It’s that time of the week again, folks! Welcome to our Week in Review (WiR) newsletter, where we recap the most important tech news from the past seven days. If you’re new to WiR, don’t worry if you missed out on any of the action – we’ve got you covered.
Top Stories
TikTok’s US Fate Hangs in Balance
In a surprising move, China has reportedly expressed openness to Elon Musk acquiring TikTok’s US operations. This development comes as the Biden administration continues to scrutinize ByteDance’s ownership of the popular short-video app. Will Musk’s acquisition plans come to fruition? Only time will tell.
‘Free Our Feeds’ Campaign Gains Momentum
The "Free Our Feeds" campaign, aimed at preventing billionaire-backed social media platforms from exploiting user data, is gaining traction. The movement has sparked a heated debate about the ethics of tech giants and their handling of user information. As the conversation continues to grow, we’ll keep you updated on any developments.
24-Year-Old Entrepreneur Raises $3M for Next Venture
Meet Dominic-Madori Davis, a 24-year-old entrepreneur who’s already made waves in the startup scene. After exiting his first company to Coinbase, he’s now raised an impressive $3M for his next venture. We take a closer look at his story and what it says about the future of entrepreneurship.
Sonos CEO Patrick Spence Steps Down
In a surprise move, Sonos CEO Patrick Spence has announced his departure from the company. The news comes on the heels of a bungled app update that left users frustrated. As Spence exits the stage, we examine what this means for the future of Sonos and its leadership.
Xiaohongshu Hits No. 1 on App Store Amid TikTok Shutdown
As TikTok faces an uncertain future in the US, Xiaohongshu – China’s answer to Instagram – has risen to the top spot on the App Store. With a growing user base and innovative features, Xiaohongshu is poised to become a major player in the social media landscape.
Tech News
Climate Tech Deal-Making Slows Down
In a surprising turn of events, climate tech deal-making has slowed down significantly in recent months. As investors anticipate a recession, they’re becoming more cautious about investing in climate-focused startups. Will this trend continue, or will the sector prove resilient?
Global Venture Capital Market Shrinks in Q1 2023
The global venture capital market has shrunk in Q1 2023, with funding dipping to alarming levels. The slowdown is attributed to a few mega deals, but it’s clear that the current startup investing downturn may not be short-lived.
Podcast Highlights
- On Equity, the team discusses Y Combinator’s demo day and Q1 numbers, as well as venture activity in Latin America.
- TC’s Found podcast highlights The Nudge, a text-based app that helps users make the best plans in their city.
- Chain Reaction interviews Arianna Simpson, general partner at Andreessen Horowitz, about the firm’s focus on crypto investments.
TechCrunch+
Don’t miss out on our exclusive content, available only to TechCrunch+ subscribers. This week, we take a closer look at:
- Favorites from YC’s Winter 2023 Demo Day
- Climate tech slowdown: Is it still recession-proof?
- A glum Q1 for the global venture capital market
Newsletter Highlights
- China is reportedly open to Elon Musk acquiring TikTok US, sparking a heated debate about the future of social media.
- The "Free Our Feeds" campaign continues to gain momentum, pushing billionaire-backed platforms to rethink their data-handling policies.
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About Us
Welcome to Week in Review, your go-to source for the most important tech news from the past seven days. Our team of expert journalists brings you breaking stories, analysis, and commentary on the industries that matter most. Stay tuned for more updates, and don’t forget to subscribe to our newsletters for exclusive content!
