Equity Monday: Investors have not given up on web3 gaming

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 16 October 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's what we got into today: Earnings season is here, and we'll hear from Tesla and Netflix this week. Expect a lot of new data to drop in the coming weeks. If we bundle a number of headlines together, it's clear that running a social media company in the modern era can be a very expensive proposition. Though, what you think about regulation may color how you view the situation. Funding to web3 gaming companies declined in Q3, but it's not all that bad. The U.S. may not see IPOs happening, but the rest of the world is not similarly bereft. Creative Force's Series A was too cool to not mention. Equity will be back Wednesday with a killer episode on all things venture capital in Q3. See you then! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! 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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0:17.0	Hello and welcome back to Equity, the Tech Ranch Podcast, where we unpack the numbers and the nuance behind the headlines. This is Alex, good morning and welcome to our Monday show, where we get caught up from the weekend that was and take a look at the week that is to come.
0:25.0	This morning is October 16, 2023 and on the show today we have stocks and crypto including the onset of earning season the expense of
0:34.4	running a modern social media company one interesting Japanese IPO data on
0:39.6	Web3 funding for gaming companies and then a very cool series A. Let's go.
0:44.3	Let's start with a look at the global stock market as we do every Monday.
0:50.8	Shares were sharply lower in Asia today with Japanese stocks falling the most.
0:55.0	Stocks are modestly higher in Europe, though there is continued concern over the Israel-Hamoss War,
1:00.0	and stocks are set to rise a little bit here in the US when markets open.
1:04.6	Looking ahead, CNBC reports that 11% of the S&P 500 will drop their earnings this week,
1:10.8	which means it's going to be busy, but not really in our world.
1:15.0	In Tech Land, there are only really two companies to pay attention to this week, and that's
1:18.9	Tesla and Netflix, both of which will drop numbers this Wednesday.
1:23.0	Results are back on, but for tech,
1:25.0	we'll have to wait mostly another week or two.
1:27.0	Also, on the show this week,
1:28.0	we have Janay from Crunchspace
1:30.0	coming out on Wednesday,
1:31.0	talking all things Q3.
1:33.6	So if you're looking at earnings and want to know more about what's going on on the private
1:36.4	markets, well, on Wednesday morning we'll have just that just for you.
1:40.7	From stocks to crypto, what's going on? Well well apart from the continued trial of former
1:44.8	FTX CEO Sam Bankman Freed the biggest news item that I caught from
	...

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