Equity Monday: Vice files for bankruptcy, Foxconn's investment in India, and two fascinating startup rounds

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 15 May 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we talked about media, startup rounds and some Big Money Moves: Stocks are mostly up to start the week while crypto remains within the bounds of its recent trading range. Again. Vice has filed for bankruptcy, again highlighting how hard the media game can be. The company's eventual selling price looks like it will be a fraction's fraction of its once great worth. Foxconn is investing more in India, underscoring how critical it is for major electronics supply chain companies to diversify out of China — and the immense costs involved. Brex took a shot at buying part of SVB's portfolio, TechCrunch reports. Startup rounds: Smart raised $95 million at a slight discount to its 2021-era valuation and M-KOPA secured a pile of equity and debt fundraising. And we closed with the interesting sale of Forbes. Equity will be back on Wednesday and Friday! We'll see you then! 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 Runch Podcast, where we unpack the numbers and the nuance behind the headlines.
0:17.0	This is Alex and this is our Monday show where we take a look back at the weekend and a look ahead to the week to come.
0:23.3	It is May 15th today and that means we have reached the midpoint of Q2.
0:27.8	So I do hope that you are halfway to all of your goals,
0:29.9	KPI's and OKRs.
0:32.2	On the show this morning we we have stocks in crypto,
0:34.5	vice in bankruptcy, big money for Indian manufacturing,
0:37.8	two big startup rounds, and more.
0:39.7	Let's go.
0:40.5	Let's start with a look at the stock market. go.
0:48.0	Let's start with a look at the stock market and it does appear that shares are up nearly everywhere around the world. So if you own equities, happy Monday.
0:50.0	Shares were mostly higher in Asia today, rising in Japan and South Korea and China.
0:55.2	Major industries were nearly all higher in Europe as well.
0:58.4	And here in the US shares are set to rise at the open, though of course that could change by the time you hear this.
1:04.4	As it is the midpoint of Q2, we don't have that many earnings calls to watch, but we will get numbers
1:08.5	this week from Baidu, Ali Baba, and Tencent, and Zoom will report next week.
1:15.0	And next up we have crypto, and I want to know, do you like your Bitcoin to cost around
1:18.9	$27,000 because the well-known cryptocurrency is once again back to that level.
1:24.0	Eth is hovering around $1,800 this morning, both major tokens off 2% in the last week
1:29.2	and up a point or two in the last 24 hours.
1:31.8	Volatility in the crypto world does seem to have picked up a little in the last week,
1:35.8	but not so much as to be super material.
	...

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