Akamai CEO Tom Leighton on Q3 Results, eToro U.S. CEO Lule Demmissie on Binance-FTX Deal & Gen CEO Vincent Pilette on Earnings 11/9/22

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

4.5 • 66 Ratings

🗓️ 9 November 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Production Board Founder and CEO David Friedberg covering newly announced layoffs from Meta and crypto exchange Binance’s plans to acquire rival platform FTX. Then, our Julia Boorstin takes a deep dive into Disney’s latest earnings miss, and Akamai CEO Dr. Tom Leighton joins with a look at the cybersecurity and cloud company’s performance in Q3. Next, we circle back to Disney and Meta with MoffettNathanson Co-Founder Michael Nathanson, and crypto exchange eToro’s U.S. CEO Lule Demmissie explains what the Binance-FTX deal means for the broader digital currency landscape. Later, Gen CEO Vincent Pilette joins to cover the cybersecurity company’s recent results and decision to change its name from NortonLifeLock.

Transcript

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0:00.0	I'm John Fort. You're listening to CNVC's TechChack. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:06.9	Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintania with your DeBosso and John Fort.
0:11.0	Lots to get to today. Meta cutting 11,000 jobs. Disney's dismal quarter, the crypto fallout after FDX and Binance.
0:18.2	And Elon Musk selling $4 billion worth of Tesla.
0:21.8	This hour, the CEOs of Crypto Exchange, E. Toro, Akamai, and Jen, formerly Norden Lifelock
0:27.7	talking earnings.
0:28.8	But our feed this morning begins with those new developments out of the FTX and Binance
0:32.5	deal.
0:33.3	And the headlines are flying even as we speak to.
0:35.7	They are flying and Bitcoin has dipped below that 17,000 mark.
0:39.4	We're covering a little bit ether down nearly 12%.
0:42.6	More headlines, certainly, with that FTX Binance news.
0:46.8	Let's get straight to our first guest, David Friedberg, VC, on this.
0:51.5	David, thanks for being with us.
0:52.7	I mean, wild 24 hours. It turns out that the white
0:57.2	night, the so-called J.P. Morgan, the Warren Buffett of crypto, has turned out to be just another
1:02.8	over-leveraged crypto bro. What does that mean for the industry? Walk us through how this all plays out.
1:10.1	Yeah, I mean, that's the current party line.
1:12.8	And I think folks are really anxious to dig in to what really got us to this point.
1:17.9	How much of this was a failure of diligence on the part of the investors?
1:21.4	How much of it was a bad actor making kind of malicious decisions and misrepresenting what he thought was going to happen,
1:28.6	and misrepresenting to his clients, how he behaved and how they operated.
	...

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