Alex returns refreshed, diving into the latest market movements and fintech insights. Stocks show signs of recovery despite a rocky week, while NFTs are seeing a resurgence. The scrutiny over the Adobe-Figma deal raises eyebrows about major transactions. Fintech isn't fading, with venture firms stepping up, and Flock secures a significant funding round. Meanwhile, Twitter faces operational challenges amid more layoffs. It's a busy time in the startup world that's definitely worth a listen!
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insights INSIGHT
Adobe-Figma Deal Scrutiny
The US government might sue to block the Adobe-Figma deal due to antitrust concerns.
This could hinder startups from being acquired, impacting VC returns.
insights INSIGHT
Continued Fintech Investment
Sequoia and Andreessen Horowitz remain active in fintech, despite recent market downturns.
This continued investment offers hope for fintech founders seeking funding.
Alex is back! After taking some time to learn how to care for tiny humans, he's returned and is more than fired up to get back to podcasting. That means early mornings to get the Monday show off the page, and into your ears, made worth it thanks to the startup economy proving incredibly interesting thus far in 2023.
Now, what did we get into? The following:
Stocks are largely up today, but only after a terrible week last week. So, a little plus/minus there. Cryptos are not too changed in the last day, but NFT trading results are rising again which is good news for folks into the tokens.
News broke recently that the United States is also taking a hard look at the Adobe-Figma deal, more evidence that the mega-transaction could fail to consummate. This is notable as we have some historical notes regarding what happens when a huge deal falls apart before it can get done. Hello, Plaid.
In more business-friendly news, the fintech market is not dead and two venture firms are taking pole position.
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