emily: for more reaction, natasha lamb joins us. how much does this hurt? natasha: it hurts a lot.nk facebook was pretty lucky to see the recovery after the cambridge analytica scandal. we have been calling on the company to a knowledge the risk of faces. these are not new problems. what we saw in earnings was really the fallout from what we have seen in terms of corporate governance, platform and if you ,- platform manipulation whether that has been election interference, fake news, and hate speech being propagated over the platform. it is pretty notable that we have now seen twice in one year an over $100 billion loss in shareholder value. that is due to issues that could have been addressed more proactively and earlier on. emily: what did you make of the earnings call or you had mark where you had mark zuckerberg talking about a solid quarter, pumping up instagram, and you had the bombshell from the foj talking about the headwinds and that people are changing their privacy settings and blaming it on gdpr? natasha: it is a good time when there is negative news the pylon all of th

emily: we could go on and on, but natasha lamb, thank you so much.zon shut past all of the faang stocks in market trading. we will give you the latest. this is bloomberg. ♪ ♪ story,back to our top amazon out with better than expected earnings in the second quarter. -- above own target their own target but trailing analyst estimates. the cloud computing division showing movement with revenue, growing year-over-year. the nascent new ad business is showing promise as well and subscription services rose 57%. reality shares is an innovative asset management firm and index provider that has amazon among its biggest holdings. ,lso with this in new york garrett, i know you been listening in on the call. getting some new information about amazon and it seems overall that the company was more efficient across the board and was able to squeeze even more profit from all of its divisions. >> yes, and the profit forecast was quite above expectations and the main reason for that seems versions,third party these are the people who are not in amazon selling products