Rocketship.fm

The tech layoffs continue as Stripe slashed 1,000 jobs, or 14% of its workforce, and Lyft and Affirm joined the fray. Twitter recently made big cuts as Elon Musk cut the Twitter workforce in half, and now Meta is getting ready to announce significant cuts later this week.  Leaders dramatically overestimated tech’s pandemic-fueled boom. Or, they thought they had more to do with the boom than they actually did. Even as Covid-19 shut down much of the economy, the digital realm continued to thrive as everyone was stuck at home using their devices. This meant more time absorbing ads and buying things online. But as we know, that trend didn’t last as the physical world has opened up for people in the last year or so. We'll discuss the Binance & FTX fire sale in what might be the savviest business move of the year by Binance CEO Changpeng Zhao. Elizabeth Holmes heads to sentencing and possibly jail time for her role in defrauding investors at Theranos, and Tiger Global Management loses 54% on the year. Finally, we'l