>> welcome to "bloomberg west pico first to check on your top headlines. a landmark climate change agreement between the u.s. and china. they have agreed to cap greenhouse gases for the first time and president obama is, sink deeper reductions. >> it is good for the united states, china, and the world. the continuinges rise of china that is peaceful,

prosperous, and stable. don't just welcome it. we supported. >> responsible for almost 40% of the gases linked with global warming. at&t is delaying plans to expand broadband infrastructure in 100 u.s. cities. stephenson says this has become the uncertainty surrounding net neutrality with the fcc still debating open internet rules. stephenson says at&t cannot make these investments without knowing what kind of rules we will govern under. radioshack backtracks on its plan to be open all day on thanksgiving. the electronics retailer plans to open from 8 a.m. until midnight. will now close between noon and 5:00 p.m. after an outcry from employees. radioshack is trying anything it can to pump up sales after posting 10 straight quarterly

losses. now to our lead. twitter is hosting its first ever analyst day as a public company ceo is pitching his latest plan to investors wary of declining music growth and a revolving door in the top ranks. some of the key announcements, twitter is unveiling an instant timeline feature so you can see what is going on on twitter without having to figure out what is going on first. it says twitter is now measuring impressions from syndication partners, announcing it has about 185 billion of those impressions every quarter. improve searcho moving into consumer video. that company says it has 500 million users who visit the site every month. the studio, here in we have been following this. talking about these users, a lot of people are wondering how many there are, how do they monetize

them, and he has given us the number. 500 million, almost twice as much as the number of users, 284 music -- 284 million. >> 500 million is probably not the same number anyway. if there are too many zeros, the number is fake. it is the number we might not regularly get. what they're trying to say here audience istwitter bigger than the 20 -- the twitter audience. they may not be members of twitter and may never become members. they are trying to give an indication without having the numbers to back it up. >> that is why the instant timeline feature is so important. twitter is confusing. you get to the site and you don't know what to do and do not know what to follow. they introduced an entire -- an instant timeline feature without having to llow people first,

you can see what people are talking about. >> running twitter, you get people talking about joining an open room. ms. instant thing that they will not necessarily have, but that does take a dash away from the possibility of the consent that the contextualization of the -- contextualization of yet. what you're, no getting to buy what they follow. the ring off automatic twitter feeds for people, they will not know much about the users until they curate their own timeline. that is when it becomes a lot more valuable. >> i wonder how much favor -- of a problem it seems to these. it is on the user growth side that there are a lot of questions. >> outputted differently. they have had a lot of success in growing that. i think they wanted to grow. as the user growth slows down,

monetization growth becomes important. >> things you want from twitter? saide cali before the show some things he wants from twitter. i said, what if you have a ring, or where i have different types of people i follow. so sort of categories of people. said, what about lists and i said, what is lists? i'm on twitter all the time. problem withe twitter. there are all these rules people do not know about. people who follow us can see what we're talking about. some things i would like, better search, obviously. no more usernames. i hate usernames. by our we be identified

actual names and descriptions? even if you could just edit a tweet and they gave you 60 seconds to fix a typo or something, i really appreciate that. >> they have got interesting product challenges they are starting to face their it showing some of that work with an effort to boost their shareholders. >> we will bring you any updates as they happen. thank you. we reached a tipping point between the battle between using services like spotify. careless with escalated the fight when she pulled her out once off spotify, calling it a grand experiment and blaming streaming services for declining album sales. one of country music buses biggest stars follow suit, pulling his album off spotify. can these moves do anything to

slow down music moves? keith, and we should add hama the chief executive of spotify said taylor swift was on track to make $6 million on spotify this year. are the rules shortsighted or are they understandable? uniqueink she is in a position as an artist. she is able to see spotify and see there is a loud voice for them to get -- for them to occur. that model has got to consider what is really happening notches on the downloads, but also what happens -- >> keith, are the artists really upset at spotify and the inability to get revenue from spotify? spotify says it is paying the labels, but some of the artist say they're not getting enough money. >> throughout history, artists have not always got enough money.

the challenge right now is that we have always had a technological ability to really get down to who is doing what. it really should come back to them more. think the ceo of spotify with piracystakes versus their service. young people we are talking to are not used to being called pirates. this is music and they did not grow up with a lot of stuff. they grew in the age of napster and downloading music and getting music there to go ahead and call them pirates is not really saying it correctly. at the same time, you have artists like tailors left who are powerful and transcend all of pop culture, where people will go and buy fiscal goods. that changes what your manager is taking advantage of. >> a guy we used to work with, quincy jones, is also out there, thank spotify is not the enemy and piracy is.

yourde of what you call customer, is that the issue and is that the alternative to piracy? >> note. you think about radio, it has been going on forever. that is not piracy. back in the day when you grew up, you used to record things right on cassette. the issue is right now, you has a service like spotify that makes a good amount of money. they have done a great job growing 50 million users over 13 million subscribers who pay $120 a year. how is it proportions directly to artists? taylor swift is one of those artists. one of the few artists that can really do that in a powerful way. can you imagine a hybrid model

in the same way. i will not allow myself to play on pandora. some artists say, look, i want to embrace it. ago, we gotof weeks together with a number of managers, including the gentleman you just mentioned. a company called maverick. what they will be able to do from there, they will have more leverage when they have these discussions. in those discussions, they will discuss things like different types of payments and promotional things that allow these types of artists that have on a more equitable basis than some of the things going on with streaming. streaming is here to stay. it is clearly the future will -- the future. how'd you go back and make your business model work for artists

and reward them for the work they put in? and also, it allows the up-and-coming to have fair access to being able to find a way to keep -- to create a hit out of nowhere and make it go. >> taylors are sold upwards of 1.2, most 1.3 million copies of her latest album, which you had to buy a target for $13. all of that just from sales at target. it seems to have worked out for her. this conversation is obviously far from over. thank you for weighing in today. check this out. europe's space agency makes history by landing a spacecraft on the surface of a speeding comment. what does it mean for the future of space exploration? that is next. ♪

>> welcome back.

i'm emily chang. scientists made history on the service of a speeding comment 300 million miles from earth. death aious attempt to decade in the making. they will start gathering data by taking pictures, drilling into the comment, and sampling chemicals, and more. how groundbreaking is this? joining me from skype, the chief engineer. cory is still with me as well. how difficult is this question mark everything, even earth, is moving in space. how hard is this to do? >> difficulty cannot be overstated. this is an extremely citing day and the european space agency, with the rosetta stone scratch, just accomplish an extra 90 feet. it is still playing out. its way to the surface of a comment only hours ago. it is right in the middle of returning its first data. >> look kind of data are you

looking for? what will teach you about what you're trying to do? time ins is the first history we have actually had something designed to go down to the service of one of these small bodies and really study its service. from planetary resources, we are interested in the resources of race, particularly things like hydrogen and oxygen. that is where, to get details from. what it will actually be uncovering is just what is a common made out of and what is the structure? what is the surface like? today, we're seeing the real thing playing live out this morning. >> this was done by the european space agency. what about nasa? should we be concerned nasa did not do this? ofnasa actually has a number incidents on the spacecraft orbiting the comment. but europe, the european space

agency, does get most of the .redit for the success nasa's plans also include going to two asteroids in the future. they will rendezvous an asteroid just next year and also returning a sample from one. it is not just the u.s. either. agency, the space russians, even the chinese just returned a mock commission from the moon. space exploration and understanding the soces of is really growing to be more than just a united its effort. what we are excited about is more than just a government effort. that point, an explosion on the one fed, i was shocked to read the next day that you have something in that spaceship that did not make it. talk about what kind of a setback that was for you and where land tori -- planetary research is right now on that?

>> the spacecraft fleet built, a prototype of what we're are doing for asteroid processing technology, what on that rocket that didn't make it this far, for us, it is disappointing, but it is really part of the game. he's things happen and if you do not plan them, you do not know the business. we are already scheduled with our next phase kraft and our next watch, 10 months from now. >> all right. spacex landing on a speeding comment today. thank you so much for joining us. the no joke. will ferrell's funny or die is facing new -- money in possible sales. who might buy the website next. ♪

chris-. welcome. my guest today is bradley pitts. thank you for joining me. how old were you when you lost your virginity. zero? i will tell you when i lost mine. >> would now like to hear that. [laughter] classes is the first time i've seen this. it is just so funny. you do not even have to hear what they say. it is just so funny. >> there is a moment where he asks if he has trouble keeping a 10 and he says lie and he says, because you live in your life shadow. is, funny ors it die is getting serious, hiring a financial advisor to evaluate

its operant -- is options. -- it's options. joining us now via skype, the funny or die cofounder is now the ceo at wtf studios. thank you so much for joining us. of funny or die looking for a sale? what does it say about the evolution of the business? >> i think it is very significant. it is one of two youtube content places on the web. 2006, markrted in came to me and said, i really think there ought to be a comedy set on the web. his son is an aspiring comic and said, we should do that. we said, that is great. we can create it but we need the content. we reached out to michael and he placed us in touch with gary sanchez productions, will ferrell, adam

shea, and they were open to the idea. we set it up and shot a few videos and in april 2007, we launched it. we did not go on youtube. wesent out 10 e-mails and put that film up, the landlord, will, the lamb lord being a three-year-old girl. adam's daughter. we thought, people will watch it. amazingly, three days later, we were getting 300 million video views in a day. that is the cause of the hard work of a lot of people. incredible. >> we were looking at the video, 10 hours of the man in new york walking around. possible buyers are here? >> i could not comment on it. i was on the board of directors until last year. i stepped down because i started another common he company, more

of an urban comedy company with a few of the wayans brothers. i am not privy to the negotiations, but i think there are a lot of people who would buy them. >> is there a notion this is the direction of the company? a very big site with a lot of contributors and content, and that it would stand alone? >> i think they just wanted to build something to entertain people there at i think they hired on andrew, the head writer at saturday night live, and mike, doing a lot of production. tick has been amazing over the last several years building the company into something big. i do not think it was ever thought we were just building it to sell it. it was thought we would create a destination site that is comedy and has people like zach, who is amazingly funny. we get to a point now where they are producing tv shows and

commercials, and it has basically become hollywood 2.0. it is the next generation of what is happening in hollywood. >> the best asset they have is they have the ability to do click turnaround, top will comedies, that they can produce something like a man wandering around in new york city, even the next day after the viral video hits. a large staff, a tech staff up in silicon valley and down here in hollywood, they have all the staff, and they are really the go to place for people who want to go out and build some brand. at theirs they have brand, funny or die, it is all the people who are there who are able to do the things no one seems to be able to do. >> all right. the funny or die cofounder. how thisatch to see

plays out. funny or die is apparently up for sale. with a company like google to deploy robots, i talked with steve. a great interview you do not want to see coming up. -- you do not want to miss coming up. ♪

question of an all over the world to give our audience an exclusive look at the technologies and innovations set livespe and disrupt their and be different. today, we're talking about jones. airbus developing a high altitude, solar powered drone that can stay up in the air for a long time. it can deliver wireless service where powers are too hard or too expensive to maintain. this is the year ahead. mythology, it was

the god of light wind. today, a modern one glides through the skies. question it is a solar powered aircraft and it is like and it flies a high altitude above. >> it is more than just an aircraft. it is a high-altitude pseudo-satellite system. do what it can do from 250 miles away there but we are so much closer. question additional satellites order -- orbit hundreds of thousands of miles away and are in a constant rotation around the globe. but this operates at 65,000 feet and is geostationary. it can remain above a specific location for an extended time. giving cell phone power in

the sky. potential to disrupt many industries, from indications to whether to surveillance. to pull it off, it needs to stay in flight for as long as possible. the key is the son. the lightweight carbon body is covered in flexible solar panels that power small electric and use. light is the challenge. >> the large solution with large wings, the factory that charge up during the day, and when the sunset, the aircraft is then flying only on the battery throughout the night. >> the later the aircraft, the longer those batteries last. engineers are constantly trying to make this later. some will be disappointed at how they are too heavy and we will look to see how to design a more lightly. >> this is from the aircraft. not only is it phenomenally

light, it is strong, so we can make it later. half the mass, a state-of-the-art photocell. game andatched the improved them in half. yet again. press a ground crew can direct the flight path, but for the most part, his effort is autonomous. airbus will use this to fill the gaps where radar aircraft struggle. so itrates without fuel, can provide continuous, local coverage, for a fraction of the price. >> the target is that we stay round about $1000. >> because of its low price, it can help extend the internet to parts of the world where high cost of proved to be a very -- a barrier to productivity. go to a good communications capability with

one platform. newabilities to develop services in companies that have none. haveogle and facebook announced their own plans to have airplane like drones to spread to new places. airbus is not worried about the competition. >> we are quite happy about the interests of google and facebook. it proves we were right to believe in the market. they are very much where we were a couple of years ago when it was a bit more difficult to do this kind of flight. connecting the world is a very global aim. we have gone through the concept that nobody can work. >> for decades, we considered outerspace as the next location for endeavors. watching satellite rocker -- watching satellites is really expensive and really hard. futures may not be up in the stars, but just above the clouds.

>> bloomberg businessweek's sam right there. be sure to tune in for the year ahead special airing tuesday, november 18, 9:00 p.m. eastern and specific. we will look at 10 innovations that will change everything you know about technology, food, and medicine. about ang up, talking future of robots leading us down a path to tragedy or nirvana. what direction are we going now? we are told next. ♪

x you are watching bloomberg west. i am emily chang. an enthusiast as for both space exploration and robots. i spoke with him about in robot technology

and artificial intelligence and the impact it will eventually have on our everyday lives in part two of my interview with him. five and 20 or so now, take a listen. >> in five years, i think we will see more. we would have a lot of those cars on the road already, and in five years, even more. we will see. robots can do amazing things. there are other robots in the workplace you do not see, the ones slowly but surely replacing mundane human labor that will have a dramatic effect on the labor pool. they are being hired by the hundreds in china to replace workers who are sedentary, doing one task all day long for their entire career. mindnumbing work. it -- robust will lower -- andts will lower the cost

people realize every manual task will be eventually done by robot. >> robots will do more of the work to an extreme scenario peter presents where we have to worry about human extension. >> that is right. i just heard the word extension. human, could be tragedy or nirvana. really is a break in the path of the road we are facing. you could paint a picture 200 years out. no one debates if it is happening. by then, it will have happened, where robots can do anything humans can do. it will be effective and accurate. that world look like? it could be a world of abundance. i mean any physical thing, potato, if for artie -- a for ferrari, everything

costs the same to make. our bidding,do almost like slavery in the old signs, which we would not like to do with humans come but imagine. they would not think of having jobs, they were just live the life of a robot. that is one nirvana for possible future. is a really ugly transition from here to there. on the path, we are losing jobs. the rich are getting richer and the poor cannot find work. eventually 80% unemployment, what does that world look like? and if you made them put -- need employment to live. that seems to be the path we're on right now. >> you think tragedy is more likely. >> i think that is the current path we are on. hopefully in clinical and economic circles and technological circles, they could change that up by saying,

that is not what we want. >> what changes it? regulation? is it could, but i would not bet on it. i do not see a lot of foresight happening. greata system meant to be -- meant to be glacial. path will bely innovation for entrepreneurs. can we provide the basic human needs, food, shelter, health care and education, almost for free. thath care is the one, and is one thing i want to invest in, to try to figure out a way to provide free health care. right now, why would you want to do this? there is more money to be made in dealing with the existing health care system do try to fix it. it is a strong motivation to think of a cell phone-based interactive system that could mostdiagnose and cure diseases which involve medicine, and providing that

service could help stave off what would otherwise be a fearful moment for those who cannot stave off health care. >> google building driverless cars. >> google is going heavily into this. google cell phone element, android. his love is robots. they acquired a number of robots companies. the vast majority of google employees have no idea. that is interesting. for sure, but i have suspicions. what i believe strongly is even if they never release these products, the development and engineering trajectory they're going through is evolving technologies, deep learning and machine learning, that is applicable to many different things. people better at matching. it could be used to make an autonomous car. it is a dome -- an independent

capability. once you get better at being intelligent, you can do a lot of things. that is what google is doing. >> how worried are you about the power google has? >> some people are more worried than i am. i am looking for the opportunity to invest in others so it is cost-efficient. i normally think of it as, it is great. you have goliath and you want to invest in david's. you will hopefully overthrow that vision. worries about google's approach, they do not typically worry about surpassing humanity. to build things that make humanity look like the path of evolution to greater and greater things. a lot of humans want to root for humanity. a lot of folks are little bit frightened by that cavalier attitude. >> you are on the board. >> to say hey, something smarter than humans.

that to him is folly. he wants a multi--- >> what about talk of a partnership between google? they are good friends. it is an unusual relationship. there.ner steve with me coming up, black seems to be the fastest-growing software of a service company ever. i will speak to see on an special growth coming up. ♪ -- on exponential growth coming up. ♪

>> welcome back. i'm emily chang. $1.12 billion is the valuation of a nine-month-old e-mail collaboration start up, the start of everyone in silicon valley seems to be talking about these days, founded by a flickr cofounder, now has 73,000 daily 30,000 teensand using its software. how did he go from time startups to one of the hottest startups in enterprise technology?

joining me in the studio, stewart butterfield. all, how can a company nine-month-old possibly worth -- be worth more than $1 million question mark >> that is a question. >> what justifies it? >> the trajectory. still -- morning, we've got the former cmo. the growth so far has been entirely on the basis of people recommending it. >> how does it make my job better or easier? >> two waste. this is in contrast to an e-mail based comparison. is, i transferred -- one get way too much e-mail. having those messages directed to channels or groups rather than individuals, that helps.

thing is, when you start a new job, matching having access to the last 10 years of the history of the company rather than an mdm box. that is one of the big things. it increases in value over time. in contrast to an e-mail based system,. a separate inboxes, and it basically just evaporates. >> a lot have said to me, you have got to check it out. we knew this was happening. even in the last month, i hear about all the time. i wonder how much of your customer base is tech savvy silicon valley startups that could innovate this easily, and how do you convince the big conglomerates that may not be so nimble and open to change? >> it will deftly take a while. i am 41. were -- there will be generations that come up based on this. one of the reasons you hear about it is because we do it --

we do this exceptionally well in tech and creative industry. it helps a lot. portfolioall of its companies using us. they see it on every single screen. excitement andof same thing for the media. a littlehings overlap but not quite directly. even the founder is an investor in cooked -- in plaque. >> we feel it we do not really have cup edition. -- have competition. i do not mean that -- when we you ask customers what you need, 99% of them will say nothing. you dig deeper and of corse yo use e-mail, u might be using google hangout and skype messaging. facebook. private it is a crazy mix. unlike starting a salesforce today or starting a sales team,

you will inevitable he choose a system. you tonight get started before you do that area you choose a system for control. company,start a knowing things, we better choose a system for internal communication. do whatever it was last time. product category. >> you have been doing this a long time. you have a lot of years to compare the environment to now. what is the difference in the availability now versus when you are with flickr? >> we started a company with flickr, it was 2002. 9/11, ther, and ron, absolute worst point. the nasdaq was off 85%. it was impossible to raise money for stuff, so that is why we visited that them as well to something that would be simple and easy to complete.

>> do you worry? they of all sounded the alarm about startups too much too fast. valuations are too high. mark says they might vaporize. do you worry about that? >> i do. i feel like, my dad was a real estate developer and i graduated from high school in 91. right into the 92 recession, i was in this industry in the first.com crashed and i lost a lot of money. i have seen that cycle many times. i think we are in a solid position. bill and mark and fred were talking about hybrid rates. it is actually very low. we are a little bit over a million dollars each month, about $300,000. >> how do you and the founder way how high you wanted to go

and how much money you need to take on from investors, without taking too much? >> there is no magic formula. a little bit and of a hedge on what might happen in the next couple of years. we are clearly very far from the bottom. i am one of the people who think the other shoe has yet to drop and that there is still some funkiness the system. million dollars in a bounce sheet, that is a good position. >> you have got a rainy day there. ok. thank you for joining us and we will continue to keep our eye on you guys. time now for the bwest byte, where we focus on one number that tells a whole lot. cory, what have you got? >> how about one million, 100,000? the company monitors illegal peer-to-peer activity. taylor swift's "shake it off has been illegally downloaded 1.1 million times in two weeks along.

with spotify, saying, you cannot stream the song for free. that is 1.1 million times she did not get paid because people are streaming for free. >> how much were her other albums in? is that higher than when her music was on spotify? >> if there is 1.1 million downloads of it alone, you have to assume the rest of her albums are at least 1.1 million and one. that is the issue. when consumers showed a preference for streaming and musician is not getting paid in the way they want to be, there is a tension there. consumers are here and the artist is there and that will have to be resolved somehow. from spotify,away it will resolve illegally. >> when my son wants to hear it 20 times in a row on repeat. that is just me. >> i just by whenever i can. i cannot get enough of her. watching thisffer edition of "bloomberg west. we will see you later.

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>> i am matt miller in for mark crumpton. this is "bottom line." ♪ to our viewers here in the united states and those of you joining us from around the world will welcome. full coverage of the stocks and stories making headlines. hill.cook is on capitol julie hyman looks at retailer efforts to attract shoppers heading to the holiday season. shelby