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CNBC’s Disruptor 50 List Debuts Today, Amazon and MGM Deal in the Works & Discord CEO Jason Citron

TechCheck

CNBC

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

4.566 Ratings

🗓️ 25 May 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

CNBC’s Julia Boorstin kicks off today’s show by discussing CNBC’s Disruptor 50 list out today. Then, CNBC’s Kate Rooney has the details on VC valuations hitting a record high in the first quarter. We also hear from 8VC Founding Partner and Palantir Co-Founder Joe Lonsdale on cryptocurrencies and the broader tech sector. Then, Mizuho Managing Director Gregg Moskowitz talks about his most recent note initiating Adobe with a buy rating. Recode Senior Editor Peter Kafka joins us to discuss the $9 billion Amazon and MGM deal currently in the works. CNBC’s Julia Boorstin re-joins the anchors later to interview Discord CEO Jason Citron with Discord coming in at number 3 on this year’s Disruptor 50 list. Then, our anchors cover the latest on Intel with Pat Gelsinger reaching 100 days as CEO. And has dogecoin inspired you to get a Shiba Inu dog? Don’t miss coverage of the cryptocurrency’s impact on this breed.

Transcript

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0:00.0

I'm Dear Joe Boza and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in. Happy Tuesday. Welcome to Tech Check. I'm John Fort with talking to Nia, Deer Jrabosa, and Julia Borsden. Today, the world is not enough. Jeff Bezos and Amazon get closer to a deal for James Bond and MGM. And then we're 100 days into Pat Galsinger's tenure as Intel CEO.

0:22.6

What's changing and what challenges loom this hour.

0:25.6

And finally, a new Disruptor 50.

0:27.6

We will break down the list and have an exclusive with number three Discord next.

0:32.6

Carl.

0:35.6

Higher about 90 minutes into trade, Dow's trying for four straight days of gains.

0:40.3

NAS and S&P would make it three out of four. Only the NASDAQ is lower for the month.

0:45.3

And Moderna is the top gainer on the NDX with the chips also leading the charge today, Dee.

0:50.3

Carl, we start with disruption. This has been the year.

0:56.3

The massive growth of stock trading apps, Reddit message boards, crypto and fintech.

1:01.3

It is the major story of CNBC's ninth annual Disruptor 50 list of fast-growing startups that we reveal just this morning.

1:09.6

Julia has a look at the industry at the

1:11.7

intersection of financial services and tech. And Julia, a major presence on the list this year.

1:18.6

That's absolutely right. D. FinTech has more companies on the list than any other category.

1:24.4

This year, there are 11 fintech companies on the Disruptor 50, including Robin Hood,

1:28.4

which is in the number one spot. It reported 13 million users a year ago. It hasn't officially

1:34.1

updated that number since then, but reportedly Robin Hood now has more than 20 million users.

1:40.1

Now, Robin Hood is joined by other fintech's Chime, New Banks in Latin America.

1:44.8

Tala offers microloans in India and elsewhere around the world.

1:48.9

Ripple is for global payments.

1:51.0

And then in the B2B space, Stripe offers payment processing for online businesses.

1:57.0

Checkout.com and Marquetta help companies accept payments.

...

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