Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 billion valuation in May 2021 when it announced a $130 million ...

Thursday’s M&A news gave everyone yet another reminder this isn’t 2021 anymore. Video messaging startup and one-time unicorn Loom was bought for $975 million by collaborative software giant Atlassian.

Loom, an enterprise collaboration video messaging service, has laid off 34 employees, or 14% of its total staff, sources say. Employees across product and people operations were impacted. The ...