

Equity Monday: Stocks up, cryptos up, regulation up
Aug 23, 2021
The stock and cryptocurrency markets are on the rise, setting a positive tone for the week. Meanwhile, regulatory shifts in China and India are casting a shadow over their tech industries. Despite these tensions, investment deals keep flowing, with Zetwerk securing $150 million and Shelf.io raising $52.5 million. In other news, Facebook released a long-awaited content report. And the SPAC boom is still going strong with another Virgin space venture heading to public markets. Exciting developments are shaping the startup landscape!
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Market Overview
- Global stocks, cryptocurrencies like Bitcoin and Ethereum, are seeing a rise.
- Solana, however, is down 5% in the last 24 hours.
Tech Regulation and Deals
- China's increasing regulatory control, like the 1% stake in ByteDance, signals a new era for its tech industry.
- Despite this and India's regulatory actions, deals continue, as seen with Tencent's investment in Pocket FM.
Facebook's Shelved Report
- Facebook, under pressure, released a previously shelved Q1 content report.
- The report revealed that a post questioning the COVID-19 vaccine was the most popular on the platform during that period.