emily: i'm emily chang in san francisco. this is "bloomberg technology." tencent suffers its first profit as the chinese government crackdown on new games. crypto volatility continues but so did the opportunities. we'll break down the short-term and long-term outlook. and goldman sachs confirms that is now advising tesla to go

private. the bank wasn't on board when musk tweeted as much this week. first, your top story. it looks like facebook has company when it comes to disappointing earnings. this time the results are out of china where tencent posted its first profit drop in a decade. shares plunged 10% on the news. the chinese social media giant is -- has lost $160 million in market value. remember, monday chinese regulators forced tencent to halt distribution of a popular rozen licenses.o despite that gaming and the popular wechat app are still going strong. to discuss, we have ben and in studio, we have selena wang. you operate a venture capital fund based in beijing and you have invested $1 billion . how concerning other revenue

profit issues for a company that has been going strong for a decade? ben: listen, in the gaming space in china, we have seen substantial amounts of government involvement a wrong regulation, consumer protection has been a theme over the last two weeks. we had faulty vaccine, peer to peer lending issues. is not too surprising to see them have struggled with some of the games out of the gate. in the long-term those can be corrected. for the sake of tencent, though, some of their bigger issues lie with the losses they have seen in total share of user time. other competitors coming in, taking up to 10% of what used to be a market topping get -- dominated by tencent. emily: mobile gaming revenue declined 19%. the result this is of bigger issues at play, whether it is trade tensions or the chinese government crackdown?

>> the largest causes domestic regulatory processes. there is a bureaucratic shift happening in the government right now. because of that, there has been this power vacuum. amid that, none of these bureaucrats want to stand out and make a change that could hurt the government's censuo rship policy. these licenses tencent have been halted for several months. for a long time was seen as an unshakable media giant. but what people forgot it's a gaming company in they make a very significant portion of their profits of their revenue from gaming. and, because of this, they cannot cash out some of their biggest blockbuster games like fortnight. the fact that one of their biggest blockbuster games was forced to be recalled shortly after it was announced, shows that they are not immune to the issues of the chinese government. and that is why we are seeing this reaction. emily: it's ironic, given that the chinese government has giantsthese chinese tech

flourished by blocking u.s. technology companies from operating in the country. ben, do you have any insight as to why regulators are now cracking down on these games, and if there is any end in sight? ben: china has been suffering from an epidemic of gaming addictions. some estimates put it at 23 million individuals in china suffering from addiction. so, consumer protection has come to the forefront of the chinese government's agenda, and i think they are going to continue to look at different modes, different platforms. are grabbingthat users time and sucking their bank accounts dry. i think this will contingent be a trend for the future, in gaming. emily: talk to us about the competition. you mentioned toteal. where also our user spending their time? >> in terms of gaming, they have a lot of competitors but the crackdown is affecting industry

wide. players like netis will be infected by this. in terms of engagement, wechat, tencent facing similar problems is.facebook becoming so dominant they are starting to read saturation, so the growth rate is starting to slow. to chow is a news aggregation app. they have very strong artificial intelligence that is able to draw in users and keep them in their ecosystem. there's a slew of other video sharing apps gaining a lot of traction in china. tencent still is the dominant place where chinese internet users spend their time. app have this mini program that will be able to draw in users. users will be able to directly use services within wechat. we have a lot of things trying to keep people within their ecosystem. they do have a lot of competitors. emily: what issue short and long-term out look? ben: in the short-term, they

will struggle. for some of these games, bg, couldrly -- p.u. get stuck in the regulatory pull process until next year. i think their main revenue be hit.gaming, will in the long-term, there is potential for them to expand. they will continue to squeeze the juice out of wechat. improving their payment s, looking, minni app to add additional services with identification, biometrics and things like that. then expanding as well along to new revenue streams. we saw things like cloud computing and payment surge 81%. their monthly active users is 800 million. they have an in grade -- in grained advantage over something like ali pay, because you are already in their app. but they are going to have to expand those offerings and

regulations by the chinese government to increase the reserve rates each company has to have.'emily: tencent has invented $93 billion and hundreds of other companies, including tesla. are there any upside from some of these investments that tencent will benefit from? >> they blamed some of their profit declines on a fewer investment gains. in order to bankroll some of their other services. their snapchat investment, we have yet to see, but they have not done so well. tesla, there is a lot of questions -- people also forget that tencent has a u.s. investments arm that is very strategic. here in the bay area, they look at a lot of early stage startups. they'lvve been relatively activ. those are really focused on early stage frontier tech investment and we have yet to see how they will play out. emily: i also wanted talking

about twitter. thanks so much for joining us today, ben harper, from beijing. to twitter. after being criticized for not banning conspiracy theorist alex jones. twitter is taking temporary action. originally jack dorsey said jones hadn't violated the rules but a new video posted by jones has. dorsey told nbc jones's suspension is designed to change behavior. orany suspension, permanent tempora, make someone think about their actions and their behaviors. >> do you think he will change his behavior based on a time out? >> i don't know. we have found it does have the potential to change behavior.' emily: jones will not be able to probably interact wtih users for a week but he will be able to browse the platform. walk us through the step by

testep. why does he have any access at all? a videohe did post that seem to incite violence against the media. now twitter has been doing this 360 reversal after last week after said it said that alex jones had not violated any of our policies, yet we will take action what he does. the team decided not he has taken action. as you heard from that short clip with last year hold, jack seemed to say that he is in this temporary time out. that these types of things will convince people to change their behavior. there has been an outpouring of tweets after that interview of people saying there is no way alex jones is going to change his behavior as a result of this 7 day ban, wichich isn't a true ban. he is still able to send direct messages. at this point, we will have to see what sort of company twitter

wants to be in the future. been very clear about wanting to have roles, it wants to stick to them and not make one-off decisions but the bigger question is, are they sacrificing values and ethics and potentially common sense by sticking to these rules? emily: i'm looking at jack responded to folks on twitter saying this very thing, that if anyone is not going to change their behavior, it is alex jones. and jack is elaborating on his belief that a time out works for some users, though certainly not all. do you think that twitter and jack dorsey have a broader strategy, or they just putting out fires? sources,ome of the current and former employees, are very upset at the direction this has gone and they feel that this decision is really a solo jack decision, even though a lot of people disagreed with it. emily: why? what is the motivation? jacka: i've asked

himself, and he has not responded. the critics argue he would not want to alienate right wing conservatives or lose all of alex jones followers and he wants to maintain this neutral platform. that is sort of the very issimistic view of why jacik doing this. on the optimistic view, they are trying to come up with a broad policy strategy that they can apply across the board and not simply follow on the heels of what their larger competitors are doing and really come up with their own strategy. jack: let us know if response to you. thanks so much. beeng up, bitcoin has under selling pressure this year. the number of products in a space continues to grow. is demand there, or are buyers skittish? and if you l ike bloomberg news, check us out on the radio, listen on the bloomberg radio ap. p. this is bloomberg. ♪

emily: the biggest producer of cryptocurrency mining chipset is planning a hong kong ivo with $3 million. it close to private funding round valuing the company at $16 billion. a successful listing would be a landmark event further crypto industry which is trying to move from the fringes of finance and into the mainstream. if the ip proceedso as planned, it would be a major appetite fortor digital currency companies after the market value of bitcoin has doubled by 75% since early january. so, where does th industry go from heree? we're joined by hunter who just launched three new crypto index funds. we also have spencer bogart, and

a member of the advisory board at bitwise. we've seen a huge tombol umble. a spike today. >> last i checked, the large caps are a. interesting with the mid-cap index to see how the mid-caps move, which is -- so, i think prior to this week, we saw a huge draw down. i think that was an overreaction to the sort of procedural extension of the etf filing and the rejection of the winkle boss voss filing. emily: the sec does not seem comfortable with these etf's. what is your short and long-term outlook? goes,e, as far as the sec they are running out of reasons to disapprove some of these things. some of the underlying surveillance of these crypto spot markets is going away because some of the biggest

exchanges like germany hav-- ve set up sharing. i don't volatility is the core of it. when facebook reported earnings, a few weeks ago, there was $120 billion erasing after-hours trading lower. all of bitcoin today is only worth $113 billion. if i went to zero losses, it would be smaller losses and facebook -- emily: a lot of people would lose a lot of money. talk about additional indexes and what that means. >> last year, bitsie introduce the first -- bitwise three currencies. we have the bitwise 10. we also introduced amid cap index and a total market index. we announced an market board. which includes --

and the global head of research for s&p indices. emily: what's that li -- what's demand been like? >> we raced a few million dollars a month. this month will be larger than last month. we've seen a huge amount of interest and a lot of people are wondering about the timing. they do not want to catch a falling knife. they want to do something but they do not know when. we talked to the largest consultants in pensions, all are interested. 75% considered an allegation of crypto. i think the interest is there and the question for people is getting comfortable with what their -- going to be. what timing makes sense for them. there is not a sense that there is a rush right now. do they want to come in now with

the idea that prices are low? or wait until there is more consensus. emily: the cofounder of ethereum says he thinks that trader types are driving the volatility we are seeing, but the virgin ecosystem is getting stronger. would you agree with that? >> undoubtedly. the trajectory is very clear. the industry continues to gain more developers. there is more institutional support, whether it is firms like goldman sachs announcing they will be rolling out a trading desk related to crypto. custody providers coming online. the trajectory is very office but what we see is market cycles were things tend to go up faster than they should expect. faster thandown they should. and the same thing happens in these markets because they are so retail dominated. this is one of the first markets we have seen, financial markets were retail investors were first before institutional investors, which means if retail investors are more emotional, then large

institutional investors, we go higher on the highs and lower on the loans. emily: the ceo of coin base said mass adoption is a long time coming, especially the fact there are still regulatory issues in the united states but also around the world, in eu rope and other countries there is no regulation at all. >> yes. emily: mass adoption, how far out? >> older regulations shall apply in things are figuring out adjustments. in terms for the time for mass adoption, that is a relevant point. i don't think that brian's wrong. i think it will take time. whether that is a year, five years, 10 years, it is hard to say. the internet has been deployed and applications were introduced in the 2000's. after 2010, uber was created. we would expect the application and deployment of blockchains will take some time. we continue to see really positive signs in terms of the number of -- over 20 million

accounts, blockchain. in terms of the number of transactions, the number of active wallets. those are positive signs but it will take years. emily: what you think has been the biggest risk? you are both optimistic but what you think the biggest hurdles are? >> i don't see actually massive risk. the overall time is the biggest tailwind here. over time, dealing with crypto assets means open financial networks is very difficult. it took a long time to adopt open information networks like the internet. ch, it is going to be reserved, most of this market will be reserved for start up disruptors. black rock are saying that zero percent of their clients pto.asking about cry i think this is a market that is emerging outside the core of the legacy financial industry but had a direct way towards it. emily: all right.

thank you both. we'll have you back to continue this debate. coming up, how an nba champion wants to build a winning team for his tech investment. we will hear from golden state warriors superstar andre iguodala. this is bloomberg. ♪

may havedre iguodala three nba titles but he has a host of hot tech investment including lime bike. the golden state warriors star is one of the growing number of sports superstars making in venture capital and says it is like building a championship basketball team. i agree k-swiss with him on the sidelines of the. bloomberg players technology summit in san francisco >> to invests in people, to invest in entrepreneur jeff jordan and hall, he's taking my team under his wing. he always says invest in entre

preneur. i've been on both side of that. people are genuine. people that have a passion. people who really want to work hard, and they have the credentials. and those are the ones that most likely will help you see through your investments. emily: what are some parallels you found on the court and investing off the court? andre: a general manager. i've a good relationship with our g.jm., bob myers. we speak a lot about putting the right personalities together, putting the right coach in place. it's basically putting a team together to win a championship. similar when investing, being in a v.c. putting the right cfo there. you are getting the right marketing team in place, you are making the right hires. you're going out and you are

seeking to best recruits to come in and help your business grow as best possible. emily: talk about what your portfolio looks like and where you have had success? been investinge in a lot of different companies, consumer products such as harper wild or medicine reid. -- madison reid. e-sports, tsm was my last investment. live scooters, another product, that made a lot of headlines recently. are close tohat me, arrieta huffington, a wellness platform. i've dealt with sleep ,eprivation and doing yoga changing my diet. that is something that is close to home that i can preach about all day to not just those in the sports world but normal walks of life. emily: have you had any exits so far? have you made any money?

andre: i have not had any exits, but i've had some companies who are killing it. i've had some companies i passed on and i regretted it. i got in the last round and that is goat, the shoe marketplace. and i actually passed on it because i was like this is my introductory meeting. that was the first meeting i took. i didn't quite know what to do with it but it was a great learning experience. and luckily i was able to get in on the last round. emily: that was golden state warriors player and tech investor andre iguodala. we will have more of that exclusive chat later this hour. coming up, the roll blocks are piling up as elon musk tries to take the company private. what u.s. national security officials may want to know about it. we speak with andrew houston on running a public come to the and the recent departure of their coo. this is bloomberg. ♪

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which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. toly: welcome back "bloomberg technology." i'm emily chang in san francisco. more headaches for tesla. the fcc has sent a subpoena regarding musk's statements about securing funding, signaling a formal investigation may be underway. more davidell us welch and max. u.s. national security officials may have to clear this potential deal. what exactly would u.s. security officials have to do with this? >> as i said the other day, the

issue is that with the trump administration, it is not clear how the government body that regulates this thing would treat something like this. earlier this year, the trump administration basically stopped the broadcom/qualcomm deal on national security grounds. if qualcomm were taken of them, it would hurt the u.s. and hurt our interested you can imagine a similar argument being made with electric vehicle, especially batteries. because tesla has a big chunk of the total electric field production in the u.s. and plans to have a huge amount of battery production. you can imagine that being an issue. it's going to be one of many muskches that tesla and will have to do with over the coming weeks and years. emily: meantime, this report on the sec sending a subpoena. walk us through the continued hurdles that remain to getting a

deal done. david: so, elon has a a lot of things he has to get done. first of all, this issue with the sec seems to be getting worse. they areoes mean opening an official investigation, this -- you have this. it will take a long time to wind through all of this. unless the sec quickly concludes he did not do anything wrong. there are some lawsuits out there. he was sued when they did the solarcity deal in 2016. that did not hold things up then but this is now related to whether or not he had funding lined up and whether or not he manipulated the stock. these losses are running in parallel with 2what the sec is doing. he's got to get a number of shareholders about 2/3 of them to agree to exchange their public shares for a private holding, something less liquid and something controlled by a man who doesn't like scrutiny.

as transparent once this company is private. he's got to do that just to get to the point where he can convince the saudis woto buy out those who do not want to go along with them. a lot of steps he has to get done to get to the point where he can push the deal ahead. board meantime, max, the is under more scrutiny and looking at some of the board willics, musk says he abstain, as will his brother on the tesla board. you have some board members of spacex. up tesla board is lowering -- lawyering up. >> yeah, even in a normal buyout situation, this would be rough, because the ceo has a huge amount of control and influence over the company and it is hard

gthhave an arms len transition. the situation is worse for two reasons. first, because elon musk is so central to tesla. if we were to resign, your imagine the stock price would fall because a lot of people believe he is crucial to the company's future. the second problem is the board makeup where a majority of the board members have very close connections to elon musk. to imagine how they are going to evaluate this transaction objectively. you could imagine further lawsuits from disgruntled shareholders who may be say thatthis they are not getting the best deal. on the other hand, we are not seeing any deals right now. it is not clear there is enough funding to make this original deal possible. we may be getting ahead of ourselves. emily: meantime you have a new story out about the leverage the saudi sovereign wealth fund has as a result of musk revealing they would be a big part of this at the samew time

we're in the middle of an administration looking to limit the investment of foreign technology. in u.s. how does this add an additional big wrinkle? david: this gets very interesting. the saudis have close to 5% in tesla. fund,e sovereign wealth theyhinted in his letter, would take on a bigger stake to take the company private. one analysts estimate they could end up with a stake is large as elon's, 20%. if that happens, he is out of the public market. he does not have a bunch of short-sellers sniping on social media and analyst asking questions on earnings calls. but what he does have is now a new shareholder sitting onhis shoulders that has a stake as large as his. the saudis are not like carl

icahn in the. since they are going to tell them how to run the company when you look at some of the investments they have made, they do often like those companies to make investments or hire people in saudi arabia. that is part of what they do, bring jobs into the kingdom. you can see pressure on elon to open a factor in saudi arabia. they're going to want something in exchange for helping them with this big project. emily: lots to continue to follow. david welch for bloomberg. i know you will continue reporting on this. since going public in march, dropbox has had some ups and downs. the stock price spiked on his ipo. and after the first earnings report, only to dramatically fall after the departure of the coo despite another quarter of strong earnings. i caught up with the ceo and talked about what has changed since going public. >> in some ways it is back to

work, back to business as usual. and part of our path to being public, we have been running the company like a public company for the past couple years. so, if anything, it has been back to recruiting and building. emily: you just reported strong earnings are you also announced your coo is leaving. and investor seem spooked by that. should they be concerned? amazing,ennis has been and incredible partner. when i think back to where we were when he joined the company we were a fraction of the size, a few hundred million in revenue and now we are global company with 2000 people, offices around the world. and it's actually because the business is in such great shape that he can pass the torch. he has built an awesome team and we will miss dennis. i'm sure he will do amazing things but i'm also sure that the team that we have and he has

built and led will as well. emily: what is your plan to get more individuals and more corporations paying for these higher price suspension plants? -- plans. >> to me, it starts with building a great product. and so, over the last quarter, we announced a bunch of improvements to the core dropbox is variance and to dropbox pay pers, and a number of improvements to the admin experience. we start there. and, when we think about driving adoption of the higher tier only, smart sync, our available in the highest tier individual subscription or in the business version of dropbox. we focus on engagement and making the product as good as possible, and then we do a lot on the back end to drive conversion and building to the product ways to match people with either the paid plan

that makes the most sense or functionality that they have not been using yet. if you're running out of space on your computer, we can show you smart sync and that's driven a lot of the growth in revenue subscriber over the last couple years. have: at the same time you cloud giants like amazon and google and microsoft wanting a bigger and bigger piece of the pie. what is dropbox going to continue to do to differentiate? >> for us, competition is not a zero sum. we have existed along fine like microsoft and google since the beginning. what our customers turn to us to do is tie it all together. with office suites, they keep you within their apps. but when we look at our customers, they have got everything. t microsoft, dropbox and google and no one is helping them pull that together. and so, the fact that we partner with everyone and that we help

organize all of your content across different ecosystems is , plays to our strength. emily: that said, the cloud landscape is changing dramatically. overnd i have been talking eight years and it has always been about the competition. what keeps you up at night, given how the landscape is changing warlso, ithere's -- a mentality. for telik.- -0 - a war making sure we have the right people. it is striking a balance between continuing to improve our core products and developing new products like paper and planting seeds for future products. emily: what about acquisitions? do you plan to do any? >> yeah, absolutely. buying companies has been a great way for us to build our company. whether that is bringing great talent into the company. we've done a couple of dozen

talent acquisition. even dropbox paperwork -- preceded by hack pad. being a public company makes it easier to do larger acquisitions. that's something we'll continue to look at. emily: any areas that you are lookin interested in? >> anything that helps us work better together. we take a wide view of that. we look at acquisitions and how we bring big talent or accelerator products or accelerator business. emily: when you look at where the growth is going to come from, will it come from adding customers are somewhere else? >> it does. we're focused on driving subscriber growth and driving revenue for subscribers. on the former, we of hundreds of millions of people who are monetized users who are registered for dropbox. subs we still have a lot of headroom among people that use dropbox to grow.

we focus on driving subscriber growth. those numbers have gone way up over the last couple years. emily: some of my conversation with the dropbox deo. ceo. new information on uber's financials. how quickly the ride hailing giant is burning through millions. this is bloomberg. ♪

while elon musk is trying to make tesla private again, there is another company were people are anticipating the opposite and that is uber uber has given bloomberg a look at his latest financials. second-quarter losses are down from $1.1 billion compared to $891 million now. $1.1 billion lost a year ago but

revenue growth appears to be slowing. here with more is our uber watcher. >> so, net revenue now in q2 was $2.8 billion, still growing significant way, 63% of year-over-year compared to the second quarter of seve2017. it's down, if you compare q1 to q1 with 70%. now 63%. the amount of growth over previous quarters is falling into make matters worse uber eats is growing, a money-losing business and that's going to mask some of the slowdown in the business overall. not only is revenue growth starting to slow down but it is being covered up for by the growth of food delivery. emily: how alarm should we be? >> uber would argue it is such a

big business already and that most businesses would be super happy with 63% growth. and some of it is a national imitation of geography. uber's already expanded all over the world. but clearly -- the ceo has decided that growth is important to the ipo story. growth is more important than profits. so the company is investing in eats and autonomous vehicles to find new areas of growth. emily: meantime, you walk through how much money this company has burned through in his lifetime. >> more than $11 billion. emily: but it still has $7 billion. >> investors have been very kind to uber. it's raised plenty of money, has plenty of cash on hand. but spent a phenomenal amount of money over the years. and continues to burn many hundreds of millions of dollars a quarter. emily: has dara given any

outlook as to when that investment will slowdown? >> you know, no. in fact, he's spoken and at first it seemed like buy an ipo, maybe you need to be profitable. i have seen him give remarks where he says, not immediately but you need to be on the path to profitability. so, i don't know, i don't think there has been any guarantee from uber that when it goes public, hopefully, the second half of next year, that it will in fact be profitable. emily: all right. eric newcomer, thank you. golden statet, googles warr warriors are teammates on the court but rivals off of it. we will have more with andre iguodala. this is bloomberg. ♪

amazon day has decided to broaden the program to take on youtube in a bid to grab a lighter slice of that advertising pie.

amazon is pursuing live streaming deals with popular media companies and personalities. twitch is offering a minimum guarantee of $1 million a year as well as a share of future ad sales and substitution revenue. on the court, andre iguodala is a golden state warrior star and three-time nba champ. off it, he's a tech investor. kevin durant and steph curry are also in the vc game. . that can mean healthy competition andre iguodala talks about his rivalries, relationships and investment strategies with me on the sidelines of the bloomberg players tech summit in san francisco. >> we share information. there are some deals that i passed on that steph got in. i'm seeing k.d. doing some great things. they have been in a few with a big ones. i look at it as african-american men getting into a a space that we really have not had much to

do with. we have not had much access to. i look at it as all of those is positives. the players technology summit that's going on right now. julie a lot of -- you see a lot of diversity and a lot of african-american men. it is something you look back on whether you make, that's something you look at as a positive that's th legacy want to leave behind it. emily: they just launched the culture fund, $15 million to ckck black celebrities, bla athletes and all the proceeds will go to boosting black nonprofits. what's your take on this fund? andre: i have great relationships with a lot of those guys. nots lyons, you would expect me to say his name, but that is a close friend. he's working hard with that. obviously, mark and ben, close

with it. but, for me, i know a a lot of people within that fund. and the hidden genes project is an open-based project where they teach african-american young men themo code and follow throughout the rest of their lives with her coding. we have all star co which is our east coast group, looking to spread and collaborate with other projects. whenever you see our community take embraced and then we that and we give it back to our kids, that is when you start to see change, that is when you start to see, you know, our culture being able to be equal. that's equality, given access and having opportunities that we didn't have freakishly. emily: $15 million for a company that has a $1.5 billion under

management. does not seem like that much. there has been chatter it is not that big of a font. -- of a fun. awareness as well because it could be bigger. but the awareness is, that conversation is actually good. it is not enough. what are we going to do to make a bigger? do we do it on our own? there comes a point in time where it is up to us to do it on our own. you see that with lebron james and the amazing thing he did with the i promise school. how that's cause a lot of chatter. kevin durant's doing some amazing things. with conway. building someh track and field facilities for colleges and schools. michael jordan probably did not get enough backing of lebron, but his brand gives out scholarships to kids every single year. just starting the conversation androviding just start it

hopefully will continue to grow it every year. emily: so, big season coming off a big season going into another big season. lebron's going to the lakers. how does that change the game and the season you're walking into? andre: does not change much for us. we will see him a little bit more. forl see him six times are the playoffs, but it is good for basketball. we have been able to build a culture. we've been able to showcase our community because we have the best fans invesco. in basketball. no one was able to see that for a long time. we start to win championships, the electricity in oracle. we're excited for a new season. we got a big acquisition, and we want to him feel at home and enjoy the game of basketball. the keep our fans and consumers excited about the game of basketball because we do with the right way. emily: what he think has been a

secret for golden state to have so money stars in one place yet seemingly trying so hard not to let one star outshine the others? andre: i think it is about building the right culture. you see that when you look at startups. with the right culture you attract more talent. emily: how do you do that? andre: the top telling can exist one another. it comes to enjoin the game, n.eating the game, having fu we really have good people. if you do not fit our culture, we won't allow you to come in and kill the culture or kill the vibe we have been able to establish. that starts with steph curry. steph curry is one of the, as close to perfect as you will find in a human being. we're happy for him and his access and when he has been able to bill for himself and his family. he's taken at on the court and we have followed in his footsteps. emily: that was: stay warriors player andre iguodala speaking to meet exquisitely on the

sidelines of the bloomberg players tech summit. that does it for this edition of "bloomberg technology." i'm emily chang in san francisco. we will be back tomorrow. this is bloomberg. ♪

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paid advertisement for dr. ho's physio belt. john: welcome to our show, "living without back pain." do you suffer with back pain or shooting pain down your leg? stay tuned and discover how others just like you have found a new way to relieve their back pain. >> it is really funny, i just put the belt on, i have had it on for about one minute. and already there is a reduction in pain that i have in a particular spot in my back. it'we