Published Mar 27, 2023

Not all unicorns are in trouble, just a lot of them

Explore the reshaping of banking for startups in the wake of the Silicon Valley Bank crisis, unravel the implications of tech sector tensions with TikTok's ban in France and Twitter's struggles, and garner insights into global shares, crypto stability, and Salesforce's evolving market dynamics.
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  • France's Ban

    France's decision to ban TikTok on government devices marks a significant shift in how governments interact with tech companies, particularly those based in China. This move is part of a broader trend of increasing scrutiny and regulation of tech firms by global governments. notes that this does not suggest a more open and collaborative future between the tech industry and governments. 1

       

    Twitter's Issues

    Twitter is grappling with significant issues, including a recent leak of its source code on GitHub. The leak was quickly taken down, but it raises concerns about the platform's security and operational transparency. Additionally, has valued the company at less than $20 billion, a stark contrast to its previous $44 billion valuation. 1

       

    Salesforce's Win

    Salesforce has successfully fended off activist investor Elliott Management, which decided not to nominate its own directors to the company's board. This decision came after Salesforce demonstrated improved performance and a clearer focus on value creation. suggests that mass layoffs have played a role in appeasing activist investors. 1

       

    Turo's Potential

    Turo's recent IPO filing reveals promising financial results for 2022, positioning it as a potential leader in reviving the IPO market. The company's asset-light model and profitability story make it an interesting candidate for public offering. believes that Turo could set a new valuation benchmark for the market. 2

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