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☆ Canva hires former Zoom CFO Kelly Steckelberg to run finance ahead of expected IPO
▼ + stars: | 2024-11-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Founded in 2013, Canva was valued recently at $32 billion, a drop from its peak of $40 billion in 2021. Canva is generating about $2.5 billion in annualized revenue and boasts 220 million monthly users. Steckelberg held financial positions at Cisco and was CEO of online dating company Zoosk before joining Zoom in 2017. Steckelberg announced her departure from Zoom in August after seven years at the company. Canva's previous finance chief Damien Singh resigned in February after the company said it was conducting an internal investigation surrounding inappropriate behavior.

Persons: Kelly Steckelberg, John Ritter, Canva, Klarna, Zoom, Steckelberg, Michelle Chang, Damien Singh Organizations: John, John Ritter Foundation, Relics, Adobe, Nasdaq, U.S . Securities, Exchange Commission, Cisco, Zoom Locations: Van Nuys , California, Austin , Texas, Sydney, Australia

☆ South Sudan is home to ‘world’s largest land mammal migration.’ War means no one knows about it.
▼ + stars: | 2024-06-25 | by ( Nell Lewis | ) edition.cnn.com time to read: +14 min

Antelopes, hundreds of thousands of them, are crossing the savannas of South Sudan. But a report published today estimates that South Sudan is home to the largest known migration of land mammals on Earth. South Sudan, a country in central Africa, has a varied landscape, from rainforests to lush savannas and swamplands fed by the Nile River (pictured). Marcus Westberg He suspects that the migration’s survival and growth is likely to be linked to the decades of war South Sudan has suffered. South Sudan gained independence from Sudan in 2011 after decades of civil war.

Persons: Marcus Westberg, Mike Fay, ”, Steve Boyes, South Sudan Fay, He’s, “ It’s, Jigar, Fay, ” Fay, “, you’ve, We’ve, “ We’ve, Boyes, Salva Kiir Mayardit Organizations: CNN, Initiative, African Parks, African Parks Network, Parks Network, United Nations, Parks, Rolex, Ministry of Wildlife Locations: South Sudan, Sudan, Africa, African, Ethiopia, South Sudan’s, Juba, “, Tanzania

☆ Stocks held by ARK Invest's flagship innovation fund have seen huge losses. Here are the fund's 10 biggest losers.
▼ + stars: | 2024-05-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Ark Invest's flagship innovation ETF, which trades under the ticker symbol "ARKK," has seen massive losses since it peaked in February 2021. Here are the 10 biggest losers held in the ARKK ETF, according to data from Cathie's Ark. Pacific BiosciencesMarkets InsiderARKK average cost basis: $19.84Current price: $1.88% Change: -90.2%2. Teladoc HealthMarkets InsiderARKK average cost basis: $163.91Current price: $11.43% Change: -93.0%Advertisement1. Ginkgo BioworksMarkets InsiderARKK average cost basis: $9.99Current price: $0.66% Change: -93.4%

Persons: —, It's, Wood, Tesla Organizations: ARK, Service, Invest, Nasdaq, Intellia Therapeutics, UiPath, Roku, Verve Therapeutics, Unity Technologies, Genomics, Pacific Biosciences, Teladoc

☆ Stocks making the biggest moves premarket: Macy's, Lowe's, Peloton, Zoom Video and more
▼ + stars: | 2024-05-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Macy's — The department store operator added about 3% after beating earnings estimates for the first quarter and raising its full-year outlook. AutoZone reported revenue of $4.24 billion while analysts polled by FactSet forecast $4.29 billion. XPeng — Shares gained 5% after the Chinese electric vehicle firm beat first-quarter estimates on the top and bottom line. The company reported revenue of 25.6 billion yuan, a 38.6% decrease from the fourth quarter of 2023. Zoom Video — Shares slipped nearly 3% even after the video conferencing company reported better-than-expected earnings and revenue for the first quarter.

Persons: Macy's, Lowe's, XPeng, Baird, David Koning, billings, Li Auto, Paul Lejuez, Wall, LSEG, — CNBC's Michelle Fox, Sarah Min, Jesse Pound Organizations: FactSet, Palo Alto Networks, —, Technologies, Lam Research, Citi Locations: Keysight

☆ I work from a cruise ship for 3 months a year. Here's how I stay productive at sea.
▼ + stars: | 2024-04-24 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

We live in an Orlando rental, but I run the travel-planning business from a cruise ship for three months out of the year. Video calls can be dicey, but voice calls over WiFi work wellMost of my work is using emails, social media apps, and a web browser, so I don't tend to have problems. The upload speed is the most difficult thing about working on a cruise ship. Cruise ships are comparable to remote working spaces, but they offer so much more. Meeting places are usually free on a cruise ship.

Persons: —, Walter Biscardi, Walter Travel, I'd, we'll, I've, Lady Organizations: Service, Business, Royal, Voyages, Virgin Voyages, YouTube, Virgin Locations: Orlando, Atlanta, Royal Caribbean, Oceania

☆ Stocks making the biggest moves midday: Duolingo, JetBlue, Tesla, D.R. Horton and more
▼ + stars: | 2024-04-18 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.

Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, —, Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska

☆ Stocks making the biggest moves premarket: EBay, Tesla, Taiwan Semiconductor, Alaska Air and more
▼ + stars: | 2024-04-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker fell 2.4% despite beating revenue and profit expectations in the first quarter. Blackstone — The asset manager slipped 2.2% after lowering its dividend to 83 cents per share from 94 cents per share. EBay — Shares of the e-commerce stock rose nearly 4% following a double upgrade at Morgan Stanley to overweight from underweight. Etsy — The e-commerce stock slumped nearly 5% following a downgrade by Morgan Stanley to underweight from equal weight. Match Group — Shares slipped nearly 2% after Morgan Stanley downgraded shares to equal weight from overweight.

Persons: D.R, Horton —, Horton, LSEG, Blackstone, Morgan Stanley, Etsy, Alex Harring, Sarah Min, Jesse Pound, Fred Imbert Organizations: Taiwan Semiconductor Manufacturing, Deutsche Bank, Alaska Air —, Revenue, Alcoa, EBay, Communications, Rosenblatt Securities Locations: Taiwan, LSEG

☆ Kari Lake Tries a New Tactic: Mending Fences
▼ + stars: | 2024-03-10 | by ( Kellen Browning | ) www.nytimes.com time to read: +1 min

Even before she announced her campaign for Senate in Arizona, Kari Lake, a Republican and a favorite of former President Donald J. Trump, has been on a mission to make peace. But now, looking to wrest a seat from Democrats in a key presidential battleground, Ms. Lake is courting former foes and trying to mend fences. In addition to her public overtures, Ms. Lake has reached out privately to establishment Republicans in the state in recent months — including some she personally offended — seeking their support. In some cases, Ms. Lake has expressed regrets about her past behavior, one of the people said. “I think you clearly see a genuine effort to bring more Republicans into the fold.”

Persons: Kari Lake, Donald J, Trump, —, Doug Ducey, Jan Brewer, Karrin Taylor Robson, Matt Salmon, Meghan McCain, John McCain, Lake, ”, Daniel Scarpinato Organizations: Senate, Republican Locations: Arizona

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Unity Software, Viking Therapeutics and more
▼ + stars: | 2024-02-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Norwegian Cruise Line — The cruise ship operator soared 18% on strong forward guidance. Unity expects adjusted EBITDA to range between $45 million and $50 million, versus the $113 million expected by analysts polled by FactSet. Viking Therapeutics — The clinical-stage biotech soared more than 90% after fulfilling primary and secondary endpoints in its Phase 2 GLP-1 study. Earnings came in at $1.57 per share, beating expectations of $1.47 per share, according to LSEG, formerly known as Refinitiv. Revenue of $1.92 billion matched analysts' expectations.

Persons: Viking, LSEG, Cava, Wells, Duolingo, CarGurus, — AutoZone, Microstrategy, —, Sarah Min, Michelle Fox, Alex Harring, Jesse Pound, Yun Li Organizations: Cruise, Unity Software, FactSet, Therapeutics, Hess Corporation, Chevron, Exxon Mobil, China's, Offshore Oil Corp, Hess, Bank of America Securities, Seaport Research Partners, CleanSpark Locations: Cava

☆ Zoom CFO explains how the company serves remote and in-person workers
▼ + stars: | 2024-02-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Zoom CFO Kelly Steckelberg told CNBC's Jim Cramer on Tuesday that the company is not just a video conferencing platform, saying it has successfully broadened its offerings. The great thing is that Zoom has tools to support them no matter where they are in that work journey." A staple for many during the pandemic, Zoom suffered as more people returned to offices and in-person events. Zoom CEO Eric Yuan lauded the success of the product during the company's conference call, saying it's "broadening the funnel into the Zoom platform." Steckelberg knocked Zoom's primary competitor, Microsoft , suggesting that some may be involuntarily shepherded into using the tech giant's Teams program.

Persons: Kelly Steckelberg, CNBC's Jim Cramer, they've, Steckelberg, Eric Yuan, we're Organizations: Broadcom, Diageo, Contact, Microsoft

☆ Stocks making the biggest moves premarket: Unity Software, Cava, Zoom Video, Viking Therapeutics and more
▼ + stars: | 2024-02-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Unity Software — Shares tumbled 15% after the video game developer forecasted that adjusted EBITDA would come in below analysts' expectations for the current quarter. Analysts polled by FactSet had expected $113 million in EBITDA, while Unity is expecting only between $45 million to $50 million. Workday's adjusted earnings came in at $1.57 a share, higher than the $1.47 expected by analysts polled by LSEG. AutoZone's earnings of $28.89 per share topped the $26.28 per share analysts had anticipated, according to LSEG. The company's $3.85 billion revenue was also higher than the anticipated $3.84 billion.

Persons: FactSet, LSEG, CarGurus, they'll, AutoZone, EBITDA, Wells, — CNBC's Michelle Fox, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Unity, LSEG, FactSet, PPG, Barclays, PPG Industries, FDA Locations: EBITDA, Cava, Wells Fargo, U.S, Canada

☆ Jim Cramer says Wall Street initially got Lowe's quarter and guide wrong. Here's why
▼ + stars: | 2024-02-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Cramer said Stanley Black & Decker , a holding the CNBC Investing Club portfolio, is a buy off these Lowe's numbers. Macy's : The department store chain reported better than expected quarter but offered conservative guidance that missed forecast. Competitor Applovin is kind of crushing Unity, Cramer said. Workday : The provider of enterprise cloud applications for finance and human resources reported a better-than-expected quarter but its guidance was softer. Cramer said Workday, ServiceNow and Club holding Salesforce are the "three best software-as-a-service companies in the world."

Persons: Jim Cramer's, Marvin Ellison, Jim Cramer, Cramer, Stanley Black, Decker, Jeff Gennette, Tony Spring, There's, Kelly Steckelberg Organizations: CNBC, Club, Costco, Unity Software, Unity

☆ Stocks making the biggest moves after hours: Workday, Zoom, CarGurus, Unity Software and more
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Workday — Shares tumbled 9% following the enterprise software company's fourth-quarter earnings report. Workday also reiterated its subscription revenue guidance for the 2025 fiscal year. Zoom Video — The video-conferencing stock surged 11% on the back of a better-than-expected fourth quarter earnings report. Unity said to expect between $45 million $50 million, well under the $113 million consensus estimate of analysts polled by FactSet. Staar posted 16 cents in earnings per share, missing analysts' estimate of 17 cents per share, according to FactSet.

Persons: CarGurus, LSEG, amortization, Unity, Staar Organizations: LSEG, Unity Software, FactSet

☆ How to take pictures of the 2024 solar eclipse: 11 tips from the pros to snap the most dramatic photos
▼ + stars: | 2024-02-13 | by ( Kelly Burch | ) www.businessinsider.com time to read: +9 min

NASA's Scientific Visualization StudioTens to hundreds of millions of people across the US will get to experience a partial solar eclipse on April 8. Scout your spot — then have a backupClouds can block out and ruin the experience of a total solar eclipse. Laurie Ambrose/Getty ImagesThe most important factor for great eclipse photos is something we can’t control: the weather. Consider renting equipmentYou can see the solar corona as thin white whisps jutting out from the moon's shadow in this photo of a total solar eclipse. Enjoy itThis year's total solar eclipse is a once-in-a-lifetime event for some.

Persons: —, ” astrophotographer Jon Carmichael, what's, Carmichael, Andrew Studer, you’re, “ It’s, Laurie Ambrose, Getty, Jon Carmichael, Studer, PhotoPills, Doug Duncan, Jon Carmichael It’s, ” Carmichael, Manfred Gottschalk, you’ve, It’s, ” Studer, Thomson, Jon Carmichael Carmichael’s, keng cheong, Sean Gallup Organizations: Service, Business, National Geographic, BBC, Great, Hubble Space, Thomson Reuters, Getty Locations: Texas, Maine

☆ The S&P 500 set a new record high. How our current Club stocks have fared since the last one
▼ + stars: | 2024-01-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average set its first record close since January 2022 in December and ended Friday's session at a record high above 37,800. The Nasdaq, on the other hand, ended Friday at 15,310.97 — meaning it needs to rally about 5% more to take out its Nov. 19, 2021 record high. It is worth noting that the Nasdaq 100 , which is weighed more heavily in Big Tech, did close at another record high Friday. Quite a bit has happened on Wall Street since the S & P 500's old high in January 2022. Take a look below to see how 31 of our 32 current Club stocks have fared between the S & P 500's record closes.

Persons: Eli Lilly, Jim Cramer, tirzepatide, Tirzepatide, Lilly, —, Eaton, we've, it's, Jim Cramer's, Jim, Spencer Platt Organizations: Nvidia, Palo Alto Networks, Palo, Dow Jones, Nasdaq, Big Tech, Federal Reserve, GE Healthcare, Abbott Labs, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Palo, Palo Alto, Covid, New York City

☆ The world is splitting between those who use ChatGPT to get better, smarter, richer — and everyone else
▼ + stars: | 2023-12-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

There is growing evidence that artificial intelligence tools such as ChatGPT can make you more efficient and capable at work. And the effect will be particularly noticeable if no one else in the company is using AI in this way. All said that outsourcing time-consuming, small jobs to AI tools freed up their time. AI at work still needs careful handlingThere are obvious caveats to using AI to do your work for you. Some companies also have specific rules for AI tools due to fears around copyright or data security.

Persons: ChatGPT, —, OpenAI's, techies, Google's, Matt Calkins, Appian, It's, Shakespeare, Shona Ghosh Organizations: Service, Harvard Business School, Boston Consulting, Developers, Microsoft, Workers

☆ Stocks making the biggest moves midday: Microsoft, Chegg, Zoom Video, Paramount and more
▼ + stars: | 2023-11-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Zoom Video Communications — The software stock added nearly 2% ahead of its third-quarter earnings due after market close. The Professional Fighters League announced on Monday that it completed its acquisition of mixed martial arts brand Bellator from Paramount. Penn Entertainment — The gambling stock jumped 7% on the heels of a Bank of America upgrade to buy from neutral. Boeing — The aerospace stock jumped 4% after Deutsche Bank upgraded the shares to a buy rating from hold. Chegg — Shares of the education technology company dropped 5% following a downgrade to underweight from equal weight by Morgan Stanley.

Persons: Wells, Sam Altman, Greg Brockman, Raymond James, Morgan Stanley, Krispy Kreme, Iovance, Goldman Sachs, Terri Kelly, Kelly, Peter Grom, —, Alex Harring, Yun Li, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: Communications, FactSet, Paramount, Professional Fighters League, Bellator, Penn Entertainment, Bank of America, ESPN Bet, Spectrum Brands, Microsoft —, Microsoft, Nvidia, Boeing, Deutsche Bank, JPMorgan, Caterpillar —, HSBC, United Rentals — United Rentals, Bristol Myers, Energizer Holdings, UBS, RBC Capital Markets Locations: FactSet

☆ Discovery Education's chief product officer says AI can free up employees to focus on complex tasks — but warns against being 'a hammer looking for a nail'
▼ + stars: | 2023-11-14 | by ( Julia Hood | ) www.businessinsider.com time to read: +8 min

Pete Weir, the chief product officer at Discovery Education, says AI can make mundane tasks easier. This Q&A is part of the "CXO AI Playbook" series — straight talk from business leaders on how they're testing and using AI. "Our employees are looking for guardrails," said Pete Weir, Discovery Education's chief product officer. AdvertisementSo one of the most important things was a big zoom-out on how this is going to affect all of us. What advice do you have for a company that's just getting started on its own AI journey?

Persons: Pete Weir, —, It's, Discovery, Weir, ChatGPT, I've, we've, it's, — it's, We're Organizations: Discovery Education, Service

☆ Okta cybersecurity breach wipes out more than $2 billion in market cap
▼ + stars: | 2023-10-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems Friday. Okta is a lesser-known name but forms a critical part of cybersecurity systems at major corporations. Zoom , for example, uses Okta to give "seamless" access through a single login to the company's Google Workspace, ServiceNow , VMware and Workday platforms. At least one of those clients said it had alerted Okta about a potential breach weeks earlier. In a separate post Friday, privately held identity management firm BeyondTrust said it had told Okta's security teams about suspicious activity in BeyondTrust's own Okta systems on Oct. 2.

Persons: Okta, BeyondTrust, Okta didn't Organizations: VMware Locations: Las Vegas

☆ WhatsApp clampdown highlights video call compliance threat for finance firms
▼ + stars: | 2023-10-18 | by ( Sinead Cruise | ) www.reuters.com time to read: +7 min

Video calls are broadly considered proxies for face-to-face meetings and therefore are currently subject to little or no formal record-keeping obligations. At least two major global banks are now recording Zoom calls, said sources with knowledge of the matter, who declined to be named because the information is not public. One bank is recording Zoom calls undertaken by certain staff, including traders, while the other is recording all Zoom calls so content can be reviewed later if needed. FINRA declined to comment on how many firms were subject to the rule or whether the rule also extended to video calls. Video calls pose "unique risks" and technology needed to efficiently screen video calls is not widely used, said Matt Smith, CEO of communications surveillance firm SteelEye.

Persons: Dado Ruvic, Brad Levy, Morgan, Goldman Sachs, Matthew Nunan, Gibson, Dunn, Morgan Stanley, Sarah Pritchard, Claire Garrett, Michael Watling, Seward, FINRA, Matt Smith, Ryan, Yonk, Symphony's Levy, Chris Prentice, Michelle Price, Huw Jones, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Finance, Reuters, U.S, EMEA, Microsoft, Britain's, Authority, HSBC, Bloomberg, U.S . Financial Industry Regulatory Authority, Employees, American Institute for Economic Research, Washington D.C, Thomson Locations: Marsh, U.S, New York, Washington, London

It's become a popular way to send notes to friends without having to type long messages, especially among Gen Z. Not only is using a digital camera nostalgic, they have sharper flash and crisper image quality than a smartphone. As a result, some members of Gen Z are turning to flip phones. In other words, flip phones are helping Gen Z unplug without going entirely off the grid. Dark modeZoom In Icon Arrows pointing outwards Gen Z uses dark mode instead of light mode.

Persons: Daniel de la, Gen Z's, It's, Gen Z, WhatsApp, Emojis, Z, Gen, Jake Piazza, Zoomers Organizations: Pew Research Center, CNBC, Photodisc, Getty, Media, Walmart, Amazon Locations: TikTok

☆ Apple iPhone 15 Pro review: Lighter weight makes a huge difference
▼ + stars: | 2023-09-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +13 min

In addition to the Pro models, Apple also offers two cheaper options, the iPhone 15 and iPhone 15 Plus, which cost $799 and $899 and up. Here's what's new and exciting about the iPhone 15 Pro phones:What's goodTitaniumThe "natural titanium" finish is the most noticeable new iPhone color. The iPhone 14 Pro is in the back and the iPhone 15 Pro is in the front. On the right: 5x zoom photo taken with the iPhone 15 Pro Max Kif Leswing/CNBCIt's also a reason to reach for the bigger iPhone 15 Pro Max over the cheaper but lighter and smaller iPhone 15 Pro. ConclusionThe iPhone 15 Pro on the left, the iPhone 15 Pro Max on the right.

Persons: CNBC I've, I'd, Here's, isn't, it's, Max, Kif, Max Kif Leswing, CNBC It's, you'll, iPhones, Apple CarPlay, they're, It's Organizations: CNBC, 1TB, Max, Apple, Apple Watch Locations: 1TB, Francisco's, Nice

☆ A long list of tech companies are rushing to give themselves the right to use people's data to train AI
▼ + stars: | 2023-09-13 | by ( Kali Hays | ) www.businessinsider.com time to read: +8 min

More companies are quietly updating privacy policies to use collected user data to train AI models. More companies have been trying to do what they can to stop their data from being scraped and saved to expand datasets needed to train AI models. Microsoft's updated Terms , for which it highlighted changes going into effect Sept. 30, added a new five-point section on AI Services. The other four points cover Microsoft disallowing any use of its AI services for other AI tools. At the end of August, it created a simple form where users could "request" to opt out of their data being used to train AI models.

Persons: Zoom, Bard, hasn't, OpenAI, Instacart, they're, Elon Musk, Meta Organizations: Service, Microsoft, Meta, OpenAI, Services, Google, Elon, Facebook Locations: Wall, Silicon, Instacart's

☆ Zoom execs claim its new workplace product is winning sales away from Microsoft's 'clunky' competitor in leaked video
▼ + stars: | 2023-08-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Zoom execs told employees Workvivo wins 80% of sales versus Microsoft's "clunky" competitor, Viva. Zoom earlier this year acquired the Irish employee engagement platform Workvivo founded in 2017. Microsoft introduced its own, similarly named Viva employee engagement platform in 2021 and earlier this year updated it to include its employee message board Yammer, now called Viva Engage. Workvivo Head of Sales DJ Cahill told employees that when Zoom's product is competing with Microsoft Viva, Workvivo wins 70% to 80% of those sales. Employee engagement software is a relatively young market that combines workplace chat tools with areas for corporate news, employee goal tracking, employee directories and the like.

Persons: Zoom execs, Workvivo, DJ Cahill, Cahill, Eric Yuan, execs, —, Yuan, Ashley Stewart Organizations: Microsoft, Viva Engage, Microsoft Viva

☆ Zoom CEO told employees culture is the company's No. 1 problem and gave his blessing to anyone who wants to leave
▼ + stars: | 2023-08-23 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

He told employees that company culture was Zoom's top issue. He asked employees to "care about our business" as Zoom looks for new ways to jumpstart growth. Zoom CEO Eric Yuan told employees during a recent all-hands meeting that culture is the company's No. 1 problem and wished all the best to anyone who wants to leave, according to a recording viewed by Insider. 1 problem we are facing is company culture," Yuan said, noting many big and successful companies have similar problems.

Persons: Eric Yuan, Yuan, Morgan Stanley's Meta Marshall

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