Blind TL;DR Edition No. 6: Week Ended Dec. 17, 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.
Turmoil at MuleSoft
Is MuleSoft too complicated for its own good? Growth in sales at the API platform owned by Salesforce has slowed down, and insiders at the cloud behemoth blame how complex the product is. To make things worse: MuleSoft is hemorrhaging talent. Leaders, including the founder and engineering and sales leaders, have left this year.
All this has caused an investment management professional on Blind to ask: What’s going on with MuleSoft?
The next social media meme stock?
Reddit is making money moves. The message-boards site confidentially filed its IPO plans and will likely go public at a valuation of more than $10 billion—the valuation it raised money at this August. Check out the issues the IPO plans might face.
Apple gives up
Apple joins other tech companies giving up on its RTO plans. CEO Tim Cook sent a companywide memo effectively extending work from home indefinitely, pushing back its hybrid work “pilot” because of a surge in COVID-19 cases.
Separately, the iPhone maker announced its stores in Annapolis, Maryland, Miami and downtown Ottawa will close because of rising COVID-19 employee cases and exposures. Here’s what Apple and other workers think.
Normies boost low-code
Whether you call it low-code or no-code, it’s undeniable it’s a big business. The database and spreadsheet hybrid Airtable raised $735 million from Franklin Templeton, Salesforce and Michael Dell’s private investment firm at an $11-billion valuation.
Find out what this means for a potential IPO from verified Airtable professionals on Blind.
The wild housing market in Austin
The Austin Board of Realtors reported home sales in the Lone Star State capital had dropped 4.9% across the region compared to 2020. The median cost for a home in the area is now $470,000, up 30% from last year, which might explain the slowdown.
Tell that to the sales office in Round Rock turning down deposits on a new-build community.
You’re not getting a big raise this year
Inflation might have increased to 6.8%, but that doesn’t mean your annual raise will, too. While some companies make cost-of-living adjustments, many will stick to their usual salary ranges and 3% bumps. Blind explains how you can get a raise now.
Be a newsmaker
Make an impact with your work. The top companies in the headlines are using Blind to grow. Find out how you can get an offer from some of the most innovative and fast-growing companies.
