May Tech Round-Up: Markets Mayhem

In financial markets, the storm is always perfect, and the lessons are always clear. That doesn’t mean that most people will heed them — or even remember them!

At North Ridge Partners, we’ve been here many times. Things may be tougher today, but remember this as you navigate the downturn and take the steps you have to take — tech always bounces back bigger, better and stronger. As it will this time.

Enjoy, from all of us at NRP.

Original Thinking From North Ridge Partners

As three of the great market corrections of the last 40 years remind us, history may not repeat — but it certainly rhymes

To understand the current risks, you should look beyond share prices and indices, and into liquidity

In this month’s minicast, North Ridge Partners’ John Moore offers five rules to live by when the chips are down

In this month’s music playlist, Old King Cash’s time has come again. If you can’t enjoy the folding stuff, at least you can enjoy hearing people sing about it.

Asia Pacific Tech News

Voyager becomes Manila’s second unicorn, raising US$210m.  

More PRC tech founders withdraw from Chinese social media.

Fun while it lasted – is the Asian SPAC bubble bursting before it got off the ground?

Struggling with the SEC, Chinese Tesla rival seeks secondary listing on SGX

Are storm clouds gathering over $30bn Sun Cable project? Will it really export power 4,200km from the Top End to Singapore?

Quarterly Earnings:

Satya Nadella delivers (yet again): Microsoft earnings beat market consensus.

Apple also delivers record earnings but warns supply chain problems will likely hit quarterly earnings.

The quarterly earnings roulette wheel takes a spin … Amazon sinks while Meta surges.

Alphabet falls 4% short of consensus: inflation, broken supply chain and TikTok bite into earnings.

Alibaba reports slowest growth since its IPO. 

Market quitter Twitter misses targets just days after agreeing to sell to Elon Musk.

Big Tech

In a rare sign of unity, Big Tech teams up to solve a problem for consumers.

Gulp. BBB no longer means your credit rating; it now stands for Big Brother Bezos – one in every 150 American workers works for Amazon.

Musk and mates buy Twitter for a cool $US44bn. But wait – just what will the world’s busiest CEO do next? He’ll likely run it for a while, that’s what!  

The ultimate backflip from Netflix? – Reed Hastings talks about advertising – as customers abandon the platform. Oh, and investors too…its shares are down ~70%.

What, more Musk? Elon slams Apple’s App Store fees. And while we’re in Cupertino, have a look at Spotify’s deal with Google Play - is Apple’s walled garden under threat?

More Google – is it a publisher, or not? Australia’s High Court is about to rule.

Stuff We Found Interesting:

The downturn is upon us, with redundancies and collapsesstarting to emerge.

eCommerce isn’t the place to be right now, as momentum stalls and people get back to the high street.

Those flying Kiwis do it again: Rocketlab catches rocket booster in mid-air - with a chopper!

Be ready and be concerned: cryptography-cracking quantum computers are coming

Where are they now? The hottest tech IPOs of 2012, ten years on.

Preparing your board for a Web3 world.

The Last Word:

Prof Galloway on Elon Musk and Twitter.

North Ridge Partners: technology investment banking across the Asia Pacific

North Ridge Partners works with technology companies across the Asia Pacific to achieve transformational outcomes through providing strategic financial advice, advising on M&A transactions and raising capital. We’re experienced deal-makers who have built, run, and sold numerous technology companies.

Contact us here.

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