>> from pier three in san francisco welcome to bloomberg west were recovered the global technology and media that is reshaping our world. this weekend we bring you a special year-end edition of the best of west. over the next hour we showcase some of our top interviews with the power players in technology and media from the last year, including the ceos of linkedin,'s ebay and disney to highlight just a few. we spoke with industry

innovators about the future of technology. we begin with one of the top stories and companies of 2013, twitter and its ipo. the social blogging site began trading on the new york stock exchange. the seven-year-old company has had a storied history, its came together to celebrate the next chapter. they were joined by twitter's iconic with him on the floor and asked him about the ipo process. >> i think the thing that surprised me most about the ipo almost is the spectacular understanding of the service that so many of the investors we met with across the country had. i would go to meetings with potential investors and these are meetings were i am going in to sell them and they would show

me tweets from folks like sean what goteeting about him into house arrest in china. that,rts of examples like so the opportunity to talk to people who you're trying to help understand your vision and have them show you why they already know it is so important is obviously tremendous. >> let's talk about making money. you and i both know that you can turn on the profit whenever you like. ist would tell you that it time? >> i think we believe we have a tremendous amount of investment we want to do in service to the kind of strategy that we already know is working for us. twitter and tv work we have been doing. further has increasingly become the second screen for the live experience, the second screen to what people are watching right now. continuing to invest in that, making sure we have the right team on the ground internationally to invest in unique regional content and

driving that unique regional content internationally into the platform to make sure that we are the outlook real-time conversational distributor platform. important really because most of your users are international. >> yes, 70% of our users are outside the united states. it was expensive to recruit for your ipo, how does it not get more expensive? it is competitive out there. >> one of the things i try to talk to the company about is , ating a broad direction specific direction but with some broad room for them within which they can innovate here it is very important to me that the innovation, the specific ideas that are developed within the broad direction are built from the ground up. innovative from over thousand product -- when you have the opportunity to within your team build an innovation that you conceived of and take it to the senior management team and you have the authority and

accountability to deliver against that thing you conceived of yourself, that is tremendously motivating and an incredibly motivating work environment herd onto continue to foster the kind of work environment. >> you told me you're getting to a billion users is more important than a billion dollars in revenue. in terms of users, some people still come to twitter and are confused. it takes time to figure out who to follow. how do you improve that from the perspective to get to a billion? it becomeso get it indispensable to them. when they get up in the morning it is the first thing they do. it is an indispensable companion. it is a live experience. some people argue understand that. for us it is all about bridging that gap between the massive global awareness of twitter and engagement on the platform, getting people to that moment where they realize it is an indispensable companion.

>> a lot of people are going to make a lot of money today. >> a lot of numbers being shouted around. in terms of the culture of twitter, how to you from acting the culture in a bad way? >> one of the things i told investors over the last couple of weeks is, with over 2.4 billion connected people in the world, we're less than 10% penetrated. the company has five research examples of why the know the service could be so and why to anyone should be valuable to anyone in the world. for all of us we have an extreme focus on bridging that gap and reaching every person on the planet. >> a lot of drama about the founding story of twitter. perspective, how fair

was the portrayal? was really how it played out? >> we have so much work to do. we have so much work ahead of us in service to fulfilling everything we know the company could become, i have zero time to look back over something that happened three years ago and think about it or even have thoughts about whether i think it is something to pay attention or not. spend 18 hours a day focused on the road ahead of us. >> you only have 24. >> and thus the comment. there are four hours that i already don't have. twitter,the turmoil of how confident should investors be that that is really behind you guys?

team have a management with a spectrum of experience across a media and technology landscape. that zyngaviously coo isoo!, our previously at pixar. i could go on and on. i could keep enumerating and go a couple levels down in the company. we have every confidence in the team you establish now. we were together well. think we have healthy conversations in our staff meetings. darker how long do you want to keep doing this? >> i haven't given that a moments thought and i don't think about my life that way. one of the interview questions i would get in the past is any company or job i would go to is where you see yourself in five

years? i don't think about my life away. what we're focused on right now and all the work we have in front of us, that occupies entirety of my perspective about my work. >> that was twitter see the oh while the company did face criticism for not having a woman on its board when it went public, it has since added marjorie scardino. star wars fans await the next installment of the series. bob nexto disney ceo on "bloomberg west."

is "bloomberg west." i'm emily chang. we're bringing you the best recovers from 2013 and that includes an interview with ger. are jonob iiger

erlichman spoke more about star wars and it's really date set for december 2015 with disney's ceo. thehis is obviously one of most important films that you are working on right now. that was veryngs important to us was that we give the creative team, jj abrams and his writing team, the time to design, write and produce the film so that we can optimize quality or so that we can create a great film, so they can create a great film. very very important. at one point we considered the summer of 2015, but it felt like with some changes that we made in writing team that that was going to create a rush and so we didn't think he was optimal for all this reasons. christmas 2015 became the day.

day thats to be the avatar which is the number one movie of all time was released. we like that, certainly it will hopefully bring us good luck. that was not our film. christmas is a good time we think for a film like star wars, which will have obvious interest alike, forand old everyone. >> no doubt. obviously these films are an anchor for other parts of the disney empire. there has been so much discussion on blogs about the exciting things you reference last quarter coming at disneyland. some people wondering if tomorrowland becomes star wars land. anything new you can share on that front? >> the only thing i can share, which i don't think we have really talked about much, is there is a fair amount of development going on at disney imagineering right now to expand the star wars presence in california and in orlando and eventually in other parks around the world. we will -- we do have star wars

in other theme parks, france, paris and in tokyo. we haven't made anything -- made any specific announcements and what will be in shanghai or hong kong after we build an ironman attraction, but i think it is probably likely that star wars will be in more than just our two domestic parts. >> all right, thanks for sharing on that front third you have earnings today. star wars release date and you started the day with this announcement of a new deal with netflix for original tv shows .ype to the marvel characters there was no financial attachment or numbers tied to that deal, but how financially significant you think a deal like that could be? >> at our numbers come i promise you. we are getting paid for those. this is a really smart deal we think for netflix because they have done well already with some investments in original

programming and turning to branded programming i think is a smart and eight step for them. marvel certainly provides that. this gives us an opportunity to create and own for new series that netflix will have exclusivity for for a. of time, starting in 2016 when the series are made available to them. we are obviously getting paid a price that makes sense for us. we are not going to be specific about what that is, but these will be well produced series that will take production investment to deliver the kind of quality that we promised economicnd so from an perspective the money we are being paid is something that makes sense to us, given what will be the investment in production. >> were waiting for an update and contract talks from one particular pay-tv operator. anything you can shed in terms

of would you like to get the deal resolved soon? >> what i can say is that we have had ongoing negotiations. they have been quite part of there are still terms that are to be negotiated and it could take a little more time, but we are reasonably hopeful that we will be able to nick concluding negotiation and hopefully avoid a program .nterruption reductive negotiation, but nothing more to say in terms of when to expect a deal to be done. >> we think about what if apple comes out with a full-scale television. you are on the apple board so you can't talk about that, i know. but you think a single device is capable of transforming the entire media landscape given that we are already seeing a number of new devices for watching television? >> you're right, i'm not going lookmment about apple, but , there are things as game changers in this is news.

when apple first came out with its ipad, the tablet, that it was a game changer. around in a meeting look the table and there are 20 people there and everyone has an ipad, and it is only a few years since it was launched, that says a lot. backrget that a few years these didn't really exist and now they are ubiquitous. they are very important parts of our lives, whether it is to be -- whether it is to be entertained or informed. could've been a game changer? yes sir could. in what form it is i just don't know. in television, i think mobile has been a game changer. it's impact is just going to be felt, though. it has been a game changer and i think it is suddenly causing the entire industry to think about

providing its product in ways that go well beyond the home. why that is a game changer is that suddenly the consumer has the ability to consume more because they're not going to be confined to one place or one space. there is nothing that will confine them. if you are creating content, that is a fantastic game changing development. i think it is a good time to own intellectual property. is not for the faint of heart. you have to be really willing to adapt to change, to challenge your old business models, to abandon a status quo strategy because it is not a winning strategy. talkingy ceo bob iger with our west coast correspondent jon erlichman. ♪

>> welcome back, i'm emily

chang. this is "bloomberg west" streaming on your phone, your tablet and bloomberg.com. levchin.founder max he is the chairman of yelp, yahoo! board member and a founder of a firm. he began a conversation talking about how he thinks global apps may change the world. glow apps may change the world. i'm not sure why it is so expensive and there are a lot of good explanations but i'm pretty sure we have to make it cheaper or we will spend all her money on that. itchose infertility because is particularly a poorly covered

area and health insurance. we don't live in massachusetts odds are good you are not going to get covered for any in fertility treatments. want to build an app that helps people conceive naturally, increases their odds of conceiving naturally faster, to reduce their out-of-pocket costs of conceiving. a companion product is a help fund. this subsidizes infertility treatment. and if50 a month to join you conceive you don't get any money back herbert hoover conceded get some money back. $50 a month is not cheap. >> is completely optional. don't have to do that if you're confident that you can see. like ansentially insurance policy.

it is a blueprint of what the withh insurance policy -- health insurance in this country should look like. to fix health and health care we have to arbitrage prevention and knowledge against correction. by the time you know something is badly broken we are facing massive bills or your insurance is facing them. if you leverage data by yourself, preventer database that can be mined with other people's data, find out what going to happen to you, you can at least prepare for it, either save outdoor pool with other people or buy more insurance. that is the way to fix it. >> i want to ask you about yahoo!. came in right after marissa took over. talk to us about the m&a strategy. it seems like yahoo! has bought five companies every day. >> is definitely inappropriate for me to comment. athink they are building up new yahoo! and they are doing a

pretty good job. part of it is acquiring talent and smart young driven people that are attracted to the fact that the company has that's to place and think of yahoo! as a place to have a bigger lever. critics have said these companies that yahoo! is buying failed. why would you want telephone companies that struggle to make it? >> i think it is about as generalized a statement as one can imagine. the one thing i can tell you about the yahoo! strategy is that they look at an incredible number of possible acquisitions and choose to acquire an extraordinarily small number. port over with a fine tooth: and the actual text in written lizzie jordan eberle high. i'm confident. >> you're a guy who loves

starting companies. how confident are you that the people you're bringing and want to stay and want to be as passionate at yahoo! as it were about the company's? >> i think that is ultimately more on yahoo! than on those people. as long as marissa continues to deliver as she has on setting a big vision, pouring out huge bets andd keeping big really trying to reestablish ofoo! as a shining example what a successful silicon valley people thats like, choose to go would have no reason to leave. >> on to talk about the thinking innovation. yunnan must just unveiled the hyperloop. is set real or is he tried to make a point? >> i think it is both. has shown time and

again that the boundary for what is real for him is fuzzy. there is one then the world i would trust to take it from making a point to making a real. it would probably be him. is one of the world's biggest markets, expenditures. there will be innovation there. the thing that makes entrepreneurs special and what i aspire to do is just looking at problems that are massive, where most people would say we are not touching that. yunnan and his transportation projects in my own world, health touchpeople don't want to it because it is so crazy big. that is exactly why we want to go after. i just think he would do something and if he doesn't somebody will. crexendo to ask you one less question about your book which you wrote -- which you are going to write. you said you didn't end up

writing it because your views differ on innovation. what did you disagree on and could ever happen? the book is still in progress. kerry is finishing the book on his own at this point. the biggest -- i wouldn't call it so much a disagreement as priorities shifted in our lives, kerry's part in the book was written much intellectual analysis of how this country went from being clearly at the forefront of innovation 50s, 60s, 70s to a bit of a slump in the 80s and 90s. that analysis still holds relatively true. in the last few years in silicon valley, i felt less and less easy saying innovation is dying, innovation is dead, which i had said on the record a while ago. at this point, between my own projects and elon's projects in all the things i'm exposed to as an investor and advisor, it is not true anymore. paypallevchin,

glow. er and ceo ofglow ♪

>> you're watching bloomberg best were we focus on technology . i am emily chang. we went on the road to a number of top tech companies, including ebay. i sat down with john donahoe. we spoke about everything from how the company has doubled its revenue in the last five years to the introduction of same-day delivery service, ebay now. i even ordered a pair of gloves you in the service -- using the the show.ring i asked about his goals for same-day delivery. inwe have done this year is three cities, we have partnered with retailers so that when you wanta situation and you

something like today, you want those gloves, and you don't want now, youyou want them go to ebay now in the courier will have them for you within an hour. downloaded the app, there were only a few reviews. why not tell us how it's going? >> we are building a new experience. we have to get the spirits right. the consumers that are use it like a lot erie it up we think it is successful and we have gone from one market to three and three to five. we just bought a company called shuttle. they will help us expand to 25 cities across the u.s. headlines talking about delivery by drone. they are working on octave copiers. looking at long- term fantasies. we are looking at things will change the consumer experience today. >> you think it is a long-term fantasy?

>> we will see. >> google has a shopping service. do you think -- how you have an edge on that? >> we have 130 million active consumers. paypal which makes payments easy and safe. we start with an enormous advantage of an ecosystem and a willingness to partner with retailers, not compete. there will be people trying different innovations. ours is on delivering a great experience to consumers of here and in the world -- around the world. googleswe talk about moo shots, are they important? important to have a moonshot mentality? >> bold innovation is important. around commerce. the notion of making a storefront window a touchscreen, that is a bold innovation.

the notion of saying you can get it delivered -- roddick delivered to an hour, that is a bold innovation. what we were doing in mobile is a bold innovation. we will do $20 billion in mobile commerce this year. i having those moon shots be be very they can important. >> paypal is 42% of your revenue, when does it become the majority? >> it is only a couple of years out. what is great about paypal is a conserve the entire commerce market. what paypal is doing is helping making payments safe and easy. we are the clear leader in mobile payments. now we are getting pulled in the off-line world. people like to shop, no one wants to really pay. paypal makes it easy to shop and making the payments just a frictionless experience. >> you bought braintree.

what is a strategy going to be for next year? will it be more small acquisitions? will it be bigger bets? >> braintree is a great example of what we were talking about. uber.ered up you are shopping in not paying. braintree powers those examples. it will continue to grow. we will bring the same principles in the off-line world. announced, -- beacon, which we announced, i had my mobile foam and walked into starbucks. walked into that i starbucks. when i got to the front of the line, the barista had my name on the cash register. she said, john would you like to register? she pressed click and i got a text from my mobile.

>> what about china? alibaba just processed $5.7 billion in sales in a single day . had you get in on that action? >> we have a strong export business in china. we enable chinese sellers to reach consumers all over the world. will do $6 billion to $7 billion in volume of chinese sellers selling on ebay and reaching consumers all over the world. there not competing in domestic market. we will look at that over the next many years. >> that was john donahoe as part of our special inside ebay. we also went inside linkedin. maintainingut growth and adding more users. that is ahead.

>> this is bloomberg west, i am emily chang. in 2000 13, bloomberg west want on the road to the headquarters of linkedin for an inside special. cory johnson spoke with the man behind some of the companies most recent milestone, hosting president obama, and reaching 225 million members. aboutasked jeff weiner what challenges existed. >> the challenges are similar now. .e need to be focused it is so easy to be distracted by the opportunities you have. is like hypergrowth putting a rocket and space. if you are off by inches you can be off by miles in orbit. understanding what you are about

and being true to that, making sure you have a firm foundation and have the right team, you have to have the right infrastructure. that has made huge different fronts -- difference for us. company was going through fits and starts. the growth continues. how is that managing a challenge ? speed, itgard to the is making sure you are prepared for the variables. it is a dynamic environment. you have to be coupled with change. you have to be coupled with change. we talk about focus a lot. we created an aqua tim -- acronym. fcs. factors have a lot

to do with us being able to traverse that kind of speed. >> you do regular tom hall meetings. open communication is so important. notion ofack to this managing speed. the more optics we can provide to our employees, not only what is working but what is not working, the better we can come together to improve the things that need to be improved upon or to learn the things that are working and continue to invest in share that across all 26 cities we operated around the world. >> you're a public company. i see employees with boxes next to the desk, it means they are growing so much that they're moving from dust the desk. it is hard to maintain a culture that way. not thetimers are center of things. how do you maintain that? >> this building is brand-new.

we do have people taking on new space. it begins with culture and values. time andut taking investing in our culture and values in defining what they mean. personality of our work environment. and that element of aspiration gives you her mission to dream of that about the kind of organization you want to build. values of the operating principles to make decisions. once you understand those elements, your organization, you have to hire against it and develop against it. it is all about the leadership manifested it day in and day out. it is not enough to put on the walls. >> what is this place like? what is it like to work here? >> the first were the comes to mind is transformation. it is a cultural transformation.

thehink about transforming trajectory of our employees careers. we think about transforming the company and realizing the platforming. we think about transforming the world. how do you organize your day? -- i try to break it down across two dimensions. one is coaching our people and making sure we can get the best of our people. we don't want them to just solve problems, they will need to cascade how to solve those problems for their teams. coaching is a big part of it. thinking proactively a strategically is another part. growing amagine company. >> how you break out time for that? ago, i feltears

like i was back in my heels with the schedule. there were so many things i had to deal with. you need time to catch her breath. you need to think proactively. we do sit down and understand what is motivating people. that takes so much time. i started having buffers in my schedule. you will see in my calendar a gray spots. it is not a mistake. i am blocking out two hours a and 60 minute blocks, so i can think and get my stuff right. >> that was jeff weiner with cory johnson. has driverless cars. what is a big thing they are working on? that is still to come on bloomberg west.

>> welcome back. i'm emily chang. this is bloomberg best -- west on bloomberg television. it is always important to be thinking about the next big thing. as we ask some of the top minds in technology at this years summit in half moon bay, california. he is the google fellow known for working on a driverless car. he cofounded and education start up. them forn with inclusive conversation. >> i want to start with the google car. we drove around at a few years ago. give us an idea of how it is going. >> is going great. of five years with no accident.

it drives better than a human driver. >> when are these going to be on the road? -- when can ie? buy one? it will be less than five years. >> let us talk about innovation. has a wireuy who into engineers and designers and aspiring entrepreneurs. you are a big thinker. how did you think the innovation is that we are seeing in the ecosystem? are you disappointed in it? is it to social and mobile? are entrepreneurs thinking big enough? >> i am proud to be an american at this point. not everything satisfies me. there is a lot of great stuff going on. forke to bring innovation

incremental work to world changing ideas. lu, he wants to defend the world from an asteroid attack. changing the medical field and medical science, changing transportation, these are big things and i am proud we can do them. founded tesla and paypal, he makes entrepreneurs feel like they're not thinking big enough. do you disagree with them on that? >> i think most of us are not thinking big enough. we are thinking logically. is first personal reasoning a college education should not cost $50,000. you should monitor yourself before you need to go to a doctor. there are so many things that need to change.

>> should entrepreneurs be focused on the internet or other industries? like energy, education, space? >> yes. there are big topics that need our attention. there are big things we can solve. the really great entrepreneurs go out with something new that people think at the time is crazy. all of a sudden it becomes commonplace. it becomes possible. there is a utility for them. worse -- where someone has never gone before. >> you want to bring higher education to the masses. how is that going? remind our audience what it is you do. startwere the first to online classes. we had 160,000 students. that we hadf

credits. that is the barrier that exists. it puts you from a french product into the main -- fringe product into the mainstream. is a top-notch university. it is a computer science degree. costs about $6,000. high, weas become so leave kids with $100,000 worth of debt. kids are afraid of starting a family because of debt. >> you went to stanford. of also know the value higher education from an established institution like stanford. how you balance that? look at institution like stanford, they are wonderful institutions but they are small.

there by choice very small. if you're small you can do things. is scale.ssing our students would make it to stanford. they would be left out. reaching people that would be left out of high-profile education can change the world. >> sebastian draughn at her next big thing summit. highlight wase seeing how tech can help the paralyzed walk again. we will see that next on bloomberg west.

>> this is bloomberg west, i'm emily chang. another highlight from our next big thing summit was seeing how technology can make the impossible possible. xo bionics makes a robotic suit that helps paralyzed patients walk again. it is been on the market for over a year. it is rebuild dated patients. i spoke with their ambassador. he is paralyzed himself. here he is, demonstrated how it works. >> legacy what you can do. you're all suited up. how does it work? >> are you ready? >> yes.

>> there you are. how does it feel? >> it always feels good to stand . it feels fantastic. i feel connected again, when i'm standing upright. >> how long does it take before you can take a step? >> i am ready to go. >> i want to see this in action. one foot in front of the other, that is amazing. when you first did this, went through your head? is howfirst thing important it is to connect with the world that i level. -- i level. level.

when you're in a chair, you are looking up. it is extreme important. the other thing you notice is how comfortable and stable you feel in the device. there was a. of time or you find your balance again. your relearning to walk. it feels good. sense a vibration through my legs when i am walking. mehelps and that helps regain a sense of balance again. >> what is something you have not been able to do yet? the dream is over my left shoulder, to play golf again one day. for everyday use, just being able to walk around and go upstairs, go around my home and keep my body in shape. right now it is for rehab

purposes only. that is extremely important, just as you might go to a gym i would use this device to stay in shape. >> how long before you can play a round of golf? >> i do think that long. at the pace of this technology. he was demonstrating how technology can make a man walk again. oft does it for the best bloomberg west. even watch bloomberg west monday through friday. you can always catch bloomberg television streaming on your phone, tablet, and bloomberg.com.

>> the following is a paid program. >> hello and welcome to the smart medicine show. we have a great show today. if you have pain or know someone who has pain, joint pain or back pain or if you suffer from rthritis or