This Week in Startups: Snap drops 40%, Layoffs at Gorillas & Klarna, Adam Neumann's new startup, Coinbase using Principles | E1468

First, we break down SNAP dropping over 40% after lowering earnings estimates (4:43). Then we cover some layoffs at instant-delivery startup Gorillas AND BNPL player Klarna (29:18). Next, we talk about Adam and Rebekah Neumann co-founding a tokenized crypto carbon marketplace called Flowcarbon (1:00:02). We wrap on Coinbase’s new Ray Dalio-inspired employee rating system (1:10:36).

(00:00) Jason and Molly tee-up today’s news topics!

(04:43) Snap down ~45% in one day, largest single day drop we can remember

(11:03) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(12:19) Efficiency, pausing hiring, and cutting new projects in the downturn

(28:03) Thorne - Personalized, scientific wellness. Go to https://Thorne.com/u/TWIST

(29:18) More tech layoffs at delivery service Gorillas

(37:09) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist

(38:22) More tech layoffs at buy-now-pay-later service Klarna

(55:30) David Sacks’ thread about founders thinking about positioning themselves in a downturn

(57:30) Amazon’s share of US eCommerce Sales hit All-Time High of 56.7% in 2021

(1:00:02) Startup of the Day: Adam + Rebekah Neumann have backed a blockchain-based carbon credits company Flowcarbon

(1:10:36) Coinbase is trying a new meeting feedback rating system

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