Equity Monday: Where fintech is strongest as SBF heads to court

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 2 October 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to Q4 2023, the period in which we are all going to pretend to have gotten enough done this year. Here’s what we got into on the show today: Stocks are mixed around the world while crypto tokens are enjoying a nice price-upswing in recent days. A recent article argues that Apple has all the ingredients it needs to build a search engine to take on Google and Microsoft. At issue? The fact that Apple makes so much money not having a search engine. For startups, more competition here could be good. EU telcos want to get paid twice, unsurprisingly. While the Amazon-FTC case is still big news, this week we’ll see the trial of former FTX maven SBF kick off. TechCrunch is ready. And to close out, why are we seeing so many Seed-stage fintech deals? Here’s the answer. Stick close to TechCrunch this week, it’s going to be busy. 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 Runge Podcast, where we unpack the numbers and the nuance behind the headlines.
0:18.0	This is Alex and good morning. It's Monday and that means it's time to take a look back at the weekend and look at the week that is to come. Today is October 2nd, 2023 and on the podcast for you this morning I have a quick look at the financial markets
0:34.4	Apple search and startups net neutrality once again the upcoming SBF trial and
0:40.6	why seed stage investments are catching our eye in a key startup sector.
0:45.0	Let's go.
0:47.0	Now a look at the world of money and that means stocks.
0:52.0	Shares are mixed in Asia despite better than expected results from China
0:56.5	which saw its PMI rise to 50.2 which implies expansion in its factory activity.
1:02.3	That was very welcome. Stocks are
1:04.1	slightly negative in Europe today because EU manufacturing data has looked
1:08.2	miserable and that is not helping. And then stocks are mostly flat in
1:12.3	pre-market trading here in the US
1:14.3	where we're in the midst of yet another internal fight to merely pay our debts.
1:19.0	What fun? There are no earnings this week. You're welcome. But we are on the precipice of all the Q3 venture capital data. That's just around the corner. So do expect a lot of charts on the site regardless.
1:31.0	From stocks to crypto, well, the news gets better.
1:34.2	Bitcoin is enjoying a recent up draft, rising nearly 4% in the last day alone,
1:39.4	and it's up a little more than 8% in the last week.
1:42.7	Buying 1 Bitcoin will now cost you more than $28,000 again,
1:46.8	and that's according to recent coin market cap data.
1:50.0	Ifarium's token is doing even better
1:52.0	up just over 10% in the last week to more than $1,700 per eith.
1:57.6	Solana, Cardano, Polygon, and other chains are also seeing their native tokens add a lot of value in the last week.
	...

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