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SentinelOne CEO Tomer Weingarten on Cybersecurity, Finding Value in Crypto Exchanges & Instagram Unveils New Features 3/31/22

TechCheck

CNBC

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

4.566 Ratings

🗓️ 31 March 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Our anchors begin today’s show with CNBC’s Eamon Javers reporting on a small business advocacy organization financed by Google and Amazon, and GGV Capital Managing Partner Jeff Richards weighs in on the current market volatility. Next, SentinelOne CEO Tomer Weingarten discusses the findings of new research from the cybersecurity firm alleging vulnerabilities in the Microsoft Azure cloud computing platform. Then, Electric Capital Co-Founder and Managing Partner Avichal Garg shares his insight on investment opportunities in crypto exchanges, and our Julia Boorstin covers a series of features rolling out on Instagram. Later, CNBC’s Phil LeBeau looks at an EV company targeting ride-hail and last mile delivery drivers with a new lease model.

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.

0:05.8

Listen in.

0:27.7

Good Thursday morning. Welcome to Tech Check. I'm Carl Cantanilla with Deirdreboza and John Fort.

0:32.0

Today, stocks are staging a bit of a comeback this morning, although lower to end the quarter.

0:37.9

Got PayPal, Netflix, meta, some of the top laggards year to date. We're going to discuss a few areas of opportunity within tech. The SEC has a warning for investors, some new rules to target specs. Talk about

0:44.4

the impact on the IPO market. And then Baidu falling as it is added to a delisting watch list,

0:50.1

what that could mean for the rest of Chinese tech dee. Well, Carl, we begin with a key day for the small but growing unionization drive over at Amazon.

0:59.9

Two elections.

1:00.7

One at an Alabama warehouse, another at a Staten Island warehouse.

1:04.3

Those are wrapping up.

1:05.4

Workers at the Bessemer Alabama location voting for the second time on whether to join the RWSDU.

1:11.6

Now this is a do-over after the National Labor Relations Board found that Amazon improperly interfered in that union contest last spring.

1:18.6

That one was rejected.

1:19.6

The turn out this time though, it's lower, roughly 39% versus the 55% last spring.

1:25.6

Voting meanwhile at the Staten Island warehouse finished today.

1:28.6

Ballot counting expected to begin this afternoon. There is a third warehouse, guys, in Brooklyn,

1:33.7

that is expected to vote later this month. So really what began as one small movement in Bessmer

1:38.5

has now gained traction. And we have seen unionization efforts gain traction across the country,

1:43.5

including several Starbucks cafes.

1:45.0

But unlike those smaller stores where some only had a total of 10 workers that were voting, Amazon union organizers, they have to mobilize thousands of workers at each warehouse.

1:56.2

And, John, the main takeaway here, this is something we've been talking about for over a year now. These

2:01.5

labor pressures are growing. They haven't gone anywhere over at Amazon. And eventually that

...

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