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Equity

It would be nice to not talk about Elon Musk for a bit

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 10 October 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Don’t forget that the code “EQUITY” can save you money on Disrupt tickets and TechCrunch+ access. And it makes us here on the show look good! We're gearing up to take the show on the road in short order, but don't worry about that this week. Service will continue as usual until we kick off Disrupt next Tuesday! Today, we got into the weeds about: Markets: Stocks are down in most of the world, albeit somewhat mixed in Europe. Crypto is mostly flat, with the XRP breaking the trend by being interesting. The Block reports that crypto volumes ticked higher in September, which could bode well. Startups: Clerkenwell Health just raised a couple million pounds for testing alternative medications for mental health conditions. We're excited about that. And Trendsi raised a $25 million Series A, which is no small deal, as we had expected to see smaller early-stage rounds this year. Good on Trendsi! Quick Hits: Kanye West and Elon Musk once again took over the news cycle, this time after the former got into trouble for anti-Semitic posts on Instagram and Twitter. In between, Musk welcomed Ye back to Twitter. Also Tizen is not dead, and PayPal is having a hellish start to the week. Don't forget: We are live next week on the first day of Disrupt! Come hang! More to come Wednesday, and Friday. I can't wait! Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotifyand 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

0:15.6

nuance behind the headlines.

0:17.3

It is October 10th, 2022 and yes, this is Alex, happy Monday.

0:21.3

Welcome to the week. I am in panic mode more or less because I'm

0:25.4

packing for Disrupt which is next week I'm flying to Oregon a little bit early before I head down to the

0:30.8

Bay Area but wow we're finally here.

0:33.2

We're gonna kick off, it's gonna happen.

0:34.9

And there's a lot of news about equity,

0:36.8

so we're gonna put that at the very end of the show,

0:38.5

but if you want to know what is going on next week with the pod,

0:41.5

stay tuned.

0:42.4

And I think you can still use the code

0:43.7

equity to save money on tickets if you need to otherwise we'll see you there and now

0:47.1

let's talk about the stock market.

0:50.1

Taking a look at the world of money we're going to start with the stock market.

0:54.8

Shares are down sharply in Asia today, especially on the Hongsang Index.

0:59.6

Shares are mixed in Europe where Russia continues to shell Ukraine Ukraine causing, you may have heard about it,

1:04.4

a little bit of geopolitical tension.

1:06.4

And here in the US shares are set to open lower but nothing too painful.

1:10.4

Of course when the stock market actually does open here that can change so do keep your eyes peeled and it's too early for earnings

1:17.0

But as we're in the second week of the fourth quarter we are very nearly ready for that data dump

1:21.8

I'm hoping everyone holds off until after disrupt so I can kind of you know focus on what happens but we shall learn about Q3 very soon and then turn into the world of decentralized money what's going on in crypto? Well not much to report. to the

...

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