bill gurley has been making headlines. gurley took the witness stand during the waymo uber trial.goldman sachs technology conference in san francisco, we asked about the state of venture capital. this is something that has been going on gradually for a 20 rather than something that happened yesterday. if you go back years, decades, there are famous people who are known for coming into a board room. competition has made it so that the majority of the biggest fears of our mixing out on the next investment. they are afraid of having a reputation of someone who asks too many questions or pushes too hard. it has led to a situation weather is not a lot of stewardship for discipline and results. >> what can you do about that? bill: i don't know, it it is a tricky problem. >> did that happen at uber? bill: i did not bring it up related to that. there are a lot of investors here who are reaching down into these private companies. when they hear that, they say that is what i experienced. i think it is a broad-based problem. competition,f that how is the rate increase going to impact the ind

emily: bill gurley, a partner at benchmark capital, thank you so much for joining us.a wang as well. great to have you and to hear about what you guys are doing. coming up, we will talk about warren buffett and ibm. that's next. this is bloomberg. ♪ emily: welcome back. we are going to get straight back to our editor-at-large, cory johnson. news that warren buffett has dramatically reduced its stake in ibm. what can you tell us? cory: he has decided to get out most of his position, pretty much out of ibm. tom giles joins us now. tom: good to be here. cory: i want to show this to you and our viewers. it shows what happened to ibm's stock while buffett was building his position. on the left, you see buffett increases his position, the green line. unlike many warren buffett holdings, the stock did not go up while he held it. it went down. tom: it went the wrong way. he held it during a really rough period of the ibm story. after ginni rometty took over, she really tried to right the ship. she changed some of the ways they were doing things. the buybacks slowed down. she t

bill gurley, was on the uber board at the time told waymo lawyers in august that his failure, travis's the board critical information crossed the line of violating fraud and fiduciary duty, and had he been truthful, perhaps the acquisition of auto oto might not have been approved. >> bill gurley said we didn't see this report, which was the cyber forensics report that uber commissioned to learn all the dirty laundry about oto before they acquired it. gurley is saying that we have been fully informed about what that report found, that anthony levandowski retained a bunch of files from his former employer, the board might not have approved it. he went so far as to say that he would not have approved it and ," which isrd "fraud a totally shocking to learn because benchmark sued kalanick for fraud. this was a key moment where a board member felt kalanick did not fully inform them of the risks of the deal. emily: how many days are we expecting kalanick to testify? >> i think it would just be tomorrow. the judge runs a tight ship, so he was telling travis to be there at 7:30 a.m. tomorrow. h

n, here's his trend line. >> reporter: ...the data showed the star running back... >> todd gurley!rter: ...got faster. >> this was actually the very esay where he hit 21.1 miles an hour on that specific play. >> reporter: it seems like you could really geek out on all these numbers here. o no question. prove us right, prove us wrong, or shock us. and sometimes the data shocks you. >> reporter: the one thing the chips do not measure is the impact of a collision between players. the technology exists, and it could be put in a helmet. the n.f.l. just hasn't requested that data. the league has already faced a major class action lawsuit over concussions. jeff. >> glor: might be an important thing for the future. carter, thank you very much. now to some other stories we're following in the evening newsfeed. the tech giants keep growing. apple today reported record nuarterly revenue of more than $88 billion. amazon took in more than $60 billion in the fourth quarter of last year. google's parent company alphabet topped $32 billion. rcebook yesterday reported fourth-quarter revenue of near

in minnesota to the skies above where the air race season opened saturday american pilot michael gurley and it set the pace all week leading up to the event and he did not let us fans down in the final he said a blistering time of fifty three point seven seconds even his competitors in his wake and grabbing his first race victory in nine years. and we haven't forgotten the bundesliga all of saturday's goals are coming up right after the break stay with us for paolo and. bonus lika but for every new that dennis edwards the former lead singer of the popular motown band the temptations as died at the age of seventy for over two decades the grammy award winner lent his voice to some of the band's most popular hits like this one. there's still. it was the third of september. that day all it. just. was the. day that. never got a chance to. see . the scars of. the pain. killer city scratched by.

. >> a great example this season would be a todd gurley. >> reporter: while many players tire out asn wears on, the data showed the star running back got faster. >> this was actually the very play where he hit 21.1 miles an hour on that specific play. >> it seems like you could really geek out on all the numbers here. >> exactly. prove us right, prove us wrong, the numbers will shock you. >> reporter: the one thing the chips do not track yet is the impact of a collision between players. the technology exists and it can be put in a football helmet, but the nfl has not requested that data. in fact, the league has already faced a major class action lawsuit over concussions. carter evans, cbs news, los angeles. >>> well, coming up on "cbs this morning," as the super bowl kicks off sunday, mo rocca and michelle miller head to boston and philly for a fun look at which city is best. >> and generic drugs can help bring prices down at the pharmacy, but many patients have found alternatives aren't available for the drugs they need. coming up the tactics some pharmaceutical companies allegedly

. >> that was bill gurley and bloomberg's selina wang. ebay is betting on ar.oppers. they are hoping to keep money on the platform. ebay had a strong holiday quarter with 170 million buyers and a 10% increase in russian -- volume. coming up, hackers took him at the winter olympics, we sat down with the ceo of one of the firms on the front lines of cybersecurity and took stock of the dangers that, that is next. this is bloomberg. ♪ ♪ >> shares jumped to the most in two months on your and sales that beat analyst estimates. brett is also predicting significant lean narrower losses this year. blue apron is bleeding customers. it had nearly 750,000 users compared to a hundred 80,000 at the same time a year earlier. let's head back to the goldman sachs technology conference where we caught up with limited against players in the technology conference. ripple has run up and down with the markets, take a listen. >> we have already seen the markets bounced back some. i don't follow a day today but the peak of the market is probably mid-january -- the total asset class is

conversations from the goldman sachs conference in the bank president and co-ceo, david solomon, and bill gurleyk capital. and in the saturday for the best of "bloomberg technology". this is bloomberg. ♪ before,s we mentioned industry leaders and sports, media, and tech can together in los angeles to start the nba all-star weekend to lunch the tech summit, and our bloomberg editor at large cory johnson spoke with ted leonsis about the -- e-spo the sports bas rts. take a listen. years old,tually 60 the crt, they wanted to show it , and the scientists created a game called tennis for two. pon was the precursor for g, and would watch your bud dies playing pong. late 80's and early 90's you could get connected, and once you get connected and competing with one another, and professional league is the natural growth. the amazing thing about the momentum here is that 4 billion people connected to the internet -- only 3 billion in the united states, so we have become a small player in terms of internet traffic and connectivity. ,his game is inherently global the best players are from korea, south korea,

former cooper board member -- uber board member bill gurley joins us.

emily: that was benchmark .apital partner bill gurley ebay is betting on ar.shoppers. they are hoping to keep money on the platform. ebay had a strong holiday quarter with 170 million buyers and a 10% increase in volume. coming up, hackers took him at the winter olympics. we sat down with the ceo of one of the firms on the front lines of cybersecurity and took stock of the dangers there. that is next. this is bloomberg. ♪ emily: blue apron has struggled. but shares jumped to the most in two months on your and sales and -- end sales that beat analyst estimates. brett is also predicting significant lean narrower losses this year. blue apron is bleeding customers. it had nearly 750,000 users compared to a hundred 80,000 at the same time a year earlier. the ceo of herbal. it has been going up and down with market. take a listen. >> we have already seen the markets bounce back some. the peak of the market around mid-january -- the total asset class is over $800 billion. it dropped down to maybe 300 billion and now it is back to 450 or so. that is a ton of volatilit

bill gurley, i would put on that list, former director.vide some interesting testimony, potentially. there are some lower profile executives, who will be very important. emily: are they going to give the goods? we saw some of the "i do not recall" coming from larry page. are they really going to share real details? joel: i have an article coming out in businessweek about travis kalanick's role as a witness and how important he is to uber. he is so well rehearsed, coached is not the right word, but practiced with his lawyers. he gives the same answer, that he knows only the kind of outlines of what happened. he doesn't know all the legal ramifications of what happened. emily: all right. joel rosenblatt, our legal reporter. excited for your daily updates as the trial gets underway. thank you. we continue to monitor the slew of tech earnings just out. facebook's earnings call. full coverage of that and other highlights from microsoft's results. here is what sheryl sandberg had to say about working with advertisers to combat his termination an

sean mcvay, todd gurley and aaron donnell all offensive, defensive and coach of the year from the ramsng back alvin kamara and cornerback of the saints marshawn latimore rookies of the year on offense and defense. and we're all picking the eagles. we'll be here tomorrow. if you're not doing anything from 5:00 to 6:00, tune in on abc 7. >> eagles, eagles. >> we should put some money on that. >> she always wants to put money on things. good night, everybody. she didn't send you. she sent me. she sent you? she sent me. she's not dying in a hospital or being held hostage or in a north korean prison? because those are the only acceptable... she sent me. i'm her proxy. her what? her proxy. there is no proxy. you understand? i'm your olivia until she says otherwise. she's not over the first-family interview. small of her. she's licking her wounds. i have no information on that. all i know is i'm handling the white house. i'm your -- olivia proxy. right. i'm calling her. she said you'd say that.