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Bloomberg Technology

Adobe Falls and Bitcoin Slides from Record High

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 15 March 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde breaks down Adobe's earnings results after the company's shares fall by the most since 2022 on fears of AI competition. Plus, Bitcoin's slide from its record high continues as talks of a bubble escalate.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live. Live.com-Sustainable-biz Singapore.

0:24.0

That's Bloomberg Live.com-Sustainable-Biz Singapore.

0:29.0

Bloomberg Audio Studios.

0:34.2

Podcasts, Radio News.

0:37.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond.

0:44.8

This is Bloomberg Technology with Caroline Hyde at Bloomberg's world headquarters in New York.

1:04.8

Ed Ludlow, he's off today.

1:06.4

This is Bloomberg Technology.

1:07.4

Coming up, full earnings coverage ahead is Adobe Falls by the most of its 2002.

1:12.4

That's on fears of AI competition. We'll break down the results.

1:15.2

Plus, Bitcoin's slide from its record high continues. That's as a bubble talk escalate.

1:20.8

We'll discuss whether the bull run can continue.

1:23.2

And we'll wrap the week that was for Tik-Toc after the House voted to ban the social

1:27.9

app or have it divested.

1:30.1

What can we expect from the Senate?

1:32.1

Adobe, the biggest mover on the NASDAQ 100 today.

1:35.0

We're off by almost 14%, as we said.

1:37.0

I mean, having its worst day in several decades,

1:40.0

let's talk about why, it's straight to the earnings with Brody Ford and

...

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