10 min listen
How to lose money, SoftBank edition
FromEquity
ratings:
Length:
9 minutes
Released:
Aug 8, 2022
Format:
Podcast episode
Description
Alex and Grace are back to cover the biggest and most interesting technology, startup and markets news. This morning was a fun mix of stuff that we don't always get to, so strap in for the following:Stocks and cryptos are mostly higher today, meaning that most listeners of the show are now richer than they were Friday. Congratulations!Coinbase earnings on the horizon, but we got word today from Palantir and SoftBank. Palantir's stock is off due to a guidance miss, while SoftBank reported massive losses from its Vision Fund efforts.Also, it turns out that SoftBank is of the perspective that startup founders are not yet willing to accept valuation cuts to bring the value of their startups in line with market conditions. That's not good.And there was a huge PE deal today, Avalara being taken over by Vista Equity Partners in a $8.4 billion deal.What else? Self-driving cars from Baidu are now taking passengers in China, Lyft is building a media business, and India is cutting back on buying Chinese smartphones.We are back Wednesday! Chat soon!Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
Released:
Aug 8, 2022
Format:
Podcast episode
Titles in the series (100)
Equity Monday 08/24: What was on the docket this morning? All sorts of good stuff, though the Sumo Logic S-1 did drop just after we wrapped. Here's today's rundown: YC Demo day is this week, so make sure to stick around TechCrunch and Extra Crunch for all our coverage. SPACs continue, with more automotive companies looking at alt-routes to the public markets. This time it's Luminar. And, here's the Bill Gurley post that we promised to link to. E-commerce and on-demand are booming in China after we saw similar results via Uber and domestic e-commerce players. The Fortnite-Apple brouhaha continues with more filings and even Microsoft weighing in. At the same time TikTok v. The United States appears set to go to court. (Zuck is behind some anti-TikTok Washington sentiment, it appears.) The Palantir S-1 has gone missing. Where is it? Give it to us! Dataiku has raised $100 million for its enterprise AI platform. Forbes has more. Datasembly has raised $10.3 million in new capital for its IR by Equity