emily: i'm emily chang and this is "best of bloomberg technology." next hour,n the apple reports earnings that beat expectations with an up the forecast for the current quarter. we will bring you the highlights. says it will be sustainably profitable and cash flow positive by the end of the year. it sets in -- a higher target for the model three, aiming to make 6000 cars a week by the end of the month.

still, they burned through -- last quarter. an investor is buying facebook as investors flee. he tells us why he is a big lever in mark zuckerberg, head. it looked like the tech sector was in for a massacre. this earnings quarter thanks to a massive showing by facebook. then came apple. the giant surged following 9% and thursday, it happened. $1 trillion. apple became the first u.s. publicly traded company to cross the milestone. how did it get there? mark has the answer. -- carol massar after mark: after months of waiting, apple has become the first u.s. publicly traded company to hit a $1 trillion valuation leaving the likes of amazon, alphabet, and microsoft in its wake, but not far behind.

significantstone is and a testament to rapid growth spurred by products like the ipad, as well as ceo tim cook's leadership after taking over from visionary cofounder steve jobs in 2011. >> we are calling the iphone. let's not forget that what is now the world's most valued company was on the brink of anchor at c as recently as the late 1990's. that was until cofounder steve jobs referred -- returned to the fold. it was one success after the other carried in the seven years and jobs' death, tim cook has launched key new devices like the apple watch, iphone x. he has also pushed the company deeper into new services like apple music, which is now a key revenue. the team is in stopping there. they are keeping apple on the technological edge, self driving

cars, augmented reality. cook told bloomberg in an interview "i don't really think about it. that is the truth. i still view apple as a pretty small company the way we operate. it is not numerically, but the carried totion is grow beyond $1 trillion, apple has to keep turning out cutting-edge smartphones while finding its next big hit and growing the digital services business. a larger version of the iphone x and a cheaper model with many of the 10's features are on the way. ar could revolutionize personal commuting again -- computing again while a great online video pushed is coming soon to an apple screen near you. more, here to tell us mark gurman and caroline hyde. you haven minnesota,

covered this company for years. what does this mean? apple hass that become the fabric of our lives. it is testimony that this is something we don't even think about how much we rely on apple's devices and that means that is one piece -- it also means the company is so big right now it has an unfair advantage over a lot of other companies given the market cap, the stock it has. if they ever wanted to acquire companies, they have leverage. and last, it is a wonderful reminder to people to stick to one or two things exceptionally well. in apple's case, it has been one thing. tim cook got a lot of heat over the years for not going on in the phone, coming out with a cheaper phone and mass-market, and he got distracted or m&a, but for not doing

he stuck to what he believed in and that was a third piece i take away from this milestone. emily: i have a chart showing apple at the top, but trailed by amazon, alphabet, microsoft in a pack rising behind apple. mark, you make the point in your story that tim cook has had a lot of successes come even though he has caught a lot of flack for not being steve jobs. mark: this is no accident. when he took over back in the fall of 2011, there was so much talk of, is he going to steer the company to new heights? will he do more than stabilize it? at the same time, there was talk of, will it become a company that became under john scully and other past ceos who succeeded steve jobs? the answer was a no.

the numbers are still representative of this course -- marker.al smaller products, the apple watch, etc. first apple isn't the company to hit the trillion dollar mark. petrochina, which quickly fell. the highestving market cap isn't necessarily the recipe for success. absolutely not. microsoft in 1999, hit a half $1 it hadn mark and while four successive years of downward trajectory, it languished at the number 300 in terms of market capitalization. it doesn't spell a winning streak. you mentioned petrochina. because oil prices fell, it fell off its perch. taken intong to be

account with apple is not only is it ahead of the pack when it ofes to the other in excess half $1 trillion companies, it is about $100 billion worth more than amazon and the like, but prettyce-to-earnings is reasonable. it is the lowest of those companies. it trades at about 18 times future earnings. trades ato amazon, it more than 100 times future earnings. this is a company that is always -- already raking in a quarter trillion dollars in terms of and no month year -- wonder its valuation is so high. emily: what are the risks for apple? are there any risks apple hits this mark and then falls back down given the challenges ahead? even though it is relatively cheap compared to its tech peers? risk there is no immediate and that always concerns me when i can't identify an immediate

term risk, but i don't see any for the next one to two years. probably over the next five to 10 years, there will be the emergence of wearables. somethinged reality, apple is strong in, but that will be a shift in devices people are going to use. the good news for investors is, we have a clean sailing ahead for the next several years, but the risk is down the road as to what could happen when we have to next hardware shift. that is one thing apple has done well is this idea of embracing the dilemma. when they had successful product 's, 2005, the ipod was over 50% of revenue, they were very aggressive at creating a new product to cannibalize that. in the future, apple will have to cannibalize the iphone and that will resent some risk to the story. are upmark, wearables

60% in revenue, but will it revenues -- revolutionize the iphone? mark: it will be another product, augmented reality glasses. emily: how big can that be? mark: we declare that two years ago. that is what tim cook's banking the future of the company of in terms of hardware. the company has over 1000 engineers working on this, an augmented reality headset to exceed the iphone, to take the heat away from the apple watch not doing as well as expected earlier on. this is their next big product. emily: are you as optimistic about ar as marquez? -- mark is? has done a wonderful job covering the topic and i

agree this is the next thing in terms of the mobile device, but it is going to be a long time away. i am optimistic about apple's business over the next several years. i want to emphasize that, because the hardware business, the iphone business is operating almost like a services business, putting it together and answering your question, i share mark's optimism about the future impact that augmented reality will have on consumers. is not justine, it products that have led to this run-up, it is also share buybacks, correct? caroline: -- certainly when it comes to the share price. there is a chart that highlights how much the ramp up in share price has been driven by buybacks. they bought back phenomenal quantities, billions since they announced the attempt -- intentions and you do the math, you can see 42% of the share ramp-up is because of these

share buybacks. that doesn't mean the market capitalization is driven by that because when you buy back shares, there are less for the price of them carried in some ways come to hold to your capitalization, but you drive up your overall price of each share when you are making the earnings. a little complex realization in market caps, but the share price ramp-up has a lot to do with buybacks, not just innovation. emily: coming up, elon musk offers amaya coppola after scolding two analysts for what he called bonehead questions. more from tesla's report next. out on the radio and listen on the bloomberg radio app, bloomberg.com and on sirius xm. this is bloomberg. ♪

emily: google staff awoke on wednesday to surprising news. the companies working on a search cap tailored and censored for china. the company has been worked on codename dragonfly spring 2017. this would be an about-face for google, which largely withdrew from the country -- the project was kept secret from all but select leaders and sparked a furious debate. some good news from tesla, the company burn through less cash than wall street. in the second quarter and ramped up production of its model three sedan. production hit 5000 week

multitude -- multiple times in july. elon musk predicted 6000 for august. he apologized to the analysts he scolded earlier for asking "bonehead and dry questions on the company's previous earnings call." applied, -- in that regard. there was no reason and working 120 hour weeks. nevertheless, there is no excuse. we spoke to several guests and the call was just beginning. >> we are looking forward to more news about the china factory. in the letter, they said china is one of the largest markets

for av's and autonomous driving. we think that is the largest market opportunity for china, a $10 million market globally in the next 10 years. we think they could raise capital to support that can we are ok. emily: you have been diving into the numbers for the last hour or so. what else do you see that we are not looking at? andhe big question for me it hasn't been answered yet, is demand. on whattesla, based they are saying, they haven't even tried to sell the cars and they are selling them really well. we don't know what has happened with these hundreds of thousands of reservation holders. some analysts had suggested the possibility there were lots of cancellations, tesla has pushed back on this but in the long run, that will be a big question.

electric cars are a very small percentage of the auto market. tesla thinks that is going to muchbut it is unclear how and just how badly people want these things. emily: goldman put out a note saying they have seen interest andease as availability test drives had increased. does that concern you? tasha: i think there is more than enough demand for the car out there. ,n the model three sales outpaced all midsize premium sedans and that is pretty amazing for a new car. we are not concerned on the demand side and we have seen really great resale value, as well. model x sells for $75,000. muji years later, it is worth $45,000. we think these cars are a great investment. once they go autonomous car you can make money off of them. we are not concerned from the demand side. emily: the bears are out there. david einhorn shorting tesla,

about it not so happy and in fact, responded to a resort from bloomberg's tictoc saying "tragic, will send him short shorts to comfort him through this difficult time. " as always, punchy. elon investorse want to see. he has at least rolling with it. washat report, he complaining about the quality of his car and saying he would cancel his lease. the fact must is taking it as a joke will probably be seen as a good sign from investors. emily: elon musk has opened a call with executives thanking them for their "mind blowing performance" over the last month and confirm they have been doing

7000 total cars weekly into july. obviously, the numbers are moving in the right direction. do you think it is sustainable, even without the tent and the human production line outside? i think tesla is working hard on that sustainability aspect of it. they said they hit 5000 multiple times. people are looking for that to be continuous, but to take a step back, there is a lot of undue focus on the production numbers. people are really missing the isg-term story that tesla producing the some believable product that actually improves after you put it on the road. no other automaker is doing that right now. these cars improve overnight. they gain value after you acquire them as a customer and that is the tesla advantage, the software advantage and that is not going away anytime soon. that is why they attract such talent, because they have this

star figure in elon musk. ahead, seems like tech gear proved easier than convincing investors of it. next.s later this hour, earnings forecast fell short. a rare miss for the company. we will speak with square ceo. this is bloomberg.

emily: uber announced it will shut down its self driving truck service as it focuses on cars. 22016 in thed in effort to remake freight trucking. a self driving car service has been surrounded by controversy following a lawsuit against uber claiming trade secrets were stolen.

move selfit will driving truck employees to other roles in the autonomous vehicle department. meantime, shares of wireless an --r maker sonos after low public offering. $208 million. that gives sonos a market value of around 100 billion dollars. in april, the company hoped for a valuation quite that -- twice that size. it was the tech headwind we have seen the last couple of days. as we got on the road, it became apparent after the facebook weakness that investors were getting skittish. --patrick, i hear you but listed above range and the discount was more than we have seen tech stocks fall out of bed. were there certain points in sonos's business that investors

are paying more attention to that perhaps they didn't get as excited about as i know you are? the whole think roadshow was about educating investors in terms of our model and the quick reaction is always , they make these great-looking speakers and so they are a hardware company. we did have to spend a lot of time helping investors understand that we are a totally different kind of company that builds products that last for a long time and people come back of those- buy more products. we are conventional in that sense. in consumer electronics, we are the only company that approaches it the way we do. some of the education was necessary and so i think there is that element, of course. owners,i talk to sonos they love the product, but a product is -- does not a good business make. when you talk about the narrative you are pushing to the street, where is the growth going to come from? is it convincing folks to upgrade to new systems? is it the platform itself?

where do you see the growth in the future? phase, wen this first have been successful in breaking into the traditional home audio market. i am most excited about and what investors got excited about was the fact there are 170 6 million people around the world now paying for streaming music. year.nd -- a what our job is in the second phase is to get people the -- who have all that great music from pandora, apple, on their phone and get them listening to it out loud at home. that is where we come in because of our open platform supporting those services. that is what we are talking about in this next phase at sonos and what i am excited about. emily: on the road, you talked a lot about the opportunity of voice acted speakers -- activated speakers and we pair

alexa with the next age of voice activated speakers, but amazon also strikes fear into other technology companies. how do you manage that relationship going forward if they decide to push more into the wireless speaker phase -- space? theick: we managed relationship with amazon and google for over a decade. we work closely with them, respect those company. have put alexa on the platform, google will come this year. it has been beneficial for both sides in terms of them getting services into our 7 million homes and us being able to offer that voice control of the music experience. based on our experience and last decade of history, i expect our partners will continue to want to bring their latest service to sonos and we will bring that to millions of additional homes. the latterforward to half of the year, you are a public company now and some of the macro trends will undoubtedly impact how your

stock trades, whether it is tech earnings for the group or political tensions with the likes of china. what are the biggest risks for your business in the second half of 2018 looking forward? patrick: i really feel after 20 years in the tech space, i feel it is more about what you are doing and executing in your own business. i realize and unrealistic about watching tariffs and things like that, but it is more where we are in the market with a huge opportunity in front of us. i am more focused on how we execute the products we need to bring to market, the countries feel at ourng and i scale, some of those macro trends, we will be mindful of, but it is also the opportunity ahead so big and we are so early in the game that we could maneuver around. ' ceo. that was sonos coming up, a big backer of

facebook and despite its last quarter, he is only buying more. that is next. bloomberg tech's live streaming on twitter. check us out and follow our global network at tictoc on twitter.

♪ emily: welcome back to "the best of bloomberg technology." has facebook hit bottom or does it have farther to fall? second quarter results show signs it may be running out of new users. investors reacted swiftly, wiping $1 million in market value off the stock. one person who is not worried? here is what he had to say when one twitter user asked him about the facebook drop -- we sat down with him for a wide-ranging interview that began with, what else but facebook? >> i bought a couple hundred thousand dollars worth of shares .

i bought some more this morning because i am a long-term believer in the stock and i don't think there will be a lot of moments over the next three to four years, outside of macro economics, we will take advantage of it. i do not tend to buy a lot of publicly traded stocks. my original facebook came pre-ipo but it got hit when all the cambridge analytical stuff happened and mark was on trial. i bought a ton. numbers or news recently, i have been buying a little more because in the next 4, 7, 9, 23 years, it is a goodbye. -- good buy. emily: he compared facebook to philip morris in terms of facebook's negative impact on the world. what about concerns about fake news? what about online hate?

what about concerns about our privacy? gary: there is a stunning non-conversation about taking on some sense of responsibility, meaning choosing cnn or fox or has as many dynamics as what you are seeing in your feed, and more importantly what you are choosing to consume as real. to me, the thought that facebook is any different than twitter or instagram, which obviously they a millionbsites or different ways we consume, is kind of laughable and silly. visa and target and the american government itself has had breaches of information far more dramatic. concept, but ie think making a jump from philip morris, which systematically spent lobbying dollars and tried

to pay off politicians for four to five decades to suppress information, is an awfully big jump. emily: what about profitability versus privacy? well one always trump the other and can we actually trust facebook? i have no problem trusting facebook anymore than i trust any other company on earth. profitability and privacy is kind of funny to me. we choose to do convenience ever profitability every day of the week, and privacy, the way we pick privacy on a pedestal is almost nonexistent in our actions. every person watching this gives her privacy every day for convenience and speed so whether it is amazon or google or facebook, any of these companies that sits as a layer over top of the internet, we have shown more action over the last 30 years and continue to with the use of instagram and others. i love the people protesting

facebook on instagram. we prove how we think about privacy, we love to talk about it but do not fear it as much because the amount of bad things that happen to the health and well-being of our family and having our money stolen is extremely far and few between. emily: what about the forces that may be bigger than us, the to hack ourtried elections using facebook and there is evidence they are doing it again, to sow discord? facebook, this network, fox, cnn, twitter, it is all the same game where i think about it from a macro which is, we make decisions. facebook or russia did not make us pull for hillary or trump. people are buying ads and running them in our screens, is very interesting. if you look at the execution of people that run political ads,

the cost of penetrating someone with a different opinion versus one that reinforces your stance is where this gets more interesting. i think this is one of the great examples in human time of us not interested in accountability. facebook did not make you a racist, you made yourself a racist. emily: let's talk about twitter. you use twitter a lot and we saw the same huge dip on the back of twitter earnings. it is clear twitter is not in a high-growth state. they have hit a plot to and lost users over the last quarter. the president of the united states is using it as his megaphone. it is not the next facebook. gary: it was never the next facebook. the truth is, facebook is all encompassing with instagram and who knows what mark and cheryl and the team are up to on their next m&a. the next facebook, i

assume it is not priced on wall street in the same manner. if you look very closely to moon pie, a small snack brand, if you look at what wendy's is doing, the business world is starting to understand how to use facebook to drive business. we are working with kraft heinz on miracle whip. twitter is how much the backbone of driving sales at albertsons and walmart. i will say that maybe the with th oftention -- wid attention on twitter is not growing to the stock market's wants and needs, but the ways to maneuver in it and it's at three to over the last four years i have been critical and not excited about twitter question,but i, no have seen over the last six to 12 months seen a resurgence different from the trump effect in just how much attention is in the platform.

when you have attention, you have the ultimate currency. it will be interesting to see what they do with their own tt. they were flirting with that space a year ago. i don't know how earnings are done or how much the street values things, but depth and maybe not width is not emerging. emily: in 2007 just before the financial crisis, one of them was a tech company, which is microsoft. is the market putting too many eggs in the tech basket? gary: i think about things in such long-term, like the thought of me understanding the short-term economics of 90 day terms and numbers that most of the viewers here play on, and the arbitrary nature and the fact that we are playing financial engineering, not actually building businesses, and the macro, of course not. tech companies will continue to gain momentum.

actually live,e not here, so in the super long-term, no. have no sense if the market has overpriced these companies based on the numbers they can hit over the next 90 days. people will not be watching abc and nbc over netflix and consuming newspapers over netflix. we are just starting in that world. short-term economics and the way the streetlights the play, that is up to you guys. the danger in the 5, 10, 15 year macro, i don't see it because the reality is we are only heading in one direction. technology does not care about our feelings or short-term judgment or wall street. humans are engaging deeper and deeper and will continue to come in perpetuity. emily: that was the boehner meter ceo. squares stock has doubled this

year but spending on new businesses and -- as tempering profits. our -- our investors expecting too much? this is bloomberg. ♪

♪ emily: when it comes to square investors, expect a lot. shares have doubled after a 154% gain last year. means pressure to outperform expectations, but they got a rare miss.

we caught up with the square cfo sarah friar on thursday. sarah: great quarter, 60% topline growth. we are super impressed. our strategy is investing to grow so we think the right balance with all the opportunity in front of us, we want to put money back in the business. we did beat on the top line with 60% growth. on the bottom line, we maintained our guidance for the million toso $240 $250 million of either., so that ebitda.-- emily: shares have more than doubled now so far this year. what do you say to the investors who say that is just to bring and and -- too rich investors are expecting too much? sarah: at the beginning of the year we were focused on

financial services and international, three massive services, and we keep adding to the product list. in my mind, what we're focused on is how do we continue to grow a big, impactful company? how do we do more for our sellers? individualuild a big platform? finally, how do we take this all out onto the global stage? emily: give more specifics of where you see investing in the business and where you see the most return. sarah: i will start with on a channel. .ne of -- omni channel as of the biggest trends -- a seller, you need to make sure you can make the sale. one of the biggest investments has been, how do we do that? we made a fairly large acquisition in q2 and we continue to augment that. we have pot -- put a lot of investment into the cash cap, our platform for consumers, to

open up access to the financial system. we keep adding more and more utility. the cash card itself trebled in volume in the first six months of the year, so another big place for investment. emily: we want to talk about bitcoin. how many customers have you added since you started buying and selling bitcoin? sarah: bitcoin is another utility on the cash cap. -- app. we talked about 7 million monthly active before december when we went live with crypto. you can clearly see under the hood that their israel growth because we are a top 30 app in the app store. that is a good way to monitor the growth going on in the platform. emily: so you can buy and sell bitcoin. why not let people received that

going? sarah: it is about utility. do people need it today? opening up by ancel, which is the easiest -- by and sell, which is the easiest way to do it, that is the first step. emily: the price is extremely volatile and you have generated almost as much bitcoin revenue as you lost. has said it does not just stop at buying and selling, so what are the next steps? ,arah: utility in the cash app the next steps are what do consumers want to do when they hold an account? anything we launched was boost, effectively a rewards and loyalty program for those with a prepaid debit card, really almost unheard of in the industry. it allows the carousel for sellers to say, i want to drive buyers to my platform, and the buyer can look at it and say, i

really want that 15% off a shake shack burger or one dollar off my coffee. these are just examples of how we are trying to rethink what financial services looks like for individuals. emily: what has surprised you the most since you started working in cryptocurrency? sarah: in terms of a surprise, just the fact that it is one of many pieces of utility that people want. it is not the be-all and all that we hear a lot on financial news. it is just like any other form of investing people are making. i want to have access and that is square's purpose. emily: up next, naked labs created a product that might know your body better than you do. how the company is bringing 3-d scanning technology into the home. this is bloomberg. ♪

♪ normalit goes way beyond dust a normal scale. -- a normal scale. naked labs has made a 3-d body scanner that people can buy for their home that delivers information on your body, including weight, height, bmi. the company just led $14 million. we spoke with one of the most recent partners. >> originally, the goal is to have it in every home. it will be the person who buys who really cares about personal fitness, so the price point is higher. emily: it is $1300 and a scale is more like $20. >> televisions, when i first

started out, they were $23,000 for flatscreen tv's. eventually, we can drive the price down. emily: how does the technology work? cyan: it has sensors that do depth reading. have you tried it? emily: i have not. i will take one. cyan: i highly recommend it. you stand on the pedestal and it turns around. after about a minute you get what looks like a silver surfer image of yourself, a flattened image, and you can see a 3-d model. emily: talk to me about the potential here, the kinds of information this can give you and how it might change her life or how you live it? cyan: i think we are scale obsessed and obsessed with numbers that do not really ultimately matter for your health. you get on a scale and you are like, imed am two or 10 pounds heavier, but you are working out at the gym.

those changes matter. when you get a 3-d body scan, you can see how those life choices are impacting your body. sometimes when you workout, you are gaining weight so you might become discouraged if you got on the scale every day. emily: what about the privacy issues? we are so concerned what companies know about us, how they are using that data, if they are being honest and if they know where our data has gone? last datalabs -- make it takes that suit -- make it labs take that seriously -- naked labs take that seriously. fund: you joined founders a couple of years ago and you were an angel investor before that. you backed uber and spacex. what are the big major trends now? cyan: i know what i'm personally passionate about.

i do not know that i follow the market. i am passionate about the future of entertainment, so i have been doing a lot of investing in that area and turning over rocks. i do not know if you have heard who is artual pop star hologram and billions of people watcher. onre is also michaela instagram, so there is things i am looking at and trying to figure out, what is the next pokemon go? how will we interface with our phones? how well augmented reality impact us? emily: do you think scooters are the next big thing or not? cyan: my personal opinion is no, but they -- i think they are necessary for certain people. people are very happy about them and their cost effective and affordable. emily: since you invested in spacex, it is tesla earnings day . the founders fund backed tesla.

does it concern you that he is running two companies, he has a lot of side products -- projects , he is tweeting all along? is that concern you from an executive -- execution perspective? cyan: we are very proud of everything he has accomplished and it is a lot to take on, but he has shown he can do it. i don't speak to elon on a daily basis and do not know the brett of what he is doing. emily: what about that going? -- bitcoin? -- are youk that still bullish and do you expect to make more investment given the volatility in the price? everybody was excited about blockchain but let's talk about the values. cyan: as a team, we are still bullish and personally, i am still bullish. i hold on for dear life.

it is incredibly valuable, basically digital gold. it is not the best way to transact so i think there will be other types of currencies that are good for that and different infrastructures, but it is good for store value. emily: a lot was talked about when peter teal backed donald backed donald trump and i am can -- i am wondering if your experience at founders fund changed? cyan: i think it made us closer at the firm, mostly because we like to celebrate diversity of thought. not everybody there agrees with everyone. we have people who voted for bernie sanders and trump. it is a personal decision. we talk about a lot of things that have nothing to do with politics, like the future of the world and what exciting things we can invest in. politics has very little to do with what we do, but if

anything, i think it made a stronger because we got to really know each other and collaborate with each other more . we had to be pretty strong. emily: have things changed since he moved to l.a.? .yan: we see him are, actually his office was right next to ours and he could walk over for an hour or so. now he comes over and is there for a full day or two. we actually see him in the office more as a result, which is great. emily: in san francisco we are tech. increasing ebb tide i saw you tweeting about the promise of a silicon valley and the midwest. why stay in san francisco? could you see the firm moving elsewhere, or do you see potential elsewhere? where? cyan: it is always possible. i think we have started looking outside of silicon valley for other possibilities, like the next great company might not be

in our backyard. we have looked at the midwest, looking at asia, looking all over the place. we are no longer location specific so we are sector agnostic, location agnostic, stage agnostic. we are not going to stop investing. i am interested in diversity issues and you have spoken out on them. you are a self-taught engineer and entrepreneur. what is missing from the conversation about diversity in silicon valley? cyan: diversity is often sometimes things you do not see. i identify as gender clear, and thank you for asking about my pronouns. that was very inclusive and wonderful. i think a lot of the times when we have these discussions, we do not realize there is neurological diversity so sometimes people say things like, that person is dense or whatever, and they are on the spectrum. there is things like that but i

think age diversity, these are certain things i do not feel like we are having conversations about that also matter. emily: thanks to scion banister, partner at the founders fund. that does it for this edition of "the best of bloomberg technology." tune in tuesday when we check in with josh silverman on the earnings reports and get new clarity on the digital tax bill. bloomberg tech is live streaming on twitter. check us out, and follow our breaking news on twitter at tictoc. this is bloomberg. ♪ retail.

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