Equity Dorsey leaves Bluesky, tech giants do more with less, and the next IPO
May 6, 2024
The podcast dives into Jack Dorsey's departure from Bluesky and what it means for decentralized social networks, alongside a busy earnings week for tech giants. It highlights job cuts in China's tech sector, drawing parallels to layoffs in the U.S., and points to Puerto Rico as a potential tech innovation hub. The discussion also covers the upcoming IPO of Beijing Momenta, aiming to raise $300 million in self-driving tech. Lastly, the shift towards alternative cloud services and semiconductor innovations reveals a competitive landscape full of opportunities.
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Dorsey Leaves Bluesky
- Jack Dorsey left BlueSky's board, impacting the Twitter alternative's credibility.
- Dorsey's involvement with Nostr, a competing social network, might be related to his departure.
Tech Giants Doing More with Less
- Chinese tech giants, like US counterparts, are reducing their workforce.
- Despite layoffs, their impact extends beyond direct employees due to their influence on related industries.
Momenta's IPO
- Chinese self-driving company Momenta filed for a US IPO, potentially raising $300 million.
- This signals either self-driving's maturity or its need for more funding.