In addition, the episode touched on Spotify's decision to cut staff due to economic conditions. The podcast hosts noted that Spotify can't expand its core market indefinitely and, with mostly static gross margins, the only option it has is to reduce its cost base. The next episodes of Equity will be released on Wednesday and Friday.
Key takeaways:
- Crypto prices are on the rise, indicating increased trading activity and consumer interest in the decentralized economy.
- There is anticipation for the quarterly results of SaaS companies, which could provide insight into tech valuations.
- CoreWeave's new $7 billion valuation and delays at Google's AI project are topics of discussion.
- Spotify is reducing its staff due to economic conditions, indicating that the company is focusing on controlling its cost base as it can't outgrow its core market indefinitely.