Equity Big wins for Latin America, climate tech momentum and Rover’s $2.3B sale
Dec 1, 2023
The podcast dives into self-driving setbacks as Cruise faces regulatory scrutiny. It discusses Webull's bold move into Latin America by acquiring Flink. Uber's surprising partnership with London’s black cabs sparks a conversation about shifting alliances. Rover’s impressive $2.3 billion valuation highlights the booming pet services market. Finally, the hosts explore upcoming IPOs with Shein and Reddit, contrasting Rover's success against WAG's struggles, indicating a cautious optimism for tech IPOs in the near future.
AI Snips
Chapters
Transcript
Episode notes
Cruise's Slowdown
- Cruise is cutting spending by hundreds of millions of dollars in 2024 after recent setbacks.
- This cost-cutting signifies a slower development in self-driving technology.
Webull's LatAm Expansion
- Webull acquired Mexican fintech startup Flink, a stock trading app.
- Flink previously raised $57 million and offered fractional share trading.
Uber & Black Cabs
- Uber partners with London's Black Cabs, integrating them into the Uber app.
- This partnership marks a shift from Uber's initially adversarial relationship with the taxi industry.