emily: this is bloomberg technology. coming up in the next hour, one of the largest software ipo's in u.s. history. thank you pet shares -- ui path shares climbing.

we will talk about the $300 million deal with affirm's ceo, max. she is just 18 years old and she makes 20 of green. we will talk to -- plenty of gre en. we will talk to this tiktok star, katie feeney. first, the markets where it looks like five in a day. >> what didn't do so well is those tech names. some still in the green. tech was the make or break case. the s&p 500, the nasdaq in the green. we see a little bit of a pullback in that nasdaq volatility.

i want to show you what the semiconductors did. positive action on the day. you can see the exley tracked some of those 10 year breakevens that really come into the forefront. we are talking about those unaccounted sources of inflation, that chip shortage is very much part of that narrative. i want to show you some of the other sectors that did fairly well today. some of that spillover is coming over from asia, we will see if it continues in a few hours. that is the macro picture. let's get to ed ludlow. ed: netbooks is down almost 17 point -- 7.5%. the company added 4 million new

subscribers. that is below their estimate of 6 million. the picture tells the drama of tuesday evening when we got results. the stock has been trending. netflix signposted it. look at the drop we got on wednesday. no one expected the growth slowed out to be that severe. the interesting thing is the effect we felt in the other stayed home stocks. one of the big beneficiaries of the pandemic, lots of people are getting peloton. zoom and roku were both down in wednesday's session? i am looking at tesla and lumina . you may not have heard of lumina. news that they hired tesla's

former general counsel to be their general counsel. tesla is actually up as well. 3.5% earnings next week. emily: thank you so much for that round up. meantime, uipath making a splashy debut on the stock exchange. the automation software making -- software maker valued at more than $35 billion. it started at an apartment in romania. uipath is now in about 30 countries. daniel joins us, he is the ceo. what is your reaction to today's debut? daniel: thank you for having me, it has been a great day for us.

i would like to say thank you to our team. they have done wonderful. this is a great moment of celebration and joy. emily: talk to us about what uipath actually does. what software robot do you actually have? what paths are they automating? daniel: we are an enterprise software company that helps enterprises to automate manual, repetitive business processes. we have an annual approach that emulates human users like self-driving car is able to amulet human drivers. we can automate most of the manual repetitive tasks.

invoices, processing orders, transactions and so on. we have quan -- we have done quite a lot of work to help our customers during the pandemic. we have cut waiting lines. we were able to cut the waiting time from three minutes to 15 seconds. >> what does this mean for jobs, daniel? does this mean more workers someday will be out of a job because of software like this? daniel: we believe that this is a technology that actually adds jobs. if you look at the linkedin profiles, the automation engineers have created jobs

year-over-year. jobs will be transformed. there are manual and repetitive tasks but also, normally, there are tasks that involve engaging other people, creativity, strategic thinking. when we reduce the amount of manual and repetitive tasks, we focus people to do the other type of more human tasks. i want to give you the example of this hospital. we help nurses to reduce their time filling paperwork that was required to send the testing results to the patient from an astonishing three hours a day to about five minutes a day.

emily: fascinating, we will be watching how the story progresses. coming up, affirm as long help customers buy the things they want now but pay for them later. my chat with the firm's ceo. that is first on bloomberg, coming up next. ♪

emily: as vaccines reach more

people around the world, businesses are gearing up for pent-up demand. investors are making a bet on returnly. >> what returnly does is completely illuminate the pain of returns shortening the experience to you want a return? okay, click this button. you can put the item in a box and ship it back. they have served over 8 million people. it is like the natural company it -- compliment to what we've

done. emily: as the economy slowly -- begins to open and we slowly and hopefully come out of this pandemic, what will you do? >> acquisitions is now part of our toolbox and this is a fine example of what we can do to further our mission. it is great as such a delightful consumer experience. it does not hurt that the economy is slowly reopening. all of these things fit together nicely. emily: looking ahead, what trends do you expect to see in consumers spending as the economy starts to reopen? knowing that many customers struggle to open. maybe it is time to throw that wedding or travel or go out to restaurants. max: 96% of people that were

supposed to get married in 2020 postponed their plans. the thanksgiving rush is going to repeat itself every week over the summer. people are trying -- dying to get out. everyone is increasing the travel budget. connected fitness is a trend that is not going to subside in the pandemic. i think one of the things that we learned is sweating next to a person that we never met is not a thing we have to do. we see a demand in connected

fitness continuing. emily: something else -- a subset of consumers are embracing crypto. elon musk has invested $1.5 million in bitcoin. peter thiel has said china could use it as a financial weapon. what is your take? will affirm let users start to pay in bitcoin? max: i have been considered one of the skeptics in crypto. cryptocurrencies at large have crossed over into true popular consciousness.

that said, the macroeconomic geopolitical implication is far more important. i think the real risk of the u.s. dominance internationally, one of the real risks is the possibility that sonos build traditional currency. i am very pro-fed exploration into the space. i am sure that people who have been long crypto are qualified. emily: my conversation with max, the ceo of affirm. tech tools have skyrocketed. more governments around the world are using their software to help fight the spread of covid-19.

we will be right back with shyam sankar, coo of palantir. ♪

emily: palantir offers energy and cyber. it has had quite the year writing the pandemic. it's tools being used to fight covid-19 around the road. they have just had an influx of investors. shyam joins me, their coo. they are feeling that another shock might come as the world reopens. you're talking to these customers around the world, what

trends are you seeing in terms of what they are feeling as the world starts to come out of this? shyam: i think the customers are really eager to reopen. they see that the shocks are likely to continue. you really want to survive into the future and you have to expect continuous disruption. how do you build your organization? whether it is a container bucking the suez canal -- these things are going to continue to happen. emily: let's talk about other countries -- the thinkable comeback as a new normal happens? shyam: u.s. commercial business is really on fire, that is in part a function of how well the u.s. vaccination process has

really gone. we all have an obligation. emily: government demand have been trying to predict covid hotspots. what has been your big takeaway this last year as a coo? how do you keep growing a government business that makes up have of your revenue? -- half of your revenue? shyam: we help them with durability of operations, allocating ppe and vaccines as well. all of these organizations are structurally stymied by how locked in their data was. we were helping all these

customers to get at their own data. it helps to drive their business and provide a public service. alex mentioned it on monday, we will be offering our software to free for all major countries around the world who employ large numbers of anything that is crucial to restarting the economy. we are making sure that no one is left behind. emily: kathy woods just added you to her fund. there has been a ton of chatter online about palantir. how do you feel about this new interest? shyam: we are proud of our investor base. i would be at a rate -- we are building a sustainable

business for the long term. this could be one of the most important software companies in the world. emily: palantir has pitched itself as the operating system for government but you have privacy advocates out there who are concerned about your outsized influence and they claim that it is loan companies and government to weaponize data to find and deport individuals from countries and unfairly target people of color. what is your response? shyam: we welcome these sorts of critiques. we don't hold any data, we don't collect any data, we help customers bring together their data in this software platform to make better decisions. we do that with the possible perspective -- principal perspective of enhancing the

effectiveness of businesses or government organizations. helping companies actually be more effective and more compliant is crucial. if you look at the work that we did with indigent england -- with england, i think it will be a go standard for how to protect the data of citizens and how models are only being used for the purposes that are legally allowed. full audit trails, full inspect ability -- inspectability. i am excited about that. emily: you just moved to denver. you just moved to denver yourself. there has been this mistake around palantir defending the shire and lord of the rings references. is there a new palantir emerging

in denver? shyam: i always felt that culture is something that you have to wake up every day and fight for. i think palantirians are a motivated group. that is what makes it special to be here. being on the front line, helping save lives is just so rewarding. that is true whether we are in denver or tokyo or palo alto. this is growing substantially with industrial manufacturing company. denver is the right home for us. emily: your chairman, peter thiel has expressed concern about bitcoin. there has been speculation that palantir software could somehow

help counter that. what are your thoughts of his remarks? shyam: i think there is no doubt that crypto in general is a disruptive force and disruption can be good. we should be thinking about these and exploring them from all angles. we certainly are. emily: i want you to take us into the future, we have about one minute left, and the last year, so many companies and governments have compressed years of tech adoption into one. what does that mean for the next five or 10 years? how different are they to perform -- differently positioned are they to perform? shyam: the equilibrium we used to live in is not coming back.

in the government context, that is the legitimacy of the institution, the ability to serve its people. i think a lot of the technology has shown that the emperor has new clothes. it has shown people how to have a resilient organization going forth. emily: thank you so much for joining us and sharing that perspective, i really appreciate you taking the time. coming up, the robinhood trading app has boomed among millennial and gen z investors. we will look at the addictive app and why some critics are skeptical. plus, turning tiktok into a million-dollar career. how this user turned a hobby

into a career. this is bloomberg. ♪

emily: welcome back to bloomberg technology. robinhood may have made it too easy to trade. the app made popular the zero commission brokerage eventually forcing major competitors to follow all while introducing millions of millennials and gen z years to the market. i want to bring back ed ludlow to look at some of the criticism. what are we hearing? ed: read this story. it is on the center page.

how robinhood made trading easier. it is a tantalizing tale about the design features that have made it accessible to novice traders. when i -- one line of the story, it gave novice investors access to big names like tesla and microsoft. tips you want to get a hold of. also some of these reddit stocks that saw huge volatility. look at this chart. it shows the dollar value of all of the shares traded. gamestop, amc, the reddit forum stocks pumped up. it is incredible. come back with me into the studio. two lines down here. microsoft and tesla. the lesson is the perils of investing. you'll have to take my word for it that is tesla and microsoft. this is gamestop and amc.

it is literally off the charts. it has taught novice investors a lesson in volatility they were not trained in. some people made a lot of money. a lot of people have lost. that has attracted the attention of regulators on capitol hill. emily: thanks for that round up. check out that story on bloomberg.com. now that regulatory tension around tiktok has cooled, there is one certainty. content creators are turning short form videos into a seriously lucrative as this. tiktok's five highest-paid stars have earned more than a million dollars. sponsored content for brands like spotify, amazon, dunkin' donuts. take the highest-paid tiktok ker. she left college to join a group of tiktokkers.

sponsorships came rolling in. she became the global spokesperson for american eagle, started a spotify podcast and came out with a makeup line. it all means being a content creator on tiktok can become more than a hobby. there has been much debate around millennials in the -- in the workplace. will they even need a workplace? let's bring in the next guest in our week long series. a content creator on the platform who has worked with brands on the platform. thank you so much for joining us. you are 18 years old. you made a million dollars on snap in a couple of months. you have five .4 million followers on tiktok. when and how did you realize you could make this much money and turn this into a career? >> i think that it is hard for anyone to imagine social media

can become such a career. it is insane. over this past year especially, i started getting lots of brand deals. brands would either you know me, direct message me. since then, i've been able to work with these huge companies and make money from it. with snapchat, over a million dollars in six weeks. that is unheard of. i don't think i could ever have imagined that in a million years. it is crazy. emily: crazy indeed. how does creating for tiktok compared to snap and instagram and youtube? all of these companies are competing for your time. you have a favorite? >> i definitely started off with tiktok and crating short form videos through tiktok and that is how i grew my platform. the main strategy i have been working with is diversification

and spreading throughout all the platforms. i definitely think tiktok is my largest following but i love them all. especially with snapchat and their new short form feature, all of the apps are starting to become more and more like tiktok and the short form video platforms that i love. i don't know if i have a favorite. emily: that is very diplomatic. let's start with tiktok because obviously the platform has helped make a lead of normal everyday people famous. you work with them at all? what is your relationship with tiktok? >> i definitely email back and forth with tiktok. with the other platforms, i have been able to go into meetings with them and learn about the features. i have not had the opportunity with tiktok. i have been on tiktok since it was musicly.

the brand will direct message me or my management team. that is how i get the brand deal. yeah, i mean, everyone's once in while. -- every once in a while. emily: let's talk about the sponsorships. companies like amazon, the disney channel. how does it all work? what are your highest-paid sponsorships? how much more can you tell us? >> it depends on the deliverables, how many videos i am making for the brand. now i have been working with amazon. definitely one of the higher-paying companies because i am working with them through a long talk and i hopefully will continue working with them throughout college as well. i think the longer the long-term relationships with the companies, those are going to be the highest paying ones.

i have done some with the disney channel and also what is great about forming these long-term relationships is once i have a relationship with a brand or an agency, they will continue to reach out to me if they have another company that whites to work -- that wants to work with me. that is the way i have made the most money. emily: do you have an agent? do you have someone advising you? >> i have a management team. i do not have an agent. they kind of do it all. they have been super helpful with helping me manage emails and all the brand deals and scheduling because i am in high school still and i am going to college. it is not a one person job anymore. i definitely need some help with managing it all. emily: you are planning to go to college. that was my next question. do you feel at all like you don't have to and what is your long-term plan?

>> education is really important to me and my plan has always been to go to college. some people might think that is crazy, but this is all happening so fast and i have an llc now. there is still a lot i have to learn when it comes to business i got into the business school at penn state and i'm going to get any studying business and marketing. i'm interested in film and communications as well. emily: congratulations. that is good to hear. last question, what is your advice to other young people out there. folks who want to know, how can they do this or can they do this? >> it really is possible for anyone and it is always crazy -- always crazy when people call me phases -- to me famous. to me, i am a normal person. i am just katie. it really can happen to anyone and sticking with it, putting in

the effort, there are huge rewards. hop on social media. there is money to be made. it is a career. emily: thanks so much for joining us. what a world. feeling very old. but also fascinated. thank you. and do not miss bloomberg tech podcast, which centers on the tiktok phenomenon. that is on thursday. you will hear a lot more from katie there. tomorrow, we are going to be joined by another one of the highest-paid content creators. that is josh richards. how his rise to fame has placed him to thick about investing off the platform and we will be joined by one of the partners at animal capital. you will not want to miss it. coming up, american libraries doubling down on their role in expanding digital access for those who need it most.

that means getting outside their building. how libraries have fared in the pandemic and how they are reinventing themselves. this is bloomberg. ♪

emily: during the covid-19 pandemic, american public libraries have found ways to continue providing services to communities. particularly in one area that was needed and that is internet access. turning vans into mobile hotspots. libraries have taken on a new role to serve their most marginalized patrons. i want to bring in our latest guest.

this is interesting how libraries have reinvented themselves. you would assume it has been very difficult for libraries with no one being able to go inside. how have they fared in the pandemic? >> libraries have had to step up their services. they have always been a source of internet for underserved communities. with doors being shut, they had to adapt. they partner with schools to create hotspots for students who don't have internet at home. they have rolled out these mobile hotspots to parks and underserved neighborhoods. they moved a lot of their service online. as a librarian has moved online or telephone, because libraries

are also information officers, they still play the important role in their community. emily: how do you imagine what libraries have experienced and the innovations they have experimented with, how will that change libraries in a new normal? or receiving the start up -- are we seeing the next chapter of u.s. libraries? >> one thing a lot of experts have told me is i brewers have always offered this -- told me is libraries have always offered this service. we are going to have to see libraries start putting more effort or being more deliberate in reaching out to communities outside of the building. one report says that communities of color still have accessing online services. libraries will have to work to

improve their program. at the same time, libraries are facing budget and staffing limitations. it will be interesting to see whether libraries will prioritize certain services or whether they are going to have to reinvent what they do. emily: what kind of support do libraries need? how can patrons like us help? emily: in it -- >> in the pandemic, it became clear how important libraries are. one thing experts have told me is that libraries cannot be the one to bridge the divide. they don't have the funding. they don't have the staff. they are going to need federal support. they're going to need policies that will boost broadband access in all communities. they are going to need more funding.

there is one program that funds connectivity between schools and libraries. they are going to need a federal government to adapt that so that funding goes to providing internet access to homes. emily: all right. fascinating stuff. thanks so much for sharing that with us. coming up, spotify is calling apple's app store rules abusive. this is bloomberg. ♪

>> the app store is not just a story. it is like a studio with canvas, brushes and paint.

it is a gallery where artists can display and sell their creations. that is how the app store empowers everyone to build apps. emily: the apple chief compliance officer who testified wednesday at a senate hearing over the potentially anti-competitive conduct by apple in the app store. the latest in how the hearing has played out. what can you tell us, mark? mark: i thought the hearing resulted in some compelling testimony from match group and spotify. i did not find the chief compliance officer's responses very compelling. i feel like there was a lot to be desired i think this goes to show you perhaps why apple did not want to participate in this hearing initially. i thought they were basically put into a corner in some

respects. that is not to say some of their points were not great. i think there were some key issues related to tile and the competition between the air tags and tile's air tracker. there was a debate about why apple does not take a cut of the revenue from uber while it takes a cut of the revenue from tender given both of those -- fromt -- from tinder given both of those facilitate meeting up. there is work to do on the side of apple and lawmakers to come to a series of changes coming forward. emily: we can imagine there will be continuing scrutiny on this issue. i want to talk to you about the apple event we did not get to yesterday. spring-loaded. tim cook talking about the new

macs built on the new chip and how big a deal that is. >> with a giant leap in performance, every mac with m1 is transformed into aching pulley different class of product. it is not just an upgrade. it is a breakthrough. emily: would you agree that the new computers, it is not just an upgrade, it is a breakthrough? mark: the imac yesterday uses the same chip. the macbook pro as well as the entry macbook air last year. as more of a pro user come i think there is a lot left to be desired. this is very much a baseline machine. i am looking forward to the higher end. sticking to the chips, i thought it was interesting the ipad pro runs the same exact processor as

the mac. the difference between the two devices is the software ecosystem. the mac has a much more impressive, much more vibrant, much more capable operating system. i think it is time for apple to give the very advanced ipad hardware the software it deserved and completely unlock that device. i think the ipad proudly announced yesterday from a hardware perspective is impressive. what i would like them to do is add the mac software to it to make it much more capable and give media the ability and other people the ability to replace their laptops. emily: always appreciate your analysis. some new and exciting products from apple. finally, imagine the ability to cure genetic disease for generations to come or to inoculate the human race against

the next covid-19 before it becomes a pandemic. dr. jennifer doudna helped pioneer a genetic breakthrough. it can engineer rna in a single cell. she talked about the technology and its potential. >> crispr is a system and bacteria that detects and cuts virus genetic material. it was by studying how that worked and we did this in collaboration with emmanuelle's lab. that research led to an understanding of the function of this molecule that allowed us to harness it as a tool for genetic inability in. namely for altering dna sequences in a programmable

fashion that gives scientists a powerful way to understand the function of genes. also to change the function of genes in a targeted way. emily: the pace of research, the application has been startling. it has been incredible to watch. what are the current cases that inspire you the most? >> i always think about victoria gray who was the first patient with sickle cell disease to be treated with crispr in the u.s. she is somebody who is benefiting right now from the crispr technology. to be able to live a normal life without being impacted by the devastating genetic disease. i think that is one area where we will see increasing development. more and more clinical trials that are starting.

at the institute i started a few years ago in the bay area, we have just received approval from the food and drug administration for our own investigational new drug trial for sickle cell disease. this is an extraordinary moment in terms of thinking about cures for genetic disorders. emily: in the 1970's, test tube babies were controversial. now it is accepted and available. you think it will be the same with crispr edited babies? >> this is what happens. people get comfortable with an idea if it is useful. if it is proven. it still remains to be seen. if it is proved to be useful and kind of controllable in human embryos and that is still in the

realm of research and if that were to happen, i think it becomes a possibility in vitro fertilization clinics offer that to their clients. who should make that decision? should governments be regulating that? that does not happen for ivf clinics right now. as you probably know, there are different regulations across different states and in different countries. i think the same thing could possibly happen with crispr where it becomes something some clinics will offer and parents will have to decide, do i want to do that? emily: that is just part of my fascinating interview with dr. jennifer doudna. a good one. that does it for this addition of bloomberg technology. tomorrow, it is earth day. we have a slew of amazing guests including a guest from tesla and

i will be speaking with the ceo of warner media. you don't want to miss it. that is all for today. i'm emily chang. this is bloomberg. ♪

want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings.

haidi: a very good morning and welcome to daybreak australia. shery: good evening from bloomberg's world headquarters in new york. haidi: australia cancels belt and road deals with china saying they're inconsistent with the country's foreign policy. beijing calls the move unreasonable and provocative.