Equity Monday: Remember how this whole working thing works?

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 3 January 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy New Year and welcome to 2023! As promised, Natasha is taking over Equity Monday for the beginning of this year as Alex is out on paternity leave. Big hugs to his growing family! We're starting the year with big post-PTO energy, because there's no other way we know how to do it. Here's what we chatted: Tesla missing expectations, Meta doing its let's-just-acquire-smart-talent thing, and a debut in the S&P 500 that caught our attention. A big idea that is running around over at Matrix. TC's Paul Sawers looks into how messaging apps may become more interoperable thanks to a fascinating new protocol. To us, this screams the ideas of decentralization from crypto last year, but with a more understandable pitch. Catch me Slacking you on WhatsApp! Finally, we end with a look ahead at CES this week. We have reporters on the ground catching the moonshots, and we'll have updates for you with the full crew on Friday! As always, there's more to come, so follow us on Twitter @EquityPod Equity drops at 10 a.m. PT every Monday and at 7 a.m. PT on Wednesdays and Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together, 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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0:00.0	Hello and welcome back to Equity, the Tech Crunch Podcast
0:13.0	where we unpack the numbers and nuance behind the headlines.
0:16.0	I'm Natasha Masquerainis and I missed saying that.
0:19.0	Happy New Year everyone.
0:20.0	I am back after two weeks off, you might be two,
0:22.0	and yes, it is Tuesday January 3rd
0:25.6	2023 somehow and well it's gonna be an interesting start to the year I am
0:30.3	taking over Monday as Alex is out on paternity leave.
0:33.8	Congrats to him and Liza on the cutest T.C. baby ever.
0:37.9	Hopefully I don't get in trouble for that.
0:39.4	And thank you to all of you for sticking with us this year.
0:42.1	It's going to be a fun one. Let's jump right in.
0:46.9	Let's start off with the news that is making all the Indian uncles in my neighborhood not super
0:51.3	happy, which is around Tesla. On Monday it
0:55.0	reported that it missed its own guidance for the year around deliveries. So
0:59.4	basically it delivered around 405, 278 vehicles in the fourth quarter of 2022, which sounds like a lot, and it was.
1:07.4	It had an impressive 40% growth in deliveries.
1:10.5	At the same time, it did project a 50% growth in production and deliveries for the year
1:15.0	so it was short of that and people aren't super happy about it. If we look at how its
1:19.9	share price has performed over 2022 our our team reports that its share price has sunk
1:24.3	65% since January. And there's of course more hurdles ahead. According to some
1:29.7	investors, they're looking at the lack of COVID-19 control measures in China. They're looking at how Elon Musk's
	...

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