10 Things in Tech: WeWork Series Flow

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Happy Friday friends. A new series about the meteoric rise and fall of WeWork begins airing today, and we share how much Apple pays its employees.

Let’s dive into it.


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1. A new series on WeWork comes out today. “WeCrashed,” which follows the rise and fall of the real estate startup and its boisterous founder, is starting to stream on Apple TV+.

  • The series focuses on Adam Neumann, who snagged billions of dollars in investments from companies like Goldman Sachs and SoftBank before the company released its troubled financial statements in a doomed 2019 attempt to an IPO.
  • Neumann is a controversial figure in technologyfamous for hosting booze-fueled corporate retreats, flying around in private planes, and instituting a meat ban on WeWork offices.
  • Tech correspondent Ben Bergman watched a private screening of the new series at South by Southwest this week and found it to be a colorful and comedic portrayal of the flawed founder and the excesses of venture capital. Read his review here.
  • Here’s how to watch the series, starring Jared Leto and Anne Hathaway. But before you decide to stream or skip, watch the trailer here.

In other news:

Daniel Craig as James Bond in ‘No Time to Die’MGM

2. Amazon’s deal to buy MGM is officially done. Amazon’s $8.5 billion deal to acquire the studio behind James Bond, Rocky, The Handmaid’s Tale and other iconic shows and movies was completed without a challenge from the FTC. Here’s what that means.

3. Web3 is a utopian scam. Seen as the next evolution of the internet, Web3 has been heralded by crypto evangelists as a democratic paradise free from corporate control – but its reality seems poised to fall short of its grand promises.

4. TikTok creators can now link shopping lists to their videos. Instacart has announced that through a partnership with TikTok, it is launching a “Shoppable Recipes” feature, which will allow food creators to link shopping lists into their videos. See how the feature will work.

5. The “Go fast and smash things” culture has arrived in food delivery. This can be a recipe for disaster. Ghost kitchens mimic Silicon Valley’s favorite recipe for growth: add technology to an unstable sector, grow rapidly, ignore operational issues – like raw chicken and fireball-emitting propane stoves – and bypass any local regulations that get in the way. What happens in kitchens with an Uber mentality.

6. Elon Musk thinks people will land on Mars in 2029. In years past, Musk has ventured 2024 and 2026 as years when SpaceX could send a crewed mission to Mars. But a recent tweet suggests his plans have been pushed back a few years.

7. How much does Apple pay its employees? Insider analyzed Apple’s salary data over a year and found that some employees could earn well over $200,000. From engineers to designers, here’s how much Apple employees earn. Plus, take a look at our salary comparison database.

8. Tesla rival Lucid says it may have to raise prices for future EV models. The company’s CEO told Reuters it was “inevitable” that they would have to review pricing for future models as inflation and supply chain issues continued. What do you want to know.


Tips:

10 Things in Tech: WeWork Series Flow
Carleigh Berryman watches Mary Chiappetta, 89, live virtual nature scenes in Falls Church, Va., October 10, 2019,Jahi Chikwendiu/The Washington Post/Getty Images

9. Virtual reality could help ward off Alzheimer’s disease. Researchers on a South by Southwest panel suggested the technology could trigger old memories or help people remember a family member’s voice, and could reduce loneliness – a key risk factor for depression. Alzheimer’s disease. Here’s how it might work.

10. Spotify may be looking to expand into NFTs. Job postings calling for Web3 expertise hint at the streaming giant’s NFT ambitions. View job openings here.


The latest movements of people in technology:

  • Former Disney CEO Bob Iger has just joined the NFT Genies maker’s board of directors.
  • Howard Schultz returns to Starbucks as interim CEO.
  • Representatives of venture capital funds with ties to Russian oligarchs are leaving their positions on the board.
  • After being promoted earlier this year, Meta’s Nick Clegg reportedly netted a $12.3 million stock package.

Keep up to date with the latest tech news throughout the day by checking out Insider refresh, a dynamic brief audio from the Insider Newsroom. Listen now.


Organized by Jordan Parker Erb in New York. (Comments or advice? [email protected] or tweet @jordanparkererb.) Edited by Michael Cogley in London.

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