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This Week in Startups

Rapid Fire News: China’s techlash continues, Tesla’s incredible Q2 earnings, Tether holders move to USDC & more | E1254

This Week in Startups

Jason Calacanis

Technology

4.21.4K Ratings

🗓️ 27 July 2021

⏱️ 42 minutes

🧾️ Download transcript

Summary

Jason covers China reigning in big tech (2:03), Tesla’s incredible Q2 earnings crossing $1B in profit (25:30), a $300M market movement from Tether to USDC (33:24), and gives a breakdown of a Binance Crypto Pump Telegram group (37:43).

Transcript

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0:00.0

Okay, we've got a great news story for you today.

0:02.5

China's tech lash continues.

0:04.0

They're shutting down companies.

0:05.1

People are losing tens of billions of dollars.

0:08.0

And one has to wonder, and we'll talk about today.

0:10.9

What is China's endgame here?

0:12.3

Why are they doing this?

0:13.6

Tesla had an incredible Q2 earnings call

0:16.1

reporting over a billion dollars in profit,

0:18.5

and they can make over a million cars a year now.

0:21.6

That's just mind blowing being a Tesla superfan

0:24.3

for all these years as a customer.

0:26.6

Additionally, we keep covering this tether story.

0:30.4

Yesterday, $300 million float out of tether

0:33.4

to circle another stable coin.

0:36.5

Is this the end of tether?

0:37.8

After their Department of Justice investigation

0:40.2

was announced, it's not looking good for tether.

0:42.9

I got some insights into what you should do

0:44.8

if you hold crypto on an offshore account

0:46.8

or if you own tethers.

0:48.2

Finally, we found a pump and dump group on telegram

...

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