let's bring in kurt wagner for more.rgument made is that the claims could help elon musk walk away from the deal over those spam accounts. does that theory hold water? >> i think it is more complicated. what the whistleblower basically said is twitter has not done a good job with identifying how many bots are on the service. he really is meaning in total. how many of the total accounts are bots. he claims twitter has no idea. it gets more complicated because twitter's argument has been it is fewer than 5% of the accounts we count as monthly active users and share with wall street. they are about two different things. but i think matters is the whistleblower is a top senior executive at the company reported directly to the ceo who is painting a picture of a company mismanaged and not taking the issues seriously. whether or not the data will help elon musk, i think he is painting a picture of a company that has not taken the issue as seriously as twitter wants you to believe it has. katie: theoretically, he would know. cou

joining us, she has an expertise in corporate government, ann meredith lipton, and kurt wagner joining us as well. what exactly happened today? kurt: a few things happen and both were things we had seen previously but they have since been amended or updated because of the whistleblower we talked about. the first is elon musk sent another letter to twitter yesterday saying i am formally walking away from the deal and here are the reasons why, and those reasons now include more information from the whistleblower which he did not have one he sent the first version of the letter in early july. the second thing he is doing is he is trying to amend his counterclaims. when twitter sued him he essentially sued the company back with his own counterclaims and now he is trying to update those counterclaims again with more information he has from the whistleblower he did not have the first time around. essentially he's putting the whistleblower at the center of his argument as to why he should be able to walk away from this deal. emily: professor, basically as i understand at, musk has changed his

kurt wagner, thank you, as always.e, ceos are increasingly turning to social media to share their feelings about layoffs. in june, the ceo of klarna took heat after linkedin posted the names and contact details of hundreds of employees who were let go. he said he was trying to get them jobs. others thought it was a little tone deaf. now, another post by the ceo of hybrid social is going viral. he wrote, "my employees would still have jobs if i had made better choices." he posted a selfi crying. some thought the post was a little cringey, but he embraced the backlash and dubbed himself the crying ceo. then there was this interview with redfin ceo who had this to say when i asked about layoffs. >> we laid off 6% of our workforce and i'm the one accountable for that. i feel so ashamed about it. i was so blue, i still am. but it is what we had to do to run a profitable business, and now i think we feel more optimistic about the future. but we are still running on a knife's edge. emily: coming up, we will take a deep dive i

bloomberg's kurt wagner. coming up, we are going to take a deep dive into big tech and antitrust and the relationship with the u.s. government. i will be joined by congressman david cicilline. all that it more, next. this is bloomberg. ♪ >> i think simply because he has been successful in a few different businesses doesn't somehow mean you have a natural market power. i think just means it has been successful in a couple of different customer experiences. >> i look at the skills people are learning through youtube and i see it everywhere. providing access to information and knowledge, we will end up being on the right side of history. >> i don't think big by itself is bad but competition is good. every business, in particular businesses that are large and have high scale, the unintended consequences of your scale cannot be dealt after the fact, they have to be dealt while you are scaling. >> in areas like ai, migration will be important. emily: some thoughts from my interviews of various tech ceos over the la

kurt wagner, thank you. coming up, we will take a deep dive into big tech, antitrust, the future with the u.s. government. i will be joined by davis if the lady. -- david cicilline. all of that and more, this is bloomberg. ♪ >> simply because you have been successful in a few different businesses does not mean you have a natural market power, it means you have had success. >> providing access would be on the right side of history. >> competition is good. the unintended consequences of the scale cannot be dealt. >> the area of ai will be important. emily: some thoughts over the last 18 months over antitrust scrutiny. the most talked about bill, the bipartisan act targeting big tech which would prevent companies from punishing rivals. it seems to be on track, but more urgent bills like the inflation reduction act. now the antitrust bill is in limbo. let's bring in david cicilline. it is so great to have you back with us, thank you for taking the time. does this still have enough votes to pass the house and wil

for more of this i want to bring in kurt wagner. >> his personality is very different in the role he'splay. sheryl sandberg, we see her all the time she's a best-selling author and she's out speaking publicly. she is shaking hands with politicians. javier is none of those things. he is low-key and influential but even inside his own company, people don't know who he is. he's a very different personality but here he is stepping into the same title a similar job and it's huge job given everything they're going through. emily: what does that mean for meta culturally? if people inside the company don't know who he is, does that matter? >> it kind of reestablishes or further establishes mark zuckerberg as the main guy. before even though mark has been more forward as the face of the company over the last couple of years, he was still -- it was up mark zuckerberg and sheryl sandberg show. now you have mark and not really anyone else. i think this further solidifies zuckerberg as the face. emily: facebook's valuation has been cut in half over the last six months. can javier olivan along with

kurt wagner covers twitter. what has he claimed? >> this is someone who is incredibly well respected in the security industry. he came to twitter in late 2020 and there were a bunch of very high-profile accounts hacked by a teenager. jack dorsey made a big plan to bring someone in with real reputation and stock in the industry. he was there until earlier this year in 2020 when he was fired or dismissed. very recently in the building at twitter. >> he was there very recently. twitter responding to the claim saying this is from the ceo. they are reviewing the claim but what they have seen so far is a false narrative. give us more detail on what he is claiming. >> he is essentially saying the company has not taken the appropriate steps to protect user data. he says they have not taken appropriate steps to update basic software on their data service. this is the thing that elon musk is jumping on. he says while the company does not actually know how many bots it has on the platform. it is a little more nuanced than that. we can get into

along with our own kurt wagner. thank you both, you will keep us posted on this drama. coming up, hbo gets a huge win with house of the dragon. how good of an omen is this for streamers, next. this is bloomberg. ♪ emily: the game of thrones a fan club was in house sunday for house of the dragon. the premier drew nine point 9 million viewers on television and online leaking at the best ever series debut in hbo history. it is becoming a battle of epics between hbo and amazon which is about to debut its lord of the ring spinoff, the rings of power. joining us now, house of the dragons, rich what did you think? >> this is what hbo does best. big, epic, super, tens of millions of dollars on episodes. this is the bread-and-butter of hbo. the big question for investors is going to be, how does this evolve over the course of the next 12 months? as you know, warner media was acquired by discover, the companies came together to merger. at some point summer, discovery plus will basically be mass together with hbo max, probably still called hbo max. we're going to see how those two

she has expertise in corporate government and bloomberg's kurt wagner joining us as well. there is a lot of back-and-forth here. almost every day. what happened today? >> there were a few things that happened and both of them were things we have seen previously but they have since been amended or updated because of the whistleblower we talked about. the first is that elon musk sent another letter to twitter yesterday, saying that i am formally walking away from the deal and here are the reasons why. those reasons now include more information from the whistleblower that he did not have one he sent the first version of that letter back in july. the second thing he's doing is he is trying to amend his counterclaims. twitter sued him, he eventually sued the coming back with his own counterclaim. now he is trying to update those counterclaims with more information he has from the whistleblower he did not have the first time around. he is putting the whistleblower at the center of his argument here. >> basically as i understand it, musk has changed his argument and is giving a c