♪ emily: i am emily chang. this is the "best of bloomberg technology" where we bring you all the top interviews from this week in tech. what you need to know about the .ntel chip saga plus, tesla struggles to manufacture for the masses, shipping people model three sedans in the last quarter and pushing back a crucial production target. we are tracking spotify's unconventional ipo. why the music streaming site is

attempting a direct listing, and is there really investor demand? intel discloses this week that most of the processes running the world computers and smartphones have a feature that makes them vulnerable to attacks. as the largest chipmaker in the world, the impact is far-reaching. fixes are coming over the next few weeks and it sees no material impact to its business. google, which discovered the flaw, says the issue affects other semi conductor firms. microsoft, apple, and google say they secured their systems. >> google researchers found out that this might be a problem going back to the middle of last year. the idea was we get together, find a fix for this, then we put that fix in place, then we go and say, look, this is what happened. we sorted it out. don't worry. unfortunately, news intervened. people found out. they are now in scramble mode.

intel was forced to come out and we don't have all of the fixes in place, we don't know the impact it will have on computers. there is a lot of concerns. emily: are there any legal issues? >> no one has said anything, but this is the kind of thing that class-action lawsuits were designed for. regulators might look at this and say, hold on, you have one or two companies where everything depends upon. why are we giving them so much power, so much influence and the potential to damage? emily: we are talking about almost every computer and smartphone and server out there. >> that's correct. emily: what are the potential impacts? what does the flaw mean? >> first, no reports that anyone has exploited this vulnerability yet. they have all been careful to say that. say, maybe now that they

know about it they are working on it. so far is the important thing. if you have a computer at home, you have areas on your computers where passwords are stored, where encryption keys are stored. in the normal course of events, programs you are using don't have access to that data. this feature of chips allows , in theory, access to that data for high-level programs. emily: intel says they won't have a significant financial impact. how can that be? >> in the past, they have had to recall chips, just like a carmaker, or they pay money to fix patches. they say, look, this is the future of chips. this makes chips faster. .ur chips work as they should we have no liability here. emily: another thing that doesn't look good is that intel found out about this six months ago. the ceo sold a chunk of stock later in the year. what happened?

>> this has created a lot of attention. if you look at the filings, this was a regularly announced plan. executives usually set out a plan where they say i am going to sell this amount of shares. that ensures them against accusations that they are trading on inside information. the timing of this, whether intel really knew this was going to be such a big deal, that is all up in the air and we can't say with any concrete basis he knew. emily: we continue our coverage from the fallout from intel news speaking with brian white. take a listen. >> what we are talking about is a feature that has been in speculative execution that has been in processors for over 10

years, but he has discovered it, and it is used in intel and other designs. arm licenses their designs to , home -- qu almcomm, everyone is impacted. what i find interesting as i was brought in a couple weeks ago by these companies, because they knew what was a big deal. in 20 years i have never seen three companies come together in a briefing to talk about the issues and how they are addressing it as an industry. that is an important side of the story that hasn't been told. there are a lot of problems. there are interesting ways the issue will be mitigated. i think we will see more discussions from apple and other people as well. emily: do think they should have told consumers? >> i think they were going to. the transparency of the industry is working, working together, and with responsible disclosure, which is important.

they found a vulnerability, they informed the manufacturer, they were working on a patch, and were planning to announce it. somebody leaked information, and now it is public. one of the biggest takeaways is it shows the community is taking security more seriously and more responsible. what is scaring us is this is ubiquitous. the intel chip, the processors, rn everything that we operate. if there are issues at this level, where are they are not issues? emily: how serious is this issue in terms of impacts? we don't know that anybody exporting this, but we don't know a lot of things about attacks happening. >> it is a fair point. it remains to be seen. there are some variants that are considered worse than others. the one that allows people access to private data is the one being talked about. this has been out there forever, and we are seeing this being addressed now.

in theory, there are bad things that can happen, but it took 10 years to discover it. that should give you an idea of how hard it is to exploit these. emily: who could exploit this vulnerability and what would they do with this information? >> those with significant resources. google had a significant security team that was the -- that will spend the time necessary to find the vulnerability. those actors may have the ability to know how to actually access and take advantage of this flaw. what is important is there are no known attacks ongoing right now. we are still unsure if you can execute this remotely or you need to be on the user machine. there is a lot we don't know. it just reinforces two things, one, the software we are operating is quite secure. the second is that we know that

if i determined adversary was to gain access to a machine, they are going to gain access. this is another way they may be potentially able to exploit. emily: what can consumers do? >> they need to update. there will be 2. there will be software and hardware updates. it is easy to take down a software update. we do it often on our iphone and everything else in the house. the hardware update may be difficult, depending on how they push that out. it is going to be straightforward, given the attention this is receiving. i think the manufacturers are all over this and we will be fairly protected. it enforces that you need to protect your data and understand who is accessing it. our home,we do with do extra precautionary measures

for what is important and make sure only certain people have access. emily: what do you think this foreshadows for the year ahead in cyber? >> i think it will focus a lot of attention. as bad as this is, it is going to lead to better things. what you do when you find these weaknesses is you redesign things. uv architect software. you rebuild software. -- you really architect software. you rebuild software. to address a point you raised, it is common in the security world for people to tell people about an issue and give them time to fix it. normally what project is they give people three months. because this was deep level, they needed more than three months. they were scheduled to do it january 9. next tuesday was the scheduled date, six months past when they got it. they knew they needed the extra time. bottom line we will see more , awareness of how this process occurs in more sensitivity to what is going on, people having

to figure out how they do this. we will have to have better update policies. it will be hard to update. apple will probably do it as a combined update. on a pc, it will get messy for a lot of people. emily: we know companies are cooperating more clearly. the vulnerabilities being discovered are more specific, yet hackers are also getting better. is anything changing? are we under any less or more of a threat? keep it in perspective. understand your threat and what you need to do to make sure that you are adequately equipped. remember to protect the data. that is were security needs to live. it is not about just protecting the software. it is understanding your data and who interacts with it. it is a layered approach. it is basic training. it is all those elements together that are going to increase our cyber hygiene and make us better.

emily: that was brian white and bob. barclays analyst says apple's offer to replace iphone batteries cheaply could mean a big drop in future sales. he writes that apple may sell up to 16 million fewer iphones this year. the analyst expects some customers to take it manage the discarded batteries and skip potential upgrades to newer models in 2018. coming up, tesla pushes back a key production target again, raising questions about whether the electric carmaker may need to raise more cash. later, we hear from the blackberry ceo. he discusses the company's turnaround plan. this is bloomberg. ♪

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plan: abandoning their merge with moneygram international. the company failed to win approval from the committee on foreign investment in the united states. the panel has become more active in blocking chinese investments in american companies. last year, the company offered $18 a share in cash for money gram. the deal was valued at $1.2 billion. tesla pushed back a production target for its all-important model three yet again after shipping fewer cars than expected last quarter. shedding light on elon musk's hell.onfessed production the company expects to hit producing 5000 cars a week, delaying the goal by another three months. we broke down the numbers with max jeff can -- with max.

why are these numbers so bad? max: they are bad because this is now another delay. elon musk last year said he hoped to be hitting this 5000 a week goal by the end of the year, then it was three months, now six months. as bad as these numbers are, tesla has done a good job of managing expectations. if you look at what analysts were saying at the beginning of the week, a lot of people were expecting some disappointment. basically, musk has has conveyed to investors and the public that he wants to get this right. that gives ammunition to skeptics. who are questioning of tesla what areble to meet wildly ambitious production goals in the middle of next year or even later than that. emily: we have a chart showing production on the bloomberg here. it shows the number of cars produced every quarter. overall, they are holding about

steady, but what do the numbers overall indicate about how hellish production is? max: it is below what we were expecting. i wouldn't read too much into the production numbers of the more expensive luxury cars, because a lot of consumers want this model three. the mass-market car. tesla already has claimed a big chunk of the luxury car market. the real question is, after you get into the mass market $35,000, $40,000 range, whether the company can do things the car companies have been able to do. elon musk has done a fantastic job of getting analysts, getting everybody to see this as a bet on the future. the future gets closer each quarter, and each quarter that

tesla isn't able to get this mass-market electric car we have been promised, the sales pitches are going to get harder, and it is going to continue to cause people to ask questions about the company's future. emily: why is wall street focused on this when the numbers are still small? max: for tesla to justify this enormous valuation, it needs to be a mainstream car company. it needs to produce these mass-market numbers. not just to justify the valuation, but to meet the ambitious goals that elon musk has set for himself's, and humanity, as he would probably put it. himself, and humanity, as he would probably put it. if you want to get us off of fossil fuels, you need to get the cost of electric cars down. it is good to sell luxury suvs, but if you really want to make a dent in the universe, so to speak, then you need to sell

these mass-market cars. emily: analysts are saying tesla is way ahead of the competition still. put this in broader context. max: any problem that elon musk and tesla are going through at the moment, his competitors are going to have to go through it. what tesla has said is one of the big problems happening is at wherempany's giga factory they are making the battery packs. any other company that wants to make these electric cars is going to have to deal with battery production issues. toyota, gm, ore whatever will have to go through this as well. the other side of that is these are companies that are experienced in dealing with supply chains, manufacturing big pieces of machinery. tesla has less experience. maybe they will be will to deal with it faster. that said, tesla has done well as far as getting people to buy

electric cars. the model s has outpaced expectations. david: blackberry takes to the road with the chinese internet giant. we will hear from the ceo, next. we will speak with the microsoft president about the role of technology in the current u.s. administration. this is bloomberg. ♪

♪ emily: google saved billions of dollars in taxes in 2017 with its structure. the setup involves shifting revenue to a dutch company with no employees, and then on to a bermuda mailbox owned by in ireland registered company.

google is under pressure from regulators around the world for not paying enough in taxes. blackberry has signed a deal with baidu to work together on driverless car software. the ontario-based company's vehicle operating system and in car entertainment software will be bundled into baidu's self driving car platform, apollo. we spoke with john chen about the deal. john: we have been working with most everybody in the ecosystems, and this is one of the latest announcement of a number of partners we have signed up. we have qualcomm and others. all in the last four to five months. this just happened to be the next major partners we signed on. emily: how does this help blackberry push into the self driving car industry?

john: we are providing, in all cases, we are providing the safety operating systems, safety and security operating systems for autonomous vehicle and platform. that is one of our strategies, you know very well, when we first talked about me taking this job, was to create a category for us to dominate in. i would not use the word dominate, but we are certainly doing extremely well in that category. emily: how will blackberry help baidu become a dominant player in the car industry, which is their goal? john: it is quite ambitious, utonomous vehicle platform.

they are putting together some code and a lot of partnership. they pulled us in as their operating system platform. they picked us because of the safety and security platform. with that, they should be rather complete in going after the auto industry. i assume the auto industry will go beyond just the auto that you and i know of today. they are going to provide maps and digital information also. i think this is a pretty good partnership, and we are bringing some good things together. emily: talk to us about the impact you see of this partnership on blackberry's business. give us any hard numbers, if you can. john: i can't give you any hard numbers. i know you have to ask. it is going to be our growth platform. my growth is on the enterprise software, especially with

security and cybersecurity. the next leg of our growth is with the auto. we are going to go beyond auto into the iot world. it is a huge market, and it is growing. we are very fortunate. emily: are there any other partnerships with other automakers in the works, and how do you plan to pursue more partnerships? john: you should expect us to continue to expand our ecosystems. our attention the last two or three years has been winning new design, joining new partnerships, creating new platforms, like the one we just announced. human-machine interface. all really good, new stuff, some of them a little sci-fi-ish.

it is going to have been. you should expect blackberry to continue to grow the partnership and that ecosystem. -- in that ecosystem. emily: how does this fit into blackberry'sf broader turnaround strategy? what else is working? it has evolved considerably since you have taken it over. john: that is a great question. i would not call us in a turnaround mode anymore. we make money. we generate growth in the right area. we have a very good footprint in the cybersecurity enterprise. the regulatory industry and particular like banks and the government. those are growing. the last quarter, the billings in the enterprise software grew 20%.

we are announcing really big design wins. i am hoping to see more, and you should expect to see more. when we marry the two together in the future, we are going to have a platform of security for iot management. as i said, i am excited about the future of the company. we are executing to it. we are showing results. it is not just the strategy or piece of paper like the first time you when i spoke. now, we are really delivering. i am very pleased we are doing that. emily: that was john chen. coming up, the iranian government is cracking down on social media, as ways of -- waves of protests gripped the country. a reminder, all episodes are now live streaming on twitter.

check us out. this is bloomberg. ♪

♪ emily: welcome back to the "best ♪ emily: welcome back to the "best of bloomberg technology." i am emily chang. antigovernment protests have swept across iran this week. we talked about this with a former analyst. >> this is not really surprising. iran has already had a number of social media sites and applications blocked prior to this. they have done this in the past, restricted access. there has been additional blocks put on. telegram channels have been blocked.

we are seeing that there have been potential internet shutdowns in various parts of the country as well. none of it is surprising. the iranian government taking on a higher form of censorship now, as they are trying to crush any form of dissent. emily: i am recalling the use of twitter back in the day years ago which precipitated the blocking of twitter. talk to us about how protesters are using technology in iran today, how it has evolved from those years. >> technology has been critical, obviously now compared to 2009 you have had a rise in not just the number of individuals using iphones in mobile devices, but you have had growth in terms of individuals all over the globe using social media and different applications to communicate.

in some cases, encrypted applications. this helps them organize, communicate, coordinate, and spread ideas in opposition to the government. i think is the technology being critical. it is worth noting that, even though the government in iran is taking steps to quell protesters by blocking their axes, the iranians have gotten savvy about workarounds. a lot of them have ways to access these platforms even though the government has prohibited them. emily: we should note that the use of technology has a dark side, including telegram. telegram has been reportedly used by terrorists to communicate. is that correct still? >> absolutely. one of the other areas the

applications have been used for have not been for peaceful protests, but also by terrorist organizations. this is something technology companies have been grappling with. isis and other terrorist organizations using telegram on public and private channels. it is something my organization has actually been pressuring tech companies on in terms of cracking down on content which violates terms of service in the case of terrorism. in the case of iran, much of the protests that have gone on are peaceful protests and demonstrations, things that the united states government is in full support of. i believe the state department has also been using these channels to communicate with peaceful protesters there as well.

emily: what has telegram in particular done to combat the use of its platform for terrorists? >> you are seeing the tech companies become a bit more responsive. you saw youtube, part of google, takedown videos recently. telegram still has a ways to go. in some cases, a lot of these channels are closed. in some cases, there is encrypted communication. we think telegram should be enforcing its terms of service. any content that violates it should be taken down, not be permitted, and users that are affiliated with terrorist organizations should have their accounts suspended. this is something we have seen tech companies be more responsive on over the past year after coming increased pressure not just from the european union but from capitol hill. democrats and republicans alike. particularly in light of the recent hearings on russia propaganda, lots of concerns about nefarious actors using these platforms in ways that are

in violation of the terms of service. emily: we talked about this over the years, but what do you expect to come from tech companies this year like facebook and twitter when it comes to combating these issues more head-on? what do you hope to see? >> you are going to see a continued buildup of pressure from capitol hill. you will see more hearings centered on terrorist used of platforms. and what tech companies are hand are not doing. i think you will see a push for more regulation in this area. if you don't see the tech companies start to take specific measures to show progress to get these actors off their platforms. look, we have a list of individuals that are on sanctions lists. you can't do business with those actors. if you do, you are in violation of these sanctions policy. in a similar way, our opinion has been they should not have free reign promoting terrorist content to operate in virtual safe havens on platforms. you will start seeing more public pressure.

i'm optimistic you will see tech companies be more responsive. i hope it doesn't take more terrorist attacks and deaths before they do so. emily: that was tara. from the counter extremism project. well, many companies protested the immigration policy. one was microsoft president and chief legal officer brad smith. they asked smith about the role of technology over the next five years. ♪ >> we are seeing technology have several important impacts. with the advent of artificial

intelligence, we will see an ongoing impact on not just businesses and government, but also economies and jobs. i think people are bracing for that, but we are still looking to the future without a clear since its of what exactly which jobs will be eliminated, which new jobs will be created, what new skills people will need in order to take these jobs. the other thing to think about is the international aspects of this. at one level, information technology has become more global. the industry has become more global. we are seeing the rise of china, chinese tech leaders emerge as global tech leaders. we are seeing fragmentation in the technology sector at the same time. five years from now, we may see more of that fragmentation.

tom: part of your charm is you are not in silicon valley. you are up in the real world. you are in seattle, washington. silicon valley right now is opinion on a four washington. pinata forow is a washington, d.c. everybody is going after silicon valley. how afraid should san francisco and the cliche of google or apple, your competitors, how afraid should they be of washington in 2018? brad: most people seem to think seattle is right next door to silicon valley or part of it. there is increasing tension between the west coast and east coast. i think we have seen this unfold over the last decade. you see political commentators

in washington, d.c., identify the tech sector as a piñata, as you mentioned. it is not just those on the left. it is those on the left, center. i don't know that people have yet transferred that concern about technology into a defined course of potential medical -- political regulation, but that could come. i think it behooves us in the tech sector to be listening to that. and, to address the concerns and even just a technology concerns. silicon valley has sometimes been slow to do. tom: let's move to the commonwealth of massachusetts and talk to ian bremmer about the tech commons. what a great phrase. what does it mean for us?

>> the president of microsoft said it increasingly looks like you will see fragmentation. as we move from the information revolution to data revolution, it is more top down. the way people are engaging and the filters they see to engage in commerce or surveillance, those are increasingly either coming from fragmented companies competing with each other or through the chinese government. those are two completely different models. that is not the u.s.-led globalization that we have been thinking about the last 40 years. you can make an argument that the facebook's and google's and microsoft's are easily as strategically important for the united states, for our economy and national security, in the next 10 years, as lockheed and raytheon were during the cold war. i don't think the u.s. government is prepared to align with these companies that way. i don't think the understand how to do it. i also think silicon valley libertarianism is problematic there. but in china, it is not the same thing. incredibly anl be

important space to be a leader in. francine: if you have these transformational changes and how you retrain people and educate people for jobs we don't know of yet, who and how do you educate the government to give it to be able to do that retraining? brad: when you look at government support or investment in artificial intelligence, one would be hard-pressed to find a government that is more focused or determined than the chinese to make this area a success. you can contrast that what we see in washington, d.c. were this administration is more focused on traditional manufacturing and the so-called digital or new economy. we see an enormous divergence there. when you then get into the area of skills, i think it is a lot harder to find a government that is really out at the forefront yet. in the united states, we see some leadership at the state level, which is not surprising. colorado, the governor has been very focused on this.

look at the united kingdom, which has been investing in getting coding into schools. it is such early days when we think about the impact of artificial intelligence on jobs. i know think any government has formulated a strategy to address it. francine: a lot of people expect a lot of these changes to happen in the next 10 to 15 years. are we underestimating or overestimating? brad: over the next two decades, it is going to be an artificial intelligence era. it is going to reshape every sector of the economy. it is going to touch virtually every job that exists today in every country in one way or another. emily: that was brad smith on bloomberg surveillance. coming up, spotify's

unconventional public offering. the latest details and what it means for startups looking for an exit, ahead. this is bloomberg. ♪

♪ emily: didi chuxing company is buying 99 taxis. it puts the company in direct competition with uber. last year, the company led an investment in the brazilian company. terms of the deal were not released. the industry may become dominated by global companies instead of local monopolies. spotify has confidentially filed for an ipo.

spotify will go ahead with the plan to skip a traditional stock and list it directly. we spoke about it. ♪ >> a spotify had planned to go public in 2017 or 2018. it really came down to when they could get their books in order. they felt like they closed their books from an accounting perspective in just a couple weeks. they are comfortable with that. they never needed to go to public just to raise money, which is why they are taking this path of a direct listing rather than a traditional ipo. it is really just a matter of the path they could do it that they work comfortable with. now they are feeling comfortable. emily: how is a direct listing different? in a classic ipo, you hire bankers. they help you crack the story.

they had a roadshow. they tried to find out in uncertain terms. by the way, that costs money. >> exactly. they tried to determine valuation. this cuts out a lot of that. they pay the underwriters anywhere from 2.5%, which is what snap did. with this, it is different. they just came out and said, look, our stock is trading now. in the past direct listings i have looked at, these small companies that have listed, they basically just open the shares on day one like a normal open auction. that can inject some questions. is there enough supply, enough demand, where does the price stand? these are things that could inject volatility into the shares. you might cut out some of those underwriting fees but it seems like if they are moving ahead with this, they don't need to go out and scream their story from the rooftops like a classic ipo

and they do not need 14 banks coming in telling them how to sell their story. it seems like, if they are moving ahead with this, they say they don't need to go out and scream their story from the rooftops take a classic ipo, and they don't need 14 banks coming in, telling them how to sell their story. emily: what does this mean for the economics of the early investors? does it mean more money for everyone in the end? >> those investors who choose to sell when they have the opportunity are going to make a killing. the company is valued at as much as $20 billion. while i am sure there will be some complications as to who gets to pull out money when or the terms, most of the early investors, should they choose to sell, are in line to make a killing. i do think that avoiding the underwriting fees may be somewhat of a automation, but the choice to go with a direct listing reflects the company led by a guy who really enjoys doing things differently from how the system tells him he needs to do it. that is a big motivation here.

emily: is it the right strategy, and is there a president to this? >> the direct listing precedent isn't there for a big company. it does make me think back to google. it was a different kind of ipo. they had to cut the price down, cut the number of shares. they came out a year later and sold $4 billion worth of stock. questions about dilution. precedent for doing things differently. this will be the first real test case. when i talked to my sources in the ipo world, nobody has really come out and said i want to do this next. everyone is going to watch this carefully, especially the biggest companies who don't need the capital. this might be something that is considered. it is a big if right now.

emily: we know the valuation is high, but what do we know about spotify's financial and engagement situation as compared to apple music? >> a spotify's revenue has been growing rapidly, along with its user base. the arrival of apple and competitors, if anything, helped spotify. spotify now has more than 60 million paying customers, more than 140 million users, and it's margins have improved. it has negotiated new deals with all major rights holders, record labels, publishers. betterve it slightly terms. most of the people who pored over different filings they issued say that picture looks better and better. they have real cash flow, which a lot of startups don't. emily: quickly, talk to us about the implications of this lawsuit we just learned about. >> there are a lot of songwriters upset with spotify, because they feel like they never had their work licensed or are not getting paid enough.

spotify thought it settled this case last year, but some other songwriters filed suit recently. they have asked for more than they are likely to get. this is something spotify would like to do away with before it goes public. emily: that was lucas shaw and alex barinka. coming up, we previewed the world's biggest gadget show. if you like bloomberg news, check us out on the radio. you can now listen on the bloomberg radio app. this is bloomberg. ♪

♪ emily: lyft is said to show off a fully automated ridesharing service next week. lyft and uber are betting driverless vehicles will be a pivotal point to their business prospects. plansear, lyft announced

in.llow drivers to plug staying with ces, google is setting up a booth for the first time in years. executives will be roaming the showroom. we caught up with a roving reporter for the details. >> we expect more of last year, which was home speakers and alexa were the big part of the show in las vegas. now, a lot more competitors. google is pushing speakers. apple is working on one. samsung and chinese companies are there. what we are seeing this year is a lot of the major tech companies here and china are working on artificial intelligence and ai features where you have software combining with hardware. emily: what is google's interest here? >> google is a lot in hardware this year. they have their pixel line. google wants to make sure they don't see the living room and a

lot of the home spaces to competitors like amazon, apple, facebook. google is aware the future is moving to a world of using devices beyond the phone. emily: my question was going to be, does it seem like anyone is in the lead when it comes to the living room? amazon got a head start with echo. apple is coming to market soon. >> the market is still pretty young. amazon has a big lead with developers, which is key. they are having a lot more developers held apps. that is still pretty premature. i think this is a chance that school, apple, companies coming out of china, they can make a

mark here. emily: when we say executives will be roaming the showroom, what does that mean? >> apple executives don't even wear name tags. this will become much more of a priority for companies. my colleague wrote a good story about this. down the supply chain, you need a specialized chip, you need a lot more hardware to keep up with expansion and software. this is where the show is major for car companies. the epicenter is gravitating towards silicon valley and las vegas. car companies will be prowling the showroom floor for the same reason. emily: i want to ask you about it eric schmidt stepping down. the chairman executive is stepping down from alphabet. he is still on the board. there is questions about why this is happening out. is there something bigger at play? >> i don't know about something bigger. he stepped down from a larger role.

he was sort of the ambassador, the secretary of state for google for years. the google ceo has become much more of a public face. eric schmidt was with the hillary campaign. he has been in d.c. since the election and fallen back a little bit. you have the general counsel, government affairs team. they got there. google does not have a global policy chief. they have an interim person right now. emily: that was mark bergen. be sure to tune in to our coverage of the world's biggest gadget show, including our interview with the sony ceo on tuesday. that does it for this edition of the "best of bloomberg technology." tune in each day, 5:00 p.m. in new york. 2:00 p.m. in san francisco. and remember, all episodes are live streaming on twitter. you can check us out. that is all for now.

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