Former AOL CEO Tim Armstrong: Tech stocks are on sale 5/10/22
Episode description
The technology sector attempted a comeback today after suffering some of the biggest losses in recent weeks. Tim Armstrong, founder and CEO of tech startup Flowcode and former CEO and chairman of AOL, discusses the latest tech sell-off. Shares of Peloton Interactive plummeted 15% after reporting a wider-than-expected loss in the recent quarter. AMC Entertainment posted a narrower-than-expected loss during the first quarter. CNBC’s Robert Frank reports Andy Warhol’s 1964 portrait of Marilyn Monroe sold for $195 million at Christie's - the second-most expensive piece of art ever auctioned. Plus, turn off your toilet heaters! CNBC’s Brian Sullivan reports a few tips the Japanese government has for conserving energy as global demand continues to outstrip supply.
In this episode:
Tim Armstrong, @tim_armstrong
Robert Frank, @robtfrank
Brian Sullivan, @SullyCNBC
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie
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