Ari Levy
CNBC
San Francisco, CA, United States
Contact Ari
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Past articles by Ari:
Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation
Venture firms Sequoia and Andreessen Horowitz invested $50 million each in Instacart at the tech market's peak in 2021. → Read More
Arm is trading at a premium to Nvidia after IPO pop even though it's a 'no-growth company'
With a valuation of about $68 billion, Arm's price-to-earnings multiple after its first day of trading is higher than Nvidia's. → Read More
Nvidia and Capital One back Databricks at $43 billion valuation in latest funding round
Databricks, one of the most richly valued venture-backed companies, has raised $500 million in its latest financing round → Read More
Palo Alto shares rise on earnings beat, surprising investors who worried about a Friday report
Palo Alto's better-than-expected earnings report was a relief to investors who were concerned about potentially bad numbers due to a late Friday announcement → Read More
Chegg shares rebound with 17% pop after losing almost half their value on ChatGPT concerns
Chegg CEO Dan Rosensweig told CNBC late Tuesday that the stock's 48% plunge during regular trading hours was "extraordinarily overblown." → Read More
The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable
Clubhouse said on Thursday that's it cutting half its staff two years after investors valued the nascent startup at $4 billion. → Read More
SEC's Gensler says 'the law is clear' for crypto exchanges and that they must comply with regulators
SEC Chairman Gary Gensler wrote in a post on Thursday that crypto exchanges "must come into compliance, register with us, and deal with conflicts of interest." → Read More
Startups scramble to meet payroll, pay bills after SVB's swift collapse
Tech companies that banked at SVB are wondering when they're going to be able to pay employees and their bills after Friday's collapse. → Read More
Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
Cost cuts have replaced growth on Wall Street's checklist, and tech executives are being celebrated for efficiency over innovation. → Read More
Meta lost $13.7 billion on Reality Labs in 2022 as Zuckerberg's metaverse bet gets pricier
In its first full year as a separate business, Meta's Reality Labs unit racked up huge costs, bringing its total operating loss to $13.72 billion. → Read More
Nasdaq closes out its first four-quarter slump since dot-com crash
The Nasdaq wrapped up its worst year since 2008 and is mired in a slump that's drawing many comparisons to the dot-com crash more than two decades ago. → Read More
The tech IPO market collapsed in 2022, and next year doesn't look much better
The only notable tech IPO in the U.S. this year was Intel's spinout of Mobileye, a company that had been public before it was acquired in 2017. → Read More
Insomnia is a $5 billion business — and this former sleep doctor thinks it's time for a new approach
Insomnia is a $5 billion market, largely from spending on pills and sleep aids, but one ex-doctor is pursuing a radically different approach to sleep struggles. → Read More
Binance's native BNB token plunges to lowest since July as concerns mount about withdrawals, FTX ties
Crypto exchange giant Binance, the firm that would potentially bail out FTX, is facing its own questions now, and investors are selling out of its native coin. → Read More
Coinbase debtholders sweat as bonds trade near 50 cents on the dollar following FTX collapse
Since FTX's sudden collapse last month, Coinbase bondholders have been selling on concern losses will continue to mount, draining the company's cash. → Read More
Salesforce executive exits help push stock to its lowest point since March 2020
With Stewart Butterfield's departure from Slack on Monday, Salesforce shares continued a drop from last week, spurred by the exit of co-CEO Bret Taylor. → Read More
Bret Taylor steps down as co-CEO of Salesforce, leaving Marc Benioff alone at the helm
A year after being promoted to the co-CEO role alongside Marc Benioff, Bret Taylor is leaving Salesforce. → Read More
DCG's Barry Silbert reveals crypto firm has $2 billion in debt as he tries to calm investors after FTX
Barry Silbert, the founder of crypto conglomerate DCG, said his company is on pace to generate $800 million in revenue this year as he tries to calm investors. → Read More
Crypto firm Multicoin expects contagion from FTX to wipe out many trading firms in coming weeks
Multicoin Capital, one of the top crypto venture firms, told investors in a letter on Thursday that FTX's collapse will bring more industry pain. → Read More
Crypto.com customers worry it could follow FTX as CEO tries to reassure them everything's fine
Crypto.com has seen the value of its native token plunge since FTX's collapse last week, and concern has mounted about deposits, which the CEO says are stable. → Read More