Hi there all! Welcome again to Week in Overview, the e-newsletter the place we recap a few of the prime tales to cross TechCrunch during the last 7 days. If you’d like it in your inbox each Saturday, join right here.
The most learn story this week was about, get this: a DeLorean. As within the Again to the Future automobile. Yep. The quick model: the just lately revived model launched pictures of the Alpha 5, an electrical car in-built homage to the DeLorean of yesteryear, full with these signature gull-winged doorways. Particulars like value/availability are nonetheless beneath wraps, however for the curious: the corporate says it’ll do zero to 60 in 2.99 seconds — and, maybe extra importantly, zero to 88 in 4.35 seconds.
What else occurred this week? Right here’s a few of the stuff folks have been studying about most:
WWDC rumbles: Apple’s annual Worldwide Developer Convention kicks off on Monday, June 6, and rumors about what may be introduced are already spreading quick. Brian Heater has a roundup masking what he expects to see on the occasion, and Sarah Perez took a deep dive into what’s doubtless altering in iOS.
Sheryl Sandberg steps down at Meta: After 14 years within the position, Sheryl Sandberg will now not be the COO of the corporate previously often known as Fb. Meta chief development officer Javier Olivan will shift into the COO position; Sandberg will stay on Meta’s board of administrators.
Amazon kills the Cloud Cam: Again in 2017, Amazon launched slightly good dwelling digicam referred to as the Cloud Cam. Then it just about instantly purchased two good digicam makers — Blink and Ring. Half a decade later, Amazon is ditching Cloud Cam in favor of the latter two. Cloud Cams will cease working on the finish of this 12 months; current Cloud Cam customers will get a free Blink Mini digicam as a alternative, together with a free 12 months of the Blink Plus plan. When you’re utilizing a Cloud Cam, ensure you again up your saved movies earlier than they disappear in December.
Amazon experiments with “invite-based” ordering to battle scalpers: When you’re a traditional individual simply attempting to casually purchase one thing like a PlayStation 5 or an Xbox Collection X on Amazon, you’ve in all probability felt the frustration of being beat to the punch by a billion bots. Amazon introduced this week that it’ll roll out “invite-based” orders for choose high-demand objects; you’ll “request an invite” after which Amazon will test issues like buy historical past/account creation date to find out who will get first dibs.
Extra layoffs: It was but one other brutal week of tech layoffs — 8% of Carbon Well being; 14% of Loom; 10% of the Winklevoss twins’ crypto platform Gemini; 25% of social app IRL; 10% of TomTom and extra.
And Tesla, too: First got here phrase that Elon Musk would require “everybody at Tesla” to be within the workplace (reasonably than distant) for a “minimal of 40 hours” per week. Then got here phrase of a company-wide hiring freeze, and plans to chop as much as 10% of Tesla’s salaried workforce.
You like TechCrunch on your eyes — how about TechCrunch on your ears? We’ve obtained a bunch of super-good podcasts, the most recent of which Matt Burns summed up right here.
Instance A: the TechCrunch Dwell podcast, the place this week Burnsy talked with the CEO and lead investor of Olive — a Columbus, Ohio, firm that pivoted 27 occasions and is now value billions.
We have now a paywalled part of our web site referred to as TechCrunch+. It solely prices a couple of dollars a month and it’s stuffed with superb stuff! From this week, for instance:
VCs on the state of crypto: Just about the entire massive cryptocurrencies have spent the final 6 months in a downward spiral. How are traders feeling concerning the area general? Jacquelyn Melinek checked in with a handful of VCs for his or her ideas.
How the Biden admin might energy up photo voltaic/wind tasks: “There’s an concept floating within the ether (or a minimum of in my ether) that there’s sufficient sunny federal land in Nevada to energy the complete United States with photo voltaic,” writes Tim De Chant. “So why don’t we now have extra photo voltaic and wind on public lands?”
Even Stripe isn’t proof against a altering market: Fintech firms are getting hit onerous by the downturn; Alex Wilhelm takes a have a look at how/why “even the most important and best-known non-public fintech firms are affected by embarrassing revaluations.”