Alibaba's Six-Way Breakup, AI and the Metaverse, Lyft Rises on CEO Shakeup 3/28/23

Published: March 28, 2023, 2:30 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber began the show with a look at Alibaba. Shares rose sharply after the Chinese e-commerce giant announced plans to split into six independent units. The discussion included a flashback to the "Squawk on the Street" interview with Alibaba founder Jack Ma in 2014 on the company\'s IPOday. Also in focus: Disney ditches its metaverse unit, Goldman Sachs warns about labor market disruption when it comes to AI, lower bonus payouts at Meta, Lyft shares jump on news that the company named a new CEO, McCormick shares spike on earnings, a \\u201cFaber Report\\u201d on WWE. Squawk on the Street Disclaimer'