The Pulse #89: The end of Hopin
In only 5 years, Hopin went from zero to a $7.7B valuation, and back to zero again. Also: Bending Spoons’ startup acquisition model, hiring upticks at Meta, Netflix and Amazon, and more
The Pulse is a series covering insights, patterns, and trends within Big Tech and startups. Notice an interesting event or trend? Send me a message.
Today, we cover:
Industry pulse. The first mass layoffs at Apple since 1997 (or not?); amateurish URL rewrite at X (formerly Twitter); never-ending job interviews for engineering executives, and more.
The end of Hopin. It took Hopin just two years to become the fastest-ever growing European startup by valuation. Four years later, the company is no more. The final valuable parts of Hopin are being sold, and all staff are expected to be let go. Exclusive details on the StreamYard sale.
Weekend maintenance kicks an Italian bank offline for days. It is now day five that Italian bank Sella has its apps and internetbank down, after a weekend systems update went south. The problem seems to be database-related: “something, something Oracle.”
Adyen, the only major Fintech with zero mass layoffs? All major Fintech startups have let go of some staff over the past two years, except Adyen. Meanwhile, the business has quietly become one of Stripe’s biggest competitors. A close look at this curious phenomenon.