Public tech's espresso shot is quite literally The Cloud

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 1 August 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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. Last week we said that you needed to pay attention to the public markets, and we weren't kidding. It was a huge week for earnings -- with notes from all over including the ad market and cloud spend. But this week's Monday show was more than just another entry in the series, it was an experimental live show! Natasha joined Alex for the fun, and this is what they got into: Stocks up, crypto mostly flat after a solid week of gains. Will Alibaba delist, or not? That question matters more than just what happens to the singular Chinese tech giant. The question really belies a larger query regarding the ability of Chinese tech companies to access foreign markets more generally, places where the capital can flow at a high clip. Given China's economic woes, cutting off that particular liquidity pipe might be risky. From there we went to Clearco layoffs, UiPath buying Refiner, and Oui's first close of its new fund. And then we wrapped with a dive into Big Tech earnings. The key gist? These companies are too big to summarize, and without the cloud they would be struggling. Amazon’s shares rise on earnings beat, despite $2B loss Apple’s services revenue growth slows to $19.6B in Q3, reaches 860M paid subscriptions Microsoft misses expectations, points to foreign exchange rates and weakened PC market Meta posts its first ever quarterly revenue decline And via CNBC, Alphabet misses on earnings and revenue for second quarter So, what'd you think? Should we go live again? Next time with Equity-themed espresso cups that no one can enjoy other than us? Let us know, and don't worry, the Equity team is back on Wednesday with a smashing bootstrapping show. Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. 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 Tech W's podcast, about the business of startups,
0:13.6	where we unpack the numbers and the new ones behind the headlines.
0:16.6	This is our Monday show,
0:18.6	and it is coming to you later in the day,
0:20.8	not because we're lazy, not because we slept slept in but because we have a surprise and here she is
0:25.4	Natasha Moscarinus please say hello hello a surprise everyone I have made it to a show another week of work and this is definitely the busiest I've
0:34.4	ever started my week of all time it's just jumping on live and talking to Alex so
0:38.1	this is gonna be fun yeah no pressure to get all the numbers right and not make a
0:41.9	mistake right when you're drinking your first coffee.
0:43.7	On the East Coast it's lunchtime so I'm feeling fantastic.
0:46.9	But Natasha, to give everyone a quick overview of what we're going to do, we're going to take
0:51.0	essentially the usual Monday format and we're going to glom on some stuff at the end.
0:54.6	So we're going to start by talking about the markets.
0:56.7	We have some breaking news from the last couple of days, couple of notes on startups,
1:00.9	and then at the end we're going to talk big tech results and
1:03.4	what we're taking away from last week's key set of earnings but to kick things off
1:07.1	can I please talk about the stock market please do what's going on what's going up
1:10.9	ha ha well really it's kind of like what's going down.
1:14.0	But in this case, the news actually is mostly good this week.
1:17.0	In the last couple of months, we've kind of had mostly sad news,
1:21.0	but today shares are up over in Asia. They are mostly higher in Europe and
1:26.5	Critically for us here in the US, American shares are also trading higher in very early trading today. So it feels, you know, I don't want to jinx the week, but overall,
	...

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