Dorsey leaves Bluesky, tech giants do more with less, and the next IPO
Today on Equity, we had to talk about the news that Jack Dorsey is out at Bluesky. After all, Dorsey is a former Twitter co-founder and CEO, so his investment of time into the rival social network carried weight. The decentralized social networking service said that it is looking for a new board member. Beyond that and a busy earnings week ahead of us, we also dug into the latest employment news concerning China’s tech giants. Like many large U.S. tech shops, they are shedding staff. Tech shops around the world are showing that they can do more with less. Sticking to China, the country is set to deliver another IPO, this time in the United States. Momenta could raise up to $300 million in its debut, meaning that its upcoming listing is is going to carry real weight. And to close out we took a look at new capital that the U.S. government is putting into digital twins, and why alt-clouds are making real progress but could run into growth speedbumps in time. Equity is back on Wednesday — we’ll chat with you then!