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Hey , folks , welcome to Week in Review ( WiR ) , TechCrunch ’s regular newssheet covering the retiring workweek in happenings around the technical school sphere . wintertime ’s lastly arrive , judging by the NYC atmospheric condition outside my window — and a winter of a sort might be descending on the tech industry , too , as it alas turns out .
This edition of WiR covers tech layoff make out back with a retribution , internet access in Gaza collapsing , everything announced during Apple ’s Halloween event and CCleaner ’s customer database getting hack . Also on the roster is WeWork file for failure , Anthropic raising $ 2 billion from Google , Costco sell surveillance equipment and ten ’s ( i.e. , Twitter ’s ) evaluation plummeting by 56 % .
It ’s a mickle to get through , so let ’s jump to it . But first , a reminder tosign up hereto receive WiR in your inbox every Saturday if you have n’t already done so .
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Layoffs are back : For his column this week , Haje writes that , despite signs of economical convalescence and predictions of avoiding a recession , tech companies extend to put down off employees . Experts hint that while the macroeconomics are improving , the recuperation appendage remains slow — leading many party to brace for what they prognosticate will be a retentive menses of lethargy .
Gaza net collapse : As the conflict between Israel and Hamas preserve , infrastructure is crumbling in Gaza . Last Friday , internet monitoring house NetBlocks wrote on X , formerly Twitter , that the Palestinian internet service and telecommunications providers NetStream and Paltel had collapse , resulting in a “ total or approximate - full ” internet blackout in the region .
Apple event recap : In lighter news , Apple announced a lot of new products during its Halloween event this calendar week , including an updated MacBook Pro , iMac and the M3 , its latest in - house chip category . Among other items of note , Apple did away with the Touch Bar on the unexampled 14 - inch MacBook Pro and upgraded the iMac ’s CRT screen with a 4.5 K retina video display and a six - speaker system supporting both Dolby Atmos and Spatial Audio .
CCleaner hacked : The maker of the popular desktop optimisation app CCleaner has confirmed that hacker stole a trove of personal information , including names and tangency information , about its yield customer following a data breach in May . In an email beam to customer , Gen Digital , the transnational software package company that owns CCleaner , said that the cyber-terrorist exploited a vulnerability in the wide used MOVEit single file transference tool .
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WeWork bankruptcy imminent : WeWorkis on the verge of filing for Chapter 11 bankruptcy in New Jersey , according to source cite by The Wall Street Journal . If WeWork does indeed charge , it should n’t come in as a jounce to fold followers of the flexible workspace provider , Mary Ann writes — WeWork warned in August in itssecond - poop earningsthat “ solid doubt exists about the company ’s ability to continue as a going concern . ”
Anthropic raise billions more : Google has reportedly endow $ 2 billion in Anthropic , the AI startup founded by ex - OpenAI White House , agree to The Wall Street Journal . The deal comes shortly after Amazon committed to as much as $ 4 billion in Anthropic . As Devin reports , this is just the latest in a developing proxy war between rival tech giants with a limited number of AI champ to back .
Costco keeps sell spy television camera : Two U.S. lawmaker this week asked retail titan Costco why it continues to betray surveillance equipment made by Lorex — despite admonition of cybersecurity risks and links to human rights revilement . The two-way missive see October 31 , institutionalize by Rep. Christopher Smith ( R - NJ , fourth ) and Sen. Jeff Merkley ( 500 - OR ) , said Costco ’s continued sale of Lorex product is “ all the more enigmatical ” give several of its retail rival have long cease sell the applied science .
X ’s valuation nose dive :X , the companionship formerly known as Twitter , is appreciate itself at $ 19 billion , per intimate documents obtained by Fortune . When Elon Musk bribe the companyone year ago this calendar week , he paid about $ 44 billion — or $ 54.20 per part — for the microblogging platform . Amanda observe that the interior rating marker about a 56 % drop-off in X ’s value over the last 12 month , which needless to say does n’t take care too good .
Audio
There ’s few better companions as the insensate weather encroaches than a podcast — rather one accompanied by a blistering drink . To round out your playlist , count TechCrunch ’s horse barn of quality programming .
Equitythis calendar week featured Marisa Warren , the co - father and managing pardner at Aliavia Ventures , which invest in startup based in the U.S. and Australia that have at least one female father and help their portfolio companies tackle unexampled market .
OnFound , the crew spoke with Abhi Ramesh , the chief executive officer and founder of Misfits Market , a grocery startup that sells surplusage and undesirable garden truck directly to consumer who do n’t mind funny - look food . They talked about how Ramesh started the company in his flat , handling every aspect from in person buying the unwanted produce from the farm to storing the food to packaging and merchant marine — all while running the web site and trying to fund raise .
AndChain Reactionrecappedthe terminal of the trial for Sam Bankman - Fried , former chief executive officer of FTX , who’sfacing seven charges related to fraud and money laundering .
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“ Unicorns ” come full circle : Alex writes about how , roughly ten years ago , Cowboy Ventures ’ Aileen Lee penned acolumn for TechCrunchthat brought the term “ unicorn ” into the world . Lee ’s column helped the world categorise startups in a new direction — but it was also a sign of the times to come up .
Making wind big businessman cheaper : Tim reports on AirLoom , a startup that aims to halve the cost of malarkey top executive with a new turbine design that ’s vertically orient as opposed to horizontal .
A sports accelerator : Ron covers Comcast ’s comparatively Modern sports - startup - focalize accelerator pedal , the Comcast NBCUniversal SportsTech Accelerator , which find startups that might bestow foundation to Comcast ’s mutant league cooperator while giving the unseasoned firms access to Comcast ’s media resource — and the sports league themselves .
