January 16, 2024

See? Fintech isn’t doomed, it just needs more time

10 minutes

Here's what we got into:

Stocks are down around the world to start a week that only features a single key earnings report, TSMC this Thursday. Next week really starts the tech reporting deluge, so get ready.

In crypto, bitcoin's price failed to pump after its ETF products launched, which surprised some. Also surprising was the value jump that the Ethereum blockchain offers. Buy the rumor, sell the news? (Elsewhere, a crypto exchange raised around $100 million. In 2024! Who would have expected that!)

Uber is killing Drizly: You can still get booze delivered to your house, but Axios notes that the $1.1 billion acquisition by Uber has run its course. Pour one out.

On the deal front, Spot Technologies raised $2 million, while TechCrunch reports that Kuda raised $20 million last year at a flat valuation. That's pretty solid a result for a fintech startup that last raised in 2021.

To close out, Apple is the world's smartphone king and has found a way to sell its Watch product sans legal issues, while Microsoft is very busy with AI.

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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