the deal values mulesoft at 45 bucks per share.t makes applications that allow companies to automatically integrate software, devices, all of their data across all networks to run faster the stock is up 5% right now, it was up huge yesterday on some initial rumors >>> it's official, amazon has now passed alphabet to become the world's second most valuable company. it trails apple. amazon has a market cap of 768 billion. as of yesterday's close. apple's market cap is 889 billion. amazon has added roughly 350 billion in value over the past year as it has expanded into new markets such as brick-and-mortar grocery store businesses. >>> travis kalanick is back. the former uber ceo is the chief executive of a small real estate startup called city storage systems. kalanick took to twitter saying his investment fund ten-one hundred is buying a controlling interest in the startup for 1$10 million. we'll see if this is the next chapter that gets him away from the uber spotlight >>> khosla ventures is raising up to 1.4 billion for funds. we'r

they sold .711 shares of common stock for each mulesoft share.ntinue our coverage of the fallout from the misuse of facebook data. there are reports of what data cambridge analytica hat and how it was used continue to pour in. our next guest is someone with a insider perspective of how facebook operates and just published an article for wired and calls into question the effectiveness of something called psychographic targeting. antonio, wonderful to have you on the show. we had some bragging coming from the now suspended ceo of cambridge analytica saying we did all the research and all the data and all the analytics and targeting. where does this leave facebook data? in the techa saying world, just because it does not work does not mean you cannot sell it to read i don't quite buy it. the reality of psychographics has been used for a while and it is a decades old practice. in this case it is more quantitative. remember, what they did it build a facebook app, they built a model based on responses to that app. in at the end of the day you still hav

emily: now, this announcement that you have agreed to buy mulesoft, it seems to be a desire to stretch's core customer relationship management tools. bret: if you think about what it means to transform a company that has -- that was not born in the digital era, this digital transformation, we fundamentally think it starts and ends with the company, even if that means transforming a bunch of your legacy systems. and the reason why we are so interested in mulesoft and this concept for integrating all of the legacy systems, is it unlocks the data from legacy systems to enable people to participate in all these amazing new experiences we are seeing on our phones and watches and customer service experiences that are really transforming business today. so, i think mulesoft's platform because it allows to turbocharge, and they can transform their customer experiences faster, which is our mission. emily: now, salesforce has been very inquisitive, including buying your own company. the deal chatter around twitter does not seem to stop. you are intimately familiar with twitter. you are on the bo

they announced a bear $3.65 billion deal with mulesoft.ike to welcome bret taylor, who has also served as facebook's chief technology officer. it's great to have you back. i believe this is the first time your joining us on television since you sold quip to salesforce. i'm curious, after having worked so many years in consumer technology at facebook, google, with quip, what has the transition to the enterprise been like for you? bret: it's been really amazing for me, actually. you look at the landscape of technology right now. i think it's changing more rapidly today than it has in generations. they call it the fourth industrial revolution, but it is not just one change. it is artificial intelligence, the internet of things, mobility, the smart watch, amazon alexa. for a company like a google or facebook, where i was previously, we have building -- buildings full of engineers to grapple with those changes. if you are a 100-year-old insurance company or health care company trying to figure out, how do i provide a customer experience in the

we've got some big ones cueing up we have big m & a with mulesoft and others i think the trend line thatccent wait around the ipo sz the cloud you look at dropbox when is cloud based storage. and luke at spotify where our former cfo at netflix is now coo, that's a subscription based business for entertainment we know how those businesses work i think the whole trend of the cloud going public is the big thing that we're seeing here in 2018 i think it's truly a big deal. this isn't one of the little tiny waves of activity this could go on for a few years. >> okay. paul, thank you very much for your insights. paul holland markets, the dow down more than 400 points now we've got two pieces of breaking news from washington that might be contributing to this selloff. zblfr there's been some upheavel on the president's legal team. "the new york times" and "the washington post" both reporting that john dowd who was leading the white house and the president's response to the special counsel investigation into russia has resigned this comes just a few days after the president added joe digenova to

caroline: an update on the salesforce deal to buy mulesoft.ny has also raised its 2022 sales goal to $22 billion because of the purchase. will stay on the headlines. this is bloomberg. ♪ caroline: some breaking news uber, the investigation will address operating concerns with the car surrounding the tragic events of a uber autonomous vehicle striking a woman and conquer. the investigation will address driver interaction says is the national transportation bureau and they say they have had investigators and tempe on tuesday collecting information. will have more on that story later. meanwhile, the london-based venture capitalist firm has a fund to help young companies in europe and israel grow. the intention of the fund is to make average investments as much as $30 million in areas such as enterprise software. they are in the tired investment -- and joining us now is a managing partner was been with the company for 18 years, congratulations on the new fund. you have bigger checks to write. what is the sweet spot? >> we are very excited and we t

irs shall have mulesoft surging after hours.es force officially announced it is acquiring the company for $6.5 billion spotify amending its prospectus ahead of a public offering says shareholders plan to register 56 million shares for sale it's going direct with no underwriters it's not going the issue new shares but there will be plenty on the market. >> there will be liquidity to take advantage of. we will see if the buyers scoop it up. >> that does it for the "closing bell." "fast money" begins right now. >> "fast money" starts right now. live from the nasdaq market is site overlooking new york city's times fair tim seymour, guy adami and dan nathan tonight, facebook heading for its worst week since 2014 as it continues to come under fire the company saying it is outraged what is next for the social media giant and what it may mean more the mark. tom lee says forget the off coins. bitcoin is still your best bet first we start off with the fed's moment of truth, jerome

now let's get over to dom who has a market flash >> enterprise software, jon, we're talking about mulesoft it is up 22% reopening after a trading halt on the heels of a reuters news report citing sources saying that sales force.com is in talks to purchase mulesoft. that's according to people familiar with the matter those particular headlines driving those shares up pretty big right now. so we'll keep an eye on morgan on those shares. but a big move higher in thenlt prize software space back to you. >> dom, thank you. >>> time for a news update let's get to sue herrera back at hq. >> good morning. good morning, everyone >>> here's what's happening at this hour. united is suspending the shipment of pets in airplane cargo holds. the company is studying improvements following the death of a puppy in an overhead bin and mistakes in handling other dogs last week >>> orbitz says they identified and fixed a data breach. names, birth dates, addresses and credit card details were likely accessed. the current orbitz.com web silt was not involved >>> fedex announcing they'll open 500 more stores insi

and then salesforce.com is buying mulesoft.tock had popped during the day yesterday on reports that a deal was near, but you can see this morning mulesoft up another 4% salesforce down by 2.5%. >>> the founders of nordstrom have ended talks about a possible deal. the discussions had been aimed about taking nordstrom private but the two sides couldn't agree on an acceptable price. >> breaking news, the suspect in this month's series of bomb attacks in austin, texas, is dead according to police chief brian manley he blew himself up with an explosive device followed by a confrontation with law enforcement officials. manley says officials believe the suspect is responsible for all of the recent incidents which killed two people and injured four others. the suspect has not been identified yet publicly. you always see a lot of things i'm not sure it's confirmed 24-year-old individual hopefully solely responsible for what happened that i guess at this point -- >> it's been three weeks for that city being terrorized. >> solely responsi

. >>> the clout computing compa sales force said it agreed to by mulesoft for $6.5 lbillion. sales for u shares finishe a tick to $125.12. shares of mulest took off. they rose 27% to $42 even. >>> and the children's clothing retailer the children's placed top profit expectations and increased dividend to 50 cents a share. and total sales revenue also grew. both were softer than expected. the shares fl 8% to $127.95 defense contractor general dynamics sweetened its offer to buy csra. all in an attempt to fenff the off by caci international. the off is $7 billion. it is still lower than caci's shares of general dynamics, csr and caci were alligher on the day. >>> investors had their first chance the act to arena pharmaceutical's upbeat drug study results released after the bell last night. the drug maker said its treatment for colitis performed signature conditionally better than the placebo wtsh fewer patixperiencing side effects. the company plans to move forward with additional tests. the shares jumped 29% to h$39.. >> i been a staple in many portfolios for delddes. you cou

if you recall, sales force bought mulesoft this week for $6.5 million investors think buying drop boxtcome although my sources the me a takeover by sales force or anyone else is unlikely to happen any time season also note, drop box's comp, box, has actually -- >> market lays. >> i don't know. it's going to need to be a proper light house i don't think with the market here -- i bet they would have loved to have done this a couple weeks ago. i hear 9% free flow. and low liquidity. there is going to be an $800 million of stock out there the company was valued at $10 billion four years ago they waited and waited i don't think it is a great market environment we have had the discussion about some platforms that need the -- why crypto is also a threat to these guys decentralizing, why do you need drop box i think it's going to be tough. >> it's about the float. you are doing the see a pop. it doesn't really matter what the market does tomorrow on the macro, when you have that low liquidity to tim's point you are going to see a pop when you look at the koch, box, that popped but a couple of

we have breaking news on salesforce, it is buying mulesoft for $6.5 billion. $36 in cash and a fraction share will be about $44.89, a 36 premium -- 36% premium over the last close. julia: that would be the biggest deal they have ever done. interesting deal for them. right now, the price down .2% in after-hours trade. scarlet: "what'd you miss" -- president trump welcoming saudi arabia's crown prince mohammed bin salman, applauding him as a big purchaser of american armaments and a friend of the u.s. >> the relationship was, to put it mildly, very strained during the obama administration, and the relationship now is probably as good as it has really ever been, and i think we will probably only get better. tremendous investments made in our country, and that means jobs for our workers, jobs for our people. scarlet: for more perspective, we are joined by robert jordan, former u.s. ambassador to saudi arabia and current adjunct professor at southern methodist university. thank you so much for joining us. i want to get your success of what would -- your idea of what would define success for

. >>> mean time shares of mulesoft, there are reports that salesforce is in talks to invest in it. and amazon has reportedly looked at the possibility of expanding the retail footprint by snapping up some locations from the bankrupt toys "r" us chain. julia boorstin is looking at how facebook is handling the --, d.c. and the uk coming after facebook lastly bob pisani on the markets. are they being de-fanged as a result julia we start with you. it's my understandings that ceo mark zuckerberg is not expected to -- >> facebook shares droppings another 5% today is it does not have an indication of a formal probe the ftc says cannot comments on whether we are investigating. wall street is evaluating the fallout. a lot of analysts maintains buyers saying they don't expect significant impact george fang sis the biggest impact would be -- to gather and deploy data. jpmorgan says it's critical for facebook and large tech overall to proactively -- rather than regulatory bodies. tyler, back over to you. >> julia, thank you. whether users will abandon facebook over this issue remains to be see