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☆ This startup will sell methane-eating microbes to Whole Foods
▼ + stars: | 2024-08-13 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

While some companies are trying to reduce methane emissions, others are trying to capture and remove it as it's produced. These naturally occurring microscopic organisms live in the soil and eat methane as food for survival. Much like yeast that eats sugar in bread and produces substances that make it rise, mems eat methane and produce fertilizer. This would mitigate methane emissions and enable the grocery company to make climate-friendly claims for their milk and other products. In addition to Cavallo Ventures, Windfall is backed by Prelude Ventures, Amazon Climate Pledge Fund, Breakthrough Energy Ventures and Mayfield.

Persons: Josh Silverman, I've, Silverman, We've, we've, Brett Morris, Lisa Rizzolo Organizations: Investors, Cavallo Ventures, Foods, Prelude Ventures, Breakthrough Energy Ventures, CNBC Locations: California, Mayfield

☆ Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
▼ + stars: | 2024-08-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. For the third quarter, which runs through September, Amazon said it expects revenue of $154 billion to $158.5 billion. The disappointing guidance, coupled with a revenue miss for the second quarter, sent Amazon shares sliding more than 7% in extended trading. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Andy Jassy, Brian Olsavsky, Olsavsky, Donald Trump, Amazon, didn't, Jassy, Wayfair, Josh Silverman, It's Organizations: Amazon.Com Inc, Paris Olympics, U.S, Republican National Convention, Amazon, CNBC, Paris, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: Seattle , Washington , U.S, Pennsylvania, U.S

☆ Etsy CEO Josh Silverman: It's a tough time for the consumer
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEtsy CEO Josh Silverman: It's a tough time for the consumerEtsy CEO Josh Silverman joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, rollout of the company's loyalty program, AI implementation, and more.

Persons: Josh Silverman, It's

☆ Etsy CEO says company is escaping 'race to the bottom' and getting back to its artisan roots
▼ + stars: | 2024-07-09 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Now Etsy CEO Josh Silverman wants the company, whose stated mission is to "keep commerce human," to get back to its roots. The company on Tuesday is launching a major overhaul of the policies that govern its site to make it "crystal clear" to shoppers what products belong on Etsy, Silverman said in an interview with CNBC. The changes include new labels on its website and app to show how each seller created a particular item. "We're positioning ourselves to answer the call for original goods and real people by dialing up the things that make Etsy, Etsy," Silverman said. In December, Etsy laid off 11% of its workforce, with Silverman citing the "very challenging macro and competitive environment" as reasons for the cuts.

Persons: Etsy, Josh Silverman, Silverman, It's Organizations: CNBC, Amazon, Nasdaq Locations: China

☆ Here are 3 ways Meta could pivot if 10% of its ad revenue were to disappear
▼ + stars: | 2024-06-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The "revenue driver" in question is last year's advertising blitz from large online Chinese retailers that made up about 10% of Meta's overall revenue. Evidence of slower or moderating ad spending from big retailers with ties to the world's second-largest economy could force Meta to lean into some of its other strengths. Analysts at the firm conducted a stress test — benchmarking a worst-case scenario for Meta's Chinese ad revenue in the second half of 2024. Mizuho analysts said Meta can leverage volume drivers such as increasing the ad load on Reels using artificial intelligence. Mizuho also believes special events like the U.S. presidential election and the Olympics should help support ad spending in the back half of the year.

Persons: Shein, Bernstein, Temu, Mizuho, monetization, Josh Silverman, we're, Jim Cramer's, Jim Cramer, Jim, Jonathan Raa Organizations: Wall Street, Holdings, Nasdaq, Meta, Mizuho, Amazon, U.S, Google, CNBC, Nurphoto, Getty Locations: Temu, China, Ireland, Shanghai, Singapore, U.S, London, Meta

☆ Etsy is trying to recreate pandemic-era sales. Here's where it's having trouble
▼ + stars: | 2024-05-19 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

E-commerce artisan marketplace Etsy is at a crossroads as it tries to balance declining gross merchandise sales, a tumbling stock price and high inflation with the needs of its 7 million sellers. Etsy CEO Josh Silverman attributed the tough quarter to consumers' continued reduction in discretionary spending. The Covid pandemic brought Etsy new customers and a massive sales boost; its stock price reached an all-time high of $296.91 on Nov. 24, 2021. The number of active users on Etsy's platform has increased almost 70% since 2019, but purchases haven't followed. As of the first quarter, the site had 91.6 million active buyers and 7 million active sellers.

Persons: Jason Helfstein, Etsy's, Josh Silverman, Chiarra Lohr Organizations: Oppenheimer, Co, GMS, Indie Sellers

☆ Jim Cramer's thoughts on 5 stocks: Carvana, Etsy, Cigna, Wayfair, Trade Desk
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Carvana : Shares of the buying and selling online platform were soaring 35% on Thursday after a record first quarter. CEO Ernie Garcia realized, unlike Wall Street analysts had, that he was OK after getting the Apollo money, Jim Cramer said. Etsy : Shares of the online marketplace for handmade goods were sinking roughly 17% after an earnings miss. "That's all you needed" to push this stock lower, Cramer said.

Persons: Jim Cramer's, Ernie Garcia, Jim Cramer, He's, Josh Silverman, Cramer, Jefferies Organizations: CNBC, Club, Wall Street

☆ Meta Platforms gets billions from China without headaches many U.S. companies face there
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

As many American companies struggle to navigate the world's second-largest economy, Meta Platforms has found itself raking in billions of dollars from China without the direct challenges of doing business there. The influx in spending from Chinese ecommerce advertisers has been a "significant positive" for Meta, said Rohit Kulkarni, analyst at Roth MKM covering internet companies. Many American companies doing business in China have battled similar challenges as the post-Covid recovery there has progressed slower than expected. Meta has said it has a "diverse advertiser base" of Chinese companies. The concern is that as more Chinese advertisers target American consumers through Meta's platforms, that could drive up the price of ads for everyone.

Persons: Temu, Rohit Kulkarni, Roth, Meta's, Piper Sandler, Tom Champion, Estee Lauder, Meta, Susan Li, Shein, Kate Scott, Dawkins, —, Roth's Kulkarni, Piper Sandler's, they're, Josh Silverman, we're, Piper, doesn't, Jim Cramer's, Jim Cramer, Jim, Facebook Mark Zuckerberg, Kenzo Tribouillard Organizations: Club, Super, U.S, Meta, Apple, Facebook, Tencent, Holdings, Nasdaq, CNBC, Wall Street, Google, European Commission, AFP, Getty Locations: China, Ireland, Shanghai, Singapore, U.S, Meta, Brussels

☆ Barbie is the blueprint as Mattel seeks to revitalize American Girl, Fisher-Price
▼ + stars: | 2024-03-07 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

This is especially important for the company's Fisher-Price and American Girl brands, which have been in the midst of their own transformations for several years. In just the last year, net global sales for American Girl were down 9%. When it comes to to the American Girl brand, Kreiz admits that the challenges "were not product driven," but rather an issue with its commercial strategy. American Girl doll by Mattel Source: Mattel"We think there's some real opportunities to continue to grow the brand and extend the story that exists within American Girl thoughtfully, and we want to do it authentically," said Silverman. Mattel executives remained tightlipped about what to expect from an upcoming American Girl movie, which currently does not have a release date.

Persons: Barbie, Ynon Kreiz, Fisher, Price, Kreiz, He's, Greta Gerwig, Josh Silverman, Margot Robbie, It's, company's Fisher, Capital, Mattel, Silverman, Lisa McKnight Organizations: Warner Bros, Mattel, Barington Capital, American Girl, CNBC, Sinfonietta, Sunday's, American, Fisher, Disney, Paramount Locations: American

Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy , which announced on Thursday that Elliott partner Marc Steinberg would join the company's board. The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC. The position would make it Etsy's largest investor. Still, the e-commerce company's stock is down about 10% year-to-date. It competes with e-commerce companies including Amazon, which has its own handcrafted products platform.

Persons: Elliott, Marc Steinberg, CNBC's David Faber, Josh, Steinberg, Etsy, Josh Silverman, Silverman Organizations: Nasdaq, Elliott Management, CNBC, Vanguard, BlackRock, Match Group, Philips, Amazon Locations: New York City, Salesforce, Brazil

☆ Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
▼ + stars: | 2024-01-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +9 min

Temu is owned by PDD Holdings , a Chinese company that moved its principal office to Ireland last year. Meta is expected to report revenue growth of 22% for the quarter to $39.2 billion, according to analysts surveyed by LSEG, formerly Refinitiv. JMP analysts estimated that Temu and Shein spent roughly $600 million and $200 million, respectively, on Facebook and Instagram ads in the third quarter. In December, Temu sued Shein, alleging questionable business practices and a "mafia-style intimidation of suppliers," according to legal documents. Meta isn't the only U.S. internet company effected by the speedy growth from Temu and Shein.

Persons: Mark Zuckerberg, Jack Ma, Shu Zhang, Victor Lee, Lee, who's, Shein, Meta, Pavlo Gonchar, Temu, didn't, Susan Li, data.AI, It's, Chris Mack, Harding Loevner, they've, Mack, Shein confidentially, Mike Gallagher, Gallagher, Brian Wieser, Josh Silverman, Silverman Organizations: Alibaba, China Development Forum, Reuters, Facebook, Hasbro, Unified Commerce, Amazon, PDD Holdings, U.S, Mobile, Meta, LSEG, Getty, CNBC, Cyberspace Administration, China, Street Journal, Google Locations: Beijing, China, Ireland, Singapore, UKRAINE, U.S, United States, Wall, Asia, Pacific, Temu, Meta

☆ Etsy CEO on 'Gift Mode': Leverages AI to help find the perfect gift
▼ + stars: | 2024-01-24 | 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 EmailEtsy CEO on 'Gift Mode': Leverages AI to help find the perfect giftEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.

Persons: Josh Silverman

☆ Watch CNBC's full interview with Etsy CEO Josh Silverman
▼ + stars: | 2024-01-24 | 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 interview with Etsy CEO Josh SilvermanEtsy CEO Josh Silverman joins 'Money Movers' to discuss the company's new AI integration, how this new product will manifest itself in Etsy's marketing, and how it's different than what competitors offer.

Persons: Josh Silverman

☆ Mattel, hot off 'Barbie' success, hires ex-Fox, Sony exec to run TV studio
▼ + stars: | 2023-11-16 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Mattel hopes a new hire will help it expand its content slate, following the blowout box office success of "Barbie." The toy maker, home to Hot Wheels and American Girl, announced Thursday that it has hired former Fox and Sony exec Michelle Mendelovitz as head of Mattel Television Studios. "I look forward to the impact Michelle and Mattel Television Studios will have on expanding the content slate to the delight of our fans around the globe." Mendelovitz previously held senior roles at Disney 20th Television Studios, Apple TV+, Sony Pictures Television and CBS Television Network. "Hot Wheels Let's Race" and "Masters of the Universe: Revolution" are a few of the new releases planned for the upcoming year.

Persons: Mattel, Barbie, Michelle Mendelovitz, Josh Silverman, Michelle, Mendelovitz, Thomas, It's, Ynon Kreiz, Barney, Max Organizations: Girl, Fox, Sony, Mattel Television Studios, Mattel, Disney 20th Television Studios, Apple, Sony Pictures Television, CBS Television Network, Thomas &, CNBC, Cartoon Network

☆ Stocks making the biggest moves after hours: SolarEdge, Qualcomm, Etsy, Clorox and more
▼ + stars: | 2023-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SolarEdge — The solar stock cratered 23% after SolarEdge posted a dismal third-quarter report and outlook for the current quarter's revenue. SolarEdge lost 55 cents per share, excluding items, while analysts polled by LSEG, formerly known as Refinitiv, forecast a gain of 89 cents per share. The company guided revenue for the current quarter to between $300 million and $350 million, well under the $688 million anticipated by analysts. Qualcomm surpassed analysts' estimates in its fiscal fourth quarter, reporting adjusted earnings of $2.02 per share on revenue of $8.67 billion. Etsy beat analysts' estimates for earnings in the third quarter but fell short of Wall Street's expectations on revenue.

Persons: SolarEdge, LSEG, Josh Silverman, Etsy, Roku, Roku's, DoorDash, Clorox, Sarepta, FactSet, Darla Mercado, Sarah Min, Jesse Pound, Scott Schnipper Organizations: LSEG, Revenue, Qualcomm —, Qualcomm, Electronic Arts, Arts, Wall Street, Tandem Diabetes Care, Ritz, Therapeutics Locations: FactSet

☆ Etsy shares slip on light revenue and forecast decline in gross merchandise sales
▼ + stars: | 2023-11-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn. Shares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts' estimates for revenue, and forecast a decline in gross merchandise sales, or GMS. Etsy reported a net income of $87.9 million, or 64 cents per share, while it reported a net loss of $963.1 million during the same period last year. Etsy said it expects GMS to decline slightly on a year-over-year basis for its fourth quarter. The segment also served as a major sales catalyst during the company's second quarter, as it grew roughly 21% year over year.

Persons: Etsy, Josh Silverman Organizations: LSEG, LSEG Revenue, GMS, Services, Nasdaq, CNBC PRO Locations: Brooklyn, Etsy's, Etsy

☆ 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 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

☆ 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 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 made 2 massive acquisitions at peak tech valuations. Two years and a $1 billion write-off later, it has buyer's remorse as it sells Elo7.
▼ + stars: | 2023-07-19 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

Etsy bought Elo7 and Depop at a time when tech valuations were sky-high. Etsy disclosed that it had sold Elo7, the Brazilian online marketplace it acquired in July 2021 for $217 million, to fellow Brazilian online marketplace Enjoei for an undisclosed amount. What's next for Etsy's portfolio of brandsFollowing the sale of Elo7, Etsy's portfolio will include its main marketplace, Depop, and Reverb, an online marketplace for musical instruments. But like Elo7, Depop has had some challenges with growth once the pandemic-related e-commerce boom ended, and it is also not profitable. "They're running Depop very similarly to how they run the Etsy marketplace platform," Khajuria said.

Persons: Etsy, Josh Silverman, Elo7, they've, Bernstein, Nikhil Devnani, Shopify, Devnani, What's, Depop, Kruti Patel Goyal, Khajuria Organizations: Evercore ISI, SEC, Elo7, Analysts Locations: Brazil, Latin America, Europe

☆ Artificial intelligence is a $38 billion revenue opportunity for retailers. Here's how to play the trend
▼ + stars: | 2023-04-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +15 min

Morgan Stanley estimates that in 2022, only 23% of the $4.3 trillion of U.S adjusted retail spending was online. Add in AI, which can drive better shopper experiences or better conversion, it could bump to 9% or possibly 10% CAGR, he said. Eventually, AI can help retailers pitch tailored products to each potential customer based on their prior history. You might see it in the member services experience in having a better opportunity to get customer support," he said. As retailers move ahead in their plans to integrate AI into their business, some will build the capabilities.

☆ Meet the 'methane man' with a mission: Using microbes to eat up the greenhouse gas
▼ + stars: | 2023-03-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

Most recently, he's zeroed in on the idea of using methane-eating microbes to combat climate change. The startup was founded in 2022 and sells methane-eating microbes, or methanotrophs, to its pilot customers, farmers. "If you only look at the long term, and you don't spend anything on short term, you end up tripping over your feet," Silverman told CNBC. Zoom In Icon Arrows pointing outwards Windfall’s propriety methane-eating microbes seen here under a microscope. First, they will move to other types of livestock farms, like cows, pigs and chickens, Silverman told CNBC.

☆ Barney the purple dinosaur is back and he has a new look
▼ + stars: | 2023-02-13 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN —Barney is back, and while Mattel has not yet officially confirmed it, we’re guessing he still loves you. Toy giant Mattel (MAT) announced Monday that Barney, the friendly (and, let’s be honest, cringe-worthy to a large group of Millennials who watched him as pre-schoolers, and to their parents) purple dinosaur is making a triumphant return to TVs and toy shelves next year. The “Barney & Friends” show, featuring the titular violet-hued T-Rex, aired on PBS in the United States from 1992 until 2010. So no beleaguered actor dressed up in a dinosaur costume marching around and singing to young kids. “With our modern take on Barney, we hope to inspire the next generation to listen, care, and dream big,” Soulie added.

☆ Barney is back: Mattel gives its nostalgic purple dinosaur an animated makeover
▼ + stars: | 2023-02-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Mattel is relaunching its Barney franchise bringing the famous purple dinosaur back to television, film and YouTube content as well as a full range of products including toys, books and clothing. Millennials' favorite purple dinosaur is returning to TV and toy shelves. Mattel is relaunching its Barney franchise through a series of television, film and YouTube videos alongside a line of toys, books, clothing and accessories. "We will tap into the nostalgia of the generations who grew up with Barney, now parents themselves, and introduce the iconic purple dinosaur to a new generation of kids and families around the world." Barney has been off the air since 2010, after a nearly two-decade-long run on "Barney & Friends," a popular live-action children's television show.

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