selena: i'm selina wang in san francisco and you are watching "bloomberg technology." president trump is hosting students right now from the florida high school recovering from a mess shooting. groups representing survivors of the sandy hook and columbine shootings are also in attendance. the shooting spree left 17 dead. of thele, survivors shooting joined lawmakers at the state capitol in tallahassee to demand action on gun violence. the people who deny this, if they want to claim their god-given right to the second amendment, we are not

trying to take away your guns, just the ones being used to kill innocent children almost every year. selena: house republicans did submit a bill tuesday banning assault rifles. democrats want to add $300 million in new f fbi funds to a government spending bill next month. they want to bolster defenses against foreign interference in elections and social media. current funding runs out march 20 three. world-renowned christian evangelist billy graham has died at the age of 99. he is considered the most influential american preacher of the 20th century. global news twitter four hours a day powered by more than 2700 journalists and analysts, more than 120 countries. i'm selina wang. this is "bloomberg technology." ♪

emily: i'm emily chang and this is "bloomberg technology." asming up, youtube's faux p and twitter's ongoing accounts purge. we will look at factors feeding the outrage among some conservatives. rollser rolls out -- uber its most horrible option to date , but there's a catch. we will explain. first, youtube the and criticized after promoting a video after suggesting a teenage survivor of last week's school shooting was a paid actor. it is the latest sign of google's ongoing struggle to suppress fake news and conspiracy theories on its massive video site. the video shows a student who has spoken out for gun control after the attack that killed 17 and parkland, florida, in a los angeles tv news clip from last summer. a description of the video reads --

a spokesperson for you to responded in a statement saying -- joining us now, mark, who covered this story for us. what happened? mark: people have been kind of gaming google for some time, and someone found a new way to game the system. it was an old clip, verified news outlets, they uploaded it in the way of of these conspiracy theories about this florida high school student, who has been really outspoken. some of these conspiracy theories have taken up on the internet, that he is actually a paid actor. news, theyking should've to the top of the algorithm because people are spending time on it and share it .

let's talk about what an authoritative source is and how someone actually games the system and if that is really a reliable way, which in this case it was not, to categorize the videos. mark: early in the fall, they had a series of problems around breaking news. youtube has always been there .chilles heel for some reason, they are able to implement fixes much more readily on google search and google knows more than on youtube. the reason it is so successful is that anyone can upload a video and become a star creator and you have this problem that anyone can upload a video and put out a video that looks like real information, and in this case, it was an actual successfl is that anyone can cbs video, but the description of the video was pushing this conspiracy theory and the

youtube algorithm suggested viewers keep watching similar videos. emily: youtube's spokesperson went on to say assume as they became aware of the video, they -- as soon as they became aware of the video, they removed it. that said, there are still videos promoting this conspiracy theory idea on youtube. what is the policy about everything else? mark: everyone in the west coast woke up to the story. we have emailed google, youtube around 7:30 this morning. it took them hours to take action. clearly, this is a tough decision for them. this is a video that does not typically fall into the category of a have been reluctant to be super aggressive in policing content. typically, they say they are a neutral platform and they do not want to draw the line. the circumstance is really rare. i do not see it happening a lot were people use news clips to

push conspiracy theories, but it is causing youtube to really evaluate its policies. talk about what google has done to prevent the spread of misinformation. mark: the big focus has been appeal to advertisers. they have been promising to hire people to train systems. a lot of it is to make content advertising friendly. they have been on a big push. they had major issues with top creators. they have been doing a big push to make socially good and conscious videos to demonstrate that a lot of people who upload videos to youtube are not crazy conspiracy theorists. emily: what is next? do you expect youtube could take stronger action? not just taking this out of trending, but removing it from the site yahoo! mark: youtube this morning took down some videos. they have in the past year taken

down a lot more videos than they have before. they pulled ads and monetization from a lot of these videos. i think they are probably having a really intense debate about where they draw the line. emily: are they hiring additional people to make human judgments and not rely simply on the algorithm? mark: they have 450 hours of video footage uploaded every minute, so it is impossible to scale these things -- that is what they always say and they cannot hire enough people to do that. something like trending seems to have a natural fit, but as far as we know, they have not made that decision yet. emily: or perhaps whenever there are big news events like this, having a human team to curate. have been and they really resistant to that. you can trace a lot of facebook has problems to having their human team, and even before the election, they were criticized for not favoring conservative content. i think youtube is probably very

reticent and trying to avoid that problem. emily: thank you. roku reported fourth-quarter results after the close. the tv streaming service reported sales of just over $188 billion. the stock is falling in after-hours trading on we go expected guidance. pandora media, in the meantime, reported revenue that beat forecasts. coming up, uber launching its first new product in three years. next.s and if you like bloomberg news, check us out on the radio. this is bloomberg. ♪

emily: broadcom slightly lowered its offer for call, to the target used it its own bid for in xp, down from its best and final bit of $82, but it said all other terms of the proposed deal remain unchanged. qualcomm's response, that broadcom just made a inadequate offer even worse. qualcomm shareholders vote on it next month. after months of testing in san francisco, uber is launching a new feature, the first new product for the company in three years. the express pool launch brings a change aiming to cut out the hassle of detours. manager joins us here in the studio.

talk to us about how express pool or pooled express works -- heard it both ways -. ethan: it is express pool, and to walk a little and wait a little too have a much better ride. the ride itself tensed to be straighter and faster. emily: how many trips in the u.s. on uber are uber pool trips? ethan: any minute now, we're going to cross one billion uber pool trips, which is something we're really proud of for a product that launched a little over three years ago. emily: what's the percentage of people who request pool trips who actually get matched? not have the exact specifics, but typically, we are

trying to get three people into the car at the same time because that's where we have the most efficient ride, which allows us most affordable price. i'm sure all of us have experienced those rights were we're the only passenger in the car. that may feel great for that single ride, but over time, it means we cannot afford to offer such an affordable price. it increases our likelihood of making a high-quality match, which means we can offer that affordable product over time. emily: i'm looking at the coverage of it today. "honestly,aying, just take a bus." what do you make of that? ethan: we think public transit is a wonderful complement and we are a complement to it in terms of what we do. public transit works well on high-capacity routes where you can run large vehicles. dynamic in terms of its timing,

in terms of where it picks you up and drops you off but also in terms of its route, so for those complicated cross-city journeys that pickup and drop-off that last mile from a child's -- public transit option. love it lot of riders because you can get a ride cheaply, but drivers do not necessarily love it. how do you find a happy medium? if in number one, drivers are working hard and would love to make more money, so we have actually introduced late last year pickup and drop-off fees specific to pool to pay them for the effort they do in order to big pool work as a service. looking at the nonmonetary component, there have an the -- done ine things we have terms of managing the service that made it less fun to be a driver such as the route and detours and backtracking you would often see as we were trying to make a match between two riders who were not

necessarily the most compatible. we wanted to not just make it but foror riders drivers as well because if you feel uncomfortable sitting in the backseat of a shared ride waiting for her to make its way around the block to pick someone else up, your driver does not feel any better about it either. emily: how much money does uber make on uber pool? if in: that is difficult to break out. we are pleased with the progress we are making in terms of overall profitability is company. you have seen some of the financials we have released recently in the curve is quite a nice one, and we are excited that by making uber pool more efficient, we can continue on our path to profitability. emily: that is my question -- how much does it contribute to your financial performance, and how much of it is driving a mission of more democratized transportation? is not a charity, but -- ethan: we are a very commercial

business. i love the mission of making cities work better and provide transportation. i think it will be a tremendously profitable business is clearly ad pool large component of that and when that will grow even more. the companyoes think of a city run service is? the new ceo says that in five years, he would like to see uber running bus systems an entire city transportation services. does this move you closer to that vision? ethan: there are things we are very good at doing and one of them is dividing highly dynamic transportation options, and i think both of those things are wonderful compliments to what public transit agencies tend to hugehich tends to have fits in infrastructure. there are many ways we can partner with cities in the future. for instance, we have a pilot with the city of cincinnati

where we are starting to explore with both the city and its transit agency different ways that uber can complement public transit, not only in terms of coordinating it at a data level potentially of uber taking on some of the lower ridership routes that are not particularly efficient for public transit to run. over -- uberined 11 months ago, just as susan fowler's email went viral. kicking off a series of leadership changes. what has that been like for you as a new employee? uber: i chose to join about a year ago because i knew many good people there who were working hard on the future of transportation, and they were people i believed in, and it was a mission that excited me. we had a pretty tumultuous year last year, but what i'm excited about is a lot of that is now in the rearview mirror.

those good people can continue to work on the future mission of transportation, and i think dara has been a phenomenal addition, and i'm very excited to be working at a company where he is ceo. fory: thank you very much joining us and breaking it down into some details. i appreciate that. coming up, we hear from facebook's co-founder and how -- about his new book and how silicon valley can push back on income inequality. this is bloomberg. ♪

emily: spotify us cofounders are running the same play as google and facebook. they plan to maintain control of their music service after it goes public according to people

.ith knowledge of the matter spotify has been valued at up to $20 billion. facebook cofounder chris hughes was at the epicenter of the start of one of the biggest tech companies in the world. since stepping away from facebook, he has become increasingly aware of wealth inequality of the united states. we caught up with him for a future episode of "studio 1.0" and talked about his new book on income inequality. take a listen. >> the reason that led me to it is i do think that my story is indicative of an unfairness at work in the american economy today. that three years worth of work $500 million and financial rewards should give people cause, particularly in a moment when median wages have not bunched in 40 years and we have not created full-time jobs

and a decade. we create part-time contingent flexible jobs. we talk a lot about robots in the future. work has come apart and income inequality is only getting worse, so i think it is important to be honest about the unfairness at work in order to usher us into a conversation about how guaranteed income could restore the american dream. emily: just being devils advocate, why should we listen nter?1% or -- one-perce >> i-8 here to channel the conversations i've had over the past couple of years and people i grew up with who tell me that the american dream is on life support. when you cannot find $400 in the case of an emergency, which is what half of americans say, you cannot find the gas money to interview for a job or childcare or health care for all these things, so we know that our economy is fundamentally unfair, and i think a lot of us on the

left and right are casting about about what we can actually do to change it, and that is where a thing guaranteed income comes in as a powerful tool to address it. came into wealth, how did that shape your ideas around inequality? did you have your own sort of personal transition? chris: particularly in my case, where we started facebook, and over the course of nearly a decade, it grew and grew and grew and i saw my own financial holdings growth, but for several years after, i was not at the company. i was working on it for projects, working for president obama and doing different things, and yet, the wealth cap growing. he gave me pause and made me ask what is the source of this wealth, the actions we are taking, or also major economic forces happening behind the scenes? in a very personal way after the facebook ipo, my husband and i

decided to give away the vast majority of this money because it feels like it is the only way to address the unfairness of work that is created in the first place. emily: tell me about the discussion. when you are fortunate and you come into this kind of wealth, you think about where it comes from, why did i get it, and what do i know other people, and particularly growing up where i did with my family, where my husband did with his family, there's a sense that we should always be thinking about what we all one another. emily: silicon valley has created some a powerful tools and an incredible amount of wealth, and some would say it has also come with a sense of entitlement for some of the richest people. do you think silicon valley is too arrogant these days? chris: i do think there is a sense, particularly among people who have made a lot of money and a lot of the time, and i'm not speaking about just silicon

valley, but in general, that it is all because of one's own actions, and i think we tend to underestimate the power of these macroeconomic forces behind it. things like automation, globalization. i will give you an example. in facebook's case, over the course of the 10 years before it it made over $500 million in venture capital. that kind of financing was not years ago, and40 it is specifically because of financial changes we made in the 1980's to create an industry that is large enough to support that at the same time that everybody else's wages are flat. uber has raised billions of dollars. chris: exactly. facebook is not the only company. it is important to recognize many things i happening in our culture, our government, our society that are creating this wealth in addition to any one individual contribution to it.

emily: silicon valley often prides itself on being a meritocracy. do you think it is? >> -- chris: i think across the board in america, we love the idea of meritocracy, the idea that one person can work their way up and be successful. mark zuckerberg said it in a speech at harvard last spring, the first to recognize the fact that he was able to teach himself how to code in high school because his parents had "luckys an incredible break" that made it possible for him to be at harvard and for us .o create facebook collectively i think it is a complex interplay between the role of luck and the role of work and we need to be more honest that all of these successes are a combination of both. was facebook cofounder chris hughes. much more of that episode of "studio 1.0" coming up this

year. why conservative users are accusing twitter of unfairness next. this is bloomberg. ♪

deborah: you are watching bloomberg. i'm debra mao checking in on first word headlines from around the world. the minutes of janet yellen's last fed meeting shall policymakers more positive on the economy and increasingly optimistic they will reach their inflation target. officials said they expect the toe of growth this year exceed estimates and that the labor market will continue to strengthen. minutes show several members have raised their forecasts from those made in december. theresa may and her most powerful cabinet members will today try to thrash out an agreement on what kind of trade deal they want with the european union. the meeting comes with just over a year to go until brexit day. may urgently needs to spell out her blueprint before next month.

the new south african president is gambling on a tax hike as he tries to stabilize the nation's debt. it's the first time since the end of apartheid that south tax thats raised a ended up hitting the for the hardest. and president trump promised to act quickly to prevent more school shootings. he spoke after meeting survivors and parents of victims from the recent florida attack and other atrocities. from campaign for the white house on a promise to protect the rights of gun owners and was endorsed by the national rifle association. >> asian shares mostly lower from mumbai to tokyo. betweenlling out corporate. tech and financials leading gains in shanghai and the uptick and holiday travel in china and

elsewhere helping boost tourism. air china soaring in hong kong, and in sydney, flights and are headed for its best close since 2013 after reaching its target. and i want to check in on indian bonds, which are following for a straight day in the concerns over rising inflation. and they may have further drop before any support appears and the 10-year yield could perhaps hit 8% before treasuries reach that market. the question is if this will encourage r.b.i.'s to stem bondra. a last look at the yen set to are its average, and there several risks looming on the horizon. friday, for example, you have inflation reports from the eurozone as well as japan, and that is your midday market check

and we will be counting down to the open and hong kong as well as in shanghai at the top of the hour to see if we have the -- is the momentum to stay in markets as onshore traders get back into the groove after their holiday. emily: this is "bloomberg technology." youtube facing serious criticism after promoting conservative conspiracy videos on its trending page with titles suggesting a survivor of last week's florida school shooting was a paid actor. google struggling to cut down on fake news on its video site and meanwhile, twitter is being accused of unfairly targeting conservative users. purge they wants to service of automated accounts that artificially inflate follower counts and advertising metrics. twitter has not commented on if the latest block of followers is

related to bots. what exactly happened here? >> overnight, twitter apparently purged a bunch of accounts, and it's unclear if those accounts will be added back. what happened is there had been a slew of users that have violated terms of service on the they got sent and email to verify that they are and justght --a bot verify their phone numbers, but while they're in that period in between, they are not counted as followers for anyone else, so twitter does not even know how many of the accounts that were bute overnight are bots, this is a way to figure that out. this has been an issue for twitter of the second half of 2017 and the start of 2018, and for a while, people said twitter was not taking it seriously

enough, that it has constantly been a platform where there is that harassment and then the russian scandal broke were people were using the platform to sway things like the u.s. presidential election, that true even more attention to the platform, and it sounds like maybe they went a little too becerrat this point, probably has even more since she has covered twitter for so long. has evenrah probably more since she has covered twitter for so long. emily: their response that apoliticalls are and add in account behaviors that indicate automated activities or violation of policies. what is your take on how dramatic this is in the history of enforcement that twitter has taken the? ofa: we have seen a lot broad purges by twitter in the past, especially accounts related to isis and related to the far right that were linked

to the charleston issue. in this case, i think it will be very difficult for twitter to know for sure who exactly is a real personis a account that just tends to retweet and be connected to a lot of bots. have beenian bots extremely adept at in changing themselves in the real world, building connections with real americans, presenting themselves as real people, so when you go through and try to purge them, it is difficult to do it in a way that is clean using artificial intelligence. you are going to get some errors. talk about theo percentage of users on twitter that are bots and compare that to facebook. are we know how many users bots and how powerful they are as opposed to facebook, which has a much bigger user base but a much smaller percentage of a counts.

, it's muchacebook harder to take a fake account. accounts that have been active for longer go for more. that's because people on facebook have worked to establish their identity over years. if you just create any account, it might not go through, where us on twitter, as long as you have an imo dress, it does not have to be a real name. it could be an account for your job, a joke account for something you want to make fun of, it does not have to be a person, whereas on facebook, you do. on twitter, the company says around 5% of accounts are fake. research estimates the number is much higher. facebook responded to congressional investigators and said that about 2% to 3% of its accounts could be considered in the undesirable category, this category of fake accounts that is not just the person making account for their pet but actually somebody trying to

break the system and be somebody they are not. emily: when it comes to these counts -- accounts that twitter has crackdown on, the likelihood is that they were targeted for a reason. >> -- julie: i would assume that some get reinstated, but this is an issue that will keep coming up. the last earnings report was the first time we have seen twitter mention that user growth was not as good as expected. it was around 330 million monthly active users, which was lower than analysts had anticipated, and they attributed that to purges like this, and i would expect that to be an ongoing issue because the last thing twitter wants is for other political events or major events where it becomes another target and a platform to have it be misused. emily: obviously, there's a fine line when it comes to free speech, and it's one these companies have made time and again. do ais facebook going to similar purge like this, or have they been? purged anybook has

accounts or groups it has seen as linked to the russian issue with regard to people who are accounts that would connect to americans, convince them something was happening with elections, spread fake news, etc. this is not something they have announced widely they have taken down. we would like to think that they are being very steadfast about addressing the issue. what julie brings up i think is very interesting, that the actual metrics of these companies give each quarter, sometimes they will be lower because they are trying to address these issues, and it will be interesting to see the framing over time. will these companies try to get a pat on the back for having lower numbers, for having achieved some of these goals? emily: interesting. thank you both. all rights, a quick link to the jeffbrothers, going after

bezos and amazon. generation opportunity, a right-leaning group for young in a potential tax breaks amazon would receive for its new headquarters "sweetheart deals unfair to taxpayers." the ad is running on facebook and twitter. coming up, we will talk to the ceo of a fast-growing syntax .irm based in toronto this is bloomberg. ♪

to buyapple is in talks long-term supplies of cobalt directly from miners for the first time, people familiar with the matter said. apple wants to ensure it has enough of the key battery ingredient amid industry fears of a shortage driven by the electric car boom. advisorsbased robo raised money and its funding round. the start of manages about 50,000 clients with room to grow. joining us, the ceo of wealthsimple. your target audience is millennials. how does the product cater directly to them? >> yeah, so, our clientele are typically young professionals looking for a different sort of investment service then maybe their parents or grandparents were historically, people were excited about investing based on

relationships, our clients are looking for something that is really easy to use. you can sign up online, download our mobile app, and get started in a couple of minutes, and the way we talk about investing is cater to the audience. money,to make sense of with really entertaining stories about celebrities and how they have dealt with money over their lifetime. goal to makethe money, so if you are young or old, that is the idea? mike: absolutely. the key for us is thoughtful investing. it is about building a diversified portfolio and sticking to your plan over time. i think there is a fallacy about investing were most people think it is about picking stocks and picking winners. the data is clear where it is actually behaviors that set apart successful investors long-term. things like our socially responsible investment portfolios, it helps clients build portfolios that a line their values and set them up for long-term success. emily: you operate in the u.s.,

the u.k., canada. what are your plans for global expansion now that you have this new round of capital? mike: we are really excited. we are one of the first companies in this space to expand globally. we think the challenges that exist in investing persist around the world, access to financial advice, the cost being too high, so we plan to use this capital to continue to grow in , so we arese markets really excited about what that means. emily: i'm curious what you think about leadership in canada right now and the impact it could have on the growth of the tech sector. prime minister trudeau recently visited san francisco hoping to drum up interest. do you think the government could make a difference? mike: absolutely. we are facing a really exciting time for tech in canada and toronto in particular. most people do not know toronto is a global tech help, but we

added something like 20,000 new technology jobs in 2016, which is more than silicon valley and new york combined, so it is pretty amazing to see the boomtown happening here in toronto and technology, and i think prime minister trudeau has been a great brand advocate for what is happening in the sector around the world. we were lucky enough that when lastt $1 billion in assets year to welcome the prime minister to celebrate that great milestone for a canadian technology company. he has been doing a great job going around the world selling our story. and google have offices there, but what about homegrown tech giants? what is your outlook for more tech companies out of canada? one: we are hoping to build here, and there's a turning point in canadian tech where you do start to see homegrown technology companies going public. would beve -- shopify the great example of the last couple of years.

we hit a record number of funding with more than $200 billion invested in toronto technology companies in the last year. operating now in three markets in a highly begin elated space of financial services, this new $50 million of backing puts us up there as trying to build one of the great global technology champions right here from canada. strategyd how is your evolving when it comes to how to advise your clients, given the uncertain political environment, certainly in the united states, and obviously several places abroad, which can also lead to economic uncertainty as well? mike: the key for us and our clients is reminding them what smart investing x like, taking a , notterm perspective getting bogged down in what markets might be doing this week us and -- the key for

our clients is reminding them what smart investing looks like. sticking to your plan is your best bet to be successful. that is where we try to focus clients, even through the volatility of the last few weeks, making sure they have a confidence andhe conviction to stick to it over the long-term. thank you so much for stopping by. coming up, we covered the tech acer is asia where hoping the growing legion of computer fans will help pull it out of a rut. we will hear from the company ceo next. this is bloomberg. ♪

emily: for the first time, dish network has reportedly does publicly reported sign-ups -- dish network has publicly reported sign-ups for its sling network. dish is trying to attract those who dumped pay-tv services for cheaper options like netflix and amazon prime. thousands of fans gathered a play, and that's a serious opportunity for asian tech giant acer. the ceo spoke exclusively with

bloomberg at the company hq in new taipei city. we get a notebook, we provide , we provideops gaming screens, and then we realized that it's not just how we establish ourselves. we have to be able to provide very good top-of-the-line products. our 21xxample would be the hit the front page of "usa today" last year. this year, we released a limited edition cpu. multiple processors in one

single system. we would be able to fit people from high-end to affordable, and we have the sponsorship going on . we want to make sure people have the full assignment and get associated with acer. >> how big a thing is that for you, away from providing hardware, actually promoting this as a new, emerging sport? what are you doing the reactor there? are you doing >> we sponsor, and we do it ourselves. we sponsor the biggest gamers in .he industry for the tournament

last year, the final was in beijing. that0 people paid to watch for five hours. if you look at that, it's almost like a concert or bigger than a concert. the size is enormous. online, more than 100 million people watching. excited about that, and for that, we have to make sure that we do not miss that opportunity. that's number one. two, last year, a countries. this year, there will be more countries participating. sponsor teams, we . sport itself is

becoming such a big ecosystem, so there are centers training them. we work with them to provide the right time -- right type of gear, and it is interesting for people my age to watch. what? you are majoring in gaming? what do you do, just play games? no, they write scripts, they analyze the games. they create strategies. i know how to play games. i buy watching it would be able to realize how the teams strategize to win the

game. very exciting. >> what is the potential overall sports, do you think? >> i think skype is the limit. today, it's already bigger than the nba. i think the only thing bigger is the soccer game, the world cup. eventually, i don't know. the sky is the limit. it's growing like crazy. to aamateur entertainment professional job. emily: that was acer ceo jason chen. that does it for "bloomberg technology." that is all for now. this is bloomberg. ♪

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