♪ emily: this is "bloomberg technology." in the next hour, president trump is firing back after a $5 billion fine was slapped on google. how this could escalate trade conflicts between the u.s. and the eu. super app ambitions. how the southeast giant ride-hailing giant took on tencent. zuckerberg backtracks. the facebook ceos comments on holocaust deniers has people once again debating free speech

on the social network. to our top story, president trump is weighing in on the record antitrust the eu slept on google. the president took to twitter saying "i told you so." the european union just slapped a $5 billion fine on one of our great companies. google. they truly have taken advantage of the u.s. but not for long. google ceo responded to wednesday's financial blog posts saying, this decision rejects the business model that supports android that has graded more choice for everyone. we intend to appeal. joining us from london, bloomberg's caroline hyde and mark bergen who covers all things google and alphabet. mark, what do you think of these remarks? is this about america first or europe last? mark: they were some sense that there were calls to have the doj and ftc by similar cases. this seems to be a little less calculated than that. this is largely around his opinions of europe and tariffs.

and escalating that tension. it is interesting that oracle and news corp., who have been the largest complaint and's -- complaint and against google and the european union, have strong ties to the white house. either they are not being effective in their anti-google lobbying or something else is in play. emily: according to politico, caroline, trump has claimed that the eu competition commissioner hates the united states and, in a g7 meeting with european commission, the president said that she really hates the u.s.. in the press conference you attended, caroline, she responded to what the president said. take a listen. >> i have done my own fact checking. on the first part of that sentence. i do work with tax and i am -- facts and i am a woman so this

is 100% correct. this is not correct for the latter part of the sentence. because i very much like the u.s. emily: caroline, was the eu prepared for this kind of backlash from the united states and perhaps directly from the president? caroline: i think she was. she refrain herself from saying -- refrained herself from saying fake news but this is generally a woman who has plenty of criticism that she targets the u.s. successful tech companies. should -- some claim she does this to put europe on a fairer footing or push back the dominance of tech companies. and i asked her directly, are you expecting criticism from donald trump, she dodged that question trying to focus on similarities and the fact that they have shared views in terms of the customer comes first. what she is saying is that no, she does not in any way have an

issue with dominance of google in the eu as long as they play by the rules. that is the key takeaway. she felt they have had illegal behavior and that is why they face limbs -- face this $5 million fine. are not herse personal feelings as to why she has gone off on google. she is saying this is because they broke the rules. i think she obviously anticipated political tension that this would antagonize donald trump. emily: mark, reaction from google yet? mark: not anything publicly. emily: that's good news for them. mark: it is weird news. for the past two years, they have been hesitant. i have talked to people internally to position around the president's immigration policy. google was opposed and hand people and hand people in the company, they were cautious to come out as the sole company

against because they did not want to get a tweet from the president. now they get their first tweet, google is positioning themselves as a very global ambassador. they clearly do not want this image of being behind u.s. protectionism, and being that sort of policy stance that they want. emily: caroline, google intends to appeal as it stands. who are the winners and losers in this moment as a result of this decision if it stands? caroline: if it stands and they have to change their business model, and indeed they have 90 days to do that, if they have to take google search off automatically from your samsung phone, maybe samsung starts to win because they are developing their own ai and want to bring their own search tools. maybe they start to win or maybe -- bing seesbeing more pickup.

this is already been deployed by russia. russia ruled that google had been breaking antitrust laws by inserting google search and google chrome within android smartphones, and since then, since they have been forced to offer on android platforms, you are starting to see a pickup and -- in other rival searches. you have seen yandex go from up to 42%down to -- in terms of market share. this does shift the dial. we could see more movement to different search engines and therefore, slightly less advertising dollars going google's way. it will be interesting to see how much of an effect it will have. many feel it is too little too late. when you have more than 90% search dominance, there is not much that can shift the dial. emily: mark, is there anything backing the claims? that the u.s. is being taken advantage of? google said that in the past. that there are no strong tech

players in the eu, and rather than competing on a level playing field, they are taking this measure as a retaliatory measure. i think certainly google can now point to the president's tweet and public positions and say that, to republicans that have come out and attacked them, the president is on our side in this position. emily: who do you think wins? is it samsung, handset makers? mark: one of the interesting criticisms of the eu is a are five years behind on this policy. google has won the market. it is hard to see rivals come the not because necessarily policies from android, but because google is so far ahead in its position with very popular consumer apps and services. emily: mark bergen and caroline hyde, thank you both. we will continue to follow and follow the tweets. the story we continue to watch, comcast has surrendered to disney.

it will no longer compete to buy a chunk of 21st century fox entertainment. sky.hey will try to gain it is unclear if disney would be willing to sell the stake to comcast. coming up, grabbing a ride, how a startup dethroned uber has its sights set on asian countries. if you like bloomberg news, check us out on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪

♪ emily: when it comes to ridesharing in the united states, the first things that come to mind are uber and lyft. but in southeast asia, it is a different story. that market is expected to grow to more than $20 billion by 2025. one of the top names in the market is grab. since its inception in 2012, they first beat out and bought out uber's operations in the area as it operates in 225 cities across eight countries. grab is now setting at sites on -- its sights on creating a we chat like super app. encompassing everything from map and payments to other services. did you have any idea that you would be here in six years? >> no. every year is a new journey.

and we first started the company, the initial ambition was to sell space in malaysia. since then, we have grown. 225 cities, eight countries, what is the outlook for future growth? how much bigger can the market before you? hooi: we launched grab platform which is our strategy to go into much more. it sells food, logistics, payments, and we want to become southeast asia's everyday super app. emily: talk to me about the vision here. grocery delivery is one of the newest ads? hooi: yes. last week, we launched a partnership with happy fresh. it brings groceries to users across eight countries. we think this is tremendous because groceries are the highest average household spend t for all southeast asian

families. emily: do you think you can do all of these things well? hooi: this is why we are very focused on the partnership first approach. and that is a critical pillar and how we are launching grab. we want to bring together the best partners on board to leverage the assets we already have. today we have more than $100 -- to date, we have more than $100 million. we serve more than 7 million drivers and agents. we have the largest distribution network in southeast asia. the technology platform that has been built as well for just southeast asia. emily: what areas are you considering to expand to? hooi: we are focusing on every day, not everything. things like groceries. we've also launched a cyclist platform with scooter platforms. i think you should not expect from us is things like massages or the ability to confine art. emily: how do you guys make money in the partnership structure?

hooi: i think it is different depending on what kind of business and what kind of services we are getting. our partners can partner on three type of methodologies. happy fresh is not fully integrated into our services. the users will see happy fresh through the app. they will be using our services all payments. a la payments. they will also touch where we touch -- where we partner with e-commerce platforms where we can see grab a pay and grab deliveries as part of the checkout. there are these different kinds of transactions, and there is a third one engaged in our platform with grab rewards which is the largest platform for rewards in southeast asia. also a new content feed where we launched something last week. emily: as you guys are expanding, singapore's antitrust agency accused grab of having monopolistic power in its home market. you said you disagree and plan to appeal.

but how? hooi: for context, that singapore government launched a preliminary announcement on some of the investigation into the acquisitions. firstly, we disagree with it and of course, there is a form of appeals process which where we -- which we are in the process of doing where we are writing officially to them and having ongoing conversations. think about why this is happening, of course, this was one of the largest transactions of southeast asia. we are not surprised the regulatory bodies are doing their jobs. because they want to same things we do. which is for the best customer experience for the businesses of singapore in a way that is pro-innovation and pro-business. emily: do you think you will moderate your strategy is a -- as a result of these inquiries right now? it is interesting to have the antitrust agencies, but you also say you want to be a super app. hooi: think about what we have

been doing over the last six years. over our history, we have been doing it consistently where we create markets and build new businesses via technology that changes the status quo. because of that, every time we do anything that adds value, it is growing, changing, building in a way, disruption in a positive way. all of our conversations with regulators to date have been focused on what we call a startup like path. we work together to figure out how to deliver this outcome. it always also takes a bit of time to figure out how we do it together. emily: last year, grab made a huge coop getting uber's shares. swap itsg uber to businesses for a 25.5% stake. a merger between two former fierce rivals can be difficult. how is the integration going? hooi: it has been a fantastic experience so far. of course, it has not been 100%

smooth. dara who sits on our board and -- board now, now he has been a great board member. operationally, the integration is doing well as well. all drivers are using our platform and it has been pretty smooth relative to the size of the deal. emily: i never quite understood how the communication between you and dara work because grab and uber are still competitors and other territories. hooi: grab is very focused on southeast asia. uber no longer operates in southeast asia. emily: do you have no plan to expand beyond the southeast asia? hooi: it's important to understand southeast asia is a huge market. population wise, it is the third largest in the world. it is larger than north america and the eu. we are moving into a platform play to become a super app or -- four southeast asia. emily: what are some of the

issues you and dara are working through? hooi: what we have been doing together is much like him being a board member, like other major shareholders. he has been great at it. he has been able to bring the lens of being an operator, a business partner, and sitting on both sides, he gets to share what has worked in uber and what has not while he learns from my experiences as well. emily: you mentioned grab is starting to address the fact that a grab driver was stripped and robbed. what are you doing to better protect drivers? hooi: we're doing a lot. in fact, these instances make us sad because we know there is so much more than we can do, not just for passengers, but for drivers as well. some of the recent things we have launched have been like emergency buttons which are collected to -- which are

connected to local police enforcement. we're also looking into passenger safety which was historically not needed. i think it is important to note that as the economy evolves, many different people are taking means that are not great to earn an income. we are doing what we can fulfill -- to make sure we can fulfill the promise of becoming the safest platform in southeast asia. right now, we are five times safer than any alternative transportation. we want to make it zero safety incidents. emily: what is the value proposition to drivers? how does it compare to uber and lyft and dede? hooi: let me share how our platform is different in terms of what kind of services you can get first. in the states, you are used to the uber app which is a car service. in singapore, malaysia and asia, we have taxis or cars, we have motorbike taxis as well. you can jump on a civilian rider

on the small bike to weave through traffic. we also have three willard -- three wheelers. we also have shuttles and integrate with public transportation. that is just on the transport side. imagine yourself as a driver of a motorbike. you can pick up passengers, deliver food, deliver things, and now groceries. there is significantly more income opportunities than we ever have had with purely just contract workers. emily: we've been talking about the scooter market and they run into a lot of regulatory issues in the united states, are you running into the same issues in southeast asia where all these new forms of transportation are popping up but cities and countries are not ready? hooi: the good news is we have already been doing that for the past six years and have had a lot of successful conversations with various regulated bodies. in singapore, we launched with

100% oversight with the government. it enables us to fix pricing for taxis as well. this overrides the taxis in singapore. if you think about what that means, as a five-year startup, when we lost the product, singapore governments said we trust you enough to serve the citizens of singapore in a way that is different than what the original taxi industry has done for decades. emily: we talked about partnerships. are you interested in m&a? are you looking for companies to buy to fulfill the super app mission? hooi: we have had a few m&a and some are like where we talked to millions of agents. we also recently launched grab centric where we are hoping to help startups. we don't want to go through the same challenges we did when we were trying to build a regional company. emily: are there other areas,

and if so, what areas do you see it is better to buy rather than build a partner? hooi: it is a case-by-case basis. what we do is we identify growth areas and try to figure out if they are partners that can deliver with the right commercial terms in an optimal, efficient way. if not, we make a decision on whether we build it or we buy it from someone else to continue building as well. emily: masayoshi son spoke about how it is ridiculous that ride-hailing is not allowed in japan. is that a market pursued if allowed and do you see potential progress there? hooi: going back to the point that southeast asia is a market where we understand the customers, it is a market where we know what needs to be done and we have lots of existing partnerships to leverage. that is the market we are focusing on. it is home. folks always ask about

australia, japan, china. we do not see the need to go there because there is so much more to do in southeast asia. some numbers, it has been close to a digital transformation wave bringing $1 trillion worth of impact to the economy in southeast asia. to date, the gdp in southeast asia is think about how much $2.6 trillion. more we can do together. emily: it has been six years. where will grab be in the next six years? hooi: i wish i could tell you. emily: tencent? hooi: no. i don't think so. we used to be called the uber of southeast asia. i hope we don't get called the tencent of southeast asia. we want to be the grab of southeast asia. what we are focused on is understanding what are the key everyday pinpoints of grab becoming the everyday super app and solving that with this many partners. -- and the best way possible with as many partners as possible. emily: grab cofounder, thank you so much for stopping by. great to have you here.

still ahead, is tech taking our job? a genetic scientist proves it may be creating more opportunities. bloomberg tech is live streaming on twitter, you can check us out @technology. and be sure to check out our news platform on twitter. this is bloomberg. ♪

♪ emily: ibm one back investor trust after announcing wednesday second-quarter earnings that beat consensus estimates. the manufacturer reporting a 2% revenue gain and $20 billion in the second quarter while estimates were $19.9 billion. this marks ibm's third consecutive quarter of growth after five years of revenue decline. investors want to see other improvement in cognitive revenue. investors are worried that ebay is losing momentum. the company gave a lackluster sales forecast for the third

quarter and lowered its forecast for the year. ebay is trying to find its place in the shadow of amazon. like-and-mortar retailers walmart are improving their own online shopping options. more when we return. this is bloomberg. ♪ two, down and back up.

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♪ emily: this is "bloomberg techonology," i am emily chang in san francisco. there is a hot new business that more and more insurance firms are looking to get into and that is crypto insurance. there aren't too many details on how this works. on its face, providing coverage cryptoit up -- startups might be absurd. it is an industry worth a well-deserved reputation for being like the wild wild west, an unregulated digital frontier. but, as cryptocurrency and blockchain technology slowly gain appeal and acceptance, some insurers are betting that they can avoid the pitfalls. we are joined by chief commercial officer sonny tseng. there was a lot of money to be

made in the goldrush but there were high -- heists and robberies. how does crypto insurance actually work? we take insurance very seriously. we have had our shares of up and down's. we think it is a necessary evil. you have to have insurance, as -- and our last round, we raised it, we went from echo line partners. it is a large private equity firm and -- firm that is focused on insurance, run by jeff greenberg number from a ceo of marshall mcclellan. we are working closely with them to find the right insurance strategy. most insurance companies are try to learn how this works and they are trying to make the rules as they go along. emily: how about the risks you are taking on? sonny: that is exactly right. they don't know how to classify the security risk. hold funds.n't

they have coinbase, $5 billion, $10 billion. but pay does not have that insurance risk. but we have a lot of money that merchants were holding that was always at risk and you have to take that seriously. emily: what about the fear that some cryptocurrencies might overstate the amount of insurance they have? sonny: that is something that consumers have to worry about, the regulators have to worry about as well. we spent a lot of time with the insurance companies. providing the information to them. we just got approved for a license, which is all about yourtransparency of financials, management team, and that type of stuff. emily: what does the license allow you to do? sonny: it gives you credibility in the state of new york, with regulators, with merchants you are try to work with, consumer money. it gives you that credibility that the insurance and regulars -- regulators have looked and trying to approve what you're saying and doing. emily: do you think insurance

will integrate the industry? will the fact that there are some protections attract more investors? sonny: i don't think it will invigorate the industry, and is already pretty invigorated. we are a three cycle curve here. last year, was kind of the hype cycle where it is -- it was about the media frenzy. this year is about realization. how do we build this product that is here for real bitcoin? it is no longer just a fad. next year, you see a adoption. we are calling -- coming with companies like fidelity, blackrock, all have the right insurance and have to bring that to the market. it creates us -- creates consumer adoption. emily: how is demand for crypto payments now that prices have fallen so much? and it is not recovering either? sonny: yes, and i do not think it will require for a while, not until next year when these morenies are launching

mainstream and people are using it now versus the rumors where the ceo of goldman sachs that people might like crypto or blackrock might do that. we don't want to hear might's anymore. we want to hear reality. when fidelity launches a custodian service or eastern -- or e*trade once robin hood. you will start seeing people use it and you will see the price break 20,000 again. emily: business this a new normal or is there money to be made? tony: there is still money be made. you have to look at more as a three-month horizon. i'm looking for a year out. a year is 3, 4, i think it is possible. emily: where are using the most demand? emily: on the merchants -- sonny: on the merchants we talked to are not worried about price. they are all putting crypto on the roadmap to go live next year. emily: what will the second half

of the year for crypto look like? sonny: i think you will see more companies like the fidelity's of the world, planning and working with regulators to launch and approve solutions. you will start to see that coming out at the end of the year or early next year, all trying to compete with companies like coinbase and bitpay. it will be exciting to see this mass adoption take place. emily: thank you so much as always for stopping by. sonny: thank you, emily. sap is betting big on its cloud business to take on salesforce on -- and oracle. a raised its 2018 outlook after it showed a boost in revenue. the cfo spoke with bloomberg's matt miller. he says that there is still gas in that tank to sustain cloud sales well into 2020. cloud subscription growth, constant currencies, was the biggest growth rate that we have enjoyed in quite a few years. even if you discount the latest acquisition that we have been doing, which has been closing in

the beginning of q2, which makes us a very strong player in the fast-growing market as well. we would've been growing in the mid 30's. so the organic growth machine is definitely accelerating. we see great prospects for the remainder of the year, which is why we have raised our client --ld -- our cloud guy and our cloud guidance with another 50 million in the high-end, after having raised it already in the first quarter. >> the cloud business obviously is all the rage. i like this crm business. you briefly launched a new suite. 24. what kind of growth can you expect in that part of the software universe? are you going to make any acquisitions to grow the business? is it all going to be organic growth? how do you see that going? luka: very good question. ourt of all, we have made

major moves to roundup our c4 proposition with the acquisition of that. we can offer our customers an end to end portfolio. they are perfectly complementing our organically developed see -- serum automation solution. next to that, we have done smaller acquisitions to come up with a really compelling customer profile management solution that was -- that we do toward the end of last year which is really a differentiator. to manageer customers the profiles of their consumers in a data privacy across all the interaction. an acquisitionde in the service manager it isn't establishes as as a credible player. from that perspective, we have the main assets we need. we see absolutely an exponential growth opportunity in crm.

this is the biggest software applications market. far, it as a piece so has been underrepresented in it. we are pick -- breaking this out. be ableet and you will to track our progress on a quarterly basis and the growth rates there are spectacular. you can see that in the first half of the year, this business has been growing in the triple digits, and the commitment stands, you will continue to see the triple digit growth for the next future. emily: that was the cfo of sap. loan snap launched the first world's first smart phone technology in an effort to getting a mortgage faster and easier. the startup, that has investors like nfl quarterback joe montana, raised a lot of money in the funding round. the software. applicants personal and financial information so it does not have to be entered manually

and runs continual compliance checks, to avoid application bottlenecks. customers can get advice on financial decisions. coming up, we look at the future of gene editing, next. and later in the show, the facebook ceo speaks out trying to set the record straight on comments about holocaust deniers on facebook. we will discuss. this is bloomberg. ♪

♪ emily: while concerns continue to rise on the risk of job automation, technology is also creating new jobs. take gene editor dan carlson who solved a need for his work in in -- in a unique group, farmers. the process that is particularly

painful for the animals themselves. he seems to have found a solution. we have a report on this. >> this is brie. he might look like any other cow, but there is one thing about him that sets him apart from his breed. bree has never grown up their -- grown a pair of horns. that was not a fluke of nature. parts of his dna were rewritten by this man. using new tools in gene editing, scientists like him are gaining unprecedented control over the fate of all living things. my name is dan carlson and i may gene editor. buckle up. the field is changing, almost by the day. new innovations. new techniques. , it willing technology

improve our lives in a number of ways. startup herefor a in st. paul, minnesota. >> this is the embryology of -- embryology lab. >> he is tackling a problem that has plagued farmers for generations. most dairy cattle are born with horns which they can use to hurt each other and their human handlers. because of that, worldwide, farmers remove horns from millions of dairy calves each year. it is a painful and distressing problem for the animals. dan wants cows to be born cordless and hopes to remove the rningice of deho altogether. ♪ dan's passion for animals to animals stems from his childhood, growing up on his

farm. it is run by his dad, who has a very fitting name. >> this farm is where my dad started out farming. i never dreamt that dan would be a scientist. gene editing sounds kind of science fiction to me, but i am very proud of the work that he does. cattledarwin, dehorning has always been the worst part of his job. >> when they get their horns cut off, they holler like crazy, so you know that it is not a comfortable thing that is happening to them. >> six years ago, dan started working on developing hornless dairy cattle. >> i was interested in trying to solve some of the problems that my dad encountered. >> using a gene editing tool discovered less than a decade ago, his team took a dairy cow's cell, cut out the genetic segment that makes the horns grow, and inserted them into a gene segment that makes certain

cows horn less. his team created an embryo from the edited cell and inserted it into a surrogate mother, then they waited for nine nerve-racking months. >> you are expecting it to come out without any horns. gene-edited was born in iowa . shortly after, he was transferred here to the university of california at davis. he is incredibly strong. i can see why would be dangerous to have horns on him. >> that's right. they use their head is a defense. it is natural for them to do that. when you have a 1500 pound animal moving their head like that it doesn't take much for them to do significant damage. >> biologists are now pouring into the field of gene editing, coming up with new applications

at dizzying's needs. -- speeds. if it goes according to plan, much of it will change our lives for the better. but will there be unintended consequences and how much tinkering with nature is too much? our answers will shape the future of dan's profession. >> whether this strain of animals takes off, it is really up to the government. and public acceptance. i cannot do a lot about those things, i can only do my job. emily: that was bloomberg's aki ito. coming up, zuckerberg clears the air. facebook's ceo wades into the free-speech debate once again. we will discuss that, next. this is bloomberg. ♪

♪ emily: when tech companies start raising alarm bells, you know that we are facing serious

issues with children's screen time and social media use. by the jury is out on how much screen time is too much. studies have found conflicting information about how social media affects your child's mental health. bloomberg click take explains what is that stake for our children's relationship with technology. ♪ >> are screens at disrupting childhood? in short, yes, but it is complicated. the average age for getting the first smart phone in the u.s. is about 10. half of all american and british kids have social media accounts by age 12. smartphone wielding teens and preteens are glued to their phones, using social media to share sensitive data about themselves, during what can already be a tough time navigating puberty and adolescence. there are worries that this can be addictive and researchers say that it can lead to a bullying -- lead to bullying and

depression. a recent survey reported that 22% of eight euros to 17-year-olds said they had been bullied online. but there is a flipside to this. >> there is evidence to suggest that kids can use smart phones prompter two hours a day, if you spend your time sharing positive information on social media. >> that is giles turner. >> i am the tech editor of bloomberg. anything, if you have a drink with your friends, it is great. if you drink for 12 hours, it is not great. it is a responsibility for the parents. >> parents are not the only ones sounding the alarm bells. a group of pediatric and mental health experts are lobbying facebook to discontinue messenger kids, a version of its messenger app for children ages six to 12. most platforms have age restrictions but the honor system is virtually impossible to enforce. after claims from two of his

major shareholders to address this, apple unveiled a new feature to help people take control of their habits. >> we know this is something that can help families achieve the right balance for them. >> meanwhile, experts still cannot agree as to how serious a threat this is. >> most of the evidence is new on whether social media is a good or bad thing. you have to remember, snapchat only happened in 2011. we know how long it takes academics to come to a conclusion. >> like it or not, social media and the screens are here to stay. putting concerned parents in a difficult bind. letting children to view -- too young run amok or risk as the -- or isolating them from their peers. emily: lots to think about as apparent. media, marksocial zuckerberg clarified remarks that he defended holocaust and i are's. he originally said that " i am jewish, there is a set of people who did not the holocaust happened. i find it offensive, but i

don't believe our platform can take that down because i think there are things a different people get wrong. i don't think they are intentionally getting it wrong." his comments in and a male saying, there is one thing i want to clear up. i personally find holocaust denial deeply offensive and i did not intend to defend the intent of people who deny that. bute issues are challenging i believe the best way to fight offensive bad speech is with good speech. care to discuss is sarah frier -- here to discuss is sarah frier. how did that even happen? >> he was trying to explain what facebook does with people who deny the sandy hook elementary school murders. he was saying that in some cases, it is harassment. like if you go to the victim, one of the parents of one of those children and saying that -- your child was not murdered, that would get taken down. but if you are simply denying it happened, you might not be

intentionally trying to harm anyone, so therefore, facebook would not take it down. he tried to relate it with the most unsympathetic example possible, the holocaust, which you probably should not bring up in an interview on a spontaneous podcast situation. emily: and his apology doesn't necessarily sound like an apology. it is not a reversal. sarah: facebook does have this policy to allow people who deny the holocaust to remain on there for years. they talked about it in 2009. this is a very common issue for social media companies because holocaust denial is one of those things that you have to decide early on. it is illegal in germany. so by saying that you allow it to be legal elsewhere, you are making the distinction that your site will only take content down when it is absolutely necessary. emily: really fascinating, especially going into the midterm elections. facebook continues to deal with these questions of biases. difficult situations. i recently sat down with president trump's 2020 campaign

manager, who ran the 2016 digital campaign. take a listen to what he said about how facebook was influential in their winning. >> i have been very specific that i think facebook is how we won in a lot of ways. i think president trump won, facebook had that .1% that delivered his message. if facebook had not existed, it would have been tougher. emily: but then he goes on to rail against facebook and other social media companies for liberal bias. take a listen. >> it is up to me to be a person party, asr in our someone who is running the campaign, to make sure these companies are held accountable. that they do everything they can to try to kill those internal biases and provide a level playing field. emily: in a way, he is anointed -- anointing himself the arbiter what is notnd biased. he comes from his own political view. how is facebook going to

navigate these issues going into the elections? is anything going to be different? sarah: it will be harder for facebook to navigate these issues if they decide the truth is a matter of opinion. that is what is happening in the political spheres. people are getting angry at facebook for allowing content to be on there that they do not agree with. this company is really trying to deal with these people who say that they have anti-conservative bias. they hired a former senator to advise them on this. they are looking into it, but on the same side, they have made changes to their algorithm that has benefited conservative commentators. maybe even more than mainstream news sites. they have built this site that is a place where ideas on either side get more attention than ideas in the center, or ideas that are simple fact-based. it is a tough situation for them. they can't make it too political.

emily: it is evolving. facebook is navigating its way through all of these thorny issues. sarah frier, thank you so much. a medical lab testing company appears to have been hit by a ransomware attack. labcorp handles millions of blood, urine and other medical test each week. tens of thousands of luck core workstations, servers, and devices have been affected by the attack. the report says that there was not indication of data breached, and they plan to replace the affected devices that. -- the affected devices. that does it for this edition of "bloomberg technology." i'm emily chang. we will see you back here tomorrow. this is bloomberg. ♪

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