Tech Brew Ride Home Mon. 05/18 – Pizza Arbitrage Shows How The Food Delivery Space Is Broken
May 18, 2020
The tech trade war is heating up, impacting major players like Huawei. Google Meet has hit 50 million downloads, boosted by the surge in video conferencing. Meanwhile, Clubhouse is raising eyebrows with its impressive valuation as it navigates beta testing. The food delivery industry faces scrutiny, with a pizzeria owner exploiting pricing gaps on DoorDash, raising questions about sustainability and efficiency. Innovative fundraising in travel and real estate showcases adaptability, as startups find new ways to thrive amidst challenges.
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Escalating Tech Trade War
- The US is escalating the tech trade war by cutting off Huawei's access to US-produced semiconductors and designs.
- This move follows earlier restrictions on US software and aims to bolster US national security.
Google Meet's Growth
- Google Meet has achieved significant growth with over 50 million installs since becoming free.
- This surge is attributed to issues with Zoom and the shift to remote work due to COVID-19.
Clubhouse's High Valuation
- Clubhouse, a new audio-based social app, raised $10 million at a $100 million valuation, despite having only 5,000 beta users.
- This has raised eyebrows due to the high valuation for an early-stage product with limited user base.