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Hello, and welcome to Thursday – the day the TikTok CEO appeared before Congress. Our team is working hard around the clock to keep up with everything that’s going on there, and you can read the fruits of their labor in the Big Tech section. Now with news! – Christine And came
TechCrunch’s Top 3
- More layoffsThe strike that is sweeping the tech industry is now trickling down to the companies that serve them. Accenture announced today that it will cut 19,000 jobs. Manish Reports. That represents about 2.5% of the global workforce, but it’s an eye-opening figure.
- Put Kwon in jailLaw enforcement appears to have caught up with Do Kwon, creator of Terra, who was arrested at an airport in Montenegro. Jacqueline He wrote. You may recall that Kwon was under investigation in South Korea following the Terra/LUNA debacle that wiped $40 billion from the cryptocurrency market. Although he says he is cooperating with law enforcement, Kwon’s whereabouts have not been known since September.
- An excuse not to go to the mallDoorDash users can now order from Lush Cosmetics, Victoria’s Secret and Party City. The shipping giant has added some new shopping features like search optimization. Aisha It has more.
Startups and VCs
At first glance, Boston Dynamics is strange for a show like ProMat. Brian He wrote. For decades, the company has presented a glittering image to the world – a company known for its robotic highlight reels, from the ice-crossing Big Dog to the parkour-action Atlas. But the latest approach has led her to one of her biggest challenges to date: commercializing her robots.
Lun, a climate technology startup from Denmark, is on a mission to help heat pump installers reduce carbon footprint and run faster. Natasha L Reports, starting with heating systems and exchanging boilers for electric heat pumps.
Robots, heat pumps and five more pieces of tech news, oh my:
4 Indian investors explain how their investment strategy has changed since 2021
Image Credits: Treasure (Opens in a new window) / Getty Images
For our latest survey, TechCrunch reporter Jagmeet Singh asked four Indian investors how their careers have changed since the global tech crash.
Venture capital funding in the region will “dry up in the second half of 2022,” so he asked about their current deal pace, what investment trends they’re seeing and how founders can access them.
- GV Ravishankar, Managing Director, Sequoia India
- Ashutosh Sharma, Head of India Investments, Process Ventures
- Vaibhav Domkundwar, CEO and Founder, Better Capital
- Roopan Aulakh, Managing Director, Pi Ventures
Yes, and today there are three more from the TC+ team:
TechCrunch+ It’s our membership program that helps founders and startup teams get ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
The big news today is obviously TikTok, and our colleagues have been plugging everything from the congressional hearings to who would benefit from a US ban. Find any new developments here.
And now here are six non-Tik Tok stories for you:
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