Equity Monday: Rich tech folks chat rich tech things on rich tech app funded by rich tech investors
Feb 1, 2021
In a whirlwind of tech talk, American stocks are set to rise while meme stocks face challenges. Major developments in India signal a crackdown on cryptocurrency and internet freedoms. Robinhood's CEO, grilled by Elon Musk, reveals dramatic changes in deposit demands amid trading restrictions. Meanwhile, Facebook grapples with enhancing its platform amidst increasing scrutiny. Exciting funding rounds for startups show the thriving investment landscape, while insights into pre-IPO funding and earnings forecasts hint at a transformative week ahead.
08:01
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Market Overview
American stocks, European stocks, and Asian stocks are set to rise.
Bitcoin is flat, and so-called meme stocks are mixed.
question_answer ANECDOTE
India's Crackdown on Crypto and Free Speech
India plans to introduce a law banning private cryptocurrencies like Bitcoin.
India also forced Twitter to take down accounts critical of government policy.
question_answer ANECDOTE
Robinhood's Trading Restrictions Explained
Robinhood CEO Vlad Tenev explained the company's recent trading restrictions.
The NSCC requested a $3 billion deposit, later reduced to $1.4 billion, then $700 million.
Get the Snipd Podcast app to discover more snips from this episode
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and make sure to check out last week’s main episode and companion chat about Robinhood.
This morning we ran into quite a lot of the same material, with Robinhood back in the news and the stock market looming large. Here's what we talked about:
American stocks are set to rise, bitcoin is flat, and meme-stocks are mixed.
Robinhood's CEO went on Clubhouse, where he was interviewed by Elon Musk about last week's mess; it turns out the National Securities Clearing Corporation, or NSCC, had asked Robinhood for $3 billion in deposit requirements. That number was reduced to $700 million, with Robinhood limiting some consumer behavior, allowing the company to open Friday morning.
And, finally, we are heading into earnings season, so strap in and get ready for a deluge of results.
All that and we are back Thursday, if not before. Hugs and hellos from the Equity crew!
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