Square Planning a New Platform, Pinboard Founder on the Chinese Tech Crackdown & Google Parts Ways with its Cloud VP

TechCheck

CNBC

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

4.5 • 66 Ratings

🗓️ 16 July 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors, joined by guest anchor Joanna Stern from the Wall Street Journal, kick off this Friday morning with news on Square getting further into the crypto game. Then, Mizuho Managing Director Dan Dolev is here to speak about his latest research note claiming that buying Square is like buying J.P. Morgan in 1871. Next, Bernstein’s Stacy Rasgon joins to break down the latest on chip stocks as Intel explores a deal to acquire Global Foundries. Later, Pinboard Founder Maciej Ceglowski is here to discuss Chinese tech stocks and the broader crackdown in China. We also have all the details on Apple’s employees pushing back against the return to office. And later, CNBC Tech Reporter Jennifer Elias is here to cover the story on Google parting ways with its Cloud VP after he published a bizarre manifesto on LinkedIn.

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.
0:07.5	Bring on this type of truck. Q music.
0:18.5	I saw it on TV. I saw it at the intro, but nothing strikes until you see it in person.
0:23.6	Good Friday morning and welcome to Tech Check.
0:43.9	I'm Georgia Bozo with Julia Borsten.
0:46.0	John and Carl have the morning off.
0:48.2	But Friday bonus, we've got Joanna Stern of the Wall Street Journal joining us for the hour as well.
0:55.3	Today we're going to be talking more chip consolidation as Intel is more aggressive in semiconductor manufacturing. Then is it time
1:02.3	to get bullish on Square? Our next guest says buying the stock today is like buying J.P. Morgan
1:07.8	in 1871. And later is an Apple turnover coming. Employees are upset about
1:12.6	Tim Cook's remote work crackdown, Julia. We're also watching shares of Google after a high-profile
1:20.7	cloud departure and Tesla, as Elon Musk admits the cyber truck may be a dud. Later, we'll tell you
1:26.9	what to expect from Netflix ahead of earnings and a further push into gaming.
1:31.1	All of those stocks lower this morning.
1:34.3	Deirdre?
1:35.5	And we are coming off a big week of bank earnings.
1:39.4	We start with fintech, though.
1:40.6	Pushing further into crypto services, Jack Dorsey tweeted that his payments
1:44.7	company, Square, plans to launch a new platform, making it easier to, quote, create non-custodial,
1:50.6	permissionless, and decentralized financial services, focusing primarily on Bitcoin.
1:56.8	Just the latest in Squares moves into the technology.
2:00.0	The company is also building a hardware
	...

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