1. Jack Dorsey is out at Bluesky, prompting the search for a new board member.
2. China’s tech giants are shedding staff, following a global trend of doing more with less.
3. Momenta is set to deliver a $300 million IPO in the United States, while the U.S. government invests in digital twins and alt-clouds face potential growth challenges.
Jack Dorsey’s departure from Bluesky, a rival social network he invested his time in, generated attention over the weekend. The decentralized social networking service is now seeking a new board member. In addition to Dorsey’s news, Equity Podcast discussed other topics such as the latest employment news from China’s tech giants who are downsizing like many U.S. tech companies.
China is preparing for another IPO in the U.S. with Momenta potentially raising $300 million in its debut listing. This upcoming IPO is anticipated to have a significant impact. The U.S. government is also investing in digital twins, while alt-clouds are making progress but could face obstacles in the future.
Equity podcast is TechCrunch’s main podcast, released every Monday, Wednesday, and Friday. Listeners can subscribe on Apple Podcasts, Overcast, Spotify, and other platforms. Updates and news from Equity can be followed on X and Threads at @EquityPod. Those who prefer reading can access full episode transcripts on the Simplecast archive. Tune in again on Wednesday for the next episode.