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Bitcoin is on the transfer, Spotify cuts employees, and extra money floods AI

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Good day, and welcome again to Equity, the podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

Our Monday present covers the newest in tech information from the weekend and what’s making headlines early within the week. And we had so much to cowl this morning!

  • Crypto costs are rising, which is sweet information for the decentralized economic system, as growing costs observe with heightened buying and selling exercise and client curiosity.
  • We have now one other busy week of SaaS firms reporting quarterly outcomes, which is able to hopefully present a helpful temperature verify for tech valuations.
  • CoreWeave’s new $7 billion valuation had our tongues wagging, as did delays at Google’s AI project.
  • After which there was Spotify cutting staff in light of economic conditions. The corporate can’t outgrow its core market endlessly, and with largely static gross margins, the one lever it may well actually pull is its price base.

That’s it for right now! Extra on Wednesday and Friday!

For episode transcripts and extra, head to Equity’s Simplecast website.

Fairness drops at 7 a.m. PT each Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts. TechCrunch additionally has a great show on crypto, a show that interviews founders and extra!

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