44 min listen
Netflix Subs Beat Forecasts and Hastings Steps Down As Co-CEO, Alphabet to Cut 12,000 Jobs. 1/20/23
Netflix Subs Beat Forecasts and Hastings Steps Down As Co-CEO, Alphabet to Cut 12,000 Jobs. 1/20/23
ratings:
Length:
43 minutes
Released:
Jan 20, 2023
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber led off the show with Netflix shares up sharply in reaction to larger-than-expected quarterly subscriber growth. The company also announced that founder Reed Hastings stepped down as Co-CEO and would stay on as executive chairman. COO Greg Peters succeeded Hastings as Co-CEO and is serving in that role alongside Ted Sarandos. What does it all mean for Netflix stock?
The anchors also reacted to Alphabet becoming the latest tech giant to announce layoffs. The parent of
Google said it plans to cut about 12,000 jobs or 6% of its workforce. Also in focus: Wayfair laying off about 10% of its workforce
amid slumping sales, The FDA rejects accelerated approval of Lilly's Alzheimer's drug, plus what to expect from
next week's earnings barrage -- including results from Microsoft, Tesla and Boeing.
The anchors also reacted to Alphabet becoming the latest tech giant to announce layoffs. The parent of
Google said it plans to cut about 12,000 jobs or 6% of its workforce. Also in focus: Wayfair laying off about 10% of its workforce
amid slumping sales, The FDA rejects accelerated approval of Lilly's Alzheimer's drug, plus what to expect from
next week's earnings barrage -- including results from Microsoft, Tesla and Boeing.
Released:
Jan 20, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/19/2019: The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. by Squawk on the Street