Hello again! Welcome to Week in Review, the newsletter where we quickly recap the top stories from TechCrunch dot-com this week. Want it in your inbox every Saturday? Register here.
Is Facebook for older people? If you have a teenager at home, you’ve probably heard them say the same thing. The most read this week’s story is about a Pew study that suggests this generation of teens have largely abandoned the platform in favor of Instagram/YouTube/TikTok/etc. ; while in 2014 around 71% of teens used Facebook, the study says that by 2022 that number has dropped to 32%.
Mark Cuban Sued Over Promoting Crypto Platform“A group of Voyager Digital customers have filed a class action lawsuit in federal court in Florida against Cuban and the basketball team he owns, the Dallas Mavericks,” Anita writes, “alleging that their promotion of the crypto platform resulted in over 3.5 million investors collectively losing $5 billion.
A worrying trend in layoffs: While tech layoffs may hopefully show signs of slowing down, Natasha M points to a troubling trend: some companies are announcing layoffs just to advertise another one series of layoffs a few weeks or months later.
SpaceX launches South Korea’s first lunar mission: South Korea has launched its first-ever lunar mission – a lunar orbiter “launched atop a SpaceX Falcon 9 rocket” ahead of plans to land on the surface sometime in 2030.
Twilio gets hacked: While it’s unclear exactly what data was taken, Twilio says the data of at least 125 customers was accessed after some of its employees were tricked into ‘handing over their corporate login credentials’ by an intense SMS phishing attack.
Amazon’s Weird New Show: Think “America’s Funniest Home Videos,” but made up of user-submitted footage from Ring security cameras. By now, most people probably realize that their every step is being recorded on a security camera or three – but doesn’t Embracing It as Entertainment™ like this seem a little… gross ?
Haus is going through a tough time: Haus, a company that ships low-alcohol specialty drinks directly to consumers, is looking for a buyer after a major investor pulled out of its Series A. The challenge? Investor due diligence for an alcohol business can take months, and Haus simply doesn’t have “the cash to support continued operations at this time.”
How clean is the air you breathe every day? Aclima co-founder Davida Herzl wants everyone to be able to answer that question and sat down with Jordan and Darrell on this week’s Found podcast to explain her mission. Meanwhile, on Chain Reaction, Jacquelyn and Anita explain the US government’s crackdown on cryptocurrency mixer Tornado Cash, and the Equity team spent Wednesday’s show discussing whether the Turbulent late market conditions will mean that we will see less early-stage effort in the months ahead.
What’s behind the paywall? Many very good things! Here’s what TechCrunch+ subscribers were reading the most this week…
Building an MVP when you can’t code: You have a brilliant idea but you don’t know how to code? You can always get the ball rolling. Magnus Grimeland, founder of fledgling venture capital firm Antler, outlines some of the key principles to keep in mind.
Do SaaS Ratings Point to a Recovery?: “…the good news for founders of software startups,” writes Alex, “is that the period when the deck was increasingly stacked against them may now be behind us.”
VC and AI-based investment tools: Do VCs want AI-powered tools to help them figure out where to put their money? Kyle Wiggers examines the concept and why not all VCs agree.