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Comfortable Friday! Be part of us in wishing Lorenzo a really heat welcome to the group! He’s becoming a member of our crack group of cybersecurity reporters, working alongside Zack and Carly. He simply printed his first article on TC, about T-Cell reporting a hacker accessed private information of 37 million clients. Welcome aboard!!
Get pleasure from your weekend! — Christine and Haje
The TechCrunch Prime 3
Alphabet spells out layoffs: With all that discuss tech layoffs up to now couple months, it was solely a matter of time earlier than we noticed one thing from Google’s father or mother, Alphabet. The search engine big introduced it was slicing 6% of its workforce, which impacts 12,000 individuals. And just like the others, CEO Sundar Pichai took his flip explaining how the corporate “employed for a unique financial actuality,” Paul writes.
Recreation off: With gaming being as fashionable as it’s, this subsequent layoff story is a little bit of a shock, although not completely surprising since media firms are being hit arduous. Leisure firm Fandom, which publishes content material beneath Large Bomb, GameSpot and Metacritic, laid off roughly 10% of its workers throughout these publications, Ivan experiences.
It’s all concerning the cash, cash, cash: Social media influencers in India need to disclose promotional content material, aka paid promotions, to the federal government, and now the Division of Shopper Affairs has launched some pointers on how to try this. Jagmeet has extra.
Startups and VC
A $32 million seed spherical for Chris DeWolfe’s latest gaming firm could look like a throwback to frothier instances, like … 2021. However that’s how a lot PLAI Labs simply raised in a deal led by Andreessen Horowitz (a16z), experiences Connie. She factors out that that’s a whole lot of moolah in a risky market, even coming because it does from two separate a16z funds: the agency’s $600 million debut video games automobile and its $4.5 billion crypto fund, each of which have been introduced final Could.
Right here’s one other handful for ya:
4 buyers focus on the following huge wave for various seafood startups
Picture of WildType’s sushi-grade, lab-grown salmon. Picture Credit: Arye Elfenbein/WildType
There’s a whole lot of hype round plant-based burgers and nuggets, however various seafood merchandise are attracting extra consideration — and funding — from buyers lately.
“Greater than $178 million was pumped into various seafood within the first half of 2022, and the market’s worth is poised to achieve $1.6 billion over the following 10 years,” she experiences.
To be taught extra about this maturing area, Christine Corridor surveyed 4 buyers to get their ideas on regulation, the “distinctive challenges” firms face as they attempt to attain scale, and the way they’re approaching development and threat:
Kate Danaher, managing director of ocean and seafood, S2G Ventures
Friederike Grosse-Holz, director, Blue Horizon
Christian Lim, managing director, SWEN Capital Companions’ Blue Ocean
Amy Novogratz, co-founder and managing associate, Aqua Spark
Three extra from the TC+ group:
TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You possibly can join right here. Use code “DC” for a 15% low cost on an annual subscription!
Large Tech Inc.
Okay, no extra layoff discuss. We’re going to have some enjoyable, as a result of it’s Friday, rattling it!
Are you continue to taking part in Wordle? Or maybe you switched to its clone Quordle. Nicely, Quordle was acquired by Merriam-Webster, Paul experiences. If you happen to’ve by no means tried it, Quordle is much like the fundamental Wordle idea, guessing a phrase in a certain quantity of tries, besides there are 4 five-letter phrases to guess directly, with simply 9 tries. It could be simply the factor to heat you up on a chilly winter’s evening.
Right here’s 4 extra in your Friday enjoyment:
Your flip: Amanda writes that after weeks of backlash and protest from content material creators and followers, Dungeons & Dragons’ writer decided to place the sport beneath a Artistic Commons license.
An abrupt goodbye: After just lately slicing off third-party shoppers, together with Tweetbot and Twitterific, Twitter went forward and formally banned them, Kyle writes.
ICYMI: Netflix founder Reed Hastings stepped down as co-CEO however will stay on the board, Taylor writes. In the meantime, Netflix is eyeing free streaming “FAST” channels as a chance to develop its adverts enterprise, Lauren experiences.
Up, up, and away: As Darrell writes, Canada is getting up off the sidelines and becoming a member of the area race, saying it desires to help industrial area launches.