Tech Brew Ride Home Mon. 07/18 – It’s Vibe Shifts All The Way Down
Jul 18, 2022
The tech landscape faces significant shifts as Coinbase grapples with market challenges while Snapchat debuts its desktop version. Rapid delivery startups tumble, drawing comparisons to the dot-com crash. Adam Neumann's crypto venture hits pause amid these pressures, highlighting the intersection of climate initiatives and cryptocurrency. Meanwhile, cities across the U.S. are incentivizing tech workers to leave Silicon Valley, suggesting a major talent migration that could reshape the industry.
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Snapchat Web Launch
- Snapchat launched a web version for plus users.
- This prioritizes video calls, a feature users spend over 30 minutes daily on.
Coinbase Affiliate Program Shutdown
- Coinbase temporarily shut down its US affiliate program due to market conditions.
- This has sparked concerns about potential solvency issues, despite Coinbase having substantial cash reserves.
Flowcarbon Pauses Launch
- Adam Neumann's crypto startup, Flowcarbon, paused product rollout amidst the crypto crash.
- Flowcarbon and similar startups offer cryptocurrencies backed by carbon offset credits.