Is Facebook for the elderly? If you have a teenager around the house, you’ve certainly heard them say as much. The Most read This week’s story is on a study by Pew it shows that this generation of teenagers has largely abandoned this platform to switch to Instagram / YouTube / TikTok / etc; while in 2014, about 71% of teenagers used Facebook, the study says by 2022 this number has dropped to 32%.
Mark Cuban sues cryptocurrency platform advertising: “A group of Voyager Digital customers has filed a class-action lawsuit in Florida federal court against the Cuban, as well as the basketball team he owns, the Dallas Mavericks,” Anita wrote, “alleging advertising.” Their crypto platform has resulted in more than 3.5 million investors losing a total of $5 billion.”
A worrying layoff trend: While tech layoffs could, possibly, hopefully show signs of slowing, Natasha M points to a worrying trend: some companies are announcing layoffs just for the sake of notice. again layoffs just weeks or months later.
SpaceX launches Korea’s first moon mission: South Korea conducted its first lunar mission – a lunar orbiter “launched to the top of a SpaceX Falcon 9 rocket” ahead of its planned 2030 surface landing.
Twilio was hacked: While it’s unclear exactly what data was obtained, Twilio said the data of at least 125 customers was accessed after some of its employees were tricked into “handing over their company credentials.” by an intense SMS phishing attack.
Amazon’s Weird New Show: Think “America’s Funniest Home Video,” but made up of user-submitted footage from Ring security cameras. By now most people probably realize their every step is recorded on one or three security cameras – but not treating it as Entertainment™ as this feels a bit… icky?
Haus in trouble: Haus, a company that ships low-alcohol beverages directly to consumers, is looking for a buyer after a major investor pulled out of Series A. The challenge? Investor diligence on a wine company can take months, and Haus just “doesn’t have the cash to support ongoing operations at this time.”
How clean is the air you breathe every day? Aclima co-founder Davida Herzl wanted people to be able to answer that question and sat down with Jordan and Darrell about this week. Podcasts found to explain her mission. Meanwhile on Chain reactionJacquelyn and Anita explain the US government’s crackdown on the Tornado Cash crypto mixer, and Equity crew spent Wednesday’s show discussing whether turbulent market conditions towards the end of the year mean we see less effort at the early stage in the coming months.
What lies behind the charge wall? Lots of really good stuff! Here’s what TechCrunch+ subscribers read the most this week…
Build an MVP when you can’t code: Have a great idea but can’t code? You can still get the ball rolling. Magnus Grimeland, founder of early-stage VC firm Antler, laid out some key principles to keep in mind.
Will SaaS Pricing Recover?: “…Good news for software startup founders,” writes Alex, “that the time when the deck was increasingly stacked against them may now be behind us. “
VCs and AI-powered investment tools: Do venture capitalists want AI-powered tools to help them figure out where to put their money? Kyle Wiggers examines the concept, and why not all VCs are on board with it.