Tech Brew Ride Home Fri. 01/10 - I Flip-Flop on Quibi
Jan 10, 2020
SoftBank startups are facing tough times, with laying off staff and struggling for profitability. Meanwhile, music streaming is booming, with U.S. streams hitting a trillion, even as Netflix grapples with password-sharing losses. The discussion also critiques Quibi's strategy, suggesting it missed the mark by not adopting a free ad-supported model. Furthermore, the landscape of entertainment is shifting towards gaming, raising questions about talent rights and new social media trends, all with a light-hearted tone.
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SoftBank and OYO Troubles
- SoftBank-backed OYO fired staff and faces protests from hotel owners.
- This turmoil complicates SoftBank's efforts to raise a successor to the Vision Fund.
E-Scooter Market Challenges
- Lime is exiting several warm-weather markets despite improved scooter longevity.
- This raises questions about the e-scooter business model and investor expectations.
VC Market Plateau
- Global VC deals reached record numbers in 2019, but total dollar volume dropped slightly.
- This plateau may be due to capital-intensive companies going public or facing roadblocks.