Hello and welcome to Equity, a podcast about the business of startups, where we uncover the numbers and nuances behind the headlines.
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Markets: Stocks around the world are mostly down today, taking a particularly big hit in Asia. US stocks also fall when they start trading. Major cryptocurrencies have also closed in the past 24 hours, but that hasn’t been enough to cause an uproar. Startups: Today we took a look at new fundraise in the food space at African logistics company Wendy’s and UK-based construction tech company Disperse, which seeks to map building sites. This market, it turns out, is huge. Quick Hit: Do Kwon has been hit with a red notice, which means he will be in custody soon. However, some are angry that he is in trouble due to the economic slowdown and losing a lot of money. What’s the logic there? That he was not malicious, and instead only, we believe, foolish. There’s no big argument for making Do Kwon look good, but here we are. Also in the mix: The new iPhone is being made in India and TikTok could get regulatory relief. Closing ref: Goodbye Q3 2022, hello Q4 2022. It’s the last Equity Monday of the third quarter, a period that some of us are going to look back on.
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