what do big tech earnings tell us about the health of consumer demand?

How healthy is the market for technology products today?

The question is too broad. Large markets can have varying internal results that contrast with top-line numbers. An example of this from recent history is disparate results in venture capital activity we’ve noted around the world. While the aggregate venture market is slowing, we’ve also seen pockets of strength in certain regions. Are tech sales similar?

Some secular trends are powering technology growth. The movement off of on-prem solutions to public cloud providers, for example, among enterprise customers. As we learned when COVID-19 was driving lockdowns around the world a few years back, economic downturns don’t necessarily impact most of the tech world as much as they do other parts of the global economy. (This is perhaps why software valuations have stopped losing ground, despite a worsening global macroeconomic profile.)

 

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But that’s the business perspective. What about consumers? How are the folks out there doing? Today we’re taking a look inside Big Tech results from the week to try to answer that particular question, which relates directly to startups hoping to serve the same consumer demands.

TECH NEWS RELATED

Motion capture becomes more accessible as Rokoko raises at $80M valuation

South Korean company Naver Z is the brain behind the popular 3D-avatar app Zepeto. Today, the company announced it made a strategic investment in the Danish animation and motion capture company Rokoko. The mocap (motion capture) company has more than 50,000 users all over the world, including some of ...

View more: Motion capture becomes more accessible as Rokoko raises at $80M valuation

There’s a reason why US Midwest startups had fewer layoffs, Chicago VC says

When VCs overlook the U.S. Midwest, it’s not just Chicago they are missing out on. Over time, many cities across the Midwest have been building out bona fide startup ecosystems, as M25’s annual ranking of Midwest startup hubs makes clear. Each year, the Chicago-based VC firm puts together a ...

View more: There’s a reason why US Midwest startups had fewer layoffs, Chicago VC says

Funding Circle co-founder unveils new Super Payments fintech venture with $27M investment

Funding Circle co-founder Samir Desai has unveiled a new U.K. fintech startup called Super Payments, a venture he founded back in February but which very little was known about until now. Reports emerged a few months back that Desai had raised around $30 million for this new company, and today ...

View more: Funding Circle co-founder unveils new Super Payments fintech venture with $27M investment

A new TikTok feature lets creators share TikTok Stories to Facebook and Instagram

Facebook and Instagram may be busy trying to clone TikTok within their own apps as Reels, but a new feature rolling out now from TikTok will see the short-form video app’s content showing up in more places across Meta’s social networking platforms. TikTok confirmed to TechCrunch it’s launching a new ...

View more: A new TikTok feature lets creators share TikTok Stories to Facebook and Instagram

Amazon is internally testing a TikTok-like feed in its app

Amazon is the next company in line to try to generate engagement from a TikTok-like social feed. The e-commerce giant joins the a laundry list of companies that have had the same idea: Facebook, Instagram, Twitter, Snapchat, Pinterest, LinkedIn, YouTube, Spotify, Netflix… what’s next, a vertical video feed on the ...

View more: Amazon is internally testing a TikTok-like feed in its app

Polygon’s head of investments remains ‘highly bullish on web3’

The crypto market may be in limbo between a deep bear market and recovery, but that hasn’t stopped investors from deploying capital into the space. “In a sense, bear markets are arguably good for the industry,” Shreyansh Singh, head of investments at Polygon, said to TechCrunch. “They allow platforms ...

View more: Polygon’s head of investments remains ‘highly bullish on web3’

Sinclair says its streaming sports service, Bally Sports+, will arrive next month

Sinclair’s direct-to-consumer streaming service, Bally Sports+, soft-launched to five regions earlier this summer. Today, the company announced that the streamer would officially roll out on September 26 across all 19 Bally Sports regional sports network brands (RSNs). This completes Sinclair’s three-year-long venture into establishing its own over-the-top service. Bally ...

View more: Sinclair says its streaming sports service, Bally Sports+, will arrive next month

Apple’s GarageBand update adds new remixs with Katy Perry and SEVENTEEN

The popular iOS and iPadOS app GarageBand will now include new remix sessions featuring songs from Katy Perry and the Korean boy band SEVENTEEN. Users will be able to download the remixes as soon as today, but only on devices with GarageBand version software 2.3.12 or later.  The new, free downloads ...

View more: Apple’s GarageBand update adds new remixs with Katy Perry and SEVENTEEN

Anthony Hopkins sees NFTs as ‘art in a new format’

Dear Sophie: How do I get an O-1 visa to freelance on web3 projects?

Venue raises $4M from Accel and the CEOs of Slack, Remote, and SquareSpace to give team-wide video meetings a new breath of life

HyperTrack, which provides last-mile routing software, raises $25M

AIOps startup BigPanda raises Series E extension, bringing its total capital to $340M

ThreatX raises a fresh round of capital to protect APIs and web apps

Timbaland and Swizz Beatz sue TikTok competitor Triller for $28M over nonpayment

VSC Ventures adds $14 million to its storytelling-meets-checkbook investment pitch

Spotify and Samsung expand their partnership in 2022, with more pre-installs, integrations and free trials

Choose your angel: Learn how they invest and what motivates them

Let’s officially stop comparing Adam Neumann and Elizabeth Holmes

Cloudera launches its all-in-one SaaS data lakehouse

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