This Week in Startups: Terra UST stablecoin unpegged with Bennett Tomlin + High growth tech’s runway: $COIN, $SQ, $ZM, $TWLO, $SHOP & $PTON | E1456

First, crypto reporter Bennett Tomlin joins to break down the the massive decline of algorithmic stablecoin Terra USD (UST) and how the Terra-Luna ecosystem works (09:00). Then we recap five tech stocks that are down at least 70% off mid-COVID peaks Coinbase, Shopify, Twilio, Zoom and Block (44:44). We briefly touch of Elon’s comments about reducing permanent bans on Twitter (1:05:48). Wrap with Peloton’s painful earnings (1:22:53).

(00:00) Jason and Molly tee up today’s topics

(02:54) Jason and Molly talk a little bit about bitcoin and the stock market tanking

(09:00) Bennett Tomlin joins to discuss what’s going on with stable coins: LUNA, Tether, etc.

(14:10) Indochino - Get $50 off any purchase of $399 or more by using code TWIST at checkout https://www.indochino.com

(15:17) Can you buy 60 cents of LUNA to get a dollar worth of Terra? Are algorithmic stable coins destined to collapse?

(22:09) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist

(23:19) Discussing LFG Reserve balance over time

(31:00) Assure - To get 20% off your first Special Purpose Vehicle (SPV) visit https://Assure.co/twist

(32:11) Different types of stable coins, & how much damage will the past few weeks do to the idea of algorithmic stablecoins?

(44:44) Jason and Molly on the bitcoin crash and major tech stock wipeouts

(50:10) Coinbase

(53:20) Shopify

(57:00) Twilio

(1:00:40) Zoom

(1:03:11) Square (Block Inc)

(1:05:48) Breaking News: Elon Musk says “I guess I would” reverse Trump Twitter ban

(1:22:53 )Peloton stock down 93% from pandemic high

FOLLOW Bennett: https://twitter.com/bennetttomlin

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood