i think airbnb has been about that.took uber a lot time for travis to say i need help as a leader and i will get that help. the biggest lesson would be get the help the way brian chesky got help, interview and sit down, you have access to the top names too, sit down with them and ask what i can do better, how come this is happening, break it down, is it me? obviously it is, he should go get it. we will wait and see. it is top to bottom, has to be everywhere and you can't -- when they hired the guy from target, we will tell stories. you can't just hire someone -- he left but you can't just say you are going to do these things, you have to really believe it and uber really believes it can win and that is what we are seeing. it is winning, it is done, a tremendous amount, during my book deadline i spent a lot of time at uber, you push a button and the car will come. it is all -- everything is at stake because of these other things. >> who else has a question? yes? tony? >> more of a 30,000 foot question, your experience, m

just search airbnb.d if you hav problem you need help solving, go to the nbc washington.com/responds. >> wow. >> i know. they grew fast, for sure. but the guy that we spoke to from airbnb, whom you saw there, was, listen, we got it. we're on it. they're trying to fix these things as they go along. >> wow, great work, susan. >> thank you. >>> turning to the weather. so just how high was that pollen count today? >> it was high enough to give me a little migraine, sinus thingy when i woke up. i slept with the windows open to hear the rain falling. >> do it all the time. >> yeah, the car got a nice fresh coating of the pollen. it's still with us. so if you suffer from the allergies, just stay inside. the wind has been sort of whipping the pollen around and swirling it in the air. you can see the potomac river there at national harbor, a bit of a shop as the wind is 30 miles an hour. sunshine with clouds. you'll need a jacket tomorrow morning. short sleeves tomorrow afternoon. sunglasses and no umbrella. we'r

airbnb and home away sued in federal court to stop the law. the judge ruled in favor of san francisco, but also said there were serious questions about how airbnb or any platform could ensure their hosts are registered. >> under the agreement, hosts will go to register their short term rental with the city, obtain a business license and pay the required fee all through the airbnb platform. >> reporter: airbnb is still on the hook. [ indiscernible ] is advocates for the regulation of short term rentals. >> airbnb is going to bear legal liability when it rents units that are not registered with the city, that are illegal rentals. >> reporter: does he think airbnb will stick to the terms of the agreement? >> i am hopeful. i am hopeful. >> under the settlement agreement, this new platform has to be up by september of this year. and all san francisco airbnb properties have to be registered by january 2018. also airbnb has to pay the city $40,000 for the city's work to integrate with the new online system. >>> the city law holding platforms responsi

people to continue to share their homes. >> every house on the airbnb platform will be registered. >> reporter: herrera said the settlement will help protect the housing supply. >> we are working hard to turn the tide on san francisco's housing crisis. this settlement protect our neighborhoods and will help prevent our precious housing stock from bing illegally turned into hotels at the expense of avacated tenants. >> reporter: in the statement mayor lee said the settlement protect our rental housing stock while allowing residents who follow the rules to gain income to help make ends meet. the system will be fazed in over the next eight months. in san francisco, henry lee, ktvu fox 2 news. >>> coming up here, tragedy in texas. the latest on a deadly stack at the university of texas in austin. >>> plus, witnesses say he had a beer in one hand and a gun in the other. what we're learning about the man accused of shooting seven people, killing one of them in san diego last night. >> selis wanted his ex- girlfriend to listen in's carried out his rampage. ♪ ♪ ♪ ♪ ♪ ♪ to take advantage of t

airbnb at number one. we will hear from the company's co-founder, plus national security adviser h.r. mcmaster set to hold an on-camera press briefing in 15 minutes. we will bring it to you live. insights from the data wer in real time? wait, our data center and our clouds can't connect? michael, can we get this data to...? look at me...look at me... look at me... you used to be the "yes" guy. what happened to that guy? legacy technology can handcuff any company. but "yes" is here. so, you're saying we can cut delivery time? yeah. with help from hpe, we can finally work the way we want to. with the right mix of hybrid it, everything computes. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> the fallout from the cyberattack from the weekend continues as cybersecurity experts try to get to the bottom of what happened. joining us are grady summers from fireeye and drew delmato from forknet. w

airbnb says it's absurd that tourists renting a room short-term would qualify. the chair of the d.c. housing committee agrees. >> we usually do not think of a short-term topa rights, that was not the intention of the law. >> reporter: but she's heard of it happening and, in fact, the seller from this property told the news4 i-team told his buyer decided to pay the airbnb guests to sign over their topa rights just in case. >> that's why we got to have legislation to address this matter. >> reporter: if they don't more and more landlords might keep their properties off the regular rental market, lowering inventory even more. >> i could see how in the future it could have an impact. >> as spokesperson for airbnb told me the overwhelming majority of guests in the d.c. metro area are tourists visiting from other places and not even d.c. residents. she added that airbnb strongly opposes any action taken by landlords to replace long-term rentals with short-term rentals. they plan to form a working group to look at ways to revise the law as early as this summer. >> that

>> you are actually staying in this airbnb right now? >> yeah. this is a house in harlem.y girlfriend and mom were here last night. we had food together. it's cool. i stayed in hundreds of them. at one point, i lived on the website. i gave up my home and went home to home. it's been amazing. >> reporter: airbnb began with three inflatable air mattresses on the floor of his apartment. today, they have 3 million listings in 65,000 cities in 191 countries around the world. it's valued at $30 billion. nearly twice the value of hilton worldwide. he grew up near albany, new york. the son of two social workers. from a young age, he was fascinated by improving things that didn't seem right to him. >> interests. i guess i have been obsessed with a better way to design something and probably first and foremost, a better way to design community. >> reporter: long before he became one of the leaders of the new economy. he was an artist, a hockey player, a competitive body builder. if the modern playbook for a start up icon includes dropping out of an ivy eeg school, chesky took a diff

and airbnb is this year's most disruptive company. julia boorstin tells us why. >> reporter: airbnb has transformed the way people travel and created a whole new category of accommodation. the service has 3 million listings in 61 different countries. the company has grown to a $31 billion valuation. >> consumers have spoken. 160 million people have used airbnb and had a positive experience. hotels should recognize what are the lessons to be learned from our success. >> reporter: here at airbnb's headquarters, they're looking to shake up more than just the hotel industry as had he roll out experiences around the world to transform everything about the way you travel. >> from surf lessons to cooking classes, airbnb wants to give you new ways to experience the city you already live in or visit around the world. >> we see opportunities in the verticals of family travel, business travel, luxury. these are growth opportunities that we're just beginning to tap. but beyond accommodation, we're thinking about the travel experience end to end.

their primary accidents and they can rent out the entire unit a maximum of 90 days per year. >> airbnbclaimed it was near impossible for hosts get registered with the city, a problem stream lined by the settlement which will are hosts registering with the city on the hosting company as website. >> airbnb is not going tok their joes economic news taking place we are part of an answer. >> city officials say 250d's settlement is big progress. >> the city took action because it was unconscionable renters were being displaced cashing on the wild wild west market of short-term rentals. >>. >> reporter: now the city says there is 2100 hofrt registered by 8,000 listing for airbnb in san francisco they think it will take six to eight months to get into community registered. on treasure island. >> >>>-mile-an-hour our investigative ununit has been reporting oh. this issue. go to the website. >> our chief of staff meteorologist jeff ranieri he walked in said happy monday. >> it is happen. >> glorious monday. >> nobody claiming about the warm weather. got a borderline close to hot a few microclima

. >> a compromise to make it easier for airbnb and home away hosts to register their properties in san francisco. >>> also ahead, water managers are on high alert. california's first blast of heat will accelerate the snow melt in the sierra. >>> right now we are experiencing the warmest weather we have seen so far this year. it is about to get warmer. i'll give you the numbers from today and what you can expect tomorrow. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. gyp texas a college student is under arrest for stack and killing another student and injuring three others. it happened at the university of texas in austin. one witness said she was standing in line at a food truck outside of a gym when she saw a man with a large knife

because there an online company. with the settlement, airbnb agreed to have a function on its site that requires hosts to register ábefore they can list a property. the company will also provide monthly list of short term rentals to the city so they can verify and enforce registration. in san francisco, spencer blake, kron four news. (steve) it's going to feel a lot like summer across the bay area... but a change is on the way. (grant)meteorologist brittney shipp is back to tell us when we could see some rain in the forecast. clear and warm weather will continue the rest of today through tuesday. cooling arrives along the big sur coast wednesday while hot and dry weather will persist inland. modest cooling trend arrives all areas by thursday as coastal stratus returns. cooling trend continues friday into saturday when a slight chance of showers is forecast as an upper low approaches the region. yes, the toyota mirai runs on hydrogen. yes, the fuel is complimentary for up to three years. yes, it has an epa-estimated range of 312 miles. yes, you will probably have to answer lots of silly

emily: my colleague compared uber to airbnb. my question, uber or airbnb? had to pick a more natural monopoly with pricing power and scale, i think i -- airbnb. uber is a fundamental consumer surplus business where there is still risk that the entire business model is above cost of capital. in the world of autonomy, what you have is the ability for new entrants with huge balance ,heets, google, apple, facebook companies you never would have imagined competing with you, could because it's a function of having enough money to buy another autonomous cars because you already have customers. you can model the demand. in a market like that, there is potentially value erosion overtime, because you have more players. airbnb, what they have to navigate is cost-effective customer scale. instead of having many problems and many potential competitors, airbnb has to solve internal capability issues. if they solve that, it is probably the next massive company to come out of silicon valley. emily: you are bullish on amazon, and you spend a lot of time at facebook here at

emily: my colleague compared uber to airbnb.the question to you like this -- uber or airbnb? >> if you had to pick a more natural monopoly with pricing power at scale, i think it is airbnb. uber is a fundamental consumer surplus business where there is still risk that the entire business model is above cost of -- about cost of capital. in the world of autonomy, what you have is the ability for new entrants with huge balance sheets -- google, apple, facebook, companies you never would have imagined competing with you, could because it's a function of having enough money to buy another autonomous cars because you already have the customer reach. you can then model the demand well. in a market like that, there is potentially value erosion over time, because you have more players, not less. in the case of airbnb, what they have to navigate is cost-effective customer acquisition at scale. instead of having many problems and many potential competitors, airbnb has to solve internal capability issues. if they solve that, it is probably

. >>> airbnb and the city of san francisco just signed a deal. the two sides had fought over whether airbnb should be fined every time a property owner offers a short term rental without registering with the city. now owners will have to register, but they can do that right on airbnb's website. and the company must give the city a monthly list of all rentals. >>> other bay area headlines, a strike has been averted in sunnyvale. the city and its employee association has reached a tentative agreement. terms of the agreement have not yet been released. >>> a tractor trailer's cab was engulfed in flames this afternoon on an east bay freeway. blocked all but one lane on 580 westbound on eden canyon road. the big back up as cars squeeze by in the left lane. a second lane has opened while the clean up continues. >>> two people were killed including a child in a crash this morning on interstate 880 in oakland. the chp says the driver of a bmw drifted off the road and hit a disabled truck that was parked on the shoulder. the car then hit another truck whe

latin america is airbnb's fastest-growing market, surpassing japan. a quarter of a million properties in the region. it encompasses mexico, south america, parts of the caribbean, including cuba. we are broadcasting on the radio in boston. 1200 a.m. bloomberg is the official broadcast media partner and cosponsor of the boston pops fireworks spectacular on july 4. this is blmbg. ♪ caroline: welcome back to this special edition of "bloomberg technology" from boston. all this week we take an in-depth look of the burgeoning economy of the other city on the hill. biotech startups, and the mayor of boston and the governor of massachusetts. silicon valley has some serious competition. >> massachusetts went thug a difficult time in the 1980's with high taxes and political decisions that set us back a bit. what is happening, you have a political climate where everyone is looking to move our economy forward. but also be innovative. >> it is one thing republicans and democrats agree on in washington, an investment in research, discovery, and inquiry, that transla

. >>> coming up next, a major legal settlement between the city of san francisco and airbnb skb . >> the changes that will effect thousands of bay area home owners. >> how the epic year in the sierra measured up. >>> how the businessman 2: we've gone over the numbers several times, and... businessman 1: yea, yea, yea...you know what i'm craving right now? businessman 1: (over speaker) --guacamole and bacon. audio tech: we got a craving! go go go!!! music: crashing cravings in the crave van. jack's gonna crash your crave! jack: hey guys, try my guacamole and bacon chicken sandwich with all white meat chicken, guacamole and pepperjack cheese. businessman 1: thanks jack.... wait. we're on the 18th floor. how did you get here? jack: hard work. jack vo: you crave it, we serve it. try my new guacamole and bacon chicken sandwich. music: crave van! >>> airbnb in san francisco reached a new deal that could have big consequences for short term rentals. a look at the changes. >> reporter: this settlement closes nearly a year of legal battles in federal court. they say now the law has some teeth

i am not certain this is the right solution. >> let's talk about this airbnb settlement.about what the city stands to gain out of this, what airbnb wins and what people in these areas, where folks are renting out their homes stand to gain in the settlement? >> we here at the city, technology is changing, things are changing and this new platform, new territory for the city and policies is something that was important for us as policymakers to manage, allowing those who need this option as a way, in some instances to make ends meet, pay their mortgage help put their husband -- a lady my district help put her husband in care home and she did not qualify for a low income subsidy. chooses this as extra income to support her family. also know there are a lot of people abusing the system, evicting people, giving them buyouts, turning them into full- time airbnb home sharing platforms. the goal of the legislation is to basically get rid of the people who are breaking the law. the settlement is an opportunity for the city and the hosting platform to finally agree and work togethe

airbnb had come under fire for supply for sang francisco residents.nited states, donald trump has announced plans for an overhaul of tanks. >> he is considering breaking up banks by separating their retail and investment businesses. the changes be the return with banking are just -- taking regulations abolished in the united states. mr. trump told bloomberg there were looking at a 21st century version of the old rules. >> donald trump is considering resurrecting banking regulations repealed by clinton in the late 1990's and wants to once again separate activities of consumer and investment banks, known as the glass-steagall act, it came into effect after the great wall street crash in 1929 and lasted until 1999. the number of economists believe its repeal set the groundwork for the collective lehman brothers investment bank in the financial crisis of 2008. reveal a moreto detailed plan but he has already considered repealing another set of rules known as the dodd frank law. >> cap's wind first 100 days, i have taken action to roll back burdens and reg

now, airbnb is taking unusual approach as they turn their approach to latin america.ring friendlier tone with local governments, despite offering to remit taxes in mexico city. they hope to strike deals elsewhere in the region. it is the fastest-growing market, surpassing japan. they have a quarter of a million properties in the region. mexico, south america, and parts of the curry been -- caribbean, including cuba. we are broadcasting on the radio in boston. bloomberg is the official broadcast media partner and cosponsor of the boston pops fireworks spectacular on july 4. this is bloomberg. ♪ caroline: welcome back to this special edition of "bloomberg technology" from boston. all this week we take an in-depth look of the burgeoning economy of the other city on the hill. mayech startups, and the of massachusetts. silicon valley has some serious competition. >> massachusetts went very difficult time in the 1980's with high taxes and political decisions that set us back a bit. aat is happening, you have political climate where everyone is looking to move our economy fo

airbnb is trying. will airbnb have any success?he end of the day, if you have a good service, but that service has to be vocalized for the local consumer. then i think they will be successful. emily: so that is why facebook -- i mean, they were in chinese. >> being an chinese is not enough. it is the behavior and consumer interaction. it is the baseline that the chinese consumer when measure any competing product with, scioscia kid pete -- so to compete and china, you have to be able to address the local consumer needs. emily: do you think facebook will ever be unblocked in china or will google get back in? >> if they do, they need to come to the market with a new product, something very different. emily: that was jenny lee from ggv. kkr has been investing in tech startups for decades but has stepped up its game. we will confirm -- explore where the firm can make a splash, next. check out tv . you can watch as live and go back to interviews, send messages, as questions, play along with the charts on air. it is for bloomberg sub

the campaign was designed in conjunction with the tourist board and airbnb. it suggests a number of locations including a force, and a rocky island. aredds the locations available 365 times a year, limited beds, and a check-in time of whenever. >> networks currently for me. -- that works perfectly for me. i will be stopping by. time for press review. in france -- lots of focus on the meeting between emmanuel macron and vladimir putin, the first official meeting that took place yesterday. >> it is front-page news in france. let's start with a photo of the handshake between the two presidents, and the headline, an entente against terrorism. they had a firm and direct dialogue on sensitive topics, speaking about syria, ukraine. emmanuellear whether macron convinced the russian president, but he certainly figaro."o convince "le he has some skills. you can see in this article they are talking about the surprising performance of emmanuel macron yesterday. managed to win over some international media. florence: he certainly did. let's look at an article in the daily

airbnb is trying. will airbnb have any success? the end of the day, if you do come out with a very good service, that service has to be localized for the local consumer. then i think they will be successful. emily: so that is why facebook -- i mean, they were all in chinese. jenny: being in chinese is not enough. it is the behavior and consumer interaction. it is the baseline that the chinese consumer will measure any competing product with, so to compete in china you have to understand that nuance and be able to really address the local consumer needs. emily: do you think facebook will ever be unblocked in china or will google get back in? jenny: if they do come back in, they need to come to the market with a new product something , very different. emily: that was jenny lee from ggv. coming up kkr has been investing , in tech startups for decades but has stepped up its game. we will explore where the firm can make a splash, next. if you have a moment, check out our new interactive feature on tv . you can watch us live. if you

airbnb is trying. will airbnb have any success where the others have failed?come out with a very good service, but that service has to be localized for the local consumer, then they will be successful. emily: you think that is why facebook -- jenny: i think being in chinese is not enough. the usage, behavior, consumer interaction. if you look at we chat, you know that is the idea. that is the baseline. the chinese consumer would measure any competing project -- product with homegrown products. to compete in china, you have to understand that nuance and be able to really address the local consumer. emily: and that does it for this edition of "the best of bloomberg technology." next week, jpmorgan telecom conference, monitoring on stage conversations. we will be with the at&t ceo and twitter ceo jack dorsey. that is all for now. this is bloomberg. ♪ >> hello and welcome to high flyers. today, we meet someone who could truly be called an undercover operator. a man breaking boundaries and a woman were -- woman's world. however i fire has taken the family lingerie

at 6:30, the agreement announced today between the city and airbnb and how it could affect the homes you see on the site. >>> it warmed up out there quite a bit. low 90s. warmer in some places tomorrow. i will have the forecast. >>> but first, 2 investigates with more on the bay area landlord who tore down his 10 apt's apartment while the man was still living there. now the city is stepping in and taking that landlord to court. >> we need tenant protection laws. they are extremely one-sided to the point where a tenant can completely harass and abuse a landlord but the moment you look at him funny, you are getting sued by the city. yes, the fuel is complimentary for up to three years. yes, it has an epa-estimated range of 312 miles. yes, you will probably have to answer lots of silly questions from strangers. yes, this is a mind-blowing marvel of technology. and, yes, you can buy it today- because the future doesn't start next week, next month or next year... the future starts now. in the hydrogen-fueled toyota mirai. >>> it's been nearly six weeks since 2 investigates captured this h

. >>> airbnb has agreed to settle a lawsuit against the city of san francisco.nt ends a battle that could have hampered the home sharing company's efforts to expand and go public. airbnb has agreed to san francisco's demand to be more transparent about its host and to help enforce existing registration laws. another home sharing company called, away, reached a similar settlement. both companies will now require all new hosts be registered with san francisco before they can post a rental listing on either side extract today, you will like this. a new vista point opens today. the lookout area is at the end of the bike and pedestrian path of the bay bridge. it features bathrooms, benches, a hydration station and bike racks. also starting today, the bike and pedestrian path will be open seven days a week. up until now, it's been closed monday through friday. pam will be out there riding her bike as well. >> i love riding my bike around. i've been across the golden gate bridge many times. maybe i will try to head over the bay bridge as well. very nice. >>> 4:45 am. i

no uber or "area 51" -- airbnb. the iphone was just coming out. 2007, there is a complaint against comcast from the fcc that went to court. the court reversed it, struck it down, because they said the fcc rules were principles and not enforceable which led us to 2010 which was the first real net neutrality rules. those were under title i. they didn't include mobile. those rules were good at the time, i think. verizon contested it in court and verizon was successful in court. those rules were struck down not because the fcc shouldn't be able to do that they just said they did it in the wrong way. that led to the 2015 rules under title ii that included the internet. 2015, they did want to include mobile in the rules. title ii piece is a jurisdiction used on the court but the kinds of rules under that is what we are fighting for and need to make sure are maintained. >> host: does this put the the onius on congress? >> guest: that is a jurisdiction that congress gave to the fcc. ultimately congress can write the laws or

the city plans to collect taxes from residents at rent out their homes through airbnb. and the same taxes hotels have to turn over to the city. that could bring up to $172,000 for the general fund of the city. airbnb has made similar agreements with more than 200 eddies around the world including san francisco. >>> still to come, despite assault charges, a montana republican becomes the newest congressman. we sit down with our congressman to talk about what we can take away from that special election. on september 9, 2010, pg&e learned a tragic lesson we can never forget. this gas pipeline ruptured in san bruno. the explosion and fire killed eight people. pg&e was convicted of six felony charges including five violations of the u.s. pipeline safety act and obstructing an ntsb investigation. pg&e was fined, placed under an outside monitor, given five years of probation, and required to perform 10,000 hours of community service. we are deeply sorry. we failed our customers in san bruno. while an apology alone will never be enough, actions can make pg&e safer. and that's w

airbnb has prompted to challenge this law in court. >>> a developing story right now, kris. france, of course, has elected a new president. emmanuel macron has won in a landslide vote. he's the centrist candidate for france. he won the presidential election over far right candidate marine le pen. nbc's richard engel reports from paris. >> reporter: in a resounding rejection of the far right, french voters overwhelmingly elected the young former banker emmanuel macron as president. i will serve you in the name of our motto, liberty, equality and brotherhood he told supporters in front of paris' iconic louvre museum. macron took over 66% of the vote, 30% more than marine le pen. le pen who offered her concession had promised to close france's borders, leave the eu, drop the euro and was an open admirer of president trump. in a tweet president trump congratulated macron. his aides told nbc news they were disappointed trump didn't call. european leaders were downright relieved. macron wants to stay in the eu, is a big supporter of the euro and in its six-month high against the d

we care about access to market issues, uber and lift and airbnb. we work with our members to make sure they are able to compete in markets across the country. peter: all these companies have washington offices. mr. beckerman: not all of them. some have washington offices, others don't. peter: what is the relationship between washington and silicon valley? do they understand each other? mr. beckerman: we are getting there. it has changed even in the five years we have been around. there is a recognition of internet companies in silicon valley, to say it like that. the decisions that get made in washington, d.c. and state capitals across the country matter to the bottom line of our companies and matter to their ability to grow and create services and jobs and grow the economy. , laws onto some cases the books since the 1970's or 1980's that did not anticipate the internet. sometimes those need updating to allow for growth. sometimes we see new laws getting put into spite new competition. we have to keep that out. there has been a recognition it is im

we care about access to market issues, uber, airbnb and home away. we work with them to make sure they're able to compete and getting to markets across the country. >> host: all of these countries yet named have washington office is now. >> guest: .com. we have 40 companies and some do, some don't. >> host: does washington, what's relationship between washington and silicon valley? to the understand each other? >> guest: we're getting there. it's changed a lot even in the five years we've been run as an association. there's a recognition of internet companies in silicon valley just to say it like that. that decisions that get made in capital washington, d.c.,, the state capitals across the country matter to the bottom line of her companies and matter to the ability to grow and provide great service and create jobs and grow our economy. we run into in some cases loss at a been on the books since the 1970s or '80s that didn't anticipate the innovative companies and the internet. sometimes those needs updating to allow for the growth we have seen. somet

i know in previous incidents, airbnb properties were used. is this a new technique?it is much easier to hide your trail when you're not in a property that you rent or you own? yeah, i don't know if it is a technique that's of its time. it is still early days, the flat. we don't know what there is there, but let's speculate slightly and imagine if that's where he spent the last few days and if he had recently arrived backin days and if he had recently arrived back in the country then it is an easy way of arriving back in manchester and not having to be seen by your friends and relatives for example that you just book a flat on air bmentand example that you just book a flat on air bment and b or some other accommodation booking site and that's where you stay. it's just that's where you stay. it's just that's how people book accommodation. it is almost the old, in the old days people would have booked a hotel room. yes. speculation at this time, but interesting nonetheless. daniel, thank you very much for that. fascinating detail from daniel sa ndford fascinating detail

>> airbnb. >> mcdonald's. >> mcdonald's, sony, phillips, mercedes, bmw, some banks. and when they saw results, the advertising companies, even russian pro-government banks advertise. for example, we did advertisement for -- >> the main state bank in russia. >> because we were so stupid to run new media outlet just before economical crisis, just before. but it was cool because all those companies stopped burning money to these outdoor advertisers, advertising, and they decided to put those advertising money into something effective. and we showed them. >> so ivan, you were running the most popular website, in 2014 you move to riga, you have meduza started. how do you cover russia from abroad? russia is a complicated country. how do you do if? >> there were skeptical people when we started meduza. i do understand why they were skeptical. when you live in russia, you understand that 90% of the russian economy are actually in moscow, you know, 90% of money are in moscow. 99% of important political decisions are made in moscow. if you want to make media, you have to stay

caroline: do you think the likes of airbnb and uber are going to crazy -- too crazy?ke two totally different companies. , we do hear about massive losses. it is hard to compare them. but i do think they are doing well. caroline: is that a european mindset that makes the investor base a little more cautious, the entrepreneur a little more cautious, therefore looking for profitability faster? how do you think we in london, particularly escalating in fintech, but not in other areas, compared to other areas like silicon valley? >> i think it goes back to the beginnings and how many companies are being started in europe. there's a disk -- there's a difference in the risk type. lets companies being started, so you have less companies that get to scale to growth and maturity. it is part of the different mindset that people will take less risk because failure isn't so tolerated, so they might focus more on becoming profitable sooner. caroline: i see. therefore, this is something that is interesting. profitable, perhaps that would be lesser if you look at the united states. wh

emily: uber and airbnb, most things point to those being two years out.omasz: at some point, they will go out. you still have interest. if the recent markets have shown that there is a lot of appetite for high-growth technology companies, the average gain is 35%. the doors are open, so lots of companies will be going out at the same time. emily: thank you so much for joining us, great to have you. coming up, is warren buffett saying bye-bye to big blue? why the investor is cutting his stake in ibm. bloomberg tech's live streaming on twitter weekdays 5:00 p.m. in new york. this is bloomberg. ♪ emily: ahead of its annual shareholder meeting, berkshire hathaway's ceo announced he would be -- ceo warren buffett announced he would be tricking his influence. one point trading at its lowest level since november. for more i bring in cory johnson in new york. what is your read on this? cory: the fundamentals of ibm are not the kind he likes. he is not afraid to step into a business to turn around and make progress. if you look at ibm's progress -- his first purcha

i bought a building and i put units on airbnb.rt aid hotel. >> yeah, yeah yeah. >> stephen: and trouble? i have never rented my house on airbnb. was it all cool? >> it's been-- it's been okay. well, one time somebody was throwing a party, and i-- i was out of town. so i get a message from the first floor person that said, "hey, they're throwing a party on the third floor. you need to shut this down." because the first floor person left to go get some food and he came back to the building, and there was a bouncer outside. ( laughter ) >> stephen: it was that big of a party that he had his own bouncer. >> this person took ownership of the building. and they ended up stealing my tv, two paintings, and they stole the knives and the knife block which, i guess, it hurt my feelings at first that they took the knife block, but i guess you can't walk around with loose knives. you can't just have knives. >> stephen: that makes sense. you were out of town. you couldn't help to go shut it down. >> i couldn't help. >> stephen: did you say, "ca

the company referred to as the airbnb of the car industry.k at how everyday car owners are expanding from toyota to alfa romeo. this is bloomberg. ♪ caroline: elon musk may be missing out on the u.s. boom. the upcoming model s sedan has racked up thousands of orders. but the model x sport-utility vehicle has not met the c.e.o.'s expectations. deliveries have yet to keep pace with the model s. u.s. registrations of the model x have slipped the last two quarters. musk blames the struggles on making the vehicle to complicated. whether you are looking to buy the latest tesla or a less tech-savvy vehicle, it is a debt-laden business owning a car. one peer-to-peer car sharing platform allows car owners to not only rent out their vehicles to finance but also incentivizing some owners to invest in more cars of higher quality. >> i love porsches. >> how many? >> i have five. >> he owns 11 vehicles. he rents out his vehicles on the car sharing app, frequently referred to as the airbnb for cars. >> in 2013, i started with the honda accord and purchased

. >>> the city of san francisco has reached an out of court settlement with airbnb and home away. they challenged an ordinance. today the city attorney said the deal makes it easier for hosts to register their homes and also better protect the city's housing supply. >> the process will take a few months but everyone must be registered by the end of 240 days. we have crafted this agreement to give people enough time to comply with the rules and to make it easier for them to follow the law. >> airbnb said the agreement puts in place the systems and tools needed to help ensure that the community is able to continue to share their homes. henry lee was at that news conference earlier. he will have more on the settlement and what it means for bookings as well as the city, coming up on ktvu fox 2 news at 5:00. >>> we are getting details of the second arrest of a juvenile suspect in a robbery. the boy was arrested after a short chase and police later connected him to the bart robbery. it was just over a week ago that officials say 50 to 55 teenagers hopped the fare gates and swarmed a bar

.>>> the san francisco city attorney announced a settlement with the short-term rental sites, airbnb home hawaii filed a lawsuit challenging the requirement to register, and they will register and comply with the city ordinance and to better protect the housing supply.>> the process will take a few months but everyone must be registered at the end of the 240 days and we have crafted the agreement to get the people enough time to comply with the rules and make it easy for them to follow the law.>> airbnb said they have put in place the systems and tools needed to ensure our community can continue to share their homes fear >>> we have the breakdown of the details that shows millions of gallons of sewer water could have leak into lake berryessa during the recent rainy season. >>> we will check back in with our meteorologist for the details on the forecast. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caret

cities may have to register at city hall prior to renting out their properties using services like airbnb. 8 million people use this service last year. >> one of many homeowners opening their apartments up to strangers. >> it means i can live more comfortably. up until now all he has had to do was set up the state. a new decree obliges him to register with city authorities. >> i don't think declaring i'm renting on my department will create a huge obstacle. >> accommodations for more than 120 days per year is illegal in france. eunice cipolla 30 say the decree will allow them to enforce it. neighborhoods are full of people not respecting this law. with these registration number slammers will no longer be up to make a legal money this way. decreee concerned by the are leading in cities of over 200,000 inhabitants or surrounding suburbs of over 50,000. privatenting out those properties online must reveal their identification and addressed to authorities. >> it means that we are now up against fair competition than we used to be. landlords use concierge companies and hope they won't lose bus