Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
Note: Equity will be back on Wednesday, and Friday in some capacity. But keep in mind that this is a holiday week in the United States, so things are going to be a little bit slower than usual.
Here’s what we got into on our Monday episode, a weekly kickstart to your week!
- Stocks are largely down around the world, and crypto prices continue to deflate. Watching both these asset classes lose value in tandem feels like the worst horse-race in history. No matter what you hold, it’s a bad Monday.
- Twitter CEO Elon Musk decided to toptechtrends.com/2022/11/19/donald-trump-unbanned-twitter-elon-musk/”>bring former American president Donald Trump back to Twitter. Ironically, the former president is so far declining the option and wants to stick to his own social network, Truth Social.
- FTX owes $3.1 billion to its 50 largest creditors.
- In more positive news, toptechtrends.com/2022/11/21/engagement-ring-online-wove/”>Wove just raised a nearly $3.85 million Seed round, and toptechtrends.com/2022/11/21/sponsorunited-secures-35m-investment-to-build-out-its-database-of-brand-sponsorships/”>SponsorUnited’s big Series A proves that nine-figure early-stage valuations are not dead!
In closing, Natasha will host the Monday show next week as we get ready for my parental leave!
Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together, and more!
toptechtrends.com/2022/11/21/good-morning-assets-are-selling-off/”>Good morning, assets are selling off by toptechtrends.com/author/alex-wilhelm/”>Alex Wilhelm originally published on toptechtrends.com/”>TechCrunch
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