March 27, 2023

Not all unicorns are in trouble, just a lot of them

8 minutes

Alex had a lot of ground to cover from the weekend, so let's get started. Here's the rundown:

The global stock market is mixed today, if leaning positive. Some concerns about global banks appear to be settling. In contrast, things are quiet on the crypto front.

Salesforce is getting a reprieve from certain activist pressure after it took a cleaver to its staffing.

The Silicon Valley Bank crisis is slowly coming to a close. TechCrunch has the latest on the sale of the former startup-friendly bank's commercial banking operations.

In other tech news: France is cracking down on TikTok and other social apps, and some of Twitter's source code made its way onto GitHub.

Finally, Turo is doing fine and could, ahem, drive us toward a reopening of the IPO market. Maybe more unicorns than we thought are going to be ok?

How about we have a relaxed week? That would be nice. Something slow and calm to end the quarter? We deserve it, after all!

For episode transcripts and more, head to Equity’s Simplecast website.

Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!

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.

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By TechCrunch, Mary Ann Azevedo, Kell, Theresa Loconsolo, Rebecca Bellan, Kirsten Korosec, Devin Coldewey, Margaux MacColl

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