that's the analysts' consensus marc kicked off today's earnings call talking about his new co-ceo brett taylorying he has had an amazing run over the past five plus years at the company. taylor adding that this new partnership is the culmination of a decade-long friendship. he talked about how each of the company's cloud businesses are growing by double digits and talking about why they are raising their guidance make sure to catch the co-ceos on "mad money" tonight at 6:00 p.m. eastern >> thank you salesforce was down 4% in the regular session. this is a tumble further from the regular session. >> yeah. it tumbled from the all-time high to put it in context, the guide was miserable. the quarter was fine we get that out of the way where do you buy the stock past resistance becomes support. we should find it here this would be a 14% decline. you will have a huge volume day tomorrow interesting to see if this holds. i think that's your line in the sand >> all that may be moot if you think high valuation stocks are not in vogue where are you on the igb short >> i'm short igb the biggest single co

guys >> just another piece of news here brett taylor is promoted to co-coo he is chairman of twitter.e was the coo and president, rising star in salesforce since selling his company to salesforce and then at facebook and also - >> joined us recently. >> yeah. he is really out front lately for the company. he is now vice chair of the board. and also appointing laura from william sonoma and changes there in the c suite benioff is co-coo before and didn't work out and then resumed. maybe this is his next transition. >> it's something that in silicon valley it's happened before oracle hp at times had that it's an interesting set-up in lieu of becoming executive chairman interesting too with twitter link and - >> maybe they'll buy it again or try to. >> maybe that's one way out. the terms of the stock response of salesforce to me about how tightly stretched it was looking at the free cash flow that's one to way to look at the valuation. as low as it's been in the history. >> only point going from the question markings of a founder led leadership to the busy people chairman of twitter is a

>> well, brett taylor is having a big week i think everybody knows he had an amazing time with googleated google maps and he started a company acquired by facebook he became the ceo of facebook. that facebook started another company which salesforce acquired him the last 5.5 years. he has had a phenomenal run at salesforce and appointed the coo. congratulation on being the co--coo of salesforce. i couldn't be happier for you, congratulations. >> it's an incredible privilege. we have a life-long friendship and partnership. >> all right so let's dispel some things immediately. there were people who felt when you needed a previous co--ceo, therefore, you were done, going to the beach are you going to the pipe, run for president or whatever or stay at co-ceo >> jim, i love salesforce. you know that. you know, you've seen me with our commerce and how much fun i have with all of our stakeholders i'm never leaving salesforce this is my life pursuit. i couldn't be more thrilled to have a great partner here with brett taylor he's amazing this is my dream that brett would come in the company an

member of the board but only his term expires in 2022, he'll be exceeded by the salesforce coo, brett taylor he decided to leave twitter because he believes the company is ready to move on from its founders now the new ceo is 37 years old and has been with twitter for more than a decade he's been involved with strategy and machine learning led twitter to make tweaks in time lines to make views more relevant but a question on his departure, how much was planned, how much was pressure by activists, but also i think there's investors wondering what the strategy is going to be. i don't think the strategy looks to be dissimilar and given how jack had been working at square at the same time as twitter, it's unclear how much of his eyes were actually on twitter in the first place. >> a lot of those changes they announced already in terms of trying to double the revenue by 2023, all of the new products they tried to speed up and bring to it. so i think the changes in terms of the strategy came already, like you said. >> you saw the scuttlebutt, he's going all in on crypto >> yeah. yeah could be but

brett taylor chairman of the board replacing patrick pichette and dorsey will be leaving the board after022 meeting of stock holders. twitter still halted but we will wait to see how it opens take a break now i think. does that sound fair yeah let's do that. let's take a break and joint by ayitus awe denny'ss ll st wh . what's strong with me? i know when i'm ready for a rest day. ...so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. >>> we're waiting for shares twitter to reopen. we got the news. ceo jack dorsey is out and parag agrawal is the new ceo of the company. still waiting, though, for a first trade. carl >> in the meantime restaurant stocks are taking a hit in the midst of the covid variant joining us, the president and ceo of denny's, john miller is with us. welcome back great to see you again. >> thank you great to be here appreciate you having me on. >> it's amazing how quickly the conversation changes already we got the new york city health commissioner advising us to all wear masks in grocery stores and offices

than to say it was his decision alone and he has the pieces in place now with this new ceo and brett taylor from salesforce as chairman of the board to really run the show with him out of the way. >> i have been wanting to say this all day, i don't know jack -- i don't think anybody really does. but this was not really anticipated. was it or was it? >> it was kind of a surprise because if you remember over a year ago, close to two years ago now elliott management was pushing for jack dorsey to leave. they came to a settlement. and now a year and a half, almost two years later elliot is getting what it has wanted. >> so we are waiting now for the president to come and talk to us about supply chain things, something that twitter obviously doesn't have to worry much about. let's go to the president right now. >> heck of a job you are doing this morning i provided an update on the omicron variant and told the american people that it is a new variant that's a cause for concern, but not a cause for panic. and we are going to fight this with science and speed we are not going to fight with it chao

one interesting point was the appointment of brett taylor.found friend feed acquired by facebook which led to his becoming cto before that he was at google as a product manager. he has good product chops. >> dorsy writing on twitter or memo, you have no idea how happy this makes me with bret taylor becoming chairman. when we talk about the differences between other founder-led companies, something that twitter does have if not market cap in size to the other ones that we mentioned like alphabet, apple, amazon is the regulatory pressure. we've seen those ceos step down over the last year and a half at alphabet, am von i wonder do you think this has something to do with the jack dorsey simply not enjoying, testifying in front of congress and all the pressure that he faces as ceo of twitter? he didn't step down as ceo of square >> that's right. look, there's no doubt that in a lot of ways being ceo of a platform right now is not a fun job. there are going to be more hearings there's legislation moving through europe right now that's going to put

and brett taylor is a long-time silicon valley figure. >> can you tell us more about dorsey's successormany people know about him. a very nice guy, sort of in the background. other executives have had more visibility such as vincent gaudy, which is the chief counsel there and has done a lot of chief decision making on that front, which is where the focus has been. they went a tech direction versus a media direction. they had a former president or ceo that was more of a media director. they made a lot of advances in technology in the past year, improvements of products. that's been a complaint about twitter. one thing that's critical is many people think this company is deeply undervalued. the price has gone nowhere since 2014 while other tech companies have soared. people feel this is an undervalued asset given the impact. you'll see some action here around this company. especially with the founder gone, it makes it a little easier. the different kind of board, it also continues to be underpriced compared to other companies. and then there's all kinds of indications with the election co

other than by me >> other than by you >> they overrode me completely but brett taylor was heavily involved>> he's becoming the chairman now. elliot put a statement out saying they're excited about agrawal but taylor. >> do you think it signals any sort of major change in direction? >> i think there's a hope that he will mirror the fact -- nadella was an insider too. >> that's true. >> look what he's been able to do there was a hope on the part of some shareholders that it will follow a similar playbook. somebody who's been at the company for some period of time but is unleashed in a different way as a result of not being the ceo. >> nadella sold almost a quarter billion dollars of microsoft. >> can you really blame him? that stock has appreciated tremendously. >> twitter has a headline out, starting today, you will not be able to share private media such as images or videos of private individuals without their consent. >> you have to pay >> that's just the headline on the reuters a moment ago. >> somebody who takes a video on their camera of somebody and puts it on twitter, no more, unless