Tech Brew Ride Home Fri. 07/22 – Not Great, Bob! Snap And Twitter Edition
Jul 22, 2022
Twitter faces disappointing earnings, blaming some losses on Elon Musk's takeover bid, while Snap's stock plummets 35% after dismal results. In a groundbreaking move, the Feds pursue insider trading charges in the crypto realm, marking a new regulatory phase. Meanwhile, innovative smart locks might soon harness energy from your phone, reshaping security tech. The show also dives into AMD's chiplet strategy and Meta's ambitious plans for a 'metaversity', alongside AI's role in storytelling and the revival of travel agents.
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Transcript
Episode notes
Twitter's Uncertain Future
- Twitter missed revenue expectations and reported a net loss, partially blaming Elon Musk's acquisition bid.
- The stock's performance is currently tied to the upcoming trial, not its operational results.
Snap's Downward Spiral
- Snap's stock plummeted after missing earnings estimates and reporting slowing revenue growth.
- They cited macroeconomic challenges, Apple's iOS update, and competition from TikTok.
Coinbase Insider Trading Case
- A former Coinbase product manager was arrested for insider trading in cryptocurrency.
- He allegedly leaked information about token listings to his brother and a friend for profit.