i'm emily chang.announced it is set to buy looker $2.6 billion expanding its offering to help customers manage data in the cloud. the deal is google's biggest since the smart home company acquired for $2 billion back in 2014. we have all the details. >> i am not sure if i would call this a big acquisition in terms of google's size. $2.6 billion is a lot of money, but when you're talking but the cloud world where we have seen acquisitions like github in the

♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all ourop interviews from this week in tech. coming up, after its rocky debut, uber reports its first earning results as a public company. is the ride-hailing giant really on a path to profitability? plus, alibaba is considering a megadeal that will bring china's largest company to investors on its home turf. we've got the details on a potential second public listing. and facebook shareholders pressed for more checks on ceo mark zuckerberg's power. we will bring you highlights from his annual investor meeting. first, to the top story, uber, the biggest ipo of the year, has had a bumpy start to public life. investors remain concerned about the size of the ride-hailing market, the reality of self-driving cars, and taking on another risky asset amid a worsening u.s.-china trade dispute. the ride-hailer gave insights into its growth, reporting first-quarter results thursday. dan ives, managing director for wedbush securities and bloomberg intelligence's mandeep singh joined me shortly after they

i am emily chang.announced a partnership with global payments provider moneygram which will let ripple serve as a payment of foreign exchange option for moneygram users. the ceo of ripple joined us. >> it is a big step for ripple and a bigger step for the overall industry. there has been excitement around blockchain and digital assets and what crypto can mean for the industry and the recent players like facebook are diving in. we have not seen much

i'm emily chang in san francisco. our top story of the day -- salesforce striking its biggest deal ever. the tech giant has agreed to buy tableau software for $15.3 billion. a major bid to build out its analytics offering. to discuss, we are joined by michael, ceo of a database ecosystem that helps businesses transform the industry by harnessing the power of data. it is all about data of late. what is your take on this accusation of tableau? michael: thank you for having me. the database market is incredibly strategic. you think about all modern businesses today, data is at the core of what they are trying to do and it is the lifeblood of the modern organization. this acquisition makes a ton of sense for salesforce and tableau given that companies are trying to increase leverage to gain insight about their customers and to drive action from a business perspective. you need a modern data platform in order to do that. in this case in particular, tableau provides data visualization which is helpful, another way of levera

emily: how does this change your business?obviously a shifting landscape within the cloud and lots of different companies that own parts of the cloud and bigger companies that are trying to own more and more inside the cloud. how does that change your position within it? nick: it keeps accelerating. if you look over all, a subscription economy index and shows companies in subscription businesses are growing five times faster than the average company. subscription economy is taking over the world. it shows up for consumer lives netflix, uber, etc. , it shows up at work as well. because of that, all of those companies cannot afford to sell to those customers and move on. they've got to make them successful. emily: people want subscriptions, but in a way on a consumer level, it is something customers love to hate. maybe you forget what you signed up for. maybe you don't want it anymore. you don't even realize you are paying for it. how does that translate into enterprise and how do you make sure that those customers stay happy? n

change that. if you like bloomberg news, check us out on the radio, the bloomberg gap, and in the u.s. on sirius xm. this is bloomberg. ♪ emilyfacebook hopes its new cryptocurrency will change industries, but if it's likely to change anything, it will be its messaging business. mark zuckerberg could be taking a page out of wechat's playbook. it has almost one billion users, but make no money from those essaging services. will libra be the answer? ith us we have our guests. ever since facebook bought whatsapp, the question has been how are you going to make money on it. the same with messenger. how could libra help? >> there is speculation this could be a payments play. if you have a digital currency, a digital wallet, maybe you will use that to buy goods and services, maybe pay your bill someday? we have seen how wechat has become this master app where you can do all kinds of things. there is some belief facebook could be the same thing and there is a way they could take a slice of that. emily: lawmakers have called a hearing on this in mid july. they are not happy about it. maxine waters is calling for facebook to stop devel

i am emily chang.announced $2.6 million expanding and offering to help customers manage data in the cloud. the deal is google's biggest. we have all the details. if i would call this a big acquisition in terms of google's size. million is a lot of money, but when you're talking but the cloud world where we have seen acquisitions in the last seven to eight months, this is pretty small. there was a lot of pressure on google to do something to expand its size, at least from the analyst community and investor community. we can debate whether google cares what they have to say, but this acquisition was not as big as a lot of people were hoping for or expecting. as you explained in the intro, this is an incremental change. it is a product that a lot of google cloud customers are already using and they will be able to sell them together. emily: we were just looking at graphics showing past acquisitions, and one of their biggest acquisitions, motorola, didn't turn out so well. some would argue that the nest ac

i'm emily chang.announced it has agreed buy looker data science for $2.6 billion, expanding its offering to help customers manage data in the cloud. the deal is google's biggest since it acquired the smart home company nest labs for $2 billion back in 2014. bloomberg's gerrit de vynck gave us all the details. gerrit: i am not even sure if i would call this a big acquisition in terms of google's size. $2.6 billion is definitely a lot of money, but when you are talking about the cloud world where we have seen acquisitions like github in the last seven to eight months, this is pretty small. there was a lot of pressure on google to do something to kind of expand its size, at least from the analyst community and investor community. we can all debate whether google cares what they have to say, but this acquisition was not as big as a lot of people were hoping for, expecting. as you explained in the intro, this is a little bit of an incremental change. it is a product that many google cloud customers were al

emily: i'm emily chang in san francisco and this is "bloomberg technology." facebook's crypto play. the tech giant unveils a new cryptocurrency called libra that they hope will be used as widely as the dollar. skeptics are speaking out. jinpingt trump and xi will meet at the g20 to relaunch trade talks, triggering a rally in the market. amazon and netflix targeted in a campaign from a large group of investors: for transparency in environmental impact -- investors calling for transparency in environmental impact. facebook is launching a cryptocurrency called libra. they want you to think of it like the u.s. dollar but when you can use globally. it is backed by government supported currencies. it is the culmination of a year-long effort as facebook seeks to spur growth on various platforms. uber, visa,ipe, mastercard or among almost 30 companies supporting the project. will this make it to the mainstream or will it be another overhyped facebook product that doesn't take off? tweeted,herrod brown "facebook is already too big and too powerful and uses data to exploit privacy. we cannot

♪ emily: i'm emily chang in los angeles and this is bloomberg technology.oming up in the next hour, why the threat of antitrust elation has silicon valley and tech investors on edge. plus, after a rocky ipo underwritersuber's are defending the stock with bullish calls. chinese authorities continue to push back on censorship. just how high can the great firewall in china really go? the u.s. government is increasing its scrutiny of big tech companies. on top of the department of justice and federal trade commission conducting oversight and possible probes into google, facebook, apple, and amazon, the house judiciary says it will spearhead its own investigation into possible antitrust practices. house lawmakers plan to hold hearings, endorsed by house speaker nancy pelosi, who had this warning. " unwarranted, concentrated power in the hands of a few is dangerous, especially when digital platforms control content. the era of self-regulation is over." developmentlatest today in terms of all these potential or actual investigations? >> the only confirmed new inve

i'm emily chang in san francisco. onh drag down u.s.monday in a report that the government is considering antitrust investigations into facebook, google, apple and amazon. the nasdaq at one point plunged more than 2%. the ninth largest drop on record. joining us to discuss is the senior research analyst daniel. no official antitrust probe happening. dividing up and ftc response ability for potential antitrust probes should they happen, but investors should not take this lightly. what does this mean for the markets? daniel: i think it means these companies are potentially going to have to adjust their business models. what is important to these companies and the societies that these companies operate in is to bring a level of transparency to everything. if we think about their platforms, the need to demonstrate that people or other companies that might participate are able to do so in a fair way. i think the other piece of this is around user data. the companies need to do a better job explaining to their users how the data is being used

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." huawei says u.s.anctions could billion as by $30 they prepare for a drop in international smartphone shipments. company, bobr swan, says he doesn't believe tariffs are an effective way to drive global trade. problem.ids, a the vast majority of children are not watching. the smartphone market taking a huge hit in the trade war. apple's iphone could be seen weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. the company is ready for a drop of up to 60% in international smartphone shipments. founder expects to/revenues by $30 billion -- to slash revenues by $30 billion over the next few years. international shipments that go outside of china account for about half of huawei smartphone sales, and that is a chunk. >> he talked about the revenue hit. they don't want to resort to mass layoffs, they don't want to sell off parts of the business, and they don't want to reduce research and development spending it people close to the -- spending. people clos

i am emily chang in san francisco. this is "bloomberg technology." coming up, president trump says the u.s. should sue google and facebook. this, as executives are grilled on capitol hill. it is ahead of the first democratic presidential debate. plus, a legal loophole. american companies finding a workaround on the u.s. ban on huawei. will it last? apple hires a key chip designer as it pushes to make its own semiconductors. how this could be a game changer for future gadgets. shares of facebook and google dropping on the heels of another presidential rant against u.s. social media companies. here is what president trump told foxbusiness. "we should be suing google and facebook, and perhaps we will, ok?" to talk more about the reaction, let's go to our reporter in new york. shares did react to the president's remarks. what happened? >> absolutely they did. you look at facebook and google, you just saw the share prices. down 0.6%, so not anything huge. minimal -- still pretty minimal, but we clearly saw before markets op

i am emily chang in san francisco.k coo sheryl sandberg says the social network is working to put safeguards in place to stop election interference ahead of the 2020 u.s. election, but is it too little, too late? she spoke to caroline hyde in an exclusive interview. and talked about the scrutiny. sheryl: you see something that is targeted to you and you think it has violated your privacy to get there, it's really creepy and scary and a lot of people believe that. if you understand the truth, which is we have not given any individual information, but we have just taken that ad and shown it, all of a sudden, it is a better experience. we have to do a much better job explaining our business model and explaining why targeted advertising is so important to small businesses around the world so that people feel more comfortable because it is a great service. caroline: in a one-on-one message, you would still see that ad, but it would not feel creepy because it is a one-on-one message? sheryl: we are working on it. but again,

♪ emily: i'm emily chang and this is the "best of bloomberg technology" whoever you bring you all ofur top interviews. slack makes its public debut but not by the usual path. and facebook reveals plans for its own cryptocurrency but lawmakers are pushing back. and we have an exclusive sit down with sheryl sandberg who responds to the controversy. first, to our top story. slack makes its public debut the at a direct listing on the new york stock exchange, opening 48% above its reference price. valuing the software messenger at more than $20 billion, a big increase from the last private valuation. 70.1raised money at a billion dollar valuation. slack rightwith before shares began trading. >> at this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. the same thing will happen tomorrow and we are very much focused on the long-term. you are still paying large fees to bankers. you raise a lot of money. so what problem are you really solving by doing a direct listing versus a traditional ipo? >> the first is there is no ne

♪ : i am emily chang in san francisco, and this is " bloomberg technology."oming up facebook under , scrutiny again. ceo mark zuckerberg may have been aware of problematic privacy practices. plus, crowdstrike makes its public debut but shares fall. we will hear from the cybersecurity firm's ceo. and china's unicorn capping global lenders but in the midst of a u.s. trade war, is it a risk to investors? first, to our top story, facebook shares took a hit earlier today after the wall street journal reported mark zuckerberg knew about the social network's problematic privacy practices. facebook uncovered emails in the process of responding to a federal privacy investigation, raising concerns that they would be harmful to the company if they became public. the journal says that is part of the reason why the company salt -- sought a quick settlement. here in me in san francisco, our bloomberg tech executive editor, so, tom, explained this to me here. the nuts and bolts here. what is the journal saying that facebook uncovered? tom: they are referring to an email exc

let's bring in emily chang.019's bumper crop or wildlylanguishing exceeding expectations, slack is taking a route that it hopes will provide a more boring outcome, a direct listing. i'm joined from the trading floor by the company's cofounder and ceo and cfo. thank you for joining us. congratulations, a big milestone. the stock is indicated to open $35 per share higher than your of $26.e rice how confident are you as you wait for the stock to start trading about the process? that a direct listing was the way to go? >> we will see. at this point it has been working exactly the way it was supposed to work. we will have a high, a low, we will close, and the same thing will happen the next day, and the next day. we are focused on the long term. you raised money on the private market. what problem are you doing by doing a direct listing versus the traditional ipo? no need to raise primary capital. we came in with $800 million on the balance sheet. howid get more freedom in we tell the story. in addition to our road s

i'm emily chang. let's return to our top story.k unveiling plans for new cryptocurrency called libra. that will launch as soon as next year. lots of excitement but also lots of questions. joe weisenthal spoke with an executive at facebook to talk about how the cryptocurrency will be regulated. >> it's the best database structure because if you want decentralized governance over something that should be governed as a public good, this is the best way to do achieve this. we went to the blockchain route launch -- the timely by the time we launch we will have a hundred different global organizations to dissipate in this new network. 27 organizations right now. we needed a way to decentralize governance because no one company should control a network that is basically a protocol for value on the internet. >> let's talk about some of those launch partners. one thing people noticed, there are no major tech companies and no traditional existing banks as we know them. were they approached? was there any reason for their absence? >> i know y

emily: i'm emily chang and this is "best of bloomberg: technology." we bring you all of our top interviews from this week. apple's top supplier is coming up with a contingency plan to move out of china if the trade war continues. will other tech firms follow? shares soar on the first day of trading, we hear from this security firm crowdstrike's ceo. , congress is challenging the industry. we hear from a top lawmaker who does not think big is necessarily bad. first, to our top story. apple has a backup plan if the trade war continues to escalate. manufacturing partner says they can make all iphones bound for the u.s. outside of china if necessary. our tech editor joined us with the details. >> this is an executive who was talking to investors and other people in taiwan. our reporter in asia was there to listen. this is more of a plan. they did not ask foxconn to do this yet, but they are saying they are very capable of doing it. it has raised a lot of questions. we spoke to an analyst and he was saying that if you are talking about final assembly, whic

♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology."oming up in the next hour, washington has turned the antitrust lights on, but big tech is ready. legal teams are already in place. plus, the trump administration reveals new possible timetables for tariffs against china and mexico. what could slow down the global trade war? and if you are being inundated with robocalls every day, help may be on the way thanks to a new initiative from the fcc. but could scammers and bogus callers still find a way to get with robocalls every day, help through? first, to our top story. big tech is mounting its defense against u.s. antitrust scrutiny. long before the department of justice and federal trade commission divided oversight of the biggest tech companies. the big four have been spending big on lobbying and continue to their in-house legal teams with numerous antitrust lawyers who served in the government. in the first quarter of this year alone, amazon, google, netflix, and facebook spent a combined $11 million on lobbying. six david, is there a

i'm emily chang in san francisco. let's recap our top story.ned out to be a month to forget for u.s. equity investors. the s&p 500 posted is worst month of the year. the benchmark delivering is worth may of return in seven years and the second worst since the 1960's. for traders watching the nasdaq 100, no better. falling to the lowest level since the end of march and the worst month since december. qualcomm, tesla among the biggest laggards. meantime, 2018 was a record-breaking year for venture capital. with the rise of supersized funding rounds and astronomical deals. this year, one venture capital firm said no to more cash. maveron just announced its seventh fund, another $180 million. maveron says it turned away $70 million. it is backed by several companies including ebay. joining us to discuss is anarghya vardhana, a maveron partner. thank you for joining us. why turn down $70 million? anarghya: in an era where funds are raising more and more money, we thought for us, it is about being disciplined, being focused. it is being a small fund

i'm emily chang.ba is said to be continuing a $20 billion share sale in hong kong, following the record-breaking ipo in new york in 2014. the news coming as tensions between the u.s. and china escalates, leaving chinese companies grappling with how to deal with an increasingly hostile u.s. government. the megadeal would bring china closer to home. elizabeth: what we know is alibaba is looking at applying for permission to file this ipo later this year. this is a big coup for hong kong after missing out on the initial ipo five years ago, the biggest one ever. this is their opportunity to win back their national treasure of a company. emily: how much if anything does this have to do with trade tensions between the u.s. and china? the timing is interesting. this is being called trade war ipo. people think this is an unattractive time to look for domestic investors, the kind of investors that use this company every day unlike american investors who could start turning away from chinese investments. the ot

i'm emily chang. slack debuted above its reference price, it has been a calm down over the past couple days. stocks down 7.5% from where it closed on opening day and is not just slack that might be in the midst of a correction. over the last three market sessions, others have been lagging behind the s&p. our next guest is a board observer in the company and has -- in a venture capital firm, has invested in stripe, medium, and other things. good to have you. you invested at about a $1 billion valuation and you are now 15 or 20 times that, not bad. how does it feel getting to this moment when there was a point when stuart butterfield wanted to give all his money back to investors. >> it's been a wild ride with slack. it's been almost five years since we invested in the company and that was the early days of what slack actually is now. they pivoted from a gaming company and to the product we are now know. -- we now know. it has been a wild ride over a relatively short time to get the company out there is

i am emily chang.nounced a partnership with global payments provider moneygram which will let ripple serve as a payment of foreign exchange option for moneygram users. the ceo of ripple joined us. >> it is a big step for ripple and a bigger step for the overall industry. there has been excitement around blockchain and digital assets and what crypto can mean for the industry and the recent players like facebook are diving in. -- reason players like facebook are diving in. we have not seen much beyond experimentation and at ripple we are the market leader because we have matured aggressively and are solving real problems for real customers. moneygram is a manifestation of that and the second-largest global remittance company. we have a big impact with one customer and one partner. emily: western union has tested ripple to use for its network but said it is more expensive. is moneygram saving money by using ripple? >> western union said -- they have been around for decades and they said in our beta time,

emily chang is standing by in san francisco. of the early details to come out of the event today and mark emily: we are about -- come out of the event today? emily: so far we have seen tim cook, the ceo on stage talking about a new generation of apps, software that is intended to tie all of apple's devices together, iphone, apple watch, laptop, your desktop. what we've seen so far is then unveiling a new watch operating untethers the watch from the phone. the idea is you can use all of this separately from the iphone, and the watch itself is more independent. we have also seen the head of software on stage unveiling on u.s. 13, the latest version of the mobile operating system. ist we expect to see later apple to unveil some tools for developers that will enable them to develop apps not just for the those thatwatch, but can also work on your laptop or desktop, which makes sense, and enables developers to put their efforts into one thing, rather than two or three different versions of the same thing. now seeing apple falling to s

♪[music] >> i'm emily chang in san francisco. this is bloomberg technology.ech in the firing line of the u.s. government. andabet, facebook, apple amazon may be set to face anti-trust probes. apple as itny over rolled out its new software and hardware plan. key takeng you the takeaways. and the u.k. may not agree with everything president trump says, but could the two sides find common grounds when it comes to huawei? to our top story here. alphabet, facebook, apple and amazon tumbled on monday. they could be the target of u.s. probes.st in google's case, the department anjustice is mulling investigation into potentially anti-competitive tactics. meantime, the federal trade commission would oversee a look facebook'sr practices harm competition in the digital market. and facebook make up more than half of digital ad revenue in the united states. amazon doesn't dominate the digit ad market but it does own, up to half of the e-commerce market. potential amazon probe would fall under the oversight of the f.t.c. got sally, with the open markets institute. to that,

♪ emily: i'm emily chang in san francisco and this is bloomberg technology.oming up, a popular messaging software spikes in its first day as a public company. plus, trade war woes. apple makes simply to the white house, saying new tariffs will hurt its contribution to the u.s. economy. lawmakers in washington to take action. we will hear from the senator who spoke out first. workplace messenger slack soaring in its trading debut. after forgoing the traditional ipo, the company's shares opened at $38.50, 48% above. point, climbed as high as $22 a share, more than double the last valuation on the private markets. it makes it one of the most viable companies to hit the markets this year, but will it be able to avoid the slump of uber, both trading below? is a couple correspondence. jason horowitz is an investor in -- and stephen, you were at microsoft for more than two decades, which is a slack competitor. can slack fend off the big guys? >> well, can microsoft fend off slack? right now, the way the industry leaders have talked about slack, it's generally viewed

i am emily chang. ripple announced a partnership with global payments provider moneygram which will let ripple serve as a payment of foreign exchange option for moneygram users. the ceo of ripple joined us. >> it is a big step for ripple and a bigger step for the overall industry. there has been excitement around blockchain and digital assets and what crypto can mean for the industry and the recent players like facebook are diving in. we have not seen much beyond experimentation and at ripple we are the market leader because we have matured aggressively and are solving real problems for real customers. moneygram is a manifestation of that and the second-largest global remittance company. we have a big impact with one customer and one partner. emily: western union has tested ripple to use for its network but said it is more expensive. is moneygram saving money by using ripple? >> western union said -- they have been around for decades and they said in our beta time, when the product had not launched, th

♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all ourop interviews from this week in tech. coming up, after its rocky debut, uber reports its first earning results as a public company. is the ride-hailing giant really on a path to profitability? plus, alibaba is considering a megadeal that will bring china's largest company to investors on its home turf. we've got the details on a potential second public listing. and facebook shareholders pressed for more checks on ceo mark zuckerberg's power. we will bring you highlights from his annual investor meeting. first, to our top story, uber, the biggest ipo of the year, has had a bumpy start to public life. investors remain concerned about the size of the ride-hailing market, the reality of self-driving cars, and taking on another risky asset amid a worsening u.s.-china trade dispute. the ride-hailer gave insights into its growth, reporting first-quarter results thursday. dan ives, managing director for wedbush securities and bloomberg intelligence's mandeep singh joined me shortly after they

emily: i'm emily chang. coming up, after it's rocky --iew its home turf. we've got the details on a potential second public listing. and facebook shareholders pressed for more checks on ceo mark zuckerberg's power. we will bring you highlights from his annual investor meeting. first, to the top story, uber, the biggest ipo of the year, has had a bumpy start to public life. investors remain concerned about the size of the ride-hailing market, the reality of self-driving cars, and taking on another risky asset amid a worsening u.s.-china trade dispute. the ride-hailer gave insights into its growth, reporting first-quarter results thursday. dan ives, managing director for wedbush securities and bloomberg intelligence's mandeep singh joined me shortly after they came out. dan: right now for investors, the focus is on growth, take rates, and bookings. the last thing you want to do is back yourself into a corner, talking about profitability lovers. it's going to take a few years. right now, they're doing the right things. i view this as a step in the right direc

i'm emily chang.s said to be continuing -- considering a $20 billion share sale in hong kong. this would follow its record-breaking $25 million ipo in new york in 2014. the news coming as tensions between the u.s. and china escalate, leaving chinese companies grappling with how to deal with an increasingly hostile u.s. government. the megadeal would bring china 's largest investor -- largest company closer to investors at home. we spoke with our reporter. elizabeth: what we know is alibaba is looking at sort of applying for permission to file this ipo later this year. and obviously, this sort of a big coup for hong kong after missing out on that initial ipo five years ago, the biggest ever which new york won. this is their opportunity to win back this big national treasure , of a company. emily: how much if anything does this have to do with trade tensions between the u.s. and china? elizabeth: the timing is really interesting. this is being called a sort of trade war ipo. there definitely seems to be

i am emily chang. the u.s.udiciary committee held hearings on tuesday to discuss whether or not big tech has gotten too big. they kick things off by looking at the detrimental effect the internet has had on journalism. for example, according to a december study from pew research, more american adults now get their news from social media then they do from print newspapers. a top republican on the judiciary committee, congressman doug collins, attended the hearings and spoke with bloomberg's vonnie quinn and tom giles. rep. collins: the journalism protection act it is something , that is on how tech can work together to provide a better platform so that everyone in the process can be enriched in this. i think the interesting thing is we don't want to lose out on the local content, local flavor that the big platforms are just not going to cover. and frankly, the big platforms and tech platforms don't want to lose out on the content it helps them generate as well. but this is an opportunity for everyone to come to

i'm emily chang. google announced it is set to buy looker $2.6 billion expanding its offering to help customers manage data in the cloud. the deal is google's biggest since the smart home company acquired for $2 billion back in 2014. we have all the details. >> i am not sure if i would call this a big acquisition in terms of google's size. $2.6 billion is a lot of money, but when you're talking but the cloud world where we have seen acquisitions like github in the last seven to eight months, this is pretty small. there was a lot of pressure on google to do something to expand its size, at least from the analyst community and investor community. we can debate whether google cares what they have to say, but this acquisition was not as big as a lot of people were hoping for or expecting. as you explained in the intro, this is an incremental change. it is a product that a lot of google cloud customers are already using and they will be able to sell them together. emily: we were just looking at graphics sh

i'm emily chang. alibaba is said to be continuing a $20 billion share sale in hong kong.his follows the record-breaking ipo in new york in 2014. the news coming as tensions between the u.s. and china escalates, leaving chinese companies grappling with how to deal with an increasingly hostile u.s. government. the megadeal would bring china closer to investors at home. elizabeth: what we know is alibaba is looking at applying for permission to file this ipo later this year. obviously, this sort of a big coup for hong kong after missing out on that initial ipo five years ago, the biggest one ever. this is their opportunity to win back their national treasure of a company. emily: how much if anything does this have to do with trade tensions between the u.s. and china? elizabeth: the timing is really interesting. this is being called a trade war ipo. there definitely seems to be some element of that that people think this is an unattractive time to look for domestic investors, those kind of investors that use this company every day, unlike american investors, who could start t

. ♪ emily: i'm emily chang and this is "best of bloomberg: technology."ing you all of our top interviews from this week. apple's top supplier is coming up with a contingency plan to move out of china if the trade war continues. will other tech firms follow? shares soar on the first day of trading, we hear from this security firm crowdstrike's ceo. , congress is challenging the industry.

emily: i'm emily chang in san francisco. this is "bloomberg technology." hour, the ongoing trade dispute is taking a toll on broadcom. they report big sales, misses, and cuts in full-year revenue. alibaba is setting its sights on hong kong. fake out. politicians are speaking out. deep

♪ in san emily chang francisco, and this is "bloomberg technology."uul,ancisco is home to but officials seem to have to want nothing to do with it. plus, cyberattacks linked to the u.s. and iran. what is the endgame? oracle challenges of bidding process with the u.s. defense department. will it force the process to stop? san francisco is expected to be the first city to ban e-cigarettes. they will hold a final vote to ban the distribution and manufacturing of e-cigarettes, making them illegal to sell in stores or online. if approved, it will be signed into law. it could pit the city against juul labs. ands backed by big tobacco brought in more than $500 million in revenue. this with us are our guest. what is the status of this right now? city are waiting for the to vote on whether to take this step. we are expecting it in the next couple of minutes. become a really controversial company. san francisco doesn't like him. the main reason is kids are using their products. emily: the health risks are largely unknown. you are inhaling heated liquid nicotine

♪ emily: i'm emily chang and this is "the best of bloomberg technology."ebut, cougary reports first earnings results. is the giant on a path to profitability? and alibaba is considering a megadeal that will bring the company closer to investors. we have a detail on a potential second listing. and facebook shareholders pressed for more checks on zuckerberg's power. we bring you highlights from the annual investor meeting. uber has had a bumpy start to public life. investors are concerned about the size of the market, the reality of self driving cars, and taking on another risky asset. the ride-hailer gave insights into growth reporting first-quarter results thursday. joined with guests shortly after it came out. >> right now, the focus is on growth and bookings the last thing -- and bookings. last thing you want to do just back yourself into a corner. is just back yourself into a corner. it has been a shaky start since the idea -- the ipo. emily: what is your take on this continued level of losses? the ceo said it will be an investment here, they will conti

emily: i am emily chang in san francisco and this is "bloomberg technology." coming up, slack prepares to hit the public market, expected to get a valuation near $17 billion. the latest on the imminent direct listing. target on big tex. protesters descend on the google shareholder meeting. executivesk pay for

i'm emily chang in san francisco. as one of the biggest names in tech design, john maeda was the president of the rhode island school of design, became a design partner at the venture capital firm kleiner perkins and has authored several books. he is now decided to leave the world of silicon valley and instead compete with it head on. he became the chief experience officer at publicis sapient to help legacy companies compete with tech giants. he joins us now in the studio. you are still working on some silicon valley projects. john: i will transition in august to publicis sapient. emily: of all the jobs you could have had, why do you want to now help legacy companies compete? john: i love startups, but i also love end-ups. the companies that have ended up successful and losing to startups. startups and big to control the world, a little competition would not hurt. emily: what is your take on this wave of anti-tech companies, all the way up to the u.s. government happening now? john: i think it is completely natural be

♪ emily: i'm emily chang in san francisco, this is "bloomberg technology." under report, the u.s.ustice department is close to approving the sprint-t-mobile merger despite early hurdles in the way of a deal. what are the chances the $26 million transaction -- billion dollar transaction goes through? agencies prepare for antitrust investigations, who will come out on top? spreeor the buying during chewing dot-coms first day of buying has really been seen since the 2008 crisis. the u.s. justice department is nearing approval of t-mobile's $26 billion merger with sprint. this is according to "the new york times." a group of states sued to block the deal claiming pressure on the justice department. our reporter joins us from new york, what do we know? has been the doj continuing negotiations with sprint and t-mobile about how to approve the deal. sprint and t-mobile have promised to do vest a number of assets that include the prepaid phones. also some spectrum assets to the sec. the doj torking with potentially offload some other assets. they have a list of buyers the doj would be com