Another brutal week for crypto and crypto companies - Aliens: AI Crypto News & Markets Updates
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Another brutal week for crypto and crypto companies

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TechCrunch

Sat, Jun 18, 2022

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Welcome back to Week in Review, the newsletter where we recap the most read stories to cross TechCrunch over the last week.

The most read story this week, unfortunately, was one of layoffs — specifically, layoffs at Coinbase .

More layoffs : Coinbase wasn’t the only company to disclose layoffs this week.

This week, Spotify announced that it is acquiring Sonantic.

They’re not getting too specific, but it’s not too hard to think of ways Spotify could put realistic-yet-simulated voices to use — think indie audiobooks or auto-generated podcast commercials.

The SpaceX letter : On Wednesday of this week, employees at SpaceX published an “open letter” to the company’s internal chat system that said “Elon’s behavior in the public sphere is a frequent source of distraction and embarrassment” and asked SpaceX to “swiftly and explicitly separate itself from Elon’s personal brand.” By Friday morning, at least one of the employees involved in the letter had been terminated , with SpaceX president Gwynne Shotwell calling it “overreaching activism.” Did work say it’s time to head back to the office?

(Fun fact: given that we’re spread out all over the world, many of us have talked to each other more on podcasts than we have in real life.) This week Lucas and Anita talked with the inimitable Aaron Levie (CEO of Box) about his thoughts on web3 — specifically, why it won’t work.

Some of the good stuff from this week includes: Which visa is best for bootstrapping a startup?

: This week Brex announced that it’s largely stepping out of the small- to medium-sized business market, with plans to cut services for its smaller customers come August 15.

In this week’s edition of The Exchange, Alex gives an overview of some of the biggest “issues that are currently tripping up the web3 market.”

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