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tv   Bloomberg Technology  Bloomberg  March 14, 2024 11:00am-12:00pm EDT

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>> from the heart of word in addition, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i am caroline hyde from bloomberg's world headquarters in new york. ed: i'm ed ludlow in san francisco. caroline: we will have full coverage of tiktok from what we can expect in be senate, who wants to buy it, and the response from china and the impact on content creators.
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we have you covered. ed: starship goes further and faster, spacex loses the vessel during reentry. an unprecedented technology breakthrough. caroline: we get to check in on the tech earnings and sit down with the ceo and push ahead to results up with the belt. let's check in on how these markets are performing. we are flat on the nasdaq and the benchmarks more broadly. this is a day when we focus in on economic data. keep an eye on 10-year gilts come at one point pushing up 10 basis points. 4.28%. why are costs rising? some of that data showed hot inflationary pressures. also a lackluster economy more broadly looking at retail sales. all of this darling back expectations for a bit cut to becoming as soon as june or july. we keep an eye on what is happening in europe and we have dovish sentiment from members of the ecb.
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the u.s. dollar is rising above all of the g10 currency pairs with the euro is lower because of the dovish tongue. have a look at what is happening with bitcoin, we pair some of those gains come up by 2%. $71,670. we have had some research notes out following bitcoin. some bullish content. we are entering a whole new bull cycle for bitcoin is what one analyst wrote. ed: i am looking at social media stocks in the context of tiktok. tiktok is owned by bytedance, the most valuable private company. the discussion is turning, will tiktok be banned in the u.s.? who is that good for? analysts point to meta because of how analysis -- analogous instagram is to tiktok. who might buy tiktok's u.s.
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operations if they are forced to divest? rumble is one of the names to the downside, this more conservative social platform. as you know, it has been soaring in recent days after his ceo said we could talk with tiktok about a cloud partnership, looking at tiktok's operations. there is no catalyst today but it is interesting to look at different moves and some of the names that saw significant gains in recent days have pulled back about a bit. we still have a lot to work out when it comes to tiktok. caroline: we have a lot to the sect in terms of the reactions coming from the business and keep the mats fresh and diplomats -- and diplomats. a top diplomat in china -- on the potential been. listen to the comments coming from the u.s. ambassador to china. >> we have heard a number of complaints from the government in beijing this week about the american debate on tiktok.
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i find a super many ironic -- supremely ironic. government officials are using the x platform to criticize the u.s. they don't give their assistance director use x, instagram, facebook, or have access to google. it is ironic that the government is complaining about a process when they shut down access to all these platforms. caroline: we have to get up to speed with what is happening in the u.s. weekly question now is actually key question now -- the key question now is does starting numbers in the house carry over to what we might see in be senate -- see in the senate? ed: that is the question -- daniel: that is the question. you have a variety of opinions, their hundreds of senators and each will have their opinion.
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mike gallagher said yesterday -- as mike gallagher said yesterday. there are a couple of paths, one that could go quickly and others that could take longer. it is looking they will take the longer deliberative path. it is the question of do the interests stay there, where are we two or three weeks from now? is this still top of mind for people? still a lot of tape to play out. ed: is there a clear partyline on this bill? republican attitude toward it and a democrat attitude toward it that we can carry through to the senate? or has there been basically a bipartisan support -- bipartisan approach to this. daniel: there is no real clear partyline. it is similar to the national defense authorization act, the bill that passes almost every year without fail where you have these more moderate democrats, a lot of the hawkish republicans,
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the majority of both chambers when you get down to it supporting it. passing those types of bills. you have the progressives and libertarians which are against it. if you look at the house vote, 352-65 tells you where you are in the house. in the senate, i have heard numbers as much as 70 of his supporters -- of the senator supporting this. caroline: we are seeing a pushback more broadly of the u.s. government having foreign ownership of key companies or access to its own population. we have to see what is happening with u.s. steel. with your expertise when it comes to national security, will this be the focus? that there is a national security concern or are they going to go more toward who does this also may make more powerful , u.s. technology companies? daniel: you should on the your
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concern about that long antitrust grounds. would it be meta, would you be someone else? would there be challenges to that? you also hear challenges about is this the right thing to do, does this with the moment, does it address the national security concerns while preserving the ability of folks to exercise their first amendment rights and their right to free speech? the bill's authors say this is to force bytedance to the best tiktok but when you talk about a six month timeline, that is where you get some people that are nervous that may not be enough time to put together a sale and that would in the end lead to a ban. that remains to be seen. ed: it has been a busy 24 hours for you. thank you. let's keep going with the tiktok story and talk about the applications of what is a divest or ban bill.
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let's bring in an academic setting the intersection of technology and policy, jennifer huddleston. simple question, with the u.s. a large technology company based in this country by tiktok's u.s. operations if they choose to divest? jennifer: it is an interesting question. this is coming up at a time when technology acquisitions have been under increasing scrutiny. when we look at popular apps like facebook, some have asked questions about concentration. here you have what has become an immensely popular app providing another option for short-term video that users have chosen because they collected is the right platform for their -- courses. if we get to where it is sell or ban, you have the question of would companies face antitrust
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scrutiny from the federal trade commission around potential acquisition of tiktok or in the alternative if it were to get to a ban point, what does that do for the overall social media market. ed: fcc commissioner carr joined bloomberg television and he gave his opinion it does not have to be a u.s. company that buys tiktok u.s. operations. it can be another country as long as it is not china. is that a feasible thing to your mind? jennifer: there are specific requirements around feed investment that they have to assuage concerns about certain foreign adversaries being linked to the company in question. that would depend on how the administration look at something like that or whether or not they thought that was necessary or that sufficiently met the concerns as well as the question of when we look at considering
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another technology company that might have the expertise to continue the popular tiktok product as it is, are there really companies in areas like europe that have that expertise? caroline: i am good to go really basic. is it a good idea to separate it from china's ownership from your perspective? jennifer: there have been questions raised about national security concerns and questions around national security that have been brought up. some are contrite about the potential access to data. there may be one set of restrictions that could resolve that as well as concerns about if the data practices change, do you still have problems with the ability to buy that same data on americans from data brokers. the other question is the algorithm and that starts to get into questions of speech not only from the point of view of what this could mean for the u.s. government getting into the
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speech of social media platforms more generally, but what does this mean for the broader speech context when it comes to traditions around the first amendment and americans' ability to access speech. caroline: this has been done in india. before it was nearly as successful as tiktok in the u.s. how technically do we do this? jennifer: i think that is a really important question because it goes to who does the owners for enforcing this ban and ensuring compliance actually fall on. it focuses on distribution, maintenance, and updating of covered apps or websites. what that may mean is it falls to places like app stores to ensure these products are removed. many of those companies are american companies so we have questions of what impact with such a peach of legislation have
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on americans and american companies? caroline: it almost feels like there are more questions than answers. cato institute policy fellow, jennifer huddleston. spacex's shuttle watches to near orbit in space. you are fresh on the back of reporting on that. what else are you looking at? ed: adobe, the stock is up .2% on track for their third straight quarter of double-digit sales growth. the story is about firefly ai. you look at the start of looking at a text to image platform, has adobe got some response to that? the world of ai. this is "bloomberg technology." ♪
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>> 4, 3, 2, 1. ed: there it is, spacex launching its colossal starship rocket and system in its third major test flight. the spacecraft lifted up in texas. simply put, this story is starship went further and faster and pushed the boundaries of space launch systems and technology. it was lost later while returning to earth. let's go out to texas to bloomberg's space correspondent, lauren. explain what happened with starship.
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lauren: they got even farther than they had before, it is clear that spacex is making progress when it comes to the development of starship. this lasted an hour which with the planned flight time. the flight lasted a few minutes before the vehicle exploded. no explosions and they achieved a number of deeds -- feats that had four, which space, nearly lap the earth. the vehicle did seem to burn up or be lost during reentry in earth's atmosphere but they got even farther than they got even farther than ever planned or expected before. caroline: -- ed: let's show images of the reentry. spacex was able to maintain the camera images you are seeing now because it had starlink on board. as it went from an altitude of one hundred commenters downwards, it was bouncing the
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signal officer many satellites to maintain that high fidelity connection. this is the question i want to put to you to quote one of the preeminent space months, buzz light near -- buzz let you -- buzz lightyear, is that flying or falling with style? loren: it was never intended to reach a full orbit, it was always going to be sub-orbital. gravity was always good to bring it down at some point. what they're hoping to see is if they could bring it back to earth intact. there were hoping it could stay in one piece and splashdown in the indian ocean. it looks like that did not happen. they lost signal from all of their different inputs at the same time indicates it was probably destroyed in some way. it was falling with style but that was always the plan. but it did fly before that happened.
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caroline: ed ludlow and his six espresso shots to the rescue. ultimately, we are protected going to mars. we have a nasa contract to go to the moon. where does this put spacex? loren: with each of these lights they learn more than last time. they are incrementally farther along than they were before. reaching near orbit was a huge achievement. they need to do that if they want to launch sublets from the vehicle but there is still a longer list of things they need to achieve in order for this vehicle to be a deep space vehicle. they need to demonstrate transferring repellents between the tanks and the vehicle. they did have that demonstration on this flight, they wanted to see if they could transfer those repellents while in space. we're not sure how that went but they seem to have conducted the experiment so we will be eager
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to hear about how that went. they were also to come up with life-support systems, dem trade it can land on other worlds like the moon. there is a long way to go but this gives confidence they are moving in the right direction. caroline: a busy morning, we appreciated. coming up, we are going to be sitting up with eli about earning results when it comes to the adoption of ai and with a had hoped it would go. this is "bloomberg technology." ♪ i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up.
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how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ed: in the news, softbank is wearing a potential investment in one of europe's hottest ai companies. the tech tribe has expressed interest the next time it raises
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funds. any dealer could potentially value mistral. -- will enable in the u.k. to send money to their bank accounts. it will help cut costs and longer-term the product will help you create a stronger alternative to the payment giants's networks. amazon has pledged to make fixes to its advertising after charging merchants -- the problem came to let when he was being charged thousands of dollars to advertise merchandise in california even though he stopped selling those products. after bloomberg described the business owner's expense, the company acknowledged he paid for misdirected advertisements and it was working to fix the problem. caroline: -- let's go to okay name.
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uipath are trading lower after first quarter revenue outlook seemed to come short of some expectations on the street. the company reported fourth-quarter results that beat those expectations. it has received several upgrades on the back of the result. let's dig in to where we are likely to see some transparency with none other than the cio, she moved up -- ashim gupta. ashim: thank you having me. caroline: jp morgan is saying maybe there is some macro pressures here that needs to be reworked, repositioning. when can we get clarity on how the macro pressure is going? ashim: we have talked about the macro environment being relatively stable in that it continues to be variable. we have different pockets that have strength. our enterprise business is strong. if you look at customers growing greater than $1 million, they are up 31% in the fourth quarter and we look at that as a sign of
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strength. the lower end of the market is where we see volatility. we look at a positive environment for ai and automation and the transfer motive effects of the platform. that is why we raised estimates for the total year close to $30 million. caroline: let's talk about that this is the right investment at the right time despite microprocessors. jp morgan seeing meaningful acceleration. i'm sure it is because of the ai promise. what are you doing differently in your automation software? ashim: we have had several great product releases out there. if you look at the ai trends, we have been investing for the last five years. things like autopilot which enables natural language to allow developers to create automations faster. that is being released and will go into production being priced in the summertime. when you look at intelligent document processing, this is processing and understanding the
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billions of documents that exist in governments and enterprises. . that is meaningfully scaling now with our customers. when we look at those trends and look at the c level conversations we are having, they are no longer talking about digital transformation but ai transformation. they made ai platforms --they need ai platforms and that this will become in. ed: the last 18 months has been about a romantic discussion around generative ai, a direct to consumer focus chatbots. a lot of people coming to the honest reflection that where ai is most present is in automation. you do large-scale end to end. i wonder if you feel like you got left behind in all of the caht] -- the chat in ai and now the tools people are saying are quite useful. ashim: it is the opposite in my perspective. if you go to february last year, there are discussions that set
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is uipath really an ai company. through last year, we had thousands of customers looking in understanding us. c level executives attending our ai summit. when you look at analysts' notes, one says uipath is ai that works. the romantic notions of ai are great, we are excited about the macro trends. we are investing up just for the next year but what is possible over the next 10 years. it is practical today. ai and the areas are platform can drive growth, that is already taking root. it is practical right now. caroline: certainly the benefit of cathie wood and others in the space. ashim gupta, thank you. ed: back to tiktok and the bill and what it can mean for creators and businesses that use the platform. coming up next. look at images from an index
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level perspective. hot pbi -- hot ppi. a cut from in july. yesterday it was june. this is the way the markets work. this is bloomberg technology. ♪ meet ron. ron eats, sleeps and breathes hoops. and there's not a no look pass, double double, or buzzer beater he won't wax poetic on. ad nauseam. but oh how he can nail a software solution like the best high screen pick and roll you've ever seen. you need ron. ron needs a retirement plan. work with principal so we can help you help ron with a retirement and benefits plan that's right for him. let our expertise round out yours.
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>> just wanted to share thoughts with her u.s. users about the disappointing vote in the house of representatives. there has been a lot of misinformation and hope to provide some things. thank you to our incredible community, you are what tiktok so special. thank you for making your voices heard. we have invested to keep your data safe and are platform free from outside manipulation. we have committed that we will continue to do so. caroline: the tiktok ceo
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reacting to the "disappointing house vote." let's bring in dave lee who is about to do a dance. no he is not, but he is good to tell us more. you took to bloomberg opinion before the house voted through both looked like it was going to sing -- saying don't take this as a legal battle, sell and sell now. dave: if this is going to be an inevitability, the mexichem value they're going to get for a cell is as soon as possible. i was at the south by southwest festival which is a hub for creators and social media, figures to come together and discuss the industry and already people are trying to say is this a good place to build my following anymore? it may not be here by the end of the year. there is a danger that if the sale takes too long the value of the app might have diminished. since writing that column, some
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of the fallout we have seen from the users, you do wonder exactly what a buyer might be getting. him single-user base is what makes decide what it is, that is kind of true. if there's a feeling people don't like it or this is done incorrectly, the value of the app could go down. it is quite tense. ed: i think you are right, what is it you are buying? he last reported valuation was 286 billion -- $286 billion which makes it the world's most valuable private company. 170 million u.s. users, about one billion around the world. how do you fight a dollar value and then price in all of the shenanigans that is happening this week? dave: precisely. it is interesting to think about what exactly is the sale.
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technically this bill would only require the u.s. user base to be part of its divestiture. that does not speak to the rest of the global community. it has a big presence in brazil and in europe. would that be a separate company and where that be less valuable if separated from the u.s.? we also need to think about the value of the algorithm and the technology behind tiktok. the reason it exploded in popularity is it's all rhythm knows what you like and shows you more of it and that is how it has grown. it seems like if the sale was to go ahead, china would still try to retain the secret sauce, the thing that makes tiktok as popular as it is. without our secret sauce, what are you getting? you might not be getting something worth very much. ed: yesterday after the vote, i got to leaked a memo that mike dabbs on the public policy staff
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at tiktok sent to all staff and didn't say much except that they think project texas, housing data in centers run by oracle, is going to convince people it is fine. that leads me to believe, who might buy tiktok's u.s. operations or who might come to operationalize? dave: distracting things about this particular moment, some of the companies that might have the funds and the know-how to buy and own a company like tiktok might not be in a position to do that. cannot be bought by meta. there is a question if someone like microsoft which was part of that discussion -- it does not seem like we are in the climate way big company can take it over but it could be a coalition of other buyers. we saw steven mnuchin talk about how he was seeking a group of investors to buy the app.
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if that is the kind of deal that at the happening, what will these tiktok users think of that? as a former trump administration official, that is going to be seen as particularly disagreeable. finding the right buyer is going to be difficult. caroline: u.s. tech columnist, dave lee. we were talking about what creators are good to think, what consumers are going to think. let's get that view for you. amber venz box is with us of ltk. your clients, you work with the creators, no matter where they happen to be, to enable shopping and wear what they wear and see what they post. what do your content creators think of potentially having to pull back on tiktok? amber: this industry was created
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around 2011 so we are 14 years in. but we have seen is that history tells us these creators have a transferable skill set. we have seen a new plan from emerge every two years and these creators have been able to expand their audience. new creators have been born. this reinforces the importance of having a homebase for creators because we know these platforms come and go. we built the ld cap so they have -- ltk app so that they have a majority of -- a variety of programs -- platforms. caroline: how have any of the creators you talked to and worked with, have they exited tiktok? tyler, he forbade streamer did pull back -- a fortnite streamer did pull back. amber: these creators are
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hyperaware, this is not a side gig for a lot of our creators. this is a full-time business. they stay aware of what is happening from a policy perspective. we are entering a year since tiktok was last leaking to government. our creators started to understand, those that were single platform, started to move audiences into a safe place. with all of these platforms, sometimes there is an evolution and sometimes there is a revolution. ultimately these platforms don't have long-term staying power. creators migrate like audiences and these creators have a transferable skill set. i know there themselves for future proof of their business. caroline: i find -- ed: i find that such an interesting point of view. creators are finding careers as creators. you are basically arguing that if tiktok goes away, they will transfer their skills to another platform.
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instagram and reels is quite similar to tiktok. do you have any sense of where they are making the most money? if tiktok is a complete cash cow for many of these, i imagine they would be worried about having to transfer their energies elsewhere. amber: that is a piece of the misinformation. creators are not largely paid by these platforms. youtube is one of the greatest payers, but when he looked down business models are such that they are taking 100% margin on ad revenue. as a creator, you have to find and build your own business rather through partnerships or a commission on sales. these creators are losing a direct line of revenue from the platform. we have to look at who is paying the bills. the brands are investing in influencer market. ltk -- goldman expect that to triple over the next three years. this is an industry driven by consumer demand.
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consumers want to be entertained for free on the internet. adults on average are spending about one hour a day on tiktok. i believe there is going to be a lift and shift if tiktok is banned. we have to go back to what it was saying which is what we're talking about right now is it a vestager. -- 80 vestager. this is like what we saw in 2020. i expect tiktok users, whether you are a brand-new creator or a consumer, but continue to this platform. -- will continue to have access to this platform. ed: thank you for this information. it is a divest or ban bill. what are you hearing about people saying about buying assets and what are you hearing about other platforms trying to steal some creator content,
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saying leave tiktok and come to us? amber: it is competitive and they are trying to attract creators. clearly once creating all the content these consumer see. there are various types of pipes. unless the creator shows up, there is to do. we have seen these platforms become more and more competitive. when you talk about who would purchase this platform, in the current regulatory environment, it would have to be a unique player and i could see it being a confluence of players coming together that for maybe even nameless and faceless. i think that would be healthy for the ecosystem for there to be a continued difference in who holds the power in this space. even since last march when these hearings first started, the creator industry has come such a long way. when this industry started, our brains were looking platform by
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platform. today they are walking the platforms like ltk 360 where they are getting full funnel campaign information across platform. they are able to understand what they are doing with that one specific creator, whether that is on tiktok come instagram, youtube, ltk. they are making decisions industry level and not at the platform level. tools like ai are making ltk possible which is removing any subjectivity which used to exist in this industry and helping our marketers find more efficiencies in creator marketing. that is why see goldman sachs and the industry being more bullish. caroline: great to get your expertise. coming up, we are speaking with menlo ventures' partner about his brand-new role. is about ai -- it is about ai. ed: looking at the public they traded arm of foxconn come up
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.4%. profit is up 33%. this is the iphone maker. the stories about what they are sitting in their server business, and infrastructure buildout is in servers and their into data centers. this is bloomberg technology. ♪
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ed: this is "bloomberg technology" and you looking at electronic of the principal room. coming up, king street co-founder, brian higgins. this is bloomberg. unstructured raised a $40 million series b to make enterprise data llm ready. it was led by menlo ventures rick berg is a patent from data bridge ventures and nvidia's venture arm.
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let's bring in tim tully on today's spotlight. i want to talk about data ingestion and preprocessing. we have not talked for quite a while about the data that goes into building a large portal. but i want for -- i want to first but the others. what should we conclude from the fact that data breaks and nvidia put their money in? tim: it is not just the language model preparation that unstructured is powering, it is the more powerful generative ai applications themselves. when you look at fintech applications leveraging things like anthropic and openai, they don't just use those, they are using unstructured data to merge together and do something more powerful. that is the power of unstructured income it cleans and prepares unstructured data so we can go into these applications. caroline: we are -- ed: we are
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moving from a world where liquid models have hundreds of billions of parameters to many more like which models with fewer parameters. this is a 40 minute dollars series -- $40 million. series b why is this a lower amount. why is there not so much hype? tim: it is not a leg which model itself, it is more about a data pipeline. if it were a language model, we might see more of an extreme multiplier. because it is worth an atl preparation pipeline system, that is why you are not seeing that multiple haitian. -- that multiplication. caroline: where we are saying it's an appetite to be backing this company is not just coming from normal typical venture capital but from corporate vc, how competitive is it getting in this space? tim: it is getting quite competitive. every vc wants to be involved in
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artificial intelligence investments. the corporate vc's are helpful, they add value to these rounds and we are excited to have them dissipate caroline: when i look at -- them participate. caroline: is arduous companies. with the context in which we are seeing technology where we have congresspeople taking issue with foreign ownership of important companies here in the u.s. revenues to target consumers in the u.s., does it give you pause of getting involved with vc's that don't come from the u.s.? tim: it gives you pause and makes you think, but we are excited about the per dissipation from nvidia and data bricks. ed: go ahead, i'm sorry. caroline: i am interested in some of the ai that you have been making. when you were looking at pinecone and ultimately be stuff being used, how are we seeing it
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turned from hype into reality? tim: there is a lot of value. you see companies using companies like pinecone generating a lot of cash. you see a lot of popular apps being generated. a lot of our focus is on creating and for structures that power those applications. we are excited about what is happening. ed: there is a micro scopic focus on the moment of the tiktok situation. what i want to talk about is what is happening in silicon valley vis-a-vis chinese technology companies. ai in particular, there are advocates that say there's a lot of talent in china but we are also working on the same thing. how are you waiting through that as a firm? tim: we are being careful about what we invest in. i focus on infrastructure investments.
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when i think about that software overseas, i think about how it will be sold here. if there are a ton of engineers building up occasions overseas, i worry about what country here in the u.s. will buy. it gives me pause and slows me down in terms of thinking about investing overseas. caroline: it sounds like you're taking is the right idea and more positive comes to investing , but also alongside foreign investors. where do you think this takes us in terms of the u.s. progress? do you think that ai is streets ahead in the u.s. compared to the rest of the world? tim: i think the u.s. is ahead. i am very excited about what we are doing. we are investors in anthropic and they released three models that are right up there in terms of openai. we are excited about what is happening. caroline: and you're putting your money where your mouth is.
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thank you for coming on and talking about the latest round. coming up, what else is money being made or sold or gained? paramount sending its viacom estate to -- industries. we will talk about that. this is "bloomberg technology." ♪ okay y'all we got ten orders coming in... big orders! starting a business is never easy, but starting it eight months pregnant... that's a different story. i couldn't slow down. we were starting a business from the ground up.
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caroline: paramount has agreed to sell its stake in viacom 18 to reliance industries. it earns $517 million. here to tell us more is chris. from the paramount perspective, is this all about getting rid of non-core assets at the moment? chris: exactly that. we are seeing this huge stake in the media business, $8.5 billion combination of reliance and disney's business that includes this viacom 18 business that paramount owned. they are becoming much smaller investor at a time they have been trying to reduce their debt load. they have $15 billion in debt, sold off real estate, book publishing, talked about some channel sales. this all merged together at the opportune time.
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ed: it is a story about the landscape in india or is this a story about paramount trying to work out well enough to deal with itself? chris: it is a story about the media landscape all over the world and a window into a problem we are going to see this year in the u.s.. paramount and comcast had been in talks about merging. we will see a lot of consolidation similar to what india is already going through. ed: i want to go back to byron allen as well, what happened to that? chris: they don't seem to be getting a lot of traction from the paramount folks. they are doing due diligence. ♪ -- [indiscernible]
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apollo made any offer for paramount pictures along. that is not particularly being well received by the folks who would like to keep the content portion together and find a way out through red stones and focus on content and alleviating the losses. that seems to be the focus. caroline: we keep our merger focus on all things to do with these content creation companies. chris, thank you so much for bringing estimate just on paramount. we have been front and center content creation in all its guises, whether watching rockets of spacex. how many people tuned in? ed: on x, more than 3 million, which is astonishing. next week we should talk about it. caroline: we don't seemingly
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when it comes at treasuries, the s&p 500 is down on

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