NEWS: $BABA & $TCEHY layoffs, Google's AR purchase, $APE coin; OK Boomer: Smirk | E1412

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 20 March 2022

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First, Jason and Molly rip through the news (1:44). They cover looming layoffs at two Chinese tech giants (2:31), Google getting back into the AR glasses race with a new acquisition (7:27), chaos in the instant delivery space (13:15), and Yuga Labs launching $APE coin, a BAYC token. (24:58) Then, Producer Rachel interviews Smirk founder Preson Attebery on mobile gaming, the future of social gaming, and more! (33:00)

0:00 Jason and Molly tee up today's topics!
1:44 Rapid fire news!
2:31 Alibaba & Tencent brace for massive layoffs
7:27 Google re-enters the AR glasses race with its $1B acquisition of Micro LED startup Raxium
11:48 Dell For Startups - Visit http://dell.com/twist to apply for Dell for Startups and get up to 45% off select items!
13:15 Instant delivery madness: Getir raises at a $12B valuation, Russian-based Buyk declares bankruptcy due to inability to fundraise from Russian sanctions
23:20 LinkedIn Jobs - Post your first job for free at https://linkedIn.com/twist
24:58 Yuga Labs launches $APE coin
31:47 Intercom - Get access to Intercom's Early Stage Academy at a 95% discount at https://www.intercom.com/early-stage
33:00 Producer Rachel joins to tee up today's OK Boomer segment
34:42 OK Boomer: Smirk Founder Preston Attebery
1:06:02 Plugs!

Check out Smirk: https://www.smirk.gg

FOLLOW Preston: https://twitter.com/prestonattebery

FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	All right, everybody, it is Friday.
0:01.3	We have another lightning round of news mostly.
0:05.0	We're going to talk about Alibaba and Tencent
0:06.8	having massive layoffs coming 10 to 15%
0:09.7	according to sources.
0:10.8	Yeah, Iks, we'll talk about Google acquiring
0:12.9	an AR LED company and getting back into the AR glasses race.
0:18.9	This instant delivery race and crazy evaluation
0:22.7	of Ruhaha continues companies raising at 40 billion,
0:26.6	12 billion, we're going to dig into it
0:28.1	can this business ever be profitable
0:30.2	and who's going to win it?
0:31.5	And we give some thoughts on a Russian startup
0:33.9	filing for bankruptcy due to their inability
0:36.5	to raise more money because of sanctions.
0:38.8	I got a hot take on that one.
0:39.9	And finally, we're going to talk about
0:41.3	eight coin the Board eight Yacht Club
0:43.0	has their own cryptocurrency.
0:44.9	And maybe what the end game is for these NFTs.
0:49.7	And afterwards, producer Rachel has another great
0:52.8	okay Boomer interview because she's blowing up.
	...

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