they are having their social media there and they are done with the facebook inc.. ose kids today don't even use facebook. they do use instagram. that is not bode well for facebook long-term. that was part of the decision-making as well. emily: we will talk more about .aming later in the show quite a pronouncement that kids are done with the facebook inc.. we will be that with ross later in the show. if the currencies are off to a rough start in 2019. how is the decline affecting crypto startups? that is next. this is bloomberg. ♪ emily: bitcoins slump continues. it's slumped -- sunk to his lowest in more than a month, a disappointing start to the year for investors who hoped 2018 volatility was behind them. within $400 billion value was wiped out in the last year. is there any end in sight to this top? >> i haven't heard any good news about bitcoin or other cryptocurrencies at this point. boost themhat could would be institutional investors suddenly wanted to get back into the game. last around this time we heard goldman sachs and barclays wanted to open up trading

but then you give facebook the role of censorship inc. and that's not the way we would want that, i think, to happen in the united states, which is why i'm trying to argue for a first amendment type regime where they really aren't in a position of acting as censor on behalf of anybody. i think every country in the world is going to have to create standards applicable to its own needs. in that sense, we are going to have to shatter the illusion of global community, because what facebook can do in an emerging market, in a developing country, can often be extraordinarily destabilizing. even in latin america, we see this kind of phenomenon. the recent brazilian election was fascinating because of the way what's app was used with considerable effectiveness by the bolsonaro campaign. the it's very hard to monitor very because of the encryption that's central to what's app's appeal. this is not just a problem for afghanistan but a problem for every country trying to hold elections. you have the simultaneous problem that domestic entrepreneurs wh

inc >> reporter: massachusetts senator elizabeth warren and mayor of south bend indiana, people to judge. we've reposted a transcript of senator harris speech. you can also watch the entire rally on our facebook page. >>> democratic party mega donor tom steyer need to a piece campaign beginning summit meeting today in washington dc. he will urge lawmakers to open impeachment proceedings against president trump. the two-day summit will include a townhall gathering about the state of the union and will conclude with participants hand delivering articles of impeachment to representatives. organizers say this will be an effort to increase pressure on lawmakers to remove the president from office. he has from san francisco and has raised tens of millions of dollars and has run ad campaigns to gain support for the impeachment movement. >>> happening today, demonstrators plan a big rally outside of an emergency meeting at the state public utilities commission. the reason, pg&e. a group called the note pg&e bailout the coalition is protesting the idea of a state bailout for the embattled utility company. the cpuc emergency meeting at a rally begins at 2:30 this afternoon, in san francisco. strathmore

facebook letting the great earnings report. record profits even though they were rattled by scandal after scandal didn't make any difference to the bottom line. here is scott martin, fox news contributor. that's my point, scott. incrivacy concerns and nothing happens to their bottom line at all. they are untouched. >> nothing but good things. if people were concerned about the privacy issues, they have a funny way of showing it. that's really good as it recovers from the big slide in the fourth quarter, specially if you look at advertising revenue which is a huge part of company revenue. stuart: they've got to .7 billion monthly users. that number has gone up. i would've thought the number would go down with all the bad publicity but it went the opposite way appeared to .7 billion is half the worlds population. >> i'll tell you what's interesting about facebook. they are just beginning to monetize instagram, which is another great platform so wait until instagram gets its legs. i will be a big component for facebook. that's saying a lot. a trend story for you scott. almost 60% have cut the cord with cable companies. i find it very hard to believe. what do you make of it. >> it does seem high to me, too. that may