Equity Monday: Twitter's rebrand is a go, and we're Blazing Our Collective Glory

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 31 July 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! Stocks are higher around the world today, but the real story in equities is earnings. This week we are going to hear from AMD, Uber, Pinterest, Shopify, PayPal and Block, Apple and Amazon, Alibaba and Airbnb, Coinbase and Cloudflare. It’s a lot. In crypto-land, things are muted, but it appears that the Coinbase-SEC lawsuit had a bit more behind it than we first realized. Tiger is out of Flipkart, selling its remaining stake to Walmart for $1.4 billion. The American investor did well on its Flipkart investment. Fidelity has cut the value of its investment in Gupshup, but remarked its Reddit, Discord and X investments up some. So, the news is not all bad. Twitter’s rebrand is a go on the App Store and the social app has a new tagline that we alluded to in today’s episode title, while Shein and Temu fight it out for global domination of the fast-fashion market. Whew! What a start to the week, yeah? 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.
0:17.5	This is Alex, good morning. It is Monday, July 31st, 2023.
0:23.2	I'm kind of blown away that somehow an entire month
0:25.8	or a third of the third quarter is gone,
0:27.8	but hey, August, what's up, then September,
0:30.4	and that means disrupting, that means yes,
0:32.4	lots of disrupt planning is going on.
0:34.0	We are busy.
0:35.0	But on the show today we have a massive earnings week for all of your favorite and least
0:40.3	favorite tech companies, coin base and the state of
0:42.9	crypto, Tigers Indian Exit, how Fidelity's Mark Downs giveth and
0:47.8	takeeth the way and then to close the latest on Twitter's
0:50.9	rebrand slash rebuild. Let's go.
0:53.4	Let's start with a look at the world of money and that means the stock market.
0:59.8	Shares were higher in Asia today,
1:05.0	shares were also largely higher in Europe this morning,
1:08.0	the euro area returned to growth in the second quarter,
1:10.7	and even better, inflation headed a touch slower in July than what was seen in June.
1:15.1	The good news is going on here in the US as well where stonks are up a hair and pre-market
1:19.4	trading but are pretty close to Flack heading into the final trading session of July.
1:24.0	But all that's kind of in the past what to be care about this week.
1:26.6	Well, it's earnings and there are a million names.
	...

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