emily: how does one of the most high profile and youngest players in the nba balances game on and off the court. first, president erdogan remained defined in response to u.s. sanctions and turkey, vowing to boycott american electronics and stands firm. here's what he had to say at a speech in ankara. >> every single product we buy from abroad should be produced by ourselves and resell them to others instead of buying them from others. products, from the usa, we will boycott them during emily: no signs of relenting, saying there will be no negotiations until he detained american past her is released.

yousef had this recap from is stumble. speeches,series of starting with erdogan, made it clear that he felt the u.s. is responsible for a lot of the recent turmoil. he said turkey has come under under -- come under a a corrugated attack and will do everything in its power to defend itself during the added they would be boycotting american products, shifting specifically away from iphones to other alternatives, like samsung and domestic options as well. we heard from the finance minister who called the u.s. dollar a tool of political punishment. that shows you how the broad conversation escalated a bit of a notch. we will have to see if the united states responds again either with sanctions are tariffs. recovery in turkish assets, stocks, bonds, and the lira. but liquidity is slim so that is

not representative of the realities of the market. in istanbul enough for bloomberg news. how they is apple in turkey? >> they are not that big. small, said 20%, not very significant. but this news is significant optically. what if this is the start of a new thing where different countries are asking apple to hold iphones locally or are they was making it more difficult for them to sell. now we have the china and u.s. trade were. now we have turkey. will this continue to be a domino effect

and will we see this more the future? that is the problem. emily: tim cook did meet with president trump over the weekend. here's a clue of what may have been discussed. take a listen to what he had to say. they show up as a tax on and wind up resulting in lower economic growth. sometimes can bring about unintended risk and it is clear that several are in need of modernizing. of modernizing, hedging a little bit. what do you imagine trans hired

in this conversation with the president. how much sway does a company .ike apple has >> it is a major employer and has a major economic impact come and i just by california, but a lot of other states as well. i think tim cook knows that. anytime you have a ceo one of the largest companies in the world my you think back in the past, whether names like general electric or other companies that were at the top, they all had to have good relationships with the administration that was in power at the time and making sure that the economic environment was stable enough to facilitate whatever it was there trying to sell. emily: the president of turkey has encouraged people to buy venus smart phones here in they are pretty excited. how do they are on its compared

to the iphone westmark >> totally different. venus smart phones are more mass consumer. if you think about the iphone market in turkey, i systat indicating that a knife down 10, a thousand in the u.s., significantly more in turkey. the iphone x is not in an affordable zone, not to many in turkey. apple does not have as much should as they do in other places. only to apple stores across turkey. it's not a big deal in the long-term. the big deal is if other countries start tapping on to this and ask apple to build things locally. given the strength of the turkish lira, what is the purchasing power of people living in the country to even buy american electronics in

general? >> it's not high. mark talked about the five times the income there. keep in mind, and iphone x, the lowest model would be about 7500 lire. that is somewhere around 1200 or 1300 u.s. dollars. that is pretty pricey for an economy that has been at the same level as the u.s.. even for other electronics, this is not the big market for imported electronics. when you think about the amount of products they import, electronics is a less of -- is less than a 10th of that. this is not an economy that is in a position to afford a lot of these higher-end models to begin with. now, with of the depreciation of the currency, it is looking less likely they would be able to afford it given all that has happened. the message from the turkish president has moved into a certain extent until this

economy gets back on track. most of the citizens will not be able to afford the products. mark: and the prices because of the exchange rate makes a lot of these electronics on affordable to many people in turkey. apple has had their struggles in turkey. i'm looking at this from the long-term and a long game. how will this affect apple in other countries? emily: perhaps it is more threat of bark than bite. i want to stay on apple for a second. david einhorn sold shares of apple in the quarter but for -- before. romaine, we are expecting to see more of these 13 filings in the next few days. do you think we will see more of the same from other big tech hedge funds? romaine: i took a look earlier today and you got a couple other

hedge funds which had a significant impact in their holdings. is not clear why the investor has gotten out of this position but he has been on the wrong trade on many companies. as we get more filings, the shares had a good run -- keep in mind the shares had the good run prior to the second quarter. it would not be surprising to see some hedge funds cash in their chips. you could have looked at this stock in said that was the top. they would have been proven wrong, but it is not like they lost money on the straight. apple was a fantastic trade for the past couple of years. emily: tim cook made it clear it is continuing to look for long-term investors. romaine bostick and mark gurman, thank you much. bloomberg is hosting the second annual players technology summit.

we will speak to jail and brown of the boston celtics making big moves on and off the court. if you like bloomberg news, check us out on the radio, listen on the bloomberg app, and in the u.s., on sirius xm. this is bloomberg. ♪

emily: the second annual players tech summit is underway. it is a gathering of world-class athlete, entrepreneurs, taking place right here in san francisco. since my next guest joined the

nba, he quickly made an impression on and off the court. jalen brunson is with us here now. you're 21 years old, you have obviously made an impression in the basketball world itself, but you also interned at a venture capital fund, hosted a tech summit, what are your goals off of the court? jalen: that is a long-winded type of question. basically building a rolodex and finding the right resources to put myself in a position to be more successful than i was last year and the year before that. emily: what have you actually done so far? i know you are educating yourself, talking to people, and you're not educating -- not investing it, but are asking. jalen: i give a lecture at harvard on indication -- education. talking about connecting worlds between basketball, business, and others, that could be a bridge.

i think it was the youngest lecturer in harvest history and it did the most numbers, like half a million views. i've been trying to keep myself up-to-date. emily: most athletes would not think about this until further into their career, their second career, their athletic career. why now? jalen: leverage is now, especially while you are playing and young. here, i'm 21 years old and i mature enough to be in the space and talk about education, and talk about investing. when you start playing, your leverage goes out the window. being 21, everyone wants their hands on what the future might be. the future is key, so being young, you have a lot of influence and leverage. emily: how do you maintain focus on the game on the court? at the same time, you had a great post season and a tough

upcoming season if you are maintaining that. jalen: life is about balance. basketball is my craft. outside of basketball, you have a little free time. i'm human like everyone else. they have a day job and go and go and enjoy watching sports. sports is my day job and i go and do other things. emily: what investments are you excited about? jalen: i'm curious about a lot of different things. i've been reading a lot about the online gambling scene and i'm curious to see where that goes. you probably know more than i do, but i'm super curious to see where that goes. and, hearing about the new technology that will be prevalent in the few years. emily: i'm curious to hear what you think given several of the barriers to sports gambling are now dropping. what do you think the rule of players should be in that? jalen: that is the part i'm

curious about, i would ask you the same question. i'm not sure. when a lot of money gets involved, gambling was already a billion dollar industry, and it was not even legalized federally. now it is. emily: what about bitcoin and cryptocurrency? jalen: they are giving a panel discussion downstairs right now and i'm going to learn a little more about it. i was just explained how it works, and what my understanding is, a lot of people by a lot of computers and they work together to rectify, make money, and things like that. it is not the easiest thing to understand. emily: well, i monitoring that's panel so i will ask for crypto one-on-one lessons for all of us. it is going -- it is going to be a big season, lebron james and all. how will that change the game? jalen: i think he has had a strong hold on the east for

seven years. now, i guess it is up in the air . i think the celtics will be the team to hold it down for the next seven or 10 years. emily: i was just speaking with mark gurman and he made a prediction that celtics warriors in the finals next year. would you think? jalen: as long as the celtics are in the conversation, i could care less who we play. emily: [laughter] you are an incredibly young player as many have pointed out, what you think about the controversy around people in the nba? jalen: the argument would be, if you could serve your country at 18, why not be able to play basketball? that is the argument everyone talks about. but nba is their own foundation so they can make their own rules.

if they lift that limits, you will see interesting stories. there will only be one or two kids ready per year because the talent level is so good in the nba. if they're ready, why not let them come out? emily: there is physically ready, but there is also the emotional readiness and responsibility that comes with it. how do you rise up to the responsibility as being an nba player at just 21 years old? what is that like? jalen: it can be overwhelming at times. being in a new atmosphere, new environment, not too sure what is going on or how everything works, you can easily be influenced by the wrong things. especially being young and trying to gravitate or fit into what you think the lifestyle is. it can be good or bad.

on how youaserd govern yourself. emily: how have you governed yourself? jalen: i have made mistakes and had to figure things out. i've done things like sitting down and evaluating how i spend my time. the way you spend your time is crucial. people have defined their interests outside of sports. if you do not have any interests outside of what to do, you will be board. for me, finding what i have been interesting and -- interested in and attacking it has been key for me. emily: we see the intersection of sports and politics. lebron james recently criticized the president in an interview with cnn and the president responded insulting the anchor saying lebron james was just interviewed by the dumbest man on television and he may lebron look smart which is not easy to do.

i like mike. a reference to michael jordan. what is your thought on this? jalen: my thoughts. another long-winded question. i think it is interesting. i don't know if it is propaganda or for media attention, it is interesting to see -- but it is interesting to see how the leader of our troops hands over his self in such a manner. it is kind of like a high school scenario saying i like mike. it is weird for me to see that. i would expect more from the president that is supposed to be in charge of the country. i would not expect these actions, but everyone has their own way of handling them, so i let him do him. emily: we have certainly seen players and teams speak out

against the president. do you think he is trying to use a sports to divide the country? jalen: i'm not sure. that is a question someone will have to ask him. i think he is doing a good job of making a lot of people upset. sports is a unique thing in our country. it's almost like a sacrament for religion. people praise lebron james and anyone else. sports is powerful and i think he realizes that, and that is what the conflict begins. emily: do you see your self speaking up for speaking out where you believe it is necessary? do you think that is one of your responsibilities as a player, role model? jalen: i don't think if responsibility is the right word, but i feel like i have influence and i have a lot of people following me with eyes. i'm 21 years old and thinking about the kids from my neighborhood in my community that are looking up to me and seeing me handle myself a certain way. so i have responsibility in that sense to handle myself a certain way.

as far as the president's shenanigans, i do not feel responsibility for that. emily: you are back here in a year, what will happen for you next? what is next for jalen brunson? jalen: i'm learned different things. the two things i always say is i'm apply on the wall or the elephant in the room. right now, i'm a fly on the wall so i'm learning and enjoying that. emily: we will see you down there. thank you so much for joining us. much more coming up. bloomberg tech's livestreaming on twitter and you can check us out @technology and check us out on tictoc on twitter. this is bloomberg. ♪

emily: bitcoin has fallen to its lowest levels since june. it extends and drops below $6,000. dozens of digital tokens are falling as well. there are hopes a new etf will attract new investors to the world of digital currencies, but u.s. regulators have not signed off. a group of tender founders, executives, and employees have sued match group saying they are trying to cheat them out of billions of dollars in options. the group created an artificially low evaluation of

tinder to avoid paying the group money they are due -- tinder to avoid paying the group money that they are due. one chipmaker said new capabilities will drastically shorten production time. coming up, tesla's board steps in and what they plan to do as elon musk continues to tweak his plans to take as a private. that's next. google's privacy problem is later in the program, their privacy software tells you where to go and they are tracking you even when they tell you not to. we will discuss. this is bloomberg. ♪

♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. now, the continued saga of elon musk wanting to take tesla private. once again on tuesday, his board stepped in, announcing that they created a special committee to review the idea. the group, made up of three independent directors, has the full power and authority to evaluate any transaction to take tesla private. tesla stopped short of any assurances they would follow through on musk's proposal. here to discuss, bloomberg opinion columnist, who covers equity markets. stephen, what do you make of the now, inat we are seeing

retrospect from the board, almost a full week after the initial tweet? stephen: they are in a tricky situation. undere, no, musk is investigation, which will make it harder, even if they had, -- look clearly doesn't some at wasn't, -- funding secured if , you come in with whatever they need, $20 billion, it will be harder to get some rain to come in with that money while the ceo is under investigation. the other problem they have, if they go through with the transaction, now that there has been some airing that musk had not thought this through, they could be sued if the transaction goes bad. emily: let's talk about the potential ramifications. we heard earlier from a former sec attorney. take a listen to what she had to say. he is still subject to the same ramifications without he could be, making an untrue statement when you have a reasonable basis, impacting securities market, that is still a

violation of the antifraud rules. in addition, making any kind of a statement as to a tender offer, whether or not you believe you are going to follow through with the offer, that's another violation. emily: as you said, stephen, at seems like funding wasn't actually secured, but elon thought he could secure the funding if he wanted to. he dropped names like the saudi investment fund. but the new york times is reporting that sources on that side say, there's no paperwork being done directionally in terms of a potential deal, and also, that the board was taken by surprise. all this put together, what are possible ramifications for elon musk? stephen: even if he can get the funding secured, which is a high bar, even if he can get over that, he has an even bigger problem, the second to eat, that said -- the deal is ready to go, only need is shareholder approval -- the second

tweet. if the saudis were doing the private transaction, there would have had to be regulatory oversight, a vote on whether a foreign entity could take over tesla. it doesn't say having the saudis as the potential funder. i don't know if it is a criminal investigation. i have had a debate with a few of my colleagues whether this would cross into a criminal investigation. i think for it to be criminal, he would have to be cashing in on shares on the tweet, but it seems like market manipulation, and that is securities fraud. he could see himself removed for a certain period of time, maybe temporarily not be a lot to be an executive of a publicly traded company. he could, like martha stewart, be banned from being an executive of a publicly traded company. emily: meantime he conto trickle out more specifics on twitter, earlier saying he's excited to work with silver lake and goldman sachs as financial advisors, and named a couple law firms.

you point out in your piece that his biggest problem may be that tesla is a public company, tesla's biggest problem is elon musk. explain. stephen: it was true before, but certainly true now. the fact that it will be harder to do this. even if they could do it before, it will be even harder, because anyone will be worried he might be separated from the company. elon musk and tesla are intertwined, right? that's part of the excitement, him being there to see through his vision. a private investor is not going to want to get into this, to the tune of tens of billions of dollars, if he might be removed. but, it is just that as a public company, it has done well. he hates the criticism, but it trades at 140 times years earnings. the public budgets like tesla. -- the public market likes tesla. he doesn't like the criticism, but the public likes tesla.

it is not clear, and again, i don't know what the stock would do absent this private equity deal, going private deal, i don't know what the stock would do, but i think it's a better public company than it is a private company, where it mostly got the call shoulder from the debt markets. they did a big offering, but it has traded down. emily: that said, he's naming some legitimate financial advisors. what is the over under on -- >> once he puts his hand up, all the people will jump in. [laughter] there's potential for fees, so they will jump in. but, silver lake had said that they were working with him, but not taking any fees, not a real assignment come as it is hard to gauge what this latest tweet about the advisors means. emily: what's the over-under on whether he can get this done? stephen: nothing. [laughter] there is no shot it gets done. no shot that anyone puts the money in. and the way he has done this, he can't get it done. i mean, it was a hard deal anyway, because you have had to come up with this kind of, very weird structure, because he

wasn't going to come up with the full $70 billion, could not take on any more debt, so it had to be this public-private hybrid. that would be hard anyway. now it will be really hard with an sec investigation. lastly, if the board goes through with it, they kind of look like they are doing it to save him. and, if the transaction goes poorly, they will be sued as well. emily: leaving us with no doubt as to your thoughts, stephen gandel of bloomberg opinion. thank you so much. musk made headlines this week beyond tesla introducing the next generation of new west spaceflights, believe it or not. spacex unveiled its crewed dragon spaceship capsule. reporters met with the four astronauts who will fly it. it is an answer to launch u.s. astronauts from u.s. soil. the aim is to have the first crude launch in april -- crewed launch in april. we will get to tesla private

questions in a moment. but first of all, nasa just give assignments for the first nine astronauts riding commercial spacecraft. five of them went to boeing, four of them went to spacex x, how big of a deal is that? >> it is a big deal. acause, it takes us into whole new era. we have been basically -- the united states, has been renting space on soyuz rockets and capsules to get our astronauts to the space station the last seven or eight years. for the first time in a while now, we have the opportunity to launch our own astronauts on our own rockets. emily: elon musk has been perhaps a little distracted this week with tesla, but he has his coo of spacex. as far as you can tell, is everything going to plan, to schedule, with getting the first crew launched in april?

>> i think so. i think the development of the falcon nine rocket, as well as the dragon capsule over the last two years has been steady, has gone well. it hasn't had any major technical glitches, i believe. the boeing capsule, the starliner, has had some fuel leaks, i believe, but as far as spacex, this program has gone on schedule. emily: there's a lot of doubt as to whether musk can pull out this tesla go private plan, but if you can, he compared the model he aspires to the spacex. holiday you think he could benefit from spacex's private structure? -- how do you think tesla could benefit from spacex's private structure? marco: keep in mind, both these companies, tesla and a spacex, spacex have entered very conservative, very traditional markets. tesla in automobiles, spacex in space launch.

what spacex has done in a very short time, the last 10 years, has been to become the world's premier commercial launch company. to do that in a very coe market, in a very short time, is nothing less than spectacular, and it has done it by creating products, launch vehicles, that are very affordable compared to the competitors, by far, and very reliable. he has also done it by investing in innovative technologies, like reusable launch vehicle technologies. now, when they lau, the first stage comes back and lands on its own. i think, what happens when you are a private company, you don't have shareholders looking behind you, asking, why aren't you doing this, why aren't you doing that, why isn't the stock price going higher, quicker. with a private company, you have

the luxury of planning for the long-term, not worrying about short-term events, short term stock prices. emily: i wonder how tesla employees will feel about this. you know, spacex employees, because it is a private company, they can sell shares once every six months, but tesla employees right now, can sell them whenever they want. what would you imagine the impact for employees would be? how do spacex employees like the ir structure? marco: i can't comment on tesla. that's not really my area. i imagine that is something they probably would not like. there are some downsides to going private, but on the whole, private companies are allowed to be more aggressive, more innovative. i think if he wants o accomplish with tesla what he has accomplished with spacex, i don't think he can really do that as a public company. emily: marco caceres, senior analyst for space studies at the teal group.

thank you so much for weighing in. janus partners disclosed to new positions in facebook and alibaba. the fund offers new positions on microsoft, alphabet, grubhub and dxp technology. this, according to regulatory filings on tuesday. they also exited several high profile positions including northrop grumman, keurig, dr pepper and cigna. coming up, is google tracking you even when you tell it not to? the aclu weighs in on the latest battle line in respecting user privacy next. this is bloomberg. ♪

♪ emily: intel disclosed three flaws in microchips that could be exposed by malicious actors. they could be used to steal

information like passwords and financial records from computer memory by using malware. intel says the vulnerabilities are known, and that fixes are in place. the chipmaker added that it would be very hard to exploit these flaws. well, another day, another big tech farm appearing to violate user privacy. this time, the culprit is google. the company's smartphone software continues to track your location even after you tell it not to. google says users can opt out of location history tracked all the time, but according to the ap, which originally broke the story, that is not true and google continues to store timestamps locations without permission. google told bloomberg that location history is a google product that is entirely opt-in, and users have the ability to turn off the all the time. we make sure users know when you disable the product. joining me, legislative counsel for the aclu. these privacy violations have unfortunately become almost routine.

as thisegious one in particular? >> it is disturbing here that users thought they were having information not collected, and that's exactly what google was doing. but what i think it does, is planned to a larger problem, that is that we do not have comprehensive privacy legislation. we don't have rules of the road that say what companies have to do, what consumers should do if rights are violated, and what actions they can expect from the government. emily: so what actions can we expect from the government? is this something that legislators, and we have lawmakers speaking out on capitol hill about this particular issue, but are we going to see real action? neema: we certainly should see real action. i think there's a debate happening in congress right now. as you have said, these kind of privacy violations have become almost routine. we are seeing time after time,

cases where users expect their information to be treated one way, and companies are trading treating it another way. a lot of legislatures are asking themselves, shouldn't consumers be able to expect they control their data? shouldn't they have the information and the ability to stop who it is shared with and say when it is collected? that's the very real debate happening now. emily: given that there are not sophisticated enough laws around privacy, are there legal implications here to what google apparently has been doing? neema: certainly. the federal trn look at whether google engaged in deceptive practices. did it say one thing to its consumers and do something else? that is certainly an option. there may also be state regulators who can take action based on particular state laws. but this is really a problem that's bigger than google. a couple months ago, we talked about facebook and cambridge analytica. today, it's google. tomorrow it might be another

company. what we need are clear rules, a way for consumers to get the information they need, to make informed, real decisions, and we need a powerful fix from the government in cases where companies don't act the way they are expected to. emily: i should add, these google services according to the ap, are storing the data whether you are using an android phone or an iphone. do you think the u.s. needs its own version of gdpr? i mean, europe has taken certainly, a strong stance on the side of user privacy. gdpr, a sweeping new regulation. do you advocate something similar in the united states? neema: absolutely. we are really behind the eight ball, especially when you look at what's happening in the european union. the gdpr regulations, they are not perfect, but they create standards. they say consumers are entitled to have information about when their data is stored.

they talk about the steps companies have to go through to get consent, before they can share user information, and they come with a very heavy stick. in cases where companies violate gdpr, they can be fined up to 4% of annual global revenue. there is a big incentive for companies to follow the gdpr and take steps proactively to make sure they are not violating consumer privacy. emily: meantime, apple has set itself firmly on the side of user privacy, going as far as to not unlock the iphone of a shooting suspect in san bernardino. do you think apple is a company we can trust? neema: the reality is, we should not have to rely on the benevolence of a particular company. business practices change over time. certainly different companies have different incentives to collect their customer's data. google and facebook, they collect data to target ads, a big source of how they make money.

but we should not have to rely on a particular company's practices. should be clear standards in place, that congress and our legislatures put in place, so even if a company changes business practices, consumers are not the ones that pay the price. emily: thank you so much for weighing in. still ahead, airbnb is not just for individual homes anymore. we take a look at the latest addition to the startup's rental list that might surprise you. next. this is bloomberg. ♪

emily: alphabet is investing $375 million into oscar health.

the company, selling health plans under the affordable care act since 2013, plans to use its funds to fuel its entrance into the private health insurance plans for seniors. it comes months after google participated in a funding round for oscar. airbnb is not just relying on individual renters anymore. it is sharing its own spaces. in partnership with a development company, airbnb is opening its first branded building in nashville where it will rent apartments to tourists. the move following a similar announcement last year in florida is part of airbnb's larger initiative to partner with real estate developers and facility managers who have criticized the start up for allowing illegal subletting. they plan to launch as many as 14 airbnb branded complexes across the country. bloomberg tech's olivia zaleski is here to tell us more. how exactly is this going to work? olivia: this is a fascinating new project air b&b is pursuing,

opening these buildings where people live long-term. they have year-long leases. they live there normally, and then they also sublet apartment s on a short-term basis to tourists. emily: so are these buildings owned, part owned by airbnb? olivia: they are owned by the developer and license with airbnb. a partnership, airbnb gets a 25% cut of what the residents make when they home-share. emily: so o live in these buildings already feel about the project? olivia: the people i spoke with are not happy. they are pretty upset. they feel blindsided. they did not agree to live in a hotel. iido came in and purchased the buildings, opening as many as 14 buildings by the end of next year. so some people seem upset. a few people are kind of excited about the idea, maybe they just need to warm up to it. emily: and it could also mean a new revenue stream for them. they can rent out their apartment whenever they want. olivia: exactly. a legal sublet that they are doing.

but i think people feel a little blind-sided, by the idea that they have come in and essentially, signed a lease without agreeing to leave in a live in a hotel, so to speak. the company, niido says they will work closely with residents to help them feel more comfortable. emily: is this legal? are there regulatory issues here? i imagine new york city would not be happy with this. olivia: as far as we know, they are not doing one in new york city. they have one in kissimmee , florida and nashville, tennessee, where it is legal. it is legal to home-share in the se areas. emily: so what is airbnb's longer endgame here? are they going to open hotels? olivia: it is interesting. airbnb says these are not hotels, that they are encouraging legal home sharing. but we do understand as we are watching the company closely, that they are moving in the direction, to create more

hotel-like listings. earlier this year they announced airbnb plus, a hotel-like listing service that they have. they make sure you have matching towels, matching sheets, that there are amenities like a working hairdryer, an iron. , and that the apartment that you are renting. they are trying to standardize their listings mark, and appeal to people who went but higher level of service, the standardization, to feel like they are getting something more consistent, like a hotel. emily: could this go international, where there might be fewer regulatory issues? olivia: it certainly could. as far as we know, there are plans to open 14 in the u.s., clearly going to areas where there is high tourist turnover. nashville, in this neighborhood that's really popular for music lovers. as far as we know, they will open as many as six in florida. a a lot of movement there. emily: given the margins, this particular structure has better margins than your typical airbnb.

so how does this fit into ipo plans in 2019, 2020, or beyond? olivia: this is a case of airbnb trying to diversify what it has to offer. they have come under a lot of regulatory pressure. i think the sentiment internally there is that we need to have other products. things where we can make money, where there aren't regulatory hurdles. this is legal home sharing. they recently opened up --periences congo which is you can take a kayaking lesson, a cooking class. come of opened up , i way that you can take kayaking lesson, a cooking class. another revenue source for them. ad they are heading into ipo, they are thinking about other ways they can become a productive, diversified company. emily: olivia zaleski, who covers airbnb for bloomberg, thanks so much. that does it for this edition of "bloomberg technology." tomorrow we talk tencent, reporting earnings. the chinese tech giant known for its games and messaging services has shed over $150 in market value since january. bashar al-assad than $150

billion since it's a january peak. can they change course? we will discuss. that's all for now. i'm emily chang in san francisco. this is bloomberg. ♪ ♪

>> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg ll t, or its employees. >> the following is a paid presentation for lifelock. >> look around, so many of us are on phones or laptops, on public wi-fi, shopping online, filling out forms and applications. in the connected world we live in, our personal information is everywhere. we enter our names, birthdays, passwords, social security numbers online. what happens if that information gets in the hands of identity thieves? >> i started getting phone calls