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Top related persons:
— CNBC's Ari Levy - 5 it's - 3 CNBC's Ari Levy - 3 Sam Altman - 2 Sam Altman's - 2 Altman - 2 OpenAI - 2 Bret Taylor - 2
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U.S San Francisco , California Asia OpenAI Beverly Hills , California Salesforce Los Angeles , California AFP
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CNBC - 6 Microsoft - 3 Sequoia Capital - 2 Bloomberg - 2 Federal Reserve - 2 U.S - 2 Bank Wealth Management - 2 Markets - 2

Search resuls for: "CNBC's Ari Levy"


12 mentions found


☆ Lyft CEO takes blame for 'extra zero that slipped' into earnings release
  + stars: | 2024-02-14 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +2 min
Lyft CEO David Risher took responsibility for the major error that appeared in the company's fourth-quarter earnings release late Tuesday, telling CNBC's "Squawk Box" that it's "super frustrating" for everyone on the team. It is an extra zero that slipped into a press release." Lyft reported $1.22 billion in revenue for the quarter, an increase of 4% from $1.175 billion a year earlier. In a note titled, "Lyft: We all make mistakes," analysts at MoffettNathanson raised their rating on the shares to neutral from sell. "Typos aside, we too are guilty of a mistake," the analysts wrote, citing their downgrade on the stock in October.
Persons: David Risher, CNBC's, Lyft, Erin Brewer, Risher, we've, Gross, MoffettNathanson, — CNBC's Ari Levy
☆ Cisco says it's cutting 5% of global workforce, amounting to over 4,000 jobs
  + stars: | 2024-02-14 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Net income declined to $2.63 billion, or 65 cents per share, from $2.77 billion, or 67 cents per share, in the year-ago quarter. With respect to guidance, Cisco called for 84 to 86 cents per share on $12.1 billion to $12.3 billion. For the full year, Cisco sees $3.68 to $3.74 in adjusted earnings per share and $51.5 billion to $52.5 billion in revenue. Cisco said it was increasing its dividend by a penny to 40 cents per share.
Persons: Chuck Robbins, LSEG, Robbins, it's, — CNBC's Ari Levy Organizations: Cisco, Microsoft, SAP, eBay, StreetAccount
☆ OpenAI tender offer is on track for January despite leadership fracas, sources say
  + stars: | 2023-11-30 | by ( Rohan Goswami Hayden Field | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +3 min
OpenAI's tender offer, which would allow employees to sell shares in the start-up to outside investors, remains on track despite the leadership tumult and board shuffle, two people familiar with the matter told CNBC. The round and previously reported valuation were jeopardized by Sam Altman's temporary ouster earlier in November, but his return cleared the way for the tender offer to proceed. The extension of the tender offer comes after a rollercoaster couple of weeks for the company. OpenAI's other major backers include Founders Fund, Sequoia Capital and, following the completion of the tender offer, Thrive Capital. Founders Fund will not participate in the tender offer either, a person familiar with the firm said.
Persons: Sam Altman, Josh Kushner's, Sam Altman's, Altman, Satya Nadella, Greg Brockman, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Nadella, — CNBC's Ari Levy, Jordan Novet, Elon Musk Organizations: Economic Cooperation, APEC, CNBC, Microsoft, Employees, Brockman's, Tiger Global, Fund, Sequoia Capital, Bloomberg Locations: Asia, San Francisco , California, OpenAI
☆ OpenAI is hiring former Twitch CEO Emmett Shear to run company two days after ousting Sam Altman
  + stars: | 2023-11-19 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Emmett Shear, former CEO of Twitch, in a Bloomberg Television interview in San Francisco, California, U.S., on Wednesday, Sept. 14, 2016. OpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence company, two days after the sudden ouster of Sam Altman, CNBC has confirmed. Unlike most Silicon Valley startups, OpenAI wasn't structured like a typical corporation with large chunks of equity controlled by the founders. Shear stepped down as CEO of Twitch, the livestreaming service now owned by Amazon , in March. — CNBC's Ari Levy contributed to this reportWATCH: Madrona's Matt McIlwain talks Sam Altman's departure as OpenAI CEO
Persons: Emmett Shear, Twitch, OpenAI, Sam Altman, Shear, Altman, Mira Murati, didn't, Murati, — CNBC's Ari Levy, Matt McIlwain, Sam Altman's Organizations: Bloomberg Television, CNBC, Bloomberg, Microsoft, Tiger, Sequoia Capital, Amazon, OpenAI Locations: San Francisco , California, U.S
☆ Salesforce appoints longtime executive Denise Dresser as Slack CEO
  + stars: | 2023-11-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Longtime Salesforce executive Denise Dresser has been appointed CEO of Slack, Salesforce co-founder and chief executive Marc Benioff announced Monday. Dresser becomes the third CEO of the Salesforce unit since it was acquired by Salesforce in 2020. She has been a Salesforce executive for more than 12 years, according to her company biography and LinkedIn profile, most recently as president of accelerated industries. Dresser will take the top job at Slack after its most recent CEO, Lidiane Jones, accepted the chief executive role at dating app Bumble earlier this month. Most notably, Slack founder Stewart Butterfield and Salesforce co-CEO Bret Taylor departed in the span of two weeks in December 2022.
Persons: Technology Denise Holland Dresser, Casey Hurbis, Shilpa Sharma, Denise Dresser, Slack, Salesforce, Marc Benioff, Dresser, Lidiane Jones, Jones, Bumble, Whitney Wolfe, Benioff, Denise, Arthur Andersen, Stewart Butterfield, Bret Taylor, Butterfield, — CNBC's Ari Levy, Jordan Novet Organizations: Communications, Media, Technology, Rocket, Boston Consulting, Salesforce, CNBC, University of Massachusetts Amherst, Oracle, Big Locations: Beverly Hills , California, Salesforce
☆ WeWork, once valued at $47 billion, files for bankruptcy
  + stars: | 2023-11-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +3 min
The WeWork logo is displayed outside of a shared commercial office space building in Los Angeles, California on August 8, 2023. The bankruptcy filing is limited to WeWork's locations in the U.S. and Canada, the company said in a press release. The company reported liabilities ranging from $10 billion to $50 billion, according to a bankruptcy filing. Valued in 2019 at $47 billion in a round led by Masayoshi Son's SoftBank, the company tried and failed to go public five years ago. The company leases millions of square feet of office space in 777 locations around the world, according to its regulatory filings.
Persons: WeWork, Patrick T, Fallon, PATRICK T, FALLON, David Tolley, Masayoshi Son's SoftBank, Adam Neumann, Neumann, Kirkland, Ellis, Cole Schotz, PJT, CNBC's Ari Levy Organizations: Securities and Exchange Commission, SEC, Getty, New York Stock Exchange, CNBC, PJT Partners, C Street Advisory Group, Alvarez, Marsal Locations: Los Angeles , California, AFP, New Jersey, U.S, Canada
☆ CNBC Daily Open: A Goldilocks jobs market?
  + stars: | 2023-06-05 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And yes, the astounding number of new jobs added in May suggests that the labor market is still robust, which might add to inflationary pressures. Average hourly earnings were 10 basis points lower than forecast on an annual basis — but still higher than the historical average. That impressive showing doesn't bring the Russell to par with the S&P's gain year to date, but in the past week, the Russell rose 3.3% while the S&P added 1.8%.
Persons: Biden, that's, Terry Sandven, CNBC's Ari Levy, Russell, it's Organizations: CNBC, Federal Reserve, U.S, Bank Wealth Management, Markets, Dow Jones, Nasdaq Locations: U.S
☆ CNBC Daily Open: The Goldilocks effect
  + stars: | 2023-06-05 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Average hourly earnings were 10 basis points lower than forecast on an annual basis — but still higher than the historical average. "The so-called Goldilocks has entered the house," Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, said. That impressive showing doesn't bring the Russell to par with the S&P's gain year to date, but in the past week, the Russell rose 3.3% while the S&P added 1.8%.
Persons: Joe Biden, Biden, that's, Terry Sandven, CNBC's Ari Levy, Russell, it's Organizations: White, CNBC, Federal Reserve, U.S, Bank Wealth Management, Markets, Dow Jones, Nasdaq Locations: Washington , DC, U.S
☆ Meta announces big price cuts for its VR headsets
  + stars: | 2023-03-03 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +1 min
Meta will slash the prices of its Quest 2 and high-end Quest Pro headsets, the company announced Friday. The price of the Meta Quest 2 will drop from $499.99 to $429.99, while the price of the higher-end Meta Quest Pro will be slashed to $999.99 from $1,499.99. Meta lost $13.7 billion on its Reality Labs segment in 2022. The Meta Quest Pro 2 was announced in November, but its high price put it out of reach for most consumers. The price changes will begin rolling out on March 5 for the Meta Quest 2.
☆ Watch CNBC's full tech discussion with Evercore's Mark Mahaney
  + stars: | 2023-01-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full tech discussion with Evercore's Mark MahaneyEvercore ISI's Mark Mahaney and CNBC's Ari Levy join 'The Exchange' to discuss tech earnings after mega-cap tech struggled in the last year. Will things be better in 2023?
☆ We want to look for companies that are somewhat recession resistant, says Evercore's Mahaney
  + stars: | 2023-01-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe want to look for companies that are somewhat recession resistant, says Evercore's MahaneyEvercore ISI's Mark Mahaney and CNBC's Ari Levy join 'The Exchange' to discuss tech earnings after mega-cap tech struggled in the last year. Will things be better in 2023?
☆ From $32 billion to criminal investigations: How Sam Bankman-Fried's empire vanished overnight
  + stars: | 2022-11-15 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +17 min
Alameda's success spurred the launch of crypto exchange FTX in the spring of 2019. A Twitter fight with the CEO of rival exchange Binance pulled the mask off the scheme. Alameda, FTX and a host of subsidiaries Bankman-Fried founded have filed for bankruptcy protection in Delaware. On Nov. 2, CoinDesk reported a leaked balance sheet showing that a significant amount of Alameda's assets were held in FTX's illiquid FTT token. On Nov. 6, according to Bankman-Fried, the exchange had roughly $5 billion of withdrawals, "the largest by a huge margin."
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