trust twitter to take care of their information. >> certainly a topic that's on a lot of minds, ned segalou for having me. >> julia boorstin in sun valley. guy adami, you are been a twitter bull. >> i think twitter is doing everything right i have said that for a while the stock has had fits and starts, i think it's going to continue the rally on earnings the 22nd they have a real opportunity there, not only to take over from clubhouse, but to monetize in a way they haven't been able to i think twitter is going to change that $80 level i believe it was on march 31st this year >> i found your question interesting about whatever the trend is, whatever the hot thing is, whether it's meme stock or crypto or whatever, it's happening on twitter that has always been the premise, this kind of global kind of meeting place or whatever, so to me, the scarcity of that, and then the ability of these new products that they're launching where a lot of people, let's say they're influencers or whatever, their social graph maps to it, do live audio, a micro casting platform, and spaces, whatever, there's a

twitter ceo ned segal will be with us at 8:35 a.m.us on the twitter audio chat feature you can see more on twitter afterwards. >>> shares of snap are up this morning, too snapchat parent posted earnings up 10 cents a share. revenue beat expectations and daily users of 290 million average revenue per user was higher snap says it wasn't impacted by apple's privacy changes as ain adve anticipated it would be. more users opted in to add tracking than across the industry that stock this morning up by 16%. >>> intel shares are under pressure earnings and revenue beat estimates and company raising guidance by $1 billion the company said a boom in computer sales that started during the pandemic may continue as people return to schools and offices. it is the current quarter guidance with concerns the company pointed to a drop in gross margins from 59% in q2 to q3 relating to costs and building chips the ceo pat gelsinger said the shortage could start showing signs of easing later this year. he said it could take one or two years to get back to

we will hear more from twitter cfo ned segal tomorrow at 8:30 eastern time on "squawk box. you were watching these earnings for the impact on facebook and we are seeing the impact on facebook in the after-hours session. >> right new all-time high for them and new all-time high for snap, as well it's like they took their business into a whole new gear, that is phenomenal growth and the stock was at an all-time high before that i think it bodes well for facebook julia brought up the idea of what kind of impact will we see from apple's new privacy rules and we don't have a full quarter of data, and good for google and good for facebook, and i don't own twitter or snap, and they might be guy names and they're not my naps. good for them and that was impressive, and way higher than i thought they could do. >> guy has been on the twitter traim train for a long time and they're at the cusp and the tip of the monetization efforts. >> what's the word when you're steadfast behind something >> steadfast steadfast? >> see that's why i ask you because you know these things and we have be

i began by asking their ceo ned segal how well twitter is holding onto users. had a strong quarter. we grew our audience 11% year-over-year. we added 20 million people to twitter. we have noticed that the people who came to twitter around the time -- emily: i am curious, what does this mean for the long term? is it impacting your ability to show direct response ads? that means decentralizing our workforce. we want people to work where their most productive. we want people to be able to tip across borders. we want them to pay twitter and pay creators for the premium features that we will offer. as we learn more and about these, we will learn more about how value is exchanged as a learning opportunity. emily: this new scription service, it is early days. do you see this being a small complement to all the revenue you are already bringing in, or will this be a big revenue driver? ned: over time, we want subscriptions to be a big part of our company. advertising is firing on all cylinders. we had a great quarter across geographies, across verticals. ford when they l

ned segal will be on "squawk box" will talk about the results later this morning dom. >> thank you, juliatin >>> time for other big money movers this morning. intel shares are under pressure. second quarter results beat forecast revenue fell the outlook is above estimates and raising revenue guidance for the full year. the ceo pat gelsinger says the supply is constrained and it to take two more years to catch up with demand. gelsinger says intel could sell more chips if they could make more chips sdplchlt we think that's the case for the industry and for us we're working to build more product. first half to second half, more expense coming into the business as we bring on more of the 10 nanometer costs. we have unique things which are good news as we move into the next process we expect asp to be stable from the first half to the second half >> by the way, you can see more of the interview with ceo pat gelsinger on "tech check" at 11:00 a.m. >>> boston beer tumbles after they miss forecast they are cutting projections for the year citing weaker sales of hard seltzer the demand for the bra

today, led by snap chat facebook is on track to close above a trillion in market cap twitter's cfo ned segalyear over year, 7 million from last quarter. we're delivering better ad formats, all of this against a really strong make roe economic backdrop there are more events happening. advertisers have more products they're launching, where they want to connect with nair customers. it's all coming together to give us a ton of momentum right now. >> delano, what do you do in the space now, given we're in an environment where a rising tide lifts all boats on the digital ad spending companies? >> 100%. really i'm starting to change that, with a bit of a position in twitter as mention, i like these -- you look at year over year, quarter over quarter, ad spend is increasing, especially with twitter, and they're doing different things with their product. stronger product improvement the engagement is a bick part of what twitter is try to go capitalize o the one-year chart, i think there's a lot of up side for twitter -- you can look for opportunities here >> jonathan, facebook is up 5% on the back o