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Top related persons:
It's - 2 AppLovin - 1 Piper Sandler - 1 it's - 1 Adam Foroughi - 1 John Roque - 1 Russell - 1 Tim Nollen - 1
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India AppLovin Alto Farmville Barcelona Spain Korean Yuanta Securities Korea
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Macquarie Equity Research - 3 Google - 2 Nasdaq - 1 Meta - 1 Macquarie Equity - 1 AppLovin - 1 Zynga - 1 Thomson Reuters - 1

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5 mentions found


☆ AppLovin has rocketed to a $100 billion valuation. Some industry insiders are skeptical its run can last.
  + stars: | 2024-12-17 | by ( Lara O'Reilly | ) www.businessinsider.com   time to read: +11 min
Wall Street has fallen in love with the mobile adtech and gaming company AppLovin. AppLovin's recent push into e-commerce sent its market valuation over the $100 billion milestone. Shares in the mobile ads and gaming company AppLovin have been running wild — and advertising industry insiders have a lot of questions. Jeromy Sonne, the founder of marketing AI technology company Simbiant, has been monitoring the early AppLovin e-commerce results. Advertisement"If Adam was in control, Snap could be a $100 billion business — a $200 billion, $300 billion company — and AppLovin would be stronger too," Merutka said, referring to AppLovin CEO Adam Foroughi.
Persons: AppLovin, It's, Piper Sandler, it's, Adam Foroughi, John Roque, Russell, Tim Nollen, Nollen, Cody Pfloker, Pfloker, Will Holtz, Holtz, Jeromy Sonne, he'd, hadn't, AI's Holtz, Thomson, Alex Merutka, Adam, Merutka, AppLovin execs, Foroughi Organizations: Nasdaq, Meta, Macquarie Equity, Google, AppLovin, Zynga, Thomson Reuters, Bloomberg, Nasdaq Investor Locations: AppLovin, Alto, Farmville
☆ Samsung posts disappointing third quarter profit guidance as it grapples with AI chips
  + stars: | 2024-10-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
(Photo by Joan Cros/NurPhoto via Getty Images)South Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter. Samsung is the leading manufacturer of memory chips, which are utilized in devices like laptops and servers. Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won ($7.7 billion) for the quarter ended Sept. 30. Samsung's revenue for the quarter was expected to hit 81.96 trillion won ($61 billion), according to LSEG estimates. DRAM refers to dynamic random access memory chips that are often used in laptops, workstations and PCs.
Persons: Joan Cros, Daniel Yoo, Yoo, LSEG Organizations: Samsung, Mobile, Getty Images, Samsung Electronics, Yuanta Securities, Macquarie Equity Research, Reuters Locations: Barcelona, Spain, Korean, Yuanta Securities Korea, South
☆ CNBC's Inside India newsletter: How will India spend its billions?
  + stars: | 2024-07-18 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +5 min
New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. There are high expectations for a "populist" budget since the recent general election results delivered a slimmer than expected win for Modi. The demands from the various members of the fragile alliance could mean the government opens the taps on welfare spending. Bank of America analysts, who are also open to the idea that the deficit may fall, believe it is "refreshing" to see a finance minister "under-promise, over-deliver."
Persons: Nirmala Sitharaman, Hardik Chhabra, Narendra Modi's, Premal Kamdar, Modi, Goldman Sachs, Santanu Sengupta, Sengupta, It's, Goldman, Staples, Adity Suresh, Aastha Gudwani Organizations: Finance, Finance Ministry, India Today, Getty, BJP, Modi, UBS Wealth Management, Bank of America, Reserve Bank of India, UBS, Kamdar, Columbia India Consumer ETF, Hindustan Unilever, Unilever, " Bank of America's, Central Public Sector Enterprises Locations: Delhi, India, New Delhi, Bihar, Hindustan, " Bank of America's India
☆ Snowflake shares drop 20% on CEO's retirement, weak guidance
  + stars: | 2024-02-29 | by ( Alex Koller | ) www.cnbc.com   time to read: +2 min
Snowflake said its first-quarter product revenue will total between $745 million and $750 million, compared to analysts' estimates of $759 million, per StreetAccount. The company said adjusted operation margin in the first quarter will be 3%, below the 7.2% analysts expected. mitigate C-suite uncertainty," the analysts wrote to investors in a Thursday memo. The company shut down its product and was acquired by Snowflake for $185 million last year. Before Slootman's tenure, Snowflake was helmed by former Microsoft executive Bob Muglia until his sudden ousting in April 2019.
Persons: Snowflake, Frank Slootman, Sridhar Ramaswamy, Slootman, Morgan Stanley, Ramaswamy, Bob Muglia, — CNBC's Michael Bloom, Jonathan Vanian Organizations: Google, Macquarie Equity Research, Microsoft, CNBC PRO Locations: Snowflake
☆ Disney will soon own all of Hulu. Here's how the company got here and what's next.
  + stars: | 2023-11-11 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +10 min
Disney has offered to pay Comcast $8.6 billion to take full control of Hulu. Disney is already in the process of rolling out a unified app that'll make Hulu's general entertainment content available in Disney+ . "With Hulu firmly in the Disney fold, they can create their own mini-bundle with kids and family (Disney +), general entertainment (Hulu), and sports (ESPN). The valuation also has to take into account that Hulu contains an entire Disney basic cable network, FX on Hulu. Netflix is set to spend $17 billion on entertainment content in 2024, while Disney is poised to spend $15 billion.
Persons: Bob Iger's, —, Bob Iger, Hulu —, what's, Comcast's NBCUniversal, pare, he's, Jonathan Miller, Brian Roberts, there's, Bernstein, Laurent Yoon, Read, Jordan Helman, Max, Puck, Disney, Bernstein's Yoon Organizations: Disney, Comcast, Hulu, Service, YouTube, News, Century Fox, Marvel, Netflix, Integrated Media, ESPN, ABC, LightShed Partners, Warner Bros, Wall, Paramount Global, Paramount, Showtime, HBO Max, Macquarie Equity Research, Media, Disney Disney, Hollywood Locations: Disney, Hulu, Canada, India, Hollywood
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