Contrarian bets in a downturn

Alex Wilhelm@alex / 10:03 AM EDT•July 5, 2022

We unpack the numbers and nuances behind the headlines on the Equity show.

Alex and Grace are back to cover technology news in a big way. The United States was not in use yesterday. We got into today, but it was late, but hopefully not a dollar short.

• Stocks are mixed around the world, and set to fall in the United States at the open. At the same time, the crypto market has been somewhat relaxed in the last day.
• Sequoia Capital China is raising $9 billion, a huge amount of money at a time in which we have seen venture capital activity in China slow.
• Speaking of slowing venture capital, Indian activity is falling. That deceleration comes as the country’s crypto market is under pressure.
• At the same time, Twitter is pushing back against the Indian government bullying, which is good. But maybe less good for Elon Musk, who is buying the social network, and wants to sell imported cars in the country.
• Closing out, we touched on a potential database breach in China, struggles at Vauld, a new climatetech fund, and news from the quantum front.

We had a great time, all that and more. We are going back tomorrow and Friday.

Equity goes down at 7 a.m. on Mondays. Thursday and Friday are at 6 a.m. You can subscribe to us on Overcast and all the casts.

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