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Equity

Equity Monday: Hacks, IPOs, and the next generation of American tech giants

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 16 August 2021

⏱️ 6 minutes

🧾️ 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. I also tweet. It's a surreal day to talk about technology, but here we are. If you can pull your eyes away from the greater geopolitical tragedy that is our world today, here's what we talked about: T Mobile may have suffered a material breach. If this bears out, it could be a leading tech story for the week. Vice has confirmed that at least some of the data in the leak appears genuine. Indian travel service ixigo is going public. The company's IPO follows Zomato's own domestic debut. And speaking of IPOs, the Tencent Music offering in Hong Kong could be on hold until next year. And a trio of American tech companies raised a raft of capital as last week concluded. Carta put together $500 million in a huge deal, as Chime raised $750 million. And as the week closed, Discord was reported to be hunting up a new round at a $15 billion price tag. And stocks are set to open lower this morning. That's the morning report. Equity is back on 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

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0:00.0

Good morning. It is Monday, August 16th, 2021. This is Alex and of course you are listening to

0:16.0

equity. By now you've probably seen images and videos of chaos in Afghanistan. It is surreal

0:22.2

on days of geopolitical unrest to sit and talk about money and

0:25.9

tech as if they were the most important things in the world, but they are what the show was about,

0:30.9

so we will. I just wanted to acknowledge that my heart is a little bit elsewhere

0:34.4

this morning and probably yours too. All right now with that let's get a market's update

0:39.1

under our belts and then we'll talk about the biggest news in the world of technology and startups.

0:44.0

Let's do it.

0:47.0

The global equities markets are broadly read around the world today.

0:50.0

Asian stocks fell in Monday trading, as did European shares. Before the open this morning,

0:54.9

American stocks are also down, albeit a little bit less than their international peers.

0:58.8

Shares of Sonos are up sharply this morning in pre-market trading after a judge gave a preliminary ruling

1:03.8

that Google did infringe on the Music Hardware Company's patents.

1:07.8

That case, however, is far from over.

1:09.8

Equities aren't the only trading assets that matter, of course.

1:12.4

Major cryptocurrencies are largely higher in the last 24 hours leading to a price bump for

1:16.5

coin-based stock. Uniswop and Solana also posted very strong gains. Now with

1:21.0

that in hand, let's talk about some tech.

1:23.0

All right, there are three items from the weekend that require your attention and we're going to blast right through them, so listen up.

1:31.0

First, American Telco T-Mobile said this weekend

1:34.2

that it is investigating a potentially huge breach

1:36.6

of its customer data.

...

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