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Equity

See? Fintech isn’t doomed, it just needs more time

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 16 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Today on Equity, we're covering the weekend's headlines and prepping for the week ahead with a look at stocks around the world, key earnings and what's happening with crypto. Elsewhere, Uber is shutting down Drizly, Spot Technologies and Kuda are raising fresh capital, and changes are coming for Apple, Microsoft and OpenAI.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome back to Equity, the Tech Runch podcast about the business of

0:14.7

startups where we unpack the numbers and the nuance behind the headlines.

0:18.4

This is Alex Good Morning. It's January 16th, 2024 and from from where I'm sitting, it's still snowing.

0:24.5

So if you're in a warmer part of the world,

0:26.5

congratulations, I'm jealous.

0:28.5

Anyways, the show today shall be hot because we are going to start with stocks and

0:32.0

crypto.

0:32.6

Then we have startup news including a shutdown, a $2 million seed raise,

0:37.0

and a little bit about FinTech.

0:38.9

Then there's a new king of smartphone sales and a shrinking market, and then AI hardware, it turns out, is a big hit.

0:46.2

Let's go.

0:49.7

Let's start with the world of money, and that means the stock market. If you spend the globe

0:53.8

shares are lower over in Asia today and they are also lower in Europe this morning.

0:58.7

The Redink persists to the United States where stocks are set to fall in pre-market trading.

1:03.7

Again, it's a short week, keep that in mind, but still we can do a lot of damage in four trading days.

1:09.1

Now, on the earnings front, there is only one company you need to know of this week and that is the Taiwan

1:15.4

semiconductor manufacturing company. Better known as T.S.M.C. It will drop its Q4 numbers this

1:21.7

Thursday.

1:22.8

Now, we already got its partial December results,

1:25.3

so I doubt that there's going to be big shocks

1:27.0

in these earnings, but guidance could be pretty interesting

1:30.1

if chips are your thing.

...

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