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Friday, and all eyes are on the large number of Twitter employees who have been unceremoniously fired, and many of them found out they lost their jobs because they couldn’t log into their email accounts when they showed up for work. in the morning. Yaks. — Christine and hi

The australiabusinessblog.com Top 3

• Not enough WARNING: Twitter carries out mass layoff, as reported by Amanda and Catherine. The company is now reviewing a class action lawsuit alleging that Elon Musk failed to provide proper legal notice in making said layoffs. Sarah and Ivan have more.
• More ways to payVenmo and PayPal are following Stripe and Square’s lead to start supporting Apple’s Tap to Pay on iPhones, Ivan writes.
• Pedal on the metal: Connie is in Lisbon for the Web Summit conference and has this story about Formula 1 Toto Wolff who said he was looking for remote software to give his race team that checkered flag again.

Startups and VC

If you run a business that ships hundreds of thousands of boxes of frozen meat, you probably don’t want to manage every detail of your supply chain yourself. That’s what outsourcing is for – so why did ButcherBox build two dry ice factories during the pandemic? It turned out to be a combination of removing risk and making the most of financial incentives, hi reports.

Commercial electric vehicle company Arrival received a warning from the Nasdaq Stock Market because its stock price is trading too low, Rebecca reports. The company issued a press release stating that it has received notification that it has failed to comply with Nasdaq’s requirement to trade in common stock above $1.00 per share for 30 consecutive business days prior to the notification date.

And in other happy news…

What investors really think about the TAM slide in your pitch deck

Image Credits: Bryce Durbin / australiabusinessblog.com

Are you ready to launch a bajillion dollar startup? Before you start: Are you planning to build a centaur, a unicorn, or maybe a decacorn?

Pitching startups has become an existential drama, in part because so many founders exaggerate the size of the total addressable market (TAM) they hope to compete in.

“The way it is calculated and the way the founder thinks about it doesn’t necessarily tell us about the company or its future, but how the founder feels about starting a company,” said Deena Shakir, a partner at Lux Capital .

Three more from the TC+ team:

australiabusinessblog.com+ is our membership program that helps founders and startup teams stay ahead of the curve. You can register here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

Sorry, we have to have another Twitter day, but we promise to include some other really cool articles as well. First, Amanda wonders if porn is a way for the social media giant to recoup some of its losses and make more money. In the meantime, Kylea have reached out to many Twitter advertisers to see what their plans are in light of the Elon Musk acquisition. Spoiler, they pause spending.

And we have five more for you: