Equity Monday: If you don't want to be criticized for your editorial choices, don't make editorial choices

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 31 January 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

This Monday show actually felt a bit old-school, in that the weekend controversy in tech has spilled over into the working morning, meaning that we need to talk about it. But first, markets: After the somewhat punishing start to last week, today's trading is somewhat more staid. Global equities are moving, but nothing suicidal, and cryptos are off a bit in the last 24 hours, but up in the last seven days. Naturally, given what has happened in recent trading sessions, all that could change in a moment but at least we're starting in un-choppy waters. The Joe Rogan furor continued. After several musicians decided to take their music off the service in protest of Spotify's decision to pay for material that those artists viewed as undercutting public health, Spotify made some of its rules public and said that it will append COVID-19 notes to podcasts that discuss the pandemic. We talk about why. In startup-land, FTX has raised another huge round, TCV is putting more late-stage money into early-stage rounds, and Bamboo raised. Closing out, changes are afoot in China's venture capital market. So yes, there's going to be a lot of Twitter drama this week. But don't worry! You can compensate for that by hating on people posting Wordle scores, as that appears to be the latest way to lose friends online. 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 and welcome back to Equity, the Tech Runge Podcast,
0:13.4	where we unpack the numbers and the nuance behind the headlines.
0:16.8	My name is Alex, and it is January 31st, 2022,
0:21.6	the last day of the first month of the first quarter of this year.
0:26.0	Yes, we are essentially now one twelfth of the way through.
0:29.0	No, I'm not going to break out my unit fractions because it's too early in the morning for that, but I'll just say this.
0:34.0	Whoa, that was fast. Anyways, this is our Monday morning show, which means we are going to talk about the markets.
0:39.4	We're going to talk about big tech companies. We're going to talk about startups and then we're going to send you off
0:43.2	into your week with a pat on the back and a smile on your face. Ready? Let's have some fun.
0:47.6	Let's start with markets as we always do.
0:52.8	We'll take a look at the stock market, talk about cryptos,
0:55.0	and then dive into the current big tech mess.
0:58.3	So looking around the world this morning,
1:00.0	Asian stocks are mostly up today,
1:01.8	though do keep in mind that Chinese markets are closed for the lunar new year Eve.
1:06.5	The European markets are flat to up a fraction and in pre-market trading here in the United States stocks are mixed I would say mostly down but the NASDAQ
1:14.9	was just in the green the last time I checked so can't say it's all down when something
1:18.7	is ticking up now on the crypto front after their major sell-off, cryptos have regained some territory,
1:24.5	down a point or two at the last 24 hours, but mostly up in the last week. So we're still seeing what I would call
1:29.8	depressed pricing compared to recent norms, but last week was a mess. This week is much better, so there you go. Some good news.
1:37.0	To put numbers to that, Bitcoin is currently at around $37,000 per coin.
1:41.0	Eith, as the cool kids say, it's currently around 2.5 k.
	...

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