the xfinity store is here. and it's simple, easy, awesome. ♪ >> emily chang in san francisco, and this is bloomberg technology. in the next hour, highlights from samsung, debuting their most extensive lineup of devices and taking aim at apple. and rising competition from china. tesla's general counsel leaving the company after just two months on the job. is 2019 shaping up to be as agonizing as last year for ceo elon musk? and apple streamlining its app store.

how does the move fit into the overall goo strategy to gain moe revenue from services? the wait is over. at the samsung unpack event, the company unveiled the biggest redesign of its galaxy smartphone in san francisco, introducing 4 new phones on wednesday, taking on apple with new low-end premium models, in the screen cameras and fingerprinting capabilities along with 5g conductivity. part of the revamp is a foldable phone. the galaxy fold has a 4.6 inch screen when used as a phone and can unfold to a tablet with a 7.3 inch screen, allowing users to use up to three applications at once. mark was at the event. how excited are you about a full double phone and the rest of the lineup? -- foldable phone and the rest of the lineup? part the most eye-popping

was the price. this will be the first mass-market folding phone we have seen, and the price is $1980, making it the absolute most expensive namebrand phone on the market. about whatalk to us specifically you see as a real competitor to apple here. mark: on the hardware side with samsung coming out, it is quite impressive, aside from the foldable. there is one 5g device that is high-end, meaning samsung will have about a 1.5 year advantage over apple on 5g based on our reporting. thes10 e looks similar to xr, and some camera advances are impressive. but i had a chance to use the phones in recent days. the apple seems one to two years ahead of hardware -- the hardware seems one to two years

ahead of apple. 3d sensing, 5g. but i think apple is still ahead on software and services. mark: andy reported apple isn't looking at -- emily: andy reported apple isn't looking at 5g, at least this year. will this be a draw for consumers this year? mark: i think so in terms of the marketing prowess and pushes from companies like verizon and at&t. will there be enough people this year in the u.s. to take advantage of 5g? it is not clear, but at least by 2020 it willf of be in markets around the u.s. the problem is that apple usually releases new phones around september to november of every calendar year, so unless they push up the release in 2020, with a specialized 5g version earlier in the year, they will be at least six months behind on 5g. emily: bloomberg tech's mark gurman for us. thanks so much for that update.

want to stick with samsung and bring in john butler. would you agree with what mark said in terms of his evaluation of these new products? products look terrific. i was surprised at the quality of the screens, the fingerprint technology. all that makes samsung very competitive. the one thing to keep in mind here, though, is they really are not competing with apple with these phones in my view as much as they are competing with sort of these rising chinese vendors that have very, very good devices at really low price points. think so, what do you will convince consumers to upgrade? we know in general that the smartphone market is slowing. what do these products offer that prior phones do not? phones are lasting longer, people just don't need to upgrade, so why do it? john: i think that's a problem

we will live with for a while in this industry, and you can see it reflected in the shipment decline we saw this year with roughly a 4% to 5% decline in the market in 2018. i think the next big push to upgrade is likely to be 5g. i think the foldable phone introduced by samsung today is a move in the right direction, but i am not sure it quite gets them there in terms of sparking upgrade activity. emily: so how does this position samsung to compete with the chinese handset makers, which are offering often at cheaper prices, half price or even less, phones and some would say work just as well. john: samsung right now has been almost literally pushed out of the chinese market by these huawei, so cxiaomi, vivo, oppo, all with great devices. but looking more broadly around the world, there's a lot of

buying behavior aimed at buying good quality devices with really good displays. i think the display is becoming more and more important, as video traffic grows as a percent of the total mobile traffic out there. people really are migrating to video, and i think samsung has an edge there with its display. emily: how might you expect the global smartphone market share chart to look different at the end of this year, compared to how it looks now? john: so that is a great question. samsung's share has been roughly flat for the last couple of years, and i think on the strength of this upgrade cycle, theintroduction of the 10e, lower-priced galaxy, the foldable phone, i would imagine you will see their share trend up just a little bit. i suspect apple will be stable to maybe down a little bit, depending on what we see in

september, and then with the chinese vendors a sort of steady as she goes. emily: all right. john butler, bloomberg intelligence, appreciate the analysis. thank you so much. --ing up, is elon musk we willtwitter snafu, discuss next. if you like bloomberg news, check us out on the radio anytime. this is bloomberg. ♪

emily: the tesla turnover continues. the general counsel is leaving after just two months on the job. he is a washington trial lawyer

who represented elon musk last fall in his battle with the sec. that battle was in regards to musk's infamous tweet about taking tesla private and having funding secured. since, the sec has kept a close eye on its twitter account, and now they might have more motive to take action. it turns out musk tweeted too soon, tweeting the electric car maker would make about 500,000 vehicles this year. revisedurs later he that to say annualized production rate at the end of 2019 around 500,000, 10,000 cars per week. deliveries for the year estimated to be 400,000. joining us is an analyst, and also craig, covering the company. how big a deal is this given the sec monitoring that supposedly has been going on? >> the sec isn't reacting up to this point, and the company says

it is still in compliance with the settlement agreed to late last year, but it does raise questions to your point. musk was supposed to really have a system of preapprovals for tweets considered material to the company. obviously a 500,000 unit-production forecast for this year was sort of inconsistent with what the company had said previously. interestingly enough, musk himself was inconsistent even the date of earnings, january 30, when he gave a figure of as much as 400,000 deliveries this year, and a couple hours later on the earnings call said they maybe could deliver as many as 500,000 model 3's. musk has been a little all over the place with sort of the outlook for this year from a production and delivery standpoint, and this was sort of a continuation of that, but clearly the settlement with the sec was supposed to guard against these sorts of things happening, and clearly there was

an issue in this case. emily: does this concern you? >> so in the past we sort of heard musk say similar things like this, talking about 5000 model three production per week, and then specifying that is at a peak rate, in this case an annualized rate. whether or not, i think in general this focus on production, i think traditional analysts, certainly institutional investors put too much focus on it. our point of view on tesla, it's an autonomous electric vehicle company, this is sort of the long-term story we care about. so talking about production, hitting these specific targets, if they are off by a month or two, that's not going to change the long-term thesis. emily: meantime, the general counsel leaving after just two months. an internal lawyer, jonathan chang, taking over, after musk

surprised investors saying the cfo would leave earlier. what exactly happened? craig: we don't know much beyond the reference to this being a poor cultural fit for him. that is reminiscent of something some of theom s many executives who departed last year, specifically justin machen near -- mackinear, who joined from seagate and was supposed to be the chief accounting officer, leaving a couple months into his tenure. talking about he took for granted how much attention there was on the company. was uprooted from washington where he was a longtime lawyer, moved to the west coast and focusing on this company on a full-time basis, and sort of decided against this. so it is unclear whether last night's tweets had anything to do with this.

does not appear to be the case, but also just generally another indication that elon musk might be a bit of a difficult person to work for. emily: tasha, turnover is nothing new at tesla, as craig mentioned, but we are talking about key roles. the cfo, general counsel, previously head of hr. does it concern you he cannot keep these roles filled? tasha: i would agree that musk is a particular person to work for, and you sort of need to jive with that style in order to be happy at tesla. in terms of the cfo leaving, that you can view as he came in during a difficult time at tesla, and felt the company was ready to fly on its own, and that is why he was ok leaving again. this particular departure, when on,winkas was brought people were worried, tesla will get a lot of litigation, and now

that he's leaving there is more worry. so pick one. case, asis particular you said in the beginning it could be kind of a sign that he didn't get the litigation he expected, and he said he will stay on as outside counsel with tesla, so you would figure if there was some sort of relationship damage he wouldn't want to do that. emily: on a podcast earlier this week, musk made some interesting comments that might speak to both issues. people think sometimes i am like a businessperson or finance person. i am an engineer, i do engineering and always have. the reason tesla is making rapid progress is that we have vastly more data, increasing exponentially. talk to us about what he said here in this podcast. tasha: the podcast focused on autonomous driving. we did that with a purpose, because we are long-term investors and that's the picture we see ahead of tesla.

theprice target is $4000 on stock in five years and most of that is from autonomous. tesla's stated advantage on some thing refocused a long time, the only carmaker collecting data off customer cars on the road, giving them this incredible long tail no one really has. reports fromed california on the interfacial rate, and cumulatively they have 10 million miles as of october of last year, tesla has billions of dollars in autopilot -- billions of hours in autopilot. that is an amazing advantage that will get them across the finish line to autonomous driving, and in that case it is important to have an engineer at the helm of the company who is willing to invest in the company. emily: this was on a podcast with you. were you satisfied with the answers he gave you on a range of issues john -- issues?

tasha: we were happy to highlight the thomas driving. it is great to have a company like tesla, where the ceo understands the technology well enough. he spent a lot of time with the autopilot team to answer these questions well. that's not the case with traditional auto companies. a lot of education needs to be done at the executive level in other firms. we were happy with the outcome, certainly happy to spend time with him, and having to talk about this story a bit more we have been focusing on so much. eeney, all right, tasha k craig trudell, thank you both. coming up, the latest twist in the bid for a massive pentagon contract. lawsuitdge is putting a on hold as investigations unfold. you can follow our global breaking news network, tictoc, on twitter. this is bloomberg. ♪

emily: disney has pooled advertising spending from youtube, joining other companies -- pulled advertising from youtube, joining other companies that an investigation comments were facilitating a softcore pedophilia ring. this is an absolutely horrifying story, that has been bubbling over the last couple days. what exactly is happening here? advertisers, as they have done other times when questionable content, violent content, content of a sexual nature has shown up next to their ads, they are pulling spending. particular, wein are not sure how much money is

involved but in the low thousands at least. the company's overall spend millions of dollars on youtube and other google properties, all the time. emily: but hang on, there is a pedophilia ring on youtube? what exactly are we seeing? my understanding is it is comments tied to certain videos? >> exactly. a big part of this is youtube's recommendation algorithm. if the user goes to a video that might be a fully grown person is, swimweart bikin they bought at a store, not necessarily showing it off in any suggestive way, watching that video and youtube suggests another video and then another, and pretty soon you have some content that although it is not explicitly in a sexual nature doesn't show under age people wearing revealing clothing, and if you scroll down to the comments section, certain people made comments linking to specific moments in those videos that are potentially sexually

suggestive, and that is kind of what has been going on. these videos have been out there, tracked by a youtube blogger who made an in-depth post explaining this that has been viewed over 1.7 million times, and that is why the big advertisers are pausing spending. emily: talk about the chain of events here. it sounds like youtube didn't take action until advertisers spoke up? >> youtube wind and quickly disabled commenting on some of the videos that have been pointed out. i'm sure they have a ton of people scanning through their library right now, making sure anything else remotely connected to this is either taken down or the comments are taken away. people who were commenting those questionable things have been blocked. but of course, youtube is home to millions and millions of videos, and more and more are uploaded every day, and that's the fundamental platform problem the company has struggled with,

regardless of what kind of content there is. there are willhere are people who upload and comment things that are not socially acceptable, illegal often. they do not watch every video uploaded to their platform before it is sometimes shown next to an ad. emily: we will continue to follow, and i know you will follow how this unfolds. thanks so much for bringing us that update. meantime, a federal judge paused a lawsuit over a potential $10 billion cloud computing contract. it was a winner take all deal that appeared to favor amazon, but oracle claim to the procurement process was tainted by two dod officials with ties to amazon. the latest wrinkle comes after the defense department says new information came to light about the allegations. to untangle this, let's go to new york, for our reporter covering corporate influence. what are the actual allegations?

i understand it involves at least one amazon executive, who worked for amazon, and then the defense department, and then at amazon again, and is accused of influencing the process? so oracle claims there was a department of defense staffer who essentially works on the jedi procurement, and when he was working on the procurement, amazon approached him and suggested they were interested in buying his company. as those conversations were going on, that staffer told his bosses eventually, maybe i should recuse myself from this procurement, and he later resigned as those conversations continued, and rejoined amazon. don'tacle was saying, we know enough about that relationship and how those conversations proceeded while he was working on jedi procurement, and helping to make decisions on what strategy the pentagon would proceed with. emily: so what is the judge

saying here? naomi: essentially granting a request from the government, which wants to take some more time to reevaluate whether the conflicts of interest actually impacted the integrity of procurement, so the government asked for more time to do this after receiving new information. they didn't disclose what that new information is, but we know it is about potential conflict of interest. emily: what has amazon and oracle had to say since this development? naomi: both companies are not saying much about this development. but it is obviously a big win for oracle, which has been claiming the procurement process has been slanted in favor of amazon for months now. they first filed a challenge to the contract with the government accountability office, and lost that, and then filed a lawsuit court. federal claims they hope the judge will send the pentagon back to the drawing

to redesign the contract in a way that might open up more opportunities for other companies to get involved. emily: so at what point do we expect an actual decision here, given these developments? this has already been going on for a very long time. naomi: and probably it will go on for quite some more time. the pentagon previously said they would make a decision to choose a winner for the deal in april, but that timing is a little tricky, because they aren't likely to make that decision without a ruling from the judge, who has scheduled oral arguments for early april and will probably make a decision soon after. but that decision could affect how the pentagon chooses its winner. it might have to redesign the procurement, or what might be more likely is oracle loses this challenge. emily: all right. , thankrg's naomi nix you so much. coming up, a major european

insurer placing a $1 billion bet on tech startups. how it impacts europe's tech investment landscape, next. this is bloomberg. ♪

♪ ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. europe's biggest insurer is making sure it plays a role in the next generation of tech start-ups. allianz is increasing the size of its tech investment fund to $1.1 billion funds making it one of the largest in europe. here's what the fund ceo told bloomberg news about the move. >> we are kind of spoiled for choice because now with the new fund size, we can decrease our investments and also look for other companies. but also it's not just the investment amount that we have that spoils us for choice, it's z androader brand of allian

the opportunities that we can deliver to the companies with whom we work together. emily: the fund has 15 deals to its name including money in go jack, lemonade and a german n26.e bank, we bring in an entrepreneur and to discuss. what do you make of the increase of corporate venture of this size in europe? >> yeah, i think it's a really interesting trend that seems to be occurring, the corporate venture last year was about 20% of all the deals in europe or they were in about 20% of the deals. there seems to be movement in that direction and traditionally in europe, a lot of the deal sizes have been smaller, the fund sizes have been smaller and there seems to now be an increase in the size of the fund for the first year ever. we're seeing about, we're seeing more $250 million plus funds than sub $50 million funds.

emily: are we seeing the same trends in corporate venture in the united states? >> yes, corporate venture continues to be a sizable piece of the venture landscape here and it's still, in the united states it's still a pretty large number that i think percentagewise, there seems to be more corporate v.c. going into deals in europe, but the number of deals is larger in the united states. emily: how does that change the competitive landscape in both europe and the u.s.? >> yeah, well, i think you're seeing other types of capitol. -- capital. so in the united states specifically there were 83 plus $100 million deals last year and 12 were led solely by venture funds. you're seeing corporate venture among other types of later stage funding going into a lot of these companies. and i think in europe, what this allows for is the potential for more acquisitions, for a lot of

european companies to hold off on having to exit early pause they'll be able to raise later same time funding. emily: now you work at silicon valley bank, not a traditional venture fund or bank. how does it fit into silicon valley? >> so silicon valley bank is in a very unique position. we bank both high-growth start-ups and venture capital funds. we're able to kind of get a pulse on kind of the trends that we're seeing in both places because we see a lot of data with our customers. emily: so there is also a number of ipo's on the docket, technology ipo's this year. what is your outlook how they will perform. uber, lyft, a direct listing? >> it remains to be seen what will happen. but i think there is a lot of buzz around these companies. emily: what is different this year than last year? >> there will be more ipo's.

there were some ipo's in the u.s., and europe had an outsized number. three ofies ipoed, them with market caps of $1 billion or more. in the u.s. it was two dozen technology ipo's. 2019 seems to be a year of potentially more technology ipo's, as we are getting to the 10 year, 12 earmark with these companies that need to get liquidity for founders and investors. emily: thank you so much. we will be watching to see if your predictions are correct. is takingerest measures against misinformation and controversial content. the company says it's halted search results related to vaccination, this according to the "wall street journal." most images on the platform returns anti-vaccination content which contradicts long held medical guidelines.

facebook recently made similar moves on its platform saying it's considering removing the anti-vaccination content from recommendation systems altogether. coming up, apple is said to be macining iphone, ipad and apps, how it's a greater plan for its services division next. and with more than three decades leading big tech, meg whitman is a silicon valley veteran. she gives us her thoughts on the biggest issues facing tech companies today and talks about trade tensions with china. this is bloomberg. ♪

emily: an update on a story we've been following. a former apple lawyer was released on a $500,000 bond after entering not guilty plea to insider trading charges. in federal court in newark, new jersey, wednesday, a week after prosecutors said he traded on confidential revenue and earnings filings since 2011.

other apple news, the company wants to make it easier for software developers. the smartphone maker is reportedly planning to combine apps made for the iphone, ipad and mac by 2021. the initiative codenamed marzipan will allow developers to build a single app that works across all devices without needing to submit their work to separate app stores. joining us to discuss, the co-host of bloomberg surveillance and bloomberg markets for radio. so, paul, universal app sounds great. what is the thinking here? paul: i think the thinking here on the part of apple is we need to make it easier for app developers to develop products and services on the ios platform, on the apple platform, across all the products apple supports, whether it is the mac, ipad, iphone. right now it is tricky to develop apps across all platforms. the reason they want to make it easier for app developers to develop on the apple platform is pause they're trying to drive services revenue for the company.

the company announced, preannounced the weak quarter last quarter, in large part because of the phone business continues to mature. it is no longer the growth engine for the company, so investors are increasingly hanging their hats on the growth of the services business, so to the extent they can drive app revenue that will be supportive of that growth story. emily: how much more revenue could something like this drive? paul: it's interesting, the fastest growing part of the apple pie right now is the services revenue. it's only about 15% of sales right now. but it's growing very quickly. and i think most investors say in a world where the phone is a mature product and is not growing, in fact, phone revenue is down in the last quarter for apple. they really need to allocate more resources to the services business and grow that. so, you know, apple takes, on average about 30% of the revenue from an app developer's service or product and they need to continue to grow that and make it easier for app developers to develop even more services and products. emily: samsung has their big unpacked event today.

they have unveiled a whole new phone lineup, phones with 5g, lower cost options, a foldable phone. is this lineup going to, you know, prove to be incredibly competitive for apple given the variety of choice here that you don't get with the iphone? paul: yeah, exactly. samsung remains a very strong competitor to apple, particularly on the lower end of the market. i think when you think about samsung has products throughout the price range, but where they're also very good is at the lower end of the price range. where apple has not been competitive. they haven't put the resources behind a more competitively christ apple phone aside from the x.r. one of the samsung products today is a very high quality product at the low end of the market that is designed to compete against the x.r. that is an area where samsung feels they have room to grow. emily: how bullish are you, paul, on foldable phones? [laughter] paul: it's interesting, what is old is new again. all of the phone operators are

trying to figure out, since the market is becoming increasingly saturated, they are now segmenting the market ever more finely to try to find areas of growth, to the extent that people want a foldable phone, samsung thinks there is demand there. emily: in the meantime, apple has had a number of leadership changes. and we can look at the changes for signals of where they think the future is going to be. they replaced their head of retail. they promoted the head of people to that job. they promoted the head of a.i. to the head of machine learning. another executive, frank casanova, is going to be focusing on a.r. what signals do you take away here? paul: the signals i take away, they are recognizing that the future of this company is not just hardware, the phones, the ipads. it's in a.i. it's in augmented reality. it's in machine learning. it's in some of the cloud businesses. so less on the hardware side of

the business and more on kind of the software side of the business, big data cloud computing. i think that is one of the areas where i think we're starting to see them relocate, not just financial resources in terms of capex but also people as well. emily: all right, bloomberg's paul sweeney, thank you so much for weighing in there. appreciate it. well, despite starting three years behind the u.s. in developing the technology industry, china now boasts some of the world's biggest companies in the field, there is alibaba of course with its mammoth e-commerce, and a strangle hold and baidu, which has a stranglehold on internet search engine. china's internet users make up more than double the u.s. population. bloomberg takes a look back at how the internet took hold in china. ♪ ♪ >> imagine if the internet took hold in china. imagine how freedom would spread. >> unrestricted internet access is a source of strength.

>> that country has some of the toughest internet restrictions in the world. >> a number of anonymous postings have poked fun at the government. >> so you think they're ultimately going to be on the right side of history, the chinese government? >> i am 100% sure, nobody can stop this technology revolution. >> it's 1987 in west germany and a university professor has don't has just gotten email. it contains one short sentence, across the great wall, we can reach every corner of the world. he has just received the first email from china. >> china is embracing the reform and opening up policies and the internet and transparency of information is part of that policy. >> but it isn't until 1994 that the internet becomes available to the public. compatriots,his

the president is deeply influenced by the work of alvin, an american writer whose book "future shock" predicts a super industrial revolution brought about by the moderation and regulation of technology. >> computers combine facts to make new knowledge at such high speed that we cannot absorb it. >> computers are expensive and hardly anyone owns one, so the internet cafe is born. it costs around 25 yuan or $3 an hour. >> in the early days internet , speed was really slow. and having a personal computer was a luxury. most of the people who frequented internet cafes were the more young tech savvy generations and they would go through and play games and chat with their friends anonymously online. >> in 1995, a former english teacher called jack ma heads to the u.s. on business. while he is there he does a web search for the word "beer" and there are no results about china. he returns home and starts an

online yellow pages. >> you don't make any money. you have extraordinary claims and yet you make nothing. >> that's the internet. >> by 1999, the company 10 cent releases oicq and jack ma creates alibaba. it's the millennium and the unveiling of the golden shield project, including a new surveillance system of content filtering firewalls. it becomes known around the world as the great firewall of china. >> the government also employs an army of people that actively send out social posts to shape conversations online. these people became known as the 50 cent party, the joking this -- being that they would earn 50 cents every time they sent out a social media post. >> it only takes a couple more years to china to overtake the u.s. and have the world's most internet users. fast forward and it's 2012, generalng is elected secretary of the communist party

with the vision of cyber sovereignty protecting the country's internet from foreign influence. >> [speaking in foreign language] >> notable restrictions include winnie the pooh. because of comparisons made to xi jinping. they think of chinese internet users as being horribly miserable because they can't access information freely. the truth can't be more different. china's younger generations are perfectly happy inside the firewall using the domestic app s that are screened. there really is a disconnect between china's younger internet users and the rest of the world because of the great firewall. >> it doesn't take long for controversial new laws which ensure cybersecurity to appear. these grant the government unprecedented access to foreign companies including their hardware and sensitive user data.

in 2018, freedom house named china as the worst country in the world for online freedom, but china soon starts exporting its take on the internet to countries like vietnam, uganda and tanzania. >> in 1987 when that email was sent from china to west germany and it said across the great wall we can reach every corner in the world, it looks quite ironic right now. because we have a great wall that literally screens and monitors everything. the vision that the internet founders had is very different from china's internet landscape today. emily: just visit bloomberg.com to watch that piece along with many, many more. still ahead, former hewlett-packard and ebay ceo meg whitman is taking her expertise to video streaming. talking about the video platform

where she is the founder and ceo. and weighs in on the big tech landscape. this is bloomberg. ♪

emily: meg whitman is turning her expertise to hollywood as ceo of quibi, a short video platform started up by jeffrey katzenberg. for the latest episode of studio 1.0, i sat down with whitman to discuss the new service. meg: it's so easy to look at these companies and now say, well, where did they go wrong? listen, when you are growing at that rate, you have become so ubiquitous. you do the best job you can at the time and sometimes you make mistakes. sometimes you don't see things as clearly as you might have. the question is you will make mistakes. now the question is how fast do you fix them. the proof will be in the pudding. i think there is certainly a commitment from the top of that company to fix some of the mistakes that they have acknowledged making. emily: you navigated a historic split at h.p.

do you think some of these companies, the big tech companies are too big for they're own good? meg: i don't know. i felt certainly that h.p. had to be broken into smaller nor more nimble pieces. there was a time for a big i.t. super market in the 1980's and 1990's where tech spending was rocketing, but then there comes a time where the industry shifts and i think you become too big to be nimble enough to fight off the competitors that are now disrupting you. that's what we saw at h.p. i think when industries get quite mature or there is a different life cycle that you're faced with, then sometimes smaller is better, not always is bigger better. so we'll see. i don't think the same thing is driving this right now. this is more, you know, people are asking, is it just too big because there is too much power consolidated in these companies. that's different than what we faced at h.p. emily: do you think regulation is a real threat to these companies? meg: so i think that the government is very interested in these companies and having been a politician, what i will tell

you is, politicians, you know, they see something happen and then their instinct is, ok, what should we be doing to regulate that industry or protect consumers. and that instinct isn't necessarily wrong. they have to know what they're doing and be thoughtful about it. but there may be a role for some regulation. emily: so of the sort of big tech companies, where do you see the biggest risk? meg: well, i will tell you tech is moving at lightning speed. i have never seen anything quite like this. in my early days in my career, you had sort of, you would see trends coming and you had a year or two or three to adapt. now you have a month or two or three to adapt. i think the biggest challenge is the time of innovation has shrunk dramatically. you just see these new companies come out of nowhere that disrupt the very thing that you thought was safe. emily: are facebook and apple and google, are they disruptable, amazon? meg: i suspect they are. jeff bezos has said some day amazon will be disrupted. you read about sears today.

and 100 years ago, it was the amazon of that time. and they have been disrupted. businesses is darwinian, to no question about it. meg: when you were running ebay, you made a pledge to win china. alibaba has won china. and no u.s. tech company has really won china. you said whoever wins china wins the world. is china as important today as it was back then? meg: i think china is very important. you may know that our joint venture partner in china is likely to be alibaba. i'm just glad to be on the same side as them this time. [laughter] emily: a huge film market, but it has also been difficult for the u.s. entertainment industry to crack. meg: china is a very unique market. it's unwise, i think, to try to think about going to china alone. i lived in china for four months when i was trying to fix e- bay in china. it's just completely different. and so having a strong partner who understands that market i think is really important.

emily: so what will alibaba provide? meg: they have tremendous scale in china. i mean, it's remarkable how much they have grown in the last 20 years. and obviously have a platform, they have alibaba pictures, they have music. they have a lot of entertainment properties that we can leverage , and they have remarkable technology. emily: what is your take on the u.s.-china trade tensions, as we sit here in the middle of a trade war? meg: i think maybe you know this about me, i tend to be a free trader. i think global trade, while there is dislocation associated with global trade, is actually the right thing to do. you want it to be a level playing field and i'm certain there are some things we can do better with china, but honestly, the free movement of goods and ideas and trade has always been the right thing for the united states. emily: what's at stake? meg: well, listen, i think we

have to be very thoughtful. they are the second largest economy in the world. there is lots of things that we should be doing together. is it good for every single person in every single community, no. but overall, it's the right thing to do. and we as a country have to keep our eyes on what are the next industries, what are the growth industries, whether it's immunotherapy or 3-d printing or robotics or a.i., let's make sure we're the best in the world at the industries of the future, because that's always been what has made america great. emily: my interview there with quibi ceo meg whitman. you can catch the full interview on bloomberg studio 1.0. and that does it for this edition of "bloomberg technology." we are live streaming on twitter. you can check us out at technology and follow our breaking news network on tictoc on twitter. this is bloomberg. ♪

♪ dana loesch: hi, i am from the dana show. over the years, you have seen me interview some pretty cool people. today is no different. i am speaking with one of the leading minds in nitric oxide research. one of the leading minds in the world. i recently went through a health breakthrough with my energy and stamina. and my family as well, went through that. this guy is responsible for the science behind tha