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Equity

Equity Monday: Shrinking unicorns and the embarrassment of meme coins

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 8 May 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Alex is back with the latest in tech news from the weekend and what’s making headlines early in the week. Today, we are talking about meme coins, unicorns and the latest from India! The global stock market started the week on pretty good footing. Also, the crypto world is suffering modest indigestion thanks to a new meme coin. On the regulatory front, it appears Coinbase is going to stick with the U.S. Elsewhere in Industry Land, Qualcomm is going shopping, Alibaba's logistics IPO is targeting the Hong Kong market, and the UK is digesting the fact that a local legend is going to list in the United States. From there, it was time to check in on some news, bad and good, from India. We are going to see some interesting earnings results this week, so stay tuned! Equity will be back Wednesday morning! 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, 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 Ranch Podcast, where we unpack the numbers and the nuance behind the headlines.

0:17.0

It is May 8th, this is Alex and of course this is our Monday show where we look back to the weekend and look ahead to the week.

0:23.2

I am a little bit hoarse.

0:24.4

I have family in town and we've been hanging out with a baby and going on walks and it's been great,

0:28.4

but I woke up this morning a little bit sore.

0:30.6

So if I sound, well, like this, that's why.

0:33.7

Anyways, coming up on the show, we have stocks and crypto and coin base and chip acquisitions,

0:38.4

IPO news, and startup updates from India. It's a packed episode. I'm very excited and let's go.

0:46.8

Kicking off as we do each and every Monday with a look at the global stock market,

0:51.0

spend that globe shares are mostly higher today in Asia where Japanese stocks

0:55.3

are actually the outlier to the negative.

0:57.7

Over in Europe, major indices are green across the board, and shares are set to rise modestly at the open here in the US. the is that earnings are slowing down but this week we are going to hear from a couple of

1:14.2

names that I do think matter so PayPal and Palantir Airbnb affirm toast and Twillio

1:20.0

are early this week and then later on we'll hear from Robin Hood, Roblox, Unity and others.

1:26.0

So fewer than last week but still some key names to look out for.

1:30.1

And then there was crypto.

1:31.7

Ah, crypto, you never failed to be utterly fascinating.

1:35.3

On the heels of news that the American Department of Justice is reportedly investigating

1:40.1

whether or not Binance violated American sanctions against Russia, a new meme coin is on the scene

1:46.0

and causing havoc. So please say hello to Pepe, a meme coin centered around Pepe, the

1:52.1

Internet meme frog.

1:54.0

And yes, it is very dumb, but also, yes,

...

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