Daily Crunch: Twitter layoffs violated federal worker protections, class action lawsuit alleges

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Many of the employees who lost their jobs because they were unable to log in to their email accounts as they showed up for work on Friday were told they had lost their jobs. Christine and Haje are very worried.

The TechCrunch Top 3

• Not enough WARNing: Twitter is performing a massive layoff, as reported by Amanda and Catherine. The company is now looking at a class action lawsuit alleging Elon Musk did not give the proper legal notice when making said layoffs. Sarah and Ivan have more.
• More ways to pays: Venmo and PayPal are following suit behind Stripe and Square to begin supporting Apple’s Tap to Pay on iPhones, Ivan writes.
• Pedal to the metal: Connie is in Lisbon covering the Web Summit conference and has this story on Formula 1’s Toto Wolff, who said he was looking for remote software to get his racing team that checkered flag again.

Startups and VC

If you run a company that ships hundreds of thousands of boxes of frozen meat around, you probably don't want to run your own supply chain ButcherBox built two dry ice factories during the Pandemic. The combination of removing risk and making the most of financial incentives was the reason for it.

The stock price of Arrival was warned by the stock market because it was too low. The company said in a press release that it wasn't in compliance with the requirement to trade ordinary shares above $1.00 per share for 30 days.

In other good news...

What investors really think about the TAM slide in your pitch deck

The image is from TechCrunch.

Are you ready to start a company? Are you going to build a centaur, a decacorn, or something else?

Many startup founders exaggerate the size of the total addressable market in which they hope to compete in order to make themselves look better.

The way it is calculated and the way the founder thinks about company creation are both indicators of how the founder thinks about company creation.

What investors really think about the TAM slide in your pitch deck

There are three more people from the team.

The membership program helps startup teams get ahead of the game. This is where you can sign up. You can get a 15% discount on an annual subscription.

Big Tech Inc.

We are going to include some other really cool articles, even though we have to have another one today. If porn is a way for the social media giant to recover some of its losses, then what's the point? Kyle reached out to a lot of advertisers to find out what they planned to do in the wake of Musk's takeover. They are taking a break.

We have more for you.