Stocks around the world are feeling mixed vibes, with Chinese equities dropping and U.S. shares expected to rise. In the crypto sphere, prices are bouncing back to pre-XRP levels, while Worldcoin makes its debut. Twitter is undergoing a rebranding into X, aiming to transform into a superapp—success or embarrassment? Spotify's price hike is welcomed, as it acknowledges the value of music. Finally, San Francisco is re-emerging as a tech powerhouse, fueled by AI innovation and vibrant job opportunities.
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insights INSIGHT
Earnings Season Insights
A wave of earnings reports is expected this week from major tech companies.
These reports will offer insights into the performance of key startup sectors.
insights INSIGHT
Crypto Winter Persists
Bitcoin's price returned to around $29,000, and Ethereum is around $1,800.
This is the same price as before the XRP decision, indicating a persistent crypto winter.
question_answer ANECDOTE
Worldcoin Launch
Worldcoin, Sam Altman's crypto project, launched with eyeball-scanning technology.
It aims to distinguish humans from AI and enable global democratic processes, backed by $250 million in funding.
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Stocks are mixed around the world: Chinese equities sold off while American shares were set to rise at the open. A massive run of earnings this week should shake up the stock market for tech companies and their traditional brethren alike.
In crypto-land, prices are back to where they were pre-XRP decision. I don't know what to make of that, but do know that Worldcoin is still a thing and is now actually out.
Twitter's new brand: All hail X, I suppose. Musk's work to defenstrate what we all knew about Twitter, the company is being rebranded to X, which the company intends to be a superapp of sorts. Cool if it works, embarrassing if not.
Spotify is finally raising prices, and all I can say is thank god. It was getting weird to get all the world's music for what felt like a song. I want to pay more making the price hike welcome, if still far smaller than it should be.
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