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TechCrunch+ Roundup: Valuation Reset, Crypto Losses Soar Amid US Insurtech Meltdown

Here is a rewritten version of the article, condensed and formatted for easier reading:

Top Stories

  1. Better.com Teaches Us How Not to Downsize a Company: The digital mortgage lender’s mass layoffs have been widely criticized for their handling. CEO Vishal Garg laid off approximately 900 employees in December 2021, followed by another 3,000 in March.
  2. Q1 Crypto Losses Spike 695% on Year Following Massive Hacks: The web3 ecosystem lost $1.23 billion to exploits in the first quarter of 2022, an eight-fold increase compared to a year earlier.
  3. China Reportedly Open to Elon Musk Acquiring TikTok US: The Biden administration’s decision to allow the sale has sparked controversy and raised concerns about national security.

Startups

  1. EV Startup Harbinger Raises $100M Series B: The company’s focus on simplicity has driven its success, with a valuation of over $500 million.
  2. Thorax Helps Companies Reach Reliability without Overspending on Cloud Costs: The startup’s technology enables companies to optimize their cloud usage and reduce costs.

Tech Industry News

  1. Biden Administration Opens Up Federal Land to AI Data Centers: The decision has sparked concerns about the impact on local communities and the environment.
  2. Tesla’s $100 Million Big-Rig Charging Funding Request Snubbed by Biden Admin… Again: The rejection raises questions about the administration’s commitment to supporting electric vehicle adoption.

Opinion Pieces

  1. How to Delete Facebook, Instagram, and Threads: A step-by-step guide for those looking to leave social media platforms behind.
  2. ‘Free Our Feeds’ Campaign Aims to Billionaire-Proof Bluesky’s Tech: An analysis of the potential impact on the tech industry.

Recent Articles

  1. A Comprehensive List of 2024 and 2025 Tech Layoffs: A roundup of notable layoffs in the tech industry.
  2. SEEQC Raises $30 Million in New Funding, Sees Quantum Computing as Key to Future Advancements: An article highlighting the company’s focus on quantum computing.

Note: The above is a condensed version of the original article and may not include all the information or details present in the original text.