Emily Chang, Host of "Bloomberg Technology" and Author of "Brotopia: Breaking Up the Boys' Club of Silicon Valley" joins The Hive to discuss the dark secrets of Silicon Valley.
Chang talks about the rising trend of polyamorous relationships and sex parties in the Valley. She talked to over three dozen people who are involved in this scene and found that women reported more double standards than men. She explains these parties are more about the power struggle than the sex, with a power dynamic that is lopsided.
She says that a lot has to be done, culturally, to change the way women are seen in the tech sector. The pay gap in Silicon Valley is 5 times the national average...which Chang says isn't publicized enough.
However, after years of reporting on Silicon Valley culture Chang is still surprised over one thing: in the 40s and 50s women played vital roles in the computer programming sector. She says in the 60s and 70s companies were desperate for talent and two psychologists said that good computer programmers "didn't like people." Well, if you're hiring someone based off that, Chang says you're most likely going to only hire men. Thus, the stereotype of the white nerd was born.
For the full interview, [click here](https://cheddar.com/videos/inside-silicon-valleys-brotopia-culture).
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
Spotify beat fourth quarter earnings expectations, and also reported a jump in monthly active users and in paid subscribers. The report comes as the company grapples with a new question: is it simply a streaming platform, or is it a media company responsible for the content it posts, like Joe Rogan's controversial podcast? Greg Martin, Co-Founder of Rainmaker Securities, joins Closing Bell to discuss why the stock took a hit even though earnings results were positive, how the company can move forward through the Rogan controversy, and more.
Chen Arad, Chief Operating Officer for Solidus Labs, joins Cheddar News' Closing Bell, where he explains why Wormhole was particularly vulnerable to a $320+ million crypto hack and discusses what new investors need to do in order to protect their assets.
E-commerce platform for construction and building materials RenoRun has raised $142 million in a Series B round, which the company says is the fourth largest Series B round in Canadian history. RenoRun’s platform offers same-day delivery of construction materials to job sites in Canada and the United States. The company aims to revolutionize the construction industry by maximizing productivity and efficiency. RenoRun co-founder and CEO Eamonn O’Rourke joins Cheddar News' Closing Bell to discuss.
Facebook parent company Meta reported weaker-than-expected fourth quarter earnings, and also issued disappointing guidance for Q1 2022. The tech giant is also under pressure due to Apple's iOS privacy change, as well as continued multi-billion dollar losses for its metaverse focused business unit. Angelo Zino, Tech Analyst at CFRA Research, joins Closing Bell to discuss the earnings results, how Apple's iOS privacy change will impact revenue, whether the metaverse is an underrated investment opportunity, and more.
The video game industry has seen monumental growth the past few years - with an increasing amount of companies jumping head first into the space. In January alone, Microsoft announced its plan to acquire Activision Blizzard, game publisher Take-Two agreed to buy Zynga, and most recently, Sony announced it has agreed to buy game developer Bungie for $3.6 billion. Tobias Batton, CEO and founder of Ex Populus, joined Cheddar Movers to discuss the surge in M&A activity in the gaming space.
Facebook parent Meta reported disappointing results in its first quarterly earnings report since rebranding to focus on the metaverse. The tech giant delivered mixed results with quarterly profit falling well below Wall Street expectations. Shares plunged more than 20 percent in after hours trading as a result. Martin Garner, COO of CCS Insight, joined Cheddar Movers to break down the company's results.
Super Group, the company behind leading global online sports betting and gaming businesses Betway and Spin, has landed on Wall Street. The company went public via SPAC with Sports Entertainment Acquisition Corp., and now lists on the NYSE under the ticker symbol 'SGHC.' This debut comes as the U.S. sports betting market continues to heat up with more and more states legalizing the practice. Eric Grubman, chairman of Super Group, joined Cheddar to discuss.
Miami wants to be the crypto capital of the world. Mayor Francis Suarez has gone all in on the blockchain, even accepting one of his first paychecks in Bitcoin, hosting one of the world's largest digital cryptocurrency conferences, and marketing Miami as a great place for tech experts to work. Maja Vujinovic, managing director of OGroupLLC, joined Cheddar's Fast Forward to discuss Miami's enthusiasm toward crypto, some of the potential risks that entails, and where the city might be heading when it comes to the crypto takeover.
