Software
‘Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a […]
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Meta’s A.I. exodus: Top talent quits as the lab tries to keep pace with rivals
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Facebook parent Meta has lost some of its top artificial intelligence scientists this year as the company continues its pivot toward the metaverse. At least four prominent members of Meta […]
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How Atlassian’s dual-CEO structure has helped the Australian software company thrive
Atlassian’s founders and co-CEOs, Scott Farquhar, left, and Mike Cannon-Brookes. Atlassian In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In early March, collaboration software maker Atlassian published a blog post titled, “Atlassian stands with Ukraine,” laying out the company’s plans to support employees […]
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U.S. private equity giant pays $10.7 billion for SAP rival started in an English barn
Frank Calderoni, CEO of Anaplan. Adam Jeffery | CNBC U.S. private equity giant Thoma Bravo has bought British enterprise software firm Anaplan for $10.7 billion. The deal, announced Monday, will see Thoma Bravo pay $66 per share in an all-cash transaction. Anaplan was founded in 2006 in a barn in Yorkshire, England, by Guy Haddleton, […]
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