This Week in Startups Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708
Mar 29, 2023
Nick Carter, a sharp-witted writer and podcaster in the cryptocurrency sphere, joins the discussion. They delve into Alibaba's major restructuring into six units, exploring its implications for competition. The conversation shifts to Disney's controversial decision to cut its metaverse team amidst cost-saving measures. Substack's innovative equity crowdfunding initiative garners attention, showcasing new funding models. Carter also unpacks the precarious position of Coinbase, advocating for a strategic short-selling approach amid market scrutiny.
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AOC on TikTok Ban
- AOC defends TikTok, arguing a ban is unprecedented and data harvesting is the real issue.
- She calls for broader data privacy regulations instead of targeting individual companies.
TikTok's Blocked IPO
- TikTok's success and venture capitalist involvement suggest a strong appetite for an IPO.
- The Chinese Communist Party (CCP) likely blocks this to retain control over the powerful asset.
Alibaba's Split
- Alibaba's split into six units follows Jack Ma's reappearance after criticizing Chinese regulators.
- This breakup, similar to splitting Amazon or Google, reflects the CCP's control over large companies.