Week in Review: The Top Stories from TechCrunch
Welcome back to Week in Review, the newsletter where we quickly recap the top stories from TechCrunch this week. Want it in your inbox every Saturday? Sign up here.
Facebook for Old People?
If you’ve got a teenager around the house, you’ve probably heard them say as much. The most read story this week is on a Pew study that suggests this generation of teens has largely abandoned the platform in favor of Instagram, YouTube, TikTok, and other social media platforms.
- 71% vs 32%: In 2014, around 71% of teens used Facebook. Fast-forward to 2022, and that number has dropped down to a mere 32%.
- Teenage trends: This shift towards other social media platforms is not just about functionality; it’s also about community and self-expression.
Other Top Stories
- Mark Cuban Sued Over Crypto Platform Promotion: A group of Voyager Digital customers filed a class-action suit in Florida federal court against Mark Cuban, as well as the basketball team he owns, the Dallas Mavericks. They’re alleging that their promotion of the crypto platform resulted in more than 3.5 million investors losing $5 billion collectively.
- A Troubling Layoff Trend: Tech layoffs might be showing signs of slowing, but Natasha M points out a troubling trend: some companies are announcing layoffs only to announce another round of layoffs just weeks or months later.
- SpaceX Launches South Korea’s First Moon Mission: South Korea has launched its first-ever lunar mission – a lunar orbiter launched atop a SpaceX Falcon 9 rocket. The plan is to land on the surface by 2030.
- Twilio Gets Hacked: It’s unclear exactly what data was taken, but Twilio says that at least 125 customers’ data was accessed after some of its employees were tricked into handing over their corporate login credentials via an intense SMS phishing attack.
- Amazon’s Bizarre New Show: Think "America’s Funniest Home Videos" but made up of user-submitted footage from Ring security cameras. By now, most people probably realize that their every step is recorded on a security camera or three – but doesn’t embracing it as Entertainment like this feel kind of…icky?
- Haus Hits Hard Times: Haus, a company that ships specialized low-alcohol drinks direct to consumers, is looking for a buyer after a major investor backed out of its Series A. The challenge? Investor diligence for an alcohol company can take months, and Haus just doesn’t have the cash to support continued operations at this time.
What Lies Behind the Paywall?
A lot of really good stuff! Here’s what TechCrunch+ subscribers are reading:
- Failed Fintech Startup Bench Racked Up Over $65 Million in Debt: Documents reveal that the failed fintech startup, which shut down last year, accumulated over $65 million in debt.
- Mark Cuban is Ready to Fund a TikTok Alternative Built on Bluesky’s AT Protocol: Sarah Perez breaks down the latest news in the social media landscape.
- Maxwell Zeff: In an AI copyright case, Zuckerberg turns to YouTube for his defense. Kyle Wiggers has more.
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