Former Zillow CEO Spencer Rascoff on Elon Musk’s Twitter Bid, “Shark Tank” Investor Robert Herjavec on Cybersecurity & AOL Co-Founder Steve Case on Big Tech Outlook 4/19/22

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 19 April 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show previewing Netflix’s earnings after the bell with Citi analyst Jason Bazinet, and CNBC’s Leslie Picker reports on the potential for a private equity firm to finance a buyout of Twitter as Elon Musk remains in the bidding for the social media giant. Then, real estate company Zillow Co-Founder and Former CEO Spencer Rascoff weighs in on the Musk-Twitter saga, and “Shark Tank” investor Robert Herjavec shares his insight on investment opportunities in cybersecurity. Next, CNBC’s Dom Chu covers Nasdaq names avoiding the year’s volatility, and AOL Co-Founder Steve Case offers his outlook for big tech. Later, CNBC’s Kate Rooney breaks down the bull and bear cases for Robinhood as the trading platform agrees to buy British crypto firm Ziglu.

Transcript

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0:00.0	I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:08.6	Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintania here at the New York Stock Exchange.
0:12.8	Dear Dr. Bosa is in Miami for Emerge. Julie is in Hollywood ahead of Netflix earnings tonight.
0:18.6	And that's where we're going to start this hour. Of course, Netflix down 40% since January.
0:22.9	Could today's results lead to a turnaround?
0:25.3	Then is a buyout of Twitter imminent?
0:27.0	Apollo enters the bidding here in some ways.
0:29.7	Later, is Robin Hood overvalued or undervalued both sides
0:32.7	of that debate after a crypto expansion abroad this morning,
0:36.0	Deep? Our feed begins, though, with Netflix. Just hours from reporting results. after a crypto expansion abroad this morning, Dee.
0:41.5	Our feed begins, though, with Netflix just hours from reporting results for what some are calling here a make-or-break quarter for the stock.
0:46.5	Julia Borson with us on why and what to expect, Julia,
0:50.2	is still all about those sub-numbers.
0:53.9	Absolutely, Dee. Analysts-numbers. Absolutely, D.
0:55.2	Analysts say this afternoon subscriber outlook is Netflix's moment of truth.
1:00.0	After last quarter's weak guidance for the addition of just two and a half million subscribers in this quarter sent that stock plummeting.
1:07.4	With Netflix shares down about 43% this year and 38% over the last 12 months,
1:13.9	the stock is sure to move on the company's guidance for the next quarter and whatever insight
1:19.3	they give us into the rest of the year. Analysts are expecting the company to forecast the
1:23.3	addition of about 2.6 million subs in the second quarter. Netflix's subscribers will reveal
1:30.3	the impact of competition, the impact of suspending the service in Russia of inflation and
1:35.6	economic uncertainty, plus price hikes and Netflix's crackdown on password sharing. Rosenblatt
	...

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