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Bloomberg Technology

Reddit's IPO, Bitcoin's Rise, and SVB's Collapse

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 11 March 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down the latest details on the Reddit IPO as the social media company looks to raise nearly $750 million, and Bitcoin tops $72,000 for the first time. Plus, Vinod Khosla discusses the state of the VC ecosystem since the collapse of Silicon Valley Bank one year ago, and shares his thoughts on Elon Musk's OpenAI lawsuit.

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:31.7

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Loa. I'm Caroline Heide in Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco. This is Bloomberg Technology.

1:01.0

Coming up, we'll bring you the latest details on that Reddit IPO as the

1:05.1

social media company Eyes raising nearly a 750 million dollars with its public

1:09.7

offering. Plus Bitcoin top 72,000000 for the first time as the digital currency continues its

1:17.4

rally.

1:18.4

A The Theilist Niedo of 21 shares joins us to discuss.

1:21.0

And later this hour we'll be joined by Venture Capitalist Vinod Koseler to talk one year since the

1:25.8

collapse of Silicon Valley Bank and of course his thoughts on open AI and so much more.

1:31.0

But now let's turn our attention to the public markets and a little bit of

1:34.5

caution still surrounding these tech names. We sold off on Friday, we continue that into

1:37.9

Monday as we are big macro points from the PPI, from the CPI, basically where is inflationary pressure taking us.

1:45.0

We're down only by about a tenth of a percent on the NASDAQ, and I'm looking at a 10-year

1:48.5

yield up only some two basis points now, so we're just fading some of that initial sell-off but still

...

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