a february 25 cease-fire resolution, violence and suffering continues in syria. >> out best my colleagues to consider whether we are a february 25 cease-fire wrong when we port to forces working alongside assad as being responsible for the slaughter. mark: in the meantime russia's ambassador argued they weren't the only councilmember making concrete steps to implement resolution. massachusetts can join california in a las vegas the trump administration to include a citizenship question on the 2020 census. the democratic secretary of state called the decision and attempt to suppress the account i frighten voters will have large immigrant populations. use of therump's idea of using the military budget to pay for the border wall and you brought up the idea in a meeting last week with speaker paul ryan. russian president vladimir putin

visited a memorial of victims of a mall fire in siberia with rallying of citizens and demanding a full of atigation that killed fire that killed 64 people. i am mark crumpton a new york. "bloomberg technology" is next. ♪ emily: i am emily chang and this is "bloomberg technology". a selloff in tech stocks pushes down equities and by volatility is not going away. plus and important stop in the mark zuckerberg apology tour, as he decides to testify on capitol hill. apple hits rewind with a new plan to go back to school, and the spotlight on two of the tax

biggest players in the classroom coming up. coming up, hourly. thiszuckerberg decided time to face the congressional music. he will appear before a committee to answer the role of facebook's and the data breach from cabbage analytic. has been the subject of criticism from lawmakers in both sides of the aisle into a not appear for a u.k. parliamentary committee. his decision hasn't helped facebook stock much as it got 4% with trading on tuesday and has seen over $90 billion loss since the scandal broke. i would like to welcome sarah covers the social network on bloomberg and we also have caroline hyde in london. first of all, zuckerberg agreed to testify.

all, zuckerberg agreed to testify. i don't believe you spoken to congress before. what do we know about his appearance or will he say? sarah: we know he is come to terms, and he said last week if i am the right person to answer these questions i will do it. congress came back and said, you are the right person. we want to hear from you. so zuckerberg has come to terms with that. in front of congress that is going to be so many questions that facebook can't just answer. a lot of questions in particular about where this data has gone that was shared with third party developers before 2014. facebook doesn't really know -- they are going to do audits that they don't have the answer to where are the 50 million user profiles. wended cambridge analytica delete them? -- they relied on cambridge analytica and the reporting from the new york times last week --

we didn't realize that was not the case. emily: what was the reaction in the u.k.? caroline: anger, came back fighting. committee ofhe digital culture is investigating how fake news i'd have been -- played a role in the brexit vote in the u.k. david collins who heads the committee has come strongly to ctonews that it will be the or chief product officer coming instead come and he said it is absolutely astonishing that mark zuckerberg is not prepared to submit himself to questioning. ifurged him to think again he has any care for people to use his company's services. trying to be emotional here, and in a later damien collins wrote on march 20, he said a senior facebook executive with a hope would be mark zuckerberg.

mark zuckerberg feels he is not the right person, the cto at scipio and the letter they sent back said they are the longest serving executives and they have extensive backgrounds and understanding to answer the committees. there is this statement from facebook. they say that u.k. and the eu should matter to you and we can confirm 1% of the global downloads of the act that came from users in the eu and u.k. -- and the app was designed and was passed on from cambridge analytica and therefore gave 50 million users of facebook -- and they say hardly any of them is in the eu and u.k. and that is white mark zuckerberg feels he does that have to come to parliament here. itsy: facebook is getting docks in a row and hiring for 11 different positions on capitol hill. talk about the extent of

facebook's lobbying efforts and how that compares to other tech companies and what they are trying to change. sarah: facebook budget spending lobbying is so much smaller than the companies that have been doing it for years, google, microsoft, apple. facebook is slow to join the party and in the past it and have a contentious relationship with washington and grew up in barack obama's presidency. now they are realizing they need to make nice and figure out how to get in on these issues before they come to a head. how to explain their product to congress and lawmakers because a lot of them don't understand the fundamental ways it works. are not fact most ads purchased through human salespeople and purchased through an automatic advertising system. all of the things that has

become clear in the last few months -- it is like the general public -- congress has lots to educate. emily: the controversy continues to swirl and we learn new layers to the broader cambridge analytica story. asre is a whistleblower work a contractor at cambridge analytica who has told parliament that brexit could have gone the other way if there hadn't in, as he calls it, cheating. give us more background of what we learned here. this is christopher wylie, the whistleblower for the observer. of the u.k.,ont and he said potentially as you mentioned -- the brexit vote could have gone differently if perhaps some of these related entities the cambridge analytica -- christopher wylie is saying cambridge in the lytic us entities -- cambridge

analytica's was paid a significant amount and the cuts way that. he said 500 million people could have been affected best 50 million people to have been affected. he also talked about a company that peter teal is on the board -- and they can be wrapped up in all of this as well. emily: caroline hyde in san francisco -- the story is not going away and won't continue to talk about this every single day. in the meantime another while day for u.s. stocks worth tech sure leaving the route and major averages posting steep losses but the nasdaq and the biggest decline. and joins us now from new york. this is the worst day for nasdaq since february 8. walk us through the action and what it means. sent like ay, i

broken record but another roller coaster for u.s. stocks, and we started higher and losses. modest gains for the major averages from mid morning to late morning. right around noon the nasdaq ticked lower and that led to the selloff leading to the worst day for the nasdaq and nasdaq 100 since february. that stands out, and the nasdaq 100 had its worst week since august of 2015. on a daily basis none of those days were as bad as today. the sellers are out and it makes yesterday's rebound rally look like a dead cat bounce. it led to the selling for all three major averages. and nvidia shares had been higher for much of the morning, and the company presented at a conference. right around noon reuters reported the company decided to temporarily suspend its autonomous driving efforts. t shares soaring

investorsdown 10% and not liking that cautious headline. they were a tech darling and up more than 100% in the last months, and it had been a linchpin. lower is apple, microsoft, intel, lots of bearish action and it seems as though the volatility is starting to go to the sellers. a big piece of this, the tech selling and the highflying sector -- really taking a leg lower on the year and the day. in particular and specifically -- the f, facebook. abigal: is amazing what is happening with that stock and the headline today around mark zuckerberg not

helping the matter with shares down 5%. briefly the stock was higher but when the headline came out that mark zuckerberg could in fact be testified before congress -- investors not liking that. what it could mean a red regulation and taking the trade lower along with that nvidia headlines. if we hopped on to the bloomberg and look at g #btv 476, it is hard to believe this but the degree of selling today was such that we had the index down 6% on the day. the worst day going back all the way to 2014. that is extraordinary and the degree of selling pressure we see today. volatility braids volatility and it is likely we see more as the weekend probably as we move into april. emily: abigail, another extraordinary day. was say what you say tomorrow. and apple aims to go head-to-head with google's

chrome but in the education market. details our next. ♪

emily: apple is making a push to go head-to-head with google on education and is a market will help pioneer but lancaster in recent years. at a event in chicago they unveiled a new ipad that will square off against google's:, and will compete with google's software. joining us is mark gurman. whatit all down for us, are the highlights here and where apple will be able to take on google and not so much. when apple was founded

decades ago it was synonymous with creative users and internet users and also education users. i murmur going up in school we had education max and that languished over the last two years. iphones and that ipads were only 12% of k to 12 shipments, whereas google had more of the market so there'll was clearly a problem and apple needed to address it so they decided to go back tonight at they released last year. ipad withoutr cost many of the bells and whistles the pro model. was good enough for education users. what there doing this year is updating with a faster processor with a chip in the iphone 7 released years ago and support for the apple pencil and other bells and whistles with the camera and lte screens and such an slapping an education logo on it and making a education push.

aes have new software and school app for teachers and students to submit their work. they have new curriculums to so aop apps for students, lot of new education software to go along with the education hardware. the bigger picture news here is the push around it. nothing they announced today is novel or breakthrough, it is just refocusing irina at strategy around students, teachers, and education. emily: mark gurman, thank you so much for breaking it down. i will continue the discussion with shira, and you are saying apple may not be able to reverse fortunes in this market. why not? talked but the market share because of google,

one of the under told stories in technology over the last five years is how google has managed to sweep in to u.s. schools and take over the computing market there. i think apple's weakness here -- they notice -- was the software. this is the big selling point of chrome books, it is not just low-cost devices but this ecosystem and bundle of devices, plus all the software that kids, teachers, and administrators need to both manage those email, writeo have papers, get assignments from teachers. apple made some of those promises today, but the question is can they deliver? can a company whose software is checkered if you look at the failings of software like i work, which got a refresh today. this apple have the software

chops and collaborative software chops to go head-to-head with google on education? emily: that said, apple wasn't first to market with a tablet or smartphone and they came to dominate both markets. why couldn't something like that happen in education as well? shira: it has been a seesaw market and for education for decades -- apple had a turn with its leader and microsoft had a turn. google more recently had a turn, so apple could rebound from earlier losses and educational market. but thereimpossible, is weakness is there that google exploited on the software side. talking to teachers and using teachers as analysts of the education market -- if apple is focused on the education market, i think they can absolutely rebound. to have thee technical chops our focus on education they need to really

make a go of it. thank you so much for stopping by. startupp, messaging intercom has pushed to the elite group. mary meekerto leading the winter $25 million funding round. all of the details next. this is bloomberg. ♪

emily: messaging startup intercom sold a pricey stake in itself. the funding round of warner $25 million was led by mary maker, and valued at $1.2 billion. that brings it to the elite group of startups known as unicorns, and the funding comes as messaging services and general continued to gain traction, often replacing emailed.

joining us is intercom ceo. -- we are getting more notifications and messages than ever. what is the value proposition of your product? the way we describe ourselves as a messaging first alternative to a bunch of incumbent products like like chat products and automation products. fundamentally we are a customer that form. main prop is we focus on an email channel. ,mail has been here for decades but modern consumers expect a substantially more fluid and personal and engaging way connect businesses. emily: is this a replacement for

email? email is not going anywhere, is here to stay just like the fax machine. you will find them, they are on the slow way out. a traditional channel like him out and you will see more people rely on it. one of the big bets we are making is all businesses will use it. emily: mary meeker says its platform unifies customer data and in laos sales marketing and teams to have consistently high-quality interactions with customers. who is to say a giant incumbent like salesforce doesn't try to do what you do or by a version of you and do it themselves? we look at salesforce and there is no one like them.

especially really big ones -- they have a foundation. everything they do they have to lean from that place. they were built 20 years ago. businesses that make customers in person or on the phone -- and it will stretch and do things like this but it will take a new -- fundamental. emily: are you saying you are open to an acquisition from salesforce? eoghan: you didn't hear any of that. [laughter] emily: we hear companies raise valuations and they may not sustain them, what is the risk there and how do you assess that risk? our first raised million dollars and a $6 million valuation, i was scared.

any time you go out there and put yourself to the world and tell your best story and set new goals -- it is intimidating. but have always done his focus on customers and products and it will take us to places. emily: you think will see consolidation and messaging consumer and enterprise? for consumers it is better for companies to point to. met for the first time today, hopefully i'm am not wrong, but there is so many messaging products. emily: too many. there will be consolidation for some that failed, but a lot will serve specific use cases. slack is great for teammates to connect and intercom is specifically for businesses and customers. eoghanintercom ceo,

mccabe, think you for joining us. lyft has grown dramatically due to a surge in corporate times. will talk to lift chief business officer, next. you can listen to us on the bloomberg radio app or on sirius xm. this is bloomberg. ♪

mark: you are watching bloomberg technology and let's check first world news. japan's new service reports kim jong-un held talks in beijing with chinese president xi

jinping. media outlets reported kim's arrival on a special train similar to the one used to his father for his china visits. trip comes ahead of a planned meeting this spring president trump. israeli prime minister benjamin netanyahu is expected to be released from the hospital tonight and is being treated for a upper respiratory virus. netanyahu and his wife and son were question monday by israeli police in a corruption case. nato secretary-general says the alliance will expel staff from the russian mission and action follows this months nerve agent poisoning of a former russian spy in britain. he says russia has underestimated nato. >> we are not changing our approach to russia, which is based on a dual track approach, meaning strong defense and dialogue. will continue to prepare for the next meeting of the nato council.

response.s a mark: demonstrators in catalonia blocked highways in central barcelona as protests continue over the detention in germany of former leader, who that spain from belgium after a bid for independence was crushed by the central government in madrid. global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. it is after 5:30 p.m. in new york and that is 8:30 a.m. in sydney where my colleague paul allen has a look at the markets. good morning. >> it is looking like the exact opposite of yesterday this morning in the asia-pacific. off twoing is artie thirds of 1% after the wall street is lower, the doubt s&p and nasdaq all lower, the nasdaq

concerned that chinese investment in tech will be the next in line or trade action. futures around the region, asx futures lower. belowdex will slip back 5008 hundred points, indicate futures modestly higher. currencies also take a beating with the aussie dollar back. the quick check on commodities, gold and oil weaker. and copper one of the very few bright spots today. i am paul allen in sydney. next.rom ♪ ♪ this is bloomberg technology and i am emily chang. seennterprise arm has

steady growth over the last year thanks to the man corporate clients and expansion into the health care sector. while competition in ride-hailing is always red hot, partnerships with starbucks, hewlett-packard, and jetblue, we bagajoined with david tak from lyft. what is included in that number? david: revenue. emily: talk to us what is making that revenue and where is this is coming from? david: the lyft business was started approximately three thes ago so lyft is over years old and the mission is to provide the world's best transportation. lyft works with organizations to provide rights for people they care about. students. patients, we have an entire team that is

sales, customer service, building products and services to serve our b2b clients. aily: are corporate clients maddening regular card services and adding this on as a option? david: it is a combination. yet some replacement of down transportation. emily: do these these operate the same way are they there and can they wait just like a typical car service? experience for a traveler is virtually the same you would get if you are a regular consumer. , yet a whole set of applications behind the scenes for corporate administrators to be able to create and design manage and a straight -- and administrative programs. you can schedule rights or request a right through our concierge application for somebody who doesn't have a yft app.one or leav emily: you are partnering with

health care partners and there is talk of replacing traditional and lance services instead of calling inhabitants. isn't an service something you would partner with? david: in an emergency situation what recommend calling 911, but what we are focused is on working in not emergency medical emergency providers. people missed doctors appointment because they don't have reliable transfer rotation -- transportation. providerss andth transportation brokers to be able to include left as one of the transportation options for folks who need a ride to doctors doctor's office or from when they are done. emily: what you think will sustain? we know you had gains last year after uber went through struggles, will sustain gains and perhaps exploring them? david: the three things we are

focused on in the lyft business. we are focused on the customer and we think we are the leader in customer service and that comes from a passion to solve the problem. that is something i hope we never lose sight of. the second is innovation of introducing new products. we constantly are faced with clients -- the most challenging transportation conundrums and we roll up our sleeves and design new products we roll out to clients and opening up new industries completely. the third is about being able to higher great people -- hire great people to continue growth rate. emily: we talk a lot about self driving cars and this is a different division than years at lyft. we talk about every signal they given the birth self driving given the uber self driving crash and uber is saying

they are not going to renew their permit for self driving cars in california. we expect regulators may take a's given what we see especially over the last week. lw will that impact the yft? news was incredibly saddening to all of us and our condolences go to the victims and a loved one's. for lyft we are focused on safety and that is the number one priority for our self driving initiative. emily: how do you make sure that is a priority given the weight you are pursuing self driving cars my a partnerships? david: today we are testing and developing a self driving system but we don't have any cars on the road. emily: you think this will fundamentally hold back self-driving efforts overall a will that ultimately -- or will we get to a place where this is mainstream and save? david: ultimately i do believe

will see self driving delivering the benefits we have talked about for the last several years. i do think this will be a pause, and it will allow regulators and technology suppliers and participants to really take a hard look at what is the path to making good on viable. emily: given different businesses that left his , i wonder if with self driving -- if ridesharing becomes a commodity and whether the choice between uber and lyft simply comes down to ultimately how far away is this car i can get? david: we have seen that coverage matters. eta matters and pricing is critical importance to remain competitive. andhink value also matters,

that is an important factor we are seeing introduced in the criteria of decision-making for consumers and certainly showing up from our b2b clients. know you are i working on exciting partnerships and you will have to come back to talk to us. thank you for stopping by. the saudi crown prince is making his first official visit to the u.s. since becoming heir to the throne and he is traveling to the west coast to meet some of the biggest firms. for now we are joined by olivia zaleski. what do we know about the trip and who will he visit? olivia: it is an exciting and controversial moment in tech history and on friday the crown prince will visit seattle and meet with amazon's jeff bezos, and in microsoft. he will meet with executives in bowling and in will travel to l.a. where he will meet with movie execs and executives from

hyperloop and snap. and in will come to silicon valley where he will be with google, uber, and apple. emily: why such a focus on technology companies in particular? olivia: i think the crown prince is try to diversify saudi arabia away from oil investments. technology presents an exciting opportunity and an opportunity for employment for his people. a lot of young people need jobs so he is eager taking deals while he is here to bring u.s. tech companies over to saudi arabia. emily: what do we know about the kinds of deals in particular that he is looking for? he is: we understand focused on getting some data centers in place. google eightmple, a deal that they will provide cloud services to saudi ramco. we also understand he is pushing

amazon but in cloud services there. he wants a more robust data services operation. we also understand he is pressuring tech companies to build offices in saudi arabia's capital. talk about the controversy surrounding these deals because they don't come without a little bit of baggage, especially given the dollar amounts we are talking about. it is interesting reporting this story because every company we reached out to set no comment. no comment, and we understand some ceos asked not to be photographed with the crown prince. it is very controversial he is here and taking these meetings, and he has a reputation for being a tyrant. he recently imprisoned several saudi arabia's top businessmen at the ritz-carlton hotel and has been criticized for the bombing in yemen. also saudi arabia's treatment of

women is a very controversial topic and a hot topic right now in silicon valley, especially where there is sensitivity of how tech companies treat women. olivia zaleski, thank you for your reporting and will cover that visit by the hour. coming up, could google oh oracle one massive check? we look at the case. this is bloomberg. ♪

emily: real could go oracle $9 billion for inappropriately using code in its operating

system and the court ruled codee's use of oracle could grow even more -- in a case that fixed act of 2010 in the case can have far-reaching fishes for the software industry and has divided silicon valley for years over the concept of fair use in programming. to get into the legal leads in this case i turn to matt larson covers tech litigation. this case was filed the year before "bloomberg technology" was founded in we're becoming every single year. both google and oracle have won and lost appeals. where are we now? we are on the third go around and the case was filed in 2010 and was another trial and appeal, and now we got to the point where it looks like google may position to supreme court.

they were on the losing end of the last round of appeals, which the court ruled their use of the java api was not fair use and it was no defense to the infringement and needs to go back to the trial court to decide what damage is owed to oracle, if any. emily: who will win the case? matt: right now we view that oracle has the better case, and this legal case keeps going back and forth. google will secure a victory or partial victory and oracle will appeal and the appeal site will side with oracle so the legal ground is shifting a little bit. at this juncture we think oracle has the better case and we do some compensation for developing the platform and the code that has given rights to the android platform. they: talk about implications and why it is so closely watched and tech. it has implications for software developers and the idea that companies are grappling

with is where this ownership begin and where does it end? where is the coding structure available for use for everyone? oracle made the api available for developers, specific applications to run on a platform, but not a commercially competitive product. software companies are grappling with the difference and where they can make something open-source and allow people to build off of the existing platform versus where can we start to use known techniques or existing structures to develop commercially competitive products. that is what the industry is looking at. emily: what is next and you expect us to go to the supreme court? matt: google will certainly try, and they did in the last go around and challenging whether that application program interfaces were even protectable by copyright. the supreme court should that down and let the federal circuit decision stand.

we anticipate google would do a couple of things -- they may ask a panel of appellate judges to make a decision or to supreme court. if get shutdown will go before a court in california. 8.8 billion dollars at stake, but that judgment would necessarily be paid and to be part of it? roll the be better to dice and pay the lawyers. emily: netflix is stirring up some controversy in brazil. forward after a fictional show based on the real-life corruption probe carwash" was added to the service. amid fallout from the scandal, the show was called underhanded and full of lies. coming up, a software company and the ipo success story of last year and what you learned

from going public. next. this is bloomberg. ♪

emily: and powerful global managers considering an ipo credit to people with knowledge of the matter. held talksity firm with advisors and mesic to begin the process before the end of the year. they could have a intersperse value of over $10 billion in a u.s. listing. okta has had a successful run since going public, stocks are up next to a steady demand with data security industry. caroline hyde caught up with todd mckinnon to talk about the road to going public.

we always wanted to be a independent company that went public. for us what drove it was a couple of things. one is, and this is interesting to me, a big factor was employees. we compensated employees partly and stock. going public was the best way to help them realize that competition. -- compensation. but we do is we sell a service that is about trust and security and to be a listed company. it really helps that message. your financials are audited and they can see your business is successful and you can have staying power. it helps a very important purchase for them with more confidence. caroline: we are seeing a rise of ipos in the tech world and a box. todd: relatively few compared to past norms.

caroline: you think it will pick up? venture capitalists have been so prevalent, a lot of companies used to be so -- in a quaint old time you went public because you needed money. but now companies can race so much money publicly -- dropbox rate money privately so they never needed to go public but you see more companies come to that maturity or they can go public. caroline: what about so modify -- spotify listing? you think that is something that can catch on? goes back to what i was saying about another reason to go public to the employees or other shareholders reap the rewards of investing in you. they are doing that without having to raise any more money, which i can't speak to a specific reasons why they chose that. it is nontraditional.

caroline: he said going public is about trust and security. talk about trust and security at the moment when all we can talk about is facebook at the data of the million americans getting into the hands of cambridge analytica. fighting atey are the moment -- how are you single focus on data affecting your business? todd: it is truly on everyone's mind. when of the things that accelerate our business is that when we started, identity management and security were a little bit -- the people in i.t. would worry about it but they weren't prevalent at the top levels of organizations. now security and privacy is a board in every industry has two pressures that a lot of times are opposite. one pressure is they have to connect with customers more and have to provide better websites, better services, better mobile apps, which means collecting

more data and more personalized and specific to them. on the other hand they have to be more secure and make sure they are not reached. they canake sure provide privacy controls and provides regulations. a lot of times those things are at odds and it is hard to do both. and leadership team in every industry is trying to figure out how to do both things and that is where we can help them. theline: gdp are is protection coming on may 25, how do you do with that regulation because it is going to make -- it is going to give more power back to the consumer and in fact, if facebook wasn't going through what it has done, what occurred at the spec had occurred today -- they could have racked up significant finds. how is that affecting your clients? todd: i think it is great for the industry and do something very simple. it raises the conversation.

it gives us a way to talk about these things and was sufficient controls and who controls what. that is a simple concept that our industry hasn't wrestled with enough. having the regulations and the vernacular really gives us the conversation to figure some of these problems out. emily: that was todd mckinnon caroline hyde in london. and that does it for this edition of "bloomberg technology" and a reminder livestream on twitter and check us out on weekdays at 5:00 in new york. bloomberg. ♪

>> tech is dragging wall street down. bonds are surging. >> tesla is a big loser falling about the doubts of making the model three. president trump is considering new moves against china with plans to restrict investment incentive