Line goes down

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

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Here's what we got into this Fine Monday Morning:

• Stocks are down around the world, while crypto-assets are down even more; post-Merge you might have anticipated better performance from tokens, but it has not yet come to be.

• The WSJ has some juicy notes on the upcoming Instacart IPO, namely that it is not expecting to sell a lot of its own stock in the transaction. Why does that matter? It tells us that the company is not burning that much cash -- a useful thing to know ahead of an anticipated IPO filing coming this year.

• From startup land: Ola is cutting jobs, two delivery logistics startups are merging in Sweden and Byld Ventures is putting together a venture capital fund to watch.

• Finally, Do Kwon is a wanted man, shares of TakeTwo are down quite a bit following a massive leak.

And that is our Monday show! Chat you on Wednesday and Friday!

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.