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tv   Best of Bloomberg Technology  Bloomberg  March 10, 2018 11:00am-12:00pm EST

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♪ emily: i'm emily chang. this is "the best of bloomberg technology," where we bring you the top interviews from this week in tech. an allyp, tech loses after gary cohn exits the white house. plus, the amazon agenda. our deep dive into the ever expanding footprint of america's e-commerce king. not just a company, but industries potentially in its crosshairs. and our extended interview with
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google cloud ceo diane greene, just one of the top female leaders of tech we bring you ahead. first to our lead come with gary cohn departing the white house, trade tariffs are sending chills to the tech world, especially if it aims at chinese imports and consumer electronics. amazon and apple could feel the impact, especially considering manufacture in china. apple could have the most to lose. we discussed what a looming trade war could mean for the industry at large with executive editor tom giles. also max abelson who covers money and power for bloomberg. >> wall street is not happy. on the one hand, we cannot go too far. the reality is no one knows what is going on with this white house. you don't see the stock market losing 10%, but people are
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upset. gary cohn was the president of goldman sachs, anti-left for the -- and he left for the white house, and that came after trump literally mocked goldman sachs on the campaign trail. people are relieved that they have this guy they saw as a friend, someone who could push to cut corporate taxes, and now gary cohn is gone and that is destabilizing. i talked to wall street executives over the last 24 hours who said that this freaks me out. emily: let's look at apple as an example. it is still unclear if apple would be marked as an importer. what does this really mean as far as we know for apple, its products, its supply chain? >> apple has to be caught in the middle of this somehow, given the fact they are the world's largest, most viable company. -- valuable company. they are importing products from china, both imported goods and a
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lot of the supply chain is in china. to the effect that app tests -- that china is in it apple is not , going to get off scott free here. the question is, in a worst-case scenario, it certainly would be affected. in a company that generates so many tens of billions of dollars a year, we have heard people talk about this as something more of a rounding error. we are talking about tens of millions of dollars. not, at the end of the day, a big factor. it really depends on how much of a levy is going to be imposed on steel, aluminum, finished goods. trade wars are not good for big, multinational companies like apple and amazon. although amazon and some of the other tech companies are less affected because they are so service-based. microsoft, a software provider. facebook, social media delivered over the internet.
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amazon, the lion's share of what it does, is not consumer electronics. although, the echo is getting bigger and bigger. emily: apple in particular we , know, president trump took aim on the campaign trail. tim cook has met with him at the white house, so, who knows where that relationship stands. matt, is there a silver lining here? matt there might be a silver : lining for wall street considering steve mnuchin is the secretary. he worked for goldman sachs just like gary cohn. when i hear tom talk about apple and am reminded that trump mocked apple, considering the direction, if donald trump decides he needs someone to be -- beat up on, i think you are hearing that it might not be wall street. what if it is big tech? i feel like the guy who made the clinton cash, his next documentary which will
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debut at con, i think is about the big tech companies. i can smell in the air the sense that the new punching bag for trump could be amazon and apple. schenker was on the show during breaking news and he talked about how he thinks the relationship between silicon valley and the white house has taken a bit of a pause because we just don't know. what is the general viable response from the tech community so far about the tariffs in particular? matt: what you have to think about with silicon valley is to the extent that we are going to look at foreign nations as the enemy, that is going to have a big impact. there are lots of different ways, and that think the biggest way i want to talk about is when you look at the biggest deal in tech, brought, trying to buy -- broadcom trying to buy
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qualcomm, this is a transaction that is hitting a buzz saw. they are looking at this and what they are saying is, to the extent that this transaction would undermine our competitiveness as a country, countries like china, country, they do not want to see it happen. treasury is raising objections. we wrote about the letter they published earlier this week. it says we don't want to see this transaction go through. on one hand, that sounds friendly to tech companies. on the other hand, if you are broadcom, you do not want to see a big, game changing deal get blocked. so, how much are big tech companies going to get caught in in u.s.larger narrative competitiveness with countries like china? mean forat does it companies who have been trying to crack the u.s. market? they are coming with products from china. tom: it is not going to get
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easier. if you're trying to cell phones, tablets, laptops, it is not going to get any easier to get it to the u.s. under a regime like this. about whattalked gary cohn might do. you got some interesting answers. any inkling as to what he will do next, and to will fill his role? >> gary cohn is not like trying to figure out the white house. he spent 25 years at goldman sachs, then went straight to the white house. the truth of the matter is, the way the world is going, it is not that insane to think he could go back to goldman sachs. it would be a bad look for the revolving door idea that people could leave goldman sachs, approve political power, then turn it right back into a goldman sachs job. absurdly enough, someone said he could work for space x, but it looks like they have wonderful
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management, including one of the biggest women in tech. there is also a chance someone said gary cohn should spend six months on the beach in the bahamas, but i think out of all the options that will seems like the most realistic. emily: i love that idea for him. what about who would fill his job, and how important is it that it is another banker? max: donald trump, and if you are pressed and you had to say what donald trump stood for, i am pretty sure you would say populism. this stephen bannon cooked up idea of populism. it is just so remarkable to think that he is a billionaire who has surrounded himself with billionaires. bloomberg news has done a good job of explaining how his cabinet is the richest cabinet the history -- cabinet in the history of america. on one hand, i feel like it would be crazy to guess that he would pick anybody but another tycoon, someone like wilbur ross.
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or someone like steven mnuchin. i can almost imagine him moving someone who is already there to take gary's job. people i talked to said it is hard to imagine people leaving from wall street to go to the white house considering how chaotic things are. it doesn't exactly seem like you would go. that was bloomberg's max abelson and tom giles. president trump may have an ally in elon musk, at least when it comes to china's trade protections. bitter fight with chinese authorities to build a factory in shanghai. hero, do you think the u.s. and china would have equal and fair goals for cars? he noted that china charges 25% import duties on cars, compared to america's levy of 2.5%. he says it is like competing in the olympics, wearing led shoes. coming up, our important conversation with top female voices in technology. we will bring you amazon's
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stephanie landry and google cloud ceo diane greene later this hour. if you like bloomberg news, check us out on the radio. you can listen on the bloomberg radio app, bloomberg app, and on sirius xm radio. this is bloomberg. ♪
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♪ emily: another day, another legal battle for uber. pennsylvania's attorney general is suing the giant for violating this breach notification law. the suit says uber failed to disclose i have that affected over drivers in pennsylvania. uber has known for over a year that this breach potentially impacted 57 million passengers worldwide. under the law, the team can seek civil penalties as high as $13.5 million from uber. well, this thursday was international women's day, and we brought you a slew of top female leaders in technology. from google cloud ceo diane greene to amazon's steffi landry and the over general manager for
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the u.s. and canada. before joyce joined uber, she worked in the private and public sector. she also a senior advisor at the u.s. treasury could we started our conversation on overs business -- uber's business and its changing culture. joyce: i have been extraordinarily lucky and have had a remarkable experience at uber. since the day i came on board, i have been in the company of incredible woman who is leading the east coast at the time. we had a board that was 50-50, men and women that was really supportive of people of different backgrounds and styles. it was a place i really felt like i could drive and encourage those around me to try. -- thrive. it was a place i knew i could come in to work every day make incisions with integrity and fight for what i knew was right. i think the disturbing thing we have all realized over the last year is that not everyone in our
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organization can say the same thing. it has been integrating in a way to say that this is our mission going forward, and i have been deeply involved in ensuring that our culture and our norms and business practices going forward are once can all be proud of. the exciting thing is that we have teams in the company who that we can make progress. we want to make sure every team across the country can say the same thing. emily: you are obviously hired by travis kalanick and there has been a big changeover. i'm curious how your work has changed, and if you are seeing a change in the culture at uber as the result of his leadership. meghan: there has been a distinct change in the company
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and the mandate from the top in the direction we are going, going, even strategically. -- going even strategically. , i think we have acknowledged that we need to articulate and hold our teams accountable every time. even if it is something that is going to cost us a bit more. emily: where is the balance of power between growth versus profitability. talk to us about where the pendulum is and what you have been told about his priorities? meghan: we need both growth and profitability. any company does, especially if it is optimizing for the long-term. we need to ensure we are continuing to invest in long-term growth, and ensuring we are doing so in a sustainable way. i think the challenge of any business leader is to hold those two things at the top of mind at the same time, and to ensure we are helping navigate the company through those trade-offs.
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we need to be consistently putting the long-term interest of the company first and ensuring we are setting ourselves up for long-term sustainable success. emily: the competitive landscape has changed and there is some information that lyft has gained writers as uber was going through this big cultural shift. what do you have on the competition, and are you at all concerned about the threat of lyft? meghan: riders and drivers always have a choice. they can try their own car, just to walk, or some other alternative. at the end of the day, what we find really exciting is the opportunity for people to be able to leave their keys at home, or not buy the second car, or the first car to begin with, and consider using options that are actually more sustainable for our cities at large.
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when we do that, then we will need fewer land in cities allocated to parking. we will have less congestion on our streets. we will have safer roads because we will have people getting behind the wheel drunk. and we will have greater opportunities for drivers who need it. as we think about some of the lessons we have learned over the past 12 months, is to ensure we are consistently delivering on the promise to riders and drivers so that we have a better option than anything else out there. ghany: that was uber's meh joyce. we also caught up with amazon vice president stephanie landry for international women's day. she recently became the is its leader for amazon fresh and amazon restaurants, the restaurant delivery service. talked about how the company can continue to retain its top talent. stephanie: we have over 4000
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open jobs today. we are constantly looking at our businesses and reevaluating in making sure we are applying the right amount of resources in different areas. we have some rain jobs open right now. we are looking for people all over the city and worldwide. i think the opportunities are tremendous. i have certainly had a command's career over the 14 years. i don't think there is necessarily any sort of issue with the amount of jobs we have area -- have. emily: stephanie, you now run amazon prime now and amazon fresh. talk to us about how big prime now is how many people are using it. stephanie the connection of all : of the businesses i run is that we deliver food, often fresh food, and really fast to customers. in some cases as little as an hour. the prime now business is currently available in over 50 cities worldwide, nine countries, and in the u.s., where we are in over 30 cities. we started the visit -- business
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in 2018. emily: you were involved in the kickoff of amazon fresh grocery delivery, and now amazon is all in. amazon bought whole foods. the company still lags walmart and grocery delivery, and there is a lot of competition. what is the path to greater domination in grocery? yearanie: throughout my 14 career at amazon, what we focus on is creating a great customer experience, specifically a great customer expense for prime members. i think the cooperation with whole foods gives us cooperation to solve the problem. i have a six year old, ima mom, and taking a kid through the grocery store is a big chore, especially when you know exactly what you want and being able to get it delivered to your home is such an incredible i think the convenience. collaboration between whole foods and amazon is an incredible opportunity that our prime customers are going to love. we launched grocery delivery and
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hour -- little as an an in as little as an in san hour francisco and atlanta, i am excited about that. emily: that was amazon's stephanie landry. coming up, asia is encouraging its biggest tech firm to bring their listings home. we will head there next. amazon thek of ? company's move into the world of financing later this hour. this is bloomberg. ♪
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♪ emily: calling on the chinese government to boost regional trade between hong kong and the mainland. ma met with the media and explained his legislative proposal. >> border patrols and taxation regimes are two of the biggest
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obstacles for the greater bay area project. also the free movement of high , skilled workers is yet to happen because hong kong is concerned about the inflow of labor. so i suggested the idea of an id system linking hong kong and mainland china to allow people to cross the border and make the electronic payments easily. emily: he also fielded a question about the cryptocurrency market. take a listen. >> block chain is a really innovative technology, but we must be careful using it. technology is good but usage is important. ipo's for digital currencies means a lot of risk. i am not saying the technology is not mature, but everyone can easily create and use it to show that could be huge issues for to use it regulators. ,we have not participated in an ipo. emily: some the biggest tech firms are being lured to change
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listings. this coincides with an effort by neighboring hong kong to rework its regulations to more countries to its exchange. peter is the managing editor of asia tech coverage from bloomberg. he joins us live from tokyo. we also have selina wang. peter: the backdrop is interesting here. you have an annual national people's congress. a gathering of thousands of delegates from all over the country. in the past, you would see business leaders come, but they were typically traditional businesses in real estate and state-owned enterprises. this year, you are really seeing the coming out of technology companies that have become some of the most viable in the world. leaders like robin are talking about listing shares in mainland china in addition to listings overseas as well as other companies. they're talking about mainland china and listings overseas. there is a burnishing of the existing parties reputation if
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they are able to get the stars home. it also helps the tech companies because valuations in mainland china tend to be quite high. more about theus pros and cons of the structure. >> they have different -- regulations these companies have to comply with. they're known for volatility and spontaneous government intervention. as peter mentioned, this would be a good move on the chinese government's part to boost the reputation and attract some of these big listings. it is also great for domestic we -- retail and institutional investors that have not been able to participate in some of the wealth creation in china's .istory of alibaba wil it gives them an opportunity and a chance to participate in boosting violations of these companies. we tell investors are certainly excited to get in on this if it becomes possible. emily: yet, some folks will not
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be pleased about this, will they? peter: hong kong is trying to get more attention. historically, they have not allow the shares you have seen that many u.s. tech companies, including some foreign companies listed in the u.s.. they are competing aggressively. you cannot have dual listings in hong kong and china, and the u.s. and china. emily: there are some big asia tech ipos of the pipeline tencent music, how do we expect , those companies in particular to proceed? selena: changing regulations in both hong kong and mainland china are going to play a big role in what they decide. they are considering listings in hong kong and china. tencent music is also considering a dual listing. goingstock exchanges are
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to do everything they can to attract these companies and gain and become the global leaders here. hong kong has fallen far behind new york in terms of attracting these companies and they want to get ahead. emily: peter, do have any thoughts or inklings as to how the potential listings could play out this year? peter: it is interesting. .he big prize will be xiaomi they are leaning towards hong kong as the primary listing. if they list in mainland china, they would tap into the consumer demand to give customers of shopping -- showing -- shall xiaomi this year. if they do list in mainland china, it gives them an
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opportunity to buy into the shares that could help the valuation quite a bit. it will be interesting to see how that one plays out in particular. emily thanks to bloomberg's : peter and selena. still ahead, we sit down with diane greene. and a reminder that all episodes , of bloomberg technology are now live streaming on twitter. this is bloomberg. ♪ ♪ retail.
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♪ emily: diane greene has been ceo of google since 2015. have invested some $30 billion on its cloud services. we sat down with her and asked about how she make the jump to current role at google. diane: i was in the background helping, and as i got more and more involved and got to know first what was available at
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google in terms of these phenomenal infrastructure and technology and engineering, and secondly realizing what it means and what a big glial -- and deal the cloud was. it was profound when you think about this was a place where everybody in the world can share and let the world is going digital and being connected to mobile devices and centers, and you can make this available to anybody to use almost a democratized technology. it was exciting to me the more into it i got. to me had been talking about doing it and i had been helping them of find a someone and even i just said i would do it. is hotlye cloud contested and then microsoft. which are you a more afraid of?
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: i can't say i am afraid of either. i pay attention to them. last year at the cloud did about $45 billion in business and you could argue it is a trillion dollar business. there is headroom for everybody there. microsoft and amazon have different strengths. also sodas google. we are clearly highly differentiated -- also so is google. we are highly differentiated. if you want to keep your information secure down to the basic network, i think we are the people that discovered specter meltdowns. thatve differentiations know all companies are going. that is why i cannot say i am afraid. we have a lot of work cut out for us and we are working
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extremely hard. you think use -- you said you think google has a chance to be number five. is that possible? think it is possible. those words were a little out of context, but we are executing well. it was said that we passed a billion dollars a quarter in 2017, and that google cloud platform is the fastest of the public clouds according to publicly available numbers which puts us in the double digits. tremendous momentum. we have over 400 million paying customers. it is definitely a possibility. we areore about benchmarking our own growth against ourselves and we are pre-happy with it. we always want more.
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when will google actually give more details on how the cloud business is doing? we will and good time. in january, we gain, and now it is the most recently asked question of when we are going to get real. they want the public metrics we were looking for. do think blockchain will change cloud computing, and if so, how? diane: blockchain gives you a things,m to verify which is powerful for everything. itscloud is powerful and powerful for security and health. because the cloud is where every company is going to operate and and theywill operate will play a gigantic role in cloud.
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cloud plays a very meaningful role because it is where the data gets shared. google cloud ceo, diane greene. we also sat down with the officer for the social impact. she is best know as pursuing venture capital for gender discrimination p she lost the suit in court, but some would argue she has one in the court of public opinion could we talked about a lack of diversity that persists in technology and why. >> it is more of a backlash against change. it tries to fix the problems that have taken place for years in tech where we and how do we change it. it requires taking down the systems and trying to catch up
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and also transform how you do things. uncomfortable for those .ho succeeded emily: you said people should be fired. who should be fired? people who don't believe in people who are older or immigrants are equal employees who can do the same work and against themiases should be fired. if you can't treat your coworker fairly, then you really have no place in the workplace. these how do we know who people are? is it a matter if you haven't gotten results or haven't tried or if you have made an untoward comments. how do we identify the people who are doing enough? ellen: i don't know that it is not doing enough. there are people who are saying terrible things about their coworkers who are sharing
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private information about coworkers and so coworkers get attacked. those people should be fired. whoe is no place for those are enabling attacks on people in the workplace. you want people who believe in your culture and if they don't and they show it, then they don't belong. they are not promoting workplace ideals and are not on the same page and are making it hard for people to do their jobs. emily: you were ceo of reddit. you made changes. the research showed that they actually cut down on hate and the site. one of the questions i ask is, how might the internet be different if more women had bed involved in creating and designing the systems? do you it would be such a problem, whether it is reddit or facebook or twitter? it is unfortunate that they were mostly started by white men and run by white men for so long.
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experienced at the same way that people of color or who were women or nine binary. -- non-binary. if you don't experience, it is hard to address it. there was no one calling attention to these problems are you see it on other platforms, who are now fixed problems who came from homogeneous workforce and now they are trying to wring changes to make sure the platforms are more open and -- bring in changes that make sure the platforms are more open. pao.: thank you to ellen tryontinue to watch twitter to stop cryptocurrency scans on the platform. the company is taking steps for them to engage in others in a deceptive matter. they banned ads tied to cryptocurrency.
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still ahead, amazon continues expansion, from your doorstep to your wallet. we will explain how it all fits in to amazon's bigger plan. plus, the votes are in and italy is getting a new antiestablishment government. people are ready to blame social media. this is bloomberg. ♪
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♪ emily: amazon is offering a service on its prime for medicaid recipients in the united states. it is a move toward lower income shoppers and keeping pressure on
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walmart. people on medicaid can get amazon prime for $5.99 a month, half the usual cost. now is a good time to take stock of the state of amazon, from its blooming e-commerce and cloud to its crushers and hardware. in january, amazon announced a health care of venture with j.p. morgan chase and berkshire hathaway. doorbell ring and in march, amazon is now looking into providing its customers with checking accounts. it announced deliveries to amazon prime customers in more u.s. cities. how do all these announcement fit into the complex operations of amazon? we spoke with editor brad stone for bloomberg. brad: it is a company that one of its products is its culture. the way it he centralizes and empowers teams to innovate and requires them to innovate. you have tens of thousands of
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people around the world looking for growth and expansion opportunities. emily: not every new business they have started has succeeded, right? tryinghey spend 10 years to make her shoe stores work, and it didn't work out as well as they had hoped. it resulted in last year's blockbuster acquisition of whole foods. emily: talk about the whole food expanding delivery and what it means. brad: there is so much they can do. they can bring amazon pay into the checkout. they want to do a loyalty club for prime members. will make astore from it to the customers. the easy stuff is delivering from the supermarkets and whole foods supply chain to people's homes. that is what we are starting to see in cities, including in san francisco. my colleague wrote a story about they had a relationship with the delivery but whole foods is getting to the side as the
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amazon workers come in and start delivering groceries to people. gene predicted earlier that amazon might buy target next. take a listen to what he had to say in january. >> the future of retail will be a combination. i would bet investors who would view this as amazon and the takeaway would be amazon is taking over the world, and that is a good thing. is amazon taking over the world a good thing? investors, then company's performance has been stellar. the stock prices have multiplied by a factor of four over the last four or five years. obviously, the bigger it gets, the more industries it enters and more questions about market power. it might be great for customers that amazon brings
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orientation and willingness to lose money to pass on benefits over to customers in the form of lower prices. it is great for customers but destabilizing to other industries and raising questions about market consolidation. emily: it hasn't been all great news for amazon. amazon studio is struggling to get back on its feet. also high-profile per fracture -- departure today leaving for airbnb what do you make of that? brad: reg started in the finance department and was the first guide who was a product with super saver shipping, where if you wanted to wait a few extra days, they could get their shipping for free. it costs a lot of money, but it got the loyalty of customers. that was the beginning of the pathway that led to prime, where they were using their efficiencies in the supply chain to pass on benefits to customers. a senior member of the team, someone to spend more time in
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the whole foods division, but that is extremely deep. the bigger story is how little turnover they have in the upper ranks. i think airbnb at them over to be the president of where the divisions as an experienced executive who knows operations in those marketplace. emily: speaking of the cost of delivery and what they are offering to customers doesn't come cheap. to our delivery is expensive on the amazon side. is that going to hurt them at some point when they raise prices that are more comparable what they actually are? brad: you can always look at it as a curve. in the beginning it costs money, especially when customers ordering from prime is small. this is the long-term thing that jeff bezos wants to talk about. they are willing to do that, and as they get the concentrations and the higher the cost for delivery comes down, they are situated to be able to do that and suffer the early bad economics for longer term
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payoffs. it might look bad now when you have one truck making one delivery in one neighborhood. fast forward in five years, and suddenly that truck is full of stuffs. emily: what do you make of amazon buying the ring doorbell company, and the efforts of amazon key to have a concierge service, and other person to come inside your door? brad: i heard about this in our tech news. in the short term, amazon is up against google and to some extent apple in this home automation world. it is a novelty now and people in theuising alexa and future it has to be utility in opening your door and turn off your lights. the more they can bring in the house, the better experience it is. over at the longer term, not only allowing the delivery guy to come in your door, that maybe monitoring your door from work
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and letting your housekeeper in and letting the plumber in and not having to wait at home for the cable guy. all sorts of things that are called the true lock-in, when they control your doorway is pretty powerful. emily: thanks to bloomberg's brad stone. amazon says it is aware of a bug in its alexa feature and is working on a fixed bid the problem, some users say they have heard strange laughing noises at random from the echo home speakers. the company did not say when the fix would be to play, but they can push updates automatically. speaking of amazon, coming up, the battle for the cloud continues to heat appeared we will talk to the man behind one company looking to stave off giants like amazon and microsoft, next. this is bloomberg. ♪
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it is asking that facebook the order to stop the facebook messenger in a lawsuit. blackberry is suing facebook over messaging. they had explained that in the tech industry copying what works is the sometimes necessary. it publicly credit snapchat for creating the popular function. the world of cloud content management got big news in the last couple of weeks when dropbox announced it was the latest company to file for an ipo. one company that beat them was rival, box, which announced revenue missed forecasts sending its shares tumbling. shares have picked back up in the last couple days people he spoke with the ceo and cofounder on tuesday. >> the quarter we just came off of was by all accounts very strong. we did $136.7 million in revenue. annual assessments were at that
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number, and that was the range we got into. we did over 200 million in billings over 13 million in free cash flow. a strong quarter overall. it was really what box looks like when we are executing at the largestrving number of customers on the planet and companies and major banks, government agencies and we did 78 deals of 100,000 dollars and 90 is over $1 million. .t guided to a decelerated rate it was lower than analysts expected. arereason for this is we transitioning from a single product company to a multiproduct company. as we do that, we are serving bigger customers and bigger deals, and we wanted to set ourselves up for a good foundation for the year that would have levers for accelerated growth later this year and next year.
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we are still on a path to one be dollars in revenue -- $1 million in revenue. emily: i know you have been asked about dropbox. now that you have seen the numbers, and they have filed to go public, are you concerned? don't think the numbers change the competitiveness. we have known that high levels and how they perform. revenueare a consumer is this. that is 60% or 70% of revenue and people using it for professional or personal. one third of the revenue is probably the only part of the business that looks white box. that tells much more about small business. our revenue tilts toward midsize companies. emily: why couldn't they go after the large enterprises? trying,hey have been and a tilted focus back to where they are good, on the consumer side.
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our companies over time have evolved to look very different. the consultants and the salesforce and services and level of service and compliance you have to build in the platform and up looking like a different company. our 1800 that employees do everyday looks very different than what dropbox employees do. in name we are similar and we other companies need a different type of functionality. that is what we have focused on. emily: you have a couple of years on them as a public company, any advice? aaron: i don't give much vice to competitors, but the more we can be as clear as possible in our businesses is better. it will put a spotlight on the industry, and that is good for both of us. we are doing after a $40 billion to $50 billion market. focusing on enterprise
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and they are focusing on consumer and snd's. emily: you said you're going to invest more. where are the companies you want to acquire? aaron: i can't announce any today. emily: why not? aaron: someday we will be able to get there. we are very focused on organic growth and organic investment in r&d. think about our roadmap is if you are a 50,000 person company or hundred thousand person company and you are transforming how your , we want to be the backbone for how you are management security and working with information. we have a lot of product that brings intelligence and ai into the box. we have solutions that go deeper
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into security and compliance to better serve customers. emily: bloomberg has confirmed that gary cohn is leaving his post at the white house. obviously, the ceo of goldman sachs, this has been talked about your you have been an outspoken opponent of the top administration. what do you make of this in the more than ae we are year to this administration? are we better off or worse off them without we would be? aaron: we are so off the path of where i could imagine. generally, we tend to think literally, and this has been .onlinear i think the resignation will just lead more to it. it is hard for me to compare where we would be think in a year ago. it is not good to see lack of stability and steady hands of some of the people he was surrounded by.
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emily: do think it will hurt business? aaron: i have no idea. businesses is probably appreciated summit having gary cohn's background in the in theal views administration who is pro-trade and oriented toward a growth economy. i think this could put some risk from the policies. that is what matters a lot in terms of these roles, who is advising the president and what are the policies we see enacted? i think having summative like gary out of the system and not advising trump, i can't imagine is a positive thing. emily: that was aaron levy, box ceo and cofounder. that does it for this edition of "the best of bloomberg technology." tune in every day. remember, all episodes of limerick technology are now live streaming -- of a bloomberg
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technology are live streaming on twitter. that is all for now. this is bloomberg. ♪ mom, dad, can we talk?
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sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store
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near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. michael: coming up on "bloomberg best," the stories that shaped the week in business around the world. the white house steps up its hard line on trade, and gary cohn steps down. >> the president is focused on growth. that is our number one objective. >> having someone like gary cohn was market friendly. it was something the market was on the same page with. michael: and populist parties gain as italy goes to the polls. central banks send signals on the future of stimulus. >> we needed to remove the explicit reference to the likelihood of an increase in the pace of purchases. michael: energy leaders come together and discuss how shale

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