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Equity

Big Tech’s antitrust cases are starting to feel like Groundhog Day

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 25 April 2025

⏱️ 32 minutes

🧾️ Download transcript

Summary

Today on Equity, we're digging into the week’s headlines, from browsers and search to AI and social, and why Google and Meta's antitrust cases have us wondering if they’re really breaking up monopolies or just passing the baton to the next dominant player.  Listen to the full episode to hear about: Tesla’s massive 71% profit drop and how Elon Musk is doubling down on Tesla and AI How Mati Carbon took home the grand prize from this year’s Xprize Carbon Removal competition Vibe coding, Cursor, and which AI-powered coding tool OpenAI has its sights on acquiring next The $91.5 billion raised by U.S. startups in Q1—and why more than half of it went to just 10 companies Equity will be back next week, so stay tuned! Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.  Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. We’d also like to thank TechCrunch’s audience development team. Thank you so much for listening, and we'll talk to you next time. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:16.9

Well, I'm here just for the vibes. That's it. No business talk. Because really what I found is that, especially with covering Tesla and looking at how the stock market reacted to like a 71% decrease in its profits and yet stock going up, it is vibes. It's just all vibes.

0:36.2

Yeah, I felt like I was going insane because I remember seeing

0:38.5

the first wave of sort of posts where they were just like, oh my God, like this is like a brutal,

0:42.3

brutal quarter for Tesla and then immediately going to like Yahoo Finance and then seeing that

0:46.3

the stock was up and it was so confusing. Yeah. So if you look at the fundamentals of the present

0:52.9

business, 71% you know% down on profits. You look at

0:58.5

automotive revenues down year over year. Energy business actually kind of did okay. It grew,

1:05.2

but it's small. And also, by the way, like the most vulnerable to tariffs. So we'll see how that goes.

1:12.1

And the stock market reacted to the, you know, put your galaxy brain on the future.

1:18.5

So Elon saying, hey, I'm going to step back from Doge.

1:23.1

Hey, I'm going to allocate more time to Tesla.

1:26.3

And AI, AI, AI, AI, Cybercab, Robotoxy, cheaper

1:31.4

EV models.

1:32.2

Of course.

1:32.6

None of these things that actually are commercial yet, but yeah, like, you know, vibes.

1:38.0

And this is that what was so interesting to me.

1:41.4

So the market reacted and a lot of media paid attention to how Elon was

1:45.9

like stepping back from Doge. But he also said he was willing to stick around through the entire

1:52.4

Trump administration, which is new. That's actually an escalation of commitment. I mean,

1:57.4

we'll see if he actually does it. TBD. The part that I think investors were reacting to was he said, you know, I'll be stepping back in some way.

2:07.2

But right, he also said he's going to stick around with the administration.

...

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