Snap enters the public market a day after the three major U.S. stock indexes posted their best session of the year. About $5 billion changed hands in Snap stock – that’s roughly on par with what Twitter saw on its first day. It gained only 0.61 percent in its debut closing at $38.23. -Deal Size: Almost $16 billion Twitter went public on Nov. 7, 2013, priced at $26 per share. -Deal Size $21.77 billion (not including overallotment or green shoe) LinkedIn went public on May 19, 2011, and priced at

Exxon Mobil Chairman and CEO Darren Woods, who succeeded Secretary of State Rex Tillerson at the top of the oil giant in January, shared his thoughts on the future of the company and the energy markets in a CNBC “Squawk Box” interview that aired Thursday. “Our view on oil prices is there’s still a lot of uncertainty in the marketplace, so while we have seen the prices go up in the short term, we’re not building our investment campaign based on the assumption that those prices are going to be the

With the launch of Nintendo Switch this Friday, the storied Japanese game maker not only hopes to climb back into the fight for the attention of gamers, but to regain favor with external, third-party publishers. The Switch marks more than just a new console generation for the company. The Wii U, launched in 2012, sold just 13.56 million units worldwide in its time on the market — far short of the company’s initial expectations of more than 100 million units. But if the Switch posts numbers close

Box reported quarterly results on Wednesday that beat analyst expectations, and revenue that was above estimates. But the company’s guidance for the first quarter was lighter than Wall Street’s forecasts. EPS: loss of 10 cents per share vs. loss of 14 cents per share, adjusted, expected by Thomson Reuters consensus estimateRevenue: $109.9 million vs. $108.9 million expected by Thomson ReutersThat’s compared to the comparable year-ago loss of 26 cents per share. “We don’t need to raise any more c

Workday’s CEO is hoping that Oracle’s acquisition of NetSuite could have customers knocking on his door. “NetSuite was a really good company,” Aneel Bhusri, co-founder and CEO of Workday, said on Wednesday. “All the people that chose NetSuite specifically chose not to be working with Oracle. Bhusri said executives he’s spoken to are set on the cloud, but some are unhappy with forced upgrades from SAP and Oracle. But just like Oracle CEO Mark Hurd, Bhusri said it’s the combination of all Workday’

If you’re going through a divorce later in life you’re not alone — it’s actually a growing trend, leading researchers to coin the phase “Gray Divorce.” The divorce rate among adults over age 50 doubled between 1990 and 2014, according to the National Center for Family & Marriage Research. Older couples going through the process may be in for a rude awakening when it comes to their nest eggs. “The biggest difference is time,” said Crystal Alford-Cooper, a certified financial planner and owner of

Venture capitalist Gene Munster spoke with CNBC about the upcoming Snap IPO, and whether it could be a viable investment. “I think the next year is going to be challenging because probably this is going to feel more like Twitter than Facebook,” said Munster, in reference to the volatility around Twitter shares since the microblogging company went public in 2013. Munster says the hype around the stock, however, has pushed valuations to levels that may not be sustainable. Snap is valued at 30 time

Neverland Ranch, which failed to find a buyer after the King of Pop’s death, is being reintroduced to the market, with a giant price cut and a new name. The property, which has been saddled with the more homogenized moniker “Sycamore Valley Ranch,” carries a $67 million price tag. That’s a $33 million drop from the original asking price two years ago. So, what does one do with an estate that’s nearly 4.25 miles large if he or she is not a reclusive pop star? Jackson bought Neverland Ranch in 198

Salesforce reported quarterly earnings that beat expectations on Tuesday, and revenue that exceeded estimates. Shares fluctuated after hours, rising as much as 3 percent before falling slightly. Salesforce said on Tuesday it expects to achieve that goal in the next year with sales of $10.15 billion to $10.20 billion, “faster than any enterprise software company in history.” But it has also plowed money into a slew of acquisitions over the past few years, including Demandware and Quip. “With our

Sanford C. Bernstein technology analyst Toni Sacconaghi shared his views on Apple in an interview Tuesday on CNBC’s “Halftime Report.” On how to trade Apple: “Our analysis suggests that the stock is highly anticipatory of new product announcements,” Sacconaghi said. “We found that the stock appreciates [and] outperforms the market by an average of 1,600 basis points in the six months prior to an iPhone product launch.” On why Warren Buffett owns the iPhone maker: “He loves great consumer franchi

Target CEO Brian Cornell spoke with CNBC about his plans to stem the retailer’s slump in sales, and how potential tax changes under the Trump administration and Republican-led Congress could impact his company. “I think this is across the entire industry — not just Target — but as this plan is structured we can see consumer prices go up 20 or 25 percent,” Cornell said in reference to the border adjustment tax in House Speaker Paul Ryan’s reform proposal. “That’s not good for anyone in America, a

Xbox Game Pass, which launches this spring, will charge subscribers $9.99 per month for access to a catalog of Xbox One and Xbox 360 titles from Microsoft, Take-Two Interactive Software, Warner Bros. Interactive Entertainment and more. The stock was down 5 percent Tuesday as news of Xbox Game Pass spread. This isn’t the first time game makers have tried to rally against used game sales. With Xbox Game Pass, though, game makers are working with one of their chief allies. “Xbox Game Pass is your t

Nintendo Switch, which hits stores Friday, will have you slack-jawed with wonder one minute and fuming with anger the next. So, rather than a formal review, we’ve compiled a list of pros and cons users can expect if they’re able to get their hands on a Switch. The main selling point of Switch is its ability to transform from a home console to a portable gaming system in a snap. While it’s arguably better as an attached console device than a portable gaming system, Switch is still comfortable to

Enterprise cloud company ServiceNow named John Donahoe president and CEO on Monday, in an effort to snag the former eBay CEO before competitors. While the “treadmill” of quarterly earnings takes its toll, the choice to step aside wasn’t personal, Slootman said. “This is not about me, this is about us really being very proactive, very strategic, very forward-looking about CEO succession,” Slootman said. “As many people know, it’s very, very tricky to have a successful CEO transition, and you’re g

Microsoft’s ambitious acquisition of LinkedIn is about revenue growth, not cost savings, chief financial officer Amy Hood said on Monday. “I’m focused on growing the top-line revenue and accelerating that business and its potential with ours,” Hood said at the Morgan Stanley Technology, Media and Telecom Conference. I’m deeply, deeply focused on driving revenue growth.” “You want to keep the core growing and they’re doing a great job of that, things are good,” Hood said. Still, Hood said, the tw

Though Bill Gates is optimistic about America’s future, he’s concerned right now about its relationship with other countries. Gates participated in an an “ask me anything” feature on Reddit that allows notable people to answer questions from users. “I felt sure that allowing anyone to publish information and making it easy to find would enhance democracy and the overall quality of political debate,” Gates responded. The Microsoft founder has been optimistic about America under President Donald T

Jeremy Siegel, professor of finance at the Wharton School, says the Dow could be headed toward 22,000 given the pro-growth economic policies expected under the Trump administration. “I think 22,000 is what’s justified if we get the Republican part of the Trump agenda and that is lower corporate taxes and lower regulation,” Siegel said. “My feeling is that should give you 20 percent altogether — we’ve had 10 percent since he’s been elected,” he added. The new target by Siegel, who had been callin

Virtual reality wasn’t quite the hot holiday gift in 2016 that some people were expecting, but Sony officials said Sunday that sales of the company’s PlayStation VR have actually outpaced projections. Sony had a notable advantage in the VR game, though. PlayStation VR was not only $100-$300 less than its competitors, it didn’t require buyers to purchase new hardware to run it. And with more than 53.4 million PlayStation 4 units already in people’s homes, that made the VR headset more enticing. A

Global digital video game sales got off to a strong start in 2017, boosted by growth in downloads to consoles and PCs after the holiday season, according to a new report. Revenue from games downloaded directly to consoles, PCs and mobile devices surged 9.8 percent in January from the same period last year to $7.47 billion, analysis firm SuperData Research reports. It does not include sales of physical software. Sales to PCs rose 34 percent, while revenue from games downloaded to consoles like Mi

Shares of Hewlett Packard Enterprise tanked about 9 percent on Friday morning after the company reported lower-than-expected quarterly revenue and slashed its outlook for the year. Hewlett Packard Enterprise, which sells commercial computer systems, software and tech services, is half of the company formerly known as Hewlett-Packard. The split, as well as a spinoff of some software assets, has meant a lot of changes for workers at Hewlett Packard Enterprise, Whitman said. “The good news is, when