Could Crypto be making a comeback?
Bitcoin prices have stabilized around the $22,000 to $24,000 level after plunging below $20,000 in June.
Similarly, the prices of Ethereum and other top digital currencies have also rallied in the past two months, leading to optimism that this nascent market may have reached its bottom.
However, this optimism might be too hasty, as the crypto startups are struggling to survive. Layoffs are still on the rise and Coinbase reported a $1.1 Billion loss for the second quarter of the year
There are some investors who believe that the macroeconomic outlook will not get any better any time soon, and so they are selling at any price increase. However, if more institutional money flows into the space, we can see more market improvements.
Strategy: A deep dive into Pricing Strategy at Lyft
Pricing forms the backbone of Lyft’s marketplace system, which is core in the journey of improving people’s lives with the world’s best transportation. Lyft built a large-scale real-time pricing algorithm by leveraging causal inference, machine learning and operations research methodologies. This design enables faster experimentation and system evolution, which is particularly crucial given the market volatility and marketplace dynamicity. The goal of price optimization is to find the price that balances supply and demand while covering the expenses necessary to provide an easy-to-use rideshare platform, where drivers have a tremendous influence on the rider prices through their entry and exit on the platform
Job: Silicon valley engineers are quitting big tech for climate tech
There is a huge migration of Silicon Valley engineers who are moving from big tech companies to join startups fighting climate change. Since Climatebase launched in 2020, over 500,000 people have used the site to find and apply for climate tech jobs. It is not just about charity or a love for the planet, The money is there, too. Those who’ve made the move say that the compensation at climate tech startups is on par with that at similarly staged tech companies, with valuable equity.
Product Leadership: How to unlock your product leadership skills
Advancing as a product leader requires new skills and a new mindset. Ken Norton is an executive coach who works with some of the top people in product to help them get unstuck and find creativity again in their approach to problems and their careers. After 14 years as a Product Manager at Google, Ken brings deep experience in leadership and shares with us the lessons he most often offers his clients to unlock growth.
News: India’s open banking revolution is here, but convenience comes at a price
The process of underwriting borrowers in India is broken. They have to receive financial data in different formats and spend a lot of resources trying to process that data. Recently, a new data-sharing framework was launched in India that would allow users to link their bank accounts and share their financial information with other service providers with a click. But some privacy advocates are alarmed over the new system. There is a mistrust in how lenders who have little oversight from regulators may misuse that data.
Talk to you soon,
Olumide