Betting on E-Commerce and Fintech, Interactive Brokers Announces Crypto Trading & ForgeRock CEO on Public Debut

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 16 September 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors start off the morning on a new report from FTC Chair Lina Khan alleging hundreds of deals by some of tech’s largest companies have gone unchecked. Then, Stifel Analyst Scott Devitt joins as the firm announces its top e-commerce picks. We also have Plexo Capital Managing Partner Lo Toney to give his take on the buy now, pay later trend that is boosting up fintech companies. Then, Interactive Brokers Chairman Thomas Peterffy joins as the company announces the launch of crypto trading. Plus, we have J.P. Morgan Analyst Samik Chatterjee on why he has an overweight rating on Apple despite what he sees as modest upgrades to the new products announced this week. Also, CNBC’s Jennifer Elias is here to discuss her report on Google Cloud’s reorganization of its engineering leadership under Google Cloud CEO Thomas Kurian. And later, ForgeRock CEO Fran Rosch joins live from the New York Stock Exchange on the identity software’s public debut today. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Julia Borsden, and you're listening to CNBC's Tech Tech.
0:03.5	Our show is live weekdays at 11 a.m. Eastern, listen in.
0:32.6	Happy Thursday. Welcome to Tech Check. I'm John Fort with Carl Keentania. This hour, when it comes to your portfolio, should you be buying now? Paying later.
0:38.8	Steehol's top picks in e-commerce and how to trade fintech's hottest space and then forecasting the cloud competition exclusive cnbc reporting on an executive shuffle at google later a new dawn or a giant
0:45.5	yawn what to make of apple's california stream and event carl john interesting market day i've got
0:52.9	some big moves for tech stocks this morning.
0:54.9	Names like Google, Microsoft, Alphabet, all down about a percent today on what is turning
1:00.3	into being an increasingly tough tape. The names you need to be adding to your portfolio today,
1:04.9	maybe in just a moment, but Dow is down 234. We're actually going to start this morning with the FTC
1:10.1	and the agency's continued
1:12.5	pressure on big tech. Chair Lena Khan alleging in a report that hundreds of deals by tech's
1:18.1	largest players over the last decade have gone unchecked. Specifically, Apple, Amazon, Google,
1:23.4	Facebook, and Microsoft have made 819 unreported acquisitions, all accused of using, quote,
1:31.1	loopholes to duck merger reviews and antitrust scrutiny.
1:34.3	One example was Facebook buying Giffy.
1:36.6	Right before that deal, Giffy paid a special dividend, which lowered the value of its assets
1:40.8	so the deal didn't need to be reviewed.
1:43.8	Khan is calling for more aggressive oversight, tougher enforcement of acquisitions, which we kind
1:49.3	of figured, John, she would bring.
1:51.4	Yeah, I think with this acquisition talk, there's not enough focus, but we've mentioned
1:57.5	it here on tech check.
1:59.5	On, yeah, it seems like if you keep big guys from
	...

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