Sunday, September 18, 2022
HomeStartupAdobe buys Figma, Uber will get hacked, and Google shrinks Space 120...

Adobe buys Figma, Uber will get hacked, and Google shrinks Space 120 • TechCrunch

Hi there, pals! Welcome again to Week in Assessment, the e-newsletter the place we shortly sum up essentially the most learn TechCrunch tales from the final sevenish days. The purpose? Even in case you’ve had a busy week, a fast skim of WiR ought to preserve you within the (tech) loop.

Need it in your inbox each Saturday? Enroll right here.

This week was a bit in all places, with one other large story breaking each couple hours. Let’s simply drop proper in, lets?

most learn

  • Cutbacks at Space 120: Space 120 is Google’s in-house incubator, meant to let Googlers with probably large concepts faucet the mega firm’s sources to show stated concepts into one thing actual. This week, nonetheless, Google confirmed that it’s slashing half of the Space 120 tasks at the moment in improvement, with the incubator “shifting its focus” to AI tasks. Impacted staff are being given till early 2023 to discover a new job inside Google.
  • Adobe buys Figma: In one of many largest tech acquisitions of all time, Adobe introduced this week its intent to purchase the collaborative/web-based design device Figma for a whopping $20 billion. Figma noticed ridiculous development all through the pandemic, as many, many tech groups went distant and adjusted their workflows accordingly. Even for an organization as large as Adobe, profitable that a part of the workflow again would’ve been robust.
  • Layoffs at Twilio: Twilio confirmed this week that it’ll lay off roughly 11% of its workforce — someplace between 800 and 900 individuals — as the corporate focuses on reaching profitability in 2023.
  • iOS 16 goes stay: As anticipated, iOS 16 rolled out to Apple gadgets this week. Need our ideas on it? Discover Romain’s evaluation right here. Wish to know all the not-so-obvious new options hiding inside the replace? Take a look at Ivan’s listing. Most of our readers appear to be searching for fascinating methods to use these new Lock Display widgets.
  • South Korea points an arrest warrant for Terraform Labs’ founder: “A courtroom in South Korea has issued an arrest warrant for Do Kwon, the founding father of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens misplaced $40 billion in worth in a span of days earlier this yr.”
  • Uber hack: Late Thursday night time, Uber confirmed that it’s “responding to a cybersecurity incident” after a hacker seemingly breached the corporate’s inner community, with the hacker reportedly asserting their presence (and protesting how Uber pays its drivers) proper inside Uber’s Slack.

audio roundup

In the event you like TechCrunch on your eyes, take a look at TechCrunch on your ears. This week in TechCrunch podcast land, the Fairness workforce talked about how Y Combinator has advanced in recent times, the Chain Response crew “dug into the institutional embrace of blockchains by stodgy monetary powerhouses,” and the Discovered workforce went all “biggest hits” by revisiting an interview with Figma founder Dylan Subject from earlier this yr.


Wish to know what TC+ members are studying most behind the paywall? I’ve acquired that listing beneath. Wish to turn into a TC+ member your self? Enroll right here and use promo code “WIR” for 15% off an annual cross.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments