Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal In January, about a hundred days into his job as PayPal CEO, Alex Chriss told CNBC’s David Faber that the payments company hadn’t had much to celebrate in recent years. But Chriss confidently said he was prepared to “shock the world.” “I love being an underdog,” Chriss … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 erased much of its earlier losses Wednesday as September continued to live up to its reputation as a volatile month. The in-line August consumer … Read more
Timothy Armoo, co-founder and former CEO of Fanbytes. Tim Armoo. Timothy Armoo, a co-founder and former CEO of influencer marketing firm Fanbytes, is not what you might expect from a multi-millionaire. He doesn’t own any mansions — or property at all — saying he prefers to spend some of his money on eclectic investments, ranging … Read more
The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. NYSE Roblox, the popular kid’s gaming platform that generates billions of dollars a year in the virtual world, is getting real. The company said on Friday that some game developers on the platform will be … Read more
Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Almost three years into a largely dormant IPO cycle, venture capitalists are in … Read more
Drew Angerer / Getty Images Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the third-biggest rally for the … Read more
Jaque Silva | Lightrocket | Getty Images Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results. Here’s how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 14 cents adjusted vs. 51 cents expected … Read more
The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto. Lance Mcmillan | Toronto Star | Getty Images Shares of Shopify popped as much as 22% in early trading on Wednesday after the Canadian e-commerce company topped expectations for the second quarter, citing strong demand despite “a mixed consumer spend … Read more
Target is turning to Shopify to add new and trendier brands to its website. Starting Monday, the Minneapolis-based discounter said companies that work with Shopify can apply to join Target Plus, its third-party marketplace. Some of Shopify’s customers are smaller or up-and-coming brands that use the e-commerce platform to build and operate a website. Target … Read more
The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Sean Gallup | Getty Images Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the … Read more
