captioning made possible by bloomberg television] >> live from pier 3 in san francisco, welcome to the late edition of "bloomberg west" where we cover the global technology and media companies reshaping our world. i'm emily chang. our focus is on energy, technology and future of business. i want to get straight to the lead, google is selling its motorola handset business less than two years after buying it. they agreed to sell it to lenovo for just unders about 3 billion. remember, google bought motorola mobility in 2012 for $12.4

billion. it already sold the set top box business and will keep most of the peatants but hardware, some 2,000 patents and trademark portfolio going to lenovo. first new phone to come out of the deal was moto x that came out last year. has not been a big hit. multiple price cuts. meantime lenovo is on major acquisition spree, making this deal just days after buying ibm's low server business. the deal does still need to be approved in the u.s. and china. google's c.e.o. said in a blog post, this will enable google to devote our energy to drive innovation across the android ecosystem for the benefit of smart phone users everywhere. on a side note, this does not signal a larger shift for our other hardware efforts. .e.o. and founder of tech- economy joins us from new york. and brad is here from us in the studio. is google trying too hard to be apple? >> yes and no. no in that the deal in 2012

primarily happened because of interlech chull property. tons of litigation, threatened litigation in the android world. >> they wanted the patents. >> and they wants to quell motorola. at the time motorola's c.e.o. is making noise about potential slilling them to other players, maybe suing google, maybe looking at windows mobile. in that -- you know, in that dimension, the acquisition was a success but they also really had some big hardware dreams for motorola. they brought dennis woodside, longtime executive to run it, hired the head of darpa and brought her into motorola. phones were interesting but it never achieved the promise they had for it. >> speaking of dennis woodside, i know you have spoken to him many, many times. any indication this was in the cards? >> i don't think so. obviously now it looks like this was the obvious move. but as you listened to him talk about the value of this business as part of google, which, of course, you're going to spread

that message until you decide you don't want to own the business or find someone to buy it, it did make some sense. obviously, it was a little tricky in the sense google through android has so many partners and doesn't want to get any too angry at the sense this is part of the google business. but we spoke in january most recently at the consumer electronics show. the moto x and moto g, the lower-priced device, they're trying to have sort of a very small lineup of phones where they can really help rebuild the brand. here's a little more of what he had to say at the time -- >> we are trying to build a global brand around moto. and motorola was known as a leader in future phoneses but didn't have global brand that could compete with galaxy and iphone. we're only five months in. we're seeing moto x stand for really high-quality, experience device in android, easy, intuitive android device compared to some of the our competitors.

>> i think you can make the argument, emily, the google team that went to motorola to help turn motorola what it is now has actually helped to make it an attractive enough business this the folks at lenovo would be interested in it. >> jon, do we know where dennis woodside is going? >> he was -- they were just asked that on "the call." lenovo executives said that woodside and senior executives from motorola mobility team would be going to lenovo. they were also asked questions about what happens to the operations of the headquarters in illinois and obviously their manufacturing at least putting time pieces of the phones together at a plant in the united states. they got questions on those, which they kind of dodge but they're trying to say hey, we understand this is an american business. and we're buying an american business and we're not looking to make it smaller. >> all right, jon, now david, obviously, this google is pushing the gas in terms of hardware in other areas when it

comes to google glass, when it comes to the rowboatics company that they bought and nest. where does this leave google now? what is google? >> i still think google -- motorola was the first big statement they made about hardware. a lot of people raised their eyebrows at the time but now this is conventional wisdom. google is a hardware company as well as search company and bunch of other things. so i think they are the g.e. of the 21st century is kind of the way i'm increasingly thinking about them. they are a multibusiness line, software company. where they're basically taking software and applying it across the economy, across our lives in some cases they will deliver it in hardware. in many cases they will deliver in software, over the internet as service business. i think thr really thinking big picture about how software and processing power and intelligence can improve the lives of people all over the world. and that's sort of driving their

big-picture thinking. i just see this as -- don't see this as a huge deal for them. it's a little embarrassing to sell it for this kind of money but their fundamental momentum as hardware company is untroubled by this. >> in how times have changed now that nest is more expensive than motorola's handset business. brad, you have been inside google x, where they came up with google glass. they're now designing fashionable frames for google glass inhouse, inhouse at google. can google do all of these things well? >> sure, of course they can. the difference with phones though is that google is primarily a platform operator, right? it's the administrator of android. the two worst words in this business are unfortunately, i will have to say them, channel conflicts. and google has to be this equitable partner to samsung and china and l.g. -- >> and they just did sign a patent licensing deal with samsung. >> my sense was with motorola, which was creating friction in

android world. they were seeing privileging themselves versus all of these other players. in other spaces, driveable cars, wearables, nest, they don't have to be as equitable. these are their niv tives. they can control them. they don't have to worry about other partners. >> brad stone of bloomberg business week, jonner lickman in l.a., we will talk about facebook after the quick break. the social network is about to turn 10 years old. what it will look like 10 years from now? we will talk about that coming up.

>> welcome back to "bloomberg west." i'm emily chang. facebook showing solid growth. fourth quarter revenue up 62% to $2.6 billion. profit zoomed 713% to $250 million. and mobile ad revenue is growing, hitting $1.25 billion in the quarter becoming the majority of ad revenue overall. this as facebook is set to

celebrate its 10-year anniversary next week. top c.e.o. mark zuckerberg discussed at the open compute project yesterday. take a listen. >> i have been reflecting a lot of the first 10 years of facebook. one of the things that i remember from really early on, i had my -- one of my friends i used to do most of my computer science problems with when i was in school. now he works at facebook and runs a bunch of our engineering team. and i remember right after releasing the first version of facebook at harvard, we had this conversation where it was like it's awesome that now there's this utility and community at our school, but clearly someday someone is going to build this for the world. it didn't even occur to me that it could be us. >> to discuss facebook now and facebook's future, we've got a special facebook round table. david kir patrick still with us, author of "the facebook effect," nick thomp sop, editor of "the new yorker" in new york and

contributing bloomberg editors, both of them, and sarah, what stands out for you in terms of the headline numbers today? >> the most interesting thing is facebook blew everyone away on both earnings and revenue and making mobile majority of their ad revenue. >> right, 53%. >> they didn't even have this business when they i.p.o.'d and this is really book. one thing that's interesting is all of the fear from last quarter, facebook saying they would limit the number of newsfeed ads, they did limit the number but tried to increase quality of the ads and actually ended up charging more for them. they charged 92% more for ad this quarter than this time lft year. >> interesting. david, what do you make of that? this 53% number. everybody was talking about how that number was zero when they went public. does this mean they have mobile figured out? given some of the trends sarah was mentioning. >> don't think you ever want to say somebody has something like

this figured out but they now talk about themselves unequivocally as mobile company. mark used that term on the call just now. that's a relentless message they're making. all of the innovation is focused on mobile. to me the big picture you take away from this announcement today of their earnings is they were really beginning the ramp to fulfill their potential as one of the fundamental new communications platforms of the planet. i think they actually in some ways are playing a role like e-mail plays except they are one company. this one company owned e-mail and now you have this incredible communications platform globally with all of this personal data and they're figuring out how to make money off of it and the upside of that i have to say i think is really huge now that they have shown they can convert it to a mobile business, which is where we're all looking at this stuff now. >> they now have 945 million mobile monthly active users. however, growth in that number

is actually slowing down. nick, you know, what about saturation? obviously, facebook is global. we all know that. but how many more people are actually going to sign up? >> that's one of the more interesting things. if you look at the charts that came out of this earnings call, everything seemings to be going way up, way up, except when you look at the number of users and there it's kind of just going up by a little bit. obviously, a lot 0 of people in the world don't have the internet. they will get the internet. some percentage will use facebook. it's unlikely growth will accelerate from this point. in the last earnings call facebook's big mistake was to say they were almost saturated in the t market. it seems like they're getting more to the point where they're saturated in the entire market. but that's not to say they have a bleak financial future because they're able to get more and more money out of each user and they're showing their able to go with the trends and companies being managed well to take advantage of mobile. growth won't be huge but numbers could still be huge. >> there's still a 10 million, 20 million, 30 million a quarter, that's still fairly

significant numbers. they have this big initiative internet.org they helped form with ericsson and qualcomm and others to help improve the ability of broadband -- equivalent to broad band communication for people with feature phones in the developing world. as they improve technology through that initiative, i think they will increase the numbers. those are people who live in countries where there isn't really mature advertising market. so the revenue and profit implications will not be very significant in the early years. but they're positioning themselves like zuckerberg always has for the long term to be global service. they're still thinking in terms of multibillions of customers, regardless -- >> let's talk about -- >> 1.2 or 1.3 now. >> let's talk about mark zuckerberg's vision. obviously, he wants facebook to be bigger. we talked a lot about the teen problem, are kids these days going to want to use facebook? yesterday sarah and i were speaking with jose, who profiled

mark zuckerberg and he said facebook will be like our cable company or wireless character. it's not fun. it just is. we're all connected. what do you think of that idea? >> i think that's what mark zuckerberg to be, a utility. he doesn't want facebook to be cool. i think facebook learned their lessons mentioning teens in the last call. during this call they said they had no new data to report on teen engagement. so they're taking a step back from that issue or making it an issue. >> nick, facebook has come a long way in 10 years. what does the next 10 -- what do the next 10 years look like given that 10 years ago the landscape, competitive landscape was completely different? now there's twitter, instagram, well, they own instagram, snapchat. what do the next 10 years for facebook look like? >> obviously rs it's hard to project out 10 years. the difficult scenario for facebook is jose vargas' description is basically true and we all get kind of bored by

it. it seems less fun. that is true of people using it a long time. a lot of enthusiasm is declining. you can see facebook becoming ubiquitous service we don't really like and then it makes it harder for the company to hire people and becomes a boring old utility company. zuckerberg believes that's not true it will unite people around the world. what is certainly the case they built an entire lair to the internet and everything that gets developed online from here on out interacts with facebook in some way. you see this in the news business where i work, traffic comes from facebook that.s0 will be the case. people who build things in the future have to learn to interact. so it will become an essential valve for all of this stuff. >> so are the next 10 years for facebook users going to be bore, david? what do you think of that idea? >> that isn't something that they fear. going back to my analogy earlier, e-mail is not cool. but it's pretty central to the way we ull live our -- all live our lives. if one company were to control it, think of how powerful that

company would be. that's the kind of scenario one might reasonably consider looking out 10 years but looking out that far in technology is completely impossible for me. five years may be a little more reason. -- reasonable. but they continue to think about utility. they relentlessly repudiate cool and just want to be utility as we were discussing before and i think they're in a very good position, they have become that for many, many people on the planet now and as more people come online as i said before, i think they're going to become it for more and more of them. >> facebook officially celebrates its 10th birthday next tuesday, february 4th. we will be covering it. bloomberg returning editors nicholas thompson and kirkpatrick in new york and sarah frier in san francisco. thank you all. up next -- we will meet the high school sophomore who exposed holes in snapchat security. that's next coming up.

>> this is "bloomberg west," i'm emily chang. last year high school sophomore graham smith discovered a security flaw in snapchat. he used the information he found to text a snapchat cofounder bobby murphy, urging him to take action, writing -- "hey, bobby, i fear you guys aren't taking me very seriously. tell micha to get on that

patch." graham smith, 16-year-old independent security researcher, joins me from dallas. graham, you basically got bobby's phone number by hacking into snapchat's system, right? >> basically. what i did is i took, you know, variant form of the act that the security firm made and use td to search a range of 100 phone numbers until i found which one matched his user name. >> so how did bobby respond? >> he was actually very polite. he wanted me to drop him a line at his snapchat e-mail and give him all of the details. >> now, this vulnerability that you exposed, i understand relates to the big story earlier this year when people's phone numbers and e-mails ended up online and snapchat moved too slowly to do something about it. tell us how it relates to that. >> so that big story is actually

exactly what my -- i guess you can call it a hack, works off of. whatdy was took the hack that had already been written by that company or security firm, i guess, and i rewrote it so that it went around any changes that snapchat had made following the 4.6 million phone numbers that were leaked alongside their user names. >> so basically the fix they made wasn't secure enough, right? >> correct. >> so how is it now? have they fixed it? >> so what they have done since then is they made it harder to make requests to find friends. they added a new form of capture, to validate you're a human and find a ghost. and they also forced users to verify phone numbers before using the find friends service. >> could you still get in if wanted to? >> given what they have now, i could still get in if i wanted

to. >> does that mean there's still a problem? sounds to me like there's a problem. >> currently there is still a problem. i have chosen to not release the code that i have written to do it because i'm afraid that it might be used again. it's a lot slower of a process to get phone numbers now, which is a good thing. but i think that the changes they have planned to make will be a lot better. >> ok. so they have changes coming down the pike, and they have told you this? >> they told me that there are changes coming soon. i'm not particularly sure what. but i'm confident that given the recent news, they're going to take it very seriously. >> so right now, bobby -- excuse me, graham, how would you say that snapchat security compares to facebook, to twitter, to g-mail? >> i would say it's, you know, it doesn't compare very well.

because snapchat only has a team of a few people. so compared to teams of, you know, like possibly hundreds of companies at twitter and google and facebook, it's, you know, it's just a start-up. >> are you still in conversation with them? i understand they actually interviewed you for a job. >> i still communicate with them. but it's definitely still a down since i have been breaking news, i guess. >> so what is your next project? what are you going to try to hack next? >> i'm going to stick with snapchat a little and just look into the changes that they implement in the future. but mostly i'm going to look into fun things that my friends suggest. because i do it for the hobby really. >> graham smith, keeping snapchat honest. thank you so much for telling us all about it. 16-year-old independent security researcher. well, he's the chairman of

yahoo!'s board and former c.o.o. of ebay. so he know what's a top executive should look like. maynard webb is with us for "office hours" next.

>> you're watching "bloomberg west," where we focus on technology and future of business. eem emily chang. top headlines, take another line out of the microsoft c.e.o. race. ericsson's hons vest berg told the board he has no plans to leave the company. vestberg was considered a candidate to replace steve balmer. mobile chip leader qualcomm reported 10% gain in first quarter revenue but profit dipped slightly. qualcomm is benefiting its more global consumers choose phones that use qualcomm technology to connect to high-speed networks. the company said the growth of l.t.e. in china could add to its revenue stream. nintendo is planning $1.2

billion share buyback as demand for consoles remain sluggish. the news comes just a few weeks after nintendo forecasted a surprise annual loss cutting sales projections for wii consul and saying it's considering a new business model. well, it's time now for our "office hour" segment with maynard webb. c.e.o. of live op, c.o.o. of ebay and sat on my boards including live op sales force and yahoo! he also founded a venture capital firl and start-up called everwise, focus on workplace membership. today's topic maynard, is what does the next-generation c.e.o. look like? what does the next-generation c.e.o. look like? i hope there are more women in there. >> that would be awesome and i happened to work with a couple women c.e.o. end zone so i'm a big fan of that. there are a lot of attributes that are the same as former c.e.o.'s, things like integrity and i would say that meg whitman was great at that and john

donahoe now at ebay is great at that. having great results. bennyhoff, off -- look what he's accomplished at seals force. inspiration is really important, having a big vision of where things are going to go. think of where steve jobs had at apple or what jeff baseous is doing with amazon -- bezos is doing at amazon. at the end of the day every c.e.o. historically going forward just plain has to work hard. and jeff with his 100-hour work weeks is probably the most famous for that. >> what's different about the c.e.o. of the next generation from the c.e.o. of, you know, when you were running ebay? >> i think that in this world that's gone social, mobile, cloud and that the consumer experience has changed so much that you really have to be much more visionary about where things are going and you have to be way more in tune with how fast everything is moving and

growing and evolving. i think richard branson in the way he runs his enterprises in a social way and mark bennyhoff and what he did in the cloud are examples of folks who get it and move very quickly. >> how do you balance having a great vision with having a great business? what about the numbers? >> you know what, having a great vision without great numbers is not that scalable. at the end of the day you have to make money or even if you don't make money, you have to grow a share and grow revenue. you can have a great vision and no execution and that's not -- it's not that appealing. >> we talked about the fact it's easier than ever to start your own business. is it easier than ever to be your own c.e.o.? i think some people might be worried the next-generation c.e.o. looks like evans deagle of snapchat who has, as some people say, made mistakes along the way, short way.

>> i don't know a c.e.o. who hasn't made mistakes along the way. the real issue is how fast do you learn from them, and how fast do you correct and go forward? i think a lot of our next-generation c.e.o.'s are going to be really entrepreneurial and inspiring the days of like just the good manager, professional manager probably are fading fast. i think the leaders have to be visionary. they have to be inspiring and by the way, the workforce is change drag matekly and people want to work with somebody with a great vision and today's workforce is different than yesterday's workforce. >> there's been a big debate over inequality after tom perkins, founder of kliner perkins venturep capital firm, wrote a letter to "the wall street journal" comparing the war on the 1% to the persecution of jews to nazi germany. he came on this show earlier this week and apologized for

using that analogy but did not apologize for the message and continues to see what he calls a dangerous divide between the 99% and 1%. you have been in the bay area a long time. i am sure you know about protests against google bosses in san francisco. what is the spoment of -- responsibility of c.e.o.'s and technology community to the local community? do they have a responsibility? >> i think it's big. and i think first of all, anybody that's a c.e.o. has to realize they're incredibly blessed and there are a lot of people that helped them on their journey and that when you get to the top of a company, you work really hard to get voted on to the team every day and you give back. i think mark bennyhoff is probably in this city a great example with his 1-1-1 model of somebody who lives, eats and breathes that every day. >> what is a 1-1-1 mod until >> 1%. when he created a sales force from the beginning he made sure there was a foundation where he

gave up 1% of his stock. he dedicated it to charity. dedicated 1% of employees' time, and also 1% of the software to help nonprofits. and it's been fascinating as he does reinforce every year, a lot of c.i.o.'s and big executives come in and they all assemble bikes for needy children. and i have done that a couple of times with them. that's what we should be doing, helping people around us. >> it's interesting. sales force is a very interesting model because he said we're not going to have free lunch here. i want you guys to spend your money on market street. you have other companies that have a lot of free perks, free lunch, free trips down to the peninsula. you know, i know that it's a war for talent and sometimes those perks attract new talent but how do c.e.o.'s balance that? >> i think perks are nice but not sufficient. i think the best thing you can do for your people is be the

place they grow the most. they learn the most and challenge the most and no matter how much free food they get, if they're not challenged or not learning, they're not going to stay with you. >> you have many, many portfolio companies. you see a c.e.o. that has a problem, how do you address it? a management problem? >> i try to help. judge. s not to one of the model -- one of the pieces of our model is we're here to help you. don't take board seats in the start-ups. i want to just provide advice and help. so when somebody is running into trouble and threach out, we just try to give them insight and advice and help them on their way. i think a lot of the c.e.o.'s actually have more runway and what you need to do is surround them with help so they can get to the next stage. >> bill campbell was famously steve jobs sort of executive coach, and then after reading nick felton's book about twitter, his approach with evan

williams, for example, was sort of like a lot of tough love. what's your approach? >> i would say my approach has evolved over 0 the years -- over the years and right now i spend a lot more of my time asking questions, helping people think about what can be painting a picture of success, have them get self-aware of what's there but it's not tough love as much as it is inspiration and coaching and painting a picture of what's possible. >> you think tough love is the wrong way to go about it? >> no, i think it depends. i had a lot of tough love growing up or i wouldn't be where i am. >> maynard webb, chairman of yahoo!, thank you for stopping by. i always love having this segment on the show. >> it's always nice to be with you, emily. >> thanks, maynard. with crowd fund-up startings getting a crowd of investors, to signed like indy gogo have room to grow?

>> welcome back to "bloomberg west." i'm emily chang. you can also catch our early show, 10:00 a.m. pacific, 1:00 p.m. eastern. when it comes to crowdfunding, kickstarter may be the first name that comes to mind but rival indiegogo raised $40 million from institutional vendor partners and kleiner perkins, how will this funding help kick the crowdfunding competition? the c.e.o. joins me here in the studio with more. it is a two-horserace and you are, i guess, in a two-horserace and littler guy. why should i bring my project indiegogo? >> since we launched industry in january 2008, we're the world's largest distributing money to 70 to 100 countries a week. why treat is -- we're the only platform bringing the crowd into crowdfunding. most of the platforms are having applications or judgment the. if you want humans to decide, go to the bank. if you want the crowd to decide, come to indiegogo. >> what do you mean, you have

crowds? >> there's no human that decides whether or not you get to be on indiegogo. >> there's no vetting process? >> imagine asking youtube if you're allowed to be on youtube. imagine asking google if you're allowed to be on google. that's what open is all about and we create the world's largest open funding platform in the world. >> there's been chackier things out there like a bluetooth necklace. do you worry some of the more outlandish things make you seem less legitimate? >> we have had crazy things from the first-ever crowd funded baby to vibrators on our site. really, it's a matter of what do we want crowd to decide or human judgment. we allowed the crowd to decide. the crowd can decide what they want to fund and if they don't want to fund it, it won't get funded. >> sometimes the crowd decides not to fund the uebuent yu edge smartphone, new york city opera. how do failures like that impact crowdfunding in general? how does that impact your site? it's a risk to put your idea out

there and if a lot of people don't succeed, then maybe more people won't come to the platform. >> so in terms of hitting their target or not, many of the campaigns do hit their target but even if they don't hit their target, it's incredible to get the feedback, validation, customer data, information. if you're actually speaking to mark shuttleworth, c.e.o. of the ubuntu campaign, i'm sure he will tell you it's a very, very successful campaign. >> new york city opera campaign didn't work out. it raises question -- >> i'm not sure which campaign you're referring to. >> i was told it had to do with the new york city opera. my point is organizations, can organizations raise money, crowd fund money, on these platforms? >> sure. we had a lot of examples of organizations, even big brands working to raise money. google partnered with us, phillips partnered with us. which is why we're so excited to be raising this $40 million from kleiner perkins and it's amazing to have john dore, obviously legend signed the valley, to be

part of this investment. so it's exciting days. >> where does crowdfunding go from here? your company's been around six years but has a lot of momentum just in the last few. >> i think this will go down as decade of funding actually. '80's was all about desktop computing. '90's, online commerce and 2000 about social and i think we're super early and decade of funding january 2014. i think you will see crowdfunding, equity crowdfunding, banking of the unbank, social credit score. it will be exciting. we won't even use the word crowdfunding ten years from now. it will be layered how cerebral note work is not a word anymore. >> what projects would you like to see more of? >> we like them all. we're open to absolutely positively anything. we distribute money to 70 to 100 countries a week. bring it. >> i appreciate your enthusiasm. indiegogo's c.e.o., thank you for joining us. from pro wrestling to state politics, now jesse "the body"

ventura is hosting his own show. we have him here next.

>> welcome back to "bloomberg west." i'm emily chang. jesse "the body" ventura has been actor, a wrestler, governor of minnesota and now he's hosting his own show. it was inestible, right? "off the grid" on aura tv. take a look. >> "duck dynasty," you won't catch me watching it. especially off the grid. i don't watch tv off the grid. even if i were on the grid, i wouldn't be watching that. >> they produce larry king's show, "larry king now" and "politicking." my partner jon ehrlichman and i spoke to jesse earlier via skype and asked him why he started shooting in an undisclosed location literally off the grid. >> first of all, how do you know i'm in mexico? the show is just "off the grid."

i'm off the grid somewhere in the world. we will change locations so that the drones don't find me, you know. when i work up in the united states, number one, they're kind of black balling me. nobody will let me on the air. and i had a view point of the united states from the inside looking out. well, i have been talking for a long time, nobody seems to be listening so now i'm taking the view point from the outside looking in. so that's why i'm off the grid now. >> i heard you talk about "duck dynasty," honey boo boo. what else are you going to be covering? >> that was one small little episode dealing with one little thing about what people are paying attention to. i will cover all of the political, i will be as political as i need to be. i cover sports. i can talk about anything i want. that's the great thing about my show now. don't have anybody in the back room hovering above me telling me what topics i have to deal with. it's all jesse ventura, i am responsible for everything on the show, all of the topics.

it's freedom you can't believe and i just feel that being off the grid, while i view the united states much the same as east berlin today with the lockdown, so i need to be radio-free europe. this is internet-free america with jesse ventura talking to the american people from outside the country, not in. >> jesse, this is jon ehrlichman. this is a platform larry king is also using. this is a business that is backed by a very wealthy person, billionaire carlos slim. how involved is he getting in this? what have you learned on what he thinks about the future of tv and broadcasting? >> i have not even met him. i just know him as the owner of the company. i have never met him at all. i don't anticipate meeting him any time near soon because he would have to find me. i'm off the grid, like i said. we will be going from multiple locations, no one will ever know where the broadcasts are actually coming from. it's kind.

genre i'm taking from the old wolfman jack when i was a teenager and all of us teenagers knew he was broadcasting from somewhere but we didn't know where. >> but you did get an idea of what this platform would be like from larry king, did you not? >> well, larry was the one that introduced me to the aura.tv people. i was on a book tour and larry was on my schedule. and i had not paid attention. and i thought he just retired from cnn. i said larry, what are you doing? he said i'm on the internet now. this is where you need to be, governor. and he was exactly right. ora.tv got together with my people and we worked out the contract and i told them that i was leaving and going off the grid and they said that won't be a problem. in fact, that will end up being the show. jesse ventura, "off the grid." and one reason i like being off the grid, i'm not dependant upon any government for my electricity or my power or anything like that. i'm completely independent.

and that's what's great about being off the grid. >> former minnesota governor, jesse ventura and our jonner lickman. turning now to our partnership with george washington university planet forward, which seeks out innovative ideas to help our environment, ethanol and bio fuels have been criticized for wasting food to create energy. a montana state university scientist said he can put an end to that with a competing biofuel using plant waste. frank sesno has more. >> here's an idea from our friends at the national science foundation, research they're working on, on fungi fuel, bio diesel that does not come from anything you find on your plate. scientist gary stroble spent 50 years traxing the world studying microorganism that's live inside plants. enhis team at money the state university think these guys had a big part in making fossil fuels. a new theory that could change the way we think about oil. >> at least some of the

ingredients of crude oil can be instantaneously, like a matter of days or few weeks. not 100 million years. >> best of all -- >> they grow in waste. we don't need refind sugar or starch or corn. >> stroble and engineer eric boothe simulate a forest making fossil fuels and call it a biosphere. >> it's given oxygen like a forest and water and it's allowed to circulate much like we envision temporary rain forest from 100 million years ago. >> the fungus breaks down the plant material into hydrocarbons found in diesel. hydrocarbons are trapped in layers of shale. they drain and dry it and heat it in the oven, releasing the fuel as a gas and cooling it with liquid nitrogen. >> the gas has condensed to a liquid and these are the hydrocarbons in one of our tests. >> promising but not yet here.

stroble needs a few more years find out how to increase his yield. if successful though, this expensive experiment could lead to clean fuel at a small price. >> all we need is a little handful of plants. >> true innovation that would speed up nature. turn fungus to fuel. and leave a better taste in everyone's mouth as we try to move the planet forward. for planet forward, i'm frank sesno. >> and if you have an idea you would like to submit, visit planetforward.org. for more environmental and sustainability news, check out bloomberg.com/sustainability. it is time now for the one number that tells a whole lot. jon is in l.a. what do you got? >> emily, 11.48% is the bite a cording to i.d.c., which tracks just about everything, lenovo's market share in china for smartphones was 11.8%, as the third quarter of last year. pretty amazing considering they only been making phones a few years. there are a lot of companies in china we don't speak as much

about compared to say apple or even samsung that have been very successful in that market and obviously lenovo will take a stab at the u.s. market with the purchase for motorola business. >> right. samsung, the giant there, apple trying to increase market share. motorola though i was just thinking, jon, when this deal was announced, how far they have fallen. remember when the razor was the big thing? you were cool if you had a razor phone? >> you mention a raise are now, people will try to shave with it. you're right. they have reinvented themselves and come out with -- i think what's interesting they're saying let's make a few phones that have the moto x and moto g, which actually are different strategy than what we see from lenovo in china, right? dozens of models and you see that from all of the big fast-growing companies there. so it is still kind of a different way of approaching it. see how it happens when they bring these two companies together. >> just gos to show how fast technology can change everything. jonner lickman, and thank you

all for watching this edition of the show. see you all tomorrow. >> welcome to "lunch money,"

where we tie together the best stories, interviews, and business news. in company, the un-super mario. nintendo profit plunges. jon tisch shows us how to make a super bowl super. the u.s. grounds drones. in wild card, how to build a subway. 11 stories beneath new york's 2nd avenue. game day -- the airstrip in new jersey servicing private jets is