Equity I regret to inform you that Elon has something to do with this
Oct 28, 2022
Anita Ramaswamy, a reporter from Chain Reaction, joins hosts Natasha Mascarenhas and Alex Wilhelm to discuss the latest in tech and crypto. They dive into Twitter's tumultuous shifts since Elon Musk's takeover, amid massive layoffs. The conversation shifts to Apple’s stringent App Store fees affecting NFTs, stirring debate among creators. They also touch on the rise of the social media platform BeReal, contrasting its authenticity with other giants. Plus, there's a brief look at the challenges facing Chinese startups in today's volatile market.
AI Snips
Chapters
Transcript
Episode notes
Launch House Investigation Optics
- Launch House faced allegations of harassment and assault, leading to an investigation.
- The same law firm handling their defamation claims was initially chosen to conduct the independent investigation, raising conflict-of-interest concerns.
Sequoia India's EdTech Bet
- Sequoia India is making a $50 million investment in K-12, an Indian edtech school management company.
- This investment comes after Byju's, India's most valuable startup, faced struggles and a down round.
BeReal's Authentic Approach
- BeReal, a social media app focused on authenticity, raised $60 million in a Series B.
- Its daily prompt feature encourages unfiltered snapshots, contrasting with planned Instagram posts.