senate election was fraudulent. he resorted -- responded shortly after democrat doug jones was officially declared the winner of the election. jones was certified just after a judge rejected moore's request for a delay. 95% of last year's total -- the health care law is outperforming expectations, despite the administration's continued efforts to gut it. the individual mandate was terminated as part of the tax bill. pennsylvania,rie, are still digging out after 5.5 feet of snow fell. people in the midwest and northeast are being warned to be wary of hypothermia and frostbite. the u.s. has endured 15 weather-related disasters costing $1 billion through october, one shy of the single year record set in 2011. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries.

i'm kayle "bloomberg technologys next. ♪ cory: i'm cory johnson, in for emily chang. this is "bloomberg technology." softbank's ceo is about to add to his tech portfolio. buer -- uber investors agreed to sell him a 20% stake in the right ailing giant -- ride-hailing giant. we will look back at the year uber likely wants to forget, but we won't. plus, more highlights of our

interviews with leaders who helped shape technology over the past year. son of softbank close on a deal to buy a large stake in uber. the sale implies a $48 billion valuation for uber, way down from the $69 billion valuation it achieved not long ago. here is what son had to say about uber back in august. >> i think the way people use the transportation and the lifestyle will be different from , 30 years later, 50 years later. it will be very different. autonomous car is coming. comes, thist stage tide- -- ride-share business becomes even more important. cory: joining us now to discuss

the news, bloomberg's redstone -- brad stone. let me start with you. this deal cook -- took quite a while for these guys to put together, but also really suggests that over is not what it used to be -- that uber is not what it used to be, to the tunes of tens of billions of dollars. >> uber is essentially less valuable than it was a couple years ago, when it was valued at $69 billion. stock transactions and now we are talking about a 30% haircut. you can make all kinds of this is ahat transaction, not from the company itself, but from its existing shareholders. but obviously it has been a bad year plus for uber. and it's clear that has hurt the valuation of the company. cory: it is really shocking when you look at it on that great chart. brad, this also took a while to do. who were the sellers in this deal?

i will take $48 billion. get me out. brad: this deal will probably take a couple weeks to close. benchmark, menlo ventures. we don't know yet about travis kalanick, who still owns 10%. the founder of uber. i want to add one thing to what shira said. this was the year of controversy, but it was also a year of ambiguous or even just negative economics for uber. there was a belief in the company for a long time, that they could raise money and conquer and kill all the little guys, the regional players, and not just hasn't happened. uber faces destructive competition in places like india, singapore, and brazil. the softbank deal can help alleviate the threat of direct competition, because softbank has invested in all these other companies as well. cory: they bailed on chinese

investment, a very big chinese investment. they also held on to their ceo. the seamlessness of the transaction, get in the car, get there, get out, is gone. brad: it was the year where the manifest destiny of uber to be a monopoly is gone. it happened because of the controversy. it also happen because savvy investors like masayoshi son of softbank saw a tremendous opportunity for these other players. part of it was uber's controversy, but part of it was capital flooding into the market and propping up other players, like in india and china. it's not winner take all anymore. uber is not going to be the dominant player. i think that realization is part of what has led us here today, uber is taking a valuation

haircut. cory: shira, you know i like my conspiracy theories. let me posit that the last round of investors in uber had a deal would not gethey diluted in the future, so that's why masayoshi son had to pay $1 billion at a high valuation, well almost simultaneously a much less at a low value tatian -- while almost simultaneously paying a much less -- paying much less at a low valuation. cory: it is striking here that the manifest destiny is no longer so clear, and you can see it in the valuation. shira: if uber is no longer going to be this global winner take all, what is uber? what -- how big can it eventually get? we already know, as brad said, it is loose ring -- losing staggering sums of money.

it has had to retreat from business in various parts of the world. if you invested in uber a few years ago thinking it's going to going to russia and indonesia and africa and the restaurant delivery business and all these other places and just steamroll every other competitor, it no longer looks like a sure thing. so, what is uber worth if it can't be successful everywhere in the world? cory: it seems the path to an obviousonderfully less and more obvious at the exact same moment. the time from now until ipo is longer. they have stated they want to get to an ipo eventually. but obvious also, it gets simpler, because the varying shares of stock, the fact that shareholders who don't have a lot of money at stake and more votes from the early investors -- brad: everything has been simple five in this deal -- simplified in this deal.

seats.k is taking board governance reforms. uber.actionalizes benchmark, which has sued travis -- some of these lawsuits go away. said 2019 for an ipo. some of the pressure for liquidity is taken off the table with this deal, so i think he has room to operate now. cory: we have breaking news from apple. ipo. some of theshira, i want to getn this first. apple admitting they have problems with their batteries. what people have noticed is that it seems like as soon as a new phone is available, our old phone got a little worse. apple is suggesting, yeah, that is happening. shira: it's always weird when apple apologizes and says they did the wrong thing. it is not in apple's character to say it was wrong. there is this conspiracy theory for a long time that apple slows down older phones to prod people

to buy new ones. it emerged in the last couple weeks that, ok, maybe the conspiracy theory wasn't necessarily to prod people to buy the latest and greatest iphones, but it has been clear that apple, indeed, slows down the performance of older iphones degrades to the point where they might have unexpected shutdowns. what apple unexpected shutdowns. what apple said this afternoon was basically they did not communicate that fact actively to people who own iphones and they should have been more clear about it. also, it is apple's fault -- they make it very difficult or expensive to replace batteries on older phones. the company said they are going to change both of those things. they are going to communicate better and make it cheaper and easier for people to replace batteries so their phones have a longer life span. cory: and, brad, they are really, really sorry. what do you make of this? brad: like so many conspiracy

theories, it wasn't true, but it was sort of true. what happened, as shira said, they were altering the performance of the phone to avoid the old battery from shutting down. in the statement, "i'm sorry you got mad." cory: my favorite sports analogy. the: they discounted replacement battery price. it is a significant move for apple to address -- people basically felt misled by these performance issues. cory: not a total conspiracy theory. i know the short-sellers keep a little museum of all the stock frauds of the years passed. they have this thing that was invented, was it a total fraud? oh, no, they did have this device that was supposed to magically recharge your battery or grow hair or something. it wasn't a total fraud. brad: maybe a misdemeanor. as shira said, not fully

disclosing. it wasn't the felony that people thought, but there was certainly something here that apple didn't communicate properly. cory: brad, always a pleasure. thank you very much, brad stone, and shira ovide, back in new york, thanks a lot. 2017, a rocky year for bloomberg. eric newcomer looks at the company's past, present, and potential future problems. uber 2017 -- the year that probably wants to forget. embattled ceo travis kalanick resigned. dozens of executives left. allegations surfaced of sexual harassment by the company -- by company employees. uber's top rival, lyft, continued the eat away at market share, riding the coattails of the #deleteuber movement. one of its competitors is suing

over alleged trade secrets. to round out the year, uber lost its london license, was ruled a transportation service rather than a digital one in the eu, and continues to face mounting legal battles from all over the globe. but uber is trying to turn the corner with new ceo dara cautious shockey bringing in -- dara khosrowshahi trying to right the ship. khosrowshahi has been on an apology tour, meeting with angry regulators worldwide and bringing uber's skeletons out of the closet, such as the massive hack of over 57 million accounts that had been covered up for more than a year. so, how did uber's business fare in 2017? well, it grew. gross bookings could reach 37 billion for the year, up from 20 billion in 2016. still, the company lost a massive amount of money. the year's losses could reach over $4 billion. so, what's on khosrowshahi's to

do list in 2018? a new cfo, a new board chair, and new directors. and don't forget cutting losses and reducing redundancy. the legal matters largest -- matters loom largest. the u.s. justice department waits its turn, looking into five different cases overpricing, bribery, and trade secrets. but one thing is for sure, 2018 uber goeshe year public. instead, it will be the year it has to rebuild its reputation in the court of public opinion. cory: that was our one and only eric newcomer. sticking with uber, up next, we talked to bill gurley, one of our favorites -- we talk to bill gurley, one of our favorites. is liverg technology"

streaming on twitter. this is bloomberg. ♪ loomberg. ♪

benchmark is one of uber earliest investors. bill gurley has stepped off the uber board earlier this year, but he is still vocal about the company. benchmark is one of uber earliestbloomberg's emily change with him and new vendor -- him in november.

bill: i know through my own conversations with dara that he is getting good advice and help from travis. when i look at the current situation, you know, i feel extremely happy relative to where we were back in may or june. i think the entire board, including travis, is excited about dara as ceo. i think he is doing an incredible job. i think he did a great job in interfacing with the regulatory bodies in london and again in brazil. we just added tony west, who eric holder helped us hire. so, i feel really good. i think we have probably reached a new level of stability, and i look forward to where we are going forward. emily: benchmark pushed for travis' resignation and took it so far as to sue him. that stunned a lot of people. why did it come to that? why couldn't you resolve that in private? bill: i think any venture capitalist hopes that they can use persuasion to solve every problem that's out there, so

this stuff doesn't roll out onto the field like it did in this case. er had that -- at ub reached a place where, we felt, along with four other very large investors -- people typically say benchmark, but there were five investors who felt like all of the constituents at uber were at risk if action didn't happen sooner, and so we did something unprecedented. we had two questions quite frequently -- we get two questions quite frequently -- i can't believe you did this and why didn't you do this sooner. we were in a place where we had to make a very hard decision. we, you know, after much reflection felt that we were on the right side of history. and at this point in time, i feel like we've got things to a place where there is a really good platform for success moving forward. and so, while i wouldn't say that the past year has been

something that we enjoyed as a firm or we would look forward to doing again, i do think we made the right decision. emily: is there anything, bill, you think you could have done sooner? and when other companies look at this situation, what should they learn? bill: i think that's a fair question, and we have already stated publicly we wished we could have moved sooner. we are minority shareholders in all these companies. we don't act unilaterally. to a certain extent, you have to be successful at that persuasion element to bring everyone along. i guess the thing i would say is that the excessive amount of capital that has been available to silicon valley has allowed a lot of entrepreneurs to run without much discipline, because if you are not running out of money, you're not constantly being regraded and asked to come back to the table. one of the unique things about the stitch fix situation is just how early the model moved to

profitability and how unusual that was, relative to everything else. if you're going to move up, if you're going to grow up, if you're going to mature, that involves not only being big and taking market share, but putting in the right functions in governance and finance and legal, and maturing as a business and doing the right things relative to human relations. and so, all those elements have to be present. should we have seen it sooner? i think almost certainly yes. once we got conviction, along with these other shareholders, that we needed to take action, we moved as fast as we could. emily: benchmark hired its first female partner earlier this year. midst a string of sexual harassment allegations that have hit the vc industry pretty hard. how big a problem do you think this is, and what will it take to change? bill: i think there is change happening.

i think there are two elements that lead to change. one is constant conversation and awareness-building, which is happening through all the conversations that have been happening, including this one right here. so, all those things move the ball forward. we are super excited about her being on board. she has made two investments, although i don't think either of them are announced. she's super competitive. we think she is going to be an incredible venture capitalist. every single data point helps. i look at katrina. over 80% of the employees at stitch fix are female, over 60% of the management team is female, over 60% of the board is female, and i found out this morning she may be the youngest female founder to actually take their company public ever. these success points and data points create role models that help bring everything forward. cory: that was benchmark capital's bill gurley talking to emily chang. much more coming up on

"bloomberg technology," but first a feature i want to bring to your attention. go to tv . you can watch us live. look, that's me. you can send our producers messages while we are on the air, play along with the charts we bring you on theyou can watc. air, for bloomberg subscribers only. check it out at tv . this is bloomberg. ♪

cory: headlines grabbing our attention. an entrepreneur who once declared war on -- more than $200,000 in bank deposits. they are eyeing other assets, yet another blow to leeco.

crunch.e a serious cash the nintendo switch is a hit. the console is on pace to become one of the most successful gaming products ever, at least in terms of hardware. it has sold 14 million units this year. the president told a japanese new sabr -- newspaper he wants to sell more than 20 million consoles next year. tim cook got a big pay raise in 2017, more than $100 million. 's board of directors is making him fly private in the interest of security and efficiency. are legitimate reasons to be optimistic about tech in the coming year. we will discuss, next. if you like bloomberg news, you can listen to the bloomberg radio app, bloomberg.com, and, in the u.s., sirius xm.

check it out. this is bloomberg. ♪

kailey: i'm kailey leinz, and you are watching "bloomberg technology." let's start with a check of your "first word news." president trump has been briefed on today's terror attack in afghanistan. chief of staff john kelly is providing updates.

more than 40 people were killed and at least 80 wounded. it is the latest attack by the affiliate of the local islamic state. police and emergency crews were on the scene in downtown seattle after a van ran into a building. four people were taken to a hospital. the vehicle ferries passengers throughout the metro area. italy's prime minister says the government will continue to carry out its duties, even after it hands over temporary control to the president of italy. the president dissolved the nation's parliament today, which could trigger a period of political instability leading up to elections. >> [speaking italian] translator: we will entrust the government in the hands of the president and the republic, who i thank for his role as guarantor. the president to

decide the timing and procedures of the next institutional steps. kailey: global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is bloomberg. it's just after 5:30 p.m. in new york, 630 friday morning -- 6:30 friday morning in hong kong. david ingles has a look at the markets. david: good morning. it is friday, the last trading session of the year. it is looking quiet. we simply have to hold the ball. we will be closing out 2017 at all-time highs. a roughly 1%note collapse will likely be clocking globally, the 14 straight month, first time on record -- we haven't had a single monthly drop january to december. have a look at some of these benchmarks. new zealand, half-day today, closing in about two hours. nikkei 225, maybe some declines

at the open. we hold at these levels, a record high close. have a look at currencies. a dollar dump. a lot of these things come down to the fact that the dollar has been on the back foot. commodities on the longest streak of gains going back to 2005. that's a wrap of markets early this friday. more from "bloomberg technology" next. ♪ cory: i'm cory johnson. this is "bloomberg technology." there are a lot of reasons to be suspicious of technology, whether it is fake news or stocking on social media, but --

g on social media, but chaffin -- max chafkin feels there are a lot of reasons to be positive. max: it's depressing because of a whole bunch of reasons. the first place to start would be special harassment -- sexual harassment and gender in silicon valley. x chafkin feels there are a lot of reasons this whole conversation around sexual harassment kind of started with a blog post written by an uber engineer, who complained about treatment of women at uber. that led to the resignation of travis kalanick. i think you could argue that a lot of the conversation that has happened since then has been driven by the tech industry, so that's one. the other would be the role of social media in misinformation. it's easy to remember, a couple years ago, we were really starry eyed about things like facebook.

cory: the belief that twitter was going to lead to this ,errific new spring in press society, and so on. what we are seeing is quite the opposite. russia and north korea have been able to use social media to actually spread their oppression. max: when you talk to people in silicon valley, the mood is just not as optimistic as it has been, and i think some of that has to do with -- we've been in a period of growth for a long time. there is a feeling that boom has wound down a little bit. series a rounds, the earliest rounds are not happening as quickly as they were. people are not as enthusiastic. there is a feeling, even among people who are real believers in tech, that maybe we need to think about tech's role in society. cory: let's put on our optimistic hat, one that i'm not typically wearing. 5-g, right around the corner. does that excite you? max: especially in the way

people are upset about the net neutrality rollback -- it's easy to forget we do have some really exciting things and one isn telecom, that the consumer electronics companies and the big wireless equipment manufacturers are really getting ready to roll out much faster speeds. we are talking about 100x what it is today. it's being tested right now. verizon has said they will bring it to a handful of markets next year. by 2020, just a couple years from now, you will never have to worry about slow downs -- slowd caps.r bandwidth for member the days when people would go on vacation and they would come back with a $10,000 cell phone bill or your kid gets a hold of your ipad and crazy things happen? that's coming to an end. the really exciting thing to me is some of these wireless companies really have a shot at putting pressure on the big internet service providers. t-mobile has said that they will have a wireless -- sorry, a

competitor to the broadband companies, which could create more competition, which would hopefully be good for consumers. cory: you've also got an interesting development with commercial space business, sort of a pullback in investments in nasa. youv'e -- you've got elon musk with spacex, jeff bezos with his efforts, lockheed martin with some interesting efforts as well. then you have other companies with better use of satellite technology for all kinds of interesting ideas. it seems a is an area where there -- seems space is an area where there is a lot of room for investment and excitement. max: the technology landscape goes beyond the internet. we've seen a lot of exciting ipos. we've seen a lot of amazing things happen with some of these big internet companies, but for the last five years or so, there has been a lot of interesting stuff happening, semi under the radar. i don't think spacex, which is

elon musk's space company, is going to go public next year but it probably could. ,its business has been growing really quickly. really, there seems like a lot of upside. they just had a very successful launch, the first launch of a both reusable rocket and reusable spaceship. they have another rocket, the falcon heavy, that they are getting ready to go right now. so, there is a lot of good news, i would predict, around space. it's something that hasn't gotten that much attention. people are getting more excited about this industry than they have been in decades, so that's pretty cool. cory: there are also some interesting developments in new media. we have spent a lifetime in media. whether it is snapchat or -- i love it in your story on bloomberg.com, you hype minute of session, which is hq -- hype my new obsession, which is hq. max: there's a lot of

handwringing. people in the media world have been talking a lot about how these big platforms, facebook and google, have been swallowing up all of the money and how you can't get anything going without being inside of one of these bigger companies. here comes along hq. it is not on youtube or facebook. it is just an app. it is doing something that is totally novel. it is like a game show, except is interactive -- except it is interactive. it feels new. it is possible it is a fad. it has been growing very quickly, though who knows how that's going to play out over the next few weeks, but just the existence of this thing gives me optimism that there is still innovation, creativity coming out of this sort of media technology landscape. cory: and also, as you point out in the piece, there -- you mention npr and their dominance in podcasts, not just because i have a podcast that is available

for download, but more importantly npr is an old media company in a lot of ways, very dominant in this new media of podcasts. max: another cool startup that is tangentially related to this that i would also put in this independent media little boom is patreon, which is the payment end for some of these new podcasts. it takes the npr funding model and lets anybody do it. we've seen some pretty successful podcasts. cory, maybe you should consider it for yours. they generate a decent amount of revenue using patreon. there is stuff happening at all layers of the food chain that is new and kind of interesting. cory: that's my conversation with bloomberg's max chafkin. us.s crawford will join this is bloomberg. ♪

cory: collecting data from shopping mall parking lots -- helping lead the way is orbital insights. we did the thing talking about the changes to the satellite business. first, i want to get to the notion of what you guys do, by way of an anecdote. manager,s a hedge fund i hired the satellite company to fly over an oil spill. there was an oil driller.

their data looked fake. it was in the middle of the jungle. we flew a satellite over. but i had to wait a few weeks before the satellite would be in contact with the area. i got some good data. i didn't get everything i wanted. how does your business take that to the next level? james: we take advantage of changes that go far beyond our business. the commercial space industry has exploded in the last five years. from our partners, we can get imagery of the world every day, premium resolution. cory: based on the width of this table -- james: big things. we can get 30 centimeter resolution, which is more the size of your laptop, from other partners little less frequently, but it's amazing imagery. cory: it's not that you own the satellite. it's able to -- that you are able to contract with them to get all the imagery and then use technology to stitch it together. james: we pay a rev share back to the satellite providers.

-- the imagery from all the satellites and we put it together using ai. it occurs to me that one of the things you are doing is allowing the satellite companies know how goodo and bad their businesses are, it lets them leverage the effectiveness of other satellite companies and get a little revenue from that, too. james: the satellite companies -- a lot of their bread and butter is selling to the government but if you want to sell to a hedge fund manager, you have to have pretty frequent imagery. by stitching them altogether we imagery and a, larger data set. cory: the notion of how successful a retailer is in real-time -- give me an example. james: just watch the cars. see how many cars are in the parking lot. if it's close to christmas, it better be full. if it's 10:00 on a saturday

morning in the summer, maybe it's ok if it's not full. we understand the patterns. we can see whether given retailers are doing well or not. cory: i printed out the maps and leaned over them, trying to figure out what i'm looking at. how many pipes are going down into a well and if that is changing. what a super interesting is, as if this wasn't crazy enough, is the way you are using artificial intelligence to do the work. james: it's really very large. we are looking at 250,000 parking lots for retail, and that's way too many to have people look at. they would go crazy. we use ai to count the cars in each of those parking lots. cory: so, what did the users see? james: a single number for all of macy's. cory: how does it work? do they go to a browser and type in how many cars are at macy's? james: if they have the right login, they can see macy's this year versus same time a year ago or they can see home depot this

year versus the same time a year ago. cory: that's incredible. have you back tested this? james: we do continuously. theook at the reports from 10k filings and compare that quarter by quarter and year-over-year. it stacks up well. it's not a perfect correlation. people may go to the store and not by as much as they did last year -- not buy as much as they did last year. cory: part of the equation that you solve for. as you look at this also, there are a lot of other uses, not just hedge fund managers, which is a pretty good business already. james: we also look -- sell to insurance companies. we got very early results on the extended depth of flooding from hurricane harvey. in texas. cory: what did you see? wejames: we saw water -- houston was creamed. we were able to get by combining

imagery,, imagery at the maximum flood extent to see exactly where the water was, how close it was to oil tanks, where it was with respect to houses -- cory: using sort of a policy by policy estimation? or was it more they wanted to know the breadth of their exposure? james: the real value is the breadth of their exposure, so they could see what kind of reserve they needed and how much trouble they were or were not in. cory: the notion of palm oil, deforestation, very clever usage. james: this was great. people have used satellite imagery for quite a long time to look at deforestation. we train the ai to tell the difference between a managed forest and the virgin forest. we are able to see when a virgin forest is cut down and replaced with a managed forest, and that is what you are looking for in palm oil. palm oil from an area that has been a managed forest for decades and was not just cut down.

cory: this is an interesting story. i love the technologies that we are going to find complete lee nguyen uses for. great stuff, james -- completely new uses for. great stuff, james. coming up, mark cuban on donald and aand the presidency long view on bitcoin. this is bloomberg. ♪ this is bloomberg. ♪

reserved. going emily chang spoke about the coin.h -- bit

forhe white house asking trunk to serve four years as president. the donald trump the twitter troll. when he is in campaign mode, you just ignore him. with more agencies that the president has no idea. emily: you've made your political views very clear. what are your biggest concerns about this administration? mark: um, i don't know, that he just doesn't know what's going on. it's just not in him to make an effort to understand or learn. possibly it's because he's not capable. possibly it is because he is not

willing. i just don't think he has it in him. emily: does he make it through four years? mark: i'd say 25% chance, maybe 30% chance he doesn't. i would probably be willing to bet against him, not because he's going to do something crazily wrong, even though sometimes it seems like it. but i think it's because he is oblivious to the institutions and government and oblivious to the laws and rules and he will do something and won't recognize that it's an impeachable offense. emily: you recently bought a stake in twitter? why now? mark: i'm a big fan of artificial intelligence, and i think they are making some good moves. you see the evolution of the interface on apps in the web. emily: should twitter kick trump off the platform? mark: no. emily: why not question mark pollack -- why not? mark: politics are so tribal.

in the realm of people who focus on politics, when you try to make a dramatic move, you increase the amount of tribalism. if you take him off -- tick him off, all the trump fans are going to go bananas and that doesn't do good for anybody. post it somewhere else. there are 1000 ways to post digitally. twitter happens to be the only one he knows how to use, but i'm sure he can learn how to use facebook or something else. --ly: twitter, gmail, what is their responsibility in the spread of fake news? mark: for broadcast television, if you broadcast an ad that says , you swallow this penny and it will cure every illness, you wouldn't be allowed to broadcast it. i think the same rules should apply to digital marketing and digital ads. you can't knowingly accept big-money from or broadcast false advertising. the same should apply to facebook and on twitter.

emily: that's advertising. what about content? mark: it's not content if you are trying to promote a specific agenda. it's marketing. there's a big difference. content can be fact or opinion. but otherwise, what we are seeing now, when they are using retargeting that advertising,. in this particular case, their posting it to the ad platform -- they're posting it to the ad platform. it can't be fake news. it's a misleading advertisement. it is the responsibility of facebook and twitter to recognize, this is an advertising platform, we can't allow fake ads to be hosted on a platform. emily: last question. you told bloomberg you are considering getting input -- into bitcoin. what do you think of people like jimmy diane -- jamie dimon saying it's a fraud? mark: it's interesting. i think there are a lot of assets that are valued based off

supply and demand. most stocks, you just have the ability to buy and sell those stocks. i think that going is the same thing. its value is a function of supply and demand. bitcoin is the same thing. i'm also in five -- ivolved -- ipo's, because i think blockchain is a great technology for future applications. it has created multiple great companies. i'm involved in a company that i think is going to change the messaging using blockchain. emily: how big is your stake in bitcoin? mark: relatively small. cory: that was emily chang and mark cuban. bloomberg lp is in partnership produce a global

breaking news network. a reminder that we are livestreaming on twitter right now. technology. that's it for now. this is bloomberg. ♪

kong. last one for 2017. for poorlogizing iphone batteries but insists it would never intentionally shorten life. or would like to haler wouldthe ride like to forget. betty: the going recovering after further decline.