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Tech Brew Ride Home

Thu. 11/18 – So… Who Actually “Takes Delivery” Of The Constitution?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 18 November 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

Paytm has a rough IPO. Nvidia has another in a long line of crushed earnings reports. Grammarly is an interesting raise. Twitter wants to take the pulse of the stock market. And if ConstitutionDAO wins its auction today, there are some practical questions to answer like, who actually goes and picks it up? Sponsors: Tovala.com/ride Dataiku.com Links: Paytm falls 27% on first trading day after India’s largest IPO (TechCrunch) Nvidia easily beats earnings expectations on strong gaming and data center sales (Yahoo!Finance) Grammarly raises $200M at a $13B valuation to make you an even better writer using AI (TechCrunch) AllTrails raises $150M after COVID accelerates people’s interest in exploring the outdoors (TechCrunch) Nreal’s $599 mixed reality glasses are launching in the US on Verizon (The Verge) Twitter partners with S&P 500 on stock index that crowdsources public opinion (CNET) Crypto Group’s Bid for Constitution Faces Real-World Snags—Who Picks It Up? (WSJ) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Mem Right Home for Thursday, November 18th, 2021. I'm Brian McCullough today.

0:09.0

PayTM has a bit of a rough IPO.

0:11.0

NVIDIA has another in a long line of crushed earnings reports.

0:14.9

Grammarly is an interesting raise.

0:17.0

Twitter wants to take the pulse of the stock market.

0:19.5

And if that Constitution Dow wins its auction today. There are some practical questions to

0:24.2

answer like who actually goes and picks it up. Here's what you miss today in the world

0:28.6

of tech. Let's check in on some angles that we haven't talked about in a little while.

0:36.2

Remember, PayTM. It's one of those big super apps, but in India, handling everything from digital payments to e-commerce to finance, it was backed heavily by

0:46.7

Soft Bank and Alibaba, and it had an IPO in India yesterday that did not go well. It closed down 20% giving Paitm a market valuation of

0:57.2

14.9 billion dollars, which is also not great seeing as how its last private valuation was

1:04.1

sixteen billion dollars quoting tech crunch

1:06.9

thursday's ipo is the latest in a series of listings by Indian startups as many

1:11.0

begin to explore the public markets following years of growth.

1:14.0

Indian food delivery startup Zomato, online insurance aggregator policy bizarre and fashion commerce NICA,

1:21.0

have made stellar debuts in the public market this year. Compared to

1:25.2

those of its peers, the early hours training for pay-tiam shares has been

1:28.9

disappointing so far. But many industry executives said that day one performance of shares is not the best measure to assess the success of

1:36.6

P ATM which offers a range of services including peer-to-peer payments and digital banking.

1:41.5

P ATM chronicles the mobile payments adoption in India today.

1:45.8

This is not Paytiam getting listed.

1:48.1

This is India's youth getting listed, said a stock analyst.

...

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