david kirkpatrick is sticking with us.ticking with the jobs numbers we reported on earlier, blue apron is closing in new jersey facility and moving 1200 jobs to a bigger site opening in the state later this year. more than half of the employees have decided to move to the new warehouse. workers notified today of the changes will have the choice to relocate. today, blue apron stock hit its lowest level since going public in june. coming up, we speak with the c.e.o. of trivago and the into the company's latest earnings report. "bloomberg technology" is live streaming on twitter. check us out weekdays. this is bloomberg. ♪ caroline: trivago reported results for its fiscal second-quarter. the search platform recorded earnings of $50 billion, beating estimates. it saw the shares drop 20% amid increased marketing spending. that represents the biggest move since the ipo in december. joining us on the phone is the trivago c.e.o. from germany. thank you for staying up late and talking with us. talk to us about the ramp up in spendi

and with us in new york, david kirkpatrick, to economy ceo -- techonomy ceo. at are you expecting when it comes down to the judge's ruling tomorrow? david: this is a really tough case. on the one hand, there isn't any him to anydence tying of the accused barbary -- bribery. it's hard to believe this would have taken place without him having some knowledge of acquiescence. it's going to be close. whether he is found convicted or acquitted, we are likely to see an appeal one way or the other. emily: for our viewers in asia, this is actually happening today. it's friday in south korea. david, what's at stake for samsung here? david: it seems like, maybe surprisingly little. that's possibly one of the big surprises of this whole is owed -- whole episode. it's really stunning that sort of the big defense that lee has marshaled on his own behalf is that he really didn't know about much of anything and that this bribery, based on -- he just didn't understand it well enough to even imagine it could possibly be seen as bribery. in the course of that defense, he even por

let's get more from david kirkpatrick on the phone. all ofs a surprise for us.who has been running a company now $9 billion in annual revenue. that hehown in the past is able to jump into something without all the relevant experience. he became ceo of expedia at 36, only 48 now, so younger than the other finalists here it he is admired as a manager and well-liked at expedia. the company has been frequently named as one of the best places to work, one of the most admired companies. inhas had a quiet reputation the industry. to be the third candidate and the group must have been daunting. he comes out of the travel industry, and make sense somebody running a $9 billion travel company should be a strong contender. he has been outspoken in criticism of trump. the guy has a spine. he could be an interesting choice. >> why do you think the board decided not to go with meg whitman and why jeffrey immelt called out, worried about the board chemistry. why do think neither of those became the next ceo? >> i don't know. i was not in the board meeting. probably a little adv

emily: caroline hyde and david kirkpatrick there.pe, tech giants have taken advantage of tax loopholes in the region. grabbing market share from local competitors. exclusively, countries are gearing up to propose new rules that could have big implications for the tech industry. >> it is always a strategy based on -- the same rules for everyone. when you are doing business in france or europe you have to pay taxes. you cannot take the benefits of doing business in france or europe without paying taxes that other companies, french or european, are paying in europe or in france. the same holds for all companies and all states. >> does that mean that you want to lower company tax to 25% everywhere in the eurozone? >> we would lower the corporate tax from 33% to 25%, in 2022. the second step, we want to have tax harmonization among members of the eurozone. 19 members of the eurozone -- one currency, the euro -- and you have 90 levels of taxes. 19 different economic policies. we cannot go this way anymore. that is why we are advocating for

and techonomy david kirkpatrick. good to see you in person.oline come i want to start with you, laying out what is behind the beefing up in staff here. caroline: it is interesting, because you heard as recently as back in may and june of that we would see a beefing up across the world of content control people that would be working on behalf of facebook. they said they would be expanding it by some 3000 new 7500ent control staff, to worldwide. most of these people work in outsourcing companies. this will be -- this is happening in germany, 500 added in the west of germany. they already have in 700 in the capital at berlin. they havetioned, hatred for hate speech. they have been tough, legislatively. backlashfter the sad that arose after the immigration crisis that occurred in 2015 -2016 and you saw neo-nazi sympathizers taking the social networks like facebook to put their anti-immigration views across. that is why they are focused to tackle this in germany. they also have a key election happening in september. make: david, what do you of how

. >> mark told david kirkpatrick that mark -- that facebook is monica government been a company.more so now, at this scale. how does facebook manage the scope of its policy, media and it's different responsibilities in this modern age? >> we know that we will not get everything right, but with public policy, we've hired local teams on the ground and we have extraordinary leaders there. they make sure that we understand what is going on in other countries. we are not perfect. with so many people posting on facebook, we try to address those mistakes quickly and correct them. we are also working on opinion committee operations, and we are hiring 3000 people more to work in our communities, hiring them from all around the world. we want to get policy right, get there quickly, and make sure that we are staffed so that we can be as responsive as possible. best,ming up on bloomberg earnings season is going out with a bang, as disney announces a major new initiative. plus, more of the week's most compelling conversations. making hisling out case for holding interest rates in place. >> we

emily: mark told david kirkpatrick that facebook is more like a government than a traditional companybably more so now at this scale. how did facebook managed the scope of its scale of its policy and media and all the different responsibilities in this modern age? sheryl: we try to do it by empowering local teams. we know we are not get everything right so we have hired local teams with a sort very leaders from around the world and we make sure we understand what is going on in those countries. we are not perfect. with so many people on facebook, we are making mistakes. we try to address them quickly. we are investing community operations. we are hiring another 3000 people to work with our community. that is a pretty serious investment for us and hiring them all around the world. we want to get the policies right, get there quickly, and make sure we are staffed so we are responsive as quickly as possible. emily: what is your role? sheryl: we are a company. we are a company that is broadly used. we have responsibility and deep responsibility to people who use us to put out a product an

. >> mark told david kirkpatrick that facebook is more like a government than a company.this scale. how does facebook manage the scope of its policy, media and all of these different responsibilities in this modern age? >> we try to do it by empowering local teams. we know that we will not get everything right from menlo park, but with public policy, we've hired local teams on the ground and we have extraordinary leaders around the world. they make sure that we understand what is going on in those countries. we are not perfect. with so many people posting on facebook, we make mistakes. we are trying to address those mistakes quickly and correct them. we are also we want to try to get there quickly and get things stuffed so we can be there as quickly as possible. disney going up with a bang. and one of the week's most compelling conversations. the fed makes his case for holding the interest rate in place. this is bloomberg. ♪ ♪ >> are you losing confidence in what is going on in washington, is that affecting your business? >> no, no, i am not losing confidence in washingto

david kirkpatrick was saying earlier in our that this religious beliefs that elon musk really deliversfurther upside to the stock, do you think? dana: most of the investors in the company are thinking about what tesla will be like in 10 years. it is not a quarter of a quarter, it is a long-term investment. you have to look at the terminal. the top five investors in the company, they own 55% of the company. , others, they are in it for the long haul. they are thinking about tesla's ability to disrupt a $1 trillion auto and energy market. as long as they continue executing despite inevitable hiccups, people are waiting to make -- willing to wait for the mission to be fulfilled. betty: you were talking about their battery chief. , ateparted the company tesla. how big of a concern is this, at a time when they are going through production hell? timingt is intriguing and i would love to know more. he is fluent in japanese, previously worked at panasonic. he was the linchpin of the panasonic-tesla relationship. he helped to ink the companies. i do not know why he left the company. it is very