Equity Tuesday: Everyone is raising money at the same time
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 1 June 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Equity is brought to you by Extra Crunch, that Prodigious Tech Ranch Paywell you keep running into. |
| 0:05.0 | You can break through that Paywell at a steep discount if you use the promo code Equity. |
| 0:09.0 | If you do, you'll get access to our best stuff and you'll make Equity look really good internally at the same time. |
| 0:13.5 | Enough of that, let's start the show. Good morning and welcome to Equity's Monday episode. Of course it is Tuesday because of the American holiday. |
| 0:31.0 | This is our weekly primer where we catch up on the news and as always |
| 0:34.5 | explore the numbers behind the headlines. Today is June 1st, the final month of the second quarter of |
| 0:40.2 | 2021 and yes that does mean it is earning season time in just one month |
| 0:46.4 | the US market is set to rise when it opens today Asian stocks were mixed while |
| 0:50.9 | European shares rose. |
| 0:52.5 | Bitcoin has been largely flat in the last 24 hours, |
| 0:55.4 | while Ethereum has been up by about 7% in the last day. |
| 0:58.9 | All right, look, everyone, despite the fact that it was a holiday weekend here in the US, |
| 1:06.0 | quite a lot happened over the last couple of days. |
| 1:08.8 | So picking from a very deep stack of news, here is what you need to know. |
| 1:13.0 | Tata, a huge Indian corporation, bought a majority stake in Big Basket, |
| 1:18.0 | which competes with other online grocers in the country, |
| 1:20.0 | so now we shall see Tata go up against the likes of Amazon and Walmart to help |
| 1:24.4 | control e-commerce in the very large and important digital market. |
| 1:28.0 | Also Bloomberg reported this weekend that a recent change in policy regarding |
| 1:31.6 | Ed Tech in China has, quote, |
| 1:33.6 | brought several potential mega IPOs to a screeching halt, end quote. |
| 1:37.9 | It appears that China intends to apply more regulatory pressure |
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