on federal no-fly watch lists they can connecticut the first state to do so. he said the state is working to get access to these federal lists. gun rights advocates oppose it because they say it violates the rights of people who have not been convicted of a crime. president obama has signed a teacherschanges in how are evaluated. child a rewrite of the no left behind law and takes power away the federal government and gives it to the state. students will still have to take that earlier wired reading and math tests. winnersl peace collected their award today in norway. they were honored for their upholding democracy and the peaceful political process in the north african nation. they appealed for international coppe operation.

the governor of massachusetts as a passenger train that left without a driver was tampered with. new what they were doing and tampered with the train. ♪ emily: i'm emily chang. this is bloomberg west. coming up, and all strutting startup goes from down under to top of the world. twitter find ain way to advertise to people without accounts. the currency crusader unmasked. thefounder of bitcoin -- search for the founder of

bitcoin may be over. the great australian hope. the software maker surging 33% in the first day of trading on the nasdaq. it is a relief after a string of unicorns with less than magical debuts. -- have fallen since the ipo. $5.5have a market value of billion, -- $5.6 billion. ceo at the with the nasdaq and asked why in this environment of caution they decided to take their public company -- the company public now. emily: we have improved -- guest: we have been preparing for this for a long time. very disruptive model

in the business. we could go public in any market. some seem to want to hold you up as an example of a unicorn who did it right. you have been profitable. pressure?elt guest: we can't make any comparisons to other unicorns. we helped teams collaborate and be more productive. i don't know, you could use our company as a bellwether for other tech ipos. emily: bill gurley told me he is impressed with the business that you built. what advice do you have for

other private technology companies out there about how to manage their cash. we have always been a disciplined and patient company. we've always tried to balance simple -- sensible levels. rather than putting chips in one basket. you're running a marathon, not a sprint, and to have that balance and patience and discipline. a lot of companies are waiting longer and longer to go public. you guys have taken the lunch. do you think more company should consider going public in 2016? guest: i don't think our company should go. we have been ready for years. we have many diversified products. we operate in 160 companies

around the world. with our management team, and the products we have held, we are ready to go public. i don't think a company should rush into that area private markets may or may not represent what is not the public market area it is exciting we are taking the lunch. -- the plunge. you're competing with upstarts like slack. how are you changing priorities now that you have more short-term minded investors. guest: the important part is we are not changing up. we have been a long-term thinking company and we continue products.in our whether that be messaging, content collaboration, project management, we want to invest in the best products. we are the same company today

that we were yesterday. tomorrow we have to do the same things we did well yesterday to be successful. the will of the rest take care of itself. we have a simple formula for doing that. so, with them testing the waters so soon, we want to know what is the takeaway for investors looking to see them as a bellwether? you don't think investor should get their hopes up about this great australian hope? guest: it isn't much of a bellwether because of the characteristics of the company. it is growing fast but not lightning fast. they have adopted this slow and steady approach and the company is profitable. bill gurley tweeted all

profitable unicorns had to exit. guest: are there others? if there are they are not moving yet. it is an outlier. and what this company has done is set the bar and saying investors might not have been as interested or as demanding foursquare. wase up since then, but ipo priced above the range. for the ones out there, the ones that i expect will start to see in the world, we have seen an outside of the typical silicon valley coulter, whether it is lift or the other companies that spend money to make money, which means the bottom line is not going to be great. when you hit the public market weather has

been uncertainty we really need to have those strong fundamentals to get the public investors to buy into it and feel at they are not taking too big of a risk. emily: they said they don't need to hire salesforce to sell their business collaboration software. box of the same thing and had to beat up sales. take a listen to what they had to say. >> we don't perceive at the moment. we haven't had one for 13 years. our model of focusing on high products and delivering at a very efficient manner across the model get stronger. adding a sales team to target anyone near that would be hard. especially as we expand. that will be instantly hard to do with a sales team. emily: can they keep up the pace

of growth without this? guest: i spoke to mind. they think that they can but the things that i would bring up are some of the past companies that have lung problem -- have gone public. you have investors who may say we need to see more growth at this point. they have been looking to boost sales and of the developer community. emily: there are many unicorns staying private. maybe we can pull it off.

>> i wouldn't bet on the uber guys, spending money to make money. the ones that i mentioned that are expected to be in the pipeline are other types of business that we probably haven't heard of. things like act dynamics. these are not sexy names. are business software companies. they have shown some appetite for them. emily: i've heard of those. the executives have been on the show. appetite is there out there for companies like these less sexy companies? guest: if you look at the broader market they have done well this year.

when you think of these companies coming to market and timing it seems now is a good time. the bankers and investors are going to be looking at the cost and saying what are the multiples we should grab. the newer ones, not the legacy companies have been able to grab these sexier premiums. some of these buzzy areas within enterprise tack with a new breed getting to the ipo track. emily: our ipo reporter alex, thank you so much for weighing in. we are watching gopro shares,

rising after the camera maker would be a good acquisition for apple next year. gopro was among four companies that could be potential targets for the silicon valley giant. gopro was also in the news today for announcing plans for a camera equipped drone named karma. coming up, twitter response to wall street. type of out with a new tweet to quiet critics. and mobile payments is getting more crowded. it is not a tech company getting in the game. we will discuss. ♪

emily: twitter is out with a new tweet to silence critics. they have developed advertisements that even non-users see when they look at tweets to prove to wall street business can grow even as membership grows -- growth slows. they fall short of forecasts. how exactly is this going to work? guest: twitter has a lot of people coming to it from around the web to click on tweets. new storyis a and you click on a tweet. it takes you to a page for that

or their profile. even if you don't have a twitter account, it will show you a promoted tweet add. -- ad. twitter is just not that exciting to advertisers anymore. it is smaller the instagram and messenger. expand andis, they y 500 million people come to twitter without logging in. this could've been done when user growth was accelerating. why haven't they done this? guest: they needed the deal with google. they put tweet as a result of google search. it will have this carousel of things you have said. i could look on them

individually. that increase traffic to twitter from normal people. they're trying to make twitter more accessible to people who don't have accounts. it has always been a problem. they making it easier to sign up and create followers. what other things are we seeing jack dorsey do that matt really move the needle? -- is it possible to re-accelerate? guest: they have a marketing campaign. whattried to show people twitter has on it. a lot people think that twitter is just a place for celebrities, politicians, and journalists. it kind of is. but there are ways that people who don't have publishing agenda

media, soand consume they are trying to let people know about that possibility. other product of diets? guest: many in the pipeline. they're reconsidering the 140 character count limit. they changed the favorite button on tweets to a heart. emily: i have been getting more hearts. the goal was right to increase the likes. i feel on average i get more with the heart. guest: they say it is working even though people were annoyed the beginning. and there is the moments program. doing well.ys it is

that is another skeptical thing. this 500 million number, this external audience, they haven't updated that number since november 2014. it would be nice number of that was growing bigger than the monthly average. like moments, like the advertising on tv bringing people in to experience twitter. watching andl keep you will keep us updated. thank you. ising up, an israeli startup buying a silicon valley company. details ahead. ♪

emily: google is updating its wallet. the new version of google wallet allows users to end money through a phone number.

the updates will be available on google play and in the app store . other updates include improved contact suggestions, and the ability to link a second bank account. it is not just tech companies. walmart is hopping in. they will start letting shoppers pay with their smartphones using the mobile ad. it is available near walmart headquarters in arkansas. a nationwide rollout is set for next year. arkansas,w from service overseeing the new project. why mobile payments? why do this yourself? guest: thank you for having me today to talk about walmart paid. what we saw was around access and around allowing for a

customer to engage in the web experience in our stores. retail was delivered to an online shopper through e-commerce. we saw it being transformed by mobile. one of the areas that could be improved upon is the checkout experience. bringing that feature as the newest capability to the walmart cap was something we saw as a great opportunity to expand .ccess and to allow for improved checkout. emily: apple pay has been out for a year. adoption rates are slow. that is based on data we have an anecdotal evidence. where can walmart succeed where others are potentially struggling? guests: one of the things we have seen even as recently as this holiday season, our customers are engaging with us across these channels. we saw an increase in mobile usage through online orders and

in our stores. the second thing is that those customers, if you look at the shoppers we see every week, 22 million are actively using our walmart at each and every month. both online and in our stores. when customers visit us they see one walmart. they want to order online pretty want to pick up in our stores. they are using the walmart at to use -- to make that more easy. it is going to be something they are going to be excited about and get them through the line and on their way. you see the potential to integrate with apple pay or google services at some point or is this going to remain a standalone walmart service? guest: thrust it was looking at how we improve our checkout

experience. one of the things we saw when we survey the landscape to figure how we could bring mobile to the most amount of customers, a lot of these solutions out there that had limitations and friction that created seems. you had to have a type of the devise or it only works on certain payment types, so what we have built is there was nothing out there. we bolted to expand mobile access to as many users as possible. you have the ability to use any and you have the ability to use it at any checkout lane. when you think of the industry maturing we have built it so well as can integrate into that as a payment type for walmart -- users.

emily: mobile makes up 70% of traffic. rate areof an adoption you predicting for 2016? ed to: we are excit bring into to the market. we are focused on rolling it out. have 20 2 million users that are active smartphone users in our stores. we're going to get a good uptick. we don't have any specifics but we are excited and they will be also. ok.y: thank you for joining us. we will be right back. ♪

emily: i'm emily chang. this is bloomberg west. by bloomberg shery ahn.

what is happening in asia? get started with yum! brands. it has had its bond rating cut to john. dividends and share buybacks will require increased that's -- bets. the company says that despite china economy they expect profit to rise 10% next year and aims in 2016.aco bell the billionaire founder of one of china's biggest conglomerates has gone missing. they have lost contact with the chairman but they are handling the situation. a stakelub med and in cirque du soleil.

a chines hot pot chain could bee latest stock to the market. they're considering listening as soon as next year. that could raise $300 million. they are known for attentive customer service including giving customers free shoulder -- massages and dance performances. tell yoga has topped a car list with honda and volkswagen close behind. toyotas.ine tour thank you for that story. speaking about this list of

automakers, how did the insurance institute come up with the list? faced the grist testing including crashing into a fixed barrier at 40 miles per crashingmilar to to an off-road tree or utility pole. that is a particularly deadly type of crash and included testing for automatic braking, which is out the driver having to do anything. there was vigorous testing. emily: thank you. ♪ emily: there is a fear silicon valley may be littered with

companies that went from unicorn to uni corpse. the blood testing company fighting hard to stay out of that category, they are the subject of the bloomberg businessweek cover story. i began by asking her about her impression of elizabeth holmes. guest: she is impressive. she is charismatic. she is bright. she is unflappable under pressure. she has this incredible personal story which people gravitated to. she is a stanford dropout. a prodigy. she learned mandarin on her own. she is persuaded this almostished group of entirely male board members and investors to back her, including henry kissinger and larry ellison.

i thought that was interesting. most are not in her field but they are very accomplished people, presumably good judges of character. she has been very skilled getting people to follow her on quest she seems to be on. emily: the last my saw her was story. investigated how is she handling the scrutiny? guest: it has been upsetting for her. she was candid about that. she said it is hurting her feelings. she has had an impulse to try and figure out where these leaks are coming from and who is betraying her and saying these terrible things. that has been consuming some of her time. it shows that she was not prepared to deal with this. she has been running -- she has

been in her quiet private mode for 10 years and the media attention they do get was very positive. suddenly people are asking these hard questions, casting this hard light. pr people, crisis managers, legal advisors, she was overwhelmed and they were overwhelmed by that. you can see that in their response, which has been uneven. they are trying to right the ship at this point. emily: when are they going to reveal some data to back up their technology? how accurate it is and whether it will work? what is the latest on this data? >> they have committed to releasing data. they were fuzzy on the timeframe. , they are planning

to invite outside medical experts and even journalists to come there for two days to do a extravaganza of trying the technology, looking at their test data they have, and these people would then be in a position to go out and talk about it publicly or write blog posts about what they saw and perhaps about for it. she said december was the timeframe for that. there is no specific thing. i don't know when that will happen. then they said they are planning to release data that shows the accuracy of the tests they have to the fda in their attempt to get their tests approved. she said they are trying to prepare that public consumption. she did say that they wanted to be up to their standards and

make sure it is iron tight and people will understand that and there will not be room for ambiguity. she is planning to have that published in one medical journal. specifiedame is not for that. her position is as soon as it is ready. she is saying it is imminent. we were not able to get a date or a medical journal name out of her. it is possible those things are not yet known because they are scrambling. does that lead you to have more questions? how accurate you believe the technology is? how special do you believe the technology is based on what you have seen and heard? guest: there is clearly tremendous potential here. i was convinced of that. it was helpful to go in and look at what the things are that they make.

it has been murkiness out there. we were able to try the needles, , thatinger prick analyze the blood. clearly all of these things if and when they work perfectly they will have the potential to have a huge impact on health care information. it does sound like that they were not really totally ready for prime time with this. it is unclear if that was an issue with the data or issue with the functionality of the test, or their communication is poor. there are questions about that. the next time we will have a real opportunity to analyze these questions is when they release this data. clearly now they are on the hook. if they don't come forth with this that is going to send a message of alarm. what about the outside

medical observer. what are people saying about this? guest: the opinions were very divided. they have a lot of fans and we spoke to some of those. one surgeon in particular who was very blunt and said if there is a problem with the technology, the solution is not to pile on and criticize them. it is to figure how do we get over this. he has seen enough to be convinced of the proof of concept. it can be fine tuned to such an extent that it could become a mass products. it was not entirely clear he had seen the broader test people are asking for. there are many physicians who are entirely skeptical. some are affiliated with the

traditional black companies. others think that this sounds very aggressive. have triednies similar things. it hasn't always works. those are the people they are going to need to work on in terms of convincing them this is viable and working. editor,ur features sheila. we are watching a stock, blackberry shares jumping the most after an industry website reported the newest phone will be sold at walmart. meant as a hell mary t sav hail mary. it sells for $699. howshadowy mystery of bitcoin came to be is finally getting revealed. we had to australia to find out why the currency is hitting

all-time highs. and adobe investors on cloud nine in after-hours trading after reporting profits that topped estimates. ♪

emily: do not miss advertising magnate, sir martin sorrell. similar web is buying --

quettra. >> you are buying them, why? >> we found an amazing thing that seemed impressive. technology we were looking for for a long time. they have amazing ability to understand the mobile audience. this is something we were lacking. we solve the team and what they built. we were impressed. we decided to talk with them. there is a good match. we decided to join forces and built together. googlethey are backed by ventures. >> it wasn't cheap. >> how much was it? >> close to $10 million deal. if the company is in the early stage, they raise money not long ago. they released it that long ago. once we saw them and told them

about our vision, and we felt similar to what they are thening, we understand vision, it is going to be something truly amazing. >> was it a shortcut to get technology might have developed yourself? was that the reason behind it? but the thing that is more than that, it is about the team. we found amazing people there with amazing skills and know-how. we thought this was going to be -- it is not about killing ourselves. -- youhings you find find the right mate for you to build together and it is a venture. >> i am glad you mentioned the talent aspect. there was a silicon valley company saying one of the

that talent is much cheaper in terms of software engineers and enough to compete with facebook and google to try to tap them. was that something that was the reverse to you? >> it is a good question. we saw peopleis with a lot of experience that is hard to find in israel. we saw good people that have amazing experience come from coo, the and ebay, the one who was leading the google search. with very good and impressive expertise. it is the difference that we had here. >> usually we talk about celeb silicon valley companies

coming to israel to buy israeli companies. now we have an israeli company going there to buy a value-based company. are we going to see more? >> more are coming. , in the beginning there was a lot of hype. we build companies and sold them quick. they are thinking long-term and company from a israel. now it has changed. i assume uruguay and to see much more of those. acquiring companies worldwide to grow out of israel. baidu is switching its gh gear.tions and to hid a prototype has completed tests. in march the company in said they would introduce an

autonomous car this year. coming up, one of the biggest mysteries in the unicorn community may have been solved. -- in the bitcoin community may have been solved. ♪

emily: spacex says it is close to launching rockets again. elon musk says a rocket test fire a set for next wednesday in florida. been stuck on earth since june when a broken strut doomed its rocket in lift off. now to the mystery behind the identity of bitcoin's founder. he has abated the attempt of geeks, journalists, and fans to reveal his or her identity. us, paul allen is live

from sydney. responsible?a guy aul: i wish i could give you yes or no pretty answer is maybe. he is the ceo of a company called -- he is a smart guy. in science and theology and an interest in bitcoin. founders make him the of bitcoin? a number of people have been accused of this. even a theory that he may not be one person. there is the testimony of this him ando once met asked flied out argue the

founder of bitcoin to which he answered he only has enough bitcoin to buy a pizza. the first bitcoin transaction was to buy a pizza. was that an oblique confirmation? emily: i wonder. his house was raided. supposedly it had nothing to do with bitcoin. thereice said they were to help the australian tax office, the equivalent of the irs on unrelated taxation matter . local media interviewed the neighbors who said he is a bit three phase for power installed in his house. that is what you would use for a factory.

a raging bonfire of conjecture and speculation but it makes for a rather good ministry -- mystery. emily: it does indeed. thank you for joining us. why is this causing a stir? everyone loves solved mysteries. do you think this is the guy? guest: i don't want to speculate. i have heard yes and no. let's talk about the bitcoin industry. you and i have talked about the price being volatile. i think that has held back mainstream adoption. what do seek a bitcoin? flattcoin has been pretty and boring. in the last three months the prices doubled. . more importantly we have seen record number of transactions every month happening.

cyber monday sales were up. we are seeing huge transactions happening. having had layoffs? why is that? is it because bit coin is a question mark? guest: we were trying to do too many things. different groups in different projects. we want to focus on bitcoin payments who need support. we focus on one or two key products rather than 10 different things. guest: is it too crowded? is there going to be a shakeout next year -- and mark guest: you know it is hard to say. banks allroached by the time. we have decided to focus on bitcoin payments. .e have so many customers

we are focused on that. some are going over the block chain. guest: -- emily: what do you see for regulation? >> we applied for the license, every state has been working for us, working with governments across the world now. i think all the governments except for a couple are starting to embrace bitcoin and figure out emily: how to work with it. what is going on in china? trying to moveme money out of the country. that coincided with the rise with bitcoin. what will it take for a consumer adoption to pick up? guest: finding a good use. in europe and south america, they are buying versus american. they don't have credit cards, there is more cross transactions. in america we have credit cards. emily: ok.

funny thing. we will watch the prices in 2016. as we had out, yahoo! ceo marissa mayer is having a busy week. she gave the world a status update on twitter. -- this after a day of intense scrutiny after she and bill .lans for a new company it is the second time she has given birth in her tenure. congratulations to her. for bloomberg west. we will see you tomorrow. ♪ sure, tv has evolved over the years.

it's gotten squarer. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. tand that's what we're doings to chat xfinity.rself, we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20.

it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. ♪ >> from our studios in new york city, this is "charlie rose." charlie: we begin with an update on the san bernardino shooting. federal authorities have learned that the husband and wife the killed 14 people last week were radicalized two years ago. that is before crisis emerged as a major terrorist group your did here's what james comey told the committeeiciary during his appearance on capitol hill today. mey: i can only say so much about it at this point. they were actually radicalized before they started dating