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☆ Adobe shares slip 10% on soft sales forecast
▼ + stars: | 2024-03-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. During the quarter, Adobe abandoned its $20 billion acquisition of design software startup Figma after U.K. regulators found competitive concerns. Adobe will work with OpenAI around Sora, David Wadhwani, president of Adobe's digital media business, said on the earnings call. Adobe sees fiscal second-quarter earnings of $4.35 to $4.40 per share on an adjusted basis, with $5.25 billion to $5.30 billion in revenue. Leaving out the after-hours movement, Adobe shares have fallen 4% so far this year, while the S&P 500 index has gained 8% over the same time period.

Persons: Shantanu Narayen, OpenAI, Sora, David Wadhwani, LSEG, Wadhwani Organizations: CNBC, New York Stock Exchange, Adobe, LSEG, Firefly Services Locations: Sora

It wasn't just because TikTok users love to gossip — the platform suggested names of popular models as related searches at the bottom of Paré's video. When Business Insider viewed the video, TikTok suggested searching for "devon windsor suitcase" and "Taylor Hill" in different search bars. As TikTok looks to boost search activity , the company is automatically generating suggested queries in the search bars on videos. AdvertisementSince user comments help feed recommended searches, trolls flooding a creator's comments section with rude phrases or false claims can impact what the app recommends their followers view next. AdvertisementLike Bervell, several other TikTokers expressed frustration at their lack of control over the recommended searches, which can end up being "gossipy," he said, or completely unrelated to their content.

Persons: —, TikTok influencer Taylor Paré, Devin Windsor, TikTok, Taylor, Paré, Julia McNamee, she's, Katarina Terentieva, influencers, Joel Bervell, Bervell, we're, Jahleane, It's, it's, Brett Dashevsky, Dashevsky Organizations: Service, Business, Industry, Group, Adobe Express, Google, BI, Economy, YouTube Locations: New York

☆ A new survey shows what TikTokers actually search for, as the app inches into Google's domain
▼ + stars: | 2024-01-19 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

The app isn't close to challenging Google's search dominance (the companies have even partnered together). But as a video-first app, TikTok may be better suited for certain visual-leaning queries. A new Adobe Express survey, conducted in August by brand-engagement firm Fractl, examined what makes search different on TikTok and what its users typically look for. AdvertisementFor brands looking to post on TikTok, Adobe's report offered insights into the types of videos companies should make and what topics to focus on. Respondents tended to prefer "video tutorials," "product or service reviews," and "personal stories or anecdotes" when using TikTok as a search engine.

Persons: —, Fractl, TikTok, they've, Bing, Gen Z Organizations: Service, Business, Adobe Express, Adobe, Google

☆ Eli Lilly and more: Strategist names 5 stocks set for 'significant' earnings growth
▼ + stars: | 2023-11-10 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Rising rates and the possibility of a recession on the horizon have created a "mixed picture" for equity markets, according to one strategist — but several companies can look forward to markedly stronger earnings growth in the next year. "But, if you're looking for significant earnings expansion, I suspect, at a market level, that's probably less likely. The earnings growth rate for the S & P 500 was 3.7% year-on-year – the first quarter with year-on-year growth since the third quarter of 2022, the data showed. "What Eli Lilly is going to do with their weight loss drug is not dependent on whether the rates are 5.2% or 4.8%. "People didn't really talk about [Adobe] — everyone assumed that they were going to be a loser from AI," he said.

Persons: —, they're, Rahul Ghosh, Rowe Price, Ghosh, Eli Lilly, Powell, Software Ghosh, — CNBC's Annika Kim Constantino Organizations: Healthcare Healthcare, UnitedHealth Group, Fellow, Food and Drug Administration, Software, Adobe Creative, Adobe Express

☆ A.I. should help this software company get customers to stay and spend more, BMO says
▼ + stars: | 2023-06-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Artificial intelligence could help Adobe win customers and get them to pay more for products, according to BMO Capital Markets. Analyst Keith Bachman upgraded the software stock to outperform from market perform and hiked his price target by $70 to $570. His new price target implies shares could rally 17.3% in the next year from Tuesday's close. "We believe that ADBE can capture price/mix, as well as new users, through generative AI," he said in a note to clients Wednesday. He added that users would likely be willing to spend more on solutions that utilize AI.

Persons: Keith Bachman, Bachman, — CNBC's Michael Bloom Organizations: Adobe, BMO Capital Markets, Adobe Express Locations: Tuesday's

☆ Adobe CEO says AI will won't replace human ingenuity, it'll augment it
▼ + stars: | 2023-06-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Adobe CEO Shantanu Narayen told CNBC's Jim Cramer that generative artificial intelligence will augment humans' ingenuity, not replace it. Adobe's Firefly software makes heavy use of generative AI, which users can employ in the company's popular suite of programs like Photoshop and Illustrator. Narayen said the software will increase productivity and give smaller businesses the chance to more easily develop their ideas. Narayen added that Firefly is integrated with the company's free software, Adobe Express. The company is fresh off a successful quarter, reporting $4.82 billion in revenue, exceeding estimates of $4.77 billion.

Persons: Shantanu Narayen, CNBC's Jim Cramer, Narayen, I've Organizations: Adobe Express, Adobe

☆ As the DOJ digs in, Adobe's top lawyer tells employees to be careful talking about the $20 billion Figma acquisition, and asks them not to delete anything related to the deal
▼ + stars: | 2023-06-12 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Adobe's Dana Rao told employees to be careful when discussing the proposed Figma acquisition. Adobe's top lawyer told employees in an internal email to be extra careful when talking about the company's $20 billion proposed Figma acquisition, as antitrust scrutiny of the deal intensifies. In the his Adobe email, Rao said it's normal for a deal of Figma's size to go through lengthy regulatory reviews. During a March earnings call with analysts, Adobe's CEO Shantanu Narayen shared a similar end-of-year closing date for the Figma deal. In his email this month, Rao added 3 reasons why the company thinks Figma would be a good acquisition for Adobe.

Persons: Adobe's Dana Rao, Dana Rao, Department's, Rao, Shantanu Narayen, Narayen, Adobe's, Andrew Savage, Savage, Slack, Figma, Dana, Eugene Kim Organizations: Adobe, DOJ, European, SEC, CNBC, Federal Trade Commission, Activision Blizzard, Adobe Express, Department of Justice, Markets Authority, General, Competition Locations: ideation, Europe

☆ Adobe pushes Firefly AI into big business, with financial cover
▼ + stars: | 2023-06-08 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

June 8 (Reuters) - Adobe Inc (ADBE.O) said on Thursday it will offer Firefly, its artificial intelligence tool for generating images, to its large business customers, with financial indemnity for copyright challenges involving content made with the tools. Adobe earlier this year released a test version of Firefly, its own service which it says was created with legally safe image data. On Thursday, San Jose, California-based Adobe said it will start offering Firefly to its corporate customers as part of Adobe Express, a tool aimed at helping business users who do not specialize in design to create images and documents. "Rather than someone going over and pulling the data for a time range and generating the report, now you can see it. Reporting by Stephen Nellis in San Francisco; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Adobe, Ashley Still, Suman Basetty, Basetty, Stephen Nellis, Sonali Paul Organizations: Adobe Inc, Adobe Express, Firefly, Adobe, Reuters, Thomson Locations: San Jose , California, San Francisco

☆ Stocks making the biggest premarket moves: GameStop, Wynn Resorts, Lucid, Adobe & more
▼ + stars: | 2023-06-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:GameStop — Shares plummeted nearly 21% in premarket trading. Wynn Resorts , Las Vegas Sands — The casino operators both shed about 2% following a downgrade by Jeffries to hold from buy. Signet Jewelers — Shares tumbled nearly 11% after the jeweler provided second-quarter revenue and operating-income guidance that fell short of expectations. T-Mobile — Shares of the wireless provider added about 1% in premarket trading after Wolfe Research upgraded T-Mobile to outperform from peer perform. HashiCorp - The stock sank more than 22%, a day after the company reported a first-quarter earnings miss and revenue beat.

Persons: Matthew Furlong, Ryan Cohen, Jeffries, Zhu Jiang, Wolfe, HashiCorp, Jesse Pound, Sarah Min, Brian Evans Organizations: GameStop, Wynn Resorts, Sands, Signet, Reuters, Mobile, Wolfe Research, Adobe, Adobe Express Locations: New York, Las, China

☆ Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
▼ + stars: | 2023-05-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTMicrosoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft's Build conference in Seattle on May 23, 2023. "Every layer of the software stack is going to be changed forever and no better place to start than the actual developer stack," Microsoft CEO Satya Nadella said during his Build keynote address on Tuesday. It's crucial for third-party developers to enrich Microsoft's own software properties, such as the Microsoft 365 productivity software bundle. Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023. WATCH: Microsoft Build 2023 unveils plugins and products that incorporate A.I.

☆ After leading $20 billion Figma deal, Adobe's David Wadhwani is in prime spot to be next CEO
▼ + stars: | 2022-10-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +15 min

The business Wadhwani oversees is roughly three times the size as Chakravarthy's in terms of revenue. For Wadhwani, Figma represents a risky bet on growth at a time when Wall Street is telling tech companies to tighten their belts and preserve cash. The make-or-break betIn his 15-year tenure as CEO, Narayen hasn't been shy about dealmaking, just at a smaller size. And it might be Wadhwani's make-or-break opportunity to prove he should be CEO of the fourth-biggest U.S. business software company by market cap. Shantanu Narayen, CEO, Adobe Mark Neuling | CNBCThe revenue became more predictable and less closely associated with product releases.

☆ How creative storytelling tools can help global nonprofits make a difference
▼ + stars: | 2022-10-18 | by ( Sponsor Post | Created Adobe With Insider Studios | ) www.businessinsider.com time to read: +5 min

Beyond organizations, Adobe tools also help individuals create Pride campaigns, share Hispanic Heritage Month stories, and amplify other important social causes. Today, the company is proud to further its mission with Adobe Express for Nonprofits. "Having a user-friendly tool to quickly create professional-looking, on-brand designs is a game changer for us. Adobe Express for Nonprofits also includes tutorials – some specifically created for and by nonprofits – so even first-timers can quickly achieve great results. Adobe Express for Nonprofits also leverages features from Adobe Acrobat, including converting and exporting PDFs, used in everything from forms and contracts to flyers and posters.

☆ Microsoft launches Designer, its answer to highly valued startup Canva
▼ + stars: | 2022-10-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft is launching a simple graphic design app called Designer that will be available for free and as part of Office productivity software subscriptions, the company said Wednesday. Microsoft has sought to demonstrate the value of Office subscriptions by adding new capabilities, and earlier this year it raised the prices of some bundles aimed at businesses. With its Designer app, Microsoft is initially aiming at consumers, a spokesperson told CNBC in an email. The launch of Designer might also make Microsoft bump up against Adobe , which fields the free Adobe Express tool that features templates and stock images. Once the app becomes generally available, Microsoft will maintain a free tier, along with a premium version for those with Microsoft 365 Personal and Microsoft 365 Family subscriptions, the spokesperson said.

☆ Adobe's product chief opens up about why its Figma competitor failed: 'XD was made in the image of the old'
▼ + stars: | 2022-09-24 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Before acquiring Figma, Adobe had a similar product, Adobe XD, that failed to take off. That's one of the main reasons Adobe wants to join forces with Figma, Scott Belsky, Adobe's chief product officer, told Insider. He acknowledges that Adobe's rival tool for product design, called Adobe XD, wasn't successful. Why Adobe XD never took offAdobe created Adobe XD in 2016 because it saw a lot of people using Photoshop for website building. As a desktop product, XD used local files and wasn't collaborative.

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