it is a very, very interesting time to instagram, i imagine some of the uses of instagram could be quiteounders are living. thank you so much. —— leaving. now let's brief you on some other business stories. ford is looking at speeding up plans to build more of its cars in china, amid the growing trade war with the us. the firm's vice president for operations says the dispute has made us exports less attractive, and that he does not see any easy resolution for the us and china. more than $650 million was stolen from british bank customers in the first half of this year. that's £500 million. industry group uk finance says almost $200 million was stolen in so—called push payment scams — where user are tricked into sending money to another account — while the rest was unauthorised fraud. and that is our twitter conversation today in, have you been a victim of fraud in that sense? what happened? have you got some top tips? we can share some of those with you later. some people have been sharing their stories of what to do to protect themselves in future. these markets are open at the moment a

they have to think about how quickly they want to instagram -- integrate instagram.ly: we look forward to hearing what you find on your continue reporting on this. coming up, uber drivers are dealt a huge blow as a judge blocks thousands of drivers from suing for better pay and benefits. and "bloomberg technology" is streaming on twitter. technology and be sure to follow our global news network, tictoc, on twitter. this is bloomberg. ♪ . ♪ . emily: it is a major loss for uber drivers. a federal appears court barred hundreds of thousands of drivers on suing for better pay and benefits. the ruling was not unexpected. in may, the supreme court bolster the power of individual arbitration instead of class-action lawsuits. amazon has come up with another way to get alexa into your home. they are investing in a $6.7 million funding round for a company that makes module that can quickly be assembled into a home at a jobsite. amazon is making its investment into the alexa fund. the faang stocks could be adding a letter. one analyst told clients on tuesday that square should b

instagram is young. they wa nt to is ageing. instagram is young.or the update. charlotte tilbury is the founder of one of the most popular make—up labels right now. having received about 80 global awards in just four years, it's the fastest growing beauty brand and she is the most googled makeup artist of 2016. earlier, charlotte tilbury told bbc breakfast that she faced a lot of criticism going into a highly competitive market. when i launched the brand in selfridge's i have 200 people queueing from day one. it was about being easy—to—use and giving people the locks. it was the mentality, i really used social media. i kept thinking, how can i put myself inside someone's make—up bag? i am one person, want to give myself to the world. i had it myself to these amazing celebrities. it was about bottling myself and the product. charlotte tilbury. joining us now is grace bowden, a reporter for retail week. you heard charlotte tilbury explaining that really social media certainly has helped her domination. do you think that is the case for the other up a

more dependent on instagram.etted selling. they bought whatsapp for $20 billion. of course he said no and talked about all the great things facebook had done for instagram and talked about how great it was to work with mark zuckerberg. take a listen to what he told me to years ago. >> think of it like having like the best board member in the world. imagine how many companies would like to have mark zuckerberg on their board. that's what we get. it's independent but you get amazing guidance from someone who has been able to build a tremendous company. emily: fast-forward to today and systrom what kevin says -- kevin systrom says in his statement. missing from the statement was anything about mark zuckerberg. >> what i thought was fascinating is that the very end he says something to the tune of i wish the best of luck for both companies going forward. they are the same company. when the founders leave instagram it is no longer this company within instagram -- within facebook. net is nobody to challenge zuckerberg'

more dependent on instagram.mily: two years ago, i sat down with kevin systrom, and asked him, do you regret selling? they bought instagram for $16 billion. facebook bought whatsapp for $20 billion. of course, he said no and talked about all the great things facebook had done for instagram and talked about how great it was to work with mark zuckerberg. take a listen to what he told me two years ago. kevin: think of it like having like the best board member in the world. imagine how many companies would like to have mark zuckerberg on their board. that's what we get. it's independent, but you get amazing guidance from someone who has been able to build a tremendous company. emily: fast-forward to today, and this is what kevin systrom says in his statement. we will are planning on leaving instagram to explore our activity again and match that with what the world needs. that is what we plan to do. missing from the statement was anything about mark zuckerberg. sarah: what i thought was fascinating is that at the very

it is surging with instagram.n slower to monetize instagram then with facebook. -- than with facebook. sarah frier reported that the engagement with the facebook executive team has increased. they are going to instagram on a daily basis and are interfering with how that is run. francine: what do we mean by interfering? does that mean more ads? do they want to change the layout? >> we do not know for sure. if you look at what is happened with facebook, one of the reasons facebook has declined is the quality of the content has also declined. the long tail of growth from facebook ads is coming from smaller enterprises. these are companies that do not spend as much on their advertising content. new growth driver -- that implies that quality is also going to decline on instagram. that poses a risk. if the quality is declining, why would people keep using instagram? once they have used that up, they have to move on to something else. my: i am showing it on brand-new iphone. it is francine. come on, alex. this is the rea

the cofounders of instagram are quitting.hey will step down from their positions as ceo and chief technical officer of the photo sharing a app. in a statement they said they were woke, -- quote, ready for the next chapter as they transition from leaders to two users in one million. parent comompany facebook acquid instagram in a deal that reportedly allowed it to continue to be run independently. but insiders say the cofounders felt they were not being given enough autonomy. for more let's cross over to jens korte in new york. what more can you tell us on the story? jens: there are reports out that facebook ceo mark zuckerberg actually did put some top managers aside the two cofounders of instagram and they have not been happy about this. there have also been some name changes, so that might have hurt the brand name of instagram a bit. but there is also talk that there was quite some disagreement how many ads to put on the instagram pages, and that might have also been a recent why the two instagram cofounders left the countr

it will replace as instagram ceo. information is reporting the vp of product will get that job, will >> and also some departures that snapped today is not as high level. >> no. to instagram sort of serves a unique role. facebook announcing that who is head of communications has announced he will be leaving at the end of the year. i spoke to her she has been at senate snap chat i asked her why she was levering she said now that she helped grow this company to over 3,000 employees she feels like the company is in a good place to allow her to take a step back and take abreak. >> a lot of changing it seems like if you have been within a start up people like to take a break after a certain number of years. >> and particularly when they banked such big gains. thanks for that. we'll continue to discussion gauge for us how big a blow this is and what it means for facebook going forward and the instagram founders i guess on one hand these two stay for kuwaquite a long time. on the other hand it's another big set of high profil

on the instagram pages and that might also have been a reason why the two instagram co-founders left the company there's no doubt that has been and probably still is a huge just success story that almost has been a bargain looking big for facebook to buy instagram and twenty twelve for about one billion dollars just this summer instagram reached one billion diffuses now looking at the success that ensued instagram has been having it has been a bright spot for facebook because of its popularity was teens and young people a group that facebook has had trouble keeping around now what does this resignation of the instagram executives need to say. well there are a lot of analysts here on wall street saying that at least short term it's a clear negative for the growth rates from instagram have been much bigger recently than the growth rates from facebook and as you mentioned earlier facebook is under quite some pressure politically but also economically was the cambridge analytical scandal but also facebook this summer talked about slower growth rates and since then the stock got hammered

instagram.hey spoke's growth will slow. they will have to spend more to grow in new areas. instagram is so crucial to that picture. just hit one billion users but there are many more users they can still add. the advertising business is thriving. they have the same product stories that everyone wants to use. there has been a lot more attention paid to the ways that instagram could drive traffic to facebook. it is a new dynamic. --the past, facebook instagram was dependent on facebook for its growth, now facebook is dependent on instagram. down --wo years i sat two years ago i sat down with kevin and asked if he regret selling. then they bought whatsapp for $20 billion. he said no and talked about the great things facebook different instagram and talked about how great it was to work with mark zuckerberg. take a look at what you told me two years ago. kevin: thinking that like having thebest order member in world. imagine how many people would like to have mark zuckerberg on their board. but you

markets give facebook the thumbs down after the founders of its photo sharing service instagram quit alast scolding news surprising and concerning. and i can see an anger protests against the austerity the government says is vital encouraging international aid for its ailing economy. i've been fizzling let's do business instagram's co-founders kevin systrom and mike krieger have quit their jobs as c.e.o. and chief technical officer of the photo sharing app a statement they said. they are ready for that next chapter as they transition from lead is to two uses in a billion shares a parent company facebook with down on news of their resignation it quiet instagram six years ago with a deal that reportedly allowed instagram to continue to be run independently but insiders say the co-founders felt they were not being given enough autonomy. but they don't use their until discovering this for us erin what's behind the departure it's a surprise it's concerning as we've heard from analysts and i don't know anything about it well it definitely is a concerning move you have to remember systrom i

details of the departures of the two founders of instagram.e other stories making the news. drugmaker novartis says it will cut about 2,200 jobs in switzerland over the next four years as it consolidates production and moves jobs elsewhere to boost profits. the firm's chairman has said the company is planning to streamline its worldwide production to help cut costs. the swiss company now has about 13,000 employees in its home country. ford is looking at speeding up plans to build more of its cars in china amid the growing trade war with the us. the firm's vice president says the dispute has made us exports less attractive and that he does not see any easy resolution between the us and china. more than $650 million was stolen from british bank customers in the first half of this year. industry group uk finance says almost $200 million was stolen in so called push payment scams, where customers are tricked into sending money to another account. the rest was unauthorised fraud, including the theft of bank card details. president trump has signed

el vocero de instagram ignacio de los rÍos nos cuenta mÁs.con nuestros hijos y nuestras hijas sobre cÓmo es el tiempo que pasa en instagram. estas son algunas preguntas que nosotros queremos que hagan a sus hijos. por ejemplo, cuÁl es el tipo de cuentas que sigues en instagram? o cÓmo te afecta los comentarios y los likes en las fotografÍas y los stories que estÁs publicando? alguna vez he sentido incÓmodo con algÚn comentario alguna experiencia que hayas tenido? preguntas que nos ayuden a tener mejor la experiencia que tiene los adolescentes en instagram que sepa quÉ hacer para reportar casos de bullying o Ómo verificar que la eentre en nuestra instatories de nuestra cuenta de "ediciÓn digital" en instagram. ♪ ♪ ♪ pamela: seguimos con mÁs de "ediciÓn digital". la mujer que van a ver a continuaciÓn sufrió tremenda caÍda desde el techo del restaurante de comida mexicana en california. los asistentes al lugar se percataron del incidente por una pierna que salo repentinamente entre los paneles, unos segundos despuÉs de la estructura se desplomÓ

back end and make instagram for so many years from instagram relied on facebook.ow facebook is going to be more instagram. they want instagram to be a driver of activity and content back to facebook which goes against what instagram wants to do. this separate kind of experience for people. they do what the whatsapp people do and put that in the rules? that it would have to stay standalone? that is what was so interesting. >> you are absolutely right. was a client, this idea of buying an app and keeping it separate in the company come it was acquired before facebook went public, before facebook had a billion users of its own. they had 30 million users. -- the size when they were purchased by facebook. this is a different era for the company. instagram has a billion users around the world. if they were on the earth, that billion in worth 100 terms of valuation. that isa huge property crucial to facebook's future, maybe even more so then whatsapp. vonnie: any idea what the founders will do next? >> they say they want to be taking time off to think about what they wan

. ♪ >> so the way john mayer's instagram stories started is that instagram started instagram stories master it. and i did. time for my natural snack on the go. it's a banana. well, it's an old banana. guys, can i please get a better banana? this one. thank you. take that one. so, i've spent about $16 million on special effects to get that reality through instagram stories that people desire so much. so without any further ado, here is the teaser-trailer for the trailer for john mayer's instagram stories, turn your televisions on their side or just cock your neck like this and enjoy. roll it. ♪ ♪ i'm allowed to come to your house with my own beef. hey, everybody, update on my jeans, they're still drying. is that brian? hey, brian. how's it going? oh, you're not brian. look at this. we're all out of eggs. now i got to go to the store. this is [ bleep ]. okay, let me start again. it's a double 69. oh my goodness. number one, thank you for bringing the mattress. number two, don't walk it through while i'm playing my tympannies. [ cheers and applause ] >> jimmy: wow. well, that -- >> that

rishaad: facebook does own instagram and instagram is one of the profit drivers. that is something which american investors will be digesting later on. let's have a look at the news in asia. this is the nikkei 225 off the highs of the day even though it is still early, just 0.1%. composite, we are seeing this -- the losses that we had were much deeper at the start of the session. it does seem to be recovering their. not moved at all since i last checked on it. what is moving on these markets in china? let's have a look at three companies. the biggest loser on the market at the moment is hna technology. this beleaguered group has had various companies it had listed put on the shelf. this is the latest one to come onto the market. there, down 10%. china grand automotive services up 10%. gainingey are very much investor attention. volumes are huge. this technology company is a small to mid cap. it is trading on something like a price-to-earnings ratio of 330 times. let's have a look at oil. the price of the black stuff continuing to rise. that makes most of these com

more trouble for facebook as the instagram coveders call it quits.ewely boorstin in los angeles with more on what this means for facebook high, julia. >> well melissa coveders kevin systrom and might go kriek krieger leaving the company. ceo and kto after selling the app to fischer for $1.0 billion. they have had a successful run grow going to over a billion monthly user saying they are planning to take off time to explore cursety and creativity again facebook shares bouncing back after dipping this morning on news the departure come at a time when instagram is considered increasingly important for facebook's future. adding users when the core service stagnated and more room to grow add revenue. it's a time when there is growing concern about executive depart yurs. jan koum on the board announced depart in your april and stand rose nouns announced will be leaving after 12 years this fuels concerns about internal strive at facebook under the cloud of scrutiny for are from capitol hill for election manipulation upon the platform it raises questions abo

with bigtarting changes to the instagram. >> instagram cofounders are quitting the company six years after they sold it at -- sold the app to facebook. instagram has become a star performer for face at a time when it's -- for facebook at a time when it's main -- >> instagram's cofounders are leaving the helm of the company they founded eight years ago. saidblog post, the ceo they are taking some time off to explore our curiosity and creativity again. instagram was acquired by facebook and 2012 for 1 -- in 2012 for $1 billion. departure of its founders comes amid a year filled with danish -- with data challenges. instagram had been one of the bright spots in the social network. the lost of -- the loss of the executives come as whatstsapp ao leaves the company. facebook's push to further monetize the form with more ads -- the platform with more ads and longer video posts reportedly led to conflicts over the original goal of simplicity. in a statement, mark zuckerberg said he learned a lot from them and is looking forward to seeing what they built next. >> let's take a look at what is h

instagram's co-founder kevin size drum and mike krieger quit their jobs as c.e.o. and chief technical officer of the photo sharing in a statement they said they were ready for the next chapter as they transition from quote leaders to two uses and a billion there resignation comes as a blow to parent company facebook which acquired instagram six years ago to deal with formally allowed instagram to continue to be run independently but inside as the co-founders felt they were not being given enough autonomy. let's bring in our financial correspondent power but it's all not how important is instagram for facebook. well it is becoming more and more important for markets are pervert the c.e.o. of facebook as its core product is in trouble. face will be seeing massive exodus especially of young people are recent study has shown that almost fifty percent deleted the app this year over its scandals us data use spreading false information and the network just becoming old instagram on the other hand is booming it's expected to show eight billion miller eight billion dollars

rift between instagram and facebook.en will be leaving instagram in the coming weeks. no word on why they are leaving, but they are planning to build something who will run company left earlier this month. >> stepping up to help her party, we caught up with hillary clinton at her hotel, this one, a fundraiser benefitting democrats. earlier, she was at a fundraising breakfast in a san francisco home for a candidate running for governor. she spoke about the importance of getting out and voting in the up coming mid term elections. >>> up next, the champagne celebration of the a's, who they may be playing in the playoffs and the warriors are back at work. the nature of a virus is to change. move. mutate. today, life-changing technology from abbott is helping hunt them down at their source. because the faster we can identify new viruses, the faster we can get to stopping them. the most personal technology, is technology with the power to change your life. life. to the fullest. in the a )s lockeroom. >>> it was a champagne kin

for some reason instagram does a good job >> i get shoe ads on instagram >> i should be getting the shoe ads. >> i know. >> i get a lot of jewelry ads. >> what should they be targeting yor ou zbli don't know. i don't foul far it on instagram but maybe other services facebook stock down 1% let's check in on individual market moves retailer bed, bath and beyond, i think this is a great store. >> and they own bye bye baby it is a very good store. >> and bed bath and beyond is upgraded to market perform from under perform. it is up 6%. if you read the note on this it is actually sort of from being very barish -- >> and that's the story of the stock too. >> it is still down 32%. it is down 11% year to date even after this move. it is sort of rally off the bottom it could have a bounce back quarter or two opposed to changing its direction >> and everyone -- analysts complain about the coupons you can always use the coupons facebook consumers not so great for profits. >> i'm watching jumping today on a report that it is in talks to develop marijuana based beverages. they say the expressed inter

instagram aref leaving facebook.xit follows growing tensions with the chief executive mark mark zuckerberg over the direction of the photo sharing app. nejra: the u.k. opposition is very to vote down any brexit be brought to parliament. they will tell the annual conference at the prime minister cannot rely on the parties support for taking a step into the unknown. stories onmost read bloomberg, starbucks is planning and organizational shakeup including cutting jobs and a second supreme court nominee brett kavanaugh, is he not going anywhere in the face of sexual assault allegations and then at the top, it will take another 25 years for wall street bailouts to be forgiven. that is a big call. dimon's stock price, he is in a strong place to make such statements. nejra: let's look at these kuroda headlines that are still coming through, he managed to -- he was saying we will keep watching as sudden market changes could arise. the boj will continue to thoroughly examine the jgb market function. they have to keep an eye o

instagram is facebook's most successful acquisition instagram has more than 1 billion users, and is increasinglyopular among younger people at a time when growth of facebook's core app stalled. in a statement mark zuckerberg called them extraordinary product leaders and wishing them well shares of facebook are lower in premarket trade. kevin was really responsible for the quick shift to compete with snap and people talked about mark being thbig deal >> do you still need those guys, do you think >> do you ever need a founder? i think you might. when you think where instagram was a year and a half ago when people thought snap would overtake them. >> kids do both. >> unfortunately, though -- >> kids don't do facebook. >> they do instagram >> facebook traffic has gone down >> right >> facebook young people -- >> people have moved materially over to instagram. snap, it is impossible, i hate to say it given that you would like to see them succeed, they are not succeeding the way anybody expected them to in large part because instagram was able to basically copy and arguably make some of their features

follow us on instagram. among the many cities we feature on our instagram account stock home that is where you can find the apartment of two architects who lived in london before relocating roughly ten years ago they found their dream home in an early twentieth century building gradually began to make it their own adding amongst other things a good splash of color to bring the rooms to life. well. the bright orange hallway india garos apartment in stockholm contrast with the intense blue of the kitchen cupboards colors play an important role in her home . when we were starting to play with the how can we change. the words to something a bit more exciting we took out a lot of different colors then my husband being an architect this well we always disagree on things but we agreed on this color and then the door survived and they came up and i was like oh my god it was a bit of a shock but now when you look at the whole room as the space if it's good. the dining area is largely white but features a range of fur

on instagram. time now for something to eat and as we say good bye this summer it's time to opt for warmer hardier dishes as the days and nights turn a bit colder the czech republic is famous for this type of wheezy and more specifically for disc auld cova it's basically roast beef in a rich cream sauce not exactly something for those of you who may be counting calories like those in our last report but it is ok to indulge every once in a while so bone up fifty. a medieval city in the west of the czech republic the city's thirteenth century castle draws many tourists especially from the nearby spa town the ada river flows around the base of the castle wall in the shape of an elbow that's would look at means elbow. on the other side of look at castle is the hotel kaiser fadi named for a former monarch it cultivates tradition the monarchy granted it the right to brew beer today it's beer with six point five percent alcohol is served in the vaulted cellar restaurant and weather permitting outdoors on

among all these, instagram was the jewel in the crown.s why. facebook, with over two billion users, is still growing. but the rate of growth has slowed. meanwhile, growth at instagram has been exponential, from 30 million users six years ago to over a billion now. crucially, much of that growth comes from younger users who are prized by advertisers. facebook wanted to sweat their asset, putting more ads on instagram. this is what reportedly led to tensions. the founders of instagram, whatsapp and oculus have all now left facebook. but some perspective here is useful. still only 1a years old, facebook is one of the world's most innovative companies with a market capitalisation of nearly half a trillion dollars. moreover, all acquisitions bring tensions, perhaps especially in silicon valley. but after torrid headlines over the cambridge analytica data scandal, constant scrutiny over abuse of the platform by foreign powers, and now these latest departures amid slowing growth, mark zuckerberg could be forgiven for feeling like he's running ou

vamos alarde instagram.. hoy llega el vocero de la aplicaciÓn y nos dirÁ de quÉ manera podemos proteger al otros hijos. creo que no sÓlo los muchachos pasan mucho tiempo en el telÉfono, también los padres lo hacen..} karla:yo soy de las que tiene miedo. mis hijas no tienen redes sociales, yo lo hago por el trabajo. me va a interesar mucho. carlos: yo quiero que me protejan de mi mismo a ver que me sugieren. [risas] karla: vamos a las noticias. satcha: arrancamos con esto que estÁbamos comentando. casi 5 millones de personas bajo advertencia o aviso de huracÁn a lo largo de la costa este del paÍs mientras "florence" se aproxima con categorÍa categorÍa 4. el sistema se fortalecerÍa en la prÓxima 24 horas para convertirse en la peor tormenta que azota a carolina del norte en las Últimas 6 dÉcadas. autoridades ordenan evacuaciones y advierten que no resistirÍan el impacto de un monstruo. carolina rosario nos acompaÑa en vivo desde carolina del norte. muy buenos dÍas. adelante. carolina:satcha, segÚn las autorida

so many questions about instagram here, and a lot of it is predicated on your analysis that instagrams with more than 100 billion dollars on its, and facebook has only started to monetize some of that now. what are some of the examples of what facebook is doing or that mark zuckerberg is pushing the founders to do that is making them uncomfortable? we are seeing is the growth is shifting towards more facebook platform engagement dropping. the user growth has been slowing, and the platform is maturing on its own. so, not instagram has to pick up is fallingthat short, so basically pushing advertising and trying to monetize life stories a lot more than it is right now is sort of the hope here so that they can meet inspect nations in the second half, but this exit basically creates like an execution risk in terms of that monitor his asian -- monetization timeline. jitendra, it is interesting that we saw snap do relatively well, and they have suffered. is focused on taking a leaf out of their own book. is there a worry that facebook is going to lose that secret sauce when they have lost th

posted on instagram, quote, never drank around or with him for the record.exton fired back writing quote, i love to drink and party, absolutely, dude. here's her mugshot from her most recent arrest. ben is still in treatment. he's allowed to work out a few hours a day at his home. when accompanied by his sober coach and therapist. >> some are frustrated that ben and the playmate are still hanging out. that source tells "e.t." quote, shauna is a huge red flag to everyone trying to support ben and they feel shauna is giving him false confidence and this's their biggest concern. >> he needs to pull it together. >>> another struggling actor and another "e.t." exclusive. we spoke to roseanne barr last night about losing her show and the conners moving on without her. >> there conners last without you? >> ya know, i'm just staying neutral. i don't wish nobody bad. >> it's been said that your character will be killed off. >> i've heard that. >> you think that's the right choice? >> i just have to be neutral and walk away. i did walk away, so people can keep their j

the history of what happened with instagram founders will, over time.poke sosting ac bluntly, saying he refused to sign a nda as part of his exit agreement, which allows them to say these things. criticalarly very of the way they conduct business. that is not appealing. for founders of companies that are required to leave, that is not unusual. that should not raise huge alarms in my opinion. emily: to leave the company that bought them and say delete facebook, that is a big deal. when we saw the instrument cofounders -- instagram cofounders leave facebook, no kind words. reading between the lines, it seems like something is not right between them. our reporting also tells us that they want happy -- weren't happy. that all seems right. in the forms interview -- says ifinterview, acton it makes them money, they will do it. that is damning criticism i think there is evidence for. if you look at the problems facebook has today, many of them i think probably flow from a culture, which whatever reason, they can to prioritize making profit over and a lot of ot

but they will have for example instagram or facebook or twitter following. and some of these celebrities are getting a little bit more scrutiny now aren't they because of the products that they're pushing and the fact that many people are not aware that a lot of them are being paid. to do this are we reaching a point now where they are going to get more scrutiny from from advertising authorities and so on absolutely yes i think it's been described as the wild west previously where you know the average person couldn't actually tell if a post had been sponsored or paid for in some way so the advent of investigations from the f.t.c. the i.s.i. and now the cia it's definitely the influences are much more aware of what they need to be doing and brands are also a lot more aware of how they need to ensure that posts of clearly disclosed why is this so important what does this mean to the so-called generation of generations that it's coming up now well it's important because you know generations e we are consuming much more social media content than we ever have bef

instagram's co-founders kevin sites from and my credo have quit their jobs as c.e.o. and chief technical officer at the photo sharing app in a statement they said they were ready for the next chapter as they transition from quote leaders to two uses inability. their resignation comes as a blow to parent company facebook which in some. six years ago the deal reportedly allowed instagram to continue to be run independently but insiders say the co-founders felt they were not being given enough autonomy. let's bring in our financial correspondent paul brits on the subject how important is instagram for facebook. to get heard instagram is becoming more and more important for facebook as its core product facebook is stuck with people like you i know you're still on facebook but a lot of younger people are not there's actually an exodus of people eighteen to twenty nine recent study has shown about fifty percent of those in the u.s. have deleted the app during this year that was marked by scandals like the. it's use of user data. and the spread of false information and quite

telling your story on instagram. play. losing the fun beethoven and. his work that god has for turning up. the mushroom and fish. the children twenty. one ten sixteen coming up crying a code around the world. young people held against their parents' generation. because it was a constant plague us to follow stupidity and cliche is the seed they demanded nothing less than a whole societal wide maelstrom of conflict and the violence with the vietnam war a pledge to proclaim our generation to watch the bomb war every day. our documentary takes a look a little tough and splendid to those murder images of them for the first time i had a feeling of being part of something. because of those events today. who sued spoke of civil rights the peace movement the women's movement for all planned during this period clinton sixty eight the middle. east would double. play. the german carmaker volkswagen has faced judges and company shareholders in the first major german hearing against the company the court had to adjourn to a convention center in order to fit some fif

instagram was run quite separately.nfirmed it will take over versace for $2.1 billion takeover. creative director donatella versace has run the company since 1997 and will continue to oversee the brand's creative vision. samira hussain is in new york for us. so why does michael kors want to buy for saatchi? michael kors feels it can actually do wonders for for saatchi. michael kors wants to get into the european market and to challenge some bigger european brands like louis vuitton. versace isa brands like louis vuitton. versace is a good way to do that. however if you look at social media, some of the initial reaction to this news was really pretty vicious. people acquainted michael kors with cheap fabric for soccer mums or calling him one of the tackiest men around. reaction was pretty harsh on social media but a lot of that has to do with michael kors having to real brands. it has its high—end luxury brands. it has its high—end luxury brand and it's more accessible bran which people really know it for. we have been t

instagram's co-founders kevin size from and krieger have quit their jobs as c.e.o. and chief technical officer of the photo sharing in a statement they said they were ready for the next chapter they transition from leaders to uses the resignation comes as a blow to parent company facebook which acquired instagram six years ago the deal reportedly allowed instagram to continue to be run independently but insiders say the co-founders felt they were not being given enough autonomy. u.s. fashion company michael cause is pushing further into the high end luxury segment michael causes a reportedly close to acquiring italian fashion run vest saved in a deal said to be worth over two billion dollars that's according to the financial times newspaper for years the family owned italian fashion label had been considering going public sales of a colorful designs by the company's creative director. declined those plans. she is expected to announce on tuesday what the future holds for michael because it will be a further expansion of the brand portfolio after acquiring british lab

perfect instagram influences should be trustworthy genuine and credible. trendsetters like little michaela she'll always be nineteen and she'll always be playing with the image. the fans on have social platform jenny even kat if she's real numbers. i called her a little while ago because i just thought the way she just was an idea like faking to be a robot but i suppose it's a real i don't know. around one point four million people are following her account . she recommends styles that she's having. them on a day when they came and made an announcement that she wasn't wild card creators maintained her account had been hacked to reveal she was fake but marketing expert ted donek says that didn't tanishaa success he started to display. qualities that humans have and you know that people tend to like a lot of the machine learning as well going on there so they're able to see what types of behavior. people are drawn to. another example of the enemy saying i have so many care of japan she's been giving live concerts for years fans will shut off as much as one h

. >> yeah, and, chris, certainly we got that news earlier that the co-founders of instagram are leavings well. the second round of co-founders of an app that's been acquired by facebook. >> obviously i think it was a very good acquisition to buy that company for a billion dollars. i think it's created a lot of value to facebook. but i think it's actually very telling that these important innovators are now leaving the company. i think there's an air of arrogance within facebook, and i don't know that you're going to be able to change that culture so companies really are led from the top, and it's a culture from the top. that facebook board needs to take more control, it needs to be more diverse, and it needs to hold management accountable. it's a good question about whether you can hold this management team accountable. >> yeah, kind of hard when zuckerberg has voting control. taking a look at some of your top holdings, include apple, microsoft, amazon, alphabet. a lot of these names, facebook as we were just talking about, have really soared lately. a lot of people saying they're prett