Blind TL;DR Edition No. 4: Week Ended Dec. 3, 2021
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.
Still no edit button
Twitter announced a big change, but it’s not what most people expected: Founder Jack Dorsey stepped down as CEO. The promotion at the Blue Bird went to Parag Agrawal, who was the CTO.
Days later, Jack, who is also the founder and CEO of Square, said his payments company will now be called Block. The new name is probably a sign of an upcoming focus on crypto and blockchain.
Check out the tech world’s reactions on Blind.
No per diem for David
David Marcus will leave Meta’s blockchain division at the end of the year. David, who joined from PayPal, created the Diem digital currency, ran Messenger and built the digital wallet Novi for Team Zuckerberg.
The departure likely delays Meta’s digital payments plans. One verified Meta professional on Blind thinks it even caused the stock to drop.
The Feds say not so fast
NVIDIA, which wants to buy the chip-designer Arm, might not get its way. The FTC sued to block the $40-billion deal, saying it would give NVIDIA too much control over the computer-chip industry. Arm helps big names like Apple and AMD design semiconductors.
Here are the companies techies on Blind think NVIDIA should acquire instead.
More WFH, less RTO
Expect to stay at home for a little longer. Google told staff worldwide they wouldn’t have to come into the office three times a week on Jan. 10 anymore. The tech giant put RTO on hold in Europe, the Middle East and Africa because of the new COVID-19 Omicron variant.
See which companies are following Google’s lead on Blind.
Luxury homes sell like hotcakes in Austin
In Austin, the cost of living is increasing for the well-off, too. Luxury homes, or properties in the top 5% of the market, now sell for $2.34 million or more—a 33% increase from last year. They’re also getting sold faster, usually going into contract in less than eight weeks.
Find out the best Austin neighborhoods to buy a house on Blind.
It’s okay to come back
If you recently made a job move, or are thinking about it, know that you can probably go back if you change your mind later.
More people are taking jobs at companies they used to work at (what HR calls a “boomerang” employee), and per a new Blind survey, 86% of current job interviews view candidates that used to work at the company more positively.
These are the companies that are the most open to boomerangs, according to Blind.
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