Instacart’s IPO, Cybercrimes at Clorox, & Musk’s ‘X’ on a Free Platform 9/19/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 19 September 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

After nearly a decade, Instacart investors are finally getting their exit. Reddit co-founder and 776 founder Alexis Ohanian was one of Instacart’s early investors, and he explains the headwinds and tailwinds facing the business on the day of its long-awaited IPO. In the wake of cyber breaches at Clorox, MGM, and Caesars, cybersecurity CEO Kevin Mandia explains the network of cybercriminals targeting corporations and the cyber defense strategies that will thwart attackers. Mandia led FireEye and is now CEO of Mandiant, a cyber threat intelligence subsidiary of Google. Plus, Elon Musk might start charging users to post on X, and UAW strikers continue their push against US automakers. Leslie Picker - 13:28 Alexis Ohanian - 19:33 Kevin Mandia - 31:04 In this episode: Alexis Ohanian, @alexisohanian Kevin Mandia, @Mandiant Leslie Picker, @LesliePicker Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:08.0	Instacarts long awaited IPO, early'Hanean on the many years to delivery.
0:15.8	The value prop of Instacart got way more compelling once I had my first kid.
0:20.8	And even now with a one month old at home the ability to be able to
0:23.8	scroll through and say hey it's Tuesday let's get tacos the head wins and the
0:27.2	tail wins ahead of the cart debut this is a low margin business but built on
0:31.9	software from the very start.
0:35.4	And cyber attacks from Las Vegas to your laundry room, security expert Kevin Mandia on the rise
0:41.0	of cybercrime.
0:42.0	This is a group that's been exceptionally active.
0:45.0	They've compromised over 100 organizations in the last year.
0:48.0	Plus, striking autoworkers to target more plants with walkouts,
0:52.0	and Elon Musk charging to use X how much is too much to tweet on the money piece it's almost just like any money would do it.
1:01.0	I know it's Tuesday September 19th, 2023. Squack Pod begins right now.
1:07.0	Stand Becky by in three, two, one, queue please.
1:12.0	Good morning.
1:14.0	Welcome to Squackbox here on C.
1:16.0	We are live from the NASDAQ market site in Times Square.
1:19.0	I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin,
1:22.0	and here we go folks.
1:23.8	Meanwhile let's get you updated on the autowaker strike UAW President Sean Fain
	...

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