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<keyword id="11032237" type="General" weightage="20" keywordseo="thrasio" source="Orion">Thrasio</keyword> Holdings Inc, an aggregator of private brands on <keyword id="18635" type="General" weightage="20" keywordseo="Amazon" source="Orion">Amazon</keyword>, on Friday said it will invest Rs 3,750 crore (nearly $500 million) to acquire leading digital-first brands in India. Thrasio started its Indian innings with acquiring Lifelong Online, a leading domestic online consumer brand, for an undisclosed sum. India is one of the fastest-growing regions for Amazon's third-party marketplace, making it enticing for aggregators. "We couldn't be more excited to work with Lifelong Online and, together, take our proven model to India," said Carlos Cashman, CEO of Thrasio. "In addition to acquiring and growing digital-first businesses, we plan to participate in the 'make in India' movement by transitioning the manufacturing for some of our products to the country," Cashman said. Thrasio has acquired more than 200 brands and raised more than $3.4 billion in funding. Lifelong will now be known as "Lifelong, a Thrasio company" and will be well-positioned to engage with India's more than 750,000 sellers. "We are building a technology-first, next-generation consumer goods company," explained Bharat Kalia, CEO of Lifelong Online. Lifelong Online was founded by Atul Raheja, Varun Grover, and Kalia in 2015. "With lucrative exit options for founders, we hope to encourage even more brands and sellers to join the D2C ecosystem in India," he added. According to the most-recent list from Marketplace Pulse, adding all of the Thrasio brands together, Thrasio would be a top-5 seller on Amazon's marketplace. In fact, Thrasio estimates that 1 in 6 US households has already purchased a Thrasio product via Amazon alone. "India is a unique market with hundreds of thousands of motivated entrepreneurs," said Cashman. Founded in 2018 by Joshua Silberstein and Cashman, Thrasio has a portfolio of tens of thousands of products. "We are thrilled to provide brand owners with the opportunity to successfully sell their businesses as well as to give consumers greater access to quality products. This is a major step in our evolution and a huge opportunity for India's sellers," said Cashman. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/reliance-industries-hdfc-bank-mindtree-vodafone-idea-and-other-hot-stocks-on-january-14/slidelist/88888740.cms">Reliance Industries, HDFC Bank, Mindtree, Vodafone Idea and other hot stocks on January 14</a> <a href="https://www.businessinsider.in/politics/world/news/russia-warns-it-will-sever-ties-with-the-us-if-it-sanctions-putin-over-ukraine-crisis/articleshow/88884832.cms" data-type="tilCustomLink">Russia warns it will sever ties with the US if it sanctions Putin over Ukraine crisis</a> <a href="https://www.businessinsider.in/science/health/news/yes-cats-can-get-covid-19-but-theyre-unlikely-to-become-seriously-ill/articleshow/88887140.cms" data-type="tilCustomLink">Yes, cats can get COVID-19, but they're unlikely to become seriously ill</a>

Amazon aggregator Thrasio will invest half a billion dollars in buying Indian brands

A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Compass to Coinbase.

A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Peloton to Wells Fargo.

<ul class="summary-list"><li>E-commerce software company Swiftline has bought capital provider Yardline from aggregator <keyword id="13090361" type="UNKNOWN" weightage="60" keywordseo="thrasio" source="Orion">Thrasio</keyword>.</li><li>Swiftline has $12 million in Series A funding and provides sellers and aggregators with tools.</li></ul><a href="https://www.swiftline.com/">Swiftline</a>, a software company providing e-commerce businesses a suite of products and services, announced it was launching today, along with its first acquisition.With $12 million in Series A funding, Swiftline has purchased <a href="https://yardline.com/">Yardline</a>, a capital-as-a-service provider for sellers, from major <keyword id="13090358" type="UNKNOWN" weightage="60" keywordseo="amazon-aggregator" source="Orion">Amazon aggregator</keyword> Thrasio for an undisclosed amount, the company reported Tuesday. Ari Horowitz, former senior vice president of strategic partnerships and corporate development at Thrasio, and Tomo Matsuo, former vice president of fintech at Thrasio, founded Yardline in 2020, and it was acquired by Thrasio in 2021. Thrasio will be a non-controlling minority shareholder in Swiftline, the company reported, and Horowitz told Insider that they expect to have the same type of relationship with a number of Amazon and e-commerce aggregators — companies that snatch up brands and use economies of scale to turn them into multimillion-dollar businesses. Anthony Johnson, cofounder and CTO of Swiftline and former CTO of Thrasio, told Insider aggregators use many different tools to run their businesses effectively on Amazon. But those tools, Johnson added, "don't talk to each other or interact, or give a single set of recommendations. Very simple questions like, 'What should I do today?' become incredibly challenging," he added. <div type="image" title="Anthony Johnson" height="902" width="1200" msid="89307809" hostid="261"></div>Swiftline hopes to provide easy-to-use dashboards and tools for e-commerce sellers to get insight into their businesses' performance, as well as recommendations on steps they can take to make them more profitable and when it might be time to consider exiting to an aggregator. A lot of brands and aggregators, Johnson said, "are trying to build the technology in-house, but it's expensive, it's hard, and it takes a specific skill set, which most of them don't have."Information and recommendations provided by Swiftline tools will be informed by data across a wide scope of e-commerce platforms, not just Amazon, and an enterprise version will be designed for use by the aggregators themselves.

New e-commerce software company helmed by former Thrasio CTO launches with a capital-as-a-service acquisition after raising $12 million

<ul><li><keyword id="3556497" type="General" weightage="20" keywordseo="bombay-shaving-company" source="Orion">Bombay Shaving Company</keyword> was in the news for raising a Series C round of funding of Rs 160 crore led by <keyword id="2237913" type="General" weightage="20" keywordseo="malabar-investments" source="Orion">Malabar Investments</keyword>. </li><li>A direct-to-consumer brand, BSC says it aspires to clock Rs 500 crore in net revenue in the next two years.</li><li><keyword id="195814" type="General" weightage="20" keywordseo="deepak-gupta" source="Orion">Deepak Gupta</keyword>, COO, Bombay Shaving Company tells us about the brand’s ambitions, its expansion plans and its marketing strategies.</li></ul>Last week, Bombay Shaving Company (BSC) was in the news for raising a Series C round of funding of Rs 160 crore led by Malabar Investments. A direct-to-consumer brand, BSC says it aspires to clock Rs 500 crore in net revenue in the next two years. India has a massive retail market that is projected to grow from $ 779 billion in 2019 to $ 1,407 billion by 2026 and more than $ 1.8 trillion by 2030, according to Kearney Research. Meanwhile, the online shopping segment had been witnessing a healthy growth and Covid came in and gave it just the push it needed. Within the online segment too, people are now looking for niche, more personalized products, also brands that are organic, give back to the environment or support causes, which has helped the growth of the D2C industry in the last few years. In fact, India’s D2C brands are growing across categories and it is estimated to become a $100 billion addressable market by 2025, according to Avedus. Riding on this trend, brands like BSC have been able to cast its net wide. To understand its journey so far and understand where he wants to take the brand in the next few year, we spoke to Deepak Gupta, COO at Bombay Shaving Company. He told us about the brand’s ambitions, its expansion plans and its marketing strategies. Excerpts: Q) We have just entered a new calendar year but let’s take a look back at the year that went by. How did the brand fare in 2021? In 2021, we have grown 3.5X in revenue and have become truly omni-channel. We have seen interest in the brand from smaller cities and towns, and have strategically built and invested in our offline channel presence, with one of the best start-up sales team's in India. Today we are at 25,000 selling points across India. One of the big highlights of 2021 has been the launch of Women's Hair Removal Business, with Bollywood celebrity <keyword id="8493788" type="General" weightage="20" keywordseo="alaya-f" source="Orion">Alaya F</keyword> as our brand ambassador. The women's business is already contributing to 20% of our revenues. Q) BSC has ambitious plans of global expansion… Yes. We are already present in Nepal, Bangladesh etc. and now plan to launch in US, Europe, GCC and Australia, as the brand sees demand, especially from the Indian diaspora. We see the International channel achieving salience for us in a span of 18-24 months, adding 10-15% to our overall company revenue. Q) Since you are already present in Nepal and Bangladesh, how have you been marketing the brand there? How different will your strategy be for Western countries? We have seen a few aspects of the brand resonate consistently across, especially with the Indian diaspora. Firstly, the sentiment of personalized gifting on memorable occasions, and secondly, the ingredient story of our products. Our products are enriched with superfoods and traditional ingredients. Thirdly, we make delightful micro innovations in our products to provide a differentiated experience to our customers, especially in the hair management category. Marketing and brand building on these three levers has worked well for us. Q) What are a few things that have helped BSC gain an edge in the market? We have realized the importance of offline as a channel for our category very early, and are adopting a forward-looking sustainable approach, unlike other <keyword id="11032237" type="General" weightage="20" keywordseo="thrasio" source="Orion">Thrasio</keyword> clones. We also continue to invest in our brand and content creation capabilities in terms of infrastructure and people. We have very short and sharp product conceptualization to GTM cycle, along with a data-driven mindset across everything we do. Q) How big is the men's grooming market in the country and what are the opportunities there? Our total addressable market is upwards of Rs 35,000 crore. We are already a force to reckon with in the hair removal and management space and have huge ambitions to grow our presence exponentially in the next 2 years. Q) Was 2021 a good year for you in terms of revenues? What are your expectations from 2022? We grew 3.5X in 2021 and aspire to clock Rs 500 crore in net revenue in the next 2 years. Q) What do you think it is about in your marketing strategy that you've got right? We are invested in top funnel brand building and awareness, beyond just performance marketing. We have identified brand ambassadors who suit the personality of the brand beautifully. We have a data-driven mindset and leverage D2C as an insights driver to understand changing customer preferences and respond to them swiftly. We are also foraying into hyper local marketing approach, which we had experimented with in 2021 with good success. Q) Going ahead, what are your broad areas of focus as a marketer to build a stronger connect with your consumers? We want to focus strongly on the 'hair removal and hair management' space for both men and women. Our aim is to build brand on the back of strong content, relatable brand ambassadors and memorable ideas. We also plan to scale up innovation in product development and ramp up our offline presence from 25,000 touchpoints to 200,000.

We aspire to clock Rs 500 crore in net revenue in the next 2 years: Deepak Gupta, Bombay Shaving Company

<ul class="summary-list"><li>Start-up Acquco is offering free <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> Model Ys to people who refer <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> sellers it then buys. </li><li>The <keyword id="35621" type="PERSON" weightage="60" keywordseo="e-commerce">e-commerce</keyword> start-up is offering the equivalent $49,990 cash prize for successful referrals. </li><li>Many firms have sprung up in recent years to buy and scale profitable Amazon third-party sellers. </li></ul>An e-commerce company that acquires third-party Amazon sellers is offering a <keyword id="4441623" type="PERSON" weightage="60" keywordseo="tesla-model-y">Tesla Model Y</keyword> or $50,000 cash for every referral that leads to a purchase, suggesting that the market is hotting up further.Acquco <a href="https://www.acqu.co/tesla">announced on its website</a> Wednesday that it wanted to expand its portfolio of Amazon sellers who earn at least $1 million in annual revenue. It's offering up to $10 million worth of <a href="https://www.businessinsider.com/tesla-launches-new-model-y-standard-range-7-seat-option-2021-1?r=US&amp;IR=TIR=T">Tesla Model Ys</a> or an equivalent $50,000 cash prize for referrals."Acquco is looking to grow its portfolio and [is] hoping to reward you along the way," the company says on its promotional webpage. "If we acquire a business that you refer us, we will buy you a Tesla."Amazon sellers are <a href="https://www.businessinsider.com/third-party-amazon-sellers-bought-acquired-thrasio-perch-goja-2021-3?r=US&amp;IR=TIR=T">hot property among retail start-ups</a> looking to package small and medium-sized companies into a larger business they can more easily scale. These third-party sellers <a href="https://sell.amazon.co.uk/sell-online.html?ref_=asuk_soa_rd&amp;ld=SEUKSOAAdGog-Top-kwds_11244339269_121669469689_kwd-1889795844_p_504196533005_c_asret_&amp;gclid=CjwKCAjw3MSHBhB3EiwAxcaEu8535EW-ifpadf5aEw1XcNUoi5BxdfMIbTyUw_PXu8P153lxEbsp2xoCYHMQAvD_BwEQAvD_BwE">take advantage of the enormous reach</a> of Amazon's platform and delivery services.Amazon said in an October <a href="https://press.aboutamazon.com/news-releases/news-release-details/amazon-prime-day-2020-marked-two-biggest-days-ever-small-medium?asc_campaign=commerce-pra&amp;asc_refurl=https%3A%2F%2Fwww.businessinsider.com%2Famazon-third-party-sellers-prime-day-2020-10%3Fr%3DUS%26IR%3DT&amp;asc_source=browser&amp;tag=thebusiinsi-20ebusiinsi-20">press release</a> that its third-party sellers had <a href="https://www.businessinsider.com/amazon-third-party-sellers-prime-day-2020-10?r=US&amp;IR=TIR=T">raked in more than $3.5 billion</a> in sales on its 2020 <keyword id="2936509" type="PERSON" weightage="60" keywordseo="Prime-Day">Prime Day</keyword>, up 60% from the previous year, and were growing at a faster rate than its own <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> business. Aggregator start-ups like <a href="https://www.businessinsider.com/amazon-aggregator-thrasio-acquires-caas-fintech-yardline-capital-2021-6?r=US&amp;IR=TIR=T">Thrasio</a> and <a href="https://www.businessinsider.com/amazon-aggregator-perch-is-launching-a-logistics-network-2021-7?r=US&amp;IR=TIR=T">Perch</a> have sprung up in recent years <a href="https://www.businessinsider.com/how-amazon-seller-sold-business-10-million-aggregator-2021-5?r=US&amp;IR=TIR=T">bring third-party Amazon sellers together</a> to propel their growth. Acquco said on its website that it has so far raised $160 million in venture capital. Read more: <a href="https://www.businessinsider.com/third-party-amazon-sellers-bought-acquired-thrasio-perch-goja-2021-3?r=US&amp;IR=TIR=T">Big firms are popping up to buy third-party Amazon sellers, who made up more than half of the retail giant's $386 billion in net sales in 2020. Here are the biggest players in this fast-growing trend.</a>Acquco CEO Raunak Nirmal, a former Amazon employee who founded Acquco last year, <a href="https://www.cnbc.com/2021/07/15/amazon-seller-aggregator-acquco-giving-away-tesla-model-y-for-referrals.html">told CNBC in an interview</a> Thursday that the company had received about 200 referrals since the Tesla scheme launched the day before. He told CNBC that Acquco was prepared to spend up to $10 million on Teslas for successful referrals. Prices for Model Ys start between $47,000 and $53,000, according to <a href="https://www.tesla.com/modely/design#overview">Tesla's website</a>. Acquco did not immediately respond to Insider for comment.

A start-up that’s on the hunt to buy third-party Amazon sellers is offering Tesla Model Ys and $50,000 cash prizes for referrals

<ul class="summary-list"><li>Longtime <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> executive Bill Wafford is joining the c-Suite of <keyword id="11032237" type="UNKNOWN" weightage="60" keywordseo="thrasio">Thrasio</keyword>.</li><li>Thrasio is dedicated to buying up and scaling successful <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> brands.</li><li>Are you an Amazon seller with a story to share? Email acain@insider.com.</li></ul>Thrasio has brought in a longtime retail executive to serve as its chief financial officer, as the company seeks to buy up even more of Amazon's increasingly lucrative <keyword id="2635967" type="PERSON" weightage="60" keywordseo="third-party-sellers">third-party sellers</keyword>.<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3116271-1&amp;h=1766852646&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3098721-1%26h%3D1177294980%26u%3Dhttps%253A%252F%252Fwww.thras.io%252F%26a%3DThrasio&amp;a=Thrasiohrasio&amp;a=Thrasio" target="_blank" rel="nofollow noopener">Thrasio</a> is an e-commerce business that focuses on acquiring and scaling third-party brands native to Amazon. The company touts itself as "the largest acquirer of Amazon FBA brands," with a roster of 100 "top-rated brands" and 15,000 products.Read more: <a href="https://www.businessinsider.com/third-party-amazon-sellers-bought-acquired-thrasio-perch-goja-2021-3">Big firms are popping up to buy third-party Amazon sellers, who made up more than half of the retail giant's $386 billion in net sales in 2020. Here are the biggest players in this fast-growing trend.</a>Amazon sellers have blossomed into a major business over time, a <a href="https://www.businessinsider.com/third-party-amazon-sellers-bought-acquired-thrasio-perch-goja-2021-3">trend</a> highlighted by Thrasio's <a href="https://www.businessinsider.com/thrasio-company-buys-amazon-sellers-now-worth-over-1-billion-2020-7">fast growth</a>. During the online giant's most recent Prime Day, third-party sales spiked to over <a href="https://www.businessinsider.com/amazon-third-party-sellers-prime-day-2020-10">$3.5 billion</a>, beating out the company's retail business.On the hiring front, Bill Wafford will now be joining the company's C-suite, as CFO. He previously served as the CFO of JCPenney and The Vitamin Shoppe, and his résumé also features companies like Target and Walgreens. "Bill is the perfect addition to our visionary and innovative management team with deep experience in ecommerce, operations, technology, and M&amp;A - a team more than ready to catapult us through the next chapter of this amazing journey," Thrasio co-founder and co-CEO Josh Silberstein said in a statement to Insider. The company also <a href="https://www.prnewswire.com/news-releases/thrasio-appoints-cpg-industry-veteran-as-cfo-and-brings-total-equity-raised-in-q1-21-to-850-million-301260536.html">announced</a> that it's raised $1.35 billion since December. Its latest $100 million Series C tranche was led by Advent International, a private equity firm. "Thrasio's trajectory and the speed at which it has achieved growth is impressive to say the least, especially how they've capitalized on the market changes that have occurred over the last twelve months," said Bill Wafford, Chief Financial Officer. "I've been delighted to discover an energizing, team-minded culture that embraces experimentation and adaptability. I'm thrilled to take on the role to prepare the organization for its next phase of growth." Are you an Amazon seller with a story to share? Email acain@insider.com.

Thrasio, the giant firm buying up Amazon 3rd-party sellers, adds JCPenney exec as CFO and $100 million in new funding

Good morning, readers. Hallam Bullock, an editor in London, here. An inventor regretting their creation is a tale as old as time. Victor Frankenstein. The designer of Microsoft's <a href="https://www.businessinsider.com/creator-microsoft-clippy-assistant-was-so-embarrassed-annoying-2023-6">"Clippy" assistant</a>. And now, it seems, Sam Altman. The OpenAI CEO says he is <a href="https://www.businessinsider.com/openai-ceo-sam-altman-says-he-is-losing-sleep-over-chatgpt-2023-6">losing sleep</a> over the fear that "we already have done something really bad by launching ChatGPT." For many, AI has become the <a href="https://www.businessinsider.com/jobs-lost-in-may-because-of-ai-report-2023-6">stuff of nightmares.</a> Amazon, too, is said to be "<a href="https://www.businessinsider.com/amazon-chatgpt-response-scared-crowdsourcing-hackathon-openai-microsoft-2023-6">really scared</a>" by ChatGPT. That's where we kick things off today. If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here. </a><a href="https://www.businessinsider.com/amazon-chatgpt-response-scared-crowdsourcing-hackathon-openai-microsoft-2023-6"></a>1. Amazon is rushing to respond to ChatGPT. When ChatGPT launched, Amazon managers asked staff for ideas on how to leverage the chatbot at work. Some of those ideas were shared in an internal document that lists 67 potential use cases for ChatGPT. <a href="https://www.businessinsider.com/amazon-chatgpt-response-scared-crowdsourcing-hackathon-openai-microsoft-2023-6">Insider obtained a copy</a>. <ul><li>The document covered everything from auto-generating software code and marketing materials to providing better customer support.</li><li>"Amazon must be really scared about being late on all of this," an Amazon employee told Insider. "Everything is 'ChatGPT' and it feels incredibly rushed."</li><li>Our chief tech correspondent, Eugene Kim, has explored some of the ideas suggested in the document — and even some which already appear to be in the works, including a ChatGPT-type search bar for Amazon shoppers.</li></ul><a href="https://www.businessinsider.com/amazon-chatgpt-response-scared-crowdsourcing-hackathon-openai-microsoft-2023-6">Inside Amazon's scramble</a>.In other news<a href="https://www.businessinsider.com/spacex-newest-employee-14-years-old-kairan-quazi-elon-musk-2023-6"></a><div type="image" title="Kairan Quazi wearing a white collared shirt and crossing his arms whilst sat in a red chair" height="3107" width="4142" msid="100938502" hostid="261" sizebytes="460280"></div>2. The newest employee at Elon Musk's SpaceX is just 14. The young prodigy will be joining SpaceX's Starlink division as a software engineer, after he studied computer science and engineering at the age of 11. <a href="https://www.businessinsider.com/spacex-newest-employee-14-years-old-kairan-quazi-elon-musk-2023-6">Read why he got the job</a>. 3. Inside LA Tech Week. Taking place just 10 months after last year's event, the return of LA Tech Week served as the more polished but lower-energy summer sequel, Insider's Ben Bergman writes. <a href="https://www.businessinsider.com/la-tech-week-gloomy-tech-market-2023-6">What it was like</a>.4. We've created a grim list no company wants to be on. Using data from secondary market activity, we've compiled a list of the biggest unicorn losers of 2023. Thrasio plunged around 60% in value this year, but that doesn't even earn it the top spot. <a href="https://www.businessinsider.com/here-are-the-20-startups-that-have-plunged-the-most-in-value-2023-5">See the full list</a>. 5. Only 26% of Meta employees are confident in the company's leadership. That's according to The Washington Post, who reported that morale is falling after months of layoffs and spending cuts at the company. <a href="https://www.businessinsider.com/meta-employees-lose-confidence-company-leadership-mark-zuckerberg-layoffs-report-2023-6">More here</a>6. You might not like it, but Netflix's password-sharing crackdown is off to a great start in the US. In the first six days after the clampdown went into effect, Netflix had "the four single largest days of US user acquisition" since analytics company Antenna has tracked it. <a href="https://www.businessinsider.com/netflix-password-sharing-crackdown-success-drives-account-sign-ups-data-2023-6">More here</a>.7. Nearly 3,500 subreddit forums are planning a 48-hour blackout today. Users are protesting Reddit's new pricing policy that charges third-party apps for using its API. <a href="https://www.businessinsider.com/biggest-subreddits-affected-by-48-hour-blackout-list-private-2023-6">Click here</a> for the biggest subreddits that won't be available during this time. <a href="https://www.businessinsider.com/reddit-users-plan-blackout-protest-new-pricing-policy-2023-6">Read more on the blackout</a>.8. Ever wondered how an engineer spends their paycheck? This 39-year-old spends her $169,000 salary on Xbox, therapy, coffee, and skincare. <a href="https://www.businessinsider.com/recession-proof-spending-millennial-money-salary-how-to-spend-2023-6">Check out all of her spending habits</a>. Odds and ends:<a href="https://www.businessinsider.com/apple-craig-federighi-guitar-solo-lick-wwdc-keynote-real-2023-6"></a><div type="image" title="Craig Federighi, Apple’s vice president of software engineering, shown with guitar" height="1525" width="2034" msid="100938503" hostid="261" sizebytes="82256"></div>9. An Apple exec showed off his guitar skills. During the company's Worldwide Developers Conference, Craig Federighi, Apple's senior vice president of software engineering, stole the show with a guitar solo. But many didn't believe it was real — <a href="https://www.businessinsider.com/apple-craig-federighi-guitar-solo-lick-wwdc-keynote-real-2023-6">so he did it again</a>. 10. The 54 best Father's Day gifts. Whether it's for Dad, Grandpa, or the father figure in your life, we've pulled together a list of budget-friendly products that play into their passions to luxurious splurges they'd never think to treat themselves to. <a href="https://www.businessinsider.com/guides/gifts/best-fathers-day-gifts">The full guide</a>. Curated by Hallam Bullock in London. (Feedback or tips? Email <a href="mailto:hbullock@insider.com" target="_blank" rel="nofollow noopener">hbullock@insider.com</a> or tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>). Edited by Jack Sommers.

10 Things in Tech: Amazon's AI scramble

Layoffs keep happening across the tech industry. Oracle is one of the latest firms to start cutting staff, with sources confirming it's begun <a href="https://www.businessinsider.com/oracle-started-laying-off-us-employees-more-cuts-expected-2022-8">laying off more US employees</a>. And as of July, at least <a href="https://www.businessinsider.com/tech-industry-layoffs-tesla-coinbase-facebook-2022-7">30,000 tech workers</a> lost their jobs so far in 2022. I know you've read the reports of these layoffs. Today, though, we're taking a look at a different side of the process: what happens next. I'm Jordan Parker Erb, and I'm going to walk you through it.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app <a href="https://link.insider.com/click/27645591.160803/aHR0cHM6Ly93d3cuaW5zaWRlci5jb20vYXBwP25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3Bf9c9aa56">here.</a><a href="https://www.businessinsider.com/what-should-you-do-laid-off-from-your-job-severance-2022-7"></a>1. So you got laid off. Now what? In the past few weeks, we've seen layoffs at companies from <a href="https://www.businessinsider.com/more-netflix-layoffs-hundreds-jobs-cut-2022-6">Netflix</a> and <a href="https://www.businessinsider.com/twitter-layoffs-recruiting-team-elon-musk-takeover-spam-bot-2022-7">Twitter</a> to <a href="https://www.businessinsider.com/inside-coinbase-layoffs-crypto-employees-spend-salaries-overhire-bitcoin-2022-6">Coinbase</a> and <a href="https://www.businessinsider.com/elon-musk-tesla-laying-off-3-percent-total-workforce-2022-6">Tesla</a>. We spoke with career coaches and experts who shared what to do if you've been laid off.<ul><li>Step one: <a href="https://www.businessinsider.com/what-should-you-do-laid-off-from-your-job-severance-2022-7">Do nothing</a> (for a little while). Two career coaches said the first thing to do after being laid off is take a step back and allow yourself time to process. </li><li>If you can, seek legal counsel to help review any agreements your company asks you to sign. Then, <a href="https://www.businessinsider.com/what-should-you-do-laid-off-from-your-job-severance-2022-7">negotiate the terms of your departure</a>. Once you start the job hunt, tap into your network — and consider posting about your situation on social media.</li><li>Ready to take a cue from Beyoncé and <a href="https://www.businessinsider.com/career-advice-live-like-beyonce-break-my-soul-great-resignation-2022-6">begin your career "Renaissance"</a>? Here's how to<a href="https://www.businessinsider.com/how-to-overcome-the-stigma-of-layoffs-find-new-job-2022-7"> look to your network for opportunities</a> and regain your confidence.</li></ul><a href="https://www.businessinsider.com/tech-companies-still-hiring-engineers-tech-slowdown-2022-5">Plus, check out some of the tech companies that are still hiring.</a>In other news:<a href="https://techcrunch.com/2022/07/28/twitter-is-increasing-the-price-of-twitter-blue-from-2-99-to-4-99-per-month/#:~:text=Twitter%20is%20increasing%20the%20price%20of%20its%20subscription%20service%2C%20Twitter,will%20have%20to%20pay%20more."></a><div type="image" title="The Twitter app logo." height="1782" width="2377" msid="93297745" hostid="261" sizebytes="808776"></div>2. Twitter Blue is about to get more expensive. Starting in October, existing users will see the cost of Twitter's subscription service rise <a href="https://techcrunch.com/2022/07/28/twitter-is-increasing-the-price-of-twitter-blue-from-2-99-to-4-99-per-month/#:~:text=Twitter%20is%20increasing%20the%20price%20of%20its%20subscription%20service%2C%20Twitter,will%20have%20to%20pay%20more.">from $2.99 a month to $4.99 a month</a>. In other Twitter news, the company is probing associates of Elon Musk — including investors Chamath Palihapitiya and David Sacks — in <a href="https://www.washingtonpost.com/technology/2022/08/01/musk-twitter-subpoena/">far-reaching legal requests about his $44 billion takeover deal</a>.3. What it was like to be laid off by Amazon aggregator Thrasio. An employee who was laid off by Thrasio in May said the experience was panic-inducing — but ended up being <a href="https://www.businessinsider.com/laid-off-amazon-aggregator-thrasio-blessing-focus-side-hustle-2022-8">"the best thing that could've happened."</a>4. The cross-chain token bridge Nomad has been drained of nearly $200 million in funds in a security exploit. On Monday, hundreds of potential hackers systematically removed almost all of the bridge's $190 million in funds in just a matter of hours. As per Cointelegraph, <a href="https://cointelegraph.com/news/nomad-token-bridge-drained-of-190m-in-funds-in-security-exploit">only $651.54 remains in the wallet</a>.5. Digital-health startup Calibrate's CEO announced layoffs on a Zoom call. Minutes after the call ended, the roughly 156 laid-off workers' company laptops were automatically rebooted and wiped. Insiders recount the layoffs, <a href="https://www.businessinsider.com/calibrate-mass-layoffs-zoom-call-healthcare-isabelle-kenyon-restructure-jobs-2022-7">which some called "callous" and "cruel."</a>6. Elon Musk's dad says he's not proud of Elon alone. On an Australian radio show, Elon Musk's father said the whole Musk family has done "a lot of things for a long time," but added that Elon "sort of really surpassed the mark." <a href="https://www.businessinsider.com/errol-musk-elon-dad-not-proud-family-done-things-interview-2022-8">Read more comments from Musk's dad.</a>7. Rapid-delivery startups boomed in Europe. Why couldn't they make it in the US? Analysts and industry experts said that while the ultra-fast delivery model was a hit in Europe, it neglected to consider Americans' shopping habits — like buying in bulk. <a href="https://www.businessinsider.com/why-rapid-delivery-grocery-startups-couldnt-hack-the-us-analysts-2022-7">Why the "ultrafasts" would never stick in the US.</a>8. Leaked documents show Oracle has reorganized its all-important cloud unit. The top exec running the operations and support organization has also departed, <a href="https://www.businessinsider.com/oracle-top-exec-leaves-stripe-oci-cloud-reorg-2022-8?r=US&amp;IR=T">according to internal emails viewed by Insider</a>. Odds and ends:<a href="https://www.businessinsider.com/how-to-stop-spam-texts"></a><div type="image" title="silhouette of woman using phone" height="2728" width="3637" msid="93297746" hostid="261" sizebytes="120530"></div>9. How to identify fake text messages that are likely scams. We broke down seven ways<a href="https://www.businessinsider.com/how-to-identify-a-fake-text-message"> to spot a scam</a> — like checking for grammar and spelling mistakes — and five ways<a href="https://www.businessinsider.com/how-to-stop-spam-texts"> to stop spam messages or robotexts</a>.10. Ford wants to let customers buy EVs online. CEO Jim Farley hopes that letting customers order electric vehicles online could help the carmaker compete with its rivals like Tesla. <a href="https://www.businessinsider.com/ford-online-electric-vehicles-tesla-sales-2022-8">More on Ford's vision to sell EVs to customers "in their bunny slippers."</a>What we're watching today:<ul><li>Uber, Airbnb, PayPal, and others are reporting earnings. <a href="https://markets.businessinsider.com/earnings-calendar">Keep up with earnings here.</a></li><li>The 2022 <a href="https://flashmemorysummit.com/">Flash Memory Summit</a> starts today.</li></ul>Keep updated with the latest tech news throughout your day by checking out<a href="https://link.chtbl.com/therefresh"> The Refresh from Insider,</a> a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

So you've been laid off from a tech company. What's next?

Hi there. This morning we're unveiling our list of <a href="https://www.businessinsider.com/seed-100-best-early-stage-investors-2022-5">the top US seed investors</a>, and introducing you to <a href="https://www.businessinsider.com/metaverse-land-real-estate-group-company-advertising-landlord-tokens-2022-4">a metaverse landlord</a> that's spent millions on virtual real estate.Ready? Let's get to it.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app – click <a href="https://apps.apple.com/app/apple-store/id554260576">here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider">here for Android</a>.<a href="https://www.businessinsider.com/seed-100-best-early-stage-investors-2022-5"></a>1. Introducing the 100 best seed investors in the US. Based on <a href="https://www.businessinsider.com/best-seed-vcs-venture-capital-tribe-capital-seed100-seed25-2022-5">data</a> from Tribe Capital, Insider identified the top seed investors, meaning those who repeatedly demonstrate extraordinary skill. Here's what we found:<ul><li>Among the best are <a href="https://www.businessinsider.com/eric-paley-top-seed-vc-investing-startups-2022-5">Eric Paley</a>, whose search for the "weird and wonderful" led to an early investment in Uber, and <a href="https://www.businessinsider.com/engineer-kevin-mahaffey-top-seed-vc-angel-investing-2022-5">Kevin Mahaffey</a>, a software engineer who founded his first startup at age 22.</li><li>Insider also identified <a href="https://www.businessinsider.com/seed-25-best-female-early-stage-investors-2022-5">The Seed 25</a> which lists the women who have become a force in seed-stage investing. The data shows us which investors have proved themselves to be truly excellent — picking winners year after year.</li><li>The Seed 25 includes women like <a href="https://www.businessinsider.com/jenny-fielding-techstars-vc-top-female-seed-investor-2022-5">Jenny Fielding</a>, who ranks third on our list and has become the most well-connected investor in New York, and <a href="https://www.businessinsider.com/vc-aileen-lee-cowboy-ventures-secret-to-her-success-2022-5">Aileen Lee</a>, who launched her own VC firm after 13 years at Kleiner Perkins. </li></ul>Meet the <a href="https://www.businessinsider.com/seed-100-best-early-stage-investors-2022-5">Seed 100</a> and <a href="https://www.businessinsider.com/seed-25-best-female-early-stage-investors-2022-5">the Seed 25.</a> In other news:<a href="https://www.businessinsider.com/amazon-workers-reject-union-staten-island-warehouse-ldj5-sharp-reversal-2022-5"></a><div type="image" title="Amazon worker boxes mask" height="1332" width="1776" msid="91285889" hostid="261"></div>2. Staten Island Amazon workers rejected a union. Just a month after a neighboring warehouse voted in favor of the company's first union, employees at a second location rejected the movement, with 380 votes in favor and 618 opposed. <a href="https://www.businessinsider.com/amazon-workers-reject-union-staten-island-warehouse-ldj5-sharp-reversal-2022-5">What that means moving forward.</a>3. In a leaked memo, Amazon aggregator Thrasio announced significant layoffs and a new CEO. As growth slows among aggregators, consolidation and layoffs have become increasingly common — and Thrasio is the latest company affected. <a href="https://www.businessinsider.com/thrasio-layoffs-new-ceo-amazon-aggregator-2022-5">What we learned from the email.</a>4. Amazon is closing six Whole Foods stores. Bloomberg first reported that after <a href="https://www.businessinsider.com/amazon-closing-physical-stores-books-4-star-pop-up-retail-2022-3">shuttering dozens</a> of its physical stores around the country, Amazon is closing a handful of Whole Foods stores, including in Chicago and Boston. <a href="https://www.businessinsider.com/amazon-closing-whole-foods-stores-alabama-massachusetts-california-chicago-2022-5">Here's which stores will shut down.</a>5. Gorillas is struggling to hit a $5 billion target valuation as it seeks new funding. Sources said the delivery startup also had informal merger talks with rival Jokr, a reflection of the uphill battle facing Gorillas and other delivery services. <a href="https://www.businessinsider.com/startup-gorillas-discussed-merger-with-jokr-new-funding-round-2022-4">What we know so far.</a> 6. The EU hit Apple with a preliminary antitrust complaint over Apple Pay. The commission said Apple's dominant position in the market "restricts competition," stifling innovation. <a href="https://www.businessinsider.com/eu-hits-apple-with-antitrust-charge-over-apple-pay-2022-5">Get the latest.</a>7. An engineer at Google's DeepMind AI lab explains how he went from marketing to machine learning without a Ph.D. Businesses are quickly starting to staff up with experts in machine learning — and "the vast majority" of jobs don't require high-level degrees. Ivan Lobov made the jump, and explains <a href="https://www.businessinsider.com/how-this-engineer-pulled-off-a-career-pivot-from-marketing-into-ai-2022-4">how he pulled off the career pivot.</a>8. Facebook is shuttering its podcast business. A year after announcing its audio ambitions, the company said it will stop letting people add podcasts to the service this week, and will remove them altogether in June. <a href="https://www.businessinsider.com/meta-facebook-giving-up-on-podcasts-after-one-year-2022-5?r=US&amp;IR=T">Read the full report.</a>Odds and ends:<a href="https://www.businessinsider.com/metaverse-land-real-estate-group-company-advertising-landlord-tokens-2022-4"></a><div type="image" title="metaverse fashion week" height="1291" width="1722" msid="91285890" hostid="261"></div>9. This metaverse mega-landlord has spent millions on virtual real estate. The Metaverse Group, a major industry player that has designed virtual stores for Forever 21 and threw the first metaverse fashion week, is snapping up space across 10 virtual worlds. <a href="https://www.businessinsider.com/metaverse-land-real-estate-group-company-advertising-landlord-tokens-2022-4">Its CEO explains the investment.</a>10. Photos offer a glimpse of Elon Musk's first private jet. The $26 million Dassault Falcon 900B, which he bought before he became a billionaire, was delivered to Musk in 2004 (though <a href="https://www.businessinsider.com/elon-musk-private-jet-gulfstream-g650er-lifestyle-wealth-photos-2022-4">this model</a> is his current preferred mode of air travel). <a href="https://www.businessinsider.com/elon-musk-first-private-jet-dassault-falcon-lifestyle-wealth-900b-2022-4">See Musk's first private plane.</a>What we're watching today:<ul><li>Future Compute, <a href="https://event.technologyreview.com/future-compute-2022">MIT Technology Review's conference</a>, starts today.</li><li>The WSJ's <a href="https://ceocouncil.wsj.com/event/ceo-council-summit-4/">CEO Council</a> is gathering in London today and tomorrow. </li><li>Airbnb, Lyft, and others are reporting earnings today. <a href="https://markets.businessinsider.com/earnings-calendar">Keep up with earnings here.</a></li></ul>Keep updated with the latest <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">tech</keyword> news throughout your day by checking out<a href="https://link.chtbl.com/therefresh"> The Refresh from Insider,</a> a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Shona Ghosh in London.

10 Things in Tech: Meet the top seed investors

<a href="https://www.businessinsider.com/facebook-ray-ban-smart-glasses-can-take-photos-and-calls-2021-9"></a>Good morning and welcome to <keyword id="11907113" type="UNKNOWN" weightage="60" keywordseo="10-things-in-tech" source="Orion">10 Things in Tech</keyword>. If this was forwarded to you, <a href="http://newsletter.businessinsider.com/join/4np/10-things-in-tech">sign up here</a>. ​​Plus, download Insider's app for news on the go - <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8amp;mt=8">click here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider&amp;r[%E2%80%A6]ers%26utm_medium%3Demail%26utm_term%3D06292021%26anid%3Dadmobdmob">here for Android</a>.Let's get started.1. Facebook and Ray-Ban just launched their smart glasses. Selling for $299, the Ray-Ban Stories will be able to capture photos and videos. <a href="https://www.businessinsider.com/facebook-ray-ban-smart-glasses-can-take-photos-and-calls-2021-9">See the glasses - which actually look like normal glasses - here.</a>2. Amazon is offering to pay for US hourly employees to get college degrees. The company announced it would cover the full cost of college tuition for more than 750,000 workers in an attempt to attract new employees. <a href="https://www.businessinsider.com/amazon-will-pay-for-bachelors-degrees-for-750000-us-workers-2021-9">Take a look at what Amazon will pay for.</a>3. The golden age of Silicon Valley's iconic perks is over. Gone are the days of on-site laundry services, doggy daycares, and bustling cafeterias - but as <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">tech</keyword> workers reevaluate their work-life priorities, <a href="https://www.businessinsider.com/silicon-valley-tech-golden-age-company-perks-over-employees-reaction-2021-9">the loss of some perks may actually be a good thing.</a>4. Elizabeth Holmes fans showed up to her trial dressed like her. A handful of lookalikes showed up to Homes' Theranos fraud trial dressed just like her, saying "We're fans." <a href="https://www.businessinsider.com/elizabeth-holmes-lookalikes-theranos-fraud-trial-2021-9">More on the Elizabeth Holmes fan club.</a>5. Amazon announced the launch of its first collection of Amazon-built smart TVs. The 4K smart TVs will launch in October, and will come with Alexa voice control that doesn't even need a remote. <a href="https://www.businessinsider.com/amazon-fire-tv-4-series-omni-series-price-preorder-release-date">We broke down everything you need to know, including prices, sizes, and specs.</a>6. Microsoft and LinkedIn's CEOs are no longer planning firm return-to-office dates. In an interview with CNBC, the execs said instead of setting expectations for a return date, they're rethinking their approach to "flexibility." <a href="https://www.businessinsider.com/microsoft-and-linkedin-wont-have-firm-return-to-office-dates-2021-9">Here are their plans moving forward.</a>7. Young Mark Zuckerberg would have minutes-long awkward silences. LinkedIn's cofounder, while speaking with Bloomberg, described a quiet young Zuckerberg who would leave awkward gaps in the conversation - <a href="https://www.businessinsider.com/when-mark-zuckerberg-first-started-facebook-harvard-awkward-silences-2021-9">and explained why he invested in Facebook anyway.</a>8. Google settled with a former employee who said he was fired over workplace activism. According to Bloomberg, Google has reached a private settlement with a software engineer who said the company terminated his contract to crush unionization efforts. <a href="https://www.businessinsider.com/google-settlement-laurence-berland-nlrb-calendar-union-workplace-activism-bloomberg-2021-9">What we know so far. </a>9. States are starting to make everyone's salaries public, and employers are terrified. New laws in some states will require employers to disclose their compensation levels to applicants in a move toward pay transparency. <a href="https://www.businessinsider.com/pay-transparency-salary-range-disclosure-laws-colorado-employers-terrified">Here's what to know about the impending pay-transparency revolution.</a>10. Amazon aggregator Thrasio just bought three brands worth a combined $100 million. The three brands bring the number of Thrasio's acquisitions to 150, and signals the aggregator's shift to larger deal sizes. <a href="https://www.businessinsider.com/amazon-aggregator-thrasio-announces-100-million-deal-buys-three-brands-2021-9">More on that here.</a>Compiled by Jordan Erb. Tips/comments? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb">@JordanParkerErb</a>.Sign up for <a href="https://newsletter.businessinsider.com/join/free">more Insider newsletters here.</a>

10 things in tech you need to know today

Welcome back, readers. Privately held startups are watching <a href="https://www.businessinsider.com/startup-shares-bolt-thrasio-udacity-cameo-dropped-value-2022-5">their valuations plunge</a>, and a $59 million Miami mansion is now <a href="https://www.businessinsider.com/photos-miami-billionaires-bunker-island-home-accepting-crypto-bitcoin-2022-5">accepting payment in Bitcoin</a>.Now, let's get started.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app – click <a href="https://apps.apple.com/app/apple-store/id554260576">here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider">here for Android</a>.<a href="https://www.businessinsider.com/startup-shares-bolt-thrasio-udacity-cameo-dropped-value-2022-5"></a>1. Shares of privately held startups have plunged. Leaked secondary-market data seen by Insider shows that the share values of many later-stage pre-IPO companies — including those of Bolt, Cameo, Thrasio, and Udacity — <a href="https://www.businessinsider.com/startup-shares-bolt-thrasio-udacity-cameo-dropped-value-2022-5">are significantly down</a>, with some dropping as much as 50%.<ul><li>$329.5 billion in funding poured into startups last year, with some nabbing valuations that even their <a href="https://www.businessinsider.com/cybersecurity-startup-unicorn-status-coatue-investment-2022-4">founders said were too high</a> — leaving a wide swath of carnage as VC money tightens, inflation rises, and the economy contracts.</li><li>According to one expert, many companies that raised rounds in 2021 are now experiencing a 40 to 60% discount. Software-as-a-service startups have been among the hardest hit, with many valuations chopped in half.</li><li><keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">Tech</keyword>'s industry-wide tailspin comes as Wall Street enters into <a href="https://www.businessinsider.com/stock-market-crash-crypto-tech-meltdown-wall-street-investors-hell-2022-5">a summer from hell</a>: a period of extreme volatility and uncertainty that will serve as a pivotal shift for markets.</li></ul><a href="https://www.businessinsider.com/startup-shares-bolt-thrasio-udacity-cameo-dropped-value-2022-5">Leaked data shows how some startups are faring.</a>In other news: <a href="https://www.businessinsider.com/apple-is-reportedly-testing-more-common-usb-c-ports-2022-5"></a><div type="image" title="Apple 2022 iPhone SE." height="900" width="1200" msid="91596020" hostid="261"></div>2. Apple could do away with iPhones' lightning ports. According to Bloomberg, the company is testing iPhones that would instead use USB-C ports, a move that comes amid <a href="https://www.businessinsider.com/apple-may-be-forced-iphone-charging-ports-usb-c-europe-2021-9">the European Union's call</a> for a universal port. <a href="https://www.businessinsider.com/apple-is-reportedly-testing-more-common-usb-c-ports-2022-5">What the change could mean for iPhone users.</a>3. How Uber One fell apart. The subscription service was CEO Dara Khosrowshahi's big plan to get the ride-hailing company to profitability. But insiders say infighting and weak leadership dashed his dreams before they even began, and are beginning to wonder: <a href="https://www.businessinsider.com/uber-delayed-subscription-service-uberone-lags-behind-competitors-dara-khosrowshahi-2022-5">Can he innovate his way to success?</a>4. What happened inside Apple after Steve Jobs died? In his new book, Wall Street Journal reporter Tripp Mickle follows the paths of the two men who shaped the company's post-Jobs period: Tim Cook and Jony Ive. <a href="https://www.businessinsider.com/after-steve-book-review-how-apple-became-a-million-dollar-company-2022-5">Read a review of "After Steve: How Apple Became a Trillion-Dollar Company and Lost Its Soul."</a>5. Elon Musk's Twitter deal is looking shakier than ever. Musk's takeover relies on a $12.5 billion loan secured against his Tesla shares. But <a href="https://www.businessinsider.com/tech-industry-cost-cutting-job-losses-whos-most-at-risk-2022-5">plummeting tech stocks</a> have imperiled this crucial part of the deal — and if Tesla shares continue to drop, he might not have enough money to buy Twitter. <a href="https://www.businessinsider.com/elon-musk-twitter-deal-could-crumble-tesla-stock-420-2022-5">Here are all the ways the leveraged buyout could crumble.</a>6. The Buffalo mass shooting gunman live-streamed the attack on Twitch. The platform confirmed the live-stream, adding that it was removed within two minutes of the start of the violence. <a href="https://www.businessinsider.com/twitch-buffalo-mass-shooting-live-streamed-platform-by-the-gunman-2022-5">What we know so far.</a>7. Meet the Meta AI mafia. These 12 artificial intelligence researchers and engineers quit Meta to join or start new ventures, spanning machine learning technology, blockchain infrastructure, and career mentorship. <a href="https://www.businessinsider.com/ai-engineers-and-specialists-who-quit-meta-to-launch-startups-2022-5">See where the employees-turned-entrepreneurs are now.</a>8. Netflix employees can quit if they don't want to work on content they disagree with. In a move that was <a href="https://www.businessinsider.com/elon-musk-praises-netflix-telling-staff-quit-disagree-content-with-2022-5">praised by Elon Musk</a>, new company guidelines say Netflix "may not be the best place" for employees who are unwilling to work on content they don't support. It comes <a href="https://deadline.com/2022/05/netflix-live-streaming-1235023539/">amid reports</a> that Netflix is also considering live-streaming shows. <a href="https://www.businessinsider.com/netflix-company-culture-guidelines-employees-can-quit-if-they-disagree-2022-5">Here's the latest.</a>Odds and ends:<a href="https://www.businessinsider.com/photos-miami-billionaires-bunker-island-home-accepting-crypto-bitcoin-2022-5"></a><div type="image" title="37 Indian Creek Island Road" height="2250" width="3000" msid="91596021" hostid="261"></div>9. A $59 million mansion near Miami is now accepting payment in Bitcoin. The mansion, located on "Billionaire Bunker," could be the most expensive real estate purchase ever made in cryptocurrency, according to Forbes. <a href="https://www.businessinsider.com/photos-miami-billionaires-bunker-island-home-accepting-crypto-bitcoin-2022-5">Get a look at the "tropical modern playhouse."</a>10. Mark Zuckerberg gave a sneak peek of Meta's upcoming VR headset — kinda. In a video posted to Facebook, Zuckerberg is seen playing with the company's "Project Cambria," but the actual headset is pixelated out. <a href="https://www.businessinsider.com/mark-zuckerberg-demo-cambria-vr-pixelates-out-headset-2022-5">Here's what we could gather from the video.</a>What we're watching today:<ul><li>Uber is hosting its annual product event, <a href="https://www.theverge.com/2022/3/31/23005307/uber-go-get-2022-product-event-date">Go/Get 2022.</a></li><li>Buzzfeed, Take-Two Interactive Software, and others are reporting earnings today. <a href="https://markets.businessinsider.com/earnings-calendar">Keep up with earnings here.</a></li><li>The ceremony for the Webby Awards — known as <a href="https://www.webbyawards.com//news/how-to-watch-the-2022-webby-awards/">the "Oscars of the Internet"</a> — will be held tonight.</li><li>The <a href="https://tmt.knect365.com/big-5g-event/">BIG 5G Event</a> starts today in Austin.</li></ul>Keep updated with the latest tech news throughout your day by checking out<a href="https://link.chtbl.com/therefresh"> The Refresh from Insider,</a> a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

You Searched For "thrasio" and got 12 results

Amazon aggregator Thrasio will invest half a billion dollars in buying Indian brands

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