Hi friends. Looking for a recap of this week’s news? You are in the right place. It’s Week in Review (WiR), our (more or less) regular newsletter that recaps the top stories from the past few days and is written by our talented team of VCs. (Woot, an anagram.) There’s no faster way to catch up on the important stuff. Of course, we are a little biased.
Before we get into the good stuff, a reminder that TechCrunch Early Stage 2023 is almost upon us — taking place on April 20th in Boston. I will refrain from paraphrasing my presentation in the previous columns also A lot, but trust me when I say you want to be there. Not only will you be treated to a healthy portion of the VC editorial staff abroad – which is rare! – but you’ll also have access to expert panels covering many aspects of startup creation.
Elsewhere in the action, don’t forget that Disrupt, TechCrunch’s flagship annual conference, kicks off on September 19th. We’re particularly excited about the AI stage, which is new this year. Tickets are available here.
With that out of the way, on to the news:
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special no more: This week, several Twitter users reported an error where Circle tweets — which are supposed to hit a specific group, like the Close Friends Instagram story — appeared on the algorithm-generated For You timeline. This meant that some people’s supposedly private posts were violating the containment policy to reach an unintended audience, which quickly sparked some uncomfortable situations, Amanda reports.
They made me do it: In a recent interview with the BBC’s James Clayton on Twitter Spaces, Twitter CEO Elon Musk admitted what many had suspected: He bought Twitter because he thought he’d have to. To recap, Twitter took Musk to court last year to force him to honor his signed commitment to acquire the company at the agreed-upon price of $44 billion, or $54.20 per share. After some legal delays, Musk — staring down the barrel of a long court battle — agreed to buy the company at the price he originally set.
Twitter X has become: In more Twitter news (I know a lot), Twitter, Inc. Now the name X Corp. , according to Court filing in ca. Amanda writes that Elon Musk, who bought Twitter for $44 billion last year, has aspired to build what he calls “aX, the application of everything. This proposed app may look like China’s WeChat, which supports messaging, payments, ride sharing, food delivery and other services in one place.
Stolen reviews: US Federal Trade Commission (FTC) consent A final approval order in its first-ever enforcement action over a case involving “review hijacking,” or when a marketer steals consumer opinions about another product to boost his own sales. pleasant He writes that, in this case, the Federal Trade Commission ordered the dietary supplement seller The Bountiful Company, the manufacturer of Nature’s generosity vitamins and other brands, to pay $600,000 to deceive and mislead customers on Amazon.
If it’s free, it works for me: Google TVGoogle’s Smart TV operating system that powers Chromecast and various TVs, this week got a significant update aimed at expanding access to free streaming content. Google TV now integrates access to free streaming channels like Tubi, Plex, and Haystack News directly into the redesigned Live tab, along with your current channel lineup from the free Pluto TV streaming device.
New phone from Dis?: Trying to expand its reach, Stockholm-based Truecaller It introduces an update that brings live caller ID support on iOS, and is available to people using its paid tiers. Jagmeet He writes that the new feature comes as Truecaller continues to see a lot of growth, but also some hits in its strongest markets, like India.
Clay is the new plastic: Plastic and paper cups are disposable environmental chaos. GaeaStara startup based in Berlin and San Francisco, believes they can achieve better results using only clay, water, salt and sand, Harry reports. To make the disposable containers, the startup says it has developed a proprietary 3D printer that gets them out in “30 seconds or less” — quite the claim.
New Android on the block: Google’s Android development cycle is running at a fairly predictable cadence these days. To wit, this week, after two developer previews, the company Launched The first four public beta releases are planned Android 14And Frederick reports. As with previous versions, the first beta is also the first one anyone can install over the air, assuming they have a supported Pixel device, going back to the Pixel 4a 5G (but not the Pixel 4).
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TechCrunch’s list of podcasts just doesn’t get any less impressive, in case you haven’t listened to any of them. On the subject of stocks, the crew delved into the deals of the week, regulation and dynamics on the ground in the field of AI and the opportunity that money might present to venture firms. And in this week is foundLauren Markler talks about how her company, Cofertility, aims to rebrand egg donation by making the process less transactional—and more affordable.
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TC+ subscribers get access to in-depth comments, analysis, and polls – which you know if you’re already a subscriber. If you aren’t, consider subscribing. Here are some highlights from this week:
SaaS metrics that attract investors: Oleksandr Yaroshenko, head of strategy and investments at Headway, writes about the engagement metrics that are of most interest to investors, including engagement over long periods at the end of a subscription and frequency of interactions with core app features.
What does REG mean for investors: The Environmental Protection Agency suggests New laws That would come into effect in 2027 and pave the way for a new car market dominated by electric vehicles. Tim He writes about how investment opportunities abound as the rules push electric vehicles to the fore.
Robot revolution: Brian He spoke with more than a dozen venture capitalists about the state of investing in robotics in 2023. As he notes, despite the recent downward trend, robotics remains vibrant and exciting, and undoubtedly has a bright future of exponential growth ahead.