began paying partners including mozilla and oracle more money for the users that they have to pay out and that obviously cuts in the bottom line. sandra: thank you, nicole. starts around the globe mostly trading to the downside after yesterday's u.s. stock market losses and earnings we talk about after the bout last night into shanghai slightly to the upside otherwise the hang seng, nikkei and costly finishing lower. european markets this morning taking a cue from weakness and looking at corporate reports come a bit of a disappointment there. the ftse, cac and dax all trading ahead. dow futures up 70 points. weakness across the board led by technology. as well as here. look at the gold prices under pressure again with yellow metal down another 10 bucks. eleven dollars as the loss now as the selling continues. we are in the heart of earnings season as investors await results from two dow components. going to report a profit of $1.37 per share on revenues of $24 billion. the company's commercial aircraft business expected to show strong underlying growth. fedex has signaled a deal to bu

ofly: john, you were the ceo mozilla. you started at apple? guest: i was doing experiments around the edges. emily: why greylock? i would not want to work in most firms. emily: why not? guest: i like to make things. everyone a greylock valued making products. it is of him to say it was everybody else. emily: he designed facebook and linkedin. you convinced treetop to join the firm. how did you do that? toid: again, it comes down -- we believe if you come from product and have that background , there is an authenticity. most people do not remember, but in 2005, valuation was $500 million. emily: just students on it at the time. a lot of people looked at that and said, we lost their minds. people inside greylock said this is not a we do. emily: who said that? john: we had partners. we like to disagree, push each other. there were partners saying, this will ruin the firm. emily: do these people still work at greylock? david: some do, some retired. not because of that. emily: john, you are behind dropbox, instagram. how do you fill the big shoes o

john, you were the ceo of mozilla. i was doing experiments and playing around the edges at apple. i wouldn't want to work in most firms. i like people who make things. i greylock, everybody -- at greylock, everybody values making things. emily: you did find facebook and linkedin. you convinced reid hoffman to join the firm. how did you do that? david: we believe that if you come from product and you have that background and have that network, there is an authenticity trade in 2005, when investment, it seemed small. it was just students. it seemed like an insane valuation. people look like that and said i had lost my mind. even partners inside greylock. john: one of the characteristics of our partnership is that we like to disagree. there were some partners saying that this would ruin the firm. this is a big mistake. do these people still work there? john: some of them do. emily: your behind some of the newer hits. had you fill the shoes of david? john: you don't try. i really believe in kevin. i had enough affinity for the category and product that i really wanted to do it. emily:

emily: john, you were the ceo of mozilla. you started at apple? john: i was doing experiments around the edges. emily: why greylock? john: i wouldn't want to work at most firms. emily: why not? guest: i like people who make things. have to greylock, everyone was valued making products. it is characteristic of david to answer the question like, no, it was everybody else. emily: you did find facebook and linkedin. you convinced reid hoffman to join the firm. how did you do that? how do you do that? john: again, it comes down to -- we believe if you come from product and you have that background, there is an authenticity. most people do not remember, but in 2005, when facebook took the investment the valuation was $500 million. which seemed, to most people -- emily: there were just students on it at the time. john: and not that many. it seemed like an insane valuation. i think many people looked at that and said, dave sze and greylock lost their minds. not just from the outside. partners from the inside said this is insane, not what we do. emily: who

you were the ceo of mozilla. >> i was doing experiments and playing around the edges. emily: why greylock. >> i would not want to work at most firms. emily: why not? >> thought everyone was highly valued in making things and products. questions, you may greylock great. you did find facebook, and you did find linkedin. how did you do that? how do you do that? >> i think he comes down to, if you come from product and you have that background and that network, there is an authenticity. mostly lower number this, but in 2005 when facebook to the investment, the violation was $500 million which seems to most people and insane valuation. many people look at that and said they lost their minds. and not just from the outside, i think people inside greylock said this is insane and this is not we do. we do have partners. i think one of the characteristics of our partnership as we like to disagree. there were some partners that were saying, this is going to ruin the firm. this is a huge mistake. >> to these people still work there? >> some of them do, some of them have retired but

. >> reporter: liz works at mozilla. she gets around on this mobility scooter. she says this sort of thing happens quite often but this time, she had had enough filed a complaint. the hearing at muni was scheduled for 2:00 this afternoon. the driver decided not to walk by the tv cameras to go inside. but he wasn't so shy when he was yelling at liz. >> complain anyway. that's how y'all is, ha ha ha. y'all complaining anyway. alls you do because you shouldn't even be on the bus! >> i in some ways don't want to talk to this person. but in some ways, i'd like to have a conversation and see if we can get through to each other and see where he was coming from and hopefully he can understand that wheelchair users should not be his enemy. >> reporter: liz was eventually able to meet with the driver and what they call an ada hearing. it's still not clear what discipline, if any, the driver faces. what does muni think about all this? we'll have that coming up at 6:00. reporting live i'm joe vazquez, kpix 5. >>> a company known for selling natural products has agreed to pa

emily: john, you were the ceo of mozilla, you started your career as a scientist at apple? john: i guess that mostly means i didn't shift code while i was at apple. [laughter] i was doing experiments and playing around the edges, but yeah. emily: so, why greylock? john: i wouldn't fit in at most firms. i wouldn't want to work at most firms. emily: why not? john: because i like people who make things and at greylock everybody was a good, high-integrity person, but also really valued at making things and products and operating. like david says, you know, and it's characteristic of david to answer the question like "you made greylock," and david is like "no, no, no, it's everybody else." emily: so david, you did find facebook and you did find linkedin, and you convinced reid hoffman to join the firm. how did you do that? how do you do that? david: you know again, i think it really comes down to, um, we believe if you come from product and you have that background and you have that network, there is an authenticity. most people don't remember this, but in 2005, when facebook to

. >> reporter: liz henry works at mozilla. she gets around with this mobility scooter.e says this happens often. but she had enough. and filed a complaint. the hearing was scheduled this afternoon. the driver decided not to walk by the tv cameras to go inside, but he was not so shy yelling at liz. >> you all complain anyway. that's how y'all live. you complain. that's all you do. you shoulden even be on the bus. >> in some ways, i don't want to talk to this person. but in some ways i would like to have a conversation and see if we can get through to each other. hopefully, he can understand that wheelchair users should not be his enemy. >> reporter: liz eventually was able to meet for the driver in an ada hearing. muni says it is still not clear what discipline if any the driver will face. in san francisco, joe vasquez, kpix5. >>> police in san rafael are on the look out for a man who robbed a woman pushing a stroller. it happened on the shoreline path parkway. this is a picture of the man police are looking for. they say he is between 25 and 30 years old with skull tatt

has this do-it-yourself dna that i think is intrensic to understanding the wage age we are in is mozilla that makes a browser called fire fox and i will show you a tool you can use to add to your browser. this thing is called add-ons and one is called lightning that i am particularly fond of. it keeps an eye on who or what attached yourself to a browser without you knowing it. right now this doesn't look like a heck of a lot. okay. what we will do here is try a couple sights. espn -- world wide leader in something or other. let's try c-span and see what happens when we put that on. cspan.org or com? let's say citi bank. that happens to be a bank i know. now we will go back to lightning. there are the things that all of those triangles represent third party trackers that have attached themselves to my browser in the last 90 seconds. so here is "the new york times." and around it somehow facebook got in there. google is in there. i don't know what imr worldwide is. new york times, facebook and there is cspan that is connected to something else which is connected to the times as well so you

ceo of this company that he had helped found and there was a massive storm among some employees at mozilla and outside activists to get him essentially fired or to step down from his position as ceo and he was hounded out. they gave him a choice, with tens of thousands of signatures on the petition, either renounce your views on this issue or get out. and he sort of halve heartedly defended himself out of the gate and then the storm grew louder and louder, and the outrage industry did its thing. there was a fellow executive of his who is gay who came to his defense and said, well, i've worked with him for a long time. we have disagreement on this issue, but it's never impacted his leadership. it's never impacted any sort of conduct. he was never discriminatory, but that wasn't good enough. his behavior was not good enough. >> nothing do with his record or leadership or whether he discriminated. it was about a political view he held that was unpopular with the people who were launching this campaign. and when he was ousted from the position we both went, this is pretty scary and we both hap

finally what tipped us over the edge was this event last year with brandon knight was the ceo of mozilla out in california. turned out he had donated the proposition eight in california which was a statewide basically ban on gay marriage which passed in california in 2008 on the same day president obama carried the state overwhelmingly and very blue state, so he donated to prop eight and usually was elevated to ceo of this company that he had helped found. there was a massive storm among some employees at mozilla and some outside activists to get it essentially fired or just a down from his position as ceo. he was hounded after they gave him a choice with tens of thousands of signatures on the petition, either renounce your views on this issue or get out. he sort of halfheartedly defended himself out of the gate and then the storm grew louder and louder and the average industry did it's thing. it was if the executive of his who is gay who came to his defense and said i have worked with him for a long time. we would discriminate on this issue but it's never impacted his leadership. it's n

the company is investing for long-term growth through partnerships such as those with oracle and mozilla>> both are large search deals that we believe will enhance and stabilize our market share but they obviously run at a lower margin than our organic traffic. as we innovate in search on both mobile and pc, these types of deals are important distribution and marketing vehicles for our search products. they place our enhanced search in front of millions of users and help keep our search marketplace vibrant. >> as for another one of mayer's mavens, her areas of focus, social, she says that the company's exploring what she called innovative yet thoughtful monetization solutions for tumb tumblr, tumblr being one of her billion-dollar acquisitions. mayer says they have seen what she called solid revenue growth with tumblr. and as for the planned alibaba spinoff, the company says all is on schedule for that to happen in q4. and for yahoo! japan yahoo! says they've met with a number of advisers to find a solution there that generates the most shareholder value. the qu & a session is going on n

. >> she is paying oracle and mozilla a lot of money to in that traffic. >> that is h strategic -- atrategic decision. i credit her for being progressive -- aggressive and have them think more. that is what she is doing. it is just what is going on with alibaba. that is probably more topical for a lot of investors today. stephanie: what is left former assistant terms of alibaba? >> they originally talked about the spinoff of alibaba being a tax-free event back in december of last year. more recently, the irs decided they would review this on whether or not this would be a tax-free spinoff. this is a big number. essentially, they could not say much on the call last night because there is really nothing they can say. that means patience is a virtue here. we think ultimately, it will rule in favor of a less taxable event and that should be positive for yahoo! shares. olivia: we looked even down the road, her legacy, will the key be the financial hearing? >> unfortunately, that is probably how it stands today. the stock has gone up a lot under her tenure and a lot of that is how she has

his ideas which were vindicated in his centennial year continue to be the inspiration that mozilla'sng the path that we have chosen. thank you very much. [applause] >> following the ceremony, a raising of the flag at the cuban embassy in washington. . state john kerry and his cuban counterpart held a joint press conference. secretary kerry will travel to carry on -- cuba on august 14 to attend a ceremony to raise the american flag over the u.s. embassy in cuba. he will be the first u.s. secretary of state to visit the island since 1945. secretary kerry: i am pleased to welcome to the embassy [inaudible] i think we had a very constructive conversation. this is the first visit to the department of state by a cuban foreign minister since 1958. and today marks as well the resumption of normal diplomatic ties between our countries and the reopening of our embassies after a rupture that has lasted 54 years. it is an historic day. a day for removing barriers. [speaking spanish] of course this milestone does not signify an end to differences that still separate our governments. but it does r

years however the cost to acquire web traffic jumped sharply as they started paying partners such as mozillacle more money for users. revenue was nearly flat. yahoo! falling nearly 2% in after hours trade. >> let's talk about microsoft. the company reported a record $3.2 billion fourth quarter loss on weaker demand for windows. the company also took a big hit from the stronger u.s. dollar. microsoft took a $7.5 billion charge related to nokia. shares falling 4% in after hours trade at 45.40. from new york is the managing director of software research at fwrif finn securities. what's your verdict on microsoft. >> the quarter turned out as well as expected. three were in line or lighter but the businesses that did better are the ones we think are obviously more porn. the consumer cloud business and corporate cloud business. they are upside in the xbox business but for the long-term it's less interesting to us than the cloud business which was almost 200 million more than we thought. so on the whole when you look at the set up for fiscal 1 we think the important long-term me tricks are moving i

whole thing has been very good at advocating for privacy rights and those sorts of issues issues and mozilla is a company within the industry but can lead -- help push the entry in a better direction. it will take a sustained advocacy campaign and might have start with specific demands about more transparency and data collection and right to delete it and perhaps just focusing on specific types of data. perhaps people start saying we don't want our medical searches being collected. because your search history is incredibly revealing. anytime you're searching for symptoms a number of companies may be monitoring that. so may have to start where like that. >> the last response touches on something i wanted to ask you. if you were to look at an hiv web site, for example pause your son at hiv would your job prospects -- would your medical history reflect that problem? >> well, you raised a good issue, which is that there's this assumption that on the internet that anything you do is relevant to who you are and to what you're interested in. so for me as a journalist, i've looked at terrorist web s