Elon Musk No Longer Joining Twitter’s Board, Appian CEO Matt Calkins on Low-Code Software & Actor Mark Wahlberg on the Media Landscape 4/11/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 11 April 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors begin today’s show with Verge Editor-in-Chief Nilay Patel looking at Elon Musk no longer joining Twitter’s board of directors, and Wedbush analyst Matt Bryson weighs in on the underperformance of select chip stocks. Then, CNBC’s Frank Holland reports on cloud names declining amid pressure from geopolitical tensions and rate hike fears, and low-code software maker Appian Founder and CEO Matt Calkins offers his perspective on investor interest in the space. Later, actor, producer and entrepreneur Mark Wahlberg joins to discuss the media landscape for streaming platforms and traditional movie studios before the release of his latest movie, “Father Stu,” on Wednesday. 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 Check.
0:03.6	Our show is live weekdays at 11 a.m. Eastern, listen in.
0:07.9	Happy Monday. Welcome to Tech Check. I'm John Ford with Carl Kington. E.m. Deirdre is off.
0:12.7	Today, Elon declines Twitter's board invitation, so it is a hostile takeover ahead.
0:17.3	Then, SailPoint shares surge as Tomo Bravo takes another cybersecurity company private.
0:23.3	Later, Mark Wahlberg on crypto media distribution and Warner Brothers Discovery.
0:28.8	But Carl, a lot to get to today.
0:31.9	Yeah, Twitter's where we're going to begin, guys, as Elon remains the company's largest shareholder,
0:36.5	but won't take that board seat after all.
0:38.3	That means that Musk is no longer restricted to that 14.9% stake in the company.
0:42.3	So is a takeover in Twitter's future.
0:45.3	Joining us to discuss the Verge, editor-in-chief, Neely Patel.
0:48.3	Neely, it's great to have you to help us kick off the hour.
0:51.3	Agruald does say to tune out the noise and says there could be distractions
0:55.4	ahead. What do you think that means? I think you're looking at Elon declining a board seat and
1:00.7	spending the weekend tweeting that Twitter is dying, that they should empty out the headquarters
1:07.1	in San Francisco and turn it into a homeless shelter, that Twitter Blue is a bad product,
1:11.8	basically trashing the company that he's now the largest shareholder in. I do think that he's
1:16.3	going to probably try to increase his stake. And I think that employees at Twitter are increasingly
1:21.0	nervous that the stock price swings, that this drama is going to steer them off track when,
1:28.4	I'll just point this out.
1:32.8	There's an election coming up, and that's when scrutiny of Twitter is always at its highest.
	...

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