The excitement around Robinhood's IPO and its clever pricing strategy steals the spotlight. Major tech players like Alphabet and Microsoft reveal impressive earnings, particularly in cloud services. Tesla's bold move towards iron-based batteries suggests innovation in the EV sector. The rise of fintech in barbershop technology showcases rapid growth potential. Additionally, advancements in hormonal health and support for music startups hint at a wave of innovation reshaping industries.
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insights INSIGHT
Shopify's Performance
Shopify beat expectations with 1.12B in Q2 revenue and doubled profits.
Yet its stock price stayed flat, showing that markets expect high growth from tech companies.
insights INSIGHT
Market Expectations
Strong earnings with little stock movement for big tech companies like Shopify, Microsoft, and Alphabet indicates high market expectations.
Investors are already pricing in significant growth, reflecting expensive market conditions.
question_answer ANECDOTE
EV Battery Innovations
Tesla is shifting to iron-based batteries for their electric vehicles and exploring direct sourcing of nickel.
Redwood Materials, a battery recycling startup founded by a Tesla alum, raised $700M.
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
We were a smaller team this week, with Natasha and Alex together with Grace and Chris to sort through a week that brought together both this quarter's earnings cycle, and the Q3 IPO rush. So, it was just a little busy!
Before we get to topics, however, a note that we are having a lot of fun recording these live on Twitter Spaces. We've found a hacky way to capture local audio and also share the chats live. So, hit us up on Twitter so you can hang out with us. It's fun - and we may even bring you up on stage to play guest host.
Ok, now, to the Great List of Subjects:
Robinhood went public! Yep, at long last, it is done. The company priced at $38 per share, the low end of its range, and had a medium-weak day of trading once it started to float. In short, Robinhood seems to have deftly priced its IPO, leaving zero fat on the table. So, it is now richer than ever, and public. More here.
Earnings! We took a moment to chat about earnings reports from Alphabet, and Microsoft, and Shopify. Why? Because we care lots about the cloud and platform companies. So, we took a minute to chat about public cloud results, and what Shopify got up to.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
Equity