want to know what's the near term for this company. >> all right those results after the bell josh lipton, thank you for teeing that up for us. in the meantime david, that was a very big show. >> big show. >> we're done here "techcheck" starts right now ♪ good wednesday morning welcome to "techcheck. i'm carl quintanilla with jon fortt and deirdre bosa what a morning microsoft and alphabet, blowout quarter, two opposite ways as the s&p hits a record high we'll explain. we'll break down pinterest and their results this quarter and later, two more coming after the bell tonight, we'll tell you what to expect from both facebook and apple >> qualcomm coming after the bell i'll be watching that.

now check out shares of shopify, sold off for the last two weeks but recovering all of that after strong results this morning. president harley finkelstein is going to join us on that as well then there's shopify, tanking at the open, trying to rebound after the current quarter's operating loss range fell below the street's forecast. more on all of those throughout this hour. jon, top of the feed today, where is the growth story in big tech microsoft and alphabet both out with huge beats. microsoft, $41.7 billion in revenue, up 19% year off year. alphabet, $55 billion, up 34% year over year investors are looking for the next growth story, like youtube. for alphabet, that business seeing a growth rate of 49%, google cloud up 46% year over year and for microsoft take a look at its cloud revenue, azure

up 50%, xbox 50% teams, that product now has 145 million daily active users, which, guys, brings us to apple, earnings out tonight and could that be the reason that the stock is basically flat year to date jon, where is the growth story here isn't it supposed to be services that brand new m-1 chip or is that already baked in? >> we've been asking where is the growth in apple for a while now and the stock price certainly keeps growing. i'm going to be interested, carl, in the conversation today around reading forward what we learned last night into what we're going to learn for the rest of the week yes, we've got facebook and apple tonight. there's some things to read through from microsoft into apple, i think, and from alphabet into facebook and then we've already got microsoft with the cloud numbers, some cloud numbers from google as well amazon is the big one in the cloud space, that's coming up in

just a few hours, not today, but this week. >> yep morgan stanley today on microsoft, jon, said the quarter had its puts and takes, as they said, but commercial bookings up 39 that's the best we've seen in five years and say it illustrates the degree to which microsoft has a solid handle on the corporate i.t. wallet. today's share action notwithstanding. p. >> yeah. deirdre, let's take it from here and dive into both microsoft and alphabet ranjan roy is half of the duo behind the substack newsletter "margins" former trader at bank of america we talked about the cloud and i kind of want to talk about more personal computing when it comes to microsoft because windows revenue for the oem business beat consensus i think maybe we can read through some of that, at least consumer demand, might shed some light on apple, right?

>> yeah. i mean i think we need to take a step back and think about how the entire market has been operating like we're at a buffet and just piling anything on to our plates industrials, big tech, small cap, but i think this is a pivotal week even how we are talking about how two major beats are actually diverging, you know, what is the actual future of growth here i think this is exactly what we need to be looking at and personal computing, oem devices, as you're talking about, jon, microsoft has to build things. microsoft, their revenue is still not operating at the insane margins that alphabet is because they are building physical things. the operating margins of alphabet from yesterday's results, 29.7% off of growth off 34%. the most incredible part to me was, alphabet grew their revenue

34% year on year they only increased head count 14%. that money is just magically, you know, exploding, and alphabet's biggest strategic challenge is almost how to hide all the money in cash and profitability oozing out of every corner of their business right now. >> is there a danger here of some of the ebay/amazon effect where early on when it came to consumer e-commerce, it looked like ebay had the better model because they weren't dealing with the physical stuff and look at all the money that amazon has got to spend while ebay is just spinning off cash. well, it was infrastructure that it turns out that was important to the future. could it be that you have one company that's building out some physical infrastructure that's going to be important to the cloud into the future and then another that's not >> yep i think that's a great point because microsoft, the acquisition of nuance, which will give them a major leap forward in the health care

space, using natural language processing and natural language understanding, that is raw infrastructure to build a major services business. that's not just digital advertising revenue and that's not adding and stuffing more ads into a youtube video and making us all hit skip ad twice, that's a real long-term business. i do agree in terms of where that eventual growth can come, again, the hardware businesses, a.i. services businesses, cloud services businesses, yes, that can matter, but any investor that looks at alphabet's numbers from yesterday and doesn't at least get a little bit of an appetite there for just, you know, how profitable and how well operationally executed every part of their business is, it's tough to look away from that and that's why the stock is up 5%. ranjan, good morning it's deirdre if we're looking ahead and we're looking for the next growth engine, to use your analogy of a

buffet, when you look at a company like amazon, there's no shortage of growth stories there, whether that's cloud advertising, groceries, its own hardware, what are you looking for? do you think investors want to see that growth engine beyond e-commerce which has seen incredible demand over the pandemic leaving cloud aside because that is a $10 billion plus business. >> yep i think cloud, the infrastructure side, everyone, you know, it's getting -- it's not quite mature, but it's moving in that direction cloud services, again, a.i. services, i think will be a huge part of a lot of these companies at growth engines. again, the other thing that's difficult to remember is, when you're $2 trillion market cap, finding growth isn't that easy but if they are to find it f they're to find brand new markets, it has to be in that a.i. services space, which is where, again, microsoft i think

the acquisitions they've been making, the way satya nadella has led the company, i think has really pushed them in a very strong direction the market doesn't appear to be seeing it that way, at least for today. >> ranjan, on alphabet, i wonder, you've already gone through so many of the blowout numbers. i see morgan stanley today says it might be the cleanest print we see all earnings season i mean just the metrics are amazing. how long can companies like this print these quarters and have this, you know, we're just another sort of run-of-the-mill tech company without really drawing the eye of regulators for whom i guess too big to fail or at least too big in general has become sort of a tabled conversation >> i mean, i think, as those numbers are announced, you have to imagine everyone in alphabet leadership on one side is a little bit excited the stock they know is going to pop. on the other side, is a little bit taking a deep breath and knowing now that eyes of the doj

antitrust, elizabeth warren, everyone will look a lot closer because, again, it's almost the ferociousness of these numbers of just how strong they are, makes it such a clear, you know, example of market power. again, i believe alphabet, it's a 30% of digital revenue globally i think 60% in terms of search i mean they are just incredibly dominant even youtube for everyone sitting there who am sure uses youtube, watching the ad load, how basically there's no other video hosting platform that competes in the same type of way, so the ads can be stuffed in endlessly and their youtube revenue doubled from $3 billion to $6 billion, there's nowhere else togo. especially as the economy reopens, alphabet is much, much better positioned than everyone else because they have the kind of like, you know, we're at home, work-from-home digital

life, but also every travel agency, every type of thing that will be consuming tickets will pay the alphabet tax. >> let's slice growth a different way. there are a lot of ways you can get there. there's top-line growth where you're just growing based on the same model we've seen plenty of that from some of these names over the year then there's the vertical integration type growth. we see apple and amazon doing more of this apple making its own m-1 chips for macs and ipad. pros, amazon, making more of its own chips for the cloud that can drive both profit growth and efficiency that allows you to get more market share. then m&a, you alluded that to microsoft, they bought nuance, we had satya nadella on cnbc on the day "techcheck" launched talk about that. not everybody can do m&a because they're so big and eyes are on them, but which of those top-line vertical integration or

m&a do you think is going to be most effective going forward >> i think m&a in a normal time or at least in a pre-current doj and antitrust environment time, would be the most important thing and i think that's why microsoft is taking advantage of the fact that they're still considered a friendly company. i think maybe it's because their products are more enterprise and the average consumer doesn't feel that kind of ire we do towards facebook or alphabet or youtube, they're taking advantage of it. they bought the company that owns a video game franchise on the gaming side, nuance, they were trying to buy discord they are quietly going after every network product out there and even though they already have linkedin and all these other massive like networks at their disposal, so, yeah, i think they're showing us that m&a is the ticket to actually getting to that next phase of growth and that's something, again, google is sitting on or

alphabet is sitting on $121 billion of cash, but they can't really do even a $2 billion fitbit acquisition was checked by the doj it passed, but it was still reviewed they can't go out and buy whoever they want. >> yeah. yeah i mean, $50 billion buyback. that brings me to my last question and that is, cap x which came in a little lower than the street expected over at alphabet and now people are wondering, okay, how long can capex be suppressed since real estate, according to some, is about a fifth of their capex budget and if we are in a hybrid office model now, those are going to be momentum savings they will have to spend somewhere. >> alphabet basically was trying to justify why capex was stable and why they're not reinvesting into whatever it is more cloud centers or anything by saying that they're actually saving money on growth and business

travel and other kind of like general administrative expenses, so, yeah, where to put all that money is the biggest question. i mean i think it really makes for an interesting case for a stock that's up 5% today, you know, where is it going to go? as long as you can keep churning the search, you know, the youtube revenue, all of this, it seems like a good play in terms of the big platforms, i'm not sure where they go next. >> ranjan, i asked alphabet's ceo last night if they would think about increasing their capital return program and she said basically don't hold your breath they're still going to invest it back into the business thank you for being with us today. we hope you will join us again soon. >> thank you for having me. new today, netflix's introducing a play something button if you can't decide what to watch, i'm often in that category, it will instantly start a series or a film based

on what you have watched before. that brings us to today's crowd source, something we learned from alphabet's earnings last night, youtube revenue is on pace to be the same as netflix so, what would youtube be valued at as a standalone company i hear carl laughing more than netflix, less? tell us, head to twitter or scan the qr code on the bottom left of your screen later in the hour we will show you some of the best answers jon? >> yeah. that's great work by the booth, that graphic on netflix and youtube revenue. nice job, guys. when we come back, the president of shopify, we're going to dig down what happened to pinterest's quarter and what to expect from facebook and apple tonight ahead on "techcheck."

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so, break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings. or visit and xfinity store to learn how our switch squad makes it easy to switch and save hundreds. . welcome back amd, shares were up. the chipmaker saw revenue rise by 93% year over year led by the

performance in computing, graphics, enterprise ceo lisa sue saying the company has good visibility into securing additional manufacturing partners, raising full-year guidance the stock has been on a tear over the last five years, up well over 2,000% i don't even know what that is it's lot of xs, but it's up. carl >> jon, shares of shopify jumping about 10% here going to take you back to the early part of march as the quarter has better than expected earnings and revenue benefitting from the online shopping joining us president harley finkelstein. welcome back great to have you. >> carl, great to be here. thanks for having me. >> amazing metrics gmv, take rates, total revenue, solutions, i guess the question is, how much should viewers think this is all tied to some of the stimulus checks that have driven all kinds of spending >> let's be clear, we only

succeed at shopify when our merchants succeed and our latest earrings demonstrate more people are becoming entrepreneurs and those businesses are growing in 2020, an entrepreneur on shopify made their first sale every 28 seconds on average. that's up nearly every minute in 2019 shopify is a proxy for modern brands and entrepreneurs and power about 1.7 million of them. those merchants using shopify in q1 sold about $37 billion in the quarter, up 114% year on year and that resulted in shopify seeing $988 million in revenue which is about 110% increase year over year for every dollar, our merchants are generating 40. it's becoming clear to your point, small businesses are really the rebuilders of this economy and that's something we're excited about. we're this rare breed in that we were a pandemic story, transitioning to be a global recovery story as companies

opening up and we see growth continuing >> so you're not necessarily trying to communicate or translate to investors the idea that this -- we might be in the middle of a spending boom, that we might be in the middle of what the macro strategy argue peak economic growth >> take australia and new zealand, they're not an exact proxy fort rest of the world but in those places, we are not seeing slow down in terms of consumers buying from our merchants. online in those countries remain elevated after the opening we think in many ways the consumer preferences that have shifted through covid will remain long after covid. whether that's the fact that consumers want to buy direct from independent brands or go with wallets to support brands they believe in, but that center of gravity in retail moving from brick and mortar to online will be permanent long after the pandemic is over >> harley, good morning. i know that at shopify, you guys

have been adding more services, logistics, things to help smaller merchants compete and have choice in the overall marketplace. tell me what you think is going to extend this digital momentum as we recover from the pandemic? yesterday we had adobe's ceo on talking about the partnership with fedex for faster shipping with shop runner they told us that's an important increasing trend are things like better shipping, better logistics and buy now, pay later going to help the consumer continue along this digital momentum >> hey, jon, thanks for that question i think shopify is really a retail operating system. i think we're best known for e-commerce, but we're the system behind your favorite brands. as i mentioned we succeed when our merchants succeed. whether it's the fact that shopify capital has given $2 billion funding to small businesses or its fulfillment network or shipping or shopify

balance which we think can make cash management easier, what we're trying to do is reduce the barrier for success all over the world and doing that by introducing more features. to do that, we actually have to help all those get reduced right now, if you talk to the 1.7 million merchants on shopify they will tell you we are the most important piece of software they're using and that is important. one other point worth pointing out, we wanted to measure what the global economic activity was from the shopify economy we call it the shopify effect. we actually now know that the economic activity across all our merchants on shopify was about $307 billion last year which means that nobly, shopify merchants have created 3.6 million jobs which would make them the largest workforce in the world. that's the type of stuff we're monitoring to see what is the effect of democratizing

entrepreneurship. >> the economic impact harley, shopify has emerged as a key part of that direct to consumer model, and we may be on the cusp of a list of compacompanies filing do you think the pandemic and digital transformation will make investors more receptive to these kinds of models versus about a year ago when we saw casper had a disappointing ipo do you think the ipos have changed? >> if you look at direct to consumer you're seeing a return to how commerce should have been, where the maker and brand connects with the consumer 200 years ago you bought bread from the baker and shoes from the cobbler. the reason that was impossible for so long, there was a massive intermediation and with it being taken away and the internet democratizing distribution, now you have brands like beyond and

rothy becoming category leader we talk about some of those brands but one thing that's interesting is that i mentioned this on the earnings call this morning, from lego to lord & taylor, heinz to hallmark we're seeing established brands come to shopify to create a direct-to-consumer business model which they never had before i think all that is leading to consumers deciding direct-to-consumer is a better way to purchase when buying from independent brands >> harley, one last question sort of off the topic of the company itself, i hope you don't mind, but you're thoughtful about this stuff, we're going to hear about taxes tonight at the presidential address, specifically capital gains and a big debate has been whether or not that's truly going to stifel or inhibit innovation and entrepreneurialism do you think you would have been less entrepreneurial or innovative had rates been higher in the past? >> in the early days of any company getting built you don't

have a lot of money to pay salaries and you provide options. the tax rate on those options and rsus determine whether or not that early person, that early employee that you bring on is going to have a windfall. i know you've had people on your show that say if you raise capital gains more people will go to more employment income at the big companies. i think there is a way to have a proper tax system whereby it incentivizes the creation of new business but also is fair. i hope we will see that, certainly that's my hope >> we'll see what kind of policy can be hammered out over the longer term. thanks so much great to see you. >> thank you so much great to sea you as well check out shares of pinterest. they are plunging. it's the flip side of the pandemic pull forward after this break. and later, mark zuckerberg has an explanation for this sunscreen photo and it's a good one. "techcheck" will be right back what happens when we welcome change?

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welcome back to "techcheck." i'm jon fortt with carl quintanilla and deirdre bosa and julia boorstin with us a busy day as tech opens up the books. alphabet up 5% after earnings. microsoft down 3%. other f.a.a.n.g. names holding up facebook up 2% after its report after the bell visa is up 2% on the back of earnings as well a lot of movers to get to. first, it's time for a news update rahel solomon has it. >> boeing shares are helping to drive the decline of the dow industrials, even as the broader market is on the rise. jets were short of expectations and the ceo says that the 737 max situation is disappointing black and decker results beating estimates. sales shot up 48% over the last year thanks to demand from professionals and homebound

consumers. the family of the late samsung founder will pay taxes for his estate, one of the largest inheritance tax bills ever and donating his art collection to south korea and another $900 million to improve public health care and in wales, here's something a little different remote work being taken to new extremes a call center consultant set up his office on a cliff facing the irish sea. he says as long as he has a good internet connection and his laptop he has everything he needs to get his job done. i don't know that that would work for us. a little different i'll send it back to you. >> we should try it. >> i'm down. let's go we'll see how management likes that. >> we should try pinterest getting really crushed this morning down 13% now it's up only 240% in the last year. julia boorstin, i am on pins and needles to hear the explanation for how this fits into the

broader social ecosystem and what the downside here is. >> jon, you couldn't help yourself with that pun there pinterest, this is -- the stock is declining because pinterest warned of the downside of reopening the economy, saying that lockdowns probably pulled forward some user growth into 2020, particularly in the u.s. and saying that company has seen the easing of pandemic restrictions slowing monthly active user growth and lower engagement, predicting that u.s. users in the second quarter will be flat than with user a year earlier after the company did not grow its u.s. user base at all in the first quarter the majority of analysts are bullish after revenue grew faster than expected and pinterest guided to faster than expected 105% second quarter revenue growth the pandemic did prove a meaningful opportunity for the company to draw new advertisers. now half are small and mid-sized businesses showing its automated

advertising tools are working, as are new tools to drive e-commerce stifel writing, shopping will likely remain a driver of the overall business in the long term as management expects shopping engagement will be more resilient than overall engagement in a post-covid environment. mkm says pinterest has less downside exposure to apple's operating system change limiting ad targeting remember, pinterest has so much information on what we all want to buy based on our activity that that should mitigate the impact of people opting out of targeting. >> right julia, shouldn't facebook have that kind of information as well it's so interesting to hear the smaller companies, pinterest being one, nextdoor another, saying that they have information the ad technology to withstand this, why doesn't facebook >> i think the real difference is when people go to pinterest, they're usually looking to buy something. it's for planning. maybe now you're planning your next vacation or for me, i use

it to save recipes or to plan home decor things. if you go looking for throw pillows and searching throw pillows, pinterest knows what kind of throw pillow ads to show you and that's a kind of shopping intent, that there isn't as much on facebook because that's about connecting with friends, though there is some connecting with brands. it isn't the main activity the way it is on pinterest >> i hate to bring it up, but it is an under layer to all pinterest conversations, and that is the sort of low-level promotional type of ben silbermann. he's not the ceo that's going to go on twitter and call himself the doge father as elon musk did today. how much of that is at play? >> look, i tried to convince ben silbermann to do an interview with us. i think we will continue to push, ben, if you want to do an interview we would love to talk to you he's a quieter leader, isn't out doing the live events.

yesterday we had mark zuckerberg do a live instagram. he's trying to be head's down and build out the business so much of the business is not just about automated advertising for small and medium-sized businesses, but making shopping seamlessly hopefully we'll hear more from him. >> i'm not holding my breath to call himself the doge master or doge father. thank you so much. we will break down what went wrong for shopify this quarter that's up next later, the co-founder of basecamp joins us to explain why his company no longer allows politics talk at work. a debate that has been raging on twitter and comes to "techcheck" in just a few minutes.

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shopify shares hitting rewind this morning down big despite recording a smaller than expected loss and beating sales estimates. the music streamer announcing the launch of a podcast subscription service in an effort to attract creators

shopify won't charge an access fee until 2023 and even then it will only be 5%, far below rival apple. daniel joined us in the 9:00 a.m. hour to talk about the podcasting element. >> we have two totally different revenue streams for podcasters and music. the gross margin profile for podca podcasting obviously is a bit different. we're in the investing stage over time i expect them to be better than we have on the music side that's obviously going to contribute to a much better story over time for spoeg. shopify >> podcast engagement all-time high the obama and springstein podcast were number two. as for the shares, down 9% seems dramatic, but it's going to take you back only about a week. >> not bad apple likes to make money, you know it prices stuff to make money.

basecamp co-founder david hanson is next on that decision to ban political conversation and other types at work as well. trending on cnbc right now, tesla's $2.5 billion reserve of bitcoin. check that out and stay with us. we're back in two. don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. at cdw, we get these new ways of working you can act quickly. bring new threats. that's why we started an office commune. not a security concern around for 50 miles. unless you count the wolves. and all the llama milk you can drink. you know at cdw, we can design a security solution using hp elite devices with real-time threat intelligence to help protect your data from new threats, anywhere you work. anywhere? ring the bell thrice, we're going back to the office!

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basecamp causing an uproar

on twitter a blog post outlining a new rule which discourages societal and political discussions while using company accounts and platforms. for more on the decision we are joined by basecamp co-founder and ceo. david, thanks for being with us and explaining this further. i understand both sides of this, how such a policy can be constructive, but mandating such a policy seems to go against the entire point here. trying to make something that is inherently political, apolitical, how are you not creating a new kind of political culture with this? >> this is a political decision, if you will. the decision is that these kinds of discussions are really difficult and you should continue to have them, just not in our work spaces take those decisions and conversations to other channels. set set something up on signal or

whatsapp there are ways to have discussions on what's going on in society and the politics, but it doesn't have to be where we do our work. when you do have it at work, you very quickly create these very ten shus moments when you have, as we do, 57 employees who don't all share politics on everything, why would we put that against each other and create those sparks that are unlikely to resolve anything when these issues are not related to what we actually do at work. so that's the decision we've made and asked employees to move those conversations to other channels, their own channels, social media, wherever they engage with it, but the work spaces that we use to create the products that we do, we're going to say, we're not going to -- we're not going to have those conversations here >> i understand you guys didn't have a great experience with this, but some would argue they can be constructive and highlighting diversity and

equality i want to talk about the timing of this. this morning you did respond to casey newton's piece in "the verge" that revealed this new policy came less than two weeks after hr complaints were filed about you. i appreciate you gave more details, but your posts didn't address the connection and the timing between the complaints and the policy so can you understand how this policy looks like it was in response to those complaints >> it was a response to part of the threats that brought this on this was another example after several this year of contentious, acrimonious, public debates made on company stages where the entire company is involved that turned out poorly, and this was another example of that we sat back and thought, you know what, why are we doing this what are we resolving with the debates when employees end up hurling words at each other in a skin forum where the ceo then has to step in and say okay, we

can't continue this on these discussions are difficult. people have very different points of view on it that is good and it's fair and you should continue to have those discussions. they just don't have to happen at the work spaces if you were doing this in an office, i think it would be much clearer that if you go out to lunch with your coworkers, you can discuss politics and all sorts of things, it's sort of at work but away from work. if you spin around on your office chair in an open office and start these conversations in such a way that pulls in the entire company, i think most people would say, like, why are we doing this? why are we sitting in the office having these difficult conversations about societal politics and sparks are flying left and right is this an appropriate use of the office >> david, here's the part that i don't get. like, if this were about voting laws or who you voted for for president or things like that, makes more sense to me, yes, maybe the workplace isn't the place to have those

conversations. so much of what seems to have sparked this at basecamp is about your own policies and about corporate culture and it seems like this has the potential to have a chilling effect on employees talking about how you treat people who are different from the mainstream, even within basecamp that's different from talking politics that's not politics. that's basecamp culture. are you risking actually tamping down important cultural conversations about basecamp just because they're uncomfortable for you? >> i hope not. these things should always be addressable. the culture of basecamp, how we treat employees, the policies and practices that we have, these are all absolutely fair game for discussion. there areforums to have those discussions. we have a head of people ops who leads the initiatives that we do on that. not all of those discussions necessarily need to happen with the entire company some of them can

that is all good and fine. that's not the issues that brought this on. the particular thread that i discussed this morning was one where we spiraled from a discussion that was related to one thing to like in all the ways this could connect to genocide or it's related to colonial atrocities or other things that were unrelated to the merits of the initial issue, and it's when we go in those directions that we don't end up somewhere good employees should always have the right to question any policy that affects them at work, and those kinds of politics, if you will, were specifically carved out from the change in our etiquette on how to do this. >> so david, do you think that social conversations, any of them in the workplace, can be constructive or beneficial base case scenario, couldn't that trickle down to the way that your company treats

customers? why would you sort of take that away and that possibility because you've had a bad experience >> well, i think we have to separate here whether are we talking about the latest episode of "game of thrones" or are we talking about voting rights, for example, or -- >> i'm talking cultural and societal conversations, not "game of thrones." important conversations about diversity and culture. >> yep and some of those conversations are fine to have we had a number of conversations around societial and political issues that went in very unproductive places. no one ended up being better off after it we ended up essentially kind of pitting employees against each other on our workspaces. it's possible that those things can turn out well, and we've had example after example of it not turning out well when you see something at work that keeps not turning out well, it is your duty and responsibility to do something about that which is the other point to make

sheer, which is that employees at basecamp or any other company, it's not a unified block, at least in most cases on these issues there is a wide variety of opinions and political directions and we have had at basecamp a substantial number of employees say i'm deeply uncomfortable with where we're going and why is this happening at work? can i show up and do my job? rather than by force being pulled into these debates. i have a lot of sympathy for that too you should be able to opt in or out of these kinds of discussions, but you can't do that if it's happening in your workspace, with the whole company. you can do that if it's happening in a off channel employee group or having on twitter. you can choose not to open twitter. you can choose not to participate in voluntary groups. you can't choose not to be in our workspaces the employees who are feeling uncomfortable with those kinds of discussions need that opportunity as well.

>> well, david, we were never going to solve this debate, but we appreciate you coming on air and explaining what's really happened over the last few days in response to this policy co-founder o co-founder of basecamp dogecoin surging once again today, up almost 15% thanks in part to mark cuban and an appearance on "ellen" yesterday. you can find out what he said on cnbc.com, as the sec has delayed a decision on the bitcoin until june another tray, macro vision has been a favor on reddit, up 20% on real news progress on lidar. we are back in a moment.

funding secured. online health care company capsule doubling its total funds raised to date, securing $300 million in the latest round announced this morning the founder and ceo said this brings the company's valuation to more than a billion dollars, fuelling the expansion beyond pharmacy into making it a one-top shop for consumers capsule's goal is to reach many by 2021. i asked what he plans to do with the funds and keep up with giants like amazon who are entering the space take a listen. >> we built a product that is

valuable to hospitals and doctors and insurance companies and local governments, and what we're doing now with the new financing is building a digital health care system that works for everyone what that means is to have a single, simple, wholistic place where a consumer can access all of the needs they have in digital health we are doing that in partnership across the entire health care industry. >> we also talked about the pandemic's impact and microsoft's nuance acquisition hear the whole interview, a little over 15 minutes go to "techcheck's" twitter account or our linkedin page scan the qr code on the screen let's see. are we going to get the qr code? i don't see it yet anyway, linkedin, "techcheck" or the twitter account. >> you know where to find us we will post the qr code later meanwhile, what to expect tonight from facebook and apple. those companies going in different directions today plus, netflix versus youtube, that is, of course, today's crowd source "techcheck" returns after one

more quick break

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and facebook will both have earnings on the same night julia, what are you going to be watching >> well, not only will they have earnings on the same night, but for facebook the big question is how much apple's operating system change is going to really impact facebook's revenue, and the operating system just started rolling out on monday. we will be listening very carefully for indications of how many people they expect will opt in, opt out, how it could impact revenue growth two other areas i will be focusing on for facebook, one is the reopening, is it going to help or hurt the way it hurt pintrest we will see two different models there and see where facebook falls in that. the third is about the creator economy. zuckerberg has talked about offering new tools for creators to be able to make money from their fan base guys, it will be interesting to hear from facebook this afternoon. >> sure will now for our crowd source, we asked why youtube's valuation wouldn't be higher than

netflix's if they have about the same revenue, and crowd source isn't just on twitter. mike santoli is weighing in. mike, why? >> yeah, john, i guess i'm part of the crowd here. who is to say it isn't as big as netflix. we don't know what parts of alphabet are valued in which ways, about $225 billion is netflix's market cap now, about one-seventh of overall alphabet revenue -- overall market cap, rather youtube in the past quarter counted for 1/9th of alphabet's total. maybe we are giving credit for alphabet's credit. you don't get the necessary apples for apples comparison it is not the same business model it is advertising. youtube does not have 200 million credit card accounts in names around the world where they have a direct relationship with customers the way netflix does, guys. >> that's a great point, mike. the business models are very

different. what do investors' value more, that mostly ad-based business model or the billions of millions netflix spends on con tentd. we will see. it will be a good topic to watch. meantime, we are gearing up. we are in the middle of the busiest earning season apple and facebook after the bill "half time report" starts now. >> thanks. welcome to ""the halftime report". i'm scott wapner bracing for apple, reportings earnings after the bell. that stock underperforming this year is this the moment things turn around we debate apple along with the other big movers join joining me for the hour, kari firestone. jon najarian, john terranova good to see everybody. go to the wall we are negative across the board for the dow, s&p, russell, the yields, ten-year