Equity Monday: Crypto hacks and a scuttled AI IPO

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 13 December 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

It finally happened, ladies and gentleman and our non-binary friends. The Holiday News Slowdown has arrived. Late, I might add, but still here at last. But that did not stop Grace and Alex from making you your weekly kickoff show! Welcome to the final Equity Monday of the year. Here's what we got into: The Indian PM's Twitter account was hacked, and used to promote bitcoin. Not a great look for the crypto world. The SenseTime IPO is on hold after the US government "added SenseTime Group Limited to the Non-SDN Chinese Military-Industrial Complex Companies List," per the company. The AI listing's delay is not a great look for Chinese tech market liquidity. Fuse added $25 million to its Series B, helping bring insurance products to Southeast Asia. Thirdweb raised $5 million to bring together no-code and Web3, which we think is pretty cool. Don't forget that Equity is back Friday for a final news roundup, and that we have two holiday eps coming during the last two weeks of the year! Talk soon! 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

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0:00.0	Hello everybody good morning it is Monday December 10th
0:12.6	2021 this is Alex and welcome to our kickoff show where we figure out
0:16.9	what's coming up what happened over the weekend and what we might care
0:19.9	about during today's lunch break well here's here's some news. This is the last
0:23.1	equity Monday of the year. We are going to be taking a break for the last two weeks of
0:27.0	2021. We do have some special episodes, Promise, Don't worry. We're not going to
0:30.9	leave you all alone. But after this equity Monday and our Friday roundup,
0:34.5	we will go into Stasis for a couple of weeks, recharge, rest, and come back at 110% in January.
0:40.3	But first guys, the news.
0:42.1	All right, so the stock market market taking a look around the world.
0:45.0	Asian stocks mostly up European stocks mostly up and American stocks were set to rise but while I was writing the script this morning I did see that the Russell 2000
0:54.0	was looking at a little bit weak so keep an eye on what's going on you could see a
0:57.2	small-cap big-cap divide today and the fact that I'm talking about that is
1:00.9	indicative of the fact that things are pretty quiet.
1:04.1	In fact, if you want an indication of just how much things have slowed down in the last couple of days,
1:08.5	the big business news story involved Peloton and not because of some macro trend or you know a real terrifying
1:15.6	report from some short seller no in fact it was because someone named Mr.
1:19.7	Big on a reboot of a show called Sex and the City died during one of the episodes after riding the peloton.
1:25.2	That's what we're down to. It's really the dregs. But hey, you know what, the winter slowdown is not bad.
1:30.6	We could all use to break. And this week we do have the Samsara IPO so if you
1:34.5	care about I. O. T we have quite a lot coming up for you there. With that guys I
1:38.0	think we can talk about the big news. All right kicking off the big news.
	...

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