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Equity

Twitter is a startup again, I guess

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2372 Ratings

🗓️ 31 October 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Stocks are mixed around the world, notably lower in China on the back of some negative economic data, and down in the United States ahead of what is expected to be another rise in interest rates thanks to the Federal Reserve. Crypto prices have held onto recent gains. A busy weekend of Twitter leaks lead the news cycle. Precisely if, and if yes, how much, Twitter can charge for verified accounts to keep their badge is now a point of conversation. Other reports of development deadlines with termination held as a threat if they are not met are likely doing great things for staffer morale. It turns out that self-driving cars are still far away. I am crying. Startups Zebra Labs and Invygo raised money, showing that the global startup investment market has not frozen, and that there is still funding for more future-facing efforts like Zebra in the metaverse. Finally, we're keeping close tabs on the Q4 venture capital cycle. If we don't see a rebound soon, how many unicorns die? And that's our show! More Wednesday! Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, 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, one that details how our stories come together, 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 Runge Podcast,

0:04.0

where we unacked the numbers and the new ones behind the headlines.

0:17.0

It is October 31st, 2022, which means here in America it is Halloween, theooky holiday in which you carve pumpkins and

0:25.4

wear strange shoes and a mask and wander around and go booo as you can tell I'm not

0:29.5

particularly good at holidays but I did go out and find a Halloween joke for everybody I think we

0:34.1

actually promised this last week so ahem roll with me here why did the ghost go

0:39.3

into the bar for Anyways, welcome back. Let's talk about money.

0:46.0

Kicking off with a look at the world of stocks over in Asia.

0:52.0

Shares are up in South Korea and Japan.

0:54.9

They are down in China.

0:56.6

Now, why is that?

0:57.7

Well, one data point to consider

0:59.6

is that factory activity shrank in China

1:01.8

in October compared to September, Not a very good sign.

1:05.2

Also the Chinese currency continues to weaken. Turning to Europe, shares are flat-ish, but leaning up if I had to pick a direction. Don't forget later this week, the Bank of India. is in pre-market trading shares are set to fall at the open. It is read across the board and much like in

1:26.0

England our Federal Reserve is expected to raise rates by about, well you guessed it,

1:30.3

75% later this week.

1:34.4

Elsewhere in the world of money, this week is going to have FinTech earnings galore.

1:38.3

We're going to hear from, if my notes hold up,

1:40.2

coin base and block, also known as Square,

1:42.6

PayPal and Robin Hood.

1:44.5

Lots to learn.

...

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