from the heart of where innovation, money and power collide. in silicon valley and beyond, this is bloomberg technology with emily chang. [standby]

emily: a way for video gamers to chat online. now the platform has 150 million active monthly users using it for everything. to kids doing homework with friends. i will talk with co-founder and the ceo who turned down a $12 billion effort -- offer from microsoft. the plot thickens in the divorce of bill and melinda gates. turns out microsoft investigated bill gates involvement with and employee almost 20 years ago. we will have to see what it means for microsoft and the

gates massive philanthropy efforts. although stories in a moment, but u.s. stocks falling monday as jitters over inflation linger. bloomberg has the story. walk us through the day. kriti: read on the screen. i am on a loop. tech underperformance is the story of the day is what it seems like the s&p 500 is down in the red. materials in the green. that really pulls it down. we have seen that it gets even worse as we get to the semiconductors, down nearly 1%. can't even blame yields because they rose to two basis points. not enough to spook investors the way we saw it back in february. i want to bring to your attention bitcoin. that brings to me the other slide we are paying attention to on the seven day timeframe. it needs to go lower and lower and lower. this has something to say because bitcoin has become a little bit of a risk sentiment indicator. not only has it been trading in

line with technology stocks, but it's taking crypto stocks. we have to get to the big story of the day, which is the bloomberg story. at&t and discovery are green on the session in the morning, but then turning red. discovery was up at 20% at one point, now down 5% on the day. emily: thank you for the round up. appreciate it. more on that big, megamerger today with the media assets of discovery at at&t dominating the headlines. david westin spoke with the ceos of both companies to talk about the deal. >> we looked at what john has, king kong, godzilla, the incredible brand of hbo. sex and the city, game of thrones, superman, batman. we thought about it as a combustible combination. we got some incredible ip that people will pay for before they pay for dinner. and we have a bigger library with netflix with content that

people love. whether it's oprah, chip and joe, food network or the bbc content, planet earth. so i think this is just a way that assures that warner, probably the top of the pyramid and quality ip and quality talent that is loved all around the world, together with the content that we have, we are the largest global media company. we have more global ip than anyone else. when we come together, we think it makes us a real formidable, global ip business to compete with the best in the business. david w.: david says you are at least in the same sort of business, even if they are different. you had a change of heart. there was a major strategic decision made to move into the media business as a telephone company. now you are reversing that. you will go back to your roots. let me understand, looking back

at it now, was the strategy wrong, or did something change? you are leaving some money on the table. there is some value being destroyed. >> i would probably dispute whether there is value being destroyed. i would say we have managed to increase the value of the assets we bought by maybe 30% if you look at that cash we are taking out of the business, the assets we sold in the effective value of this transaction and some reasonable assumptions of it trading and how it will trade in the multiple. david w.: i think you bought it at $85 billion and this is $43 billion. you are saying you got the difference in cash? john: we are getting 71% of the equity of the new business. there are two parts to that. the point of view that i think i would have on this is the team has done a remarkable job of pivoting the asset and direct to

consumer world. that is really the value that i think david and the rest of the industry see right now. emily: at&t's ceo along with discoveries ceo will run this newly merged entity. joining us to talk about the impact on the streaming industry is the senior equity analyst in the media and video games unit at morningstar. this is quite a sudden turn for at&t that at one point wanted to stream all of this video on its customers cell phones. now, merging cnn, hbo, opera, hd tv, what is your take on this deal? >> i think it's a great deal for discovery andholders, at&t shareholders. i think they are getting back to their roots. we have seen verizon do something similar. i think if you look at something like comcast, the difference with the warner immediate deal

is nbc, universal, comcast got that at a discount, building it back up and it's at a high level. warner media was being pretty low run prior to at&t. i think there is a cultural disconnect. by spinning out the assets and combining it with discovery, i think there are some values in the much larger at&t wireless business. emily: let's talk about what david zaslow of -- david zaslav said. what do you expect and what do you think zaslav should do in terms of the more premium assets and more premium executives? >> i think he has to keep some of these guys on. i won't say who specifically, but there has been a trail in the last few years and it started to save lives. we have been seeing positive results in the tailwind. they have been talking about it

and i think it will be tough with some of these people around. it will be people on both sides of this having a bigger say. so we will see how well david can hold onto these assets, particularly the next year as we ate for a shareholder. emily: what do you think the biggest challenges are going to be? a lot of these folks signed on thinking people were doing one job, now it has changed again? noel: it does not seem to make sense to run discovery plus and hbo plus as different businesses. they may find that their job is not as good as it was. i think another challenge is going to be getting them together. while they are both media companies that have had great

differences, discovery is very well-known for sticking close to the bone, while warner media has gone through a number of layoffs and cost cuttings because of the cell phone company. it is a old-school hollywood media company. we think it will be doing that as well. that will be one of the keys. he has done a great job with discovery. i expect similar success with the new company. emily: interesting. megamerger and dead -- indeed. neil macquarie of morningstar. appreciate your analysis. the social network favored by gamers but used by everyone from musicians to teenagers you doing homework. this is expanding to break out of its niche and draw an even more users of all backgrounds. the cofounder and ceo joins us next to talk about what is next after turning down that 12 billion dollar offer from microsoft. ♪ this is bloomberg. ♪

-- this is bloomberg. ♪

emily: discord was founded in

2015 as a way for video gamers to chat with each other while playing. it has since become a hangout spot for anyone, including musicians meeting the fans and friends doing homework, or even watching tiktok together. user ship doubled last year during the pandemic locked and discord has 150 million monthly active users. it is also testing a way to let users sell tickets to virtual events, opening a huge new revenue stream. this after bloomberg reported that $12 billion takeover offer from microsoft. joining us as the cofounder and ceo. thank you for joining us. you started discord after a video game you are working on did not become a breakout hit, now it is used for all kinds of reasons. start us off by telling us what you think is more popular on

discord and what trends you are seeing. jason: six years ago we launched discord because we wanted to create a better way to talk and hang out with our friends around playing video games. over the last few years we have seen people take the service and begin using it in so many different and interesting ways. people who play video games is a smaller percentage of the time spent on discord. more of it is people hanging out with their friends, study groups are popular, hosting book clubs and karaoke nights, it's a wide range of things that people are doing that give them this sense of belonging because they can spin quality time with people that they care about. emily: 80% of your user base is outside the united states. tell us about the demographics. are they mostly younger users, and in what countries? basin: it turns out we have a very private viewpoint.

so wedo track demographic data about our user data. we run survey to show that people are younger and the 13 to 25 range. people who have active friend groups. in my demographic, it is more folks who have extended groups of friends who have moved around, or they don't see them every day as much as they would like. but it's people of all shapes and sizes that use discord. emily: you are now testing ticketed events, partnerships with labels, and you are bringing in more than $100 million in revenue. talk to us about the revenue streams and how you plan to grow them. jason: the way we make money is by selling a subscription service called disc go -- discord nitro. what it does is it makes your

experience more fun. and discord there are no ads, we don't make money selling ads. you pay money for the subscription service and you get to do things likes an animated emojis or customize your profile. we did an ounce we are launching something called a staged discovery and paid ticketing. it's interesting about that is, as we have seen this shift from people playing games and doing all different things on discord, people are hosting bigger events. financial literally -- financial literacy classes and people want to charge access. we will create a place where people can go to discover the interesting conversations happening in the public community on discord, and a will -- and allow those communities to charge for access. discord incorporates -- what makes it unique is it incorporates video, audio and chat and text. talk about what differentiates it from clubhouse or twitter

spaces. jason: there are a lot of apps that have these different spaces. what makes it special is how we bring it all together. discord is very focused on group communication. on discord you create a space, which we call a server, you invite people in, and you create this invite only environment. let's say i invite you and in five or six of our friends. those people have a group from six to 10 friends on discord. it allows you to organize your conversations in different text channels. you can have different topics like scheduling here, general conversation here. it prompts people to talk more because there are places to put these things and you are not stepping on each other. and then we have voice and video channels, which act like conference calls. if you and i were having a conference call on discord and a third friend who already was invited into the server saw, they could tap on the voice channel, tap in and it would be

like they were walking into a living room and we were both talking. you have these serendipitous moments where you can run into your friends online. it's very unique. emily: the discussion of gamestop has been big on discord. they had their own server there, at a point you actually banned the server, as i understand it, not for financial fraud or reasons related to that, because of hateful lame grades, misinformation. what's the status of wall street bets on discord now, and retail trading discussions in general? jason: it's really important for me to say that we have a zero-tolerance policy for hate speech and extremism. when we identify these issues, we take action. which as you mentioned, is ended up what has happened in this moment which what you are referring to. my understanding is they have a server that is live, it's well molly -- well moderated and it's

an interesting place you can go to have conversations about stock trading. generally speaking, there are two main ways that people use discord. smaller groups are study groups, playing games, hanging out with friends. those are six to 10 people in a server. the overwhelming majority of people in discord are those people. the remaining 1% or 2% that we call these public communities, where you can go and discuss and meet with people around the interest that you are excited about. whether it's stock trading, learning a foreign language, all sorts of things, so there are many conversations happening. we are very excited people are learning through those topics. emily: bloomberg reported that microsoft tried to buy discord for $12 billion and that you rejected the offer. everyone wants to know what can you tell us about what really

happened, why you turned that down and what's next? jason: what i can say is we got numerous offers, but i cannot, on anything specifically. what i can say is that our business is doing extremely well. discord nitro is very popular. last year our user base double in growth through covid, but our -- tripled. we feel like we are positioned to create a next-generation communication service where people can really come together and find belonging. this trend of people spending more and more time online has been going on for a decade. it accelerated last year, but i think we all expect it to continue. people want to spend time together, so we are focused on our future and creating space for people to find belonging. emily: with the world coming out of lockdown, could that cut into some of the time that discord has racked up through the

pandemic? when you are not just competing with tiktok and netflix, but also restaurants and movies, and just getting out into the world. jason: i plan to spend a lot more time outside very soon. the beautiful thing about discord is we are not a scroll forever business. unlike other social projects, there is no social feed, there is no way for things to go viral. it's about conversation. for us, i fully expect that people will go outside more and will spend less time using all internet services, including discord. but when you come back home after school or work and want to check in with your friends, discord will be there to provide a place for you to find belonging and comfort no matter where your friends might be an idol that that will go away. emily: jason, ceo and cofounder of discord, we will keep our eye on you. thank you for joining us. coming up, as bill and melendez

divorce proceedings proceeds, it turns out that microsoft investigated bill gates involvement with and employee back when he was ceo. or on that next. this is bloomberg. ♪

emily: more details are emerging around the high-profile divorce proceedings of bill and melinda gates. we know the microsoft cofounder was investigated by the company for his relationship with an employee. i want to bring in our bloomberg reporter who has been following this. the investigation dates back more than 20 years ago. what exactly did the board investigate and what did they conclude? >> the relationship is one that happened around 2000 from what

the representatives have told us. the investigation started in 2019, which is when the person involved in the relationship felt the need to bring various aspects of this relationship with gates to the attention of microsoft and the board. in that investigation started, was never concluded. while it was ongoing, bill gates decided to step down from the board emily: and citing non-reasons. microsoft gave us a statement saying they received a concern in the latter half of 20 that bill gates initiated a relationship with a company employee in the year 2000. a committee reviewed the board and they conducted a thorough investigation and provided an extensive report for the employee raise the complaint. we also have a statement from gates himself, or a spokeswoman who said there was an affair most 20 years ago, which ended amicably.

his transition off the board was in no way related to this matter. what do you make of this given that there seems to be more? >> you are absolutely right, there have been lots of reporting around this from other news organizations. they are portraying various and different aspects. that even when you take these statements at face value, they don't quite match. the timing appears to be convenient, and the investigation wasn't concluded, so there are huge amounts of speculations about one of the world's richest men till out there, and it will probably persist and impact his legacy. emily: we have to point out that what might have been acceptable and not exclusively against the rule is a couple of decades ago is not acceptable. what could this mean for microsoft in the gates foundation where bill and

melinda said they are planning to continue to work together? ian: microsoft is the latest in a number of large companies that are dealing with a phenomenon that you could hardly -- argue, well, it was ok years ago, or not exclusively against the rules. since then, the rules have changed. as you wrote in your book, the expectations and behavior, corporate expectations, men and powers behavior has changed and should have changed sooner. we are dealing with the legacy of that, and this is another example of that, regardless of what the material impact it had on the foundation or on microsoft, this is going to be lingering over an individual who is still important. emily: we are certainly going to continue to work on our reporting here and get to the bottom of it. thank you so much for your reporting there. coming up, apple has started to

present its case in the closely watched antitrust trial with epic games. we will have an update for you, next. this is bloomberg. ♪ we know how much you count on us...

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emily: welcome back to bloomberg technology, i'm emily chang in san francisco. a quarter of -- values wiped away in a week and a lot has to do with one person, that's elong mask. there is more on the volatility surrounding the crypto space. elon on the receiving end of some not happy twitter followers, not happy about the inflation. kriti: the insinuation that tesla could have sold, or will

be selling their bitcoin holdings not doing great for bitcoin over the weekend, but that is just the cherry on top of a not so great sunday. bitcoin has been on a negative downturn for seven days. a lot has to do with elon musk, a lot has to do with broader risk. you see the straight shot down and it's taking its cryptocurrency stoxx from companies like crypto miners that a lot of people hop into as exposure to bitcoin. in the stock market you see a lot of those names down, but even names like coinbase. if you look at several of the stocks that are crypto names, you have them here. coinbase is down 3.9%. only half the drop. galaxy digital down over 7%. once again, those crypto stocks are not doing so well in line with that drop. let's dive deeper into coinbase. it was not so long ago where we did see the ipo. since then, we have not seen much progress. the question is, does coinbase improve assets or does bitcoin

become more apart of the mainstream media, and stream investments, or is the downturn something that is here to stay? emily: we will be talking about that all week. from the jokes surrounding dogecoin and tesla, elon musk said they did not sell their coin stock, meaning -- leading many to question how serious he is about it. the ceo spoke earlier with bloomberg about crypto volatility. take a look. >> bitcoin will be between 40 and 55,000 for the next chapter before a kind of builds up enough new momentum to take out the 55,000 and in the year much higher. >> how concerned are you about the short term volatility from elon musk? >> elon musk is an important figure in american business. certainly in the global retail crypto world he is an icon.

he was great for crypto when he was positive for bitcoin. he had caused some issues. when you take him at face value, what he says was he worried that bitcoin gets more and more electricity, it could have a negative impact on -- that is true for every industry. so i think you will see a response from this industry like you should see a response from every industry to say, in this gap, before all electricity is green, i think it seven or eight years away, we should do something to offset our footprints, and that's in banking, crypto, tech, industrial. >> is it problematic that one of the hottest currencies as a joke and that elon musk, who is this face of it all is essentially whipping people into that one and sort of multiplying the jokes. you have other people talking about other jokes and does it

make it harder to make the case that this is a serious industry? >> yes is the answer. i don't want to discredit the doge community or any of these communities. what you are seeing is a response against the monetary policy of the u.s. in the world, and the frustration people have had with this system. in this young generation who said we can band together and create our own way of investing. we tried to steer our clients away from projects that we don't think have long-term sustainability, but it proves something that communities can band together. the world has become tribal. that's not necessarily a good thing. if you go on crypto twitter you can see how tribal it has gotten. one of my buddies made negative doge, and he got six death threats. that's not good. but i do think, let's not --

with the trees. there is a huge revolution going on lead by serious people who are trying to read though the national market infrastructure. emily: ceo of galaxy partners. we will continue to follow a happened with crypto throughout the week. meantime, it is week three of the high-stakes courtroom battle between apple and epic games. this week it's apple's turn to prove it is not an antitrust violator with expectations that the tech giant will bring in its most powerful spokesperson, that is tim cook, to testify. mark gurman has a latest. where are we with this trial? mark: we are in the final week of the trial. today we heard the former see -- former vp of senior marketing and now an apple fellow in charge of the app store testifying to apple's business practices, why the app store operates the way it does, and its interactions with

developers. we have gotten a few interesting staff about how the app store is run. that there are 200 total million apps. how much it cost them to run their annual development. emily: talk to us about the cases that have been made so far. it sounds like you have come out feeling like epic has not really proven its case. mark: i'm not a lawyer or anything, but i have been listening into most of the trial on a daily basis, and i have simply not heard any compelling arguments or a seriously compelling argument for how apple is doing something, not necessarily wrong, but how it's hurting offers on all levels. you have heard microsoft testify, nvidia testified. i don't think epic has wrought smoking guns to the table about apple purposely trying to crush developers. personally i think apples fees

are high for the year 2021, given the economies of scale may be 30% where there were very few apps on the store. now that 30% is generating 20 billion in profit per year and spread out across 2 million apps. that 30% is worth more to apple than it was way back in the day. i think that needs to change. and they echoed that when apple launched its program for the fees to generate under per million a year from 30% to 15%. he argued for it to be below 50%. i think it's something apple recognizes in some respect. regardless of opinions or regardless how bad epic stinks apple behaves, there is a contract at stake. the first thing you need to know about the legal state is that if all parties have signed it and there is no contractual issues, it is pretty hard to argue with that piece of paper with signatures. and that's what apple has with epic at this point. emily: epic's ceo tim sweeney

was the first to testify. we are expecting tim cook to testify possibly before the end of the week. what do you expect to hear from tim cook, based on what he has already said in statements that apple has made about this? mark: i did not think tim sweeney's testimony at the beginning of the trial was particularly effective. it sounds like he had not fully woken up yet that morning. he was also first to speak, so he was the first person that the judge heard from. whereas, tim cook will not only be apples closer, very likely the closer for the trial. he will be the last person to speak unless there is some procedural sub tacked on the end. the last message that the judge will be left with is the message from tim cook. and what you will hear is how the app store has benefited the economy, how much money the app store makes. you could expect to see tim cook

play up the valued aspect or how it generates money for the greater economy as he normally does, stepping away from whether or not apples practices are an antitrust violation or not. emily: much more to come. we will be following it every step of the way this week as the trial continues and concludes. bloomberg's mark gurman, thank you for your help. coming up, like many tech companies, salesforce is preparing for the return to the office after some of its employees were stepping fully inside the building for the very first time. we are going to hear from salesforce copresident and coo brett taylor, next. this is bloomberg. ♪

emily: when it comes to working from the office and working from home, companies are taking different approaches. monday, jp morgan reopened its offices across the states. tech companies seem to be all over the map when it comes to the directions they will take. some companies like jp morgan are preparing for companies to return to campuses, others say they can continue working from home. others are figuring it out later. as part of our segment, i caught up with salesforce copresident and chief operating officer to talk about what the future of work would look like. bret: i think the future of the work is flexible. whether you are trying to find a lower-cost place to live outside of his city, or your parents, like you are and i'm, enjoy

those afternoons with our children. i think the expectation right now from every single employee at salesforce is some flexibility. we don't know what the future looks like, but we know the aspects of this year has transformed our commute, it has given us more time with our family. on the other hand, i think people are really sick of their offices. we surveyed our employees and in the early stages of the pandemic, no one coming into the office is well above 75%. people want that connection. we are reopening salesforce tower in a week. we are starting off with a small group of vaccinating people who are raising their hand to volunteer, but i'm hopeful we will open this up more gradually looking forward. without question, it will change the way we think about real estate and higher. we are hiring from around the world because i think we can. but i think our creative teams are in the same place. there is the casual conversation you get in the hallway that is

hard to reproduce. i think when i look forward, the people in the offices feel it's probably too simple. you say, how do you re-create a culture that is simple? i joke that flexible work is in big. individual decision is a team decision. i think there will be a lot of software that helps companies go back to the office and flexible ways. and i also think we have to see where people's expectations are in the other side of the pandemic. i think it's hard to predict. emily: even my children are familiar with the salesforce tower. it is san francisco's largest, private employer. how are you thinking about it given that many people have left the city and don't want to come back to the city. do they all have to be in california or the bay area? bret: i am really excited about the bay area. i'm excited about all of our hubs, seattle, new york, all of

the cities will continue to be important for salesforce. as an oakland native, i am never leaving the bay area, i love it. but you bring up a great point. i think we can recruit from more places. when i look at what is flexible work for forward leaning companies, as things like can you drive greater quality and representation to your employer-based because you don't need to recruit from one metro area, you can recruit from areas with more diverse workforces. can you find more challenges for people who might not have had the means to move to places like san francisco. i don't look at the expense of san francisco, we are investing in our hq and we are a company through and through, but i think what we are looking at is how can we create a more powerful and more exclusive and talented -- inclusive and talented place. i think it's really exciting. emily: it has been speculated that you are -- with the ceo job

at salesforce? bret: i cannot comment, but just a couple of weeks after i sold my company and came to salesforce, i can't say i imagine sitting in this chair as coo. it has been the most fun time of my career. in my relationship with mark, which is amazing, but also just being up this company right now. to be able to provide digital technology to so many companies who absolutely need a right now is the most privileged position i could be in. both as a designer of software, but someone who has build great relationships with customers. i am really happy. we cannot comment on the rumor, but i am happy with the job i'm at right now. emily: we shall see, salesforce ceo there. you can catch the full interview at bloomberg.com. in the world of big tap -- big tech next, amazon is under five

-- fire after an employee testified he -- opening a box in a union election. joining us now is bloomberg spencer sofer. what happened? spencer: you guys remember that union election in alabama and the union lost, workers voted overwhelmingly against forming a union. but the retail wholesale department store union that organizes campaign is accusing amazon of all kinds of misconduct around the election to try to overturn the results. in this mailbox that was installed right when the election began has really emerged as a central figure in this. in the union is making allegations that even the mere presence of this mailbox under the surveillance of amazon security cameras, coupled with a lot of encouragement from amazon managers to utilize the mailbox to vote could constitute an

atmosphere of surveillance. and that is not a good thing in a union election. you are not supposed to have that. emily: has amazon responded to this particular part of this particular allegation? spencer: in terms of the mailbox, they said they wanted to increase turnout. ordinarily, these types of elections would happen at the workplace in person. people go to work and vote in person. but because of covid, that was changed to a male in election. and generally, male and -- mail and elections have a lower turnout. so amazon said that it wanted this mailbox to make it easier for employees to vote, but it has made things complicated in terms of -- and made it easier for the union to attempt to meet this threshold of a perception of surveillance since this thing was near the front door of this facility where there is security cameras everywhere. emily: talk to us about the

status of this hearing. obviously it is a very complicated situation. we know that amazon one that union vote fairly overwhelmingly. what is the dispute? spencer: we should remember that there were hundreds of ballots that were set aside or contested that have not been opened or counted because, as a result of the vote count those 500 ballots would not have counted either way. but the national labor relations board that has conducted the hearing wants to know was this a fair election. and if they make the determination that there was a perception of surveillance that could have limited turnout or coerced employees to vote a particular way, that could force another election, a do over, so to speak. so this is a big deal. the hearing continued today, it just wrapped before you guys

called me. still, they are talking about this mailbox, who had keys to it, why did they have keys to it, and it's still pretty mysterious. there is still a lot of open questions that they are trying to get to the bottom of in this hearing. emily: when are we going to get an answer, and depending on what the answer is, what's next? spencer: the hearing will likely wrap this week. i think the hearing officer was hopeful that they would have all the testimony and everything completed this week. the union completed interviewing its witnesses today an hour onto the amazon side of the hearing with amazon presenting its witnesses. so if they do conclude taking over the testimony this week, they will have to wait for the hearing officer to make a recommendation and rule. and i'm not exactly sure how long that will take, but we should have something in coming weeks. some indication of whether this vote result is going to stand, or if it could be forced to a

remote. emily: spencer soper all over the hearing. thank you for the update. coming up, a sneak peek at my studio 1.0 interview. as the chip shortage continues to be a major disruption to market trends. more on that next. this is bloomberg. ♪

lisa: i don't remember a time in this industry where it has not been competitive. what i will say is i'm really, really pleased with what we have been able to accomplish. it's fun to be able to say that we have really driven the direction of computing in the industry.

it's fun to be able to say that. if i look at some of the things we have done over the last five years, we have really changed what people expect from high-performance computing. i would say it is a competitive world and we are going to be very competitive in the process. emily: part of my recent conversation there with amd ceo lisa su. she has been at the helm of the company since 2014. since that time it has gone only in one direction, that is up. we will have more on her a or ship style competition in the chip industry, and the chip shortage this wednesday. she is my next guest on bloomberg studio 1.0 at 9:30 p.m. eastern time. the chip shortage is one of three tech trends we are seeing play out big time in the market. here is the rundown. >> this is market bytes. before we give you three things

to think about when it comes to markets. this week it's about the chip shortage, tech bondage and china's e-commerce. chip shortage, the world is running out of computer chips. why? that's because of a demand during the stay-at-home era followed by a ramp up and orders do to, and a cold snap in texas, which is contributed to computer chips. the effects are being felt by makers of cars and game consoles and is increasing the world's large -- reliance on chip shortages. taiwan semiconductor and samsung. tech bondage. amazon is borrowing $18.5 billion of debt that it does not need. why? because of superlow rates. amazon joins apple and oracle and taking advantage of the lowest borrowing costs in three years, relative to treasury. and they put their money to

work. some of it will go to green and social projects according to bond documents. bytedance wants to show it is not just about tiktok. it is battling alibaba for a share of china's e-commerce market which is worth $1.7 trillion. it is doing this by hiring staff and bringing in sponsors to sell projects through short videos and live streams. it's after it sold $26 billion last year. that's it for this week's market bytes. for more content like this, make sure to follow us on your favorite platform. emily: that does it for this addition of bloomberg technology. tomorrow on the show we have the cofounder of pandora. he will talk about his next big bet in the music industry, and where he thinks music streaming goes next. things for joining us, i'm emily

chang, this is bloomberg. -- thanks for joining us, i'm emily chang. this is bloomberg. ♪

haidi: good morning and welcome to "daybreak: australia." i am haidi stroud-watts in sitting. we are counting down to asia's major market opens. shery: good evening from bloomberg world headquarters, and shery ahn. the top stories. the biden administration agrees to covert shots for the first time. the president says the u.s. will be the world's vaccine arsenal sharing at least 20 million doses by the end of june. haidi: