this list of advertisers, they are all saying thumbs down to facebook. whatrberg have to do to stop all this? >> well, i don't know what he can do other than reverse his position. we should point out this type of advertising, i suggest people read our story on foxbusiness.com, kind of lays out just how much money facebook makes a lot of money every year. their revenues are diversifying a lot of the selling data. i believe of their -- each quarter, they do about a billion dollars in advertising which it's -- i'm not saying it's unsubstantial, but whether it's material to the bottom line is debatable. that said, when you have major brands like pepsi, pepsi is a big brand on that list, it does put the pressure on mark zuckerberg to maybe, what twitter is doing, to cave into some of the activists' demands to be more aggressive in labeling stuff. why did this happen? quite frankly, donald trump put out a tweet, this is one of the sparks of it, the current, this has been going back and forth for months, but the current spark was during the riots and protests, donal

soldiers here the voice of america they're publicly state funded why are they getting off to what excuses facebook using you know how is it saying well you know what what's the what's the public excuse for this that actually the head of the name is nathan york like the head of facebook's security policy said that in countries where there is. you know our other media private media then those are the countries we're going to go after because we have to stop the state media well i mean there is there is also private media in germany where there's e.d.f. and in france radio france internationale so the idea that they are only going to crack down on countries that are totally state owned media which is not true in russia anyway you have private newspapers there that are critical of the government so if they get this all over the place they don't know that talking about and they're counting on an unsophisticated public to accept this job literally telegenic leave it there think you're in sydney have a good you say it's afternoon we have a good afternoon rest the day weekend so i got you by by. human rig

there are 8 million on the facebook platform. whatacebook has done is let small businesses get online easier and today, there are 800 million global small businesses. 160 million use facebook only 5 million or 6 million pay. there was a tremendous opportunity. it is off the charts relative to other means. nothing against unilever i'm not influenced to buy a dove bar of soap by looking at an ad from unilever. i need soap. everyone needs soap. when patagonia or others pull out, they are amazing brands that do great things for the world. and i think clearly if you see a stampede of more, we will be concerned. but, again, more are joining than leaving >> we had a lot of advertisers leave or threaten to boycott the platform back then facebook shares choppy for a while. did they all eventually return and do you think some might possibly leave for good? >> so facebook was $130 stock during that time and i think ultimately what we continue to say is that there's more good on the platform than bad. it's a neutral platform, open platform that's

we were asking facebook what did they think about that and facebook said to us they were a media platform and so they had to be at the convention just the same way that, you know, cnbc and msnbc and cnn had to be there for equal time and we thought okay, great. you are a media platform and then a couple years later mark zuckerberg goes to the capitol hill and testifies and says oh, no, we are not a media platform we should not be regulated like a media platform. >> that is an inconsistency like you're saying that we're seeing from facebook and a number of these other platforms as in certain situations they want to be media platforms and in others they don't that's part of the section 230 conversation for sure. yours is a perspective that people need to hear, especially in these times thanks for being with us. >> thanks for having me. >>> meantime nasa astronauts bob ben kan and doug hurley and xhis kris cassidy becoming the first people ever to ring the nasdaq opening bell from space this morning. just before the bell, nasdaq's ceo asked the astronauts about spacex and the ongoing private

president trump posts on facebook but what a a lot of other politicians and others post on facebook. on friday facebook's ceo mark zuckerberg came out and shared some announcements publicly, perhaps trying to calm advertisers words. he said they will ban hateful ads and label controversial posts from politicians that if you or i posted them, they would get removed, they're going to stay up because they're from a politician but will be labeled in a certain way. you will recall that ceo jack dorsey at twitter made a similar move back many weeks ago, labeling some of president trump's posts as being a violation of policy. look, what facebook announced on friday is not doing enough to satisfy critics who want to see a lot more done. they want so see see a lot stronger action taken by the company. the question now this weekend, heading into a new work week, is whether this ad boycott campaign is going to continue to gain steam, whether it's going to hurt facebook's bottom line and whether it's going to cause change at the company that so many people rely on for ne

facebook today because they are losing advertising money by the bucket, is there still a value in facebook? whato you do with facebook right now? james: i think facebook faces to challenges. a very direct challenge associated on how it monetizes. without advertising revenue, it has difficulty in monetizing the number of people it has on its site. the biggest challenge i think is the company's actions are likely to be followed up by grade regulation and we know facebook would be wholly responsible for everything it carries on its site and that would be a very demanding level of regulatory requirements. it makes facebook's business very tricky. for me, facebook is not the buy. francine: is there anything that is a buy in the tech space? james: absolutely. i see an excellent case for some of the top drawer names, the microsoft, amazon's, alphabets. i can absolutely see valuations are rich. these are companies that are generating extraordinary levels of growth. tos is in material contrast the world of 1998, where alan greenspan eased monetary policy after long-term capital management. back then, you

our society is not nearly as bad as the society on facebook or certain regions of twitter what happensn those places is the worst in us gets amplified they're very smart people. they're very, very smart people at facebook. they could figure out a way to take it so they're not apply if iing these bad sentiments. sorry, john. >> that's okay, you're making a good point is it possible for facebook to do what you're suggesting, stop amplifying the bad without making a moral junction on what is garbage and what is not do they have to stop amplifying everything that would certainly have broad implications, or could they mathematically identify what our society, at least the majority of people, might label as a dangerous material >> there are certainly regions that would be easier to do such as things where it is anonymous and fake accounts, bots, and trolls doing this not because they're expressing legitimate opinions of individuals. they could be more careful, too. it is important to keep some anonymousness. if they're trying to find ways to say we're not going to amplify it they would be ab

and quickly, we have 30 seconds, what kind of leadership you would expect to see from other companies right now. a lot of companies have business dealings with facebookni think it individual and corporate thing. actything is ok, we should according to what we believe is right. just do it, don't talk about it. do something about it. emily: talk space ceo oren frank , you did something about it. thank you very much for joining us and sharing your position. coming up, we will talk about amazon rerouting deliveries to avoid clashes with protesters. this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. emily: welcome back to "bloomberg technology." i'm emily chang. as protests continue to rock citi

you know of facebook's procedures, practices and what appears on its website in. >> you know facebook is a very effective and really efficient digital advertising medium the effectiveness of the platform is not in question. they also have policies and practices around enforcement of hate speech, but it's selective enforcement that is making these advertisers very, very uncomfortable. in the short term, i would advise clients not to advertise on facebook, follow the lead of a lot of the brands that you mentioned earlier and literally force facebook to come to the table and finally after four or five years of just very reckless behavior come to table and make meaningful changes >> woe're joined by joanna ster from the wall street journal i'm glad you could join us mike just used the word reckless i was going to begin my conversation with you by saying let's play a little word association. let's do that. when i say the word facebook, you say. >> irresponsible a good word >> sure. that's your word >> seems like a good word. >> why do you say that >> that seems like a good word ca

what should facebook have done? what do you want to see them do?so i think your previous guest said it right, spot on, this is about basic human decency. this is not ideology and politics. it is about preventing harm i mentioned and it was actually cleared the way by twitter, which is not a company that i admire. i think they're harming mental health americans just as much as facebook does. but they have taken a stand and drew a line and saying we're not going to let that happen. actually it would have made this decision far easier for mark zuckerberg and facebook and they did not. and only thing -- by the way, nothing against facebook. some of my best friends work for facebook, et cetera, et cetera, they should change this decision very, very quickly before further harm is being done. >> well, you walked away from a deal. you say nothing against facebook. you walked away from a deal because of this. you say you have friends at facebook. what should they do? what is their social responsibility? what do you think the responsibility is of people who

over the irony here of someone who is under the influence of a government which is facebook which regularly censors what the us government tells it to censor telling everyone else that you shouldn't trust those who are under the influence of the government you following and facebook takes great pride in making sure that what you read is approved by censors in the u.s. only 53 percent of americans trust the news sources that use so we're making it easier to learn more about an article right in your facebook news feed what it has done the start is remarkable even by its standards so they go to label any news media that they believe is funded or influenced by a state has stayed controlled media except they're not there only labeling media that the u.s. government doesn't like r.t. for example chinese state media in what is mathematically highly improbable coincidence facebook and the u.s. government seem to have identical least of media that they don't like or perhaps the more rational explanation is that facebook just got a call from washington telling them again what to do but how do you sit there and sa

says he wants law and order you know what ever most americans want law and order there's nothing racist about better feel about that twitter's pick the war facebook still a their war they couldn't care less about conservatives if they all disappeared and last word on all of this what i would push back on is i think they do care about conservatives more than they pretend to they want to control the narrative and the problem is that competition in a free market is what they spoke and twitter fear the most competition is coming to them and conservatives make up a huge number of people on facebook in terms of communicating that way if they go someplace else it will devastate facebook what like an exactly because the kids are all moving to the tick tock guys they're not hearing instagram any more of the day is a dog and that like all right gentlemen we'll leave it right there ben swan steve malzberg thank you for a fun talk today. thank you. all right let's head over to the sports h.q. regina hamm is there we're going to analyze is one of 2 leagues here in the u.s. that has a plan to get the ball rolling it all puns intended like because just days ago

you are an early facebook investor. what is your take on how facebook is handling this now?reat to be here, emily. this is certainly a timely issue and a complicated issue. i grew up in a country, in iran, a country where there is not really freedom of speech. i remember we were kind of scared of what we would say anytime anywhere. speechserving freedom of is a real important thing, but i think there is a balance to be found. when i look at the boycotts by advertisers that's happening, my experiences that i don't think mark response to pressure, whether from governments or advertisers, but i think he does respond to ideas. i think we need new ideas here. i feel like so far, the debate about facebook has kind of presented a false choice between unlimited freedom of speech or heavy-handed editorial moderation. and i believe there are other options. i believe we should be encouraging facebook to look for how it could preserve freedom while changing the incentives so people posting stuff regulate themselves. emily: now, more recently, mark has doubled down on his position not to

that with facebook. whatbe doing better or as some folks have said, has the monster already been created? is the genie already out of the bottle? >> in a lot of ways, facebook is too big to fix. facebook has 2.5 billion users around the world constantly posting in more than 100 languages. that is the system that is too big to govern. does not matter how good artificial intelligence is. does not matter how many humans you hire to filter through hate speech and the threats to rape and to kill. you cannot catch all the live moments. it is not that facebook is a lost cause. every effort facebook makes is cosmetic. it does not get to the heart of the problem. twitter has been interesting. twitter is a lot smaller. instead of 2.5 billion users, facebook has threaded 30 million users. they are concentrated in north america and western europe. twitter has been willing to experiment. the folks who run twitter are a lot less bullheaded. a lot less ideologically committed. they are experimenting with a lot of different

let us know on twitter and facebook what you felt. no reports of injuries or damage. >>> and saying good-bye to a sergeant killed in the line of duty. damon gutzwiller being remembered. family, friends, and the community have sworn to protect. and a good morning to you. thank you so much for joining us. i'm marcus washington. now we have been livestreaming that memorial online since it started. nbc bay area's kris sanchez is live for us with more. kris? >> reporter: hi there, marcus. i don't want to be disruptive because the service is still ongoing. right now we are still hearing from an officer who worked alongside sergeant gutzwiller. and he describes the same kind of person as the other person has. someone who was kind and committed to community poli reay put him as a servicemember in the middle of that community. now, the service has been going on since 10:00 this morning. nbc bay area sky ranger was over the procession that brought sergeant gutzwiller here. he actually went to college here. he went to high school before that jus

so then larry how does this how does this facebook project in particular the to africa project how does that fit into what. he's talking about joint venture has about africa being involved is this just a case of facebook saying ok we're going to do this we're going to put all this cable around the whole continent and connect it up and then well how does it work. no i think you have a right to it has to be a joint ventures not only from the technical side obviously bringing in local companies in every region in every country if possible but also from the education and social side working with civil society and n.g.o.s in the countries to ensure that there minimizing misinformation to ensure that internet safety is being protected and people are being educated on the proper use of the internet my own organization connect safely dot org actually does work with facebook i'm on their safety advisory board and we have expanded the board over the last several years to include people from around the world and we do need to include africa as well to make sure that people are are getting that the infrastructure but

crimes in afghanistan until then join the underground you tube soundbite instagram twitter and facebook. what is the meaning in worth of history why are there are those so determined to destroy cultural artifacts and rewrite history and so their understanding of history a true in dispassionate understanding of history is really about 2 things reverence and a warning the culture side we are witnessing rejects the idea. of . nuclear become a battleground in the us. people of demanding the shutdown of a local plant from yankee is right now my focus because it's a very dangerous. power plant the owner is attempting to run the reactor beyond its operational limits this case just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy as are powerline with the people this case demonstrates that struggle in the very real ways. the new york times is criticized from all sides mentioned in its anonymous source article claiming russia paid. to kill american troop

what is facebook doing to not be the -- of the destruction of the american republic? >> understanding how to ensure not just authentic, but positive and collaborative public debate is absolute critical, i completely agree. what we have found is people on our platform don't want to see click bait, they don't want to see the type of divisive content you're describing. if we were to show only that, they wouldn't come back. that's why we down rank content that qualifies as click bait, that's why we take steps to not recommend groups that are repeatedly sharing information the cross -- the cross a certain line. that's why we've refocused the debate around the platform. to content from friends and family, content that centers around discussions and public conversation, not the type of divisive narrative you're describing. >> i'm in politics and in the political realm, i'd like to see this back behind the studies underlying that people don't like divisive and don't like click bait. it's a thing because people like click bait. i know there is a difference when i walk into a ro

what are your thoughts? tweet me @smerconish. go to my facebook page. what do we have, kathryn? from twitter, the president can have a huge rally but my kid can't have a real graduation? how is that okay? well, the differing result from this, you're not the only one who's providing pus with a lot of assessment and saying if they can do this, why can't i do that? obviously, he's free to do whatever he wants i guess my guess point is so long as he exhibits reasonable care to all of his attendees. in your case, obviously, it was the school that decided it was unwire. i want to know what you think. go to my website at this hour and make sure you're answering the survey question. should masks be required, not just recommended, required for all large gatherings, be they political rallies or street protests. >>> up ahead, before rayshard brooks was fired at by a police officer, he pointed a taser at the officer. we examine how georgia law on tasers and stun guns could shape the outcome of the case. and just how dangerous is a taser? we'll take a look at its capabilities with the ceo wh

brandy thacker on facebook what's the hardest role you ever had to play for personal or professional reasons well what was and what was sturm and drang brother. wrote that bad be the killer because he sent me to i got sent to rehab. so i was pretty worn out after that they got to take a little bit of a bridge too far but it was well i tell you what people a lot of these questions people love the rookie matt what are your thoughts rw back on it more as for the den aside. just a couple of weeks back and here could bring story of what happened to jimmy he's got a piece got his book coming out here in fact that he wrote next month and we've stayed are really great friends he was on the set every day and i didn't really throw a ball anywhere close to 98 miles an hour or probably even 80 miles an hour in fact i never even put myself out a radar gun so i would not be disappointed about that i want to keep my ego intact i just want to look like a baby do it well you're pretty athletic if i had to guess your heater on the jugs god would have probably been this is he even a thai seventies maybe

. >>> internal angst at facebook. what mark zuckerberg told employs about his tough decisions. ta-da! did you know liberty mutual customizes your car insurance so you only pay for what you need? i should get a quote. do it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> early this morning police in vallejo shot and critically wounded the person suspected of looting at drugstore. it happen at the walgreens on redwood street. police say someone shot at them and they return fire hitting the suspect. >>> we are seeing more peaceful protests across the bay area today. from vallejo to redwood city in san jose to marin county, people came together to call for racial justice. we are monitoring a demonstration right now in downtown oakland. >>> the state of minnesota is looking into the action of the minneapolis police department. it will review policies, procedures and practices over the last 10 years along with looking into the death of george floyd. >>> you are watching ktvu fox2 news at 6:30. we have began to second week of civil unrest. in many cases, electe

employees,n facebook former facebook employees not happy with it now, the vice president himself. whats your take? david: there is no question that facebook is not done a lot to stop this information from spreading. they have really failed in that department. what is interesting is to see vice president biden, democratic presidential candidate, coming out and basically pointing his guns at facebook, blaming it for, to some degree, what we have seen with the empowerment of donald trump. facebook is really vulnerable to this because even though, as you pointed out earlier -- president trump has been critical of social media. in reality, facebook has done literally nothing he could complain about. they have tended to really favor his messaging over any other messaging and really bent over backwards to enable him to do whatever he wants. the most notable thing about what facebook is doing right now is it has an explicit policy that an advertising, politicians are allowed to live. -- allowed to lie. in this letter, calling on facebook to remove viral misinformation. , few tweets rolling thi

if you ask facebook what is your metric for engagement that is not based on clicks alone, not based on shares, if it is engagement based on what people have learned from this post. what people have comprehended about a particular thing. we are not a news organization but with the distribution, there is a fundamental question about what people are doing to each other with the algorithms. it is making our worse angels play out. we also have better angels that come up when we slow down. that is why we have the emphasis on going slow. on the distribution site of design, but i would ask you to ask of these firms, when you see something that google's organizations have said is false, why are the social media platforms urging you to share it? why are they urging you to like it? this feature called like is affirmance. it is universally offered on all of the posts regardless of whether or not they themselves are marking it as false. there is a need to think about what we offer and -- when we offer and what you and -- what features we offer. >>,. ,. . who is tracking the network travels of infor

daniel stagger goes way back with a fond memory for me too on facebook what was it like working with eddie murphy in coming to america. you know i was that was another thing that came really early in my career it was my 1st real part in any saying and i had to go and meet with john landis in new york i had to have dinner with a man and that was the time when he was going through the twilight zone thing and so it was just such a weird kind of surreal dinner cuts that was a big part of the thing and then i got on that sat and i found out about fame because we're on i think queens boulevard in an old wendy's. and they had a cyclon fence in front there were 5000 people or more outside waiting to get a glimpse of eddie murphy this is the fame that he had you know at that time and still still i can't imagine he could ever go anywhere without people you know grabbing him on some level and he had a big bus and the door of the bus would open up and the fence would bow in they would push it in like it was going to collapse because they were waiting to see the one and only eddie murphy who coul

facebook including some from c.e.o. mark zuckerberg own stuff over its failure to take action on inflammatory posts from among others president trump and what impact is this boycott likely to have on the company's operations 99 percent of facebook's revenue comes from advertising almost 70000000000 dollars last year alone so the campaign organizers are hoping that by encouraging companies to boycott it's going to give facebook the incentive it needs to change in order to really make a dent on the company's revenues however stop it for profit would need buy in from thousands of businesses facebook says that it's quote taking steps to review our policies ensure diversity and transparency when making decisions on how we apply our policies and advance racial justice and voter engagement on our platform but how many times have we heard this kind of talk before and one industry that's yet to join this boycott is politics the u.s. elections are just 5 months away now what's what's the likelihood of those election campaigns being able to win themselves officers booked. not much both biden and trump are all over the platform biden has actually spent

don't discount the fact i think at a certain point the dennisons of facebook may start leaving in droves as well. >> let's talk more what this could mean on facebook shares and bring in fast money friend jean always great to speak with you. this is only through july, yes, but we've heard from companies, i'm thinking of expedia in regards to google but still, the point is there that the papadopoulos is offering the pandemic is offering the company opportunity to reset ad spending. companies are going to boycott facebook for the move july could come out and say this is a good time to say maybe we don't go back in the size we were before. >> i think it's unlikely i've learned a lot about facebook over the past year and half i predicted when there's a greater awareness how toxic facebook and social media was, that there would be a new awareness of people that would start to moderate time on social media. apple came out with tools around screen time. at the time facebook's users, though the biggest user base monthly in the world growing at 5% has continued to grow at 5% over the last six quarters and my lesson learned is des

want it, you guys excitement, that's what draws me to facebook, but i want to understand specifically and i understand it means less profit, but what is facebook going to do to be more constructive in your words? the interesting and important distinction we've seen, people will click on click bait, hence the name and the intent. but in the long term if they are looking for community, people who want to engage, they don't want that community to be rife with that. that's what we've taken steps to adjust content so make sure we are not prioritizing and following that. it directly aligns with having a community and platform system that uses the want to use. time, but i'd like to continue this because you're just not resonating with me. will give me 10 more seconds. look at the presidential candidates, look at the current president, americans are drawn to people who are explosive and controversial and see the world in terms of good and evil in black-and-white. who remember john delaney? he was constructive and thoughtful and moderate in his approach. concern -- more concerned that i starte