David Faber

Photo: Win McNamee (Getty Images)Twitter CEO Elon Musk slammed people who work from home in an interview this week and declared the practice was “morally wrong,” despite the fact that, as head of three companies, it is virtually impossible for him to be in three offices at once. He’s the quintessential remote CEO. Although Musk’s comments dominated headlines, they are nothing new. The billionaire spent the majority of 2022 railing against remote work and insinuating that people who worked at home didn’t work hard. Musk…

Tech CEO Elon Musk, who heads Tesla, SpaceX, and Twitter and to date has no clones we know of, slammed remote work in a wide-ranging interview with CNBC’s David Faber on Tuesday. Musk said the practice was “morally wrong,” despite the fact that he’s hardly the best example of an office-going parishioner.NPR Is Going Dark on Twitter | Future TechMusk’s distaste of remote work isn’t new. Shortly after he took over Twitter last year, Musk ended the company’s “work from home forever” policy, which had been created by the…

Tesla CEO Elon Musk sat down for a sprawling interview with CNBC anchor David Faber on Tuesday following Tesla's 2023 annual shareholder meeting in Austin, Texas.During the course of their approximately hour long conversation, Musk reflected on:How he has managed a takeover of Twitter so far and what lies ahead. Among other things, he said Twitter's Community Notes feature has cost Twitter $40 million in business when two big clients reduced spending after their ads received community notes accusing them of false…

Elon Musk told CNBC's David Faber on Tuesday that he doesn't care if his inflammatory tweets scare advertisers away from Twitter."I'll say what I want, and if the consequence of that is losing money, so be it," said Musk, who owns Twitter.Musk has for years tweeted controversial items, including conspiracy theories and comments his critics have called broadly discriminatory. His defense comes a day Musk caught renewed criticism for a tweet in which he likened liberal billionaire and Democratic donor George Soros to X-Men…

A Lululemon store in New YorkScott Mlyn | CNBCCheck out the companies making the biggest moves premarket:Lululemon — Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its gross margin guidance for the first quarter. The "athleisure" chain raised its net revenue guidance for the fourth quarter and now expects growth of 25% or more, year over year.related investing newsVisa, Mastercard — Shares of the payments companies gained 1.1% and 1.7% respectively, after Keybanc upgraded their ratings…

Photo: ORSTEN SILZ/DDP/AFP (Getty Images)Google’s parent company, Alphabet Inc, was told it needed to make aggressive cost-cutting moves after receiving a letter from activist hedge fund TCI Fund Management.The London-based hedge fund, TCI, is owned by billionaire Christopher Hohn who wrote a letter to Alphabet’s CEO Sundar Pichai on Tuesday requesting the company make swift decisions to reduce its financial output.“This growth is excessive, both in relation to historic headcount growth and what the business requires,”…

Dan LoebJustin Solomon | CNBCDaniel Loeb's Third Point has taken a new stake in Disney, pushing the entertainment giant to spin off its sports network ESPN, according to a letter obtained by CNBC's David Faber.The shares jumped as much as 2% on the news. Loeb's stake is worth roughly $1 billion, Reuters reported Monday.In a letter to Disney CEO Bob Chapek, Loeb said there is a strong case that the ESPN business should be spun off, saying the segment generates significant free cash flow for Disney."ESPN would have greater…

Exxon Mobil is one of the most consequential and profitable companies in U.S. history. For more than a hundred years, the company's oil and gas have helped power the global economy.But the Exxon Mobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and also drastically reducing its carbon footprint to help stave off climate disaster. With unprecedented access to company executives, workers and facilities, David Faber explores whether Exxon Mobil is serious about taking on…

Rangarajan Raghuram, CEO, VMware at the NYSE, Dec. 14, 2021.Source: NYSECNBC's David Faber reported Monday that Broadcom had been gearing up to announce its acquisition of VMware as soon as Thursday, but the news could come sooner after several reports said the two companies were in talks.Some material terms still need to be finalized, and a deal could fall through, Faber said on CNBC's "Squawk on the Street." It would be a cash-and-stock offer if it materializes, according to sources familiar with the deal. Michael Dell…

Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC's David Faber.An SEC filing on Thursday revealed Musk secured approximately $7.14 billion in equity commitments from friends and other investors to buy Twitter. Faber said Musk handpicked the investors. Commitments range from $1 billion from Oracle co-founder Larry Ellison to $5 million from Honeycomb Asset Management, which invested in SpaceX. Faber added…