Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Sen. Ted Cruz came to the defense of toy-making giant Hasbro on Thursday after the company came under fire over a "Monopoly Socialism" game that takes as its slogan the phrase...Politicsread more
"SAP's a big company, and I think this $8 billion acquisition validated just how big this category is," Lurie told CNBC's Jim Cramer in an exclusive interview. "This is a multi-multi-billion-dollar global category. There are hundreds of thousands of organizations who need to buy enterprise software to measure the sentiment of their employees [and] their customers."
Speaking after SVMK's third-quarter earnings report sent shares of the software provider up over 13 percent in Wednesday's trading session, Lurie added that he was "all in favor" of the price SAP paid for Qualtrics.
Qualtrics, a direct SurveyMonkey competitor, was reportedly planning to go public at a value of roughly $6 billion before SAP stepped in. Now, Qualtrics' $8 billion price tag may make investors think twice about how to value SVMK, which currently has a $1.6 billion market cap. SAP declined to comment on this story.
"If you look at our competitor [Qualtrics] here, they're going to be a division of SAP, a large European company," he told Cramer. "We're steering into where Microsoft and Salesforce and Adobe and Google have real market leadership. I think, from a cultural standpoint, it's going to be a real advantage for us. "
Salesforce Ventures invested in SVMK at the initial public offering price of $12 a share, close to where the stock closed on Wednesday. The support has proved lucrative for SVMK, which is "going to school on [Salesforce.com chief Marc] Benioff's playbook" and partnering with the cloud giant's customers on product development, Lurie said.
Disclosure: Cramer's charitable trust owns shares of Alphabet, Microsoft and Salesforce.