emily: what other things are we seeing jack dorsey do that matt really move the needle? are they -- is it possible to re-accelerate? guest: they have a marketing campaign. that tried to show people what twitter has on it.

but jack dorsey has only been there for a handful of months and it will take more time unless somebody goes hostile. >> has a company ever had a ceo that it had to share with another publicly traded company. >> i think there is an auto executive who is doing that. >> it is few and far between. >> yeah. elon musk maybe. >> as a chairman. >> and one company being a troubled company with a stock under assault and another one going public. >> it is a confusing thing for investors and i'm one of them. i like what they are doing on monetization. the google catalyst of integrating into google is very positive. as we've seen also, the add monetization is much better than facebook, albeit very powerful and distant platform. one that is nowhere near its potential. it is very cheap at these levels and that is not an earnings level that is almost a dc level. >> is there a floor for twitter? >> i have to be honest, i thought it was hold 35 on the way down and it didn't do that. and i thought it was great and a unique property and i still think that. but the stock action is such that until it does s

emily: you wrote this book before jack dorsey was named ceo of twitter. and the only silicon valley company that grew from strength to strength, as you put it, is intel. do you think twitter can be the second in history? sir michael: i think it is better to have a founder then going outside. jack has not been bashful about saying twitter needs improving. and that is where his strengths ought to be. as the product improves, presumably consumer satisfaction in the business will improve as well. emily: how do you see this playing out? does this bubble burst? ♪ emily: as you said, you grew up in wales and somehow made it to silicon valley. what kind of kid were you and how did you get here? sir michael: i got here through no grand plan. i went to college in britain, and this was the britain of the mid-1970's. it was not a particularly enticing place if you were a young graduate looking for opportunity. i came here and was very lucky to get a scholarship to study here. and after that was lucky again to get a job at "time" magazine which sent me out to silicon

with jack dorsey back at the helm. that does it for this edition of "bloomberg west."ee you tomorrow. do not miss this week's episode of "studio 1.0" with troy carter. ♪ sure, tv has evolved over the years. it's gotten squarer. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. tand that's what we're doings to chat xfinity.rself, we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.

. >> we spent a considerable amount of time talking about jack dorsey, his beard, whether he can run companies. are we okay with him being the ceo? >> he shaved his beard. >> he spends a lot of time on his grooming habits. >> one thing you can see is the cadence of product releases including today's has picked up. you also see the cadence of monetization. he corrected the cost structure. he cut about 10% of the work force which was loaded. he also gave 1/3 of his stock back to employees so they could invest and participate in the growth of twitter. we think he's having a material impact. >> bob peck, thanks for coming in. >>> you've been pounding the table how twitter can monetize the logged-off user base. >> it feels like years we've been talking about this. the problem is the street basically sees what subs are. when jack dorsey was on the floor of the exchange for his ipo in square, i cornered him in a stairwell. i'm surprised security didn't take me out. it was me, him and a couple of girls. sounds like a much better story than this. i started asking what he plans on doing with t

dick: jack dorsey can sit here and you can ask him, what were you thinking about when you first, youinvented twitter? you know? you can't ask me that same question, because my answer is i didn't invent twitter. you can be a non-founder ceo and have real, thoughtful opinions , and even certainty about where something needs to be taken that is helpful to the company. i mean, i can tell you when jack saw vine and -- and loved it and knew it was right right away, and brought it to me and talked about it, we were both, "we have to do this." i felt the same way when jess verrilli on my team -- corp dev team came to me and talked to me about periscope. right away was, we have to make that part of the company. i tell you, my daughter, at the end of 2014, she texted me, she said dad, i have bad news and good news. the bad news is there is this article that says, you are one of the worst five ceo's of 2014. ok, what is the good news? you are number five. the good news is you are number five. [laughter] dick: so i view that, like, as a lesson that i have taught them, hopefully, about how not to

jack dorsey runs them together and that could be interesting for the new world order, especially as twittert to surpass yahoo as the number three display ad user next year by e-marketer. >> what was that? >> matchmaker, matchmaker. >> all right. so for me, i think it is something like a comcast. because the big thing yahoo has, yahoo finance, which is a great site. and yahoo sports. those are the two main sections. comcast could wo be great. >> and comcast the owner of cbs. and they put that out as well. i can't believe you didn't know matchmaker, matchmaker. so what do you think? >> i'm going in a different direction. i don't see a corporate buyout. i'm going with the silver lake private equity. if they could buy it for cheap and milk whatever they can out of the existing base, which is big, dwindling but still big, maybe that is how you do it. >> i don't know how they don't know that mary poppins was my favorite movie. it is crazy they didn't know that. >> mary poppins is not -- that is fiddler on the roof. >> it is from your generation. >> watch what this one is. iac should right swipe o

what other things are we seeing jack dorsey do that matt really move the needle?is it possible to re-accelerate? guest: they have a marketing campaign. whattried to show people twitter has on it. a lot people think that twitter is just a place for celebrities, politicians, and journalists. it kind of is. but there are ways that people who don't have publishing agenda media, soand consume they are trying to let people know about that possibility. other product of diets? guest: many in the pipeline. they're reconsidering the 140 character count limit. they changed the favorite button on tweets to a heart. emily: i have been getting more hearts. the goal was right to increase the likes. i feel on average i get more with the heart. guest: they say it is working even though people were annoyed the beginning. and there is the moments program. doing well.ys it is that is another skeptical thing. this 500 million number, this external audience, they haven't updated that number since november 2014. it would be nice number of that was growing bigger than the monthly average

emily: you wrote this book before jack dorsey was named ceo of twitter. do you think twitter can become the second such company in history? sir michael: i think it is far better to bring a founder back who feels a kinship with the company then going outside and recruiting someone. jack hasn't been bashful about saying the product of twitter needs improvement. that is where his strengths lie. if the product improves, then the business will improve as well. emily: how you see this playing out? will this bubble burst or is there a soft landing? he somehow made it to silicon valley. what that kid where and headed you get here? michael: i went to college in britain and this was the britain of the 1970's. it wasn't a particularly enticing place if you were young graduates looking for opportunities. so i came here and was very lucky to get a scholarship to come study here. after that i was lucky again to get a job at time magazine. which semiotic time magazine sent me out to silicon valley. luck,h a stroke of great a fellow who it started sequoia to the risk on

. >> you wrote this book before jack dorsey was named c.e.o. of twitter. you say the only silicon valley company that grew from strength in thength was intel first 30 years. so do you think twitter can history?e second in toi think it's far better bring a founder back who still feels a real sense of dedication ownership with a company than going outside and hand.ting a hired jack hasn't been bashful about saying that the product at twitter needs improvement. his strengthere lies obviously. presumablyduct is consumer satisfaction, and presumably the business will well.e as >> how do you see this playing out? does this bubble burst or is there a soft landing? ♪ >> as you said, you grew up in wales. you somehow made it to silicon valley. kid were you, and how did you get here? >> i got here through no grand plans. to college in britain. and this was the britain of the 19 -- mid-1970's. it wasn't a particularly you were aace if young graduate looking for opportunities. so i came here and was very get a scholarship to come and study here. againfter that was luc

ceo jack dorsey went on to praise the service for holding government accountable, so it's back.rosoft is cracking down on snoopers, announcing it will cloud serviced users if a government-backed hacker targeted them. the policy closely mirrors those google,in place at facebook, twitter, so why did they wait until now? david still with us. let me start with you -- this is fairly interesting, that microsoft -- looks like they just got out and buy a story by reuters, but this went to the top levels at microsoft. >> they were definitely i think behind the eight ball a bit, and they really need to focus as cyber security becomes a bigger issue. this is a situation where they need to be more proactive, especially with some of the china threats, and i think it ataks to a new era microsoft, when they take off the rose-colored glasses, step in the right direction, issue a mea culpa, and make sure does not happen again. cory: we have seen a number of enterprise tech companies talk about the difficulty they have had telling into china and into europe after the revolution -- revelations the

jack dorsey wants to focus on the company, and i think that's a good thing.se days the development process is changing. i think lots of companies use contractors. i think this tweet was blown out of proportion, if will you. >> jessica, there's also obviously an issue about the new head of diversity twitter and whether he is going to be able to redress2% of the work force actually african-american. where to you think dorsey will be this year coming? do you think he will have turned around twitter? i didn't realize it's more than two years now since the ipo. this has been on the market for a long time and clearly trading below the $26 which it was priced. >> i think it's an uphill battle. i think jack has done a nice job in rallying some of the team internally. a lot of people that we talked to there at the company -- the execution is tough. i mean, luckily the monotization seems to be working well, and revenue growth is good. that doesn't seem to be appeasing investors. >> 2016 and -- it needs a different owner and a different distribution. >> it's one of the

his comments on jack dorsey were kind of interesting.was the stance of many people in the board when we started that it was required to be full-time, and as i said publicly, we wish swrak wejack full-time, and we made a compromise to put him in the role, and we made the choice. >> swrason, we heard eiger talk to the journal about whatever it takes to run two businesses, jack has them. do you agree? >> you know, we're going to find out really quick. you know, watching elan musk with spacex and with tesla and i'm personal friends with him, it's not easy, and he is elan musk. i don't think it's going to be easy for jack. the inside whisper, obviously, has been the board did not want to do this. they didn't find a better candidate. you know, two-thirds of jack's time or half-time for jack at twitter was better than the other candidates. that says something about jack's ability. i hi in the long-term jack's heart is with twitter, and i think square is going to be a grinded out business that will need a different type of leader. not necessaril

"the wall street journal" taking a look today at how jack dorsey runs both twitter and square.e maximizes his time. twitter's executive chairman agreed to be his driver for a day so they could talk business. he also goes to disney ceo bob eiger for advice. so he's a good sounding board for him. says dorsey splits his days, spending the mornings at twitter, the afternoons at square. twitter's stock, meanwhile, sitting at new lows. so plenty of room for improvement there. he's only been ceo for a couple months. so -- >> yeah, six months or so, maybe a little more than that. the article describes 18-hour days. eight direct reports. marathon meetings at both companies. they're located next door to each other, which makes things a little easier. he did say certainly he can get bogged down in minutia, but his legacy still. >>> disney taking about eight points off of the dow. we've seen some of the gains for this morning evaporate. the dow currently up 19 points as we head into the afternoon session. so a lot to watch there. >> yeah, disney's done well over last few months. it took th

and jack dorsey. they're owned by twitter. ask at what point do you monotize.hink that's some ways off. starting to get some scale. you whon does a lot of it? cramer before "mad money". it's seen ridiculous growth. >> a lot of people use it. a lot of people watch it. the problem also, i think, is competition, right? facebook is rolling out this new live video feature. there are others. nothing proprietary, but still, a boost of confidence, i would think. apple also named drake best artist. >> yes. >> by the way, as you look at twitter stock, that's a 7% gain on twitter. that's the 17th best session they've had on a percentage basis, and the other bit of news on twitter is that they are going to start rolling out ads for logged off users. if you go on twitter but don't actually logged on, you might still be seeing ads, and we'll see what that does for monotization going on. let's get back to scott whop ner who is over at headquarters with the half. >> welcome to the halftime show. joe terranova here along with josh brown and john and pete, and also with us on se

now, have we ceded the power to go after isis to is it the mark zuckerbergs of facebook and the jack dorseysis it tim cook with apple because of the phones or is it president obama? who holds the keys now to going after these guys? >> so that's a great point because technology's moving at a great pace what the technology companies can do in encrypting data would make it very hard for law enforcement and intelligence community to get after it. i think what everybody is calling for is a discussion between the technology companies and our government on what and should we do. and, you know, liz, i think this is something that should be not only a u.s., but an international approach. it's got to be. liz: do we leave it up to anonymous, the hacker group? they are in just a few days going to do a whole day of let's attack isis through the web and through all of these social media sites. i mean, whoever thought we would be linking with anonymous to get these guys, but maybe they have more power x that's a sad state of affairs, is it not? >> well, it is in that one statement, but note that attacking

that is why the stock is up to scarlet: jack dorsey recent -- that is why the stock is up.entlyjack dorsey named ceo. is this is initiative? sarah: this is something the company has set for a while that they would do. adam bain is in charge of the revenue operations. he has been intending to do this for a while. it has just been a long road for twitter. they have a lot of things going on right now. finally, they have come to the point where they can do this. scarlet: any other way that twitter is looking to expand its audience to appeal to advertisers? sarah: they are advertising to people through their mobile ad network. so various third-party apps do twitter ads as well as well as partnerships with publishers, like yahoo! japan, where they anddistribute tweets promoted tweets. scarlet: thank you. still ahead, chesapeake energy will erase one billion barrels of oil from its books. scarlet: let's get to bloomberg markets. mark: geneva police are actively looking for suspects tied to the terror attacks in paris. officials say police are increasing their counterterrorism vigi

stephanie: lets aim jack dorsey or mark zuckerberg today.resident obama speak last night, is it me who is supposed to do something? think one of the things that we know about the terrorists is that a lot of the methods of terrorism is that it wasn't facebook or twitter, all those have been effective recruiting stations. it was more the playstation and the messaging systems. there is the issue of free speech and then there are the serious business issues where you have seen eggs silicon valley companies like symantec and cisco talk about the business impact of the edward snowden relations. hacking into the devices. it was hurting the sales in europe. that they a year ago were seen as being in bed with the nsa. they found they were losing business. there are some serious enterprise technology issues that go beyond free speech. david: let's go back. you said that there were some indications that we would go further. what could he be asking for from silicon valley? megan: even though the president has said that he won't reverse the decision to s

the ceo of those two companies, jack dorsey, holding a live online chat right now. john fort has been following it for us. what is he saying and what kind of questions getting? he's a man on a hot seat. >> a little early to be able to tell what you the questions are and what he is saying. it's just begun. he is doing that chat on product hunt which outside of sill con valley might seem odd. it's a site where an app where people can good in to find out cool new gadgets and apps. you can vote on the best ideas. lately the 2-year-old start-up is voting products, becoming more of a community ashgs place where people can go to share ideas and read live chats, think of it like read it, rappers snoop dog are doing live chats soon. so is stewart butterfield. i would look at this a little light going on stage at a conference. there's a lot of competition for talent still in san francisco. dorsey needs to recruit for two companies. there better be some distance for it. dorsey is so press ford time running two companies as twitter's executive chairman, can you hardly find a sl

bringing jack dorsey in. facebook, analysts say focus will be on top and bottom line growth, finding ways to monetize instagram as well as its two other key acquisition, what's app in the messaging space, and occulus in the virtual reality space. when it comes to twitter, ubs says clarity will be needed for potential to be achieved. so improving its user interface in an effort to make it more mainstream, updating its advertising strategy, and putting money to work, perhaps making some key acquisitions. >> thanks. stay right there. up 37%, down 37%, a mathematical anomaly, or is there really a story to be told there? >> i think the magnitude of the gains and losses are pretty much coincidental. 37% added to facebook is vastly more market cap than twitter even has. i think it's in a sense a false comparison. it might be a winner take all category, but i think facebook, when it comes to the advertising pool, it's really not going head-to-head with twitter. it's trying to gobble up television ad pie. google and a

i jack dorsey john stumpf whether cultural differences are still in the bank? >> our whole business model is to serve customers. what's good for customers is draw for us and we draw bright lines around that. >> unclear to what extent those bright lines have been reinforced since these allegations were first uncovered just a couple of years ago, but it is the bank's first comment since the news of these inquiries in washington have been reported. the bank, though, we should know has largely dodged the brunt of regulatory investigations that have plagued other big banks. it is still getting pressure from the fed to pad its balance sheet with new long-term debt, some call that unnecessary but said the bank would do it. as far as interest rates and that pesky rate hike, guys, he thinks the fed will raise come a few weeks from now. >> maybe we should say he hopes they raise. they all do. >> we've heard also the cfo john shrewsberry tell us their exposure is more balanced than some other banks. in the context of all this what did he say about the performance of the o

you know, i think bringing back jack dorsey was a good move for them, and they need more direct advertiserspchat, are you bullish on that? does that make sense to you? >> it's early there. revenues there are $70 million this year or something like that. they predict an ipo in 2016, but the teens and millennials, a great platform for that. there's a new platform called discover, bringing in espn content. >> do ads disappear in six seconds too? >> no. >> craig, thank you for coming in and happy new year. >> yes. happy new year to you as well. >>> when we return, u.s. stocks, nasdaq higher, s&p flat, and dow lower year to date. next, how global markets perform and how to impact your portfolio in the new year. back in just a little bit. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep it all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and yo

dorsey from twitter on your show if you can. trish: i would love jack to come on the show and tell us exactly how he intends to fight this. it is a battle. all of these technology companies are in some way profiting from it. >> we have a muslim reform movement. . >> we all have a common enemy, which is radical and political islam and need a public-private partnership to do that. google, facebook, twitter can do that, and be at arm's length free from government intervention. trish: free from government intervention. i want to point out, we are looking at a market up 373. i'm going to let everybody know. that i did get good jobs data today, and we're also awaiting word from the director of the fbi who's going to come out and comment on this investigation which has now become an investigation into an act of terror. how significant is it, bill, that they made that declaration? >> certainly very significant, trish. i mean as we suggested before is that they have information behind this that's certainly making it, certainly robust enough they're going to make