Equity Monday: Instagram pauses youth product as Amplitude, Warby Parker prep public offerings
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 27 September 2021
⏱️ 11 minutes
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| 0:00.0 | Good morning everybody and happy Monday taking a look around the world stocks are mixed |
| 0:14.9 | shares fell in China they rose in Japan here in America it's a little bit mixed of course the |
| 0:20.3 | ever grand situation still really matters as does the possible US default |
| 0:24.3 | because Congress is doing whatever Congress does and of course people are keeping eyes |
| 0:28.4 | on the economic activity around the world in this delta period of the COVID era. Now looking around this morning there's a |
| 0:34.4 | couple of meaty issues that I'm chewing on which will follow up with some startup news |
| 0:38.1 | but the goal as always to get you up and running and informed in as few words as possible. |
| 0:43.6 | Talk about including Spotify and Box and App Stores and advertising |
| 0:48.1 | and of course some startup news as well. |
| 0:49.8 | Our goal is to get you up and running |
| 0:51.8 | in as few words as possible. |
| 0:53.6 | As I was writing my notes this morning, news dropped from Facebook Land. |
| 1:00.6 | Yes, Instagram announced it able to pause its work on a product called |
| 1:04.0 | Instagram for Kids, which just by the name alone you're probably thinking great we |
| 1:08.7 | don't need an Instagram for kids there's already Instagram kids use it. |
| 1:12.0 | Ahh anyways Facebook claims that it is the right There's already Instagram. Kids use it. Ah! |
| 1:13.2 | Anyways, Facebook claims that it is the right product to build, but does say that it's going |
| 1:17.0 | to quote use this time to work with parents and experts and policy makers to demonstrate |
| 1:21.2 | the value and need for this product. |
| 1:23.7 | Now, what is that need? |
| 1:25.5 | Well, Facebook's argument, as far as I can tell, reading the blog post this morning, |
| 1:29.1 | hinges around the idea that kids are getting phones younger and younger and what do they do with those phones? |
... |
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