Twitter's failed OnlyFans-like product, OpenSea trading volume drops 99%, major FTC lawsuit | E1548

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 31 August 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

BIG Tuesday show! First up, J+M break down the insane saga of Twitter's now-cancelled OnlyFans-like product (1:41), OpenSea NFT trading volume dropping ~99% (20:47), a MAJOR FTC lawsuit against a data broker selling sensitive info (36:26), and more!

(0:00) Molly tees up today's news roundup!

(1:41) Twitter's cancelled OnlyFans-like product

(10:21) Dell - Apply for Dell for Startups and get an additional 10% off Dell Latitude products at https://dell.com/twist

(11:49) Practical issues around mixing adult content with brand advertising, Twitter's internal problems

(19:24) Indochino - Get $50 off any purchase of $399 or more by using code TWIST at checkout https://www.indochino.com

(20:47) OpenSea single day trading volume dropped ~99% from a peak of $400M+ in early May to ~$5M in late August

(29:42) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist

(30:46) Alexis Ohanian's Seven Seven Six is raising $177M to invest in distressed crypto assets

(36:26) Potentially groundbreaking FTC lawsuit brought against a data broker for selling sensitive geolocation information without user consent

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FOLLOW Molly: https://twitter.com/mollywood

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Transcript

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0:00.0	We got a big news show today with many wild topics this week is not getting quiet or even though everybody is a burning man.
0:07.1	Including Twitter's cancelled only fans project, maybe one of the worst ideas we've ever heard.
0:13.0	Oh no wait, the worst idea was still getting Eminem and Snoop Dogt to perform as their board apes to validate our critique from yesterday.
0:21.2	NFT trading volume is down 99% since May, but Alexis O'Hanian's new crypto fund is going to buy up some distressed assets.
0:31.6	We also talk about a major FTC lawsuit. It's a great show. Stick with us.
0:36.8	This week in Startups is brought to you by Delphur Startups provides key solutions for all your startup needs.
0:43.7	A dedicated tech advisor will get to know your business goals and deliver customized solutions for rapid tech enablement
0:50.1	with top business class PCs and accessories. Apply for Delphur Startups and get an additional 10% off
0:57.2	all Dell Latitude products at Dell.com slash Twist.
1:01.5	Indochino makes custom fitted suits, shirts and casual wear at affordable prices.
1:07.5	Shop for your next best look or book a virtual style consultation at Indochino.com.
1:14.4	Right now you can get $50 off any purchase of $399 or more by using code Twist at checkout and Vanta.
1:24.2	Compliance and security shouldn't be a deal breaker for Startups to win new business.
1:29.0	Vanta makes it easy for companies to get a SOC 2 report fast.
1:33.7	Twist listeners can get $1,000 off for a limited time at Vanta.com slash Twist.
1:41.9	Hey everybody, it's Tuesday and we have a full new show for you today.
1:45.4	Molly, we thought things would slow down.
1:48.5	Everybody's favorite social network, Twitter.
1:52.4	It doesn't stop.
1:53.2	You have been worried about product velocity.
1:55.0	I'm just saying they have no problem with product velocity.
1:59.6	The ontographers in this are going to get.
	...

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