The discussion kicks off with the financial impact of Elon Musk's recent Twitter changes and his monetization strategies. It reveals the current state of self-driving technology, which is still lagging behind expectations. The hosts highlight a surge in crypto prices, even as trading volumes decline. There’s an optimistic look at startup investment, with Zebra Labs and Invygo securing funding despite a chilling venture capital landscape. Lastly, they ponder the fate of unicorns as Q4 approaches, raising concerns about potential casualties amidst growing economic uncertainties.
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insights INSIGHT
Market Overview
Global stock markets show mixed trends, with China down due to shrinking factory activity.
US markets anticipate a Fed rate hike, impacting tech and crypto.
insights INSIGHT
Cryptocurrency Market Update
Crypto prices show gains, with Bitcoin over $20,000 and ETH around $1,600.
However, overall crypto trading volume remains low compared to previous periods.
question_answer ANECDOTE
Twitter's Transformation
Twitter, now a private venture-backed company under Elon Musk, faces scrutiny.
Musk's plans include charging for verification and rapid reforms, causing internal friction.
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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.
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?
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.
Equity