Welcome back to Week in Review. This week, we’re coming at you right off the heels of TechCrunch Disrupt! If you missed it, we’re highlighting conversations from Perplexity CEO Aravind Srinivas, WordPress co-founder Matt Mullenweg, and Disney star turned space CEO Bridgit Mendler. Of course, we’ve got news from the rest of the tech world as well. Let’s do it.
Why did Wiz turn down $23 billion? Wiz co-founder and CEO Assaf Rappaport said at TechCrunch Disrupt that turning down Alphabet’s offer was “the toughest decision ever,” but they did so because they believed the cloud security space is a $100 billion opportunity for the company. At the time Wiz turned down the offer, the startup had a private valuation of $12 billion. The CEO admitted that they also had other offers, though none as big as Google’s.
Apple had a big week of reveals, including the latest additions to the M-series of chips. The company unveiled the new M4 Pro, which debuts alongside the tiny new Mac mini and the M4 Max, the latter of which is coming to the MacBook Pro line as an upgradeable option. Apple also gave a refresh to its desktop accessories, switching them from Lightning to USB-C. But the charging port for the Magic Mouse is still awkwardly on the bottom.
Dropbox is laying off 20% of its workforce. In a letter to staff, CEO Drew Houston said the cloud company is undergoing a “transitional period” and that the goal was to make cuts in areas where Dropbox has “over-invested” while designing a “flatter, more efficient” team structure. The reduction in headcount will affect 528 employees.
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