Former AOL CEO Tim Armstrong: Tech stocks are on sale 5/10/22

Former AOL CEO Tim Armstrong: Tech stocks are on sale 5/10/22

  • Af
  • Episode
    • 748
  • Published
    • 10. maj 2022
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Episode
748 of 1916
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29M
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Engelsk
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Kategori
Økonomi & Business

The technology sector attempted a comeback today after suffering some of the biggest losses in recent weeks. Tim Armstrong, founder and CEO of tech startup Flowcode and former CEO and chairman of AOL, discusses the latest tech sell-off. Shares of Peloton Interactive plummeted 15% after reporting a wider-than-expected loss in the recent quarter. AMC Entertainment posted a narrower-than-expected loss during the first quarter. CNBC’s Robert Frank reports Andy Warhol’s 1964 portrait of Marilyn Monroe sold for $195 million at Christie's - the second-most expensive piece of art ever auctioned. Plus, turn off your toilet heaters! CNBC’s Brian Sullivan reports a few tips the Japanese government has for conserving energy as global demand continues to outstrip supply.

In this episode: Tim Armstrong, @tim_armstrong Robert Frank, @robtfrank Brian Sullivan, @SullyCNBC Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

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