Affirm CEO Max Levchin on Quarterly Results, Zillow CEO Rich Barton on Earnings Beat & NFL Players Investing in Crypto

TechCheck

CNBC

Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 11 February 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show breaking down the NFL’s ratings, broadcast rights and more with our Julia Boorstin, live from SoFi Stadium in California, home to this weekend’s Super Bowl. Then, Affirm Founder and CEO Max Levchin discusses the buy-now-pay-later platform’s latest results in a first-on interview, and NFL Chief Media and Business Officer Brian Rolapp breaks down the league’s media deals and the evolution of sports betting ahead of the big game. Next, Zillow Co-Founder and CEO Rich Barton joins for an exclusive conversation after the real estate firm’s Q4 earnings beat the Street, sending shares soaring. Later, CNBC’s Jane Wells takes a closer look at athletes cashing in on crypto and the metaverse, with interviews from Arizona Cardinals wide receiver DeAndre Hopkins, Green Bay Packers running back Aaron Jones and Hall of Fame quarterback Joe Montana.

Transcript

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0:00.0	I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. Good Friday morning. Welcome to Tech Check. I'm Carl Kintania with Deerbosa, John Ford, and Julia Borsden. Today, another volatile week for tech, the latest on big tech shifting landscape, a day after, another day in the red, and whether it's time now to get defanged. Plus, a firm in Zillow shares headed in opposite directions this morning.
0:24.2	Do not miss interview. day after another day in the red and whether it's time now to get defanged. Plus, a firm in Zillow shares headed in opposite directions this morning.
0:24.2	Do not miss interviews with the CEOs of both of those names later on this hour.
0:28.7	And finally, as you might have noticed, Tech Check is live from Los Angeles this morning.
0:33.4	I had a Super Bowl weekend bringing you the latest from SoFi Stadium.
0:36.8	We'll talk about everything from ads to gambling to meteorites. A big hour ahead, Dee.
0:43.4	Yeah, and Carl, it's great to have you on the West Coast, not far from here. But first, we will
0:47.7	begin our feed with the volatility in tech, which has overshadowed some huge shifts in the
0:52.0	mega caps. And in the wake of Fang's earnings, really this new landscape has emerged.
0:56.4	Take a look at the top NASDAQ, wadings, meta, formerly known as Facebook,
0:59.4	plunging in the wake of its earnings, of course, but also conceding market leadership to Tesla and NVIDIA.
1:04.8	Meanwhile, Netflix, the N in Fang now has a smaller market cap than Disney, Adobe, Intel, a few others,
1:10.5	no longer coming even
1:12.4	close to the top 10 or even 15 largest companies on the NASDAQ by waiting. John, meanwhile,
1:19.1	the biggest of the fangs, we need a new acronym, have only become bigger. Apple, the one behind
1:25.8	a lot of this changing landscape with the privacy changes,
1:29.0	Alphabet benefiting directly. I know we've been saying this for years already, John, that we need a new acronym,
1:34.3	but after the last few months, especially earnings season, I don't even know where to start.
1:38.9	Yeah, I think we need no acronym, Dee, and that's where I kind of step back on this whole thing.
1:45.7	Great setup. But, you know, when Jim kramer came up with fang nine years ago it wasn't about big market cap it was about
1:52.2	dominance in their particular area uh and growth potential that was facebook amazon netflix google
1:59.6	and at the time netflix's market cap, I believe, was under $25 billion.
	...

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