emily: that was facebook cofounder chris hughes.g up, one of the fastest growing cloud and data software firms added a tech veteran. we will speak with rubric ceo and microsoft chair john thompson next. and a reminder -- all episodes of "bloomberg technology" are live streaming on twitter. check us out weekdays. this is bloomberg. ♪ . ♪ emily: will come back to the best of bloomberg technology, i'm emily chang. this companies has grown rapidly. it had unit for status last you with a billion-dollar plus valuation thanks to interest from investors like gridlock. john thompson just joined the force and is advising the company. we spoke with thompson as well as rubric ceo and cofounder. >> the way we built rubric was to connect to the cloud and have a single software fabric. this unique architecture has gone around the world into the largest enterprises. emily: you have seen 70 technological shifts. what stood out to u.s. special here? ipul: my sense is that there is an inflection point every seven years or so. and it wastered time. whe

emily: that was facebook cofounder chris hughes.g up, one of the fastest growing cloud and data software firms just added a tech veteran to its board. we will speak with rubrik ceo and microsoft chair john thompson next. and a reminder -- all episodes of "bloomberg technology" are live streaming on twitter. check us out weekdays. this is bloomberg. ♪ we use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com. ♪ emily: welcome back to the "best of bloomberg technology." i've emily chang. the data and cloud software company rubrik has grown rapidly since being launched in 2014. it hit unicorn status

emily: that was facebook cofounder chris hughes.f the fastest-growing clouded data software firms added a tech veteran. we will speak with rubric ceo and microsoft chair john thompson next. all episodes of bloomberg technology are live streaming on twitter. this is bloomberg. ♪ emily: welcome back to the "best of bloomberg technology." i've emily chang. the data in clout software company rubrik has grown rapidly since being launched in 2014. it hit unicorn status last year with a $1 billion plus valuation thanks to interest from investors. now it is picking up the momentum with the help of microsoft chair john thompson, who just joined the board and is advising the company. we spoke with rubrik ceo and cofounder. >> we built rubrik to have a single software fabric that goes from one premises to the cloud. this unique architecture has made rubrik into one of the largest enterprises for people that want to manage their data. emily: what stood out to you as special here? john: every 15 years or so there is an inflection point in every

. >> facebook cofounder chris was at the epicentre of the start of one of the biggest companies in theld. we caught up with hughes for a episode of bloomberg studio, and began a conversation on income ew book inequality called "fair shots", stores this week. >> the reason i lead you to it, my story is indicative of an unfairness at work in the american story today. three years worth of work can lead to half a billion in should give ards, people pause. particularly in a moment when wages have not budged in four years, creating jobs, part-time contingent flexible jobs. we talk a lot about robots in the future. coming apart and income ecalty is getting worse. be honest ant to about the unfairness at work, in a conversation about how guaranteed income could restore the american dream. just being devil's advocate, why should we listen a 1%er. >> i'm has a spokesperson for nyone but myself, i'm here to channel a lot of conversations that i have had over the past couple of years, and a lot of up with at i grew telling my that the american dream is on life support. you can't now, when find $40

facebook cofounder chris hughes was at the epicenter of the start of one of the biggest tech companiese world. since stepping away from facebook, he has become increasingly aware of wealth inequality of the united states. we caught up with him for a future episode of "studio 1.0" and talked about his new book on income inequality. take a listen. >> the reason that led me to it is i do think that my story is indicative of an unfairness at work in the american economy today. that three years worth of work $500 million and financial rewards should give people cause, particularly in a moment when median wages have not bunched in 40 years and we have not created full-time jobs and a decade. we create part-time contingent flexible jobs. we talk a lot about robots in the future. work has come apart and income inequality is only getting worse, so i think it is important to be honest about the unfairness at work in order to usher us into a conversation about how guaranteed income could restore the american dream. emily: just being devils advocate, why should we listen nter?1% or -- one-perce >>

emily: that was facebook cofounder chris use -- chris hughes.c ceoak with and microsoft chair john thompson next. all episodes of bloomberg technology are live streaming on twitter. this is bloomberg. ♪ to the "beste back of bloomberg technology." rubrik has grown rapidly since being launched in 2014. it hit unicorn status last year and still interest from investors. now it is picking up the momentum with the help of microsoft chair john thompson, who is advising company. we spoke with rubrik ceo and cofounder. we built rubrik to have a single software fabric that goes from one premises to the cloud. this unique architecture has made rubrik into one of the largest enterprises for people that want to manage their data. emily: what stood out to you as special here? john: every 15 years or so there is an inflection point in every segment of our industry. no innovation had ever entered this particular segment for the last 20 years, so my view was it was time. when i got introduced to him, i thought why not make an investment into him? it is time for

the cash giveaways being privately funded, nonprofit spearheaded by facebook's cofounder chris hughesllion. critics say pay should be earned and take out basic income is still welfare. some economists say giving out free money could be a disincentive to work. >> people want to be engaged and be productive but they need to have a reason to want to get up and go out and earn a living. >> that has been tough here. in 2012, stockton became the largest city to declare bankruptcy. it is in the black now but one in 5 residents is a statistically poor and lags behind the nation in median household income and jobless rates. >> i was okay. >> financially strapped after being hit by a car, alex says an extra $500 a month would motivate him. >> going for myself. >> $500 a month may not sound like a lot but in a city with medium household income $46,000 a year far below state or national average, $6000 a year does seem significant. the program is set to begin this fall. in stockton, california, fox news. >> we want to know what you think. is this a good way to give struggling families a boost or w

and on profit spearheaded by facebook cofounder chris hughes has committed $1 million.ven so, critics say pay should be earned them. out basic income is still welfare. some economists are giving out free money could be eight disincentive to work. >> people want to be engaged, want to do productive things but they need to have the reason to want to get up and go out and ernie living. >> reporter: that has been tough here. in 2012 stockton became the largest city in america to declare bankruptcy. it is in the black now but one in five residents is statistically poor. it lags behind the nation in median household income and jobless rates. spoke before i got my accident -- got in my accident i was okay. >> reporter: financially strapped after being hit by car, alex is an extra $500 per month would motivate him.>> to get things going for myself. >> reporter: $500 per month may not sound like a lot but any city where the median household income is $46,000 per year, far below the state or national average, and an extra $6000 per year seems significant. the program is set to be

. >> here's a look at some books being published this week facebook cofounder chris hughes shares hispbringing and argues that the 1% has a responsibility for the economically impoverished in fair shot. major scott details how to his marine regiment survived the deadly a city in iraq. and it's better than it looks, greg easterbrook explores the political and environmental issues impacting our globe. also this week, feminist brittany cooper provides analysis of the role of women. [inaudible] educated as tara westover's expense growing up uneducated. best-selling author looks at innovations that are preparing men to mankind for space exploration in his latest book the future of humanity. award-winning journalist reports on the growth of the white national movement in america and everything you love will burn. look for these titles and bookstores this coming week and watch for many of the authors in the near future on book tv on c-span2. >> the national book critics circle comprised of literary critics, authors and members of the book publishing industry recently announced its finalist f

facebook. among the cofounders with mark zuckerberg was his roommate, chris hughes, a scholarship student from sma town in south carolina. he worked there three years before leaving. in 2012 facebook went public, raising $104 billion, chris hughes earned half a billion in hughes wants to help wealthy americans who are struggling. since 1995 the income gap between the top 1% and bottom 50% continues to climb. at the end of 2017, the federal reserve found the top 1% of americans hold 39% of the country's wealth. to help reduce income inequality, zuckerberg is among technology leaders proposing a universal basic income, $1,000 a month for everyone providedut hughes has a slightly different idea. he says caregivers, students, and part-time employees who are working but falling behind deserve financial stability. his proposal, a guaranteed income of $500 a month, every month, for working americans and families earning less than $50,000 a year. who would pay for it? the 1%. so, is this a good idea, or a pie in the sky dream? chris hughes is the author of "fair shot: rethinking inequality and how we e