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Sources: Meta is shutting down Workplace, its enterprise communications business

May 14, 2024

Facebook once had big ambitions to be a major player in enterprise communication and productivity, but today the social network’s parent company Meta will be closing a very significant chapter in that story. TechCrunch has learned that Meta is shuttering Workplace, a version of Facebook that had been built to enable communication among business teams […]

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AWS CEO Adam Selipsky steps down

May 14, 2024

Adam Selipsky is stepping down from his role as CEO of AWS, Amazon PR has confirmed to TechCrunch.  In a memo shared internally by Amazon CEO Andy Jassy and published this morning to Amazon’s company blog, Jassy said that AWS sales chief Matt Garman will be promoted to CEO. Garman previously headed AWS’ EC2 cloud […]

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After surpassing $100M in ARR, Harness Labs grabs a $150M line of credit

May 14, 2024

Harness Lab isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $3.7 billion in 2017, the week it was supposed to go public. His latest venture has raised $425 million, per Crunchbase. On Tuesday, Harness announced $150 million in debt financing, essentially a line of credit that the company can draw on […]

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