Elon Musk completes Twitter purchase, Meta is struggling and it’s time to admit self-driving cars won’t happen TechCrunch

Hello guys, welcome back to another edition of TechCrunch Reviewed week, where we point you to the hottest stories of the past harsh days. I’m walking in front of the laptop for Greg Kumparak this week, but don’t worry, he’ll be back soon.

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most read (Elon edition, in part)

Elon made it: He bought Twitter. The $44 billion acquisition closed this week, and on Day 1, the platform’s new owners “cleaned the house,” Taylor and Amanda wrote, firing Parag CEO Agrawal, Director. Chief Financial Officer Ned Segal and head of legal, policy and trust Vijaya Gadde. The purchase has ended months of ups and downs, and this week was no different. Darrell rounded up some highlights.

Elon fired about the face: While Elon Musk immediately fired some of the top people, before that this week in a reversal from his dismissal statement last weekRebecca said she won’t actually lay off 75% of Twitter’s employees – or 5,600 people – Rebecca wrote, citing a Bloomberg report.

Apple’s Elon Problem: Darrell’s title really says it all: “Twitter’s Elon problem could soon become Apple’s Elon problem too.” The point is that Apple updated its developer guidelines this week, one of which is to “seek profit on revenue generated by social networks around promoted posts.” .

Argo AI stopped working: Autonomous vehicle startup Argo AI, which launched in 2017 with $1 billion, has shut down. Its divisions are “attracted by two main backers: Ford and VW,” according to Kirsten Korosec.

Talking about self-driving cars: After news of Argo’s AI broke, Darrell took to the site to discover the fact that, no, self-driving cars are not going to happen.

Value of MrBeast: Amanda asks if MrBeast, or YouTuber Jimmy Donaldson, 24, is worth the $1.5 billion he’s valuing his business.

Meta is in trouble: That’s the title. Meta report its third quarter results this week and they are not great. As Taylor writes: “With Instagram’s business not so prominent lately, Meta has dwindled on the metaverse without even checking if it knows what users want these days. And after changing the company’s name while spoiling a perfectly fine word in the process, nothing can be easily taken back. ” Meta actually a perfectly fine word.

Google Pixel 7 “stupid” flaw: Haje took a photo through an airplane window and noticed the reflection caused by the reflective chrome around the phone’s camera lens. “That’s a pretty common use case for most photography apps, which makes it harder to figure out why Google is trying to make that experience worse. “

sound ring

• Above Equity This week, we share with you one of Natasha Mascarenhas’ Disruption boards. She spoke with chief co-founders Lindsay Kaplan and Carolyn Childers about the future of their private members club for women in leadership positions.
• This week on FindDarrell and Jordan sat down with Shanthi Rajan from construction management software company Linarc to discuss entering a slow-changing industry, building a global talent pool, and working with clients. to build the most useful product possible.
• And more Chain reactionAnita and Jacquelyn chat about Apple’s new App Store guidelines, Reddit’s foray into the NFT space, and whether the UK’s new prime minister lives up to the hype he’s received from the crypto community death or not.

techcrunch +

5 tips for launching in a crowded web3 game market. Contributor Corey Wilton explains the steps that will set you apart when looking for capital.

Pitch Deck Teardown: Project Palau. Haje usually skips the previous seeding rounds, but he made it this week with Project Palau, founded by professional kitesurfer Jerome Cloetens, who is in charge of climate change. Queen.