drew: i would be curious to hear why you use dropbox or why you continue to use dropbox.or our users, i think it is a couple things. one is the product is easy to use. the other is it is the most popular service of its kind in the world. if you share something on dropbox, it is more likely that i will share something with you that you will already have it better experience. emily: dropbox has 400 million users. who are they, where are they? drew: the vast majority are all outside the u.s. more than 2/3. and it has been that way since the beginning because people use it not just for storage but for sharing. emily: you grew up outside of boston. what kind of kid were you? when did you get into computers? drew: [laughs] i think it started in a living room when i was maybe three. my dad had just taken this thing out of a box, and it was an ibm pc junior. my parents have picture of me, i was not very tall, so i had to try to reach over to get the keyboard, and my parents have pictures of me trying to smash the keys. i think i was mesmerized from an early age by this glowing sc

drew: i would be curious to hear why you use dropbox or why you continue to use dropbox.ut for our users, i think it is a couple things. a few things. one is the product is really easy to use. the other is it is the most popular service of its kind in the world. and if you share something on dropbox, it is more likely that if i share something with you that you will already have a better experience emily: dropbox has 400 million users now. who are they? where are they? drew: the vast majority are all outside the u.s. more than 2/3. and it has been that way since the beginning because people use it not just for storage but for sharing. emily: you grew up outside of boston. what kind of kid were you? when did you get into computers? [laughter] drew: i think it started in a living room when i was maybe three. my dad had just taken this thing out of a box, and it was an ibm pc junior. my parent have pictures of me -- i was not very tall, so i had to reach up and over to get the keyboard, and my parents have pictures of me trying to mash the keys. i think i was mesmerized from

dropbox has the consumer space. emily: what happened to dropbox?it is easy to say they are in trouble, but we do not know the numbers. emily: they are also not sharing the numbers. they do not have to share the numbers. but you know, they raise it at $10 billion valuation and if some firms are marking it down to $4 billion, isn't that significant? om: the valuation -- i think, as a business, they are following the right trend line, same as with box. whether this becomes a really massive business in 12 months or 24 months, that remains to be seen because we have no data. i cannot live without dropbox. emily: i am a dropbox customer as well. om: think about -- cloud, it keeps becoming part of your sage behavior. you start to pay more and more to your vendors. emily: what do you see as far as appetite for a company like dropbox? as compared to box? >> overtime, they will move to the enterprise. the difference between box and dropbox, box focuses exclusively on enterprise. dropbox has been consumer focused. now they're moving toward enterprise. they ha

emily: we have been talking about dropbox and the negative sentiment around dropbox.ow much of what is going on ties to what we are seeing with box? >> i think there is a lot happening in the market. the partnership between box and ibm is an indication of what we are seeing in the larger market. the top legacy companies or tech companies, every quarter, they are losing market cap. unicorns are the people consuming that. box has found a position in the enterprise space. space. has the consumer people are trying to find -- emily: what happened to dropbox? om: it is easy to say they are in trouble, but we do not know the numbers. sharinghey are also not the numbers. they do not have to share the numbers. valuation -- i think, as a business, they are following the right trend line, same as with box. whether this becomes a really massive business in 12 months or 24 months, that remains to be seen because we have no data. i cannot live without dropbox. emily: i am a dropbox customer as well. -- cloud, itut keeps becoming part of your usage behavior. you start to pay more an

joining us is a bloomberg news reporter who covers dropbox for us.carousel user and was devastated by this news. i brought my whole family onto carousel. we were very excited when we talked about it. what happened? craig's i am a photo user on google photo. dropbox has these huge competitors and it's hard to compete. it's also a matter of focusing in. i think dropbox had the sort of tangential products that some people like yourself loved but that a lot of people were not using and are not really core to their business. emily: i sat down with the ceo on google -- on studio 1.0. here is what he said. >> we want to do more and more to help people over time. it's exciting. mailbox has been a new way of dealing with an overflowing inbox on your phone. carousel, our idea with that is to have a photo app that lets you have your whole life in your pocket wherever you are. have every photo you have ever taken in my life with me wherever i am. emily: i know you are tangential, but it seems like kind of a big shift. part of the idea was creating a family of ap

emily: dropbox. mark: dropbox's party had this hip, indie band playing.to sort of convey this aura of coolness, which i think helped. dropbox is also undergoing its own issues. emily: fidelity and black rock writing down their investments. twitter, another company which had layoffs in the last six months. mark: ceo transition. but, not too much trouble to, for them to cancel their rental of at&t park which is probably the coolest of venues. facebook have their holiday party at at&t park last year. emily: there is a little following going on. mark: i think twitter would like to be the next facebook. emily: mark pincus serving beer at the holiday party. we have the ceo of uber wearing a tootuxedo with his dog. mark: it is a goldendoodle. it's named after uber's chinese brand. emily: they work hard. is it really too much? mark: i think they earned the trapeze artist and champagne towers. emily: thank you so much. we will be back after this quick break. ♪ when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when

emily: i want to dig into this comparison to dropbox. dropbox says they have several mechanisms in place to limit or prevent privacy, download limits, and such. the other thing is that it is free. if megaupload was charging users for content, how is that not illegal? >> just like dropbox, which charges for storage space, megaupload charged for storage space. dropbox should be worried because all that happened in this case was the prosecution heckling things, heckling communications, ignoring noninfringing uses. the court bought into it. emily: kim dotcom is often associated with these extravagant displays of wealth. what is it like working with him? >> it is like working with a combination of the old comedian john candy and probably steve jobs combined into one person. he is an incredible innovator, somebody who can get people together to create great technology. he is extremely funny. it is a wonderful combination. emily: you and i have talked about this a lot. you said, if anything this should be a civil case, not a criminal case. isn'

not going to spend time justifying dropbox's valuation.t i would say is we spent the past nine years building a platform for the enterprise. we started the company ten years ago and today we serve 55% of the fortune 500. we have 4,000 businesses globally that use the product. you mentioned the partners we work with. we do think this is the land grab we've been investing in for the past few years. and fundamentally building a platform that secures critical corporate information and the various business processes that are around that corporate data is very different than building a consumer application aimed at the sort of consumer or personal market. we do think there's a market for both companies. but we're 100% focused on the enterprise. >> the analysts were congratulatory, good to see you, sir. >> thank you. >> these are young companies doing what's necessary to grow. you have to make up your own mind about what to do. this is not a 4% yielder that's going to 3%. it's growing to the 30% and has a bright future. "mad money" is back after

was a terrific article called crazy like a fox in the "new york times," and here i am looking at dropbox enterprise's announcement. how has it been being public, did it make sense to go public when you did, did you wish you weren't public, and what are the advantageous of being public? >> yeah, i actually think we're pretty happy about being public. this drives a level of cadence and rhythm in the business that we think is healthy. it drives transparency that we think is very important. if you're the ceo of general electric or eli lily or southwest airlines, you want to make sure you're working with technical partners where you know they're going to be around for the long run. you understand they're sustainable businesses. you have a sense of the financials, of the performance of the company, the robustness of the company. accelerates our business. we're happy to be a post-unicorn company, as it were. i think it will be interesting from a silicon valley standpoint to watch over the next year or two what happens to a lot of the private companies. obviously the valuations have gotten a bit

emily: it was reported that dropbox may be seeing the beginning of a down round, downgrading the valuee stock. why won't that happened to slack? why won't you fall into that trap? is that something to worry about? >> yes and no. i have to be 95% sure that this is a valuation we can grow into. people argue that the company is worth this much money right now. can the company grow by 10 at our 20 x? what are the odds and what kind of price are we willing to pay? to a certain extent it is borrowing against future growth. so it is a concern. not something i'm specifically concerned about right now. we have a quarter billion dollars effectively in the checking account waiting to be deployed, so we are in a great position. >> you be happy to know that the bloomberg technology group is now experimenting with slack. is there more he can do to replace e-mail and make sure it's not just part of another kind of collaboration that requires more attention? >> it only works where it replaces or consolidates other means of communication. it will not replace 100% of your e-mail. that's how meetings lik

emily: you are an investor in companies like uber, dropbox, lyft, slack, spotify.hese are deals that traditional silicon valley venture capitalists would kill to get into. how did you get in? troy: i think it helps that i am an entrepreneur. i can relate to founders on a ground level. emily: give me an example of what your secret weapon is as a tech investor. troy: the willingness to drive a mack truck through a cul-de-sac, when i believe in something. and also, empathy. i know what keeps founders up at night. the anxiety of competition, and what's next. i can relate to it. emily: how did you get into uber? tell me the story. troy: i met an entrepreneur, and he said, i'm thinking about going into venture capital. the first deal he called me about was uber. at that time, they were only in san francisco. the first conversation i has with travis, was about -- you know, i'm thinking, the capital expenses around this business of buying, you know, hundred of thousands of black cars. this could never be successful. and then, automatically, travis said, this is an logistic

your media is stored on a hard drive connected to the web somewhere or even a cloud account, like dropbox, you can access it. plus, plex can add artwork to your music and posters. again, plex is free, or for $4.99, you can go with the plex premium service. all right, well, there you have it. no shortage of great products and services, just in time for the holiday season. for "teen kids news," i'm marc saltzman. >> that wraps up our show. be sure to tune in to "teen kids news" again next week.

there is no difference between megaupload and services like dropbox or the new mega today.ou can use it for good things and you can use it for bad things. you can buy a knife and stab someone in the heart, or you can use it to slice your bread. you know, you're not throwing the knife maker into jail because someone is murdering someone with a knife. emily: copyright holders say you robbed them of hundreds of millions of dollars. kim: well, how can i have done that if i, myself, have never uploaded a single copyright file onto megaupload and shared it? emily: but did you try hard enough to stop it? kim: we followed the law. when we got copyright notices, we took them down. but in addition to that, we gave over 150 copyright holders direct access to our servers to delete links they did not like, that were infringing on their copyright. emily: you also -- you had a rewards program. so you paid users to upload content. they made more money the more popular their content was. what is popular? movies that have not been released, music that is ree. in that case, weren't you compli

your media is stored on a hard drive connected to the web somewhere or even a cloud account, like dropboxr music and posters. again, plex is free, or for $4.99, you can go with the plex premium service. all right, well, there you have it. no shortage of great products and services, just in time for the holiday season. for "teen kids news," i'm marc saltzman. thanks for watching. >> that wraps up our show. be sure to tune in to "teen kids news" again next week. bye for now. hi, everyone, i'm jack hanna here at my home barkse the columbus zoom. welcome to "into the wild". over the years i've spent many years cruising for wild live but recently when i had a chance to have the jungle life to -- come to me, how could you i say no? the waters of the amazon in peru. guaranteed to be wet, a little wild and filled with surprises. that is poison so if i were to lick that? >> oh, you would have a very hard time. >> next as we head "into the wild." >> let's go!

your media is stored on a hard drive connected to the web somewhere or even a cloud account, like dropbox, plus, plex can add artwork to your music and posters. again, plex is free, or for $4.99, you can go with the plex premium service. all right, well, there you have it. no shortage of great products and services, just in time for the holiday season. for "teen kids news," i'm marc saltzman. thanks for watching. >> that wraps up our show. be sure to tune in to "teen kids news" again next bye for now. the following organizations have provided funding for this into the outdoors television series. it's finally time to leave at what is best behind i made up my mind (caroline) look, you already know that water is the key to all life on this planet. and if it get's polluted; it affects the living things on it, in it, or drinking it. cluding you and me.

your media is stored on a hard drive connected to the web somewhere or even a cloud account, like dropbox, you can access it. plus, plex can add artwork to your music and posters. again, plex is free, or for $4.99, you can go with the plex premium service. it. no shortage of great products and services, just in time for the holiday season. for "teen kids news," i'm marc saltzman. thanks for watching. >> that wraps up our show. be sure to tune in to bye for now. male announcer: chicago ushers in the holiday season with spectacular fireworks, festive floats, balloons, musical performances. get ready as we light more than 1 million lights. - happy holidays, everybody, and welcome to the bmo harris bank magnificent mile lights festival. i'm cheryl burton. - and i'm alan krashesky. we're joined by janet davies and tanja babich and more than 1 million chicagoans. welcome to all of you watching around the country. - we are here on the magnificent mile for the next hour and what a night it is going to be. - we're kicking off the holiday season

of the group's rehearsal tomorrow for your consideration, and will let you know when it's in the dropbox. information to consider for the screen would be holiday victory broadcast 1945 at the des moines playhouse 7 pm, tuesday, dec. 15 tickets: dmplayhouse.com, 515- 277-6261 i've attached the program logo. des moines community playhouse press release for immediate release kill date: dec. 15, 2014 subject: playhouse's final act ensemble presents "holiday https: bakros, des moines community playhouse public relations director, 515-974-5358 the des moines community playhouse's final act ensemble presents "holiday victory broadcast, 1945," an evening of celebrating the first end of world war ii, at 7:00 pm, tuesday, dec. 15. ages andvailable online at dmplayhouse.com and at the playhouse ticket office, 515-277- 6261. complimentary tickets are offered to active duty, veterans, guard, and reserves, and may be received by contacting the playhouse ticket office at 515-277-6261. "holiday victory presents a program of nostalgic radio that takes the audience back to the first holiday season after w

we are competing for the top people with google and facebook and dropbox, all of these -- uber -- theseot silicon valley companies, but we aren't able to give the stock packages. we find if you give them a good salary, you give them a good mission, you give them intellectually challenging work, and then you give them other great people to work around, it naturally feeds on itself. so i feel good about the model, even though it is a bit of a strange model. emily: what about your own financial position? i know you have three kids now. sal: i pinch myself every morning. i feel like i came to terms with this is what i really love doing in life. we can buy a honda accord every eight years. that's all i need as long as i can pursue my passion. we get to dream about what could it be in the future. are we creating the harvard or the oxford of this next stage of civilization that could reach not 1000 or 2000 students a year but could reach a billion students a year. i could not imagine being in a luckier position. emily: you are hanging out with tech billionaires and you are on the same lists as

emily: the numbers are going up and down and fidelity is in the red in assessments in snapchat and dropboxre you seeing on your side? are you seeing ipo's? >> companies are staying private and we are seeing evident signs in the markets and we are not wanting to see other funds. we hope to have a seat at the table when the companies go public in a basket of these companies. they may perform and they may have done ok. emily: so you think this is happening? >> we think we are seeing companies not going out and getting the expected valuation that they want. we have not seen down financings. they are valued as a public company. emily: right. interesting. something we will follow. thank you. sarah covers snapchat. thank you, sarah. a company we are watching is working with regulators in hong kong after compromising the privacy of millions. they say that attackers used servers containing names, e-mail addresses and photos of children. shares plunged. what is this doing to expand the access of financials to the public? we will hear from dan schulman next. ♪ emily: to what we are watching. chinese

i passed on dropbox. i told eric not to invest in gopro.n the negative case that i miss to the positive. i said this is really dangerous. somebody could get rated murdered. i didn't pass on uber. i was lucky to be one of the first investors. i think they have used aggressive tactics. that is truly limitless. i don't think it is worth less than 200 when they go public. they are delivering packages in hong kong right now. there's a cool company called ship that i didn't invest in because i thought it was something uber will do. travis's ambition is boundless. you know the culture of secrecy that we have here in silicon valley. jo pete you don't tell people your numbers. you don't tell people your business model. stories of founders living lavish lives have all started to attract more and more attention more and more posers. with that attention comes sloppy discipline and a ton of money. 12 companies ran live code, there were 15 of us in the room. we could ask questions, walk up and try it. the deals did not get done that day. demo day today h

it is going to be companies like dropbox, where they have moved away from just being storage into truelaboration. they are going to be bolting into businesses like slack. the third piece of this is going to come down to applications that are more consumerist. ized.nsumer wolff, thank you so much. we will see later. we will talk about later -- we will talk a little bit later about yahoo!. cory johnson, editor at large, thank you. my conversation with padmasree warrior. hear how she is taking on tesla and elon musk. ♪ emily: i am emily chang. this is "bloomberg west." eckert withd by zeb a look at stories making headlines. zeb: markets here in asia-pacific are following wall street's lead and response to the fed rate rise. janet yellen signaled patra more hikes next year -- four more hikes next year. it came seven years to the day after they dropped to zero. china expects growth to slow next year, but should hit the 6.5% growth target. between 6.6low to and 6.8%. it has called for more exchange rate flexibility. the pboc should adopt structurally loose monetary policy. --india, the supre

two, dropbox safely stores important documents while allowing access to everyone who needs it. three, join me provides virtual meeting and screen sharing software that doesn't require downloads or subscriptions from you or your clients. four, if part of your business requires shipping, tradeability makes this step easier. the free ups tool helps you estimate costs and makes you aware of duty fees and international trade restrictions. and five, when traveling, theft or leaving something behind by accident are always a possibility. prey sends you location information, hidden camera pictures and screen shots so you can keep your devices safe and locate them quickly. >> when we come back, motivating your employees particularly millennials, plus, strategies for growing your business to out of state locations. we thought we'd be ready. but demand for our cocktail bitters was huge. i could feel our deadlines racing towards us. we didn't need a loan. we needed short-term funding. fast. our amex helped us fill the orders. just like that. you can't predict it, but you can be ready. anoth

he has a first look at deals like uber, dropbox, spotify.investor and all those companies. over and -- uber and lyft. i ask him who wins in this scenario. take a listen. >> as we look at this complicated transportation ecosystem, i feel like it is going -- there's going to be enough room for both. i don't think there will be a winner take all. so, winner may take most in the opinion of troy carter. david: i'm still taken by his sneakers in that. to sayhave anything about how highly valued it is now? >> he believes winter is coming. we have been hearing this from investors. the way he describes it is that we will see a series of many corrections.- mini it is time for some sort of correction. david: thank you so much. on can see her interview studio 1.0 with troy carter. that's tonight at 9:00 p.m. eastern right here on bloomberg television. hour, up in the next stocks tumbling with the fed decision on the horizon. ♪ . . david: welcome to bloomberg markets. from bloomberg world new york, i'mn david gray in for betty liu. stocks tumbling to a f

for photos, apps like google photos or dropbox have auto-upload features to back up images to the cloud. keep security software and operating systems up to date. for windows pcs, make sure you check for the latest patches by going to windows update and then check for updates. finally, use the new year to change your passwords. use a combination of upper and lower case letters, numbers and symbols. in san francisco, i'm lexy savvides, cnet.com for cbs news. demetria, how are the roads this morning? demetria obilor new crash reported in henderson at the 95/515-215 interchange. 95 ramp to westbound 215. accident in the south valley at blue diamond and i-15. delays in the spaghetti bowl right now. < > < > back to you! ((patranya bhoolsuwan)) > it's time now for our pet of the week. this is opal. he's 6- years old. he's some type of terrier mix. opal has been waiting for a home since december 21st. his adoption fee is 155- dollars. animal foundation 384-3333 ((brian loftus)) > times square the ball drop on new years.. ((patranya bhoolsuwan)) and that big experience.. comes with a big price t

>> he likened his service to dropbox, and said most of the material was legitimate, and the material that was not legitimate, he says he complied with any notice that he got to remove that from the website. he also gave an example earlier this year that just because somebody makes a knife, you can either use it to stab someone or use it to slice your bread. the person who made the knife should not be arrested for what they did. it has been a long and torturous road to get here. that extradition hearing it self was postponed for times before it took place in september. there have been numerous hearings on bail applications, access to evidence, and access to funding as well. thatefense has long argued it was starved of funds. that could be a potential point for appeal. even though the court has ruled that he can be extradited, it may not have ended yet. input --roader implications for what it needs for -- means for copyright laws. thank you. surging in hong kong after its chairman returned to work. he had been out of contact for more than a month. for the background on all this -- >> t

dropbox, theser, new companies. they can move very fast to global relevance.n be important to affect all industries. case that the bull says we will create more of those. technology will be part of the solution not part of the problem. and that's what we should focus on. on the other hand come enough to go, ok, a lot of investors are betting on this broadly. so you get valuations where you look at a valuation and you go, why is that value that way? the answer is people are not distinguishing very sharply between which companies benefit from a globalized network age and which companies do not. . that is the key issue that breaks between the polls and the bears. emily: our clients are really interested in this topic. is it really subjective whether or not we are in a bubble? 1999, no one would dispute in retrospect. one disputes bubbles in retrospect. that is not actually the test. clearly, that was artificially inflated and had a re- correction that was serious. the question comes down to, look, it looks like some of these valuations are high especially on the

we see now all the multinational companies are there, from google to facebook to dropbox.inuing to see multinational companies looking to invest and pour more money into israel and look for innovation from israel he entrepreneurs. elliott: there aren't many silicon valley companies left that haven't bought israeli companies. now chinese companies are coming. big guys like alibaba coming in and making acquisitions. is this some kind of change we might see, not only more chinese and other asian companies coming to israel, but also israel continuing to look east rather than west? david: it's an extremely interesting point. chinese,eeing not only korean investors and large companies come to partner, but also russian. it's interesting because it is part of the nonaligned, and india, as well. all of these large nations who do not want to become dependent on the u.s. are looking to israel. emily: fascinating stuff. emily:thank you for joining us. elliott gotkine, our middle east editor. coming up later, we will continue to highlight israel's texting with a look at one start them

emily: kim dotcom us argument is that megaupload was a filesharing service just like dropbox, and het be responsible for the behavior of his users. he continues to maintain that he has not broken a single law, and that he will fight this to the end. he will fight this for four more years and whatever it takes after that. take a listen to how committed he is to this fight. >> i think this case is going to go on for a long time. i have prepared myself for that, mentally. this will be a fight. emily: the entertainment industry is saying that he robbed them of $500 million. a soundhink he has argument, but a judge has decided up to this point there is enough evidence to support a case against him. matt: if he robbed them of $500 million, he still has a mention in auckland. does he have any of the money? most of his assets are frozen. he had to move out of the mansion recently. everys get a stipend month. another big part of his fight is getting some of those assets unfrozen. he has five children. we are going to get a lot more answers here. matt: emily, thank you very much. "bloomberg we

they run video prying open a dropbox and taking keys for three see class sedans, one suv and two other cars. police were able to locate two of the vehicles less than a mile from the dealership by using the cars on board tracking system. >>> the thought process -- they were either staging them somewhere or started stashing them for what purpose we are not sure that's part of the investigations going on right now. >>> the rockland dealership has decided to move its lockbox to a safer place. >>> the effort by business owners to make sure people in town for the super bowl are loving it. >>> and a former community leader gets a holiday surprise -- the organization giving back to the woman who has given so much to the city she loves. >>> the sign of an improving economy, the shipping and shopping numbers way up this year. >>> amazon says it shipped a record number of items worldwide for the holidays. the company would not disclose the actual number of items shipped but did say it's amazon prime service gained 3 million new members in the third week of december alone. christmas eve was the bi