Maria Heeter / The Information:
Online banking startup Chime is laying off 12% of its 1,300-person workforce, citing “current market dynamics”; it had a $25B valuation in August 2021 — Online banking startup Chime, which before this year’s market meltdown had been widely seen as a candidate …
Paul Sawers / TechCrunch:
Loft Dynamics, which makes a VR training simulator for helicopter pilots, has raised $20M in a round led by Craft Ventures, Sky Dayton, and Up Partners — Loft Dynamics, a Swiss startup creating virtual reality (VR) simulation technology for helicopter pilots, has raised $20 million in funding …
Ina Fried / Axios:
Six robotics companies, including Boston Dynamics, pledge not to support the weaponization of their products, say adding weapons will erode trust in robots — Several robotics companies, including Boston Dynamics, are pledging not to support the weaponization of their products and are calling …
Kirsten Korosec / TechCrunch:
Internal email: autonomous delivery startup Nuro is laying off 300 people, or 20% of its workforce, to preserve cash, and says it has $1B on its balance sheet — Nuro, the autonomous vehicle delivery startup backed by Softbank, Google and Tiger Global Management, is laying off about 300 people …
Danny Nelson / CoinDesk:
US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions” — The crypto exchange is laying off 1,100 people, sending its headcount back 12 months. — Crypto exchange Kraken said Wednesday …
Bailey Lipschultz / Bloomberg:
Coinbase’s stock closed down 9.54%, Robinhood closed down 13.76%, and MicroStrategy closed down 19.58%, amid a meltdown in crypto markets — Shares of Robinhood Markets Inc. and Coinbase Global Inc. took another beating Wednesday as the meltdown in crypto markets rattled investors amid doubts …
Adam Cochran / @adamscochran:
[Thread] A detailed timeline of FTX’s meltdown, starting in September: SBF’s jab at CZ, CoinDesk’s article, CZ sells FTT, “FTX is fine”, Alameda woes, and more — 1/82 I’ll be pinning this detailed timeline, as my final piece covering this topic, as now the case is closed in my mind. This was a crime plain and simple and I’ll put no more wind in this criminals sails: FTX: Meltdown. The definitive and chronological thread.
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