Equity Monday: Robotaxis hit a speed bump and IPOs are back on the menu

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2 • 372 Ratings

🗓️ 21 August 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. Here’s the rundown from this morning, with real news from the crypto-front, and even a neat startup round to round it out! Stocks are up in most of the world, China apart. The Chinese economy is a real topic of conversation lately, mostly centered around concerns regarding credit appetite, debt levels, housing costs, and government activity. In the crypto-world, prices are sharply lower compared to a week ago, and Recur is no more. The partial retrenchment of Cruise in San Francisco is a bummer, but given how poor human drivers are here's hoping that progress doesn't slow on the self-driving front. IPOs are back? Kinda, maybe, and perhaps. The good news is that recent data from Instacart and Databricks indicate that we could see some filings soon. And to close out, Threads is coming to the desktop web while Enough put together a big round for mushroom-based proteins. 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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0:00.0	Hello and welcome back to Equity, the Tech Runch Podcast, where we unpack the numbers and the nuance behind the headlines.
0:17.0	This is Alex, Good Morning. Welcome to our Monday show where we take a look to the weekend that was and a look at the week that is to come.
0:23.7	Today is August 21st, 2023 and on the podcast this morning we have stocks and earnings,
0:30.4	crypto and chaos, self-driving cars cars the possible resurrection of the IPO market
0:35.1	threads and even more money for fake meat startups it's a packed show today let's go
0:43.0	starting off as we always do with a look at the stock market.
0:47.0	Shares are up today in Japan and South Korea, but down in China.
0:51.0	Regarding China, the country's central Bank cut its one-year loan prime rate by 10 basis
0:56.9	points today, the second cut to that key rate in just three months. Concerns about the Chinese
1:02.0	economy are running rampant at the moment it is something to keep at least one eye on.
1:07.0	Over in Europe, shares are up and they are also set to rise in the US as well, though after a pretty rough week last week, so early
1:15.9	gains should prove more of a recovery than any sort of real advance.
1:20.2	Now, on the earnings front, we are really getting close to the end.
1:23.6	On Monday we'll hear from Zoom, we'll hear from Baidu on Tuesday.
1:26.9	Wednesday brings us NVIDIA Snowflake Autodesk, Splunk and Zora.
1:31.6	And then on Thursday we'll hear from
1:33.0	Intuit, NetE's Workday, Wibo and Domo.
1:37.0	Next up is crypto.
1:39.0	Well friends, I wind for weeks that not much was happening in crypto prices.
1:44.4	The good news is that something has happened.
1:47.2	The bad news is that what happened was bad.
1:49.8	So in the last week, the price of Bitcoin is off around $11.4% to around $26,000.
	...

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