Amazon buys Roomba’s maker, Bolt vanishes, and YC slims down – TechCrunch


Good day once more! Welcome again to Week in Overview, the publication the place we rapidly recap the highest tales to cross TechCrunch dot-com over the previous seven days. Need it in your inbox? Get it right here.

The most learn story this week is sort of a wild one: Bolt Mobility, an on-demand bike/scooter rental firm co-founded by Usain Bolt, kinda simply…vanished. “The departure has been abrupt,” writes Rebecca, “leaving cities with deserted tools, unanswered calls and emails, and plenty of questions.”

different stuff

Amazon buys iRobot: Bezos desires all of the issues. Entire Meals! One Medical! And now…Roomba? On this newest in a collection of seemingly sudden and considerably stunning acquisitions, Amazon is dropping $1.7 billion for the corporate greatest identified for its robo vacuums.

Fb shuts down stay buying: When you use Fb’s “stay buying” function to promote issues by way of stream, it could be time to discover a new platform. Whereas stay streaming isn’t going away, the devoted shopping-focused options will go darkish come October.

Starbucks is stepping into web3: I’d roll my eyes, however given how many individuals I do know insist on shopping for a Starbucks mug from each main metropolis they go to…

Extra Robinhood layoffs: Oof. Only a few months again, Robinhood minimize 9% of its full-time workers; this week, the corporate confirmed it’s letting go of one other 23%. Citing overhiring over the previous few wild years, CEO Vlad Tenev writes “I authorised and took accountability for our bold staffing trajectory — that is on me.”

YC will get smaller: It needed to occur finally. Y Combinator had been getting larger and greater with every accelerator class, peaking at an absurd 414 corporations within the final batch. They’re scaling issues again a bit with the following cohort — however at roughly 250 corporations, it’s nonetheless comparatively enormous.

audio stuff

Podcasts! Get your podcasts!

This week on the planet of TechCrunch podcasts, the Fairness crew talked about YC’s smaller (however nonetheless fairly enormous) cohort, Darrell and Becca talked about “Instagram being MySpaced by TikTok” on The TC Podcast, and Burnsy talked with Convoy co-founder Dan Lewis in regards to the freight firm’s “secret progress hack” on TechCrunch Dwell.

further stuff

Glambook’s $2.5 million seed deck: Glambook lately raised tens of millions to construct what it calls “Uber for the sweetness business.” How’d they persuade traders to get on board? On this newest version of his Pitch Deck Teardown collection, Haje buzzes by means of the deck and helps clarify why sure issues made the minimize.

What actually occurs when your startup will get acquired?: There’s extra to getting acquired than ready for a bag of money to seem in your desk. Yair Snir, VP at Dell Applied sciences Capital, provides us the high-level overview of the entire course of, “from NDA to LOI.”

Expensive Sophie: “How lengthy am I required to remain at my present job after I get my inexperienced card?” It’s an inexpensive query! Immigration legal professional Sophie Alcorn weighs in.