Blind TL;DR Edition No. 20: Week Ended March 25, 2022
Blind TL;DR helps you stay on top of what shaped the tech industry this week in about 3 minutes. Keep tabs on the latest with insights straight from the newsmakers—technologists like you.
On clearance!
Instacart shares are now almost 40% off. The grocery-delivery app cut its valuation to about $24 billion to boost recruiting and retention. As the country recovers from the pandemic, growth has stalled at Instacart and other delivery apps, including DoorDash and Uber.
Find out how Instacart professionals reacted—only on Blind.
Show me the money!
At a recent all-hands meeting, Google employees pushed executives on their pay. The criticism comes after a leak of the company’s internal employee engagement survey, which revealed staff was unhappy with their total compensation. Now, changes to performance reviews are in the works, according to the leadership team’s responses at the Q&A.
Check out how tech professionals responded on Blind.
Meta is everywhere
You can call Mark Zuckerberg, Mr. Worldwide. The Meta founder and CEO plans to spend half or more of his time in California and remotely work the rest of the year. Other executives have worked remotely or plan to move to work from Cape Cod, Hawaii, Israel, Spain or the U.K. Meanwhile, the return-to-office date is March 28.
Here’s how RTO will work at Meta.
RIP Anaplan
The private equity firm Thoma Bravo said it plans to take Anaplan private in a $10.7 billion buy-out. The business software company’s shares have struggled recently. Before the news, the stock price had been down more than 22% in the last six months.
Some Anaplan employees on Blind are selling their shares. Learn why.
The No. 3 tech hub isn’t in the U.S.
Austin and Miami may be getting the hype, but the biggest tech hub outside of Silicon Valley and New York is in Canada, according to the real-estate company CBRE. Toronto has been hiring tech workers faster than any hub in the U.S. You might have heard of some of the companies downtown: Amazon, Apple, Meta, Microsoft, Pinterest and Stripe.
If you’re moving to Toronto, this is what you should know.
No stock for you!
Some tech workers haven’t gotten paid this month because of Russia’s war in Ukraine. A major Silicon Valley company recently paused its RSUs and other stock-based compensation plans for Russian nationals in the U.S. because of Russia’s sanctions.
Read Blind’s exclusive on what happened.
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