tv Best of Bloomberg Technology Bloomberg January 21, 2018 6:00am-7:00am EST
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♪ >> i am selina wang, in for emily chang, and this is the "best of bloomberg technology." coming up, big tech is back on capitol hill and this time, it is all about fighting online extremism. amazon narrows its list of where it will build its headquarters. with thousands of dollars and billions of dollars at stake, we will catch you up on the details.
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apple brings home hundreds of billions of dollars in overseas cash to the u.s. we have the stories. now to our lead. amazon has narrowed the field for hq2, its second proposed headquarters in the u.s. 20 cities made the cut. among them, new york, boston, chicago and austin. the project is expected to cost $5 billion and create 50,000 jobs. we caught up with our reporter for amazon along with intella's ceo. >> i wouldn't read too much into the three areas around washington, d.c., because amazon is likely targeting labor pools, and those very often cross geographic lines. even though that could simply be amazon focusing on that general area, but it has to negotiate with different political groups because of geographic
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boundaries. >> i know your firm has been digging into the tech hubs in the country. what did you find? did many of them line up with what amazon has released? >> we looked at a lot of our data, which we have on almost half a billion people in terms of their skills and capabilities. what you find is that a lot of the bigger cities like new york and los angeles tend to have the most candidates to pull from him -- pull from, but when you look at the list, you have proximity to universities. pittsburgh being proximate to carnegie mellon. if you are looking for technology, that would be a relevant factor in the equation. : amazon also received hundreds of proposals, so what is the process to narrow it down? >> what will happen in the next 10, 20, 30 years. where do people want to live? they will factor in public transportation, cost of living.
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i think it breaks down to talent. can they find enough talent in that location? do people want to live there? selina: what characteristics do you think amazon is looking for? we have a city ranging from new york to suburbs like montgomery county. >> i think the main thing a size -- the main thing is going to be size of labor pool and the type of talent. amazon churns through people. typically people have three years or so at amazon. if you're talking about 50,000 employees, you have to take into -- you have to account for turn and attrition. selina: what will it take to attract people to the city they choose and where are they going to come from? will they be silicon valley transplants, organically grown? >> this is why education and the university system are so important. when they look at cost of living and their hometown, they love to
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-- they would love to stay if there were enough jobs. people gravitate to the bay area and other areas because they perceive that their own hometown does not have the economic opportunities. and onezon to base hq2 of the smaller cities, it would be a bet, to say they will be able to keep the talent there versus watching the talent leave and go to other places. one other factor is amazon's focus on a diverse workforce. if you think about where there might be greater pools of diverse candidates, that might be a factor. selina: amazon has received huge tax breaks to build its delivery and warehouse systems across the country. what sorts of benefits do you expect them to get for this new headquarters? >> if you think about the warehouse jobs, those are generally lower skilled and lower paying. it is going to be easier for
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politicians trying to justify even better deals. this is huge. 50,000 jobs, total compensation including benefits and the -- in the $100,000 range. these are a big economic impact. whatever you saw for the warehouses, you can expect to see that and more so for the headquarters operation, which is trained professionals earning good salaries and buying homes and a good economic ripple effect. selina: amazon has completely transformed seattle, brought great economic wealth as well as strains on the infrastructure. what do you think this means for the chosen city? >> i think it is huge. not only do you have the commitment amazon has made them -- has made, 50,000 jobs, but it is the follow-up effect. amazon will base their headquarters there. you will bring other companies, other innovation. it may be more appealing now to
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live there, go to school there. it is huge. this is why have seen so many mayors go to great lengths to try to attract amazon. they recognize there are not 100 amazon's in the world right now. that was entelo's ceo and spencer. facebook had a lot of thing on -- had a lot of things to say to capitol hill this past wednesday, but our next guest inks it still has much more to come clean about. if you like bloomberg news, check us out on the radio. this is bloomberg. ♪
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this is in response to concerns about fatigue and exhaustion. it will require drivers to take a six hour break if they worked for 10 consecutive hours. to enforce this compliance, workers will be prevented from logging into the app during these rest periods. wall street had been expecting a drop, but the company's guidance is worse than what analysts were anticipating. now to make hit -- the automaker kicked out the detroit auto show by pledging to invest $11 billion to bring 40 eligible vehicles to the market by 2022. representatives from facebook, youtube, and twitter were on capitol hill this week, but this time to testify about how they are fighting online extremism. they appeared along with a former fbi agent before the senate commerce committee, and they were pressed again on a lot
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of the same topics that came up during last year's hearings on russian interference in the u.s. presidential election, but perhaps the most dire warning came from a senator from montana. >> this is a really important issue. from all of the questions that were asked before, but our democracy is at risk. we have got to figure out how to get this done and get it done right and get it done quickly. we may not have a democracy to have you guys up to hear you out. selina: in response, facebook touted the media giant's efforts. >> we now have more than 7500 people who are working to review terror content and other potential violations. we have 180 people who are focused specifically on countering terrorism. selina: facebook's efforts against online extremism aren't the only things the company is having to defend lately. the very nature of the company is being questioned.
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our next guest called them a living breathing crime scene for what happened in the 2016 election. the closestalled thing silicon valley has had to a conscience. >> they have unleashed pandora's box. they have 5 million advertisers cycling through the network every single day. there is no way to check how the advertisers get matched to each individual user. there is billions of channel on the new tv and there is no way to be accountable to all of that complexity. the have unleashed this civilization scale mind control machine. they don't know what thoughts are being pushed into 2 million mines. -- minds. 2 billion people use facebook. that is more than the followers of christianity. these products have daily influence over that many people. >> it is massive. what do you think of the changes
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facebook recently announced? about focusing more on friends and content from family as opposed to this? >> it is a step in the right direction. zuckerberg titled his post as we are embracing time well spent as the future of the direction of the company. that concept came from myself and my colleague. we have been incubating the concept of time well spent and the concept of a time-based economy for years. it is great that they are embracing the concept but it goes against the advertising-based business model. you can't ask somebody who's entire stock price is codependent on telling wall street that we have this many minutes of people's day. it is simple multiplication. if they are going to say we are going to cut down on how much time people spend, they can do a tiny bit, but not that much. the real question, are they willing to examine the business
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model? emily: you called facebook a living, breathing crime scene from what happened in the 2016 election. that is a bold claim. what do you mean? >> no one actually has access to what happened in the election. only facebook has that data. can we trust facebook with telling us the truth? if you look back at what they have said since literally a year ago when mark zuckerberg said it's a crazy idea that fake news had any impact on the election and then continuing to withhold and delay and differ the release of information. first it was $100,000 in ads, then a lot of researchers did lots of background research, finding that the russia campaign influenced 150 million people, and facebook did not admit that until the day of the november 1 hearing. they are telling us that we should trust them to self regulate. they have not earned our trust. in that way, it's a living,
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breathing, crime scene. emily: you first started drawing attention to this when you were at google. you wrote the first google memo. what were you raising alarm bells about and what was the response? >> what i said in 2013 was, i was a product manager feeling frustrated. i didn't think we were taking our responsibility seriously. i made a presentation that said never before in history have 50 engineers 20 to 30 years old living in san francisco influenced what one billion people are thinking and doing with their time and their attention, and we have enabled this channel that is exploiting people's cognitive biases. we are exploiting people's psychology. we at google and other large technology companies have a moral responsibility in addressing this problem. the presentation with viral. it spread to 20,000 people. it became the number one meme in
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the internal culture tracking system. i ended up talking with larry, and i ended up working on this topic ever since 2013. this was way before fake news and the election and everything else. it was an awareness that these technology companies have a larger influence on culture, elections, children's development than almost any other actor, political actor so how do we start to have that conversation and ethically be careful about where we are steering 2 billion people? emily: how did larry respond? >> across the company, there is a real seriousness and taking to heart the message. google is actually a very ethical company. the real elephant in the room is the business model. the advertising-based business model means all of these attention-based companies, youtube, snapchat, twitter, facebook are all in the business , of capturing people's attention. youtube's stated goal is how do we get billions of hours?
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emily: did he have knowledge that? did he share your views or sympathize with them? >> i don't recall specifically. the conversation likes to get avoided because it is a uncomfortable thing to look at all stop usually, -- look at. usually, it is a innocuous thing. people want to know, how much time are people spending on the web versus in an app? s -- s and as you start measuring how much time people spend in the web browser, all these 20-year-olds start working to try to maximize how much time they are spending. you measure what you measure and you ask yourselves what do we , actually care about? should these products be designed for addiction, which is what they are designed for now? it has huge public health consequences for children. emily: what are those consequences? there isn't a lot of research on how tech impacts children. there is so much concern about it, but we don't actually know. >> there is a great article that got a lot of traction.
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it talks about many of the cultural and social impacts on how addiction to smartphones have changed our relationship, changed children's relationship and children's dynamics. people are more isolated, more depressed. if you look at the dynamics. snapchat puts the number of days in a row that you sent a message as a kid to all of your friends. they are cementing this number as a design technique to keep getting this ball tossed back and forth. if they stop tossing that ball back and forth, they lose the number. kids start defining the currency of their friendship based on whether they are sending this empty message back-and-forth. snapchat, that is the number one way for teenagers in the united states to communicate. you have teenagers out there throwing empty messages back and forth. is this designed to help us or addict us? emily: you mentioned the article in the atlantic.
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there really was no stand taken. it is fairly neutral. in part, i think, because we don't have a lot of the answers. >> i think what we can know is the motivations. if you look at what are thousands of engineers at facebook go to work to do everyday? do they wake up and say how can we strengthen the public square? no. thousands of people go to work to drive up one number, which is how much are people engaging with and increasing the time they spend on these services. i want to live in a world where the tech industry is actually about helping humanity. there is a lot of ways they can do that. we start of nonprofit, time well spent that is about changing and , realigning technology with human values and what technology is supposed to be for. why would we not have it that way? emily: have you heard from facebook, mark, cheryl, or google? >> i have had lots of conversations. these people in the industry are my friends.
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there is a reluctance to admit the extent and scope of the problem and that the business model is the problem. there is a lot of good intentions, but until we get clear that the business model of advertising is fundamentally misaligned with democracy, if the business model, i have to capture your attention, that means it is better for me to confirm your worldview and give you things to agree with what you are thinking than show you things that you disagree. emily: the subscription model -- does the subscription model for facebook eliminates these -- illuminate these conflicts. >> it changes who the customer is. who are these engineers working for? us. emily: what about the people who can't afford the subscription? >> they will say, do you want to introduce inequality in the system where only some people
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can afford to pay? the challenge is that the advertising business model has invaded us to a bunch of cultural externalities. we have to ask, how much do those actually cost us? how much does it cost us in terms of extra data plan usage? is a free business model really free when you add up the costs? half of the stuff we download is probably ads. if you cut that out, we would save a lot of money as consumers. we have to figure out, what are we willing to pay for? selina: that was tristan harris. former design ethicist at google. coming up, a cryptocurrency crutch. bitcoin falls below $10,000. has the bubble burst? a reminder that all episodes of bloomberg technology are live streaming on twitter. check us out. this is bloomberg. ♪
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♪ selina: bitcoin continued its tumble at the start of the year, falling below $10,000 this week after hitting a record high a month ago. the selloff brings more trauma to a digital coin market that has lost more than $300 billion in value in just four days. it comes after a rally that push put -- that pushed bitcoin higher by 1400% last year. emily chang caught up with a partner at blockchain capital to discuss. >> there is a couple different ways to frame this. one is just what you said. the market is down 5% 50% from its all-time high, but the other way is it is up 1000% over the past year. when we talk about a correction, all we have done is gone back to the all-time highs we set six weeks ago. it hasn't been much of a correction yet. emily: i want you to take a look at our chart, which shows our perspective on bitcoin.
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you see the run-up. you also see the fall. where do you think this is going? are we coming back to earth? is this reality? >> there is two different sides to the story. there is the bitcoin side. if we think about what is going on in the market, it makes sense in the context of there was a lot of activity leading up to the launch of these derivatives and futures products that to the institutionalization of bitcoin. some of those speculators that piled in beforehand exited their positions, driving price lower. some people were expecting these institutions to enter the market. in reality, institutions moving -- move in a scale more of years, not weeks or days. i still think that story will materialize, but it might take a couple months. emily: do you think we are in a bitcoin bubble or a bitcoin bubble is popping right now? >> i don't think we are in a bitcoin bubble over the next three years. if price goes lower, we will
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call it a bubble. we will look at the all-time say it was0,000 and a bubble. if we look and we see it higher three years from now, we would say it isn't much of a bubble. emily: how is this impacting the investing landscape? what is coming across your desk? is it changing your level of enthusiasm? >> we are a venture firm. a really long duration in all of our positions. we can be really patient with this market. we had taken money off the table and we are holding dry powder. as the market goes down, we can buy back into the positions we like and cheaper prices. we will do that when the time is right. emily: what kind of positions do you like right now? what are you optimistic about? >> i like bitcoin. it is the most resilient of the crypto assets out there. it doesn't rotate all the way back. a lot of it stays trapped in the ecosystem. while most investors consider it
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-- bitcoin to be far out in the risk spectrum, within the crypto community, this is viewed as the safe haven. emily: what about the smaller assets? what are you most excited about? what is the next bitcoin? >> some of the assets could have a lot farther to go down. are valuedese coins at hundreds of millions of dollars and have not released a product yet? how do we explain those kind of valuations and price moves? emily: you can't. >> i think we can. early stage investing has been romanticized a lot over the last couple decades. people here about the stories of being an investor in uber and that is an opportunity not a lot of investors have had access to. i ceos have created an opportunity for retail investors to participate. how do they react? they were like kids in a candy store. a lot of those people are learning the hard lesson that investing,stage failure rates are high. emily: are you waking up every morning, checking the price?
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is it volatile? >> it is. we are watching it. we are not so emotionally tied to it, because we are long-term investors. emily: this is a big move in a matter of weeks. >> it is. overall, it is healthy for the ecosystem. a lot of people rushed in over the past three months, because they thought there was easy money in this market, free money. they underestimated the risk involved. this is a healthy reminder about the level of risk involved in these markets. selina: that was spencer bogart. coming up, apple plans to bring back billions. all of the details on the repatriated cash, up next. plus, a new report describes hazardous working conditions at an apple supplier in china. we will head to asia. this is bloomberg. ♪
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selina: welcome back to "best of bloomberg technology." this reported that apple will return hundreds of billions of in overseas cash to the u.s. in statement, the company says pay $38 billion in he repayuation tax. chang caught up with alex webb. >> billion dollars in the u.s. on new campus for support. they got one of these in austin.
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that's not something easy to do in china. that's a job that has to be done the u.s. emily: how many jobs that will create? create $20,000. employees84,000 already. emily: okay. what else does this mean? interesting.that's if you really look at the numbers. the big number they want talk about is they're going to spend $350 billion in the u.s. over the next five years. odds are they would spend that money already. bill.or the tax $30 billion to spend in the u.s. theou subtract from $252 billion they have offshore, they still got huge pile of cash. shareholders will be excited about that. there are three ways they can it.
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m&a and repayment of debt. over hundred billion dollar in debt. ons apple have track record m&a no? i think broadly peeking the is that a lot of money goes to shareholders. biggeste know the company they've ever bought is beats. a $3 billion acquisition. shazam.ght people like look to microsoft to get massive deal. had to write down almost the whole thing. apple also has a sense, we've got lot of money. that money spend on
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r&d. we know they tried to express interest in acquiring imaginary technology. the chip makers. they made that indicate that's an area of interest. does this posess position with apple and what's happening with the administration. there's been not response from trump yet. will jump on he this as way of underscoring what he has huge campaign pledge back to theng jobs u.s. the fact that bringing jobs here is the kind of plus point in the political ledger book. selina: that's alex webb. apple's largest chinese suppliers is getting slammed for harsh working conditions. for the manufacturer iphone brush metal casings is after right group found violations on its factory floors.
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bloomberg managing editor peter joined us from tokyo. >> it's important to note, out from chinat liberal watch. we spent bloomberg news reporters to the factory to ahead of thisers report coming out. they described quite harsh conditions. they're working under. he talk about standing up for 10 hours. hours straight in hot factory conditions as they work on these iphone casings with lot of noises. statements they say they don't equipment,oper including masks, gloves and ear plugs. they talk about the difficulties there. they also talk about if you're a claustrophobic, the door 10 inches.about our reporter was able to visit their dorms too to visit living
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condition. they are cramped and many workers jammed in small rooms. no showers and no hot water. it's a quite difficult condition. they are cramped situation for these workers and they about how they've asked for some of these protections and haven't been able to get them. safety comes to training, they supposed to be getting 24 hours of training there they begin working at factory. some cases they are forced sign off on the paperwork before they training. that some cases getting only an hour of training. only opensdoor 12-inch. how do these kinds of descriptions compare what we've heard about apple suppliers in the past. which hasn't always been the most glowing reviews of the conditions. >> that's right. apple has worked hard at addressing these kinds its supplysues chain. back in 2010, there was a rash suicides at hahn hi.
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the primary partner for making the iphone. actions to address that. set up counseling services. provided 24 hour hot lines to call in issues. some of up nets to stop the suicides. they have worked hard at this. up thesein putting annual supplier reports talking about their supplier responsibilities. year they did more audits than ever before. are addressing this. it's important to note, offshore saveacturing to be able to money and make higher profits shareholders. emily: apple gets lot of attention. know about how these conditions compare to suppliers companies?lectronic >> it is ongoing issue in china. mentioned, apple and its
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supply chain have been working hard at trying to address these conditionsmake the better for their workers. there are ongoing exactlies throughout china. they take on this high-tech manufacturing. they are considered some of the jobs in the country. the wages may not sound much in this case. were making little bit more than $600 a month. little bit more than $2 an hour. reasonablyat's a healthy wage. relatively healthy. selina: bloomberg peter elstrom there. battle to save net neutrality. we'll talk to the state attorney effort.leading that uber board member ariana huffington. about a has to say potential uber i portiopo ahead. this is bloomberg.
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selina: story we're watching. is accelerating conversations. the company is expected to be techly watching how other companies in the market. other recourse sources, survey considering making last minute acquisition on another company in the space to enhance its value. group of 22 state attorney generals and public interest suing the fec over net neutrality decision. this is the latest motion in the ongoing battle over the future of the internet. bloomberg bonnie quinn spoke to the attorney general leading the fight against the fec. california, xavier becerra. >> it's beginning what i hope is win.ht we can that means lot of people in this
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country will no longer have access to that internet the way they've expected it. we all want choices. we want the freedom to choose. if you get rid of net neutrality, all of a sudden, you go toward a system where the have it all. >> what about the idea that the signed anjust executive order to make it easier for companies to put areas.and in rural >> it won't work. a companyy would invest money in a rural area where you can't make that much money? people.en't too many instead of going into the higher income areas of the country or areas. populated that's exactly why you need to have net neutrality so there's by theng of the system providers of the service. terms of water or education, electricity, we don't tol companies that get dispense water or electricity or places that get to provide kids.ion for our you decide where you want to go
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based on money. we know where they'll go, where there's money. they'll leave everyone else behind. no mail service had it been based on money. >> mr. attorney general, what you do more than this lawsuit to actually try to fight roll back of net neutrality? for example, is it possible for case against an internet service provider that might be discriminating by providing a lower speed service to some of its customers? do that? >> we can continue to enforce our state law. that company is not discriminating against communities. working with our state legislature and governor to make sure we pass whatever laws we state to make sure we regime of protection of consumers. providingout not only people with choice and freedom
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to choose. it's also about keeping california's economy moving forward. we're the economic engine for the company. we're the sixth largest economy world. bigger opponent of the fec chairman's policies. forentertainment industry the tech industry? >> both. they both understand the consequences of not having that access for consumers. the choices made by those who have money, who we empower, then middle, the middle class, are the biggest losers because they don't have the to try toleverage attract the business their way. a crumbs. left with you'll have different speeds of internet service. in'll have different choices the types of media that you can look at or watch. yourkids can you imagine kids if they use the internet to do their homework. there will be kids who have they needeverything on the internet to do good work
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and excel in school. numbers ofbe vast kids who can't afford that. therefore they will be behind. in conversation with any internet service providers in the state of california? that thisotified them will be the action you'll be taking? a i've been working with number of the internet service providers and those in the overall formunity last year that i've been the attorney general. california has been moving to do what it can to make sure we move protecting consumers before this action by the fec. we'll continue that conversation. want our interpret service to thrive. california is the innovator when it comes to united states of america. companies to locate in california. the innovation occurs here. more ground zero innovation. we want people to know we want everyone.or
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selina: it's not just attorney generals taking action against the fec decision. several consumer protection andps like free press public knowledge are also taking action.ive as well as mozilla. spoke to danell dickson. protecting the open internet as a global resource. accessible to all. to reinstate able open internet principles. andciples that we worked lived under and goat tha -- -- d all of us to have this available. -- isla ers emily: others have complained. no wonder we haven't seen strong action. of netflix saying net neutrality is not their priority now. what do you make of that? >> i don't know if that was taken out of context.
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most of the tech companies support usually through alliances. why it was really important to us to make a statement as a plaintiff in this. can helpitioner so we to control the litigation. we wanted to be a party here. emily: you say that any net neutrality could end the internet as we know it. a baduld that be such thing? the internet isn't perfect. had very long conversation how perfect.net isn't >> the internet is not perfect. it's the notion of the internet up,the way that it was set we all had access to whatever information we want. i don't want to be alarmist. about a world, think about politics. isp just lead certain throttlehey block and all content. it really could impact not just think, it could impact our democracy. it could impact the way the u.s.l world sees the this is an issue. the internet is an issue that no regulate.y should
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certainly no private entity should determine what content your home.ess to in emily: what are the next steps? will continue.on we have to see how that plays out. longer process. we see lots of legislative action now. there's a cra and votes in to repeal and to roll back those orders. we could see legislative writing legislation to be able to formally codify open internet principle. emily: are you working with or speaking to other organizations considering filing lawsuits. >> we spoke to allies that they believe strongly. joined.them have there's lot of folks out there that care about this issue. like wel fight just are. selina: that danell dickson. ahead, the catch up with thrive global ceo and uber board huffington.na what she has to say about uber
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selina: chinese video site is trying to raise money at a $17 million valuization. they're targeting about billion dollars of financing as it expand video streaming service. platformny is a video to instagram and parascope. beennal agreements has reached and the details of the change.ld still arianna huffington just launched the amill to those with sung note 8. the thrive host to offer way to with technology so you can connect deeply with emily chang others
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sat down with huffington. >> you would have thought we wouldn't need an app. there's been so much writing months howst few become.e technology has ,ow social media companies machine lenses and likes and social feedback loops hooked.us the app is like a coach, a guide ourelp us recalibrate relationship with our phone. two most important features is directional. if you are in thrive mode because let's say you're having with your family and text you, i get a text back that drive mode is in until such and such time. friendses let your know that you're not ignoring them, you're just in drive mode
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and not to be distracted. it will help change the culture. to help change the culture expectations. right now the expectation we to respond to text immediately. feature is a dashboard that gives you a mirror of your social media consumption. emily: you have a partnership with samsung now. when is it come to the iphone and what is the strategy for broader use here? >> to come to the iphone in months. six we're developing it right now. we have a partnership with samsung. both for the app, which is now 8.ilable on the galaxy note we launched together dedicated humanity and technology. this is all about reflection point in our time. issue inme a big silicon valley and beyond. about what is this technology to us.
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emily: how much responsibility platformslikehe progra facebook bear for tech addiction? >> apple and facebook are different. if you sell hardware and you have some responsibility that caneatures protection especially children from abuse of the phone. if you're a social media company, as you know, in the economy, social media companies are deliberately mining more and more of our because that's how they increase revenue and profits. it's going to be very important for social media publices to put the interest ahead of revenue. anch may seem like any impossible pacific. -- task. thess they do that, backlash is going to keep growing. there other changes
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you think facebook should be making? looking whyasically the impact constantly pushing notifications. i about you, i have off all notifications except from friends. likes. want to everybody i love instagram and social set clear, but i also limits how much i use them. i allowmits to how much notifications, alerts and disturbing my life. my ability to connect with my colleagues, my abilities to do deep work or and recharge. emily: you remain on the uber board. done.e deal is what shape would you say the the dora'sin under leadership. will the company will be ready for an ipo next year? company is in a
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really strong position. incredibly important. uber will now have on its board, ceo of the vision fund that led the new funding. what is so important, self-bank is at the center of the industry globally. it's so great for uber to have majorank now as a investor. doing amazing job. the culture value has been revamped. tremendous progress in the next months. coo and nowew general counsel. there's an interviewing process new chairman. i think everything is on track. ipo couldyou think an happen as early as next year? the ipody dora said
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will be in 2019. there's nothing that has that.ed that would change emily: you mentioned new general counsel, tony west. how is tony doing so far? do you think that uber will dogged by these justice department investigati investigations or how long will they sort of cloud hanging over the company? >> i don't think it's a cloud the company. i think it's bringing everything to the surface. to be dealt with. and at the same time the company is doing great things. it's not as if this issues are happened in the past, dominating everything. growing.s bringing in new major investments. bringing in great leadership talent. i think what's happening on the front is obviously necessary in order to deal with all these problem. in any way,
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dora.ing selina: that was thrive global ceo arianna huffington. edition oft for this "best of bloomberg technology." we'll bring you all the latest the week.throughout you can tune in each day 5:00 p.m. new york and 2:00 p.m. in san francisco. episodes "best of technology" are live streaming on twitter. that's all for now. this is bloomberg.
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