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Equity

Equity Monday: Jeff's going to space, and everyone wants a piece of Flipkart

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 7 June 2021

⏱️ 7 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 and myself here. It's WWDC week, so expect a deluge of Apple news to overtake your Twitter feed here and there over the next few days. But there's a lot more going on, so let's dig in: The Weekend: A supercharged, supercharged Model S Tesla car is not coming out. Instead, a merely supercharged version will come out. It's still stupid fast and expensive. And Nigeria's war with Twitter continued, with new efforts from the African nation to limit access to the social media service within its borders. This Morning: Flipkart is raising $3 billion at a roughly $40 billion valuation The deal underscores not just how big the Indian tech scene is, but also how much investor interest there is in ecommerce bets more generally. And Jeff Bezos is going to space. Soon! Funding Rounds: Trulioo raised a $394 million Series D. The Canadian startup is now worth far more than $1 billion. And Chinese company Kanzhun is going public in the United States, which raised an eyebrow here amongst the Equity Morning Crew. Take The Damn Equity Survey: Take it! All the cools kids are taking it! And that's your start to the week. More to come from your friends here on Wednesday, and Friday. Chat soon! 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

Click on a timestamp to play from that location

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. Good morning. Good morning. Good morning everybody and welcome to

0:28.4

Equity's Monday episode. This is our weekly Primer where we catch up on the news and as always explore the numbers behind the headlines

0:35.9

It is June 7th 2021 and we are back for a full summer week which of course means that it is going to be a very busy one.

0:43.4

Apple's W. W. D.C. developer event kicks off today and runs through Friday.

0:48.0

Also this week, recent IPO U.I. Path will report earnings for what I think is the first time

0:52.4

since it went public.

0:54.0

U.S. stocks are mixed but largely flat ahead of the open this morning.

0:57.0

EU stocks were up just a smidgen, while Asian stocks were mostly mixed this morning.

1:01.0

The stock market, however, was not the only thing being calm.

1:04.1

Major cryptocurrencies have largely been flat in the last 24 hours moving by, say, a couple of

1:08.9

single-digit percentage points. Now, do not forget to take the Equity Survey that we have had out for a couple of days.

1:14.5

It is over on our Twitter page.

1:16.1

It's attached to the last few podcast posts on Tech Ranch.

1:18.9

I tweeted it out this morning.

1:20.3

So please, please, fill it out and tell us what you'd like to hear more of or less of on the show.

1:25.6

We're going to do this each and every year to make sure that you have a voice.

1:28.6

And with that, let's begin.

1:30.0

All right, so the weekend. Now the weekend, this is fun. From the electric car front,

1:37.5

Elon Musk has announced that a supercharged version of its Model S car, the S-Plad Plus, won't come out.

...

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