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Equity

Equity Monday: Startups rush to announce news before holiday slowdown

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 15 November 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

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. I also tweet. Tesla shares are off further this morning in the wake of declines following stock sales by Elon Musk. The company retains its $1 trillion market cap, per Yahoo Finance data, but is at risk of losing a comma if it keeps slipping. Elsewhere in Big Tech, Microsoft is making Windows worse, while bitcoin gets an upgrade On the startup front, we took a look at Writer.com, Zoomo and Rsquared. Up ahead, we have the Braze, Usertesting and Sweetgreen IPOs. Nubank and Paytm are also in the queue. 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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0:14.2

Hello and welcome back to Equity, a podcast about the business of startups where we unpacked the numbers and the new ones behind the headlines.

0:16.6

This is our Monday show, Your Kickoff Primer to the Week, or Primer, if you want to be fancy.

0:21.7

Regardless, it is November 15, 2021.

0:24.3

My name is Alex and the holiday season is just around the corner.

0:27.6

Yes, if you miss that, it did creep up on all of us because, well, it's been March

0:31.1

20 for so long now. It's hard to know where we are in any

0:33.8

particular calendar year. Still if you are tired if you are exhausted if you are

0:38.1

hoping that things will slow down as we approach the end of 2021 well you might be getting what you want, as we'll see in just a minute.

0:45.4

But before we do that, let's talk about the markets.

0:47.6

So looking over in China, retail sales were up more than expected, so of course stocks there are down in Japan GDP

0:54.2

decline was bigger than expected so of course stocks are up and in the US stocks

0:58.1

are set to rise this morning in pre-market trading at least that's the data we

1:01.0

have despite inflation and growth concerns here domestically.

1:05.0

In the world of crypto, if that's more your jam than traditional equities, well things are calm in the last 24 hours,

1:10.0

and if you look back a full seven days, a great many major coins were effectively flat over the last week.

1:15.8

So what I'm trying to tell you is this morning stocks are actually more interesting than crypto.

1:20.6

Ah, 2021, a never-ending font of surprise.

1:23.6

All right, on to our big technology news section this morning.

1:30.3

We are going to kick off with Tesla.

1:32.1

Tesla's still worth more than one trillion

1:34.3

dollars and I bring that up because its shares have fallen since Elon Musk

1:37.9

it's, I don't know, CEO and Bon Vivant Twitter troll, executed a number of of high profile sales of his stock.

...

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