Equity Monday: The end of cheap money, and Take-Two buys Zynga

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 10 January 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This is our Monday show, our short ramp into the week. Yes, it's Monday again. No, you can't stay in bed. Things are already happening! Take-Two is buying Zynga: In a cash and stock deal worth around $12.7 billion (enterprise value), the transaction has delighted Zynga shareholders and bummed out Take-Two's own. Paytm is taking shots, as other 2021 IPOs slim down. The macro environment that startups exist in is about to change for the first time, from a monetary perspective. Pine Labs is looking to go public in the United States, China venture capital data is looking pretty strong, Assent Compliance raised a huge round, and Arive is apparently a thing. All that and we are just getting ready for earnings season, so stay hype as there is a lot of data coming in short order. Welcome to the week! The Equity team is entirely back from vacation now, and we are ready to freaking rock this year. Let's kick some ass! 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	Hello and welcome back to Equity, the Deck Runch Podcast, where we unpack the numbers and the nuance behind the headlines.
0:16.0	It is Monday, January 10th of the year, 2022.
0:19.4	This is Alex and I'm here with your morning report.
0:22.0	This morning I am thinking about big 2021
0:24.2	IPOs that have not done well thus far. I know it's what everyone thinks about
0:28.1	first thing on a Monday morning but hear me out here. Rent the runway was worth
0:31.6	$6.62 per share at the end of last week.
0:35.4	It priced at 21.
0:37.3	Also this morning, Pay-TM is off 40% from its recent highs and Oscar Health is worth $6.89 per share after pressing its IPO last year at around $39.
0:46.7	That sort of thing.
0:47.6	We live in a weird world where IPO pops are an issue and continuing performance of many
0:52.0	hot IPOs is also an issue, sometimes in the same company.
0:55.3	It's something to chew on as this week starts, but the fact is no one really knows what anything is worth and it's pretty funny.
1:05.0	Let's talk about the markets everybody. Asian markets were mixed today with South Korean shares dipping,
1:09.0	Japanese stocks generally holding steady and shares rising in China.
1:12.0	In Europe, modest declines appears to be the really holding steady and shares rising in China.
1:12.7	In Europe, modest declines appears to be the day's result.
1:16.3	And in America, as I write this to you, it is hours before the market's open,
1:19.9	but tech shares are set to drop just a little bit while stocks more generally are off a little bit less.
1:24.8	Turning to the world of decentralization, well, major cryptos are basically flat for the last 24 hours,
1:29.5	very boring and very unscripto-like if I can say so, but they are down double-digit points in the last week.
1:35.0	So if you're a crypto fan, that a great start to the year, but who knows, volatility can't be a sin.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from TechCrunch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of TechCrunch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.