Hello and welcome back to Equitya podcast about the business of startups, where we uncover the numbers and nuance behind the headlines.
We thought that last week was a lot. That was it, but this week was somehow Lake. More chaotic, rapid changes at a number of large technology companies kept us on our toes. So, while our beloved co-host Natasha was out, we couldn’t do the recording with a pair of hands, so we brought becca on board with Mary Ann and Alex.
The list of news was so long that we were cutting entire sections until we hit the record, and even still we went over time. If you like longer episodes, this one is for you.
- Deals of the week: What’s going on with the former Peloton CEO’s new start-up? And how will Tellus offer much better savings rates for consumers? And finally, how wrong can Alex get the Harmonic business model until he sorts it out live on the show?
- Mega layoffs: From there we had to sit down and discuss the massive layoffs at Meta. We’ve read that the company is doing well with the people it cuts, which isn’t as much as we can say about some other companies in the world that are also undergoing massive workforce reductions. Of course, this brought Twitter to some extent, with the smaller social network being the main character in tech news until, well:
- WTF FTX? Ah, FTX. Last week it was worth $32 billion and its founder may have been the face of crypto around the world. And now Sequoia drew his on-site hagiography, SBF is a pariah, and FTX can go to zero. There’s going to be a miniseries about it, isn’t it?
We’ll be back on Monday! Have a nice weekend!