Equity Monday: Dogecoin is passé, but student notes are big business

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 10 May 2021

⏱️ 8 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 myself here. This weekend was all about memecoins. And I am sorry about that. But Equity doesn't run the world, sadly, it merely notes what is going on: Dogecoin dropped during Elon Musk's SNL appearance. Which was somewhat ironic. Also there's another memecoin that is skyrocketing. Palantir, DoorDash, Airbnb, Alibaba will report earnings this week, amongst others. Clubhouse is finally coming to Android. In the United States. By invite. So, if that's you, congrats, welcome to the app. A major cyberattack and ransom situation in the United States is a data point, yet again, that we're woefully unprepared for cyber risk. StuDocu raised $50 million which was cool, while Gojek raised another $300 million, which was the very opposite of surprising. This week's Extra Crunch Live is going to be really good. I will see you there! It is going to be a busy week! Already since we recorded this show there's more drama from Box, and more. Strap in! 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	Equity is brought to you by Extra Crunch, that Prodigious Tech Ranch Paywell you keep running into.
0:05.0	You can break through that Paywell at a steep discount if you use the promo code Equity.
0:09.0	If you do, you'll get access to our best stuff and you'll make Equity look really good internally at the same time.
0:13.5	Enough of that, let's start the show. Ladies and
0:25.0	gentlemen, good morning and welcome to Equity's Monday episode.
0:29.0	Our weekly primer where we catch up on the news and as always explore the numbers behind the headlines.
0:35.8	My name is Alex Wilhelm.
0:37.0	Today is May 10th, 2021.
0:39.4	This year is flying by.
0:41.9	But here we are coming off a weekend in which we had to deal with
0:44.6	Elon Musk going on an American variety show called Saturday Night Live
0:48.8	which means that you and I have heard more about Dogecoin than we ever needed or wanted two, especially in the last couple of days.
0:54.8	The bad news is that there is yet another meme coin that is skyrocketing.
0:58.6	Yes, you can sigh. But on a more serious note kicking off the week global stocks are mixed.
1:03.6	Cryptos are up a couple of points more broadly and there are still a bunch of corporate
1:07.2	earnings for us to track. This week we'll hear from Palantir, DoorDash,
1:10.9	Airbnb, Alibaba, among others.
1:13.2	But let's start with what happened over the weekend,
1:15.2	and there is good news in that pile of stuff
1:17.4	if you like the sound of your own voice.
1:19.2	All right, this weekend, Elon Musk failed to help Doge Coyne's value after it fell sharply during his
1:27.1	appearance on the SNL program. Doge has since recovered some but the traders who were hoping
	...

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