What's a crypto exchange worth?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

This week Alex was back with Grace and our new producer to kick off the week. Now that we are through earnings season, things are a little quieter on the forecast front, but that didn't mean that we were short on material:

• Stocks are down around the world, while crypto prices remain depressed in the last week; NFT volume continues its negative drift.
• CNBC got FTX revenue numbers! Only through the first quarter of 2022, sadly, meaning that we have a good idea of what the company did through March of this year. That is good, but not great. Why not? Q2 is really the turning point for crypto exchanges, Coinbase data indicates. So we got the stuff that makes FTX look good. We need more.
• The Socar IPO was kinda meh, in the end. While we welcome any and all IPOs at this point, hopes may have been for a stronger welcome on the South Korean stock market for the SoftBank-backed company. TechCrunch has more.
• And from the Quick Hit folder, Tesla is raising the price of its driver-assist system, Amazon is looking to buy more healthcare assets, NSO may reform, and SPACs are kaput.

Equity is back Wednesday and Friday this week, as we do not have a live show. Chat soon!

Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts,Overcast,Spotify and all the casts.

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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