emily: unarmed? kim: completely unarmed. emily: what did they take?im: thousands of servers, offline, that hosted the data of millions of users that have used our web services. emily: most of your assets are still frozen. kim: they are now saying everything they have seized here now belongs to the u.s. government. emily: i know you have said you are broke. would you call yourself broke now? kim: we recently had a judgment from the court releasing $4.6 million for legal fees and living expenses. so at the moment, if that judgment is not appealed, financially, i am in a better position now than i was a couple of weeks ago. emily: have you thought about moving to a cheaper place? kim: yeah, but that would also mean -- it is kind of my last stand, fighting for my castle, for my home. you know, i am also trying to send a message to them and show them i am not going to fold over. you know, that i am going to fight back. emily: right now you are wanted by the u.s. government in the biggest copyright case in history. the charges include racketeering, money la

emily: the ipo market is stagnating. the mega valuations of either technology companies have plateaued if not decreased. how do you think that impact potential m&a, and how interested are you in him in a -- in m&a? whitman: many of us protected they would be correction in the value of some of these startup companies. last year when we talked, we had that very conversation, and that came to be true. we see this in silicon valley. valuations get high. i think it is advantageous for a company like hewlett-packard because valuations will be more reasonable. we are interested in m&a but at the right price and complement treat areas. for example, what has worked well for us is the acquisition of aruba. by the way, they were not overly expensive. we played -- we paid a fair price, and we have to be very cautious because frankly, from our return on investment, share bypass -- share buyback would be better for a company with little operating profit. >> what companies might you be looking at for the future? >> we are interested in

general alexander: thanks, emily. great to be here. emily: thank you for joining us.e have to start with the standoff between apple and the fbi. google, facebook -- tech companies have sided with apple. this reopened a divide between washington and silicon valley. how sustainable is it for tech companies to be at odds with their government? general alexander: well, i think everyone has a right to an opinion. i think what we have to do, though, is we have to learn how to get our country back together. and take the best of what we represent and put that on the table. and, you know, when i look at the great capabilities coming out of the tech community, it is phenomenal. tremendous opportunities. you know, look at your kids. the opportunities you have in education, the opportunities we have for medicine, for communication. but there are tremendous vulnerabilities with it. and we are outpacing the ability for the policy community to keep up. i would not say slow down, but i would say because we have gone so far so fast, how do we help the policy community keep up? and thi

emily: mark andreessen.ing up, as video pushes into original programming, can the interim ceo help the video service move ahead? we will hear from the ceo next. if you like bloomberg news, check us out on the radio. you can listen on the bloomberg radio app, bloomberg.com and on sirius xm. best of bloomberg west continues after the break. ♪ welcome back to the best of bloomberg west. at a bloomberg technology conference, the dropbox ceo announced big news that the storage provider is cash flow positive. i sent them with houston and asked what exactly that means. you guys announced some news on stage saying your -- you are cash flow positive. what does that mean? >> we are funded by customers, not investors and we control our destiny. this is important in this kind of environment because the market has shifted from focusing on growth at all costs to going back to fundamentals and thinking about profitability. emily: what does that include? >> it's just money entering into the bank. emily: how far away from pr

emily: why not?ean: consumers turn to piracy by and large when they can't get the product through legitimate channels. there needed to be a legitimate market offering coming from the record labels and they couldn't get their act together for years and put that in the market. it was frustrating to watch this long deleterious collapse of the industry that was producing something that i loved so much. that was never our intention. we never wanted to see that happen. emily: music sales peaked in 1999. since then, it's been in years of declines. you're on the board at spotify. you think that streaming services can and the years of -- can end the years of decline the music industry has been facing? sean: i think we turn the corner and are getting back into growth. based on what i have seen coming out of spotify and apple. it looks like it bottomed out. for a while, spotify could replace cd sales. the decline in cd sales, and the decline in downloads, but not both. emily: how do you convince people to pay f

emily: alex barinka and david kirkpatrick.calized e-commerce that got one of the best shout outs in merrymakers annual ceo report. ♪ to siliconing now valley's most important slide show of the year, merrymakers annual inter-net report. this year's presentation included some seriously sobering themes like the fact that smart phone markets are slowing. and in the company -- e-commerce company called offer up got a shout out. search timeaily you has gone how are -- usage time has gone higher. the ceo joined us here on the set. i was in the audience when mary meeker mentioned you guys. what do you attribute the recent growth surge to? is it because the way the product is designed, the way the images are emphasized? >> i think because of the smartphone we can really reimagine the way people buy and sell locally. something we find that people enjoy, they can discover what is nearby them wherever they are because of their phone. emily: craigslist is the obvious and comment and next door is the place where you can sell things in a hyp

. ♪ emily: i am emily chang, and this is "bloomberg west."icrosoft adds linkedin to its professional network. plus, our conversation with satya nadella and jeff weiner. apple's blueprint for the next generation. the tech giant putting its new commitment to software on display at the developers conference. we will update you on upgrades. strength in numbers. after spending a ton of money competing with each other and facing the same legal challenges, the two biggest daily fantasy sports companies could be teaming up. apple kicks off its worldwide developers conference with a slew of updates, including a smarter siri, apple pay, a redesign of its most troubled services, and upgrades to photos and messaging. the annual event is meant to woo developers to create software for apple products, something that is ever more important as the company transitions away from a dependence on hardware. bloomberg's cory johnson joins us with more. let's start with siri. what do you think? cory: i think this may be the most important announcement they had today

general alexander: thanks, emily. great to be here. emily: thank you for joining us.e have to start with the standoff between apple and the fbi. google, facebook -- tech companies have sided with apple. this reopened a divide between washington and silicon valley. how sustainable is it for tech companies to be at odds with their government? general alexander: well, i think everyone has a right to an opinion. i think what we have to do, though, is we have to learn how to get our country back together. and take the best of what we represent and put that on the table. and, you know, when i look at the great capabilities coming out of the tech community, it is phenomenal. tremendous opportunities. you know, look at your kids. the opportunities you have in education, the opportunities we have for medicine, for communication. but there are tremendous vulnerabilities with it. and we are outpacing the ability for the policy community to keep up. i would not say slow down, but i would say because we have gone so far so fast, how do we help the policy community keep up? and thi

. ♪ emily: i am emily chang and this is "bloomberg west." the rise of the machine. robot revolution is headed towards us and tech will replace 80% of what doctors do. we will have a series on man versus machine. uber switches gears after announcing it had no plans in the pipeline to offer scheduled rides. they can now book 30 days in advance. larry page prepares for takeoff. the lid is off the googles cofounder's pet project. we have the details of his flying car. to our lead. technology will replace up to 80% of physicians, what physicians do in the near future. this is according to billionaire investor vinod khosta. and cofounder of sun microsystems. i sat down with him at the future mobile conference earlier today for an exclusive interview and asked him to explain that prediction. vinod: i wrote in 2014 a blog. it basically said -- more than 50% of all jobs that exist today will be dislocated in 40 years, roughly. 40% of 80% of the jobs, i do not know. but reading the past could not replace human judgment and now, we will. the progress is a stunning example of w

♪ emily: i am emily chang and this is the "best of bloomberg west."icrosoft adds linkedin to the professional network and we speak with the ceo about one of the largest acquisitions in tech history. apple's blueprint for the next generation. the tech giant renews its commitment to the tech giant at the conference and ask developers to get in on siri. and the must watched moments from the bloomberg tech conference. that, and much more later in this hour. first, to our lead. we kicked off the week with microsoft announcing the acquisition of linkedin. 26.2 billion dollar acquisition, one of the largest ever seen in the tech industry. microsoft is paying $196 per share in an all cash deal, taking on $25 billion in debt. for details about the megadeal i , sat down with the microsoft ceo and the linkedin ceo and asked about the synergy of the deal. >> it is about really bringing together the professional cloud, which is at the core of microsoft and the professional network. the dream we have always had is how can we connect these two worlds so that our mut

. ♪ emily: i'm emily chang and this is "bloomberg west."oming up, elon musk makes his latest play. tesla offers to buy a rooftop solar company where his cousin is ceo. does the deal makes sense? he will discuss. daily on million instagram. more than doubled. we sat down with the ceo of instagram to talk about unprecedented growth. and 10 sent it to become a global player. and can china's largest internet company become a global player? they will pony up nearly $9 billion for a stake in tencent. elon musk is the largest shareholder of tesla and solar city. musk is the largest shareholder of both companies. says the proposal is in the range of $50 a share. onarcity shares closing up wednesday. tesla ceo elon musk said the basic message is there is a huge opportunity to have a highly integrated sustainable energy company. that answers the whole energy company from storage to transport. solar city is surging in after-hours trading on the news. for more details, i want to bring in our editor-at-large, cory johnson. cory: they want to cover every

emily: more deal activity in tech., twitter ceo jack dorsey explained he was buying a company so that twitter can continue to be the best place to see what's happening and why it matters. this move comes as competitors have been boasting rapid growth in video consumption on their platforms. twitter shares rose 1.9% on the news but are down 30.9% this year. dell looking to buy out francisco partners management as well as the newly established ever coast -- evergreen coast capital. the sale is part of dell -- dell spun out its cyber security unit in april in a $100 million ipo, one of the only tech listings of the year. a month before that, they sold the business to japan -- to a company in japan. some analysts say this could trigger a flurry of deal activity in the tech sector. thank you so much for joining us. elliott is involved in this. you see private equity getting more involved in this? >> certainly. we saw equity partners acquired -- you are seeing a flurry of these deals happening with both large companies and p

. ♪ emily: i'm emily chang and this is "bloomberg west."he former apple exec you invented the smart thermostat is stepping down two years after our event bought it than $3 billion. a shockingly bad jobs report. employers pulled back to the lowest levels in six years and more workers go part-time or give up altogether. how hiring in the tech industry can change the numbers. a stagnating smartphone market -- we sit down with one of the rising stars, the micromax cofounder. first, to our lead. tony fidel is stepping down as the head of the company he founded and sold to google two years ago. in a short and unceremonious statement, fidel said he would leave the company immediately and be replaced by former executive at motor run a mobility, where he served as ceo of motorola homes. in a blog post, fadell said this transition has been in progress since late last year and while i won't be present day today, i will be involved in my new capacity as advisor to alphabet and larry page. nest employees have publicly vented frustrations with management

emily: emily: raising billions of mark endres and and his firm just raise half $1 billion. are we passed the idea of a downturn? where are we? it is that old adage, the difference between a recession and a depression is a recession is when you are out of work and a depression is one i am out of work. it depends upon your point of view. they should always have an easy time of raising money as long as they are successful so it does not show me. -- shock me. uber raised a lot of money and has been an extremely successful company. emily: are there other companies that are getting left behind? >> companies rather than raising money on what they might do, will be raising money on what they have done. iposill probably see more over the next few months. it has essentially been zero over the past 10 months. emily: there is a presidential election happening now, and i am curious what you think hillary clinton and donald trump mean for silicon valley? >> that is a good question. i am not super-political. i hope that whichever leader which is collectively becomes a lot more thoughtful

. ♪ emily: i'm emily chang and this is "bloomberg west."oming up, the fed holds interest rate unchanged amid bullets about the economic outlook. we will break down what it means for tech investors. more news from right hailing unicorns. they have all the details on the $28 billion valuation. the latest action from e3 -- the biggest gaming event of the year. stay tuned for all the buzz around nintendo's latest game. now to our lead. the federal reserve is keeping interest rates unchanged in light of an uncertain job market while offering no specifics about when the next rate hike might occur. concernslso expressed over britain's vote on whether to leave the eu. investors are listening closely and u.s. stocks slid on the news. what's the potential effect on tech? maxwell, a chief economist joins us now. what is your initial take on this? >> i'm not hearing you too well. can you repeat that? emily: how will the fed not changing rates impact tech investing? >> generally speaking, the markets have been extremely sensitive to what the fed has bee

. ♪ emily: i'm emily chang. this is "bloomberg west."oming up, could brexit cast a shadow over business in the cloud? we sit down with the ceo of box, and how he's preparing for a european split. plus, one of the companies pioneering analytics to see how smart software is driving up satisfaction. this week, bloomberg is taking a deep dive into the world of pharma. one company developing a solution to peanut allergies. first, u.s. stocks rallying, paring losses post brexit as he market shows signs of regaining footing. tech stocks were among the winners. let's bring in ramy who is standing by in new york. break it down for us. >> basically, stocks rising for a second day in a row, after two days of losses post exit. the nasdaq was the biggest gainer, around 1.9%. that is higher than the lows in the past six days. it was a broad rally led by energy, similar to what happened yesterday. oil rose 3%. the financial sector was also the second-best performer. with the gains today, i want to sort of rollback the hands of time to post brexit, just

. ♪ emily: i am emily chang, and this is "bloomberg west."mily: coming up, meg whitman takes stock. it has been eight months since the hewlett-packard enterprise ceo oversaw the historic that of hp. plus, if she is not supporting truck, will she endorsed hillary clinton? amazon raising the stakes, is it -- we will discuss what it means for local competition. and fiat's tech of section after -- obsession, partnering with google to build a fleet of self driving minivans. the company talks with uber about a driverless car partnership. hewlett-packard enterprise is holding its annual discovery conference, the first since its split into two separate companies. withnnounced a partnership ge with the companies will work together on the internet of things. we caught up with ceo meg whitman and asked about everything from tech m&a to donald trump and if whitman herself will ever go back into politics. we began on just how the company is faring, post-split. take a listen. whitman: i have to say the split has been fabulous. in this day and age when tech

. ♪ emily: i am emily chang and this is "bloomberg west."he biggest ipo is moving ahead despite turmoil in the market. we get a look at the japanese chat service line as it prepares to go of it. we will speak to the company's president about its new range of products at interests. -- at pinterest. and tech disruption may be coming to a theater near you. we will sit down with one of the men who built the flex -- built netflix. line is setting a price range of 26 dollars to $32 a share for an offering of 35 million shares. the company hopes to raise $1.1 billion making it the biggest tech ipo of the year. how are investors looking at the deal? team has been reporting on this rotate ipo. tell us about the latest terms they said and what it means. peter: line did decide to set back the setting by a day. they decided to push that back a day because of the exit turmoil and other factors but they did go ahead with setting the price range despite the time old in -- they tumbled in the market we are seeing. they are not supposed to give the oil price

. ♪ emily: i'm emily chang and this is "bloomberg west."lon musk takes shareholders down memory lane at the annual meeting. we will bring you the details. uber gets a million dollar credit line from wall street. it may help the company grow but how do drivers deal? -- feel about it? the white house looks to sponsor entrepreneurship in africa. we will speak to the assistant secretary of african affairs for more details. the tesla shareholder meeting is underway in mountain view california. elon musk treating investors to something different -- a look back at the history of the company, it's beginning, it's motivation and the story of what has happened over the years. >> we always try to do the right thing. we care about that. when we make mistakes, it's because we are being foolish or stupid or whatever. it is always made with the right motivations. emily: this walk through tesla's origin story comes a time when the company is trying to meet an ambitious production schedule for its model three. many analysts have said getting it right is lik

emily: twitter, is that wishful thinking?of how we think about a business is the new york arbitrage. i think the new york view is that if we think it is bought, it makes what are more likely to get bought. there is probably one fewer buyer. the acquisition of twitter is slightly less likely, but i am positive they are big companies thinking about it and positive twitter is thinking about it. only: twitter is now the other public social network aside from facebook. can twitter survive? >> twitter can survive. accomplishmentng over the last 12 years, building up assets. they have built a great business. there is no question. they can generate profit anytime they want. it is just a question on how they want to turn the dials to make it all work. they have a strategy to do a lot of new things. i think they can survive just fine. they can be around indefinitely. i think the question more is, tech companies are a little bit like sharks. they tend to move forward or backwards, tend to not stay still. i think the question of twitter

emily: i'm emily chang and this is "bloomberg west." coming up, elon musk makes his latest play. tesla offers to buy a rooftop solar company where his cousin is ceo. does it make sense? we will discuss. sat down with the ceo of instagram to talk about unprecedented growth. can china's largest internet company become a global player? nearly $9pony up billion for a stake in tencent. the largest shareholder of tesla and solar city. $50 aosal in the range of share is in the works. shares up on wednesday. musk says the basic message is that there is a huge opportunity to have a highly sustainable energy company. is surging in after-hours trading on the news. for more details, i want to bring in our editor at large, cory johnson. y: they want to cover everything from the creation of energy to exxon mobil, maybe. this is a strange thing. in one companyng to bailout another company that has fallen substantially in the last year. just a look at the numbers shows how crazy this is. if you look at the cash tesla has on hand and throw in the debt, you have a company that cannot afford solar

emily: tell us about this.re going to services on the trends emerget of is a profitt apple driver of the last decade and i thought that was a takeaway. >> they talked about the users tollionom 13,000,002 15 mi 15 million. the music side is on the outside. multy: there was drama, tu in the music department and they talked about a revamp. >> the people we spoke to. you seetent to which jimmy and trent, the architects of apple music, involved in the will indicate. they were absent today. perhaps, it is becoming an apple product and they are taking away the heritage. sense, they have a framework to keep it moving and i think it is fine\ if apple takes us over -- it is fine, if apple takes is over. >> this is the ability of apple to integrate acquisitions. the talent they bring on board as part of that. this is the biggest apple deal ever done. they said they did not do it well. cookthey talk about tim doing more deals, it hints at the things they need to change. what apple announced, is that a big threat? >> it is

emily: turning to tesla. musk announced that company was shopping for a chinese production partner. bloomberg reports that shanghai is the first in line for the proposed base. ouring us now for more is managing editor for tech coverage in asia. what do we know about the partnership? >> to be clear, this was not announced i either company, at this point. familiar, they said that, among the cities competing, shanghai is the number one contender. that is not a big surprise. zone is a free economic that would be good for tesla. there is motivation to build a plant in china avoid the levees that you would get, trying to build outside of the cou ntry. emily: this deal, is it a big deal? >> it would be. there is speculation about what the percentage of preorders from china are. for tesla to have a second factory or a second assembly plant would be a big deal. emily: tell us more about the company that tesla will be working with. >> it is not a particularly high profile company, at this point. are closelike there tie

emily: so what happened?f: there was interesting learning that will remain between the two of us, but i think there was interesting learning. emily: it's interesting you said you never aspired to become ceo. how do you become ceo if you don't aspire to it? jeff: i didn't aspire to it be a ceo because of what i had seen in terms of ceos in publicly traded companies. that can be a rough ride. for me it was never about the title. it was about a sense of purpose. emily: you've given a lot of thought to the future of the workforce and how it's changing. i would love it if you could paint that picture for us. jeff: youth-based unemployment has become an increasingly significant issue. in some european countries, you have unemployment hovering around 50%. that's the thing that tears apart society if it's allowed to be sustained for too long where people don't feel like they have access to opportunity and become disenfranchised. they don't feel like they have a voice and that's when bad stuff starts to happen. you ha

emily: the ceo.y: the notion that these companies -- it is good for him to recuse himself but i don't think they are completely without influence or don't follow the desires. emily: why now? tesla has been focusing on that. at thisthe impetus moment for them to make this offer? financially, both companies need a big change. tesla does not have the cash indians and where to build extra plants to support the production goals they have announced. the notion that they will open factories in china. it seems to me like where are they going to get money for that? it is very expensive for them to do that so they have problems, maybe rearranging and an opportunity for tesla to a masivsive rearranging. coming up, our interview with aaroirbnb seo. ceo., ♪ emily: major tech leaders behind hillary clinton. eo caughtm, airbnb ci up with him and the u.s. secretary congress to spread the valleys of entrepreneurship abroad. >> everybody asks me if i traveled the world, how can we have an ecosystem -- our own silicon

. ♪ -- emily chang.pple puts qualcomm chips on hold for intel p or we will discuss what it means for the three tech titans. gawker tagged out. the website has enforced into bankruptcy, it appears. tech forecaster says a car will soon be the smartest thing you own. we will reimagine the future of your commute later this hour. days before apple's annual developers conference, the iphone maker announces a major change a month suppliers. -- amongst suppliers. the next iphones will use modems from intel, replacing qualcomm chips. qualcomm closed down 2%. they will be used on at&t u.s. network and some other version of the smartphone for overseas markets. iphones on the verizon network will stick with qualcomm cards. this is three days before the developer conference. what upgrades and announcements can we expect, and will they reinvigorate iphone sales? joining me are ian king and alex webb and a senior technology research analyst with drexel hamilton. why did apple pick intel? ian: they have not really annou

. ♪ emily: i'm emily chang, and this is "bloomberg west."oming up, will they stay or will they go? we will examine the potential impacts of a brexit on the tech industry. and musk plays defense. the billionaire having a hard time selling his $3 billion proposal for a tesla-solar city merger. we will break down why some investors are skeptical. the global entrepreneur conference kicks off. ahead with our interviews are john kerry and reid hoffman, we will hear from steve case. but first, to our lead. britain is on the brink of a monumental decision about whether to remain in the european union. campaigners issued 11th hour appeals in the so-called brexit debate with london mayor calling up the fight of our lives. his predecessor calls it the last chance to take back control. polls waver between a dead heat and narrow lead for each camp. joining us now to put it all into perspective for tech investors is alex webb who , recently relocated here from southwest england. and angela mclaughlin, who has backed or than a dozen u.k. companies and is a

emily: that is adorable. ms.n: it's all the children, so you can have, like, meaningful conversations rather than cute conversations. emily: what do you think about medium and the rise of medium? is it a threat to online publications? ms. huffington: i love medium. i think what they have done is absolutely fantastic. i just did a conversation on stage at a conference. and we want to partner together. i'm a big believer in partnerships. i feel partnerships are the future. the reason we have grown is that every single one of our international additions is a j.v. or a partnership. you have the advantages of having a player involved that knows the market. i think partnerships make it possible. ♪ emily: why do you think the tech industry in particular has such a problem with women? ♪ emily: we have been talking about issues like diversity and inclusion in the tech industry and the fact that women and minorities are underrepresented. when it comes to things like culture and inclusion, when should companies start thinki

emily: i'm emily chang and this --"bloomberg last." bloomberg west." we will break down the fed announcement and what it means for tech investors. more news from right hailing unicorns. the $28 million valuation. the latest action from e3 -- the biggest gaming event of the year. stay tuned for all the buzz around nintendo's latest game. keepingral reserve is interest rates unchanged in light of an uncertain job market while bring no specifics about when the next rate hike might occur. they raise concerns over britain's vote on whether to leave the eu. investors are listing those lee and u.s. stocks slid on the news. effect on potential tech? i'm not hearing you too well. can you repeat that to mark -- can you repeat that? emily: how will the fed not changing rates impact tech investing? guest: we are seeing rallies tax off anyhe fed kind of normalization. i think the big picture is said and global central banks have forced people into risk assets. generally that's pretty good for tech. public tech does somewhat well and private tech, pre-ipo tech does

i don't know if i got that from emily's list.what i discovered when i was running, many african-american women in the community are not accustomed to supporting women who had one and when i start to use that phrase, i'm running for office, it's time, why not, i started repeating that in the literature. >> was that cleaned. >> i think it came to came out of the era but i don't know if it was us. now when you see so many women doing wonderful things. i do think women governed differently. we have a concept of representative democracy. if you bring all kinds of people together and elect them to office, then you have policy to take care of our diverse country women even now are only 18% of the congress. we still have a long way to go. even having said that, you see all of this fighting and this nonsense and gridlock. when the country, when the government was shut down, it was a couple women on the republican side in the senate and on the democratic side coming together, finding a compromise and getting the government back to work. ev

emily's law was passed in 2009. chris then started the emily jerry foundation. you can go on the website and see which states satisfy their pharmaceutical technicians. >> i've always believed this. one life lost to preventable medical error is too many. and because preventable medical errors are just that, they're preventable, means logically, they should have never have happened. >> we don't want to create fear. we don't want to create hysteria. we want people to recognize that it's a great profession, with doctors trying to do the right thing, but it's a messy system. and unless you take charge of your own care, it could be a very scary proposition. >>> hospitals are among the most trusted institutions in our country, but health care is as much art as it is science. and mistakes, as you have just seen, do happen. but there is good news. the health care industry has recognized that medical errors are a problem and it's trying to find ways to reduce them, as much as humanly possible. that's our . >>> right now on "justice," can english history lead to american h

i'm emily chang and this is "bloomberg west." we will examine the potential impacts of a brexit at tech industry. and must lay's defense -- having a hard time selling his $3 billion proposal for a tesla-solar city merger of we will break down why some investors are skeptical. the global entrepreneur conference kicks off. with john interviews kerry and reid hoffman, we will hear from steve case. but first to our lead. britain is on the brink of a monumental decision about whether to remain in the european union. campaigners issued 11 hour appeals in the so-called brexit debate with the mayor of london calling up the fight of our lives. his predecessor calls it the last chance to take back control. polls waver between a dead heat and narrow lead for each camp. joining us to put it all into perspective is alex webb who recently relocated here from england. -- it iseporter back incredible to even believe we are at this point. what does a brexit mean? there are so many huge things that could happen here. businesses and venture capital

we have emily chang. emily: great to have you. chamath: great to be here.ly: you always have opinions, i am excited to hear your of -- your opinions on the latest activity. let's start with microsoft and linked in. great deal? chamath: it is good for both sides. for microsoft, the obvious things it does it allows them to compete better against salesforce. the second thing is, and extend the half-life of outlook. if you think about it integrating people's profiles, profile data into that usability, that become slightly more useful than it is today. it is why it is great for microsoft. for linkedin, it gives them raise to operate. trading them the past quarter, they demonstrate how fickle they were. and then what is great for the that jeff is the presumptive ceo to calm in 10 years if he decides to stay. white is great for silicon valley is jeff is smart, he is an aggressive guy. emily: do you think jeff good replace? chamath: and five or 10 years when fox deal is done, jeff will be early and ready to do this. if you give him a half trillion dollars market co

emily: i am emily chang and this is "bloomberg west." the japanese messaging app would like to make its mark. it could deliver the biggest tech ipo of the year. clinching the nomination. hillary clinton is 28 delegates shy of clinching the nomination but there are signs that california may be feeling the bern. and some of google's most promising moonshot's maybe hatched in its life sciences unit. first to our lead. just when you thought the tech ipo pipeline was dried up, the japanese messaging app is aiming for what could be the biggest tech exit of the year. the on demand meal kit startup, blue apron, is said to be taking its first steps toward an ipo. no business has raised more than $100 million in a tech ipo this year. techonomy ceo david is our guest for the hour and alex barinka joins us with more. let's talk about line. they originally filed a couple years ago at a potential $9 billion valuation. >> back then, the ipo did not go through. they are taking a different approach and looking at dual lists according to our sources. they

emily? emily: third time is the charm.f, i will throw this one a year -- link could not grow as fast as the market expected. will growying that it by 58%. what is the change in strategy, jeff? out as microsoft help linkedin grow much faster than it was before? jeff: part of the beauty of the deal, the alignment in purpose, what we are trying to a couple is, the value we bring to individuals and customers and the enterprise is those strong this is very much about sticking with the path in terms of the mission, the vision, not simply amplifying it across this very powerful microsoft ecosystem. satya, integration -- what will the process be like and how you make sure this does not turn out like nokia or, to some extent, even skype. -- skype? satya: is this something that will be expanding our market opportunity? is this at the core of microsoft? is this something we can differentiate? this checks all of those boxes. when it comes to integration, we are going to try a very different approach even. that is something jeff and i

i'm emily chang.blood bath in the markets as investors try to make sense of britain's vote to exit the e.u. tech stocks not immune. we'll go to new york to break it down. a rollercoaster of a day. break it down for us. >> sure will. earlier of course we were hearing from corey johnson talking about u.s. tech stocks. i want to take you on a little tour of what's happening elsewhere around the world starting over in japan. of course everyone thinks of technology, thinks of north asia and japan looking at kenan for example it gets about 80% of its sales abroad about 20% of its revenue directly from europe. the company says that for every one yen movement it gets hit by about $38 million when it wants to repatientary at earnings so it's been hurt by about $150 million in terms of profits. the share price has been falling and it's been seeing a loss of about $2.7 billion in terms of market cap. hitachi a similar story. one yen cuts about $50 million there and their share prices lost about $450 million ther

emily: the u.k.se of commons billassed a controversial giving spy agencies explicit authority for mass surveillance and computer hacking. the bill was modified to address concerns of apple, google, and facebook, to name a few. companies will not be required to build backdoors to their encryption and will only be required to remove such code if it is technically feasible and not especially expensive. mobile carriers will also be responsible for restoring data on behalf of spy agencies. bill falls into the hands of the house of lords for a final vote before becoming law. one stock we have been watching this week is amazon. shares hit a new record of $728 on thursday off the back of a handful of bullish analyst. speaking of amazon the company has to self publishing platform continues to change the industry for authors. analyst chief apple .poke with us earlier kawasaki: it has made publishing a democracy, a meritocracy, if you will. it used to be that an author had sosuck up to a half dozen or large pub

emily: you are adding software to the handset unit. many funds do you need to sell to get to profitability for that unit by the third quarter? john: it's a little bit different. i'm taking a lot of our software and i'm licensing to device manufacturers, people not only make phones, they make other stuff electronic. in doing so, the margin changes quite a bit. it is no longer how many hardware you sell. i talk about 3 million. if it's just being in hardware itself, 3 million will get us there. bet number doesn't have to free. the software effort, the handset selling software effort, is rather new. i just launched it internally no more than a month ago. it will take a little while to come into the picture. mily: you have two new phones coming. will be lower price phone be an all touchscreen phone? what details can you share? john: i haven't announced anything yet. i was careful to focus on the portfolio side. yes, i have two new phones planned. it will be lower and all touchscreen, yes. numbersour smart phone keep dropping. people are wo

emily: what is it like having boss?dell as an almost' pat: the questions about his role at the board. we expect them to be more involved. it will be a close relationship. lots of interaction. i talked to him all the time. there are things we have to approve. we are working together closely realeven though many decisions cannot occur until after the deal closes. how can he help us grow faster? him, it's ok, pat, how can we continue to have great success with your ecosystem partners like hp and lenovo even as i'm doing more with you? emily: you think bigger is better? megan whitman thinks leaner is better. pat: we are in a time of industry consolidation. the hardware industry is not a growth industry anymore. consolidate, maximize supply chain distribution strength. the sizes overwhelming, but when you get down to it come it makes a lot of sense. i'm excited about the potential. emily: microsoft buying linkedin. pretty massive. how much stuff has changed? pat: the industry will consolidate. there will be major consolidati