our bloomberg ipo reporter alex barinka joins us from new york. ceo david kirkpatrick is also with us from l.a. what exactly do we know? alex: we know now they are moving forward. according to our sources, they delayed this ipo process as they tried to preen up their finances. we know the company posted a net loss of about $55 million last year on revenue of about $795 million. revenue did double in 2016 from 2015. you can see now that they have some growth to preach to investors as they are down this ipo process. what i think is interesting, digging into this, you do start to see how they position itself. for a company in the food delivery industry, that's going to be increasingly important. it's a very competitive industry. we have already seen casualties by the wayside. apron is coming in and saying they have a powerful brand connection. they have superior product at compelling values. they are constantly innovating on their product. what that actually means for a company that sends -- delivers kits of food for their customers, i think we need a

joining us from new york, alex barinka. talk to us about what we know. least is one one other company that has expressed interest in acquiring slack. my colleagues and i wrote the story late last night. alex sherman has heard at least one company is further ahead, that has put pressure on slack to engage in these talks. if slack does not come they're potentially looking to move on. price, $9g sticker billion. amazon being the interesting one because frankly, a lot of folks in the tech industry i spoke with today are feeling at what they think about it. this is not necessarily the first company that came to their minds. -- amazonzon not has has their own conferencing surface -- service. alex: if you think about amazon's future aims with time and business goals, it looks twofold. you can look at the actual consumer selling on the business side. oralexa at a net go every business, this could integrate into that and selling into businesses, which is something amazon has been pushing further into. on the more tech side, which blends in closer with that aws clo

work outcome, the deal could be the largest acquisition to date for amazon and joining us now is alex barinkaus about what we know. what we know right now is that amazon is that one of at least one other company that has expressed interest in acquiring slack at this point. my colleagues and i broke this story late last night. my colleague has also heard that there is at least one company that is further ahead, that has slack tout pressure on engage in these talks right now, engage in this inbound, and of slack does not they are potentially looking to move slao engage in these on. this is a big sticker price -- $9 billion is where the discussion is happening, circling in terms of this acquisition. that is where the play is right now. amazon being the interesting one, because frankly, a lot of folks in the tech industry i spoke with today are feeling out what they feel it out the story -- about the story. this is not the first company that came to their mind. emily: amazon has aws, their own video and audio processing services, so what about slack? >> if you think about their future aims with t

vonnie: alex barinka, thank you.ndra modi traveling to the united states to meet with president trump. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters in new york, i am vonnie quinn. anna: i am anna edwards and this is "bloomberg markets." this is what the picture looks like across the equity market. percentnd and ate the -- and a silver percent higher. u.s. stocks did pair earlier gains on the back of data we had out. durable goods came in worse than estimated. the latest now on the markets with bloomberg's abigail doolittle. abigail: something that really stands out with a divergence you s&p higher bythe the nasdaq lower is that nasdaq showed improved volatility . up 6/10 of 1% and then taking a clear leg down. this intraday volatility, it really does stand out. i reached out to five traders one has anyt and no conclusive reasons as to what is behind this. that's interesting information because it points to the idea of a selloff out of nowhere. investors are somewhat jittery and uncertain. let's

alex barinka, thank you so much. david kirkpatrick, you're sticking with me.ing up, uber's management issues have overshadowed all others. we will bring you the latest about the legal battle. this is bloomberg. ♪ emily: korean tech giant samsung announced investments worth $1.9 billion into u.s. plants. samsung will spend $1.5 billion in its semiconductor factory in texas and over $380 million spent in south carolina for home appliances. both investments will be carried out until 2020 according to statements from the company. the announcement came just ahead of the korean president's moon jae-in first summit with the u.s. resident, who has been vocal of the trade agreement and said it is a one-way street. uber is back in the spotlight in the courtroom. the uber waymo saga continues. the ridesharing company says it was unaware of waymo data theft prior to the lawsuit. uber is looking to refute the claim. more we are joined by , bloomberg's legal reporter. you have been inside the courtroom. you think uber's assertion that they did not know these files were stol

cory johnson and alex barinka, thank you both.g up, our exclusive interview with facebook coo sheryl sandberg. we will discuss how businesses can use facebook products to grow their brands and create jobs in the modern economy. and some news coming from tesla. the company said to be close to an agreement to produce vehicles in china for the very first time. the agreement is said to be with the city of shanghai and would allow tesla to build facilities in one of its development zones. the actual agreement could come as soon as this week. more details later this hour. this is bloomberg. ♪ a subscription service for fitness classes in gyms has announced the close of a $70 million funding round. existing investors include crv. it has doubled its member base in the last year and has now grown to 35 million reservations today -- to date. global ad executives are convening in cannes, france, this week to talk about how brands can take advantage of new technology. it's happening at the annual innovation festival. sandbergberg -- sheryl is