Stocks are on a rollercoaster, with signs of recovery in American markets despite global declines. Cryptocurrencies are lackluster, raising eyebrows. TikTok is quickly ramping up revenue in Europe and launching a new shopping feature in the U.S. Meanwhile, Kim Kardashian faces a hefty SEC settlement over her crypto promo missteps. Tesla’s disappointing delivery numbers leave investors uneasy. Stay tuned for exciting developments from startups like Talk360 and more intriguing financial insights!
08:21
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Global Market Trends
Global stock markets show mixed trends, with Asian markets divided and European markets down.
US markets are up pre-market, but overall sentiment remains uncertain due to recent volatility.
insights INSIGHT
TikTok's Growth and Losses
TikTok's European revenue grew significantly, but it also incurred substantial losses due to growth spending.
This raises questions about its profitability and growth trajectory in other markets, like the US.
insights INSIGHT
TikTok's US Live Shopping
TikTok is partnering with companies like TalkShopLive to launch its live shopping feature in the US.
This move follows the pattern of successful social networks expanding into e-commerce.
Get the Snipd Podcast app to discover more snips from this episode
Markets: Stocks are largely down around the world, yet set to rise here on American exchanges. Perhaps the domestic selloff is pausing? Elsewhere in the world of money, cryptocurrencies are boring in the last week.
Quick Hits: Kim Kardashian is in trouble for crypto promotions past, to the tune of a seven-figure settlement. That's a lot of capital, frankly, and we're curious who will be next under the SEC's hammer. Oh, and Tesla delivery numbers are in, and the markets are not happy.
Don't Forget: Equity is kicking off Disrupt in just a few weeks. Come hang out!
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