Hello friends! It is that time again. Another week has gone by, which means another issue of Week in Review — the newsletter where we summarize the top stories from the past seven days on the front page of londonbusinessblog.com. Register here!
The main story this week revolved around a new batch of documents detailing how (and how often) the Department of Homeland Security uses third-party data brokers to obtain potentially sensitive location information, while “evading the legal process that government officials normally have to go through.” .” A privacy law aptly named “Fourth Amendment Is Not For Sale” is in the works, requiring agencies to get a warrant for this data, but it’s still in the initial phase.
What else did people read on londonbusinessblog.com? Here’s a handful of this week’s most-read posts:
Solar energy for your balcony: Do you have a balcony that is bathed in sunlight and do you want to switch to sustainable energy? That’s the idea behind these vertical solar panels designed to be attached directly to the balustrade. Mike Butcher spoke to WeDoSolar, a team created by a Ukrainian entrepreneur to “seal Europe from Russian gas,” to hear their story.
Google pauses hiring: Last week, Google announced it would slow its hiring pace for the second half of 2022; now the company says it will outright freeze hiring for the coming weeks “to allow teams to prioritize their roles and hiring plans for the rest of the year.”
Netflix loses customers: The good news? Netflix lost fewer customers than forecast this quarter. The bad news? It still lost nearly a million customers, representing “the largest quarterly loss in the company’s history.”
OpenAI extends access to DALL-E 2: DALL-E 2, OpenAI’s tool for generating brand new (and often impossibly good, albeit wildly surreal) text prompt images, will be available to a million new users in the coming weeks. The company also announced pricing for the (until now free) tool, and it basically boils down to “free if you want to mess with it once in a while, but expect to pay if you use it a lot.”
Tesla is dumping most of its Bitcoin: Last year, Tesla announced that it had acquired $1.5 billion in Bitcoin. Bitcoin’s price has been up and down (mostly down) since then, and it looks like the company wants to get off this rollercoaster at least partially; in its most recent earnings report, Tesla announced that it has sold 75% of its Bitcoin holdings.
Slack Price Rise: Inflation comes before everything! Milk! Meat! and now… Weak? This week, the company announced its first-ever price increase since its launch in 2014, increasing the price per user by about 60 to 75 cents per month (depending on whether you pay monthly/annually). They also change the way free plans work a bit; if you’re part of smaller/less active Slack communities that use the free plan, know that posts won’t stick around as long.
Podcasts podcasts podcasts!
Want a recap of everything that’s been happening in the world of TC podcasts lately? Check out Matt’s weekly podcast overview. Here’s some of what happened:
- On londonbusinessblog.com Live, Brian Heater talks to Ayanna Howard (dean of Ohio State University College of Engineering) and Ayah Bdeir (founder of littleBits) about the future of robotics and how to get more kids into the field.
- On Chain Reaction, Lucas and Anita talk about the layoffs at OpenSea, Binance looking to gain ground in the US while Coinbase stumbles, and the latest project from the founders of Bored Apes.
- On The londonbusinessblog.com Podcast, Darrell Etherington is joined by TC climate writer Harri Weber to hear about the challenges Tesla faces in its bid to install 1,000 solar roofs a week.
Oh! And if you’re free on Tuesday, July 26 at noon Pacific and interested in the core of startup economics, tune in to our “WTF is a 409A?” Twitter space and find out why lowering your company’s valuation is actually a good thing.
londonbusinessblog.com+. Are you already a member? No? I know, I know – paywalls are a bummer. But this paywall section of our site helps us get the words flowing and, crucially, lets us dig deep into the things our loudest readers tell us they want to see more. Things like:
Stripe’s new rating, explained: Speaking of 409As and downgrades, Alex Wilhelm dives into why Stripe lowered its internal valuation from about $95 billion to $74 billion.
Fundraising Tips for 2022: With dozens and dozens of investor meetings behind him, Yamin Durrani, CEO of Kami Vision, has insights to take a spin in the current climate.
A look at Arkive’s $9.7 million seed deck: Are you working on the slide deck of your startup and need some inspiration? In the latest installment of his popular Pitch Deck Teardown series, Haje takes a look at the card game that helped Arkive — described as the “world’s first decentralized physical museum” — to reach a $9.7 million seed round. Close.