Public tech's espresso shot is quite literally The Cloud
Aug 1, 2022
The discussion kicks off with a lively analysis of the stock market, highlighting both gains and potential risks, especially concerning Alibaba's possible delisting. ClearCo layoffs and a strategic acquisition by UiPath show the ever-changing landscape of tech companies. Insights into Big Tech earnings reveal a dependency on cloud services, with Amazon rising despite losses, while Meta faces its first revenue decline. The resilience of cloud computing is emphasized amidst economic uncertainty, signaling a robust future for public tech investment.
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insights INSIGHT
Stock Market Update
The stock market shows positive signs with shares trading higher in Asia, Europe, and the US.
The decline in software company valuations has plateaued, suggesting a potential bottom.
insights INSIGHT
Alibaba Delisting?
Alibaba might delist from the US stock exchange due to SEC auditing requests.
This situation reflects broader tensions between US and Chinese regulations.
insights INSIGHT
ClearCo Layoffs
ClearCo, a fintech capital provider, had its third layoff, reducing staff by 25%.
The company is also considering strategic options for its international operations.
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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.
Last week we said that you needed to pay attention to the public markets, and we weren't kidding. It was a huge week for earnings -- with notes from all over including the ad market and cloud spend. But this week's Monday show was more than just another entry in the series, it was an experimental live show! Natasha joined Alex for the fun, and this is what they got into:
Stocks up, crypto mostly flat after a solid week of gains.
Will Alibaba delist, or not? That question matters more than just what happens to the singular Chinese tech giant. The question really belies a larger query regarding the ability of Chinese tech companies to access foreign markets more generally, places where the capital can flow at a high clip. Given China's economic woes, cutting off that particular liquidity pipe might be risky.
And then we wrapped with a dive into Big Tech earnings. The key gist? These companies are too big to summarize, and without the cloud they would be struggling.
So, what'd you think? Should we go live again? Next time with Equity-themed espresso cups that no one can enjoy other than us? Let us know, and don't worry, the Equity team is back on Wednesday with a smashing bootstrapping show.
Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
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.
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