money and power collide -- in silicon valley and beyond, this is bloomberg technology with emily chang. emily emily chang in san francisco and this is bloomberg technology. spotify shares soar -- addressing that turmoil over the world's most popular podcast. bitcoin had a rough

money and power collide -- in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily emily chang in san francisco and this is bloomberg technology. spotify shares soar -- addressing that turmoil over the world's most popular podcast. bitcoin had a rough month, down 70% this january, the worst since last may. fresh off a $32 billion evaluation -- why we are seeing a crypto winter -- we will discuss. and out at volt -- the young company ceo stepping down two weeks after helping to secure billions in valuation for the fintech start up. all that in a moment, but let's get to the markets and a massive regret -- rat -- massive rebound. ed ludlow is checking it out. ed: nothing to write home about. if you take it on a two day basis, we think about friday and monday, it's the biggest two day drop since november. you see it in the semiconductor index. experiencing a big two day leap. investors focused on the outlook for the fed and higher rates. in this risk on environment, we've got most of the cryptocurrencies bloomberg tracks up, the biggest jump since november.

money and power collide -- in silicon valley and beyond, this is bloomberg technology with emily chang. emilym emily chang in san francisco and this is bloomberg technology. a hot start to 2020 two for tesla -- shares surging after the electric car record smashed earlier records r li

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang. emilym emily chang in san francisco and sign up slow down, netflix missing on subscribers. we break down the numbers. plus, pressing

with emily chang. emily: i'm emily chang in. san francisco. . this is "bloomberg technology."billion dollar deal. microsoft agreeing to buy activision blizzard and all past transactions for the third biggest gaming company.

money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emilyemily chang and this is "bloomberg technology." in the next hour, no slowing down for meta-. the company denies a report it plans to halt the development of its ar and vr businesses. we

this is "bloomberg technology," with emily chang. emilyily chang in san francisco and this is "bloomberg technology." another record for apple despite supply chain issues, we will break down their quarterly report. robinhood results are out one

money, and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. emilychang in san francisco. coming up in the next hour, the verdict is in. elizabeth holmes found guilty of fraud and facing up to 20 years in prison. where her case goes from here.

emily chang. -- bloomberg technology with emily chang. y chang in san francisco and this is bloomberg technology. no slowing down for meta. they plan to how the developing of their ar and vr illn

, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emilyg and this is bloomberg technology. in the next hour, a reality check for apples headset facing a new delay. what this means for the iphone makers push into the metaverse.

money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilychang in san francisco and this is "bloomberg technology." coming up in the next hour, taking response ability. house committee invest getting the january 6 attack on the u.s. capitol has subpoenaed big tech social media giants, demanding mo

emily chang. -- bloomberg technology with emily chang. emily: i am emily chang in san francisco and this is bloomberg technology. no slowing down for meta. they plan to how the developing of their ar and vr illnesses. we discussed. plus, how'd never getting the chip shortage is a supply chain pain and their outlook for 2022. and looking for opportunities, we will look as they try to diversify southbank's opportunity and latin america fund despite the ongoing pandemic. all of that in a moment but first, tech stocks getting hammered and fears about omicron are mounting. ed ludlow is here. ed: that route is really deepening. painting a picture of earlier and faster rate rises throughout 2022. the nasdaq 100 is very tech heavy index and followed by the most dense march. mega cap tech stocks seeing heavy losses. we also saw significant losses in u.s. listed chinese companies. down 2.6%. tencent cutting its stake in an online gambling and gaming company that is concerned we shall see other chinese companies through that as well. of course, this

with emily chang. emily: i'm emily chang in san francisco. this is "bloomberg technology." a $69 billion deal. microsoft agreeing to buy activision blizzard in an all cash transaction for the third biggest gaming company. you details on what happened in my exclusive interview. a tone of optimism when it comes to government funding for chipmakers. all of that and more will we get a look at markets and the roller coaster start to the year. ed ludlow is here with the latest in tech. >> this chart tells the story on was a. this is the nasdaq. the very tech heavy index. you can see between gains and losses. it is all about learning season. all those big names in tech. the markets are still concerned about the outlook of rates. if we bring up the next board and look at where we are during the day, risk off mode, not just the nasdaq but they are continue to slide. crypto is moving with that risk off sentiment. it is the time we start talking about the idea of a correction. a technical correction. the white line is 10%. basically, we're getting near a 10% drop. we saw the in march o

money, and power combined in a silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilyy chang in san francisco, and this is "bloomberg technology." coming up, robinhood says it will allow most employees to work from home permanently. we discussed the continuing

money, and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. emily: i'm emily chang in san francisco. coming up in the next hour, the verdict is in. elizabeth holmes found guilty of fraud and facing up to 20 years in prison. where her case goes from here. despite multiple major companies pulling out of ces, the conference is pushing full steam ahead. we sit down with gary shapiro, who runs the annual tech show, this hour. and death to the blackberry. the end of an era for the iconic handheld device. services no longer supported after today. what it means for the company turned meme stock. we will get to that any moment, but a look at stocks. ed ludlow is here with more. ed: we heard the story before. the outlook for higher interest rates, a discount for future profits in the tech sector. that was the psychology of investors on tuesday. nasdaq 100 a very tech heavy index. also starting slightly higher at the beginning of the session. kind of basking it and having the tech stocks falling by the most in two weeks. there was some outperformance down to t

with emily chang. emily: i'm emily chang in san francisco. this is "bloomberg technology." a 69 billion dollar deal. microsoft agreeing to buy activision blizzard in an all cash transaction for the third biggest gaming company. new details on how it came together, and the antitrust fund, -- the antitrust fund -- verizon and at&t agreeing to delay 5g around key airports. the real risks and when the new service will take place. and airball. the nba finds itself in a controversial link to china. involves a serial dealmaker, a part owner of the golden state warriors. we have the details. let's get a look at the markets. stocks falling across the board. the tech heavy nasdaq 100 sinking more than 2.5 percent. dragging down apple and metta. >> you think you are coming back from a long weekend, a nice and relaxed start. financial markets picking up where we left off. rising yields, outlook for interest rates. rate hikes sooner and faster. that has impacted tech stocks with stretched multiples. nasdaq 100 down at his lowest level since october. semiconductors. the philadelphia semic

money and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. ♪ emilyly chang in san francisco and this is "bloomberg technology." microsoft slowing crowd -- cloud growth as investors overlook the strong second-quarter report.

innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and sign up slow down, netflix missing on subscribers. we break down the numbers. plus, pressing pause. pella tom halting production of a signature bike ironically just after they added a pause but to the bike utterly. -- button to the bike literally. senate lawmakers advance what could be their biggest chance to rein in big tech. some are still raising red flags. looking at the future of the u.s. big tech crackdown. the market saw a big change in direction late in the day. what happened? >> day by day, blow-by-blow, minute by minute. we go from a 1% gain on the nasdaq 100, heavy tech index to a 1% decline. 10% drop from a high to a trough. the whole market turned a corner late on thursday afternoon. n.y.c. bank plus index. they had been up so much earlier in the session and declined 3/10 of a percent. chip stocks had a really rough start with a bad streak. lower than october. the longest losing streak in a month and investors really changing sentimen

money, and power combined in a silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilyi'm emily chang in san francisco, and this is "bloomberg technology." coming up, robinhood says it will allow most employees to work from home permanently. we discussed the continuing trend away from the office. plus, hbo max has its biggest digital premier ever with "euphoria." from netflix versus disney to apple and more, we have more on the streaming wars. and what employers and employees say are the best in tech and why. continuing a comeback with a big focus on inflation. ed ludlow is here with the latest. ed: we get the biggest inflation sprint in four decades. 24 hours prior speaking at a confirmation hearing on capitol hill, chair powell said the fed will act to stem inflation. you see a muted reaction. the nasdaq 100, a very tech-heavy index, up 1.4%. a rebound after pretty heavy losses to start the year. in the crypto space, you also saw some buoyancy, particularly driven by bitcoin, which briefly lost $44,000 per token. you see the crypto index, which includes eithere -- eth

money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i'm emily chang and this is "bloomberg technology." in the next hour, no slowing down for meta-. the company denies a report it plans to halt the development of its ar and vr businesses. we discussed. how palantir is navigating the chip shortage. the outlook for 2022. looking for opportunities? we will speak with people as they look to diversify softbank's opportunity in latin america despite the pandemic. all of that in a moment. tech stocks getting hammered. omicron is mounting. ed ludlow is here. take it away. >> it is all about the fed minutes, painting a picture of earlier and faster rate rises through 2022. the nasdaq and 100, falling for the most since march 2020, down 3%. the nyse, tech stock seeing heavy losses and losses in u.s. listed chinese companies. the golden dragon index down. tencent cutting its stake in an online gambling and gaming company over concern about other chinese companies doing that. this is about the fed minutes, the outlook for rates in 2022. at the be

money and power collide -- in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and this is bloomberg technology. a hot start to 2022 for tesla -- shares surging after the electric car record smashed earlier records for deliveries. will the company keep up momentum? not a verdict but a big development in the elizabeth holmes trial. the jury is deadlocked on three of the 11 counts. what does that mean? we will bring you the details. and the 5g delay -- the u.s. wants to postpone the rollout due to concerns the airwaves could make airplanes laissez. -- less safe. verizon and at&t vowing to launch their 5g services anyway. we will tell you but the latest with a showdown with the faa. u.s. stocks starting 2022 at a record and apple hitting a new record as well -- a $3 trillion market cap. it was brief, but it happened. >> not only did it hit 3 trillion but it puts the s&p 500 and drove nasdaq gains as well, but it was not alone. tesla coming out with very big news. your primary drivers for the s&p 500, tesla coming out with a record

money, and power combine in a silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilychang in san francisco, and this is "bloomberg technology." coming up, remote first for robinhood. the company says it will allow most employees to work from home permanently. we discussed the continuing trend away from the office. plus, hbo max has its biggest digital premier ever with "euphoria."

novation, money and power collide, in silicon valley and jan, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and this is bloomberg technology. tesla shares falling after hours after the ev maker says supply constraints will continue through the rest of the year. plus, from streaming wars to consolidation, we will talk about what to expect with former disney streaming head kevin meyer, who is racking up new projects with kindle media. and a firm is souped up with the launch of a super app. what does that mean for the future in crypto? i will speak with the ceo. first, stock gains fizzling after jerome powell signals the fed will steadily unwind its pandemic era stimulus as it fights elevated inflation. ed ludlow here with more. ed: the day starts and we are focused on earnings. it endw with the fed. -- ends with the fed. i put microsoft on the board because microsoft does close up after our strong earnings print on tuesday night. weakest points gainer on the index. we are pretty certain we will have a rate left off in march. we come with that the shrinking of

this is "bloomberg technology," with emily chang. emilyi'm emily chang in san francisco and this is "bloomberg technology." another record for apple despite supply chain issues, we will break down their quarterly report. robinhood results are out one year out from the gamestop fiasco. coupled with regulators on the trading platform? we will discuss. breaking up, not so hard to do on -- for softbank. the ceo is in top stew split after asking for $1 billion in compensation. we will get to that in a moment but first let's look at the markets. ed ludlow is here looking at the big picture. give us that snapshot. ed: spoiler, they had a great first quarter but the markets first, the nasdaq 100, closing that tech heavy index swinging from gains to losses. i bring up apple. is the big beat going to change the psychology of the market that has been so focused on the outlook for rates and what will happen to those stretch valuation bank stocks with chinese adr under pressure? tesla is down, 108 billion dollars in market cap shares with its biggest p

, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emilyi'm emily chang and this is bloomberg technology. in the next hour, a reality check for apples headset facing a new delay. what this means for the iphone makers push into the metaverse. the largest crypto fund debate. crypto exchange stx is launching to billion-dollar venture fund. our conversation with the person in charge, putting on the caster work. the internet's latest subsection, wrodle. how a game invented in 2018 is suddenly going viral. we will get to all of that in a moment. let's look at the markets. volatility was the buzzword of the day. ed ludlow has the latest. ed: still the buzzword of any day but it has been a jittery week in financial markets with volatility, choppy trading. investors taking on rising yields. the outlook for rates. inflation. the omicron variant. we ended friday right, with a rebound in stocks late in friday's session. you see that our performance in the nasdaq, closing out .8% while the s&p is flat. out in mega caps. the bank index up more than 1%. t

novation, money and power collide, in silicon valley and jan, this is bloomberg technology with emily chang. emilyemily chang in san francisco and this is bloomberg technology. tesla shares falling after hours after the ev maker says supply constraints will continue through the rest of the year.

money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: i am emily chang in san francisco. this is "bloomberg technology." coming up, netflix shares plummeting. we break down the numbers. plus, peloton halting production , after the company added a pause button, literally. send lawmakers advance the biggest chance to date to rein in big tech. some are still raising red flags. we will debate the future of a u.s. big tech crackdown. first, let's look at the markets , big change in directions late. ed ludlow has the latest. ed: yes, blow-by-blow, minute by minute, this is the session. you can see this bearish turn in the afternoon. 1% gain to a 1% decline. that puts the index and correction territory. that is the story of the year so far. this was broad-based. the whole market turned a corner late thursday afternoon. make a cap -- make a cap -- megacap stocks having a rough start. the lowest level since october. the longest losing streak, four days in a month. ironically, you see this index up to percent throughout the session. late to the p

money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ ♪ emilyhang in san francisco, and this is "bloomberg technology." coming up, time for caution? mark mahaney tells us which way the roller coaster is heading. the u.s. supreme

money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilyi'm emily chang in san francisco and this is "bloomberg technology." coming up in the next hour, taking responsibility, the house committee invest getting the january 6 attack on the u.s. capitol has subpoenaed big tech social media giants, demanding more information from alphabet, meta, twitter, and reddit. we will tell you what they want to know. plus, tech executives meeting to combat threats. we will hear from them. and tiktok megastars are making money and a lot of it. how social media people can make as much as the ceo of starbucks. first, ed ludlow here. text talks having a rough afternoon. what happened? ed: rough afternoon indeed because we started off the same. higher rates impacting higher evaluation tech stocks. number of fed speakers talking about the outlook of higher rates. the nasdaq 100 falling to 15% to its lowest level since october. semiconductors started brightly, but gave way later in the session. you also saw selling in adr from the golden dragon index. this risk

money and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. ♪ emilyly chang in san francisco and this is "bloomberg technology," tesla says supply chains will continue the rest of the year -- supply chain

money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ ♪ emily emily chang in san francisco, and this is "bloomberg technology." coming up, time for caution? mark mahaney tells us which way the roller coaster is heading. the u.s. supreme court's conservative justices president biden's push to get more people vaccinated as omicron continues to spread. how the tech industry's attempt to simplify the process of selling a house created a pipeline for billionaire investors to snatch property away from middle-class owners. the u.s. adding a far fewer than expected jobs. wages rose slightly, which means the economy is getting back to normal, and the focus now is on inflation. >> it is a confusing report. >> i'm not sure if it is an all clear. >> economy has normalized. >> there's nothing that will change what the fed signaled. >> the job market has normalized to a great extent. >> we are still moving around a full employment dynamic. >> that means the fed should normalize its monetary policy. >> the fed cannot escape the inflation issue. >> it is all ab

money and power collide -- in silicon valley and beyond, this is bloomberg technology with emily chang. emilysan francisco and this is bloomberg technology. a hot start to 2022 for tesla -- shares surging after the electric car record smashed earlier records for deliveries. will the company keep up momentum? not a verdict but a big development in the elizabeth holmes t

money and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. ♪ emilyam emily chang in san francisco and this is "bloomberg technology." microsoft slowing crowd -- cloud growth as investors overlook the strong second-quarter report. we break down the results. mission aboard, plans to abandon a $40 million deal. and owner softbank looking into an ipo. and by now, pay later seems to be everywhere now. i talked to one of the biggest companies behind this new approach. all that in a moment, but first a look at the markets and check results -- tech results after the bell. ed ludlow, microsoft is the one we are watching? ed: it is the first mega cap to report this quarter. if you look at nasdaq futures, they are paying attention, 20% topline growth in the quarter, $51 billion of sales, a beat on the bottom line and yet markets are focused on asia and cloud which grew at a humble rate of 46%, 46% growth in cloud and the market is disappointed. the bar was very high for a topline beat, and there are worries about decelerating growth. some positivity, texas inst

money and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. ♪ emilyi.m --i am emily chang in san francisco and this is "bloomberg technology," tesla says supply chains will continue the rest of the year -- supply chain constraint will continue the rest of the year. we breakdown the results. what to expect this year in entertainment, with former disney had kevin meyer, who is racking up new projects with kindle media. and souped up with the launch of a super app. what does that mean for the future of crypto? all of that in a moment, but first, stock gains fizzling after jerome powell signals the fed will steadily unwind pandemic-era stimulus as it fights elevated inflation. let's go to ed ludlow with more on how markets reacted. ed: the day started with earnings and ended with the fed. simple as that. the nasdaq 100 closing up .2%, but it had been much higher in the session. microsoft does close up after a strong earnings print tuesday night, the biggest point gainer on that index. but it fell away. we are pretty certain of a rate lift off in march, th

with emily chang. emily: i'm emily chang in san francisco. this is "bloomberg technology."llion dollar deal. microsoft agreeing to buy

money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilyrancisco and this is "bloomberg technology." coming up in the next hour, taking responsibility, the house committee invest getting the january 6 attack on the u.s. capitol has subpoenaed big tech social media giants, demanding more information from alphabet, meta, twitter, and reddit.

money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilyncisco and this is "bloomberg technology.” coming up, a big beat for apple and another record for apple despite supply chain issues, we will break down their quarterly repo

money, and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. ♪ emily san francisco. coming up in the next hour, the verdict is in. elizabeth holmes found guilty of fraud and facing up to 20 years in prison. where the theranos case goes

money, and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emilysan francisco. this is "bloomberg technology." coming up, netflix shares plummeting. we break down the numbers. plus, peloton halti

and innovation collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. ♪ emilyp in the next hour, the volatility continues for big tech. are there more selloff to come? jamie dimon doubles d

money and power collide, in silicon valley and beyond, this is "bloomberg technology," with emily chang. ♪ emilyfrancisco and this is "bloomberg technology." microsoft slowing crowd -- cloud growth as investors overlook the strong second-quarter report. we break down the results. mission aboard, plans to abandon a $40 million deal. and owner softbank looking into an ipo.

of where innovation, punny -- money and power combined, this is bloomberg technology with emily chang. ♪ emilys bloomberg technology. coming up, what goes down comes back up. storm back from a 4% plunge from a closing higher on the day. we will tell you how tech is making out. that coin

, and innovation collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. emily: coming up in the next hour, the volatility continues for big tech. are there more selloff to come? jamie dimon doubles down and says if you don't get vaccinated, you don't get paid, to says companies continue to push back the big already a. we will bring you a virus update. could the bitcoin death cross be upon us? we will talk about that with the president of a blockchain start up. all that in a moment. let's get a look at the markets with ed ludlow. ed: finally some green on the screen, the main gauge, of u.s. equities recovery in tech stocks. bigger outperformance on tuesday, up 1.5%, the rebound coming through in semiconductor stocks, philadelphia up 1.8%. bitcoin up 42,000, a recovery in terms of what we have seen in recent days. we have to talk about the driver of the markets. powell saying in testimony, he reassured investors that the fed is going to act to stamp out inflation as the economy is rebounding, and he signaled in terms of a comet of policy, the fed will shrink the