mark: you are watching "bloomberg technology." three people are dead in florida and more than one million homes are without power as hurricane matthew charges across the atlantic coast. matthew was downgraded to a category 2 storm as it moved towards florida, but officials say say it is still packing winds of 110 miles per hour. communities across the carolina coast are imposing curfews as the hurricane approaches. the worst of the storm is expected to move in overnight. the hurricane has already claimed hundreds of lives in haiti and other caribbean nations. negotiators for colombia and farc rebels say they are

committed to maintaining a cease-fire that expires at the end of the month. both sides met in cuba today to guarantee it doesn't unravel. last week, voters refer -- rejected referendum to enforce the accord. colombia's president was awarded the nobel peace prize friday for his role in the agreement to end the five decade-long civil war. president obama issued an executive order officially lifting u.s. economic sanctions on myanmar. the white house says the southeast asian nation has shown considerable progress establishing the mock received. -- democracy. the move is expected to benefit the country's fledgling economy, stimulating growth to small business. global news 24 hours a day, powered by more than 2600 journalists and analysts in over 120 countries. i am mark crumpton. "bloomberg technology" is next. ♪

emily: i'm emily chang and this is "bloomberg technology." coming up, netflix ceo sees trouble ahead in china. we will break down his comments that sent shares plunging. the comment from oracle puts its $9 billion deal in doubt and what does it mean for the future of netsuite? the u.s. officially points a finger at russia for hacking, meant to meddle with the election. we will wrap several security with a coo cloud flare. first, to our lead. the ceo of netflix admits the company's entry into china doesn't look likely. reed hastings told audience at the new york tech fest, saying, disney had their movie service shut down. apple, who is good in china, had their movie service close down. it doesn't look good. those comments came during a volatile week for the stock. shares were covered from a 5% dip in trading. on thursday they slid over 8% on concerns that hastings was troubled.

tuesday shares popped on speculation a company is a -- the company is a takeover target. joining us from l.a., bloomberg's chris paul mary. talk about these comments, how significant are they? how much of an impact will this have on the company at the >> significant. this is the last big market netflix has in its quest for dominance. you see the ceo say, it will not happen anytime soon is a disappointment. in some degree, a lot of other companies have been shut out of that market as well. it's not exactly totally unexpected. emily: so many u.s. technology companies have tried and failed in china. you have some media companies, having some success there. to what do you attribute the volatility in the stock? >> netflix is the darling of the media business these days.

it is a 45 billion dollar market cap company. put that in perspective, that is the same as 21st century fox, almost as big as time warner. there's a lot of hope and anticipation built into that stock and anything that is a disappointment since it up or down pretty quickly. emily: do you see netflix as a takeover target? >> we saw those rumors earlier this week. we worked really hard to see if there was any truth to it. we haven't found anything. it would be a tough pill for anyone to swallow. it is a price-earnings ratio over 300 times the s&p 500, is about 20 times. any company that is going to buy them will have to give up a lot of equity to make that happen. emily: netflix is playing a long-term game, spending billions of dollars on original content. we don't know if it will pay off. is there any progress on the sustainability of the overall business model? cracks -- get as manye will

subscribers through this big push into premium content, and roll it out around the world, and he's willing to sacrifice short-term earnings to accomplish that. so far, mostly, he has been accomplishing his goals. everyone in the media business is trying to figure out time warner, cbs, disney, some sort of monthly subscription online video option that looks like it will replace the cable tv package. emily: something that came up at this new yorker conference, it sounds like he is picking a fight with an owner. -- with theater owners. what do you make of that? >> this is another dynamic with netflix, they want to invest in movies and they want to win oscars. to do that, you have to have a movie released in theaters. they cut a deal this week with a small luxury chain called ipix, and that would allow them to put their movies in theaters and simultaneously put it on the netflix streaming service. theater owners don't like this. they have lived by this exclusive window they have where movies are just shown in theaters.

if you want to see them, you have to get out of your house and pay. fight, andongoing like all disruptors, netflix seems to be winning. emily: chris paul mary, thank you so much for weighing in there. we will keep an eye on the stock. oracle's final extension for approval of the netsuite deal, shareholders now have until november 4 to approve the acquisition. shares of netsuite dipped as much as 5% in trading. the extension coming after only receiving less than a quarter of the shares necessary to close the $9.3 billion deal. netsuite's largest shareholder has expressed concern that oracle's offer of $109 a share under values the company. this according to reports. joining us from new york on bloomberg intelligence, man deep singh. what do you make of the fact that shareholders don't seem to be on board yet? >> in this case, what you are

seeing now is basically trying to get a higher price for netsuite. the reason is the recent deals, , if you see microsoft, linkedin, salesforce, these are approximately 10 times sales. i don't see how you can pay a higher price. and who is going to pay it? the shareholders are demanding it, but there is no other likely bidder who will bid greater than 10 times sales for netsuite. the breakup clause in this case, netsuite will end up paying $300 million if the deal doesn't go through. if you look at their standalone prospects as an independent company, they are growing 30%. i don't see how it's going to be a better thing for netsuite if this deal falls apart, and given there is an unlikely bitter -- bidder apart from oracle. emily: what would you say the likelihood is at this point of this actually happening? >> given larry ellison has a 47%

stake and insiders have a 5% stake, and they put in a closet -- a clause that they required the deal to be approved by a majority of stakeholders outside of these two states. i think what larry has to say or someone from oracle's board, has to really kind of basically negotiate the terms, probably, maybe there could be a slight increment in the deal values. if you look historically, sap paid 11 times for concur. 11 times for success factors. that was done in 2011. maybe there is room to kind of increase the deal by maybe a few million, a few hundred million. that is a likely option that the oracle board can negotiate at this point. other than that, i don't see any other option for netsuite. there is not going to be a microsoft or an ibm bidding for

them. that is a mike lee. emily: on the oracle side, if this doesn't happen, how bad would it be for them? >> they currently generate 10%, a little less than 10 percent of their overall revenues from the cloud. more than 50% of their revenues from acquisition. if this deal falls apart, that kind of puts them behind. they are already behind a cloud -- in that kind of puts them -- in cloud revenue. they kind of need netsuite to prop up that cloud revenue, and so they will have to find something else to buy, or i don't see them growing that fast organically, so it's kind of a win-win for both of them, but it's really about the price and at this point, i think someone from oracle's board who is negotiating the deal needs to come into play here. emily: we will see what happens next week. microsoft is holding an event in new york october 26 to unveil its plans for windows 10. the operating system is at the

heart of the ceo's vision of building an ecosystem of cloud-based services and devices that work together, much the same way apple and google's products do. microsoft initially wanted to install windows 10 on one billion devices by 2018, for the -- but the company recently admitted it will take longer to reach that goal. coming up, the u.s. accuses russia of interfering with its elections. this days after yahoos e-mail scanning program came to light. we will talk cyber security with the ceo of cloud flair, matthew prince, next. sit -- we sit down with a guy who turned million dollars into a billion dollars. this is bloomberg. ♪

emily: the u.s. saying for the first time the russian government has used hack attacks to interfere with the presidential election or the josh the office of the director of national intelligence and department of homeland security said in a statement, these disclosures are intended to interfere with the u.s. election process. we believe based on the scope and sensitivity of these efforts that only russia's seniormost officials could have authorized these activities. officials would not confirm if the russian government has also targeted state election systems. these latest revelations come just days after reuters reported that yahoo! secretly built a software program that would let the company scan all of its customer's incoming e-mails for specific information wanted by u.s. intelligence officials. here to help us break it all

down, cloudflare ceo matthew prince. cloud flair helps provide security and domain name services. matthew, thank you for joining us. you live in discussions of the highest levels. folks in washington have invited u.n. sheryl sandberg and tim -- you and sheryl sandberg and tim cook to talk about where we draw the line between privacy and security. where do you think we draw the line? matthew: at cloudflare we believe it is critical to protect our customers from hacking, from any of the types of activities that whether it is hacking from the russian government or from the u.s. government, and so, i think that our duty is to really protect our customers. i think we have to have respect for what law enforcement in washington has to do, which is tackle the challenges of criminals online, cyber criminals isis and other , terrorist groups.

we have seen an increase in the amount of dialogue happening between washington and technology companies, and that is encouraging. emily: is washington overstepping their bounds? what do you make of this report from reuters that yahoo! let the government scan e-mails? matthew: there's a lot of details we still need on what was going on there. what we see is by and large that there is an attempt to actually have a dialogue between washington and technology companies, but every once in a while there are law enforcement requests that companies like cloudflare or google or facebook and others get, which do seem to overstep that. i think one of the duties that we have as the private sector is to actually hold the government accountable to that. we have done that in our business and i think google and others have done that and should continue to fight for our users. emily: do you question the way that yahoo! reportedly handle

this? or, did they make a difficult decision? matthew: it feels like a story which is developing, when initially the reports were that they were using their anti-spam systems to look for some sort of signature. that seemed less, that seems like something they could do that wasn't so much of a violation of their users' trust. the stories that started to come out this afternoon, maybe it was a root kit that had gone into compromise the actual yahoos servers, that does feel like it is something that has gone beyond the pale. what i think is really important is that companies are extremely transparent, they disclose what they are doing, they make their users aware of what is going on, and these types of clandestine efforts behind the scenes almost always seem to get exposed. the consequences are significant. in yahoos case, this combines with the hacking incident sounds

like it might reduce their value by $15 billion. -- by over $1 billion. if verizon gets their way. that puts a real cost on not taking cyber security seriously. emily: price changes, a report from the new york post says we -- that we have yet to confirm, says you guys just launched 3 new features that will increase the speed of the cryptic web. this is part of your broader mission, and i wonder, how much of the web should be encrypted? is there a danger that bad actors could take advantage of that? matthew: i think all of the web should be encrypted and is content is flowing across the network, you shouldn't have people who are running those networks be able to get in a -- and interfere with the content, whether that is someone who is trying to steal your credit card information sitting next to you when a coffee shop, whether it is your cable company that wants to market advertising to you, whether that is the national security agency. as content passes across the

network, we see it as, we are sort of crypto absolutists, where the entire network should be encrypted. what is important is that the next standards for the internet all start from a basis of encryption. so i think it's inevitable that we are headed in the direction of a more and more encrypted internet. at cloudflare we are proud of what we have done to bring encryption to the net. emily: i hear the blue angels fly over the studio here. it's fleet week in san francisco. how much of the web is encrypted right now? what would it take to encrypt the entire web? matthew: we see about 10% of all internet requests, and we made it two years ago so that every single one of those requests could be over an encrypted connection. not everyone takes advantage of that. we see more of our customers taking advantage of that. one of the biggest challenges is that oftentimes, especially organizations based on advertising, so bloomberg, "the new york times," "washington post," have written about how

difficult it is straight a -- because it website isn't just something you control yourself. third-party resources come in from advertisers and other places. that is one of the things that cloudflare we did, ask how can we solve that problem so even if there are resources loaded from other places, we will not have potentially unencrypted content mixed with encrypted content? we think our role is to make that as easy as possible, and that what encryption really needs is, we have done a lot with the math but we need to do more with the ui of making it easy and affordable. emily: what is your take on this report, the u.s. government saying now we know that russia hacked the u.s. election, and it's only the topmost officials in russia could have authorized it? matthew: i don't have access to all of the intelligence that the u.s. government has, but i'm often skeptical of some of these reports of attribution to nation state actors.

i think sometimes that happens, but a lot of times there is a blurred line between a patriotic hacker who might be a 15-year-old kid acting on their own behalf, and a real state-sponsored activity that is sanctioned. i think we've seen a little bit more of that out of china, in particular, where there have been reports on the government supporting specific hacking groups. i think russia has been a little bit more ad hoc. that doesn't mean the government doesn't approve of what has happened, that doesn't mean they might not have even co-opted this, but a lot of times the damage that can be done by a really determined 15-year-old kid who wants to make a name for themselves is as much when a nation state actor can do on their own. emily: we have been reporting about this booze allen employee

who was assigned to the nsa and reportedly took a bunch of documents, classified documents. it's curious to me that an employee is even able to do that in this day and age, especially post-snowden. matthew: snowden was a booz allan employee as well. emily: exactly. you would think the nsa would be more careful. right? matthew: tricky. if you have a document, at some point it has to be on a screen and you can take a picture of the screen, and how you control access to that information is a real challenge. there are a lot of threats the companies worry about from outside. you should pay equal attention to the security threats from insiders as well. and so internally at cloudflare we designed a number of systems to make sure you have to have to been -- two man rules, multiple people approve changes. that is something we had the luxury of doing because we got to start in the last six years. if you're at booz allen, the

nsa, that risk is ever present, and i don't think it's going to go away. emily: interesting. matthew prince, ceo of cloudflare. thank you for joining us on breaking down these complicated topics. coming up, pressure is mounting on germany's most famous startup factory to churn out another hit. we will head to berlin for a look at what is going on on rocket internet, next. this is bloomberg. ♪

♪ emily: rocket internet is known for churning out copycat startups that follow the u.s. company. while the founder maintains the company is in great shape, investors have doubts. bloomberg's reporter has this report from berlin. >> the company and its

charismatic ceo has had huge early success with one of europe's biggest fashion retailers. it hasn't had many success recently, hasn't managed to pull off many exits or turns the startups into profit machines. that is why investors are starting to get impatient, and you can see that in the stock price, which has dropped about 50% since the company ipo'd 2 years ago. why is rocket struggling to take off? some of our sources have told us that rocket is not compensating its key employees and founders with enough equity or shares, so that it has lost a lot of key people over the past years. oliver told us in an interview that he doesn't see the chart as -- the churn is a big problem,

and he doesn't feel that it's unusually high. he says rocket is in great shape, with 1.7 billion euros in cash, great network of 30,000 workers around the globe he can cap into, and still a lot of expertise building or wrapping up companies. that said, he has also repeatedly said it takes 6 to 9 years for an e-commerce startup to swing to profit and he has promised that he will take three of the startups to profits by the end of next year. now, samba will have to work hard in the next months to achieve that and prove the critics wrong. but he will also have to work hard to convince his investors to remain patient in the meantime. emily: that was stephane nicola in berlin. coming up, with a string of software ipo's getting good reception on wall street, is it time for other tech unicorns to take the plunge?

we will discuss. a reminder check out our newly , redesigned website covering all the latest developments from around the world. this is bloomberg. ♪

♪ mark: quinnipiac university's latest national election poll has hillary clinton ahead of donald trump by five percentage points. clinton's 45-40% lead in the survey comes to weeks after an earlier poll found she was neck and neck with trump among likely voters. libertarian party candidate gary johnson has 6% of voters surveyed, and the green party's jill stein has 3%. republican presidential nominee donald trump is apologizing for lewd comments he made about women back in 2005. "the washington post" obtained a video of donald trump and billy bush on a bus. the tape includes audio of their conversation.

in a statement, trump said, "bill clinton has said far worse to me on the golf course." hillary clinton's campaign tweeted quote, "this is horrific. we cannot allow this man to become president." helping to lead by example, president obama today used a return to his hometown of chicago to cast an early ballot for the november election. he's been encouraging people in speeches and radio interviews to register and get to the polls. the president voted after attending a fundraiser for democratic house candidate. russia says it will veto a french drafted u.n. resolution saturday, calling for a cease-fire in the syrian city of aleppo, and the grounding of all aircraft, including moscow's. the russian ambassador said it is quote, unprecedented the security council would ask a permanent member to limit its activities. >> i cannot possibly see how we can let this resolution pass. i cannot possibly see. to me the most upsetting thing

about it is, there are other ways of doing it. mark: the ambassador said the security council should support a proposal from the u.n. syria envoy. it calls for an al qaeda linked group to leave aleppo in exchange for a hold to russia and syrian government bombardment. u.s. secretary of state john kerry says russia and syria should face a war crimes investigation for their attacks on civilians. >> this is a targeted strategy to terrorize civilians and to kill anybody and everybody who is in the way of their military objectives. mark: secretary kerry says russia and syria over the world, -- o the world, quote, more than an explanation about why they keep hitting hospitals. russia potential return to , soviet era bases in cuba and vietnam, according to a defense official who told lawmakers in moscow friday the military will revisit the decision to with

draw from the two countries more than a decade ago. u.s. marines are in haiti to assist in humanitarian efforts in the wake of hurricane matthew. they are from joint task force matthew from the southern command. i am mark crumpton. emily: this is "bloomberg technology." ipo's in the past two weeks have shown appetite for tech listings is still alive and well, even if not for other industries. this week the software maker surged more than 100% in its trading debut. it raised more than $103 million -- $130 million after selling shares at the top of the market range. last week we saw similar stories from another software maker. it also more than doubled in its trading debut, raising $238 million. our next guest that company's first institutional investment. robbie joins me now here in the studio for more on tech funding in both the public and private

markets. i have to say, you wrote a $10 million check which will likely lead to a $1 billionayoff. it was a great week for you. what do you think is the -- the positive reception to your company means to tech ipos? >> these companies are -- ones that have built strong businesses -- they are heralding a new generation of technology. businesses used to run their enterprises, and the market has really got an appetite to see these companies go public and invest in what they see as the future of computing technology for businesses. emily: your company competes with amazon and you believe , amazon only has a small piece of what will be a trillion dollars market. >> enterprise computing technology is a trillion and a half dollar industry today. amazon in 2015 did about $8

billion of services from their cloud computing business. they are the largest and fastest-growing business, but we are talking about out of $1.5 $8 billion trillion. the ipo has been a terrific evangelist in educating people about the possibility of taking all these physical boxes that live incompanies' data centers and moving them into the cloud. you can do that with simpler applications and websites. these companies are building platform so, when you have an industrial-strength commuting job, or something that runs the books of an enterprise and needs to be reliable and have a high service level, we provided plat platform for you to put those kinds of things into the cloud. emily: shares are up 138%. that is a big pop. in the one sense that means the , company left a lot of money on the table. on the other sense, did bankers and investors not tell the right

story and get the right story? did they not understand that this was going to happen? what do you make of that? ravi: that's a great question. usually when we take a company to the market, we like to think about what a reasonable value will be that investors would say based on the current revenues and current margins of the company, in a normalized environment, is a value that makes sense and we use a lot of those metrics along with our banking partners, to figure out where to price the ipo. i think what we see in a company like nutanix, there has been relatively few offerings, there is such enthusiasm for these companies that represent the future of computing for businesses, that every once in a while, you will have a phenomenon where a company's narrative is really strong. there is a lot of investor excitement. there aren't that many other ways that an investor in the public markets can get access to companies that represents this

tectonic shift. you see prices run up and the way they have for a company like nutanix. emily: it is shaping up to be an exciting year for you. you have a couple of other companies potentially in the pipeline. do you see them going out this year, and what do you see for tech ipo's more broadly? do you think the success of nutanix will get more companies out of the great? -- out of the gate? ravi: i think that's a great observation. i do think those companies are a catalyst and a wake-up call the let public investors know that this wave of companies that bring the next generation of computing to the enterprise, they are getting to a point of maturity where there is real revenues, real customers, and they are a size where the public markets can invest in them. i think they have broken the ice and upped dynamics. these companies have success -- substantial businesses and are growing and will likely tap into the public markets given what we have seen, either later this year or early next year. emily: do you think the political environment is the

uncertainty around the election, is that holding anyone back at this point? ravi: today it hasn't. we're watching it closely. there's always a possibility that market conditions can change, but if i could predict that, i might be in a different business. a big you alsoave windfall potentially coming next year. we reported that snapchat is looking to go public or file paperwork as early as march of next year. i know you can't speak specifically to the timing, but lightspeed was the first institutional investor in snapchat. what do you think of the potential of this company? it seems a little bit early. obviously, it is the cool thing right now, but why now, and how big can it get? ravi: we are super excited about snapchat. we were the original investor. we think evan, he is a genius when it comes to thinking about new products that really

resonate with a consumer audience. the way you think about the potential for snapchat, it really is a plant, a medium that -- a platform, a medium that lets people communicate and tell stories with pictures and videos. that has been something that really, there hasn't been a native platform on mobile that does that well before. what we are seeing is the younger generations are using it voraciously, and it is spreading. we think it is a phenomenon that can be as big as some of the other social media platforms. emily: facebook? ravi: in the long-term, there's no reason why the market potential for what snapchat does couldn't be as big as facebook. emily: vc's have raised a record amount of money. you guys have 2 funds, totaling $1.2 billion. those are the blue angels practicing over our studio. investors have had trouble finding good companies to back. the belt has been tighter. do you think the optimism we are seeing around tech in the public

market will loosen the belt a little? are you seeing good things out there again? ravi: a point we talk about a lot inside our partnership, at the early stage, which is where lightspeed usually gets involved when it is a handful of people , and an idea for how to change an industry, there is a steady stream of those ideas. we are super excited. we think we call it the , innovation cycle. andaperture for technology these industries is bigger than it has ever been before. i mean, that can be taxis with uber, the cloud with nutanix, snapchat for people taking videos and images on their smart phone. it's a huge opportunity set. the early stage market continues to be strong. i think what we are feeling about the later stage markets is that there has been a slowdown in some of the investment activity. there has been a lot of capital that is coming. i think they see companies like nutanix can go public. that creates a lot of enthusiasm where people want to get returns in the technology sector.

think over time, that will normalize. there is still a steady stream of opportunities. they will need more capital. our belief is that the capital that is flowing in will generally be put to work in an effective way. emily: ravi mhatre, the first investor in nutanix. thank you for joining us. great to have you. staying with snapchat, "the wall street journal" at that snapchat -- adds that snapchat may fetch a value of almost $25 billion. our senior analyst joins us now from the newsroom with more. you have been doing some work on the numbers that we have. how feasible is a $25 billion market cap for snapchat? >> firstly, if you look at the user growth, it has been robust. you're talking about more than 40% growth every single month for the last couple of months. mary that with the engagement of getting stuff from advertisers

and the expectation they have from revenues, if they can crack about 1.3 billion dollars of revenue next year, you apply facebook's multiple to that, it is feasible mathematically. emily: how are they making money currently? the majority of it is coming from advertising, but how? >> one is the conventional you , have video ads, vertical video ads and stories and henceforth, the other is like you have geo filters. that is where the strength is emerging to be, location-based advertising. people using snapchat almost all the time, and you could sort of mary that location-based strength to local business spending. that is a strength they can explore, especially when it comes from you. emily: ravi mathre of lightspeed, one of the earliest institutional investors, said he thinks it can be as they guess -- as big as facebook. would you agree? take them to attract

older cohorts on the platform. right now you have 60% of the audience less than 25 years old engagement is pretty strong in that segment. but we have yet to see how they will get the rest of the community on board. it depends on that, really. if they are able to focus on the strengths, then they can potentially become the de facto standard for brand advertising for the youth. emily: thank you so much. we are breaking it down. coming up, we will take a look at the top tech news of the week, including the latest on samsung and twitter. this is bloomberg. ♪

♪ emily: it was a busy week in tech, from samsung seemingly on the rebound, saying earnings the recall ofpite

the galaxy note 7, to twitter reeling from reports that his prospects for a takeover offer are dwindling and everything , in-between. we've been talking about it all week long, it has been fascinating to watch. here to recap the week in tech mark is here on the set. let's start with samsung. obviously this note 7 debacle has become much more serious than we thought initially. where do we stand at this point? >> it's kind of surprising. i thought we were past the -- past this. samsung said they would come out with a replacement program and they came out with a replacement program towards the end of september. it came together quickly, we noticed, so within a two week period they were issuing new models and software updates, but it did not seem like they put the time into understand the problem. here we are, and a southwest flight was delayed earlier this week because someone claims that their note 7 exploded or was

catching fire or smoking before the flight. but the wrinkle there is that this is one of the replacement units. so, it's -- emily: what has samsung said about this? >> they have not said much. they have said they are still investigating the problem. they are investigating whether this was actually a replacement model, and they have not come out and admitted it yet. emily: what about carriers? >> carriers are investigating what they are going to be able to do with this phone in the future. it is interesting to me. harlow -- how are carriers going to test their phones in the future? it hasn't really affected shares that much. investors don't seem too concerned. >> there's a lot of lock on the android and samsung platform, storage of music, content, and such. i think people, investors think samsung will rebound whenever they come out with the next update. emily: what about google? they are unveiling new phones this week.

apple unveiled the new iphone. the competition is only getting more heated. >> google should have taken more advantage of this situation but , hindsight is 2020. emily: they are partners as well. >> it's a fine line. the google pixel phone is very limited in terms of its long scale. it is not out yet. the street data is october 20. it will only be a verizon wireless exclusive. it will be unlocked. if they really were anticipating samsung's note 7 problems even more, i feel like they would have put it out to more carriers around the world. right now, it is six countries india coming in a few weeks , after the 20th launch. you think they would have made it a bit bigger of a deal if they knew this was going to happen to another android oem. emily: sarah frier and eric newcomer also here with me on the set to continue going over what has happened this week. it hasn't been a great week for twitter. sarah, you had been reporting out that disney and google are now out of the running, they are not interested in bidding for twitter, which lease sales force

on the table. where are we now? >> now we are waiting to see if those bids come in. emily: is it just one bid we are waiting for? >> there have been conflicting reports. cnbc reported there may still be multiple bidders. we have heard mixed messages from benioff just publicly speaking about whether he likes twitter or not. he's been very coy. emily: marc benioff, the ceo of salesforce. sarah: really what this week represents is one year since jack dorsey took over at twitter. it seems that he is losing a lot of control over the future of the company. his board wants to explore sales. he was to figure out these live streaming deals. meanwhile, quarter after quarter twitter has shown growth. , emily: so this works in jack's favor then. we believe he does not want to sell the company, correct? sarah: absolutely.

he would prefer to have more time to prove himself. but if twitter doesn't get a bid, then does wall street get less confident in their future? do they start trading down the stock? then maybe in the future, twitter gets acquired for a lower price. so that doesn't look good, either. they have to balance the options. some of these bidders who say they are not bidding now, maybe we will see them come back later. emily: the stories and much more are highlighted in bloomberg technology's new newsletter, "fully charged," where our tech reporters provide analysis on the business of technology. eric, you wrote this week's edition. i love hearing your more opinionated thoughts. talk to us a little bit about what we can expect. in this particular version of the newsletter, you ask influencers for a single number that tells the story of the future. >> it's called "fully charged."

i am bringing it home every friday, giving us a wrap up . getting reporters' looks at it. i cover a lot of uber, lyft. sometimes other companies. this time, i talked to a bunch of insiders about what they thought the next decade might look like. emily: you have a quote from the -- from sam altman saying, the federal funds rate has been around 0% during none of us have any experience to draw on for what this means long-term. >> there has been a lot of cheap money in silicon valley. nobody here, everybody here is willing to admit that and wonders what the future will look like. emily: people are about to be born who will live to be 150 years old. that's good for my kids. with a reasonable quality of life, shifting the way we think about staying healthy while staying entertained. democracy is destiny. , not one of the crazy tech futurists. it is the realization that if

people live longer, how do we think about the companies we invest in and strategize in terms of what is valuable? emily: lastly, the founder of task rabbit saying 34% of the u.s. workforce is made up of freelancers. the future of work is changing and new technologies are being leveraged to support this new and flexible workforce. regulation. >> the answers were surprisingly attuned to the labor changes in the united states and how that was affecting business and also the human beings that technology is affecting. obviously uber is built on the independent contractors. i think that is something we are all watching. emily: you can sign-up for the new newsletter, "fully charged," on our new website, bloomberg technology. see the stories of all of these great reporters. and the musings of eric newcomer. thank you all and happy friday. >> thank you. emily: now bloomberg's in-depth coverage of the 2016 presidential debates continues sunday night with the second official showdown between donald

trump and hillary clinton in st. louis. john heilemann and mark halperin kickoff special coverage 8:30 p.m. new york time. join us on bloomberg television, radio, and streaming on twitter. this is bloomberg. ♪

♪ emily: we've got breaking news, new developments in this samsung recall. bloomberg is now reporting that at&t is considering stopping all sales of the replacement samsung galaxy note 7s over concern about safety. as we know, as mark gorman just reported, there was a replacement phone that started smoking on a southwest plane. that plane had to be evacuated. this is a significant development if carriers start deserting samsung and dropping these note 7 smartphones.

you just heard mark talk about samsung. we're still waiting for some explanations. again, at&t considering stopping all sales and replacements of the galaxy note 7. they will offer alternative smartphones. we will have to see if at&t does this and if other carriers follow. now to another story we are following, a patent battle between apple and samsung has made its way to the u.s. supreme court. apple is claiming financial damages from samsung for allegedly violating the iphone maker's design patent. a ruling from the supreme court could put a final dollar amount on what those damages are worth. earlier, a federal appeals court upheld an award of $399 million in damages against samsung. value to design work. this is what the tech industry is interested in. as the smartphone market matures and customers become more price sensitive, arguments will be heard on monday. on monday, we are talking to the

twitter cofounder. a reminder check out our new , website for everything you need to know from around the world in tech powered by our 12 , international bureaus. bloomberg.com/technology. have a wonderful weekend. ♪

following is a paid advertising for time life. in the 1970's, soul music filled the airwaves. all across america, we were listening to the soul of the 70'