Great morning friends, and invite back to TechCrunch’s Equity Monday, a short-form audio hit to start your week. Another weekend in your home, another week’s beginning with the exact same area. How are you holding
up? Do you miss your commute yet? Simply wish to get some breakfast from a kitchen besides your own? I feel you. It is Monday all the exact same and that means it’s time for Equity, so let’s get to it.
You can hit play above and following together with notes: Kingsoft Cloud’s IPO went well. Extremely well, in fact. Far much better than anticipated if we ‘re being truthful. The company was recently gross-margin negative and is now public? In this economy? Vroom has filed privately to go public, which is pretty wild given that the capital markets are in theory closed. Revenues this week are quite light however keep an eye out for Cisco, JD.com, Sony and Tencent. Over the weekend, bitcoin crashed around 10 or 12 percent, depending upon how you do the math.