Mon. 08/15 – Adam Neumann To Take Another Crack At Real Estate

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 15 August 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Galaxy Digital shows Elon Musk real reasons to terminate an acquisition deal. a16z is making its biggest ever single investment. You’ll never guess with whom. Snap has more than a million paying subscribers. Cable Internet is losing subscribers for the first time ever. And that time Apple tried to talk Facebook into creating a subscription version of its services. Sponsors: Kolide.com/ride Storyblok.com/ridehome Links: Galaxy Digital terminates its acquisition of BitGo (The Block) Unity rejects AppLovin's takeover bid, to go ahead with ironSource buyout (Reuters) Adam Neumann Gets a New Backer (NYTimes/DealBook) Court Documents Confirm Xbox One Sold Less Than Half PS4 Numbers (GameLuster) Snapchat+ Tops 1 Million Paying Customers, Adds Four New Features (Variety) Cable Finally Loses Broadband Market Share in Q2 with First Negative Growth Quarter Ever (NextTV) The Secret Talks That Could Have Prevented the Apple vs. Facebook War (WSJ) The job openings at Sensel: https://www.indeed.com/cmp/Sensel/jobs Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Tech Meme Right Home for Monday, August 15th, 2022. I'm Brian McCullough.
0:08.3	Today Galaxy Digital shows Elon Musk real reasons to terminate an acquisition.
0:14.0	A16Z is making its biggest ever single investment and you'll never guess with whom.
0:18.5	Snap has more than a million paying subscribers.
0:21.2	Cable Internet is losing subscribers for the first
0:23.8	time ever and that time Apple tried to talk Facebook into creating a
0:27.5	subscription version of its services. Here's what you missed today in the world of
0:31.5	tech.
0:38.3	Elon, this is a valid reason to back out of a deal.
0:44.3	Galaxy Digital has terminated its 1.2 billion dollar acquisition of crypto custodian BitGo, announced in May 2021 after the service failed to provide audited financial statements.
0:49.3	Galaxy Digital also says they ain't paying a termination fee, quoting the block.
0:55.0	Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner,
1:01.0	said Mike Novigrats, CEO and founder of Galaxy Digital in the release.
1:05.4	We are committed to continuing our process to list in the U.S. and providing our clients with
1:09.6	a prime solution.
1:11.1	That truly makes Galaxy a one-stop shop for institutions end quote.
1:15.0	In May of 2021 Galaxy Digital announced the acquisition of BitGo for 1.2 billion dollars
1:20.0	However, the Black reported in March that the terms of the deal were being renegotiated.
1:24.9	The firm is currently in the process of reorganizing to become a Delaware-based company
1:29.8	which will enable it to list on the NASDAQ exchange, assuming it achieves regulatory
1:33.6	approval.
1:34.6	It is currently listed on the Toronto Stock Exchange under the ticker GLXY.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Amalgamated Internets, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Amalgamated Internets, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.