Adobe buys Figma, Uber gets hacked, and Google shrinks Area 120 • TechCrunch

Hi, close friends! Welcome again to Week in Evaluate, the newsletter where we swiftly sum up the most browse TechCrunch tales from the past sevenish times. The aim? Even if you’ve had a active week, a fast skim of WiR really should hold you in the (tech) loop.

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This week was a bit all about the position, with yet another massive story breaking every single pair hrs. Let us just fall correct in, shall we?

most browse

  • Cutbacks at Space 120: Space 120 is Google’s in-property incubator, meant to let Googlers with most likely huge ideas faucet the mega company’s assets to switch explained concepts into something authentic. This 7 days, even so, Google verified that it is slashing 50 % of the Place 120 projects at this time in development, with the incubator “shifting its focus” to AI projects. Impacted staff members are becoming presented till early 2023 to obtain a new position within just Google.
  • Adobe purchases Figma: In 1 of the largest tech acquisitions of all time, Adobe introduced this week its intent to obtain the collaborative/net-based mostly design instrument Figma for a whopping $20 billion. Figma saw absurd progress throughout the pandemic, as several, several tech teams went distant and adjusted their workflows appropriately. Even for a firm as huge as Adobe, profitable that aspect of the workflow back again would’ve been tricky.
  • Layoffs at Twilio: Twilio confirmed this week that it’ll lay off about 11% of its workforce — someplace among 800 and 900 persons — as the company focuses on reaching profitability in 2023.
  • iOS 16 goes reside: As expected, iOS 16 rolled out to Apple units this 7 days. Want our feelings on it? Uncover Romain’s review right here. Want to know all of the not-so-obvious new functions hiding in just the update? Check out out Ivan’s list. Most of our viewers feel to be on the lookout for intriguing methods to use those new Lock Display widgets.
  • South Korea issues an arrest warrant for Terraform Labs’ founder: “A court in South Korea has issued an arrest warrant for Do Kwon, the founder of Terraform Labs,” writes Manish, “escalating its probe into the crypto ecosystem whose two tokens dropped $40 billion in worth in a span of times earlier this 12 months.”
  • Uber hack: Late Thursday evening, Uber confirmed that it is “responding to a cybersecurity incident” after a hacker seemingly breached the company’s interior network, with the hacker reportedly asserting their presence (and protesting how Uber pays its motorists) ideal in Uber’s Slack.

audio roundup

If you like TechCrunch for your eyes, examine out TechCrunch for your ears. This week in TechCrunch podcast land, the Fairness crew talked about how Y Combinator has advanced in recent decades, the Chain Response crew “dug into the institutional embrace of blockchains by stodgy monetary powerhouses,” and the Found team went all “greatest hits” by revisiting an job interview with Figma founder Dylan Field from earlier this yr.


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