Spotify throws its hat in the edtech ring

Equity

TechCrunch

Business, News, Technology, Business News, Entrepreneurship

4.2 • 372 Ratings

🗓️ 25 March 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on the show we had a lot of ground to cover: Stocks around the world are in retreat to start the week, while crypto prices have themselves given back some recent gains. The biggest news item that we covered this morning was the exit of Stability AI’s CEO, the company’s revenue growth and burn rate have come into question before, making the move all the more newsy. Over in the EU, a number of U.S.-based tech companies are under inquiry thanks to the new Digital Markets Act. At some point you have to wonder if tech giants are going to find a better working relationship with the bloc. And speaking of Europe, Spotify’s next push is another non-musical effort, which I had a few thoughts about. None of which were incredibly excited, I have to admit. The news from China, including it getting the Vision Pro next, and a push to get Intel and AMD chips out of state computers. And we closed with this beverage startup report! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! 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, the Tech Runch Podcast, about the business of
0:15.2	startups where we unpack the numbers and the nuance behind the headlines.
0:19.2	This is Alex, good morning. Today is March 25th, 2004, which means this is the very last equity Monday of
0:26.9	Key 1. I am in awe, how fast this quarter went, but no time to look backwards. Let's talk about what happened this weekend and what is coming up on this week
0:36.2	So on the show today for you I have stocks and crypto more AI personnel moves because apparently we are never going to get away from that theme.
0:47.1	New regulatory issues for Apple and Alphabet, Spotify, getting into e-learning of all things China wanting to get away from US chips and why
0:56.8	liquid death is super cool it's gonna be a packed show let's go
1:07.1	Let's start with a look at the world of money and you know it. That means the stock market.
1:08.8	Shares are largely lower in Asia today, the same over in Europe and are set to open once again lower here in the
1:15.6	US. Now do keep in mind that US trading days are shorter this week due to a religious holiday,
1:21.8	so just four trading days here in the States.
1:24.3	On the earnings front, my gosh, my friends, we are at the very end of Q1 so I only have six names for you.
1:30.3	On Tuesday, we'll hear from Encino, which is built on the Salesforce platform.
1:34.6	Then Wednesday brings us Braise, Sprinkler, and Rumble, and then Friday is SK Telecom.
1:40.3	So very
1:43.4	very few names some of which are sass and then there's rumble which is online video and hosting which should have a very interesting upcoming report
1:49.1	The stock market is cooling down and we're seeing the same thing over in the world of crypto is coming back down to earth. Bitcoin is off just over 2% in the last week
2:05.0	to around $67,000 per.
2:07.8	Ethereum is off just under 5% to about $3,400,
2:12.1	and Solana's token, which recently ripped higher, is off about 9% in the last week to $188.
2:19.7	Don't worry though, my friends, Dogecoin is up 15% in the last week and spot trading volume is
2:25.9	coming down modestly from recent peaks but remains massively up from the prior
	...

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