Meta Loses a Major Asset and the Big About Face From Jamie Dimon 06/01/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 1 June 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Facebook parent company Meta dropped after COO Sheryl Sandberg said she’s stepping down from her post after 14 years. What that means for the company and who could take her place? Plus, what a difference a week makes. Jamie Dimon went from seeing dissipating storm clouds to a full-fledged hurricane for the markets. What that means for the economy and your money. 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	Right now on fast, a mega move at Meta,
0:03.0	CEO, Cheryl Sandberg stepping down after 14 years on the job,
0:07.0	saying it is time to write the next chapter of her life.
0:10.0	Her next move and the impact on the stock straight ahead,
0:12.0	plus from storm clouds in my blowover to a full-fledged hurricane
0:16.0	on the horizon, how in just over a week did Jamie Diamond
0:20.0	go from saying the economy remains strong to now believing
0:23.0	we need to brace ourselves for a big storm.
0:26.0	And later, Amazon's self-turn around the e-commerce giant's
0:28.0	massive move over just the last week.
0:30.0	What is behind this nearly 20% rebound?
0:34.0	Can I keep going?
0:35.0	I'm Melissa Lee.
0:36.0	This is Fast Money Life.
0:37.0	And it has like a market site in the heart of Times Square
0:39.0	on the desk tonight.
0:40.0	Karen Fireman, follow an ice-send, Tim Seymour,
0:43.0	and Steve Grasso.
0:44.0	But first, breaking news at Meta, Cheryl Sandberg.
0:46.0	The CEO is stepping down.
0:48.0	She's been the number to her Facebook since early 2008,
0:51.0	shares dropping as much as 4.5% on the news bouncing back now
	...

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