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☆ Why so many drug stores are closing
▼ + stars: | 2023-10-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Now, they are closing thousands of stores, leaving gaps in communities for medicines and essentials. It comes amid walkouts by Walgreens pharmacists and technicians around the country and at CVS stores in Kansas City over low pay and understaffed stores. Drug store strugglesRite Aid’s bankruptcy reflects long-term struggles in the retail pharmacy industry. Walgreens and other drug stores have closed thousands of stores in recent years. But this strategy requires fewer brick-and-mortar retail stores.

Persons: Angus Mordant, Justin Sullivan, drugstores, ”, David Silverman, ” Silverman, Drugstores Organizations: New, New York CNN, Rite Aid, Bloomberg, Getty Images Rite, Walgreens, CVS, Walmart, Fitch, Aetna, Pharmacy, McKinsey . Rite, American Medical Association Locations: New York, Kansas City, drugstores

I need to have him back, in good shape – like before he left Thailand.”Thai workers at a vineyard in southern Israel. David Silverman/Getty Images/FILE‘Palestinian workers weren’t welcome anymore’Migrant workers from Asia make up more than half of Israel’s foreign work force, often taking on jobs as caregivers and within the construction industry. Human Rights Watch called for the “immediate and unconditional release” of all hostages and said that Thai workers, along with Nepalese and Filipinos, “were simply there to earn money to support their families. Migrant workers migrating to dangerous conflict zones in search of work, with little protection and legal enforcement, has been a “big issue for decades,” said British researcher and migrant worker rights specialist Andy Hall. Thailand itself is a major destination for migrant workers, mainly from poorer neighboring countries like Cambodia and Laos, as well as war-torn Myanmar.

Persons: Chumporn, Manee Jirachart, Jobs, Manee, He’d, Srettha Thavisin, ”, Phil Robertson, Lillian Suwanrumpha, Phiphat Ratchakitprakarn, ’ Manee, “, ” Chumporn, David Silverman, Paul Castelvi, Nick, Paul, Ladizhinskaya, Kav LaOved, Israel ”, ” Ladizhinskaya, Robertson, ‘, Andy Hall, ” Hall, Martin Griffiths Organizations: Bangkok CNN, Hamas, CNN, “, Asia, Human Rights Watch, Getty, Labour, CNN Philippines, Rights, Agency, UN Locations: Bangkok, Thailand, Israel, Gaza, United States, Canada, France, Asia, Palestinian Territories, Philippines, “ Thailand, AFP, Palestine, China, San Fernando, Pampanga, “, Cambodia, Laos, Myanmar

☆ Silverman: If mega-cap tech stocks are okay, a broader market sell-off is unlikely
▼ + stars: | 2023-10-11 | 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 EmailSilverman: If mega-cap tech stocks are okay, a broader market sell-off is unlikelyAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses options activity and market volatility.

Persons: Silverman, Amy Wu Silverman Organizations: RBC Capital Markets

☆ Silverman: Options activity around mega-cap tech has soured in recent months
▼ + stars: | 2023-09-26 | 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 EmailSilverman: Options activity around mega-cap tech has soured in recent monthsAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses sentiment and activity in the options market.

Persons: Silverman, Amy Wu Silverman Organizations: RBC Capital Markets

☆ Stock market weakness could continue in week ahead as looming government shutdown adds to fears
▼ + stars: | 2023-09-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Headwinds are piling up for the market heading into the final week of the month, as September lives up to its reputation as a horrible month for Wall Street. Wolfe Research's Rob Ginsberg pointed out in a note this week that the CBOE Volatility Index (VIX) doesn't suggest much fear in markets. "We have a potential shutdown in Washington, as well as the UAW strike, which could potentially create some volatility in jobs data in particular." But investors heading into the final trading week of September will likely see a continuation of those losses, if history is any indication. "We could see the market experience additional weakness over the next several weeks," said Sam Stovall, chief investment strategist at CFRA.

Persons: Wolfe, Rob Ginsberg, VIX, Amy Wu Silverman, Aditya Bhave, Shannon Saccocia, Saccocia, there's, RBC's Wu Silverman, what's, Goldman Sachs, Scott Rubner, Sam Stovall, Michael Bloom, Jeff Cox Organizations: Wall, Dow Jones, Reserve, Bank of America U.S, UAW, CFRA, Costco Wholesale, Nike, Chicago, Dallas Fed, New, Richmond Fed, Costco, Micron, . Kansas City Fed Manufacturing, BEA, Auto, PCE Deflator, Chicago PMI Locations: Washington, Detroit, . Kansas, Chicago, Michigan

☆ 'Game of Thrones' author George R.R. Martin and other writers sue ChatGPT's maker claiming copyright infringement: 'Generative AI threatens to decimate the author profession'
▼ + stars: | 2023-09-21 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Martin and other authors are suing ChatGPT owner OpenAI claiming copyright infringement. It follows a series of lawsuits writers launched against OpenAI over similar accusations. This latest lawsuit joins a series of legal disputes that writers have launched against OpenAI on similar accusations of copyright infringement. Associated Press, for instance, struck a two-year agreement with OpenAI that gives the AI company permission to train ChatGPT on its archive of news stories. As for the Authors Guild, writers "must have the ability to control if and how their works are used by generative AI," Authors Guild CEO Mary Rasenberger wrote in a statement.

Persons: George R.R, Martin, OpenAI, —, John Grisham, Mona Awad, Paul Tremblay, Weeks, Sarah Silverman —, Christophe Golden, Richard Kadrey —, It's, Mary Rasenberger, Rasenberger Organizations: Service, OpenAI, of, Hollywood, The New York Times, Stability, Getty, Associated Press, Authors Guild Locations: Wall, Silicon, ChatGPT, Southern, of New York

☆ George R. R. Martin, Jodi Picoult and other famous writers join Authors Guild in class action lawsuit against OpenAI
▼ + stars: | 2023-09-20 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

New York CNN —A group of famous fiction writers joined the Authors Guild in filing a class action suit against OpenAI on Wednesday, alleging the company’s technology is illegally using their copyrighted work. Martin, Jodi Picoult, John Grisham and Jonathan Franzen are among the 17 prominent authors who joined the suit led by the Authors Guild, a professional organization that protects writers’ rights. “Generative AI threatens to decimate the author profession,” the Authors Guild wrote in a press release Wednesday. Two other authors sued OpenAI in June over the company’s alleged misuse of their works to train ChatGPT. Authors should have the right to decide when their works are used to ‘train’ AI,” author Jonathan Franzen said in the release on Wednesday.

Persons: OpenAI, George R.R, Martin, Jodi Picoult, John Grisham, Jonathan Franzen, Mary Rasenberger, “, Sarah Silverman, Silverman –, ” Sam Altman, Rasenberger, James Patterson, Roxane Gay, Margaret Atwood —, ” Organizations: New, New York CNN, OpenAI, Authors, of, CNN, Amazon, Meta, San, Microsoft Locations: New York, Southern, of New York, San Francisco federal

NEW YORK (AP) — John Grisham, Jodi Picoult and George R.R. Martin are among 17 authors suing OpenAI for “systematic theft on a mass scale,” the latest in a wave of legal action by writers concerned that artificial intelligence programs are using their copyrighted works without permission. “Great books are generally written by those who spend their careers and, indeed, their lives, learning and perfecting their crafts. The online giant is now asking writers who want to publish through its Kindle Direct Program to notify Amazon in advance that they are including AI-generated material. Amazon is also limiting authors to three new self-published books on Kindle Direct per day, an effort to restrict the proliferation of AI texts.

Persons: — John Grisham, Jodi Picoult, George R.R, Martin, OpenAI, David Baldacci, Sylvia Day, Jonathan Franzen, Elin Hilderbrand, Mary Rasenberger, Direwolves, Michael Chabon, David Henry Hwang, ”, Sarah Silverman, Paul Tremblay, “ Organizations: Authors, Amazon, Kindle Locations: New York, U.S, San Francisco, California

☆ California sues Chevron, Exxon, Shell, others for public deception on climate change
▼ + stars: | 2023-09-18 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

The state of California on Friday filed one of the most significant cases against major oil companies for their role in perpetuating climate change. The oil companies named as defendants are BP , Chevron , ConocoPhillips , Exxon Mobil , and Shell . The state is seeking an abatement fund paid for by the defendants that will finance recovery efforts for the future damage of human-caused climate change. It also asks that the oil companies and their trade group pay a share of the damages from extreme weather disasters worsened by climate change. Shell, based in the U.K., maintained that its position on climate change "has been a matter of public record for decades."

Persons: Rob Bonta, Korey Silverman, Columbia University's, Silverman, Newsom, API's, Ryan Meyers, Roati Organizations: Exxon, American Petroleum Institute, Chevron, ConocoPhillips, Exxon Mobil, Shell, Columbia, Climate Change, California Gov Locations: San Francisco , California, California, San Francisco, Chevron, Texas

☆ The raw materials for creating AI
▼ + stars: | 2023-09-15 | by ( Alistair Barr | Kali Hays | ) www.businessinsider.com time to read: +5 min

The AI models behind this technology are built using high-quality datasets from millions of different sources. These are the raw materials for model "training," in industry parlance. Nvidia GPUs are the main hardware required for AI model training. AdvertisementAdvertisementOver 8,000 authors, including Margaret Atwood and James Patterson, signed an open letter demanding compensation from AI companies for using their works to train AI without permission. Got a tip or insights about the leading AI companies OpenAI, Google, Microsoft and Meta?

Persons: ChatGPT, Nat Friedman, Ben Thompson, Friedman, There's, OpenAI, Reddit, Sarah Silverman, Margaret Atwood, James Patterson, JK Rowling's Harry Potter, Alistair Barr Organizations: Service, Nvidia, Tech, Amazon, LexisNexis, Meta, Google, Microsoft, Twitter Locations: Wall, Silicon, abarr@insider.com

☆ Lena Dunham will paint you a custom mural for $3,000: Why celebs are auctioning their time and talents on eBay
▼ + stars: | 2023-09-14 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

For the low price of $3,000, Lena Dunham will paint a mural in your home. Dunham's offer, which is available to residents of New York City, Los Angeles and London, has already received 17 bids as of Tuesday morning. For $590, bidders can get "20 minutes and 20 Questions with filmmaker and actress Maggie Gyllenhaal." "Mr. Show" creators Bob Odenkirk and David Cross are offering to get dinner with a bidder in New York or Los Angeles. "The talent has the right to end the experience at any time, for any reason, with no refund," the terms say.

Persons: Lena Dunham, Lena, Dunham, Natasha Lyonne's, Severance, Adam Scott's, Maggie Gyllenhaal, Gyllenhaal, Sarah Silverman, Bob Odenkirk, David Cross, Saul, celebs, it's, Donald Glover's, Rian Johnson, Jeremy Allen White, Ebon Moss, Bachrach, Ayo, Brit Marling Organizations: Hollywood, New York Times, CNBC Locations: New York City, Los Angeles, London, New York, Atlanta

☆ US retail spending picked up in August, mostly due to sales at gas stations
▼ + stars: | 2023-09-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —US retail sales picked in August, boosted by higher gas prices, as spending on other items grew modestly. Retail sales, which are adjusted for seasonal swings but not inflation, rose 0.6% in August, the Commerce Department reported Thursday. Excluding sales at gasoline stations, retail spending advanced a more modest 0.2% in August from July. Retail spending increased across most categories, including at restaurants and grocery stores. Online retail sales in August were flat, after jumping in July due to Amazon’s Prime Day promotional event.

Persons: That’s, It’s, “ Fitch, ”, David Silverman, Goldman Sachs, there’s, Lydia Boussour, “ Encouragingly, Boussour Organizations: DC CNN, Commerce Department, AAA, Federal Reserve, Fitch Locations: Washington, Libya, EY

A Meta logo is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 19, 2023. The authors said in the OpenAI case that works like books and plays are particularly valuable for AI language training as the "best examples of high-quality, long form writing." Meta and OpenAI were also sued for copyright infringement in July by a separate group of authors that includes comedian Sarah Silverman, part of a growing list of copyright cases against AI companies. Meta published a list of datasets used to train its first version of the Llama model, which it released in February. The company did not disclose training data for its latest version, Llama 2.

Persons: Eric Gaillard, Michael Chabon, Chabon, Tony, David Henry Hwang, Matthew Klam, Rachel Louise Snyder, Ayelet Waldman, Meta, Sarah Silverman, Blake Brittain, Katie Paul, David Bario, Daniel Wallis Organizations: Cannes Lions International, Creativity, REUTERS, Meta, Google, Thomson Locations: Cannes, France, San Francisco federal, Washington, New York

☆ Disney-Charter dispute is the slippery slope of linear cables demise: Propagate's Ben Silverman
▼ + stars: | 2023-09-06 | 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 EmailDisney-Charter dispute is the slippery slope of linear cables demise: Propagate's Ben SilvermanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Propagate's Ben Silverman, Brian Sullivan, “ Organizations: Disney, CNBC

☆ Instagram is making you a worse tourist. Here’s how to travel respectfully
▼ + stars: | 2023-08-29 | by ( Lauren A. Siegel | ) edition.cnn.com time to read: +7 min

Now, travelers also look to social media for proof of how others behave. If their peers from home are throwing caution to the wind while on vacation, this can cause a domino effect of bad behavior. I’ve identified other bad travel attitudes and habits that have emerged as a result of social media-driven tourism. The Instagram effectWhen people travel to a beautiful place, the temptation to post photos and videos to social media is high. This speaks to the role of social media as part of the problem when it comes to bad tourist behavior.

Persons: I’ve, David Silverman, Bali, Vienna –, Finland’s, Finn, aren’t, you’ve, Lauren A, Siegel Organizations: CNN, Getty, influencers, Research, University of Greenwich Locations: Rome, geotags, Italy, Florence, Bali, Iceland, Hawaii, Palau, New Zealand, Costa Rica, Vienna, Netherlands, Amsterdam, London

☆ Simon Cowell sold his 6-bedroom London mansion for $19 million amid security fears that left him in 'total shock'
▼ + stars: | 2023-08-24 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Simon Cowell sold his six-bedroom mansion in London amid fears for his family's safety. The 6-bedroom residence in Kensington was sold for £15 million (about $19 million). Cohort Capital, a real estate private equity firm, provided a £5.5 million ($7 million) loan to the buyer, whose new neighbors will include Ed Sheeran and David Beckham. AdvertisementAdvertisementThe garden of the property on Addison Crescent in Kensington, west London. Cohort Capital disputed reports that the asking price had been reduced by £30 million.

Persons: Simon Cowell, Ed Sheeran, David Beckham, Cowell, Lauren Silverman, Eric, we're, Matt Thame Organizations: Service, Capital, Guardian, Daily, Addison, Press Association, Sun, People Magazine Locations: London, Kensington, Wall, Silicon, Addison Crescent

☆ Meta releases AI model for translating speech between dozens of languages
▼ + stars: | 2023-08-22 | by ( Katie Paul | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsNEW YORK, Aug 22 (Reuters) - Facebook parent company Meta Platforms (META.O) on Tuesday released an AI model capable of translating and transcribing speech in dozens of languages, a potential building-block for tools enabling real-time communication across language divides. Meta is making the model available to the public for non-commercial use, the blog post said. Nonetheless, Meta faces similar legal questions as the rest of the industry around the training data ingested to create its models. In July, comedian Sarah Silverman and two other authors filed copyright infringement lawsuits against both Meta and OpenAI, accusing the companies of using their books as training data without permission. A Meta spokesperson did not respond to questions on the provenance of the audio data.

Persons: Dado Ruvic, Mark Zuckerberg, Zuckerberg, Sarah Silverman, Katie Paul, Rosalba O'Brien Organizations: REUTERS, Facebook, Meta, Microsoft, Google, Thomson

☆ The 16 Best Items to Add to Your Registry—and Where to Register
▼ + stars: | 2023-08-17 | by ( Erika Veurink | ) www.wsj.com time to read: +17 min

By Erika VeurinkA wedding registry is a couple’s chance to creatively express the kind of life you hope to create together. If you’re a bride or groom to be, you can easily add a link to these eye-catching utensils to your Zola registry. Add the link to the multipurpose pressure cookware to your registry on Zola, or shop it at Amazon or Walmart. Add this link to your Zola registry (and browse other local gift options) and your guests can send a wedding-week-pick-me-up or gift an ongoing subscription. And if you don’t know where to start, Bloomingdale’s wedding registry checklist will help you narrow down what you need.

Persons: Erika Veurink, Zola, ”, Maria Del Russo, servingware, Simone Silverman, Silverman, Del Russo, “, Margaux, Alexandra Daniel, Daniel, Dyson, Holly Liss Jammet, Jammet, Jones, Great Jones, Tricia Lowenfield, Sarah Swann, napkins Swann, Gregory Blake Sams, You’ll, you’d, Sams, Christolfe, Coffee, Anbouba, Neiman Marcus, Delaney Lundquist, she’s, Lundquist, Lily Sullivan, ” Sullivan, Hawkins, Food52, Sullivan Organizations: New, Margot Magazine, Designs, Zola, Elle, Walmart, ” Investment, ”, Farmers, tote, Courtland, Co, Target Locations: Zola, New York City, Florida, Italy, Flamingo, Los Angeles, Great, York, City, Charleston, S.C, Sur, Charlotte, N.C, Brooklyn, N.Y

☆ OpenAI could face a plagiarism lawsuit from The New York Times as tense negotiations threaten to boil over, report says
▼ + stars: | 2023-08-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

OpenAI has been holding talks with media organizations to discuss a licensing deal. But tensions with The New York Times have increased, and the newspaper is exploring legal action, per NPR. The New York Times is considering suing OpenAI over an intellectual property dispute, NPR reported. People involved in the negotiations told the FT that news publishers could be paid a subscription fee by AI companies who want to use their content to develop the technology. The New York Times and OpenAI did not immediately respond to Insider's request for comment, sent outside US working hours.

Persons: OpenAI, ChatGPT —, Google's Bard, they're, OpenAI —, Sarah Silverman Organizations: New York Times, NPR, Morning, Microsoft, Adobe, Financial Times, The Times, News Corp, Street Locations: London

☆ Amazon built a data center empire in northern Virginia. Exclusive filings reveal it's using as much energy as a major city.
▼ + stars: | 2023-08-16 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +16 min

Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.

Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, –, Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE

☆ 13 Hollywood production companies making brand films that streamers like Netflix and Apple want to buy
▼ + stars: | 2023-08-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

said Marc Gilbar, who runs the brand division at Imagine Entertainment. Some are also looking to brand films to offset some of the revenue they're losing in the dual Hollywood strikes. (Brand films are often unscripted and thus aren't governed by the Hollywood unions.) They also see brand work being a positive for below-the-line workers who are idled by the work stoppage. Led by EVP Kate Oppenheim, Tribeca Studios' projects have included "We Could be King" (ESPN2) for Dick's Sporting Goods and P&G's Queen Collective series (BET).

Persons: Ben Silverman, Issa Rae's Hoorae, Kevin Hart's Hartbeat, Julian Jacobs, we've, Marc Gilbar, Samuel L, Jackson, Emma Stone, Zac Ryder, Olivia Wilde, Laurene Powell Jobs, Caitlin McGinty, It's, James Gay, Rees, Paul Martin, Kevin Hart's, Hart, Hartbeat, Brian Price, Chase Sapphire, Procter, Reese Witherspoon, Zoe Fairbourn, Ron Howard, Brian Grazer's, Ron Howard's, Bryce Dallas Howard, Gilbar, Rocco DiSpirito, General Mills, Rupert Maconik's Saville, Werner Herzog, Barry Levinson, Sugar23, Oscar, Michael Sugar, Trevor Noah's, he's, Kennedy, Matt Rotondo helms, Sugar, Mike Beck, Alexa Conway, Trevor Noah, Kate Oppenheim, HBO Max, Paul McCartney, Mary McCartney Ventureland, Kerstin Emhoff, Paul Hunter, John Battsek, Stacy's Pita Chips, Will, Jada Pinkett, REI, Gargi Organizations: Hollywood, Brands, Mattel, Netflix, Apple, UTA, Imagine Entertainment, Producers, Adobe, IBM, Anonymous, HP, Afghan Girls National Soccer Team, Showtime, Pepsi Boardwalk Pictures, Relativity Media, Super, Pepsi, REI, Unilever, Marriott, Surf League, Major League Soccer, Sam's, Gamble, Weinstein Co, Hulu, Imagine, Paramount, Saville Productions, Disney, Time Studios, Procter & Gamble, Anheuser, Busch, InBev, CAA, Studios, MSNBC, ABC, NBC, Tribeca Studios, Dick's Sporting Goods, HBO, CNN, Mobile, Stacy's, Everest, Vice Studios, Westbrook Media, Meta, Logitech, Samsung Locations: Hollywood, Subway, Magnolia

☆ Etsy CEO Josh Silverman goes one-on-one with Jim Cramer
▼ + stars: | 2023-08-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Etsy CEO Josh Silverman goes one-on-one with Jim Cramer'Mad Money' host Jim Cramer sits down with Etsy CEO Josh Silverman to talk earnings, guidance for the second half of the year, consumer behavior and more.

Persons: Josh Silverman, Jim Cramer

☆ Etsy CEO says the company is seeing a new all-time high of active buyers
▼ + stars: | 2023-08-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Etsy CEO Josh Silverman discussed his company's earnings with CNBC's Jim Cramer on Thursday, noting that the e-commerce platform closed out Q2 with a new all-time high of active buyers, just under 91 million. Etsy reported $629 million in revenue, topping $619 million consensus estimates, according to Refinitiv. "Etsy experienced extraordinary gains during the pandemic, and unlike so many other companies, we've held almost all of those gains," Silverman said. The company is also seeing strong international growth, as well as strong performance during holidays and special occasions, Silverman said. "There's 115 million things for sale on Etsy right now.

Persons: Josh Silverman, CNBC's Jim Cramer, Etsy, we've, Silverman, Cramer, " Silverman

☆ Etsy CEO Josh Silverman: We've held onto almost all of our pandemic gains
▼ + stars: | 2023-08-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtsy CEO Josh Silverman: We've held onto almost all of our pandemic gains'Mad Money' host Jim Cramer sits down with Etsy CEO Josh Silverman to talk earnings, guidance for the second half of the year, consumer behavior and more.

Persons: Josh Silverman, We've, Jim Cramer

☆ Etsy shares plunge 12% on weak guidance
▼ + stars: | 2023-08-03 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Etsy shares slid more than 12% on Thursday afternoon, a day after the company reported better-than-expected second-quarter results but gave weak guidance for third-quarter revenue and gross merchandise sales, or GMS. Here's how the company did:Earnings : 45 cents per share, adjusted, vs. 43 cents per share, as expected by analysts, according to Refinitiv. : 45 cents per share, adjusted, vs. 43 cents per share, as expected by analysts, according to Refinitiv. Revenue: $629 million vs. $619 million as expected by analysts, according to Refinitiv. At the midpoint, it fell short of the $3.04 billion expected by a survey of Refinitiv analysts.

Persons: Etsy, Rachel Glaser, Josh Silverman, Silverman Organizations: Refinitiv, GMS, Services Locations: Refinitiv, Etsy, Silicon

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