wealth fund has formed a joint venture with Foxconn to build and sell EVs, the latest move by the nation to meet its Vision 2030 goal of reducing its dependence on oil a

EV-maker Arrival gets delisting warning from Nasdaq

Commercial electric vehicle company Arrival has gotten a warning from the Nasdaq Stock Market because its stock price is trading too low. The company issued a press release Thursday saying it received

Daily Crunch: WhatsApp’s new discussion groups offer end-to-end encryption and support up to 1,024 users

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Rocket Lab will attempt to catch an Electron rocket booster with a helicopter again

Rocket Lab is gearing up for a second attempt to catch a rocket booster mid-air using a helicopter, a technique the company is hoping to perfect after a partially successful recovery earlier this year

Iron Ox lays off 50, amounting to nearly half its staff

There are no sure bets in this — or any — business. Automation, agriculture and a climate-bent are green flags, but no category is immune from mounting economic headwinds on top of the alr

Warner Bros. Discovery falls short of expectations in Q3 despite success of ‘Game of Thrones’ spinoff

Warner Bros. Discovery (WBD) reported its fiscal quarterly earnings this afternoon — its last one before the company is set to launch a new streaming service next year that combines HBO Max and

Wii? More like Woof, as video games for dogs become a thing

File this in the “did not see that coming” category; JoiPaw, an U.K.-based startup, is building a series of video games for dogs, with the ultimate goal of helping do further research into

Amazon exec confirms corporate hiring freeze through end of year

Given the ongoing economic headwinds and the company’s expensive belt-tightening under CEO Andy Jassy, it ought not come as a surprise that Amazon has instituted a corporate hiring freeze. The retai

I reviewed 1,000+ pitch decks. These are the most common mistakes

We break down the top 10 most common mistakes in pitch decks, along with a bunch of examples of how these mistakes show up.

Why the CEO of the world’s largest crypto exchange backed Musk’s Twitter buyout

Binance’s CEO and founder Changpeng Zhao made headlines outside his typical wheelhouse of web3 as an investor in Elon Musk’s Twitter buyout. Zhao, who put in $500 million, told an audience

Bitcoin’s future could hinge on mines over matter

Welcome back to Chain Reaction. Last week on the podcast, we talked about Apple’s App Store tax and how it could hinder NFT adoption. This week, we dug up a few stories about bankruptcies brewing in

There’s still green in climate robots

Kicking things off with a big funding round for AMP Robotics this week for a couple of reasons, but when push comes to shove, it comes down to something really simple: There are a lot of great reasons

Bitwise, Paradigm and Perkins Coie talk regs at TC Sessions: Crypto

Crypto entities ranging from major exchanges to small projects are on the road to stateside regulation. Whether it comes through the Securities and Exchange Commission or the Commodity Futures Trading

Substack targets Twitter with launch of discussions feature, Substack Chat

Another company hoping to capitalize on Twitter’s upheaval in the wake of Elon Musk’s takeover is the newsletter platform Substack. The company has openly targeted Twitter’s user bas

Review: God of War Ragnarok

The 2018 reboot of long-running PlayStation action series God of War as a more contemplative, open-world adventure raised a few eyebrows at first, but the astonishing quality of the finished game put

Less than 24 hours until early-bird prices vanish for TC Sessions: Space

“Space … the final frontier.” Those familiar words have likely fueled the imaginations of the very people currently forging the future of humanity in space. Don’t miss your opportunity to meet

TikTok privacy update in Europe confirms China staff access to data as GDPR probe continues

An incoming privacy policy change announced by TikTok yesterday for users in Europe — which, for the first time, names China as one of several third countries where user data can be remotely acc

Now anyone can build apps that use DALL-E 2 to generate images

At long last, DALL-E 2, OpenAI’s image-generating AI system, is available as an API, meaning developers can build the system into their apps, websites and services. In a blog post today, OpenAI

Tips for e-commerce startups that want to win market share this holiday season

Companies will need to be ready to shift their strategy for discounting, inventory planning and ad and marketing spend, all while fending off potential consumer fatigue.
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