Equity Monday: Apple's privacy flap continues as crypto regulation looms

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 9 August 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and me here. It's going to be a busy week, with a Samsung event and a host of earnings reports that we'll have to pay attention to. But more important there are a few stories still dominating the news cycle: Apple's privacy choices: The American hardware company's plans to scan iPhones for some illegal material is once again raising the issue of privacy versus safety. China's tech crackdown: The continued clampdown by regulators continued this weekend with Tencent once again under the spotlight. The American crypto regulatory push: This is still causing waves this morning as Congress works to pass a major bill that could include crypto regulations that are opposed by industry leaders. All that and we also riffed on the Siemens-Sqills deal, Cornerstone OnDemand going private, and Delivery Hero buying a piece of Deliveroo. And, for added flavor and fun, Canopy Servicing just raised a $15 million Series A, while Siga OT Solutions raised a $8.1 million Series B. All that, and we got to talk stocks! Hugs and love from the Equity crew — chat Wednesday! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello it's Equity Monday and this is Alex Awake with you on this fine Monday morning.
0:15.1	It is August the 9th and we are fired up for what is going to be a very, very busy week.
0:19.5	And good news, Equity is back.
0:21.5	Yes, we took a little breeder last week to recharge and chat about the rest of the year. Thank you for being patient.
0:27.0	Regardless, the next five days will bring a major Samsung Hardware event on the 11th, and we'll see earnings from Unity, DoorDash, AirB&B, Palantier and Baidu, among others.
0:35.6	Now several large deals were announced over the weekend that we need to chat about and
0:39.3	there are a few macro text stories from last week still brewing as Monday kicks off. So let's peek at
0:44.6	the markets and get into the news. All right so market starting out with the
0:50.7	numbers today Asian stocks largely rose a little bit.
0:54.2	European stocks gave up ground and the American markets are mixed in pre-market trading.
0:59.2	American tech stocks appear set to rise while more traditional industries are set to lose ground.
1:04.5	In the last 24 hours, major cryptos have largely risen.
1:08.0	Bitcoin is up to around $46,000 while Ether has passed the $3,100 mark. Solana and Uniswop are also up modestly in the last 24 hours it is worth noting.
1:17.2	Now the major news that has been under discussion all weekend long.
1:21.6	All right, number one, the Apple privacy story is not going away.
1:26.0	Last week's news that Apple planned to build iPhone software that would quote, allow the company
1:30.0	to detect and report known child sexual abuse material to law enforcement in a way it says will preserve user privacy."
1:36.0	As I wrote in Zach Bitterko put it, continue to attract criticism over the weekend.
1:40.0	Former Facebook CEO Alex Stamos was somewhat critical of Apple's plan saying on Twitter that the company
1:44.7	quote both moved the ball forward technically well hurting the overall effort to find policy
1:48.9	balance in quote. Some Apple watchers have digested the news from the company and found it to be not too scary in its current iteration.
1:55.5	John Gruber wrote that quote if these features work as described and only as described, there's almost no cause for concern.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from TechCrunch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of TechCrunch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.