♪ emily: this is "the best of bloomberg technology." we bring you all of our top interviews from this week in tech. facebook crushes on revenue and continues to add new users. we will put the earnings report in focus after one of the most challenging reports of the biggest social media platform. a new spending spree to change its biggest rivals. we will break down the earnings report. details on the apple ceos trip to the white house and the potential impact on u.s. trade tension with china. first to our lead, facebook

shook off any whiff of the facebook analytica scandal. analysts across the board were impressed with the financial results. wall street seems to believe management has address privacy issues, which have had minimal impact on earnings so far. the social media giant's ad sales are near records and users keep flocking to the social network. we spoke to the ceo and bloomberg editor, and e market analyst on wednesday right after facebook reported.

>> the revelations happened solely in the quarter that anything, any impact will likely happen in q2. this quarter's earnings would strong, the revenues look strong, user growth look strong. there is a lot of positive things that happened in the quarter. we are finding it hard to find much negative at this point. emily: obviously, some remains to be seen, but there are some analysts who told us that he thinks this is a blip and facebook will continue to have long runway. would you agree? david: it is a tough thing to answer in the same language that mark would use. they do think that we will see advertisers essentially having no choice but to use facebook for the most exact targeting they can get anywhere on a global basis. that is a huge asset for the company. on the other hand, this company is in an absolutely unique new position where it is very -- -- its very legitimacy is being questioned by society and governments around the world. i do not think it is possible to predict how the company and sub having to adapt to that, and what its profit and revenue implications could be, and advertising implications.

i think we are entering a new phase for the company, which impressively continues, and financially continues, but it is by no means out of the woods. it is in a position that no company has ever been in before and it might get bad. emily: i sat down with sheryl sandberg to talk about the controversy. she said that they never have run the company for short-term profitability. yet, we are seeing these numbers. debra, what do you think the impact will be on the current quarter? how are you building your model?

debra: we are watching user engagements really closely. it seems like facebook has always been able to increase the total monthly user base. we are watching for any sign that there is reduced engagement in terms of time spent on facebook, or the activity that people do there. we are also watching for any signs that advertisers will have less access to targeting capabilities. we see facebook rolling back certain things that advertisers use to be able to do in terms of targeting. it remains to be seen whether advertisers will continue to use facebook and other ways and establish new ways of using it. those other things that we are paying attention to. i think david is right, this is a time when there is a lot ofq question about facebook. -- question about facebook. q2 will give us a lot more information emily:. -- information. emily: mark zuckerberg is talking about the controversy and it is clear he did not do enough. also promising to get things in order in time for the u.s. midterm elections.

until now, he has couched it, saying it is an arms race. he is saying they will be ready for the u.s. midterm elections on the hopes that something like this will not happen again. talk a little bit about impending regulation and how all of that could impact facebook over the much longer-term. david: every government in the world is considering whether, or how they should regulate facebook. since they operate in somewhere around 190 countries, that is a huge overhead of management for them that they will have to deal with. i also think there is a bigger trend, which debra might have thoughts on. i think it is possible that consumer attitudes about targeting to them could be changing, at least in the developed countries. i don't think that there are a lot of signs in the country's growth that it is the greatest in the developing world. if that were to happen, it think there are so hard to predict that it is lucky for facebook in

a sense that they are so phenomenally profitable. they are a company in a position that no other has ever been. profitability like no other company has been. they have slightly under $12 billion in revenue, that is a phenomenal profitability. they have so many things about them that could not be said about any country before. their scale, their global footprint. their impact on politics, their impact on the public square in every country. their impact on media. this is a very unprecedented position for a commercial company to be in and the world is finally realizing it, which means a lot of weird things could happen going forward and regulation is one of them.

emily: zuckerberg's saying that we have a responsibility to move forward and wrinkles in new ways. he is reemphasizing the new focus on meaningful interactions, not just interaction. do you think that change in focus will impact engagement? as they make this shift back towards focusing on personal updates rather than news updates, and have to make some potentially tough compromises? debra: i think the focus on a gauge meant is a really strong when for facebook right now. i really believe that consumers have some concern about ad targeting and how their information is being used. about how facebook is targeting them and if the sharing data with other people -- those are questions consumers have. that could impact their likelihood to use facebook. they might change our privacy settings. -- their privacy settings. they might desire to share less information. they might think twice about the things they do on facebook. these are all things that could happen, we have not seen it yet. we saw surveys in the course of q1 that said, hey, consumers we

are more serious and we are thinking about our privacy. the proof is going to be if people actually do make any changes. in situations in the past we have not seen a lot of people leaving facebook due to other concerns that the company has faced. emily: another stock we are watching, block shares surge the most in over three years. investors interested in tapping into artificial intelligence should go long on the stock. speaking up a conference in new york, they said fox is -- box is incredibly cheap and undervalued.

this is box's biggest increase since january, 2015. we speak to twitter ceo and he opens up about everything from regulation to the president's twitter habits. if you like bloomberg news, listen on the bloomberg radio app, bloomberg.com and in the u.s. on sirius xm. this is bloomberg. ♪

♪ emily: qualcomm reported its second-quarter with $5.23 billion, beating analyst estimates. it indicates china smartphone market is improving. ebay ranked in 2.5 $8 billion in net revenue and shares of $.53. ebay's paypal the estimates hitting $3.7 billion. and eps of $.67. estimates.g over estimates for

first-quarter sales as it is pushing live video and more personalized content start to pay off. revenue jumped 21 percent to nearly 655 million dollars and active users fluted 600 36 million. we caught up with twitter's chief financial officer about the results. >> we had a great quarter. we will thrilled with the outcome. double digits for the six quarter in a row. we accelerated our revenue growth. it grew 27% and we were thrilled with the outcome of the quarter. it gives us the opportunity to go back to the areas where we have been interesting, which is the health of the platform, audience and engagement growth, revenue products that the advertisers use and sales. we will invest in all of that over the course of the year. the 15% this year as well and we are focused on those priorities.

>> shares are down, why do you think that is? >> we are trying to build a twitter that everybody enjoys. we are trying to put up good result and we know the market will reflect it. emily: why are the expectations more muted? >> we have a margin guidance for the second quarter and we want people to think about the full year and reminding them that the concept hard or in the second half of the year because we start to lap the business recovery that began in that third quarter last year. we will talk about the second half of the year will me get there. we had advertiser sentiment omentum, the pace and feeling on

the floor at twitter feels so much better than when i started eight months ago. we feel good about things. emily: everybody is wondering about the concerns about data privacy and regulation and how it will impact you with tighter privacy restrictions and how it will impact twitters model? ned: it is different than how it will stash affect us -- affect us in a revenue perspective. one of the great things about our business is it tends to be brand focused. brand advertising may be less impacting been other types of advertising. ruled out our new privacy policy around the world yesterday and we view privacy as a right that we all have. it is important for us to communicate clearly with our users about how their data will be used on twitter. everything that happens on twitter is public. that is one of the great things about the platform. the api's that we give people access to are just helping people organize the data. there is not anything in there that you cannot do yourself.

emily: are advertisers leaving facebook and spending more time on twitter? ned: what i could tell you is it feels like it is tied to the hard work we are putting into the platform and our relationship with advertisers. emily: mark zuckerberg has expressed support for more regulations. is that something twitter is for? ned: a lot of things that people are talking about is about making sure people know how their data is used. making sure that we are hearing people. that is what we believe in that twitter. emily: will twitter testify again if invited to congress? ned: we are always open a conversation second for that the dialogue and help us figure out the best way to help users understand how their data is used.

emily: twitter's international growth was strong but it was weaker domestically. how long will that balance continue? ned: the thing about how our business started in the united states and grew from there, we have a larger piece of business in the u.s. that we do internationally. there are more net new opportunities, such as the china export market or some of the spike that we saw in brazil. international at 53%. the u.s., when you back out of business that we shut down, it grew 9%. we feel really good about the momentum in the united states. it is growing off of a larger basin has turned slower than the rest of the business has. emily: do you have a game plan if president trump stops tweeting? ned: we think about our platform as so much more than any one user. there is so much great stuff happening on the platform. a place for people to find out what is happening in the world and pure part of the conversation. we are thrilled it is a place where people go to break news whether it is politics or sports. i know -- i noticed the san franciscan just came on twitter after the giants game. we see new people on twitter for the first time and we are thrilled it is the place so much is happening. emily: is there a way to quantify how much traffic trump is driving, whether people following him what a conversation around it? ned: so much has happened on the platform, it is hard to unpack any one event or user. we have made so many improvements to the product. we have done so much to make the

experience better, whether it is a route on porting or a timeline experience, or the notifications that people get, or more is topics driven approach. alwayswe as journalists hear so much about twitter. digest that? ned: everybody in the world are to be able to benefit from what's happening on twitter. we have 336 million monthly active users. we have a lot of work to do. emily: so no plan to change being an independent company? ned: we are a public company. when we are thinking about what

gets us excited to be at work every day, we think about the get twitter in hands.dy's emily: on the call, jack said "we are not a social network." what does that mean? ned: we are in interest network. people make your about certain people and what they are saying about important topics, but people go because they want to find out what is happening, or what happened in the stock market. they want to know what is happening around the particular thing that is important to them. although it is social in nature, it is not about the you are connected, it is about the topics and even to care about. emily: that was some of my conversation with twitter cfo. still ahead, we stay on the air and breakdown amazon. has the president's attack had any impact on the e-commerce giant? this is bloomberg. ♪

♪ emily: amazon wants in on your car. they can now unlock and deliver packages to your car if you own a chevrolet, buick or cadillac. it must be a 2015 model year or newer and have an active service plan. the new services now available to all prime minister's -- prime members through amazon key at. if the u.s. postal service ranges for its amazon -- raises, amazon profits could be cut by $1.3 billion. president trump claims that the post office loses money in its contract with amazon. the post office says it makes money on the amazon deal and is legally prohibited from charging shippers less than its delivery cost.

speaking of amazon, the tech giant released first-quarter results thursday. we worked on in numbers with bloomberg tech brad stone. >> first of all, i have the same feeling that i did on tuesday with facebook, which is, what was all the noise about? the environment around amazon captured by president trump's tweet, the post office and none of that matters today. it is a beat on all dimensions. amazon is growing quickly. they added 60% increase in hiring year over year 6 billion net profit, unheard of at amazon. one, the very profitable parts of the business and the other category, which is advertising are increasing. that north american retail business is going up. also, probably because of the one hundred million prime members which jeff bezos emphasized.

emily: so the tweets from president trump didn't have much of an impact, but shipping costs did rise 38%. lots of noise about the u.s. postal service and whether they might raise prices as a result of some of the things that president trump has been dumping on. when you take a look at these numbers, do you see any red flags, any weakness? >> it is kind of the opposite right now. as brad was saying, you are seeing this massive, multiplied scale that the company is experiencing. you will see shipping cost rise because that is related to the top line and the amount of business they are doing on the consumer and parts of the commercial side where they do business. to me, in the quote in the press release where he talks about the significantly that they had, and had very little competition, what they are doing is adding services to aws. that translate into, not only revenue, but significant profits. it is a subscription business on a subscription business.

we are seeing that multiplied scale on a huge increase. almost 50% increase. emily: microsoft is also sells strong. aws is far in the lead. are companies like microsoft and google a threat, or is the pie increasing? >> that high is increasing. aws was accelerating in the 44% last quarter. it is just that this is a win that is propelling all these companies forward. the companies that are suffering other ones that were not as early in the clouds. emily: what about younger businesses like grocery delivery and whole foods like alexa and amazon echo. these are small businesses now, but hope it could they become? crawford: we are going to see very significant growth in alexa because -- and again, that will be had, double digit growth for a long time.

they are trying to build the platform for the foreseeable future. they have a significantly to overcome a guess what, google. a very significant lead over microsoft and apple in that platform. what they want to do is start connecting be services together. you will see a huge push towards combining the power of aws to alexa, platform to platform to be able to connect and intelligently control more devices in no life. whole foods is a fascinating acquisition. we are seeing the acquisition now in terms of a year later. a think we have just begun to see them unlock some of the power there in terms of how you can combine the aws platform to the alexa platform, to the whole

foods experience. that party is just getting started. emily: let's talk about advertising. the other revenue doubled to more than $2 billion. that is in part because of amazon's advertising business. they are thinking that it could surpass facebook and rival google. what do think about that? crawford: you don't want to get too far ahead on your expectations. i think people are probably really, really excited because they really have not known what to make about this business and how fast to model it going forward. clearly, the statement today is that this business is a real business and it is accelerating and it can accelerate based on the platforms that amazon is building. emily: on the sidelines of this earnings call they have announced that the nfl is renewing its agreement with amazon prime video. brad: this is a part of the business that does not bring in

revenue. they say there is a connection retention.d there are clearly concerned about netflix, which is on its own runaway growth streak. they are investing heavily in new shows. it is multimillion to do that lord of the rings series. there and their more high-profile shows. emily: this is a part of amazon that has been in turmoil. >> i would argue that they have not figured it out yet, certainly not in the way netflix has. it is remarkable that this is a company that shows 1.6 billion that income even though they are spending like a drunk sailor in hollywood. emily: thanks to bloomberg technology's brad stone and crawford of idc. another tech out. else of that reporting how much google is investing in the cloud and home devices and hoping to catch up with amazon and apple. all episodes of "bloomberg technology" are livestreaming on twitter. 2:00 p.m. in san francisco. this is bloomberg. ♪

♪ emily: welcome back to the best of bloomberg technology. i'm emily chang. google's parent company reported sales of $29.4 billion, topping estimates by $65 million. it beat highest estimates. paid clicks jumping 55%. capital expenditures tripled from $2.4 billion to $7.7 billion. the results also came with a message to wall street. they are expecting a new spending binge. we talked to rob o'donnell and colin hoberman on monday for more. >> i think the real big takeaway here is that google looks pretty

professional compared to some of its competitors, namely facebook. i think that's been pretty apparent and the way google has not really said anything recently since the cambridge analytica scandal and facebook. they sat back and said, this is all good news for us because we are the ones that look like the big guys, the more professional tech company in this instance. emily: i did just get off the phone call with alphabet cfo and we asked her about future privacy regulations, how this could impact the business. what she had to say about gdp are, the new regulations in europe. she said they been working on it for 18 months and had a strong

privacy program and we are building on it. we feel well-prepared to meet these requirements. i asked how it would impact the business and she didn't give a straight answer. she said most of our at his this is search which relies on keywords. we have been committed to requirements. my interpretation of that is that she's indicating it will not impact business very much. what is your take? >> i think it will impact business but to be fair, search ads are different than the kinds of ads drawn by facebook. there is a difference. i will give them that much. clearly, we will see impact here. emily: how much? >> that's the big question mark is how much. and they are more adult like, but let's be honest, there was an interesting story in the wall street journal that google has more data on all of us than facebook.

so they have been conveniently ignoring these issues, but as if we start to see privacy regulations come out, we can see google even more impacted by those regulations. their business model is more balanced, so they may face more sanctions and not have as big a financial hit as facebook might. emily: i asked her about the new legislation facebook and twitter said they would support around transparency. google has been notably silent and some lawmakers have noticed this and called on google to state their position. i asked why aren't you publicly supporting this yet and she says we are continuing to monitor new threats and put in safeguards. but what do you make of the fact that google hasn't stated their position on the honest ads act and that lawmakers are asking? >> google has been quiet and it goes back to what bob was saying. the majority of ad revenue is from search, which is different than the ads that have been and

headlines. g is more oftisin a display advertising ad format that targets people based on what they know explicitly about different customers. search advertising is revolving around keywords and terms people are putting into google. yes, google does make the search results different and will target advertising based on stuff they know about logged in consumers, but it is quite different. i think that's part of the reason google has been hesitant to say anything. they goes back to, they are waiting to see what comes of facebook and twitter. for more of the social advertising scandal perspective. emily: we are listening to the alphabet earnings call right now. the q&a portion is starting. also on that call, what do you make on sort of the broader trends you are seeing here? she spoke to me about the big that's, which are cloud, youtube, and hardware. that's where they are investing and where they believe it will

pay off. >> i think they are right. there are a number of areas we can expect to see alphabet grow their business. even waymo, it's not generating revenue now that the way they are positioning waymo is interesting and could be very effective as people like tesla run into certain issues. emily: speaking of that, we just got a quote on that and we are going to play that and i want you to follow up. take a listen about what she said about waymo. >> at waymo, we have achieved 5 million miles of driving on city streets, adding the latest million in just three months. we announced a long-term partnership with jaguar, land rover for their fully electric high pace vehicles. emily: now waymo is really comprising a bigger portion of the bets because they moved nets under the google umbrella or it

now you have waymo and that's where they all are at the moment. and it's a big one. >> i think it is. verily is the revenue they are getting from fiber, but longer-term loamy think about actual bets, waymo is the most important that. philosophically, they are not trying to do the semi autonomous driving. they are saying we know people get distracted and we know the situation that occur are going to occur and we are going to wait until the technology can do that complete picture. that's an interesting philosophical difference. that will be a good bet for them in the long run.

on the compute side, they will be able to drive ai services like ibm duds with watson. google branded services is yet another cloud service add-on that she referred to a little bit in the comments on the call earlier. emily: ruth told me that verily driving are only $150 million at this point but the operating is $571 million, which may bring google and waymo investments into account. there has always been so much focus on these others that's, but i wonder if that will be less and less now that the pie is essentially getting smaller. >> i think google does do with a lot less on some of these bets, merely because it's so small compared to its main revenue driver, the advertising revenue is pretty high margin for them. they are the dominator there and it will be interesting to see. this quarter didn't reflect too

much of the campus analytical scandal with facebook since there was only two weeks we were able to look at. it will be interesting to see next quarter. are they growing the revenue high larger as advertisers think, should they be placing bets in facebook or go someplace that looks better and more trustworthy than google? that will be interesting to look at in the coming quarters. emily: google is in the lead, then facebook. >> they are small. estimates are $2 billion last year. amazon captured. but we spoke with a number of cpg marketers listing their products on amazon and are increasing their spend on amazon as much as 60% year over year. they are also offering amazon advertising platform, which is their demand-side that form, their ability to provide display advertising on amazon and sites off amazon advertisers can use.

basically a competitor to google double-click. as people look at that as a way to say, we can use amazon's behavioral and purchase data they have on consumers to target them in other places outside amazon, you start to see people like bmw or bank of america, who can't lift products, start using -- who can't even list products, obviously, on amazon today, use amazon as an advertising platform. emily: this week, spas fight introduced a free version that targets 1.5 billion youtube users. it rolls out ahead of youtube's new subscription music product. spotify operates the biggest music downloader in the world. coming up, tim cook meets one-on-one with donald trump after a state dinner. we tell you what we discussed

behind closed doors. we speak to the man behind wheel, the chinese market of driverless car's in 2030. this is bloomberg. ♪

♪ emily: more headlines from amazon this week. the company is working on another big that, robots for the home. familiar to people matter, amazon has embarked on a top-secret plan to build domestic robot. they hope to be putting the robot in homes by the end of the year. a rollout for consumers in 2019 could follow. the e-commerce giant is promising to entertain ford children. it's releasing a new focus skills for alexa digital assistant. plus there will be an echo.

an echo design for children. a magic word feature will make its say please when asking alexa questions. apple ceo tim cook made his way to the oval office to meet with president trump hunted a trade war between beijing. trump has been vocal that he will get apple to build their computers in this country instead of other countries. before the meeting, he tweeted, looking forward to my meeting with tim cook from apple. we will talk about many things, including how u.s. has been treated unfairly for many years. editorrg's white house brought us all the details. >> we know the topics were discussed. it was about trade and of course, for apple it's important to have open trade especially with asia and president trump wants more limited fair trade. but the white house and apple haven't told us much about what was said. we know that cook met with the president in the oval office and we know he also met with the president's chief economic advisor, larry kudlow, and he also had a meeting and the office of the u.s. trade representative.

clearly very focused on trade. emily: obviously the president decided to pursuit tariffs on chinese goods, which could disproportionately hurt apple given how many of its products are manufactured in china. do you think there is any chance tim cook could influence the president in the opposite direction? >> i think there's a real chance it has some influence on the president, maybe not enough to persuade him on other things, but he does listen to and admire successful ceo's, maybe more so than academics or other politicians. so he does value those people's opinions and he had a conversation with cook before and in fact, after the tax break, which cook praised and which apple benefited enormously from, apple talked about building more facilities in the u.s. and having a headquarters here in a new location in the

united states. trump was very happy with that and sort of repeated that and praised that. there is a rapport there, at least a working relationship, and the category person is someone trump admires. maybe not enough to stop him, though. emily: bloomberg's mike dorning there. chinese startup horizon is looking to dominate the market for driverless cars like 2030. they are about to close a new round of financing that will raise $700 million. the founder and ceo told bloomberg the money will be up its research capability. take a listen.

>> we expect to raise several hundred million u.s. dollars. we are going to have some new strategy masters. last year, we had intel as our strategy master. this year, we are going to have another major player, semiconductor global player. which is not intel. to be part of our team. we are going to have some major leading oem's, mobile and local, as our masters. so that's very exciting. >> how do you compete with the likes of nvidia or mobileye? what gives you the edge? >> we targeted a new space, which is artificial intelligence for autonomous driving cars.

that means we need to develop the technology, facilitating the competition, very efficient, low power consumption all the way to decision-making, like trajectory planning. this is a totally open new space. in this new space, everyone has opportunity. we have a global level of competence for technology and we have really challenging traffic situation. we have massive markets. all of three sectors together, we have full confidence to deliver on the cutting edge of technology. >> facebook, alibaba, they are also making moves into the chips sector. how much of an impact is that likely to have?

>> that's extremely positive. that means people really push forward artificial intelligence. they need to think about to redefine and innovate the ai processors. i think that's great. i think alibaba and facebook, their primary focus is for the consumer to handle business. like small speakers to the customers. >> this is not a direct threat to you? >> no, we are doing something like a moonshot, right? and they are not doing the same thing, that level. so we are not competing. >> whether or not the u.s. decision to erect barriers to its tech assets makes your business proposition more compelling. >> i would say in reality, yes, because trump administration's decisions probably will urge the china government to spend more money on the type of core technology in business. >> do you see yourself as being a key part of china's made in china 2025 strategy? >> i think one part of us is to be the leader by 2025. 30 million cars in china equipped with our processors. we are going to be the number

one player in that space. just think about, by 2025, i think of most of the cars, 70% of the cars, will be equipped with these ai processors. and our robotics is going to be the only player in china, right? i don't see any reason we cannot achieve the goal to be the market leader. emily: yu kai speaking exclusively to tom mackenzie in beijing. itsng up, uber is out with diversity report.

we talk about it next. in case you missed hbo's silicon valley, bloomberg technology made a little cameo. here's a clip from episode five. >> welcome. today's a big day for you. one day before hula announces their box three, you are coming out with a competing product. tell me what your new internet is and why they should be afraid of it? >> manure? >> spoken like a true coo. don't miss the rest of silicon valley on hbo this season. this is bloomberg. ♪

♪ emily: didi chuxing has replaced the ceo with one of its own executives according to a report in recode. tony qiu will take it on the startup. he was the general manager and ran the luxury business. didi also bought the taxes in

-- 99 taxis in january getting a foothold in latin america and broadened its global war with uber. uber has increased the number of women working in tech roles i -- by 2.5 percentage points in the last year. but they still lack in silicon valley. the reported diversity get after an account of sexual harassment written by former software engineer susan fowler rocked the industry and the company, in its second annual report, stood at 18% of the employees are women. we are joined with more. >> i think 2.5% is not a lot, but -- started in september. he has been ceo for seven months. it will probably take some time to really turn things around. interestingly, a lot of progress was made outside the u.s. and canada. actuallyand canada

backslid a bit. about 8%mericans are whereloyees in the u.s. they really track it. clearly there is more work to be done and i think the growth was similarly small in terms of improvement. emily: what are you hearing from inside the company about the cultural transformation? >> i think people are more optimistic generally and think the company is taking steps. we haven't seen a close look at their diversity work since he took over. he hired the chief of diversity inclusion, the reports into say it's working, though we will still have to see how it pans out.

emily: what do we know about market shares? we spoke with the president of lyft and they have been getting significant market share on uber in certain markets. i wonder if the needle is turning back little bit. >> i don't think we've seen that yet. i think uber will be shouting from the rooftops if there was a real sort of shift backwards. lyft's been talking about 40-50% in some markets. obviously uber remains the dominant player in the united states and is a global player where lyft is focused in the u.s. and i think toronto. but, lyft has gained ground and is holding on to it. emily: speaking of ride-hailing on the other side of the pond, the chinese service didi talks about what could happen this year. the wall street journal says it could be valued at $80 billion, more than uber. according to the journal, they

are considering other ways of raising capital, including selling convertible bonds. what do we know? >> a lot of these valuations, as we learned, are on paper until something real happens and it's been a situation where companies, especially didi from softbank, have raised a lot of money on the markets. uber says if they want to go public towards the end of next year, and we reported that they are sort of looking at, as their chief financial officer, which would be a key piece as going public. all these companies have gotten so big they are certainly talking about ipo's, so it's credible. value is andactual year,r didi goes this we'll see. been: they have

targetingout uber 2019o somewhere in the range. does it matter if didi gets to market first? >> there's always a positioning story. i think it will be relevant. uber owns a significant stake in didi and also the markets value ridesharing, that's good news for uber. they are largely competing in different markets. if anything, the question is, who is the better marketer, uber or didi? but one doing well is probably good for the other. emily: and that does it for this edition of the best of bloomberg technology. be sure to tune in this coming week for a busy week. we will be live from the 21st global conference to kick off the week with a fantastic guest lineup. we will hear from mark zuckerberg tuesday and bring you coverage of apple earnings and tesla on tuesday and wednesday. tune in every day and remember, all episodes of bloomberg technology are now live streaming on twitter. that's all for now. this is bloomberg. ♪

taylor: welcome to "bloomberg businessweek," i'm taylor riggs. we are inside the magazine headquarters in new york. still ahead in this week's issue, we look at china's new gateway into europe, a billionaire working overtime to impeach donald trump, and youtube having its worst year ever. all of this straight ahead on "bloomberg businessweek." ♪ taylor: we are here with the