Game On with Microsoft’s Head of Gaming, Unity Software CEO on the Gaming Ecosystem & Verishop Unveils its Livestream Shopping Feature

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 14 June 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors kick off this Monday morning with CNBC’s Phil LeBeau to discuss Lordstown Motors after the company’s CEO and CFO resigned. Then, Microsoft’s Head of Gaming Phil Spencer joins our anchors to speak about Microsoft’s new product announcements from E3 over the weekend, plus the company’s push to create a streaming device for gaming. We also have Wall Street Journal Columnist Laura Forman discuss her latest article on Facebook cutting investment returns for advertisers. Then, Arjuna Capital Managing Partner Natasha Lamb joins the conversation to speak about the latest in FAANG. Later, Unity Software CEO John Riccitiello is here to dive deeper into the gaming ecosystem and the latest from Microsoft and E3. Plus, Verishop Co-Founder and CEO Imran Khan joins us to share details on the company’s livestream shopping feature and discuss the broader e-commerce space.

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.
0:07.4	Happy Monday. Welcome to Tech Check. I'm John Fort with Deirdreboza. Carl's got the morning off.
0:11.5	Today, taken for a ride, investors questioned the viability of Lordstown after half the C-suite resigns.
0:18.5	Plus, reshaping the ecosystem, Microsoft's head of gaming
0:21.7	on the heels of E3.
0:23.2	And finally, Facebook advertisers feel the pinch
0:26.6	as Apple's new privacy protocols disrupt at targeting.
0:31.0	See?
0:33.1	John, we're also watching Bitcoin following comments
0:35.2	from Paul Tudor Jones and Elon Musk, some arm
0:38.3	wrestling between Nvidia and Qualcomm.
0:41.2	And later, we will sit down with Unity CEO and former EA Chief John Rickettello.
0:45.8	But we're going to start with the difference between lottery tickets and magic beans.
0:50.2	High growth stocks with viable technology versus fanciful stories riding momentum. Here's Paul Tudor Jones earlier.
0:57.0	Investors were more willing to put money in companies where they had no idea what they're going to invest in
1:07.0	than they were into IPOs of known businesses that had business plans and were up and viable.
1:13.6	So all of a sudden, there's a premium on the perceived scarcity of uncertainty.
1:21.6	It's turned economic orthodoxy upside down.
1:25.6	And that's why this meeting is so important, because things are absolutely
1:29.9	bad-esque crazy. And at some point, we have to say, okay, wait, slow down. We're going to get
1:38.3	back in the lanes, and we're going to drive like we used to. Well, something that was never
1:43.4	quite driving, because you need an existing car to drive. Lord used to. Well, something that was never quite driving
	...

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