Equity Is the AR and VR market only for trillion dollar companies?
Mar 7, 2022
The podcast dives into the tumultuous global stock market, influenced by rising oil prices and geopolitical crises. It examines the tech industry's response, notably with major companies like EA and Epic pulling out of Russia. The discussion touches on FTX's expansion into Europe and Klarna's recent earnings. Fundraising trends are highlighted, particularly Circular.io's $10 million for tech talent. The hosts also speculate on the future of AR and VR, questioning if these technologies are reserved for trillion-dollar companies.
AI Snips
Chapters
Transcript
Episode notes
Market Overview
- Global stock markets are down due to inflation, economic concerns, and the war in Ukraine.
- Cloud stocks have lost all gains since mid-2020, impacting startup valuations.
Tech Companies Respond to Ukraine Invasion
- Tech companies like EA, Epic, Netflix, Visa, and Mastercard are halting services in Russia.
- This shows the tech industry's unified stance against Russia's invasion of Ukraine.
Mega Unicorns and Expansion
- FTX is expanding into Europe, aiming to increase trading volume and revenue.
- Coinbase, however, has seen its value decline, raising concerns about the sustainability of growth-focused strategies.