Akamai CEO Tom Leighton on Earnings, Airbnb Delivers in Q4 & Goldman Sachs Scraps DTC Credit Card Plan 2/15/23

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 15 February 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Satori Fund Founder Dan Niles discussing whether to trust tech stocks rallying in 2023, and Akamai CEO Tom Leighton joins on the cybersecurity and cloud company’s latest earnings. Then, our Julia Boorstin previews streaming platform Roku’s results after the bell, and Canvas Ventures General Partner Mike Ghaffary weighs in on Airbnb’s valuation and performance in Q4. Later, CNBC’s Hugh Son reports on Goldman Sachs scrapping plans for a direct-to-consumer credit card.

Transcript

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0:00.0	I'm Deerejibosa and you're listening to see MBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:07.8	Good Wednesday morning and welcome to Tech Check. I'm Carl Kingtonia with John Ford and
0:11.4	Deerejubosa.
0:12.6	Today we're going to separate trash from treasure.
0:14.6	Tech, as you know, has been soaring this year,
0:17.1	but is the rally in some of the most beaten down names real
0:19.9	or just a reversion of the mean?
0:21.6	We'll talk about that with the Satori Funds Dan Niles in a few moments.
0:24.6	His fund made money last year in a very tough market.
0:28.2	Then two earnings movers going in opposite directions.
0:30.4	AirB&B with this massive beat, profits and shares surging.
0:34.6	Is the company a tech pioneer or just a well-run travel business?
0:37.8	We'll discuss.
0:38.8	And then shares of Achaime down after missing guidance for the coming quarter,
0:42.4	CEO will join us in a few minutes first on CNBC.
0:47.0	Yeah, now let's take a little closer look at this year's rally.
0:51.5	The NASDAQ is already up 14%. What kinds of stocks are
0:55.8	driving that? Well, some of it is unprofitable tech, the top holdings in Goldman Sachs
1:00.2	non-profitable tech basket. They have a basket full of non-profitable tech
1:04.2	that's surging this year from Kathy Wood
1:06.5	Darling Exact Sciences to Octa and So-Fai.
1:10.4	Or maybe you're interested in squeezing hedge funds short.
	...

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