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Snap stock drops 19% on weak forecast
  + stars: | 2023-07-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Snap shares plunged at the start of trading, falling 19% as analysts and investors recoiled from a weaker-than-expected forecast for the current period. Overall sales declined 4% year-over-year, with a slightly-than-expected lower-end total sales forecast for the third quarter. The broader social media industry has become "harder" to forecast in, CEO Evan Spiegel said in an interview with CNBC's Julia Boorstin on Wednesday. Morgan Stanley maintained a $6.5 price target and an underweight rating on the social media stock. Bank of America analyst Justin Post reiterated a neutral rating and an $11 price target.
Persons: Evan Spiegel, CNBC's Julia Boorstin, Morgan Stanley, Brian Nowak, Nowak, Justin Post, CNBC's Michael Bloom Organizations: Viva Technology, Bank of America, Online Locations: Paris, North America
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaking our flagship channels direct-to-consumer is a when not an if, says ESPN Chairman Jimmy PitaroCNBC's Julia Boorstin joins 'Last Call' to talk comments from ESPN's Chairman Jimmy Pitaro at the inaugural CNBC Game Plan event.
Persons: Jimmy Pitaro CNBC's Julia Boorstin, Jimmy Pitaro Organizations: ESPN, CNBC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActors and writers versus Bob Iger: What it means for Disney investorsCNBC's Julia Boorstin joins 'Closing Bell' to report on the latest from the actors and writers strikes.
Persons: Bob Iger, CNBC's Julia Boorstin
CNN —As Europe swelters in a heat wave, and the climate crisis accelerates, many travelers are looking towards trains rather than polluting planes. According to a new report, taking a long-distance train in Europe can cost nearly 30 times as much as flying. The report, compiled by environmental campaign group Greenpeace, compared the cost of flight and train tickets on 112 European routes on nine different dates. Train tickets were double the cost of flying, on average, while train journeys from the UK to Europe, which involves taking the often-expensive Eurostar to the continent, were four times the price of flying on average. “Governments must remove airlines’ tax exemptions, such as from fuel taxes and VAT, as well as reduce rail tracks tolls.
Persons: Matteo Mirolo, Lorelei Limousin, ” Victor Thévenet Organizations: CNN, Greenpeace, Eurostar, Ryanair, European Environment Agency, Airlines, Transport, Environment, Transport & Environment, “ Airlines, International Air Transport Association Locations: Europe, Spain, London, Barcelona, Belgium, France, Italy, Edinburgh, EU, Greece
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAT&T says it has no plan to remove lead cables from Lake Tahoe, rebuking WSJ reportCNBC's Julia Boorstin and Mike Santoli join 'Closing Bell Overtime' to talk the latest from AT&T following a report from the Wall Street Journal concerning the company's lead cables in Lake Tahoe.
Persons: Julia Boorstin, Mike Santoli Organizations: Wall Locations: Tahoe, rebuking
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCasey Wasserman on future of live sports: It will sit at the top of the value chainCNBC’s Julia Boorstin and Wasserman CEO Casey Wasserman join 'Squawk Box' from Sun Valley, Idaho to discuss the state of linear TV, the value of live sports, the impact of Hollywood strike on media, and more.
Persons: Casey Wasserman, Julia Boorstin, Wasserman Organizations: Hollywood Locations: Sun Valley , Idaho
Watch CNBC's full interview with Wasserman CEO Casey Wasserman
  + stars: | 2023-07-14 | 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 Wasserman CEO Casey WassermanCNBC’s Julia Boorstin and Wasserman CEO Casey Wasserman join 'Squawk Box' from Sun Valley, Idaho to discuss the state of linear TV, the value of live sports, the impact of Hollywood strike on media, and more.
Persons: Casey Wasserman, Julia Boorstin, Wasserman Organizations: Wasserman, Hollywood Locations: Sun Valley , Idaho
Watch CNBC's full interview with SoFi CEO Anthony Noto
  + stars: | 2023-07-13 | 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 SoFi CEO Anthony NotoAnthony Noto, SoFi CEO, joins CNBC's Julia Boorstin and 'Closing Bell Overtime' to talk the latest inflation data, the Supreme Court's student loan ruling and more.
Persons: Anthony Noto Anthony Noto, Julia Boorstin Locations: SoFi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe union movement has never been more popular in the U.S., says Fmr. Labor Secretary Seth HarrisFmr. Acting Secretary of Labor Seth Harris joins CNBC's Julia Boorstin and 'Last Call' to talk the planned SAG-AFTRA strike hitting Hollywood at the same time as the ongoing WGA strike.
Persons: Seth Harris Fmr, Labor Seth Harris, CNBC's Julia Boorstin Organizations: Labor, Hollywood, WGA Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNFL Commissioner Roger Goodell on sports streaming, expansion and the future of ESPNCNBC's Julia Boorstin joins 'Power Lunch' with NFL Commissioner Roger Goodell to discuss the outlook for the streaming sports space.
Persons: Roger Goodell, Julia Boorstin Organizations: ESPN, NFL
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNFL Commissioner Roger Goodell: We've played a vital role in evolving streamingCNBC's Julia Boorstin joins 'Power Lunch' with NFL commissioner Roger Goodell to discuss the outlook for the sports streaming space.
Persons: Roger Goodell, We've, Julia Boorstin Organizations: NFL
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: The administration needs to provide relief for student borrowers that need itAnthony Noto, SoFi CEO, joins CNBC's Julia Boorstin and 'Closing Bell Overtime' to talk the latest inflation data, the Supreme Court's student loan ruling and more.
Persons: Anthony Noto, Julia Boorstin Locations: SoFi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflection A.I. 's Reid Hoffman: A.I. is the new industrial revolution, the 'cognitive revolution'CNBC's Julia Boorstin sits down with LinkedIn Co-Founder Reid Hoffman in Sun Valley, Idaho to talk his A.I. investments, the future of the A.I. space and more.
Persons: Reid Hoffman, Julia Boorstin Organizations: LinkedIn Locations: Sun Valley , Idaho
FTC says it will appeal to block Microsoft-Activision deal
  + stars: | 2023-07-12 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
On Wednesday, the agency filed to appeal a federal judge's decision to deny a request for a preliminary injunction that would have prevented the deal from closing. CNBC reported earlier on Wednesday that FTC could bring the judge's decision to the 9th Circuit appeals court. The FTC declined to comment on its legal response to the judge's decision. We're confident the U.S. will remain among the 39 countries where the merger can close," an Activision Blizzard spokesperson wrote in an email. WATCH: Activision CEO Bobby Kotick: Would be surprised if the FTC wastes taxpayer money on appeal
Persons: Jacqueline Scott Corley, Corley, Bobby Kotick, CNBC's Julia Boorstin, I'd, Kotick, Brad Smith, haven't, We're Organizations: Federal Trade Commission, Microsoft, Activision, U.S, Northern, Northern District of, FTC, CNBC, Wednesday Activision, Activision Blizzard, Markets Authority Locations: Northern District, Northern District of California, United Kingdom, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full panel on Bob Iger and Disney with Ben Smith and Matt BelloniBen Smith, Semafor co-founder and editor-in-chief, and Matt Belloni, Puck founding partner, join CNBC's Julia Boorstin and 'Last Call' to talk the latest news that Disney will be extending CEO Bob Iger's contract through 2026.
Persons: Bob Iger, Ben Smith, Matt Belloni Ben Smith, Semafor, Matt Belloni, Puck, CNBC's Julia Boorstin, Bob Iger's Organizations: Disney
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActivision CEO Bobby Kotick: Would be surprised if the FTC wastes taxpayer money on appealCNBC's Julia Boorstin joins 'Closing Bell' with Activision Blizzard CEO Bobby Kotick, to discuss the future of the Microsoft deal after a major ruling in the acquisitions favor this week.
Persons: Bobby Kotick, CNBC's Julia Boorstin Organizations: Activision, Microsoft
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFailing to find a successor for Iger can be seen as a failing for Disney's board: Puck's Matt BelloniBen Smith, Semafor co-founder and editor-in-chief, and Matt Belloni, Puck founding partner, join CNBC's Julia Boorstin and 'Last Call' to talk the latest news that Disney will be extending CEO Bob Iger's contract through 2026.
Persons: Matt Belloni Ben Smith, Semafor, Matt Belloni, Puck, CNBC's Julia Boorstin, Bob Iger's Organizations: Disney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are likely in the beginning of a deal cycle, says Flowcode CEO Tim ArmstrongTim Armstrong, Flowcode founder and CEO, joins CNBC's Julia Boorstin and 'Last Call' to talk the current merger and acquisition environment.
Persons: Tim Armstrong Tim Armstrong, Julia Boorstin
Watch CNBC's full interview with IAC CEO Joey Levin
  + stars: | 2023-07-11 | 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 EmailWatch CNBC's full interview with IAC CEO Joey LevinJoey Levin, IAC CEO, joins CNBC's Julia Boorstin and 'Fast Money' from Sun Valley Conference to talk the impact of A.I., the future of media and more.
Persons: Joey Levin Joey Levin, Julia Boorstin Organizations: IAC, Sun Valley
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSearch was made to find the best of the internet, A.I. steals the best of it: IAC CEO Joey LevinJoey Levin, IAC CEO, joins CNBC's Julia Boorstin and 'Fast Money' from Sun Valley Conference to talk the impact of A.I., the future of media and more.
Persons: Joey Levin Joey Levin, Julia Boorstin Organizations: IAC, Sun Valley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThreads becomes fastest growing app in history, hitting 100 million users in five daysMark Douglas, MNTN CEO, and CNBC's Julia Boorstin join 'The Exchange' to discuss opportunities for digital ads space on Meta's Threads, the app hitting one hundred million users in less than a week of launching, and Twitter traffic seeing a pullback.
Persons: Mark Douglas, CNBC's Julia Boorstin
Meta's Threads hits 100 million users
  + stars: | 2023-07-10 | 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 EmailMeta's Threads hits 100 million usersMNTN CEO Mark Douglas and CNBC's Julia Boorstin join 'The Exchange' to discuss opportunities for digital ads space on Meta's Threads, Threads hitting one hundred million users in less than a week of launching, and Twitter traffic seeing a pullback.
Persons: Mark Douglas, CNBC's Julia Boorstin
Meta's Threads app sees rapid growth with 10 million signups
  + stars: | 2023-07-06 | 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 EmailMeta's Threads app sees rapid growth with 10 million signupsCNBC's Julia Boorstin joins 'Squawk on the Street' to discuss Meta's latest app to compete with Twitter, the appetite for advertising on Threads, and the focus on Threads adoption over monetization.
Persons: Julia Boorstin Organizations: Twitter
Life at Sea's three-year cruise will get a bigger ship
  + stars: | 2023-07-05 | by ( Julia Buckley | ) edition.cnn.com   time to read: +12 min
Life at Sea Cruises is now owned and operated entirely by Miray Cruises, a company with a 30-year history of operating in the Aegean. Bigger ship, fewer guestsStaterooms on the new ship will have 20 square feet more per cabin, say Miray Cruises. Life at Sea CruisesMeanwhile, Miray says it is launching its first Life at Sea cruise in its new ship as planned in November. MV Lara will be larger than the Gemini, Kendra Holmes, CEO of Miray Cruises, told CNN. And this Miray team is accommodating to everyone – If there are concerns, they fix it, if there are ideas they put them into place.
Persons: Miray, , Mikael Petterson, Irina Strembitsky, Petterson, Staterooms, Lara, Kendra Holmes, Holmes, ” Holmes, Cruises, Heidi Klum, AIDA Cruises, Sharon Lane, , ’ ”, Meredith Shay, Shay, Ingrid Warwick, “ It’ll, “ That’s, Finnbarr Webster Organizations: CNN, Sea Cruises, Cruises, Miray Cruises, Gemini, Carnival, Sea, Petterson, Vie Locations: Europe, German, , Florida, Germany, Istanbul
Meta rolls out 'Threads' to compete with Twitter
  + stars: | 2023-07-05 | 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 EmailMeta rolls out 'Threads' to compete with TwitterCNBC's Julia Boorstin joins 'Last Call' with news on Meta's push to compete with Twitter.
Persons: Julia Boorstin Organizations: Twitter
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