Fri. 01/10 - I Flip-Flop on Quibi

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.7 • 1K Ratings

🗓️ 10 January 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

More trouble for Softbank startups, more layoffs at scooter startups, VC deals plateaued last year but music streaming continues to skyrocket, how much money does Netflix lose to password sharers and of course, the weekend longreads suggestions. Sponsors: Stackbit.com/techmeme Tiny Capital Links: SoftBank-Backed Oyo Firing Thousands Across China and India (Bloomberg) E-scooter startup Lime shuts in 12 markets, lays off around 100 (Axios) The Q4/EOY 2019 Global VC Report: A Strong End To A Good, But Not Fantastic, Year (Crunchbase News) U.S. Music Streams Topped a Trillion in 2019 (WSJ) Streaming Services Reckon With Password-Sharing "Havoc" (The Hollywood Reporter) I’m a Millennial, and I Don’t Understand What Quibi Is Trying to Do (Fortune) Weekend Longreads Suggestions: QUIBI VERSUS THE WORLD (The Verge) The hidden world and overlooked problems of acting in video games (Washington Post) Why your favorite celebs are ditching Twitter for an app you’ve never heard of (Fast Company) AN ORAL HISTORY OF RICKROLLING (Mel) Admit It: You Have a Box of Cords You’ll Never, Ever Use Again (WSJ) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Ride Home for Friday, January 10th, 2020. I'm Brian McCullough today.
0:09.0	More trouble for Soft Bank startups. More layoffs at Scooter startups.
0:14.3	V.C. deals plateaued last year, but music streaming continues to skyrocket.
0:19.1	How much money does Netflix lose to password sharers and of course the weekend long read
0:24.4	suggestions here's what you missed today in the world of tech.
0:29.8	The Soft Bank Fall Out Watch continues as sources are telling Bloomberg that Soft Bank
0:37.6	backed Oyo has let go of 1800 staff. Roughly 5% of its 12,000 employees in China, and 12% of its total 10,000 employees
0:48.0	in India.
0:49.7	This is super interesting because aside from We Work, if you were to run the clock back six
0:54.8	months or so ago Oyo was by far the crown jewel holding in the soft bank portfolio.
1:01.5	Oyo the the Airbnb-like Hotelier, is one of soft bank's biggest investments.
1:08.0	Quote, we continue to be one of the best places to work for and one of the key reasons for this has been our ability to
1:13.8	consistently evaluate, reward, and recognize the performance of
1:16.6	individuals in a meritocratic manner and enable them to improve their
1:20.6	performance, Oyo said in a statement.
1:22.8	Adding to Oyo's challenges, hotel owners in China have been protesting in front of the company's offices
1:28.9	accusing the startup of violating contractual agreements.
1:32.5	The growing turmoil may complicate Soft Bank's efforts
1:35.2	to raise a successor to the Vision Fund,
1:37.8	the world's largest pool of startup investments, end quote.
1:41.5	Violings that came out in December showed that Oyo had a net loss of $332 million on revenue of $900 million
1:48.5	in the year through March 2019.
	...

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