Luminar’s Latest Lidar Technology, New York Times Reporter on the Dark Side of Amazon & Thumbtack Valuation to $3.2 Billion

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 15 June 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plexo Capital Managing Partner Lo Toney joins us this morning to discuss the broader market and share his thoughts on J.P. Morgan. Then, Luminar Founder and CEO Austin Russell is here on the company’s latest design announcements seamlessly integrating lidar technology into cars, trucks and robo-taxis. Later, Sequoia Capital Partner Shaun Maguire joins our anchors to discuss the rise of BitClout and the broader cryptocurrency market. Also, New York Times reporter Karen Weise speaks to her latest article detailing the struggles faced by Amazon warehouse workers. Then, CNBC’s Courtney Reagan has the scoop on Whole Foods since it was acquired by Amazon four years ago. Plus, Thumbtack Co-Founder and CEO Marco Zappacosta joins after the company, which connects independent contractors to customers, secured new funding raising its valuation to $3.2 billion.

Transcript

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0:00.0	I'm Deerreboza and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.8	Good Tuesday morning and welcome to Tech Check. I'm Dear DeBozo with John Fort. Carl has the morning off.
0:13.4	Today, gig inflation or reality check, what higher prices mean for tech investing and how to play it.
0:19.4	Plus a crypto social network backed by Sequoia.
0:23.4	We speak to the partner behind that investment this hour and later, the Amazon you don't see,
0:28.2	the reporter behind that explosive New York Times investigation joins us on the show. John?
0:33.3	Yeah, we're also watching Draft Kings following a short seller dropping a new short call on the company.
0:38.9	You can see it down about 4%.
0:40.6	It was down a lot more.
0:41.7	Plus, a couple of stay-at-home stocks moving to the downside this morning as big tech hits all-time highs.
0:47.1	Later on I, we're going to sit down with the CEO of Luminar on autonomous driving, EVs, Tesla, and more.
0:55.1	And we begin with the NASDAQ easing some, but it did finish yesterday at a record.
0:59.7	Stocks are lower this morning ahead of that Fed meeting, but we are back to the era of setting
1:04.5	new all-time highs.
1:06.2	One sector, though, sitting at the recent tech comeback, that's gig economy stocks.
1:10.4	Take a look at Uber, Lyft, Airbnb.
1:12.5	They're all down between 7 and 25% over the last three months. DoorDash, the exception,
1:17.5	it is up nearly 10% during that time. But the focus here, John, the gig economy inflation.
1:23.0	Users are starting to feel the crunch of higher prices, and they're complaining about it on
1:27.4	social media.
1:28.4	The average Uber and Lyft ride costs 40% more than a year ago, according to data from Rackutan.
1:34.0	The cost of a bird scooter rising 180% in some places.
	...

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