>> aim in washington and you're watching bloomberg technology. here is a check of your first word news. president trump says it's up to his nominee to lead the veterans department. ronny jackson to decide if he still wants to win senate confirmation. president trump: i'll always stand behind him and let it be his choice. but here is a man who has just been an extraordinary person. his family, extraordinary success. great doctor. great everything. and he has to listen to the abuse that -- i wouldn't. >> jackson's hearing is delayed after allegations regarding incomplete inappropriate behavior on the job. senate minority leader chuck schumer will oppose the confirmation for secretary of

state. schumer backed him as c.i.a. director but said today pompeo did not answer questions from a top diplomat satisfactorilyy. steven mnuchin leaves for china in a few days for negotiations over u.s. trade disputes his first official trip as trade secretary. president trump said tariffs on chinese goods will take effect if both sides fail to agree. a family spokesman says 93-year-old former president george h.w. bush is responding and recovering. he's been hospitalized since sunday. global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. loomberg technology is next.

xxx >> this is bloomberg technology. coming up, google earnings spark an $85 billion slump. a full report on tuesday's tax market sell off. plus, the whistle blower who blew the lid off the cambridge analytic facebook scandal heads to capitol hill. we'll look at what went down with lawmakers behind closed doors. nd uber releases new diversity statistics. the results? meager gains. those numbers ahead. first to our lead. it was the worst day for stocks in weeks and the first five day slide for the dow in more than a year. tech stocks particularly getting hit hard off the back of google parent alphabet earnings. joining us now to break it all down our bloomberg stocks reporter. so, a research affiliate saying a tech bubble has been burst. walk us through the day. >> that is a pretty big call there. it will be interesting to see whether that is proven with

time. certainly the stocks or the chips index is down sharply and technically broken so perhaps it is an early tell. relative to the day it was certainly interesting for the major averages with the dow, s&p 500, the nasdaq actually starting higher and as the day progressed each of the major averages traded lower and then especially in the middle of the day we started to see a steeper selloff led by the dow and caterpillar. caterpillar put up a very strong first quarter but they made an oblique comment on the conference call the rest of the year and so that really seemed to be a spark of a bit after sell off. relative to technology this had very much to do with alphabet of course. the internet giant did report yesterday a strong quarter with earnings and sales estimates but of course those rising traffic acquisition costs, food for the bears, and that dropped down in a big way on the day down more than 4.5% and seemed to really weigh on the rest of the tech sector with so many reports, earnings reports coming out this week. but one spot of relative

strength, the chip sector, the stock was down on the day about 0.8 of 1%. you can see on the screen intel and texas instruments hanging in there of course after the bell reporting better than expected quarter and those shores in post market trading higher. intel later this week. micron down once again. one analyst over at u.b.s. has been pretty bearish on this name around the memory cycle. however, that same analyst initiated with a sell rating on intel not so long ago so interesting to see how that plays out for make ron but nonetheless lots of bearish action for the tech sector. on jitters around this earnings report. and something to observe here, emily, it seems that many of the companies are beating but there is some sort of nuance that investors are hanging on to and that has been causing many shares to slide. >> so obviously earnings season off to a jittery start.

we have big names coming up. facebook, microsoft, apple in the days and weeks ahead. what are we expecting? >> i think it is going to be very interesting to see what does happen over the next five days. apple i'd like to talk about apple because apple over the last several days has been down quite sharply over the last five days. you can see that they are down 18.6%. of course last night guidance suggested the iphone demand might be weak. and that stock really down sharply on all of this. around fears that the june quarter guide could be far more disappointing and even with street estimates apparently coming in for that june quarter that was really the spark for some of the jitters we've seen for some of the other names and then to have alphabet's traffic acquisition costs be higher is continuing so relative to the rest of the week of course as you were just mentioning amazon, microsoft, and intel will be on thursday. i think that investors will be watching all of those results very closely in terms of is

there a but, is there a nuance that for some reason investors don't like. a big one tomorrow facebook. reports after the bell and beyond looking for color on the came bridge data analytica privacy scandal and whether that at some point will be weighing on revenues in the future i think it will be something investors will look at. plus will it be a clean quarter? the expectations are there will be big growth but time will tell. there seem to be nuances with many of these reports investors aren't quite liking. we'll have to wait until tomorrow right around this time. >> all right. thank you so much for that update. facebook c.e.o. mark zuckerberg has famously warned against the social media platform becoming arbiters of truth but today his company took an unprecedented step by making public their secret guidelines about what billion users can and cannot post. this includes definitions for

hate speech, violence, and much more. it explains how users will be able to appeal bans on individual posts. my next guest sat in on one of facebook's biweekly standard meetings in his new article in "wired" is titled "here is what facebook won't let you post." steven levy as senior writer and is working on an upcoming book about facebook and has written many books about the tech industry. the big question is, will what facebook has been through in the last two months, will this analytica data scandal and broader concerns about privacy impact engagement materially and will this hurt their business? if so, how much? >> right. i think in some quarters some people, i talked to some recently who said they're using facebook less. facebook insists they are not seeing widespread retreat from use of the product. and i wouldn't be surprised if the results they report tomorrow reflect that. i think the things to look at are two things. one would be mark zuckerberg

has said in the past that facebook is going to be willing to make less money in order to make the fixes that he bleambs it has to make to keep users' trust. it will be interesting to see if he translates that to actual numbers so the investments they make to win trust, you know, are going to say, how much less are you going to make? second, to see if there is any kind of impact from advertisers because of the conditions we see there. >> we were told a few advertisers have taken a pause but, yes. otherwise any other impact has been minimal. facebook has today publicized this 27-page standards guide. 8,000 words. very, very lengthy. why now? >> i think that, you know, gain, this is -- what i call a trust-a-ploozea. we've been under a plizzard of announcements of facebook saying ok. we're going to be transparent

here. we're going to change this policy and that policy. it has a -- very much an engineering mentality and mark hopes to engineer his way to win our trust or win our trust back in this time of crisis there. so he doesn't want to just apologize but apologize along with telling us we're doing this and that. now it's a big thing that in his testimony to congress a couple weeks ago, where he was able to do bullet points and saying, well, look what happened in cambridge analytica. we fixed that. we fixed it even before it was reported. and then here is the other things we've done. this is really interesting because it gives, you know, sometimes a disturbing picture of the kinds of things that people post on facebook and what this is really the playbook that it gives its moderators. 7500 people who use this playbook to say, hum. this is something that's been reported to us, an

objectionable post. does it follow the rules? and the rules are very explicit. d almost, you know, in their detail about what a murder is as opposed to a mass murderer or serial murderer. different forms of nudity. you could really dive into the details on this. >> so the big question is these moderators how many are full-time facebook employees, how fast do they have to make the decisions? sometimes these rules are actually quite confusing. can they make these decisions as fast as they need to be made? >> that is why the appeals part of announcement might be important. you really wouldn't get an answer very quickly or very clearly about why this happened. what facebook is saying now is if one of your posts gets taken down you can go to the playbook and say, oh, this is why i violated it am or if you say that was wrong they could say

you could appeal and with the 24 hours, someone is going to look at it and give it consideration. >> you went into one of the standard meetings and i know you can't talk about specifics and a specific example discussed but what was your impression? what surprised you about how these meetings run? what seemed to be working and what did you question? >> i've sat in a lot meetings of technology kms. this is like a standard kind of thing whether a google search launch meet org i sat in on meetings with a news feed at facebook. what happens is there is a proposed change. a group goes off and does research into it. in this case a technical -- they consult outside experts and sometimes interest groups. they do their own research. they say, ok. here's a possible change in the policy and here's the options we have to pursue it. one might be not to change it. another might be to change it this way or that way. then they make a decision.

>> is facebook treading dangerously close to that line of being the arbiters of truth and should they be going closer to it or moving away? >> there is no way they could avoid it. because even though it's an open platform and they want to encourage free speech they want to make it a safe place there. there is always going to be this tension between moderating content or censoring it as some people say and making it a safe place. >> now, in his testimony mark zuckerberg to me took more responsibility than he ever had for the content. that gets posted on the platform which i wondered if executives at twitter and google were kind of like oh, no this might implicate us as well. how do you think this will spill over at twitter and google? one surprising thing about alphabet earnings was we didn't see a huge impact from the privacy concerns. maybe that is going to happen in coming quarters. will they be impacted too? >> right now facebook as bulls eye for all of this concern but

the other companies know that they're in the same boat. youtube has come up with a lot of criticism. you look at their content moderation policy and you go to a page that gives you very general guidelines. it doesn't break it down specifically as the facebook playbook they just released today. twitter has for years posed itself as anything goes free speech and realize that isn't going to play anymore. all these companies have to fight this damned if you do damned if you don't situation. >> well, plenty of fodder for your book out next year. steven levy, "wired" magazine. as always great to have you on the show. thank you. coming up we speak to congressman jeffries who met with the whistle blower who sparked the facebook cambridge analytica scandal. that is next. this is bloomberg. ♪

rges the man who helped reveal a political consulting firm with ties to president trump may have misused the personal data on tens of millions of facebook users was on capitol hill today. cambridge analytica whistle blower christopher wiley met with house democrats and before meeting with judiciary committee members and staff from oversight and government he told els, reporters he'd provide answers to whatever the lawmakers ask. joining us now one lawmaker who met with him representative jeffries of the eighth district of new york. what can you tell us about what happened at the meeting, what was said, and how disturbing it was? >> well, it was a very useful meeting in terms of the

information provided to us. christopher wiley painted a very credible but also very frightening picture of how came bridge analytica using misappropriated data on very intimate information from the american people without their knowledge then manipulated that data in a way that was designed to help shape artificially results of a presidential election. >> knowing what you know now is there anything that you wish congress had asked mark zuckerberg during those hearings? many people felt lawmakers simply weren't prepared to ask the right questions. >> i think certainly at least on the house side that the members of the energy and commerce committee were able to go a little further than my colleagues on the senate. they also had the benefit of he second day.

we still intoed to unpack the precise nature of when facebook became aware there had been a misappropriation of their data and why they didn't go further than asking for a certification from came bridge analytica that -- cambridge analytica that proved obviously to be false. certainly as the c.e.o. of facebook has acknowledged, there is much more that the company could have done at that moment in time to prevent the data from being manipulated in the way that it was leading up to the presidential election and we've got to make sure now as members of congress that we can put up the appropriate guard rails for all of of these social media companies that have access to intimate information of the american people in ways that won't allow for future exploitation. >> would you like to see more legislation and if so what kind? >> first of all we have to make

sure that when an ad has been purchased or put together or manufactured by someone for a learly political purpose those ads if on radio or television have to be disclosed in a certain fashion in terms of the source. we have to make sure moving forward that when ads are put forward before the american people or information is put forward if it derives from a political source from a campaign or from a political action committee that is endeavoring to manipulate the outcome of an election, that american people should at least have that information made available to them in the social media context just like it would be available to them on tv or radio. that is an important first step. >> so what would the second step be?

>> again, i think we've got to make sure there are rules that limit and/or prohibit the bility for foreign actors to utilize these social media platforms. to manipulate the american electorate in ways undertaken by the elections -- by the russians in the 2016 presidential campaign. clearly in hindsight there were many red flags that individuals should have noticed as it relates to the efforts by their spies and/or affiliated entities trying to manipulate our election that went unnoticed. after fact this has been unveiled for the american people and we need to make sure there are sufficient protocols put into place so that on the front end when you have foreign actors, hostile entities trying to interfere with our election

that can be stopped before they're able to make progress. >> all right. congressman hack employee jeffries, thank you so much -- congressman hak esm em jeffries thank you so much for stopping by. the other man to appear before lawmakers in the u.k. tuesday, alexander cogan the cambridge university researcher who created the app to obtain the facebook data on potentially 87 million people. he told the officials the data came with no contract and no obligation to destroy it. joining us from london to talk about the latest, i think it bears reminding our viewers that cambridge analytica continues to insist it did nothing wrong. what do you make this of side of the questioning today? >> fascinating. in point to what representative jeffries was saying there potentially data was manipulated and we saw it affect the outcome of the 2016 u.s. presidential election,

alexander kogan the academic at the heart of all this flatly denies and feels this didn't help win any election for donald trump. the data he harvested, he said actually it was unlikely the data helped the trump campaign. they tried it with ted cruz before the trump campaign. ted cruz's campaign was dissatisfied with it. it is not efficient micro targeting. why? because you wouldn't use this data to run political ads on facebook. he was basically saying to be efficient you use facebook's own tools. you don't build your own. he thought it would have been very unuseful in terms of winning the 2016 presidential campaign. that was notable and also the fact that he was saying, look. facebook should have known that i was passing on data to third parties. when he became a commercial entity not when he was in academia but became a commercial entity he put it in terms and conditions of the app he was making that he would pass on data to third parties.

in fact many companies do that. he says he challenged during other interviews post this testimony to go and check big companies and whether or not they do make very loose claims in terms and conditions so erefore you can indeed see ata passed on. 10's of thousands of other developers could have done this. it was easy. you didn't need special permission. he said the data came in an e-mail and he didn't feel it was any misuse. he now thinks in hindsight he should have realized people didn't realize what he was up to. >> hindsight is always 20/20. ok. live from london. we'll get back to you in a moment. coming up amazon delivers to your home but how about putting a package in the trunk of your car? amazon's latest prime membership offering is next. this is bloomberg.

rges amazon wants to get into your car. the online retailer will now unlock and deliver packages to your car if you own a chevy, buick, g.m.c. are or cadillac, 2015 model or newer and have an active service plan. the new service is available starting today to all prime members through amazon's key app. meantime citi reports -- it is reported amazon's profit could be cut. president trump claims the post office loses money on its contract with amazon. coming up uber is out with its second annual diversity report but there was a fair -- was there enough progress to keep up with other giants? we'll discuss, next. this is bloomberg.

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>> treasury secretary steven mnuchin will have the china in the next two days and begin direct talks on trade. president trump says he picks there's a good chance of making tariffs willf not, take effect on chinese goods as planned. the triple-based steven mnuchin's first as secretary, although he has met counterparts chris lake. japanese prosecutors have lunch investigation into the data scandal. the nikkei news says investigators have subpoenaed documents my companies related to years of fake all two reports.

investigators from the public prosecutor's office have a great to work with police on a joint inquiry. the maker of a jet engine that blew up on a southwest airlines plane last week recommended inspections including a turbine that failed. the first carriers to check older fan blades but a draft simulated among airlines explained the list included the engine on the fatal flight. initial inspections suggest mental fatigue. global news, 24 hours a day, on the air, and at tictoc on twitter. powered by more than 2,700 journalists and analysts in more than 120 countries. i am yvonne man. this is bloomberg. and a check on the markets as asian stocks falling and techmeme losses and off nearly 1% as simpson is on retreat tencent is weighing. and commodities is falling and caterpillar is set at the first

quarter is maybe as good as it gets. and it is not all bad for bonds in local currency terms. let's check in on this chart on terminals as the white global diversification is the way to go. on the turkestan begot with a fork 5% return with few dynamics at play. the economy is growing and the best performing this year, and inflation is slowing. pulling up the board to check on stock movers of note. yes china southern carriers ahead of first-quarter results. and age group the biggest loss as goldman and others expressed concerns about profit declines in the u.s. revenuesng after faltered the forecast and the ceo said some projects will be scaled back. a stock mover of note is to -- the market is taking its

advised bid negatively at 64 billion dollars a bed and have lost nearly 33% in january and is training at the lowest level since november of 2015. this is bloomberg technology and back to our top story. the tech industry got worse with stocks tumbling, and that is not where it ends. other tech giants sell in tandem ng, single most $85 billion in market value wiped out. joining us is caroline hyde with more. tech stocks got hit hard. how does it compare to the other markets? caroline: didn't perform as badly as other sectors. you type in the s&p 500 and dig into what sectors are

performing the worst, you will see that tech was down almost two percentage points in the right, but he also see industrials and materials. and he had abigail talk about the likes of caterpillar. this is a notable headwind in technology -- $85 billion not out of fang stocks. itiro did in one day -- eroded in one day. emily: and the broader concerns about data privacy and how that will impact usage and advertising at companies like facebook and google. perfect: this is a storm because everyone was hoping earnings would take them out of these concerns about regulatory headwinds and data privacy. this is why you perhaps see a selloff. off the bat make many numbers when you look at its earnings --

turning's, and get the issues that echoed that off the bat shares price. alphabet is on a downward trajectory and he see the overall thank stocks that shows a tug on the overall fang complex. many people are getting nervous and is a reason why we see so much caution to volatility. this is a nice chart that you see the elevated fear around technology in the white line. this is a 30 day moving average of your implied volatility on an etf that is technology. this is highlighted by day contracts, and they are saying that volatility is heightened to really elevated levels in years. no wonder you get slightly higher cost than anticipated for

alphabet, and that was the stock. selling on 2%age on average after the numbers come out. -- thisnot voting well is not boding well. going to bring this up, i want to amazon was hiring then, and germany is the second-biggest market. and today you see pictures of protests going on that happen because jeff bezos is in town and is receiving a price coming from a key media company and innovation. protesters, 350 people standing there, blowing whistles and banging drums. among them was a key politician to officiallyline become the next chancellor of germany. -- doesn't bode well for regulation.

emily: uber has increased the number of women working in tech rose by two by five percentage, but the company still lacks behind peers in silicon valley. they went the sick olympic of sexual harassment written by engineer company at the tech industry, in its second annual report uber said it can of employees globally are women. join us now is eric newcomer who covers all things uber. interesting that travis kalanick resisted putting up these numbers until he was forced to and aftermath. year that report last they moved the noodles lightly a year later. what are the highlights? >> 2.5% is not a lot. they're our shary started in september and he is ceo for seven months and will take time

to turn things around. interestingly, a lot of the progress is made outside of the u.s. and canada. u.s. and canada backslid and became more mail while other regions begin significantly more female. emily: what about underrepresented minorities? >> african-americans are 8% of employees in the u.s., where they track it. clearly there is more work to be done, and i think the growth was similarly small in terms of improvement. hearing fromre you inside the company about the cultural transformation? >> people are more optimistic generally and think the company is taking steps. we haven't seen a close look at their diversity at work since the new ceo took over.

you hired a chief of diversity inclusion, and the old human resources had. the company says they are working, but will have toyou hiy see how it pans out. emily: what do we know about market shares? when we spoke to john zimmer, the president of the lyft, he says they have gained significant market share in certain markets. i wonder if the needle is turning back a little bit. >> i think uber would be shouting that from the top of the rooftops if there was a real shift backwards. lyft has been talking about 40 or 50% in some markets. obviously uber remains the dominant player in the united states. they are a global player, whereas lyft focuses in the u.s. and toronto, but they are gaining ground and holding on to it. emily: speaking of ride-hailing on the other side of the pond, the chinese ride-hailing service talks about an ipo that could happen this year. the wall street journal's says

it could be valued at $80 billion. and company is also considering other ways of raising capital including selling convertible bonds. what do we know? as wee these valuations learned are on paper until something real happens. it is a situation where fromnies, especially did softbank have raised money on the private markets. i think we'll have to see uber, if they want to go public towards the end of next year. we reported that they are the m where as the chief financial officer, which is a key piece to going public. all of these companies have gotten so big, they are certainly talking about ipo's. it is credible, but what the actual value is and whether didi goes this year, who will see. emily: and they have been

targeting in ipo the 2019 range, does it matter who gets the market first? >> there is the positioning story. it will be irrelevant. they are different markets. success -- the markets value right shirt, that is good news for uber. they are largely competing in different markets. if anything, the question is who is going to be the better marketer, in terms of who should go first. but one doing well is probably good for the other. newcomer, thank you so much. up, the invasion of scooters in silicon valley and beyond and we'll talk about that trend next. this is bloomberg. ♪

emily: spotify introduced a free version of a mobile app the targets 1.5 billion youtube users. the offering goes ahead of youtube's subscription music product. spotify's ari the biggest music service in the world and expanding with offers for free to reach a targeted one billion users. -- on monday, some physical sent a cease-and-desist motor right companies. the business practices involving companies create a public nuisance and are unlawful but city attorney dennis herrera demanded written part is part by the end of the month. joined us now is ofo president

chris taylor. offers bicycles, and the question is, are you going to offer scooters? >> we are in three hundred cities and 21 countries and we do a scooter product in a number of asian countries. i think scooters are interesting from a product perspective. doctors mobility is becoming a anyone can easily get around the city. emily: when will you bring scooters to the u.s.? >> at some time in 2018 select as we work with local governments. there's benefits to the product in terms of congestion and pollution and want to make sure and want toegatives work with cities hand-in-hand to enter. emily: what you make of the cease-and-desist letter in san francisco?

a lot of people are angry about this. people on the streets are annoyed. at parts likeok ours, there are two consumers. riding theer product, and those who see it every day. that includes being smarter about how you put the bikes are squibbers out there and making sure they are orderly and there is no ada issues with respect to putting them in walkways. the we have learned over 300 cities lebanon is how to do that. i think there's going pans with respect -- they do to work hand-in-hand and see the benefits not just for the person writing it but to the other people. emily: i was in san diego weeks ago and the scooters are in a pal of different colors everywhere. there is no rhyme or reason. when ever youthem need to get off and it seems problematic. >> there's two aspects of that,

consumer education make sure people know the furniture zone of the sidewalk and people understand where they can put the scooters our bikes are you there is an operational component, is the company thoughtful about operating the business and are they making sure that there isn't an eyesore respect to the product. i noticed other thing is he see groups of people riding. is is a commodity and are you competing on? >> there's not much in terms of brand loyalty. you will see people riding bikes. i know people are to figure out what products they like best. right now, and when entering the market -- consumers will decide overtime. emily: what will also bring to the table? as multi-mobile. what we bring to the platform is and thed scooters,

number of products depending on your choice. i personally like a traditional bike, but i want to write in a bike if i want to go uphill. how does the google acquisition of jump change things. i imagine there's a race to partner with other transportation companies? >> the biggest thing for us is a validation. allegation that one of the biggest players in transportation is interested in the space. they view it as this is not just a whim, this is something that they view at some level as a soeat to their market share, that want to acquire when the business is to make sure that they have a foot in the door. emily: will there be consolidation the same way we saw with maturing early on? you remember sidecar? and now we just have uber and lyft, and uber is in the lead. do you think the symbol happen here with bikes and scooters?

>> i think the landscape will narrow. you never got to a one player game. it is uber and lyft, and you will see the same thing play out here. there will be a narrowing of some of the players but there will be a few players within the market by the time it is done. emily: you worked at uber. how do profit margins compared? ie margins are so tiny, wonder how bike and scooter sharing compared to write sharing is not making a lot of money. >> the bikes cost less. itle uber doesn't on assets, costs money to acquire drivers to performance marketing. our bikes cost less than a cost to acquire a driver. you have to pay incentives to keep them on the platform. we jump that not only do i get a bike for the cost of the bike onto the platform, by do not have to worry that in 30 days it changes its color and rights of

a different platform, which is the major concern with the fedora uber when you send up a driver, and it must later they sent up to a competitor and you spend money for uber to acquire that user. we do not have to worry about the bikes switching platforms. emily: can you be a $70 billion company? >> i think we can come up into over 30 million trips a day globally. we think this market is actually much larger. now that this this is our shorter and the cost is less expensive to the user, i think will be larger. we can serve as a larger percentage of the population. emily: on the global scooter invasion, thank you very much. onebook and twitter report wednesday and can the kings of social media keep investors happy? that is next. this is bloomberg. ♪

emily: wednesday marks a big day for social media companies to report earnings. but facebook and twitter will answer to investors. first up will be twitter in the morning and facebook will report after the close. tuesday hasn't been kind to either company as both finished in the right. facebook is down there .7% and twitter losing who .4%. discuss him to bring our bloomberg tech executive editor tom giles. winona how much of this has to do with the cabbage analytica data scandal and broader odyssey concerns, but seeing what we saw today, is that give you new insight into tomorrow? >> there's a lot of bearishness in the tech sector, whether it is chips or the smartphone slowdown. you talk about texas, and tomorrow is a big day for social media.

facebook is in focus for tomorrow. the question is that cambridge analytica have an impact? so far mark zuckerberg has said we haven't seen in vitro the impact -- we haven't seen a material impact. sheryl sandberg said some advertisers are hitting the positive in on spending. was it enough for there to be an impact on sales? everything that anyone on the call says is going to be scrutinized if whether there was any kind of meaningful pullback. there's a couple of other things that happen at the beginning of the year. to make changes to the newsfeed and will make results more relevant and that might mean you see fewer advertisements. that is another thing people will look at. how much of an impact are those changes having? in the fourth quarter we had the inst time ever a decline north american users. did that continue into the first quarter and is it a function of

cambridge analytica or newsfeed changes are a function of everybody is facebooked out? emily: will that hang over twitter? >> or did twitter benefit from it? great questions. we have seen and heard the reader strategy is paying off. all of the investment they have put into that is starting to make a difference. on the sales side that can make a difference for twitter. are people coming to twitter and is it benefiting in any way? amateur we will see that, but i do think we'll see a sense of whether people look to twitter as a reliable news source, especially in the age of the andian bots misinformation and 2016. on thursday, what are we watching? >> if there's anybody line which

on postal rates and if the post office raises rates. are the trump trades making a difference and we have a regulatory scrutiny crackdown on amazon? no reason to believe anything is eminent or anything is going to have a material impact on their bottom line. the sensory get as far as analysts and amazon is concerned is there's going to be more and more investment in the future. emily: tom giles, becky for stopping by. big news coming up later this week. this edition of "bloomberg technology" and a reminder we livestream on twitter and check that would days at 5:00 p.m. new york time. this is bloomberg. ♪

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