CrunchWeek Roundup: Key Tech Stories You Need to Know
As another week wraps up in the fast-moving tech world, the CrunchWeek team—Ryan Lawler, Cat Zakrzewski, and yours truly—breaks down the most impactful developments. Here’s what dominated the conversation:
1. Andrew Mason’s Bold Return with New App
Former Groupon CEO Andrew Mason made waves this week with the launch of his latest venture, Detour. The app marks Mason’s highly anticipated comeback, showcasing his signature blend of innovation and audacity. Early reports suggest Detour could redefine how users engage with location-based experiences.
2. eBay’s Diversity Report: A Step Forward?
Amid ongoing discussions about inclusivity in tech, eBay released a diversity report that stood out from its peers. While the numbers showed modest progress, they also highlighted the industry’s persistent challenges. Key takeaways:
- eBay’s workforce diversity slightly outperforms compe*****s
- Leadership roles still lack proportional representation
- The report fuels debate on measurable accountability
3. Twitter’s Stellar Q2 Performance
Twitter silenced skeptics with a blockbuster quarterly report, sending its stock soaring. Highlights include:
- $312 million in revenue, crushing expectations
- First profitable quarter with $0.02 EPS
- User growth and ad revenue showed strong momentum
Behind the Scenes
A quick shoutout to Cat Zakrzewski, our talented summer intern, who held her own in this week’s lively discussion. (Yes, we put her on the spot—all in good fun!)
For deeper insights, catch the full CrunchWeek episode below. The tech world never sleeps, and neither do we—see you at the next August Capital gathering!
