Dorsey leaves Bluesky, tech giants do more with less, and the next IPO

Equity

News that Jack Dorsey is out at Bluesky caused a stir this weekend. 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.

But while we had to talk about Dorsey’s latest on Equity today, it was far from the only topic we got to chat about. Past 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. (More on Momenta here.)

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!

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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.