paul kedrosky is with us from san diego. paul, the visual of the oculus on your face is so powerful, but it does not exactly look like a social product. what is your take on this? >> i think a bunch of things are going on. it is the emergence of a virtual world as a new environment for interacting with social. the other is i have to imagine this was hotly competitive. when facebook spends what seems like an eye-bleed amount of money, it is probably because a lot of people were bidding eye-bleed minus a little bit. oculus is getting a huge amount of attention because of the demos and the impression that someone cracked the knot and did it in a way that it is not a novelty. the idea of vr has been around for 25 years. >> is this different from other game makers over the years who have tried things like this? >> yes. what you're seeing is the technology is there right now. the machines are powerful enough. the equipment -- you can do positional tracking. it is much more in the picture. it is smoother, more reactive. you feel par

the competitor cannot compete. >> paul kedrosky, thank you. we will continue to follow air b&b of course. coming up is our special guest host, max levchin. ♪ >> i am here in the studio with cory johnson. we have a special show today. we have a special guest host, max levchin. he has an incredibly impressive bio. he is the cofounder of paypal and the chairman of yelp. he is also the founder and president of hvf. >> it is a struggle to keep up. >> how do you keep track of it all? >> it is primarily adhd. [laughter] >> how involved are you in all of these things? >> it really varies. i am a firm believer in a narrow focus. i realize that there are different kinds of focus that i enjoy and need to have in my life to enjoy. glow is pure joy. it is a good for humanity project. being part of that makes me wake up and sing. it is my regular job. hvf is where i go to brainstorm. i can think about mining asteroids for gold or whatever. >> intellectual oasis. we will talk about that later in the show. >> do you think your work on something in been you ta

i want to bring in paul kedrosky. and take a listen to things he said. the people he called firefighters. >> the nsa is a massive surveillance surveilling not just the u.s. but all countries. it is the future of the internet. the people in this room now, you guys are the firefighters. we need you to help us. >> paul, what to do you think of edward snowden putting a burden of responsibility on the people building companies, now to start building secure products first? not just user-friendly but secure? >> i think it is important. the last decade or two decades in technology, you cannot rely on users to figure out how to pick up after themselves when it comes to security. we saw that with this security protocol and logging on that people have to be forced to adopt these technologies piece by piece. at any time there's a chink in the armor, you have to train people to be more prudent. >> isn't the other side of the message is there are business opportunities for entrepreneur to create systems more secure on behalf of people whose real value is their ability

we are launching something completely new. >> that was paul kedrosky and ali rosenthal. still to come, more from mobile world congress. ginni rometty speaks at a critical time. we'll have a roundtable. ♪ >> i am emily chang. it is a crucial time for ibm, the biggest service company after employee headcount dropped last year for the first of in a decade. that they're looking to rein in costs in hope of meeting profit goals. the ceo, ginni rometty, spoke about the changes. take a listen. >> any company has to go through transitions. we are 102 years old. what we started out doing, it is not what we do today. you go through the transition to be any age, of course to go through transition. i think that applies to anybody. >> moderating the panel was david kirkpatrick who joined us after the event alongside alex and began by asking david and what was the biggest take away from the interview. >> i think she has the right vision of the right changes, data, cloud, and engagement which others would call social. these changes are happening. ibm realizes, she has a giant aircraft t

. >> for more now, cory johnson and i spoke to paul kedrosky as mr. as former ceo executive rosenthal. i asked him if it was worth more than $19 billion. at oneoes groaned million users a day. 72% daily active users. people are getting on the service talking about the things they are interested in. there are real value to that weather in $19 billion or $25 billion, appropriately, i do not know. >> how difficult it is for an app like this to hit the mainstream and stay there was that i had a guest last week who said he does not know what he will be using on his phone for five years. if that is the case, why is it worth it? >> if you look back to when i started in 2009, the first cross-platform over the messenger to emerge, they owned. emerging markets, markets outside of the u.s. are growing like crazy. for the past four or five years, they have been building. it is not going to go away overnight. the numbers show quite the opposite. think this platform in particular is an amazing one. the numbers speak for themselves. >> what is interesting is not how