s>> reporter: tessa lyons product manager of newsfeed integrity. she works with two competing goals in mind: keep the platform free and open to a broad spectrum of ideas and opinions and reduce the spread of misinformaston. why not elete it? >> well, it's an interesting question and i ts nk, look theral tension here. we believe that we're not arbite of truth and the people don't want us to be arbiters of truth. we also belie that censoring d fully removing information unless it violates our community tastandards is not the expon from our community. so we work to reduce the damage that it can do and ensure that when it is seen,t's surrounded by additional context. >> reporter: even though nearly half of all americans get their news from faceok, the company sists it is a technology enterprise--ot in the business of making editorial judgments. so they are outsourcing the work. the most clear-cut problem: content that is demonstrably false. to grapple with that they have t tuo a 23rd-party fact checkers globally, including one of the internet's origina

she is showing m eye movements as a user reads a newsfeed. she's testing to see how easily i recognize visual cues that an article has been fact checked or links are added for context.ew i y it. i think you need a little more there. >> this was our original design that we had tested and learned that a lot of people skipped right over it and never saw the entry point over here. >> well it's not obvious that's a click point, right? >> exactly, yeah. reporter: the eye tracking data helps product designermi jeff sth as he ponders new ways to give users clues about the credibility of information. >> we're in this new space and age where we're trying to desigs for new mech that people those credibility cues that used to be there via the publisher on the supermarket aisle or the newsstand. >> reporter: he's workon a design that more clearly identifi articles that have been debunked, provides context, related articles, and information abouthe publisher. >> i'm trying to give the users as much information as possible in a way that they can easily dige

we need to get period more -- newsfeed. we need to give people more information. the problem is not so much about the individuals who are weighing in on some of this content. it is how we scale this effort in order to go after the full breadth of this challenge and fight it most effectively around the world. emily: and once a piece of news or fake news is flagged, fact checked, put out, what do you do to make sure it doesn't get recycled in other ways and appear elsewhere? tessa: it's a great question. havee one example, if we an article that has been rated as false by one of the fact with,rs that we partner we reduce the spread of that individual article in news feed. but we also use machine learning in order to identify duplicates of those articles or ways in which that same content might be reappearing from other domains or pages. many cases, the bad actors behind this content are not just sharing one example. they are trying to create duplicates in order to further achieve their financial incentives or whatever their objectives might be. what's really importan

the facebook newsfeed product manager, thank you so much for joining us. great to have you on the show. coming up, french president emmanuel macron hosts dozens of tech leaders in paris. this is bloomberg. ♪ emily: ibm has announced it is hiring 1400 employees in france over the next two years. the new positions will focus on ai, blockchain, and cybersecurity. europe has become a draw for tech companies big and small. one of europe's biggest startups spoke to bloomberg during the sooner than you think summit in paris and talked about growth. >> we are in 12 countries, western europe, southern europe, uae, hong kong, singapore, and australia. the u.k. was a great place to start up a business, convince people to work in a dark room without heating in the beginning. people were willing to take a risk on that. we found it pretty straightforward to launch in other european countries as well. france is our second-biggest market, and we've had a lot of success here recruiting a great team. you are about to go meet the president of france, emmanuel macron. what wi

than just idle scrolling through your newsfeed. but google, of course, has the android mobile operating system — the most popular in the world — so it can do a lot to solve this problem. the software will prompt you to take a break if you have disappeared down a youtube binge watch hole for too long. if you are the kind of person who lies awake reading your phone at night — and that's all of us — the wind down mode would automatically set your phone to do not disturb and make it greyscale — something usability experts say will make you less tempted to use your device for as long. and you can set limits to certain apps. when you get hit that limit, the app will be greyed out for the rest of the day. and if you want to show someone that they have your full attention, google has introduced shush mode. you simply take your phone and place it face down on the table, and it will automatically go into do not disturb. but are features like this going to be enough to solve this huge problem? google's assistant will now understand detailed f

emily: that was tessa lyons, facebook newsfeed product manager.oming up, anticipating a game with even more popularity this year. we are talking to e-sports' ceo. this is bloomberg. ♪ emily: sony is set to solidify its position as the largest music publisher in the world when it buys emi publishing for about $2 billion. it comes in the form of a 60% equity stake. the ceo says this will set sony up for years to come. >> this move is a way to intensify our content and ip business. sony and emi combined own the copyrights of 4.4 million songs, . deal, sony becomes one of the largest music publishers in the world. we expect steady income from music publishing, and it will be a key growth area in the long-term. emily: epic games has announced prize money for fortnight. for whathas come out this will look like, but if the previous tournament is a preview of what will come, it will be a serious game changer. opened at the e-sports arena in las vegas. the companys is around the space and others around the world that allow gamers to meet up in what could b

one of facebook's methods for expanding the reach was a development of newsfeed. newsfeed changed facebook yet again, making it into a discussion monitor, determining who is allowed a voice, and who hears what voices on the platform. facebook shifts appear to be the case of a company allowing itself to drift. each step over the years probably made sense by itself, but taken as a whole, it was a change in who the company is. many businesses have gone down this road. when things go too far, competition steps in. i will turn my attention to my last point. new regulations are likely to harm facebook users. there are two reasons. one is that the problems are not business problems that commonly occur so new regulations will not help. the second reason is that new regulations would likely serve to protect facebook and other large internet companies from competition. the european union's new general data protection regulation is a case in point. these regulations are driving tech companies, especially small sen. grassley: thanks to everyone for your testimony. we will go

those who did became subscribers to his page, insuring his content would rise to the t of their newsfeeds had bought thousands of fans at a very low price. >> i felt subsequently that i built my first business, sort of if you want to call it, "on the graves of young children who "ere killed." >> reporter: well, how do you feel about that? >> i don't know how do people feel about thinb that they do ly? i feel bad about it, but i mean we do what we do to pay the morage, right? the strategy massoumi lped pioneer spread like virtual wildfire. by 16, marketers, political operatives and state actors were oll using the same playbo hyped headlines, political propaganda and outright falsehoods. >> they were all in an environment togethera melting pot, if you will. and with a whole set of really powerful skills, when they saw a reality tv star start to run for president and that's pretty funny, that's pretty interesting. and s spectacle.n to create >> reporter: the stage was set for the 2016 presidential election and an unprecedented misinformationampaign waged on several fronts. back in napa, cyru

you tell me when you go to yourte newsfeed for whatever site you go to those big commercials that come up first and friends, second most of the time. are there certain bits of content you can put this out you will reach more people if you pay for it? yes. but that's not net neutrality. the argument has nothing to do with content people it is about the internet service providers. why do i bring this up? here is what has happened. over the past two years, america has been drawn into a fight between two sets of companies google and facebook and netflix are at war with at&t and comcast and all the major internet service providers. content on theon left fighting with the internet service providers that actually provided the fiber to connect content they are fighting over their business in the way the content providers have wordedd it we want the internet to be neutral. h we don't want to have customers pay more for certain content we don't want the isp to charge more based on that. the whole time the content people are charging people they are literally saying we don't want them to do what

when you go to your newsfeed, either the pay commercials, first and your friends come up second? probably most of the time. other certain bits of content to pay me for but you'll reach more people if you will pay for it? yes. but that is not net neutrality. the argument of net neutrality doesn't have anything to do with that. it is a bout the internet service providers. here's what has happened. over the past two years america has been drawn into a fight between two sets of mega companies. google and facebook and netflix are at war with at&t, comcast and all major internet service providers. content folks on the west fighting with internet service providers that provide the content. they are fighting over their business. they said we want the internet to be neutral. we don't want customers to pay more for certain content and we don't want to be charge more for that content. at the same time the content folks are charging people for that. they're arguing saying we don't want them to do what we do every single day. what google and facebook to everyday they fight about net filtering

involving facebook changes to how they handle news sources in user's newsfeed.a company executives from "new york times" to news corp., the parent company of fox news, facebook ceo mark zuckerberg said they will be relying on user surveys to determine which news sources are "broadly trusted." the comments were made following facebook's f8 developer conference at the beginning of the month and this is one of the many changes the social media giant has made in an effort to combat fake news, fake accounts and bots that help amplify and spread fake information. i spoke with facebook earlier today and they assured me that this isn't an effort to censor any ideas or beliefs and at the random sampling of trustworthiness happens frequently to ensure sites are getting a fair shake. the user will be presented with a simple yes or no question, are you familiar with the site? a "yes" answer brings up the next question. too rated for trustworthiness on a scale of 1-5. what about fake accounts boosting the trustworthiness of a not so trustworthy news outlet? facebook just thi

r, not going to get the kind ofth ranking in your newsfeed goinghi forward.t to crackdown on so-called clickbait and news, especially local news. as for paying providers for the news, no deal. cable operators pay to carry channels like fox for their customers, but when asked if facebook will do the same thing, the online giant saying they don't see the need for that. despite the fact they arel renewing focus on local news, it would seem that kind of revenue would breathe new life into local newspapers and news outlets that are struggling to remain relevant and profitable in the age of digital. and tucker, these changes aren't helping us feel any better.pe in this effort to see more news from friends and less news from media sites, it actually puts us in a bad mood because we compare ourselves to our friends and our peers and we see what we are missing out on. think parties and awesome vacations that we are not on. tucker. it's what we all want. we all want to be on the awesome vacation. we don't want to be informed! we want to feel bad! [laughs] >> tucker: ma

because they are apt to be moretrident, they get a lot of engagement, and end up at the top of our newsfeedsing the mile ground. >> i think maybe some of the polarization and they're kind of effects of what we're seeing ars reallythe exposure of groups that, traditionally, without such densely interconnected social media would never come in contact with one other. >> reporter: and everyone has made decisions about what to trust based on t conventional wisdom of a set of friends, our tribe. and we tend to agree with them. neither betty nor gabensay their opinave been swayed on facebook, just hardened. >> do you think that you're going to change any of your beliefs based on the news you read? >> not unless there's tremendous proof that i should change what i believe. and these days, the actual truth is kd of hard to come by. >> i know that no onis going to change my mind about the way i feel and i know i'm not going to change anybody else's mind. >> reporter: thea erm of art is ilter bubble"-- web publisher eli pariser coined the phrase. >> i had this kind oimage of a filter bubble as this kin

is opinion, and so i just go for the true news. >> reporter: but finding what is true in in her newsfeedt so easy. she has been convinced barack obama was born in kenya. >> let him produce the birth w certificathich i hear doesn't exist. >> reporter: and parkland school shooting survivor david hogg is a fraud. so where do these ideas come from? from the filter bubble creates ston facebook by liking a r clicking on a targeted ad that unwittingly makes users followers of a hyperpartisan page. t mix, some misinformation from russia. her grandson helped her find that out by going to a site on facebook for users to see if they have liked any pages linked to russia's internet research agency. >> it shows that on the 6/20/2016 you liked this page, stopa.i, which is a russia facebook page. then on january 8, 2017 you liked army of jesus which is another russian page.ea >>y? >> yeah. let's keep going down. and another one and then on 6/20/2016 you liked one called secured borders. so, these three pages that you liked were pages created by russian intelligence agents to spread disinformation. w tm

there is actually a newsfeed online for bolivarian views.. there you can see it. there was a tweet that stood out for me which gives you the bolivarian message directly. in a totally legitimate election free of fraud, without the slightest hint of vote rigging, commendante nicholas maduro has won and will continue the revolution. that is the message from caracas , from madero. let's go to ecuador, or there is a -- where there is a cartoon in "el universo," with maduro pouring the blood of the venezuelan people into the ballot box. you see people on the ground, being bled dry. genie: what have papers been saying outside south america? nick: i looked at "the miami herald." it is asking, can venezuela survive another maduro victory? it argues we are concentrating on the opposition being fractured, but it's point is, maybe there could be internal struggles which will change things in the coming months or so. says, ispresident, it eyeing a place in the presidential palace. so internal power struggles could be the pitch form of euro. -- for maduro. it is funny at the go

facebook is talk lately about time well spent rather than just idle scrolling through your newsfeed, it can do a lot to solve the problem. the softwa re a lot to solve the problem. the software will prompt you to take a break if you have disappeared down a youtube binge watch holes are too long. if you are the kind of person who lies awake watching your phone at night, and that is all of us, the wind down mode would set your phone to do not disturb and make it g reysca le , to do not disturb and make it greyscale, something usability experts they will make you less tempted to use your device for as long. and you can set limits to certain apps, when you get the limit, the app will be unavailable for the rest of the day. google has introduced shush mode, you place your phone face down and it goes into do not disturb. but while the solve the huge problem? google's system will understand et al follow up system will understand et al follow up questions, removing the need to save hey, google each time you have a command. when is the next game? the warrior‘s next game is today... google map

about the way that its algorithms function when it comes to the displaying of contents in our social newsfeeds. it's also a highly profitable company raking in something told billion dollars in revenue i believe last year and so with the sort of massive amounts of money that it's raking in through its ad sales. you know the question is what is the the social impacts we've seen through the u.s. elections and that the sort of realities that are that are formulating through kind of personalized and customized content. really had the ability to shape society and so regulation and really to this point that facebook has been able to avoid regulation of the u.s. by claiming it that's not a media company that it's a technology company and so i think with the jeep you're going into effect this week it will be interesting to see exactly how facebook is able to. kind of told us line between these these this new over to regulation and really kind of what it wants to do as far as corporate expansion your firm to new data protection measures are coming into effect this week in europe you know there's a lot

and they make their way into facebook its newsfeed and were shared millions more times.e lawmakers believe the russians might be at it and facebook released a statement reading this can never be a solved problem because we are against well-funded adversaries but we are making steady progress and facebook has implemented a number of adversary -- oversight measures. finance were dead giveaways bought by rubles and used for english, a pro black lives matter, your life mattered, my life mattered, black matters. remember in february robert mueller indicted 13 russian nationals and three russian companies for waging an information war in the us and interfering with the 2016 election lose the indictments made big headlines but conventional wisdom was none of the russians would show up in court. here comes concorde management and consulting, a russian firm controlled by a man called pruden's chef for his close relationship to the russian president, concorde hired a lot firm to fight back and not only had us lawyers pleaded not guilty on behalf of their clients but also requested

these are two existential threats missing from the newsfeed. do think the media is completely unprepared to report trump's successes. they don't have it in their toolbox. you have two major things missing and you don't know what to report, so you focus on pornography and your focus on collusion. collusion which is falling apart and has been falling apart. now it's going to become about obstruction. they don't have it in their toolkit so they are left doing this. what's the end result? i don't know what they want. if you impeach a president in the middle of some really historic achievements, history will not be kind to you. the voters will not be kind to you. no one will be kind to you. >> kimberly: interesting. you are saying the media has got a very empty box. snap-on tools. snap off media. snap-on bias. >> greg: snapping turtles. >> jesse: they don't care if he fails. i think they are more worried about him succeeding, because when trump succeeds, it shows a nonpolitician can come in and rewrite the game. i am terrified of these questions, ki

americans get their news from social media, algorithms design our newsfeed and tail -- and taylor to what we want to hear. it's making life very difficult. that's a big challenge. is,long and short of it nancy pelosi is going to be our speaker. i think she is the best. i support her. second,king for a close you have a hard time finding a close second for someone with her capabilities. >> jim clyburn will be with us today. i'll ask about the article. last question. you've got a crazy schedule. we appreciate you making time to be here. who is your favorite republican in the house and why? >> my favorite republican in the house. looking for -- >> looking for a bright spot. >> cold. i think he is as smart as they come. both strong on policy and politics. ability. his i think if there were more in congress like him, we would be far more productive to get things done. it would be a far less partisan place. list.ld be on my there are quite a lot of others that i really enjoy working with, had a great working relationship with. i could happily give you a much longer list. >> but we don't hav

are now, by virtue of most americans getting their news from social media, algorithms designed our newsfeed and make it to the news we want to hear. that has open eyes dust and made -- that has polarized us and made our life difficult. is, ifg and short of it nancy pelosi is going to be our speaker, i think she is the best our caucus has, and looking for a close second, you will have a hard time finding a close second to some of her capabilities. whoou mentioned jim clyburn will be with us earlier. last question. we appreciate you making time to be here. 15 seconds. who is your favorite republican in the house and why? [laughter] >> my favorite republican in the house. >> looking for a bright spot. >> tom cold. i think he is as smart as they come. the think he is both strong on policy and politics. i admired his ability. i think if there were more in congress like him, we would be far more productive to get things done. it would be a far less partisan place. he would be on my list. there are quite a lot of others that i really enjoy working with, had a great working relationship with. i cou

now by virtue the fact most americans get their news by social media algorithms designed our newsfeed. that is polarized as an vulcanized as an made our life i think very difficult. that's a big problem, but long and short of it is i think nancy pelosi is going to be our speaker. i fully support her in that because i think she's the best our caucus has, and even looking for a close second you would have a hard time finding a close second to someone with her capabilities. >> you mention jim clyburn. he will be with us later today. i'll ask him about that article. it sounds fascinating. last question, superfast. you have a hard stop, a crazy schedule. we really appreciate you making time to be with us today. 15 seconds, who is your favorite republican in-house and why? >> my favorite republican in the house. well look speedy looking for a bright spot. >> i have always thought the word of tom cole. i think he's as smart as they come. i think he is both strong in policy and strong on politics, and i admire his ability. i think if there were a lot more in congress like him, we would be far

point that you will not have any of the and permission from your dating experience shared on the newsfeedgs coming out and often the challenge for instagram that has presented. what is expectations as far as snap is concerned and what can i say about the redesign of the overall performance of what they provide now? is certainlygn going to be the thing that is moving snap, whatever way it moves. it is something that i advertise or have been concerned about. today, facebook's announcement did not make it look any better. ported 50 million people use a version of snap stories on whatsapp. facebookrent properties are really building out something that snap invented and taking charge of it. julia: ouch. that is eye-opening. another moment. we will hear from stephen from golden tree. this is bloomberg. ♪ ♪ this is bloomberg markets. belkinarlet fu at the institute global conference in beverly hills, california. stephenwn with the tananbaum.teven take a listen. cycle,overall economic this is the second largest expansion of nine years. we are one year away from being the largest expansion. it is

an article from "the wall street journal" popped up in our newsfeeds and hotels are starting to get ridot a lot of money it's going to save but also about plastic. but some travelers aren't happy with it. do you guys -- how do you feel about it? are you upset about it or understand it's better for the environment because there's 5 billion bottles a year that have to be produced for hotel rooms. >> that ends the conversation as far as i'm concerned. i'm surprised -- i always assumed the companies gave them it for free for promotion? that's a lot of freeness, george. [ laughter ] i'm just saying. >> that is a lot. a lot of hotels. [ applause ] >> i mean, what about you? are you a little upset? are you understand -- >> i didn't realize the number. when you said that and think about all the plastic, so they'll put it in the dispensers and not only is it more economical but a little more sanitary, as well inth a little more sanitary in the dispensers. how many have you been in there even with no hair you get the shampoo or conditioner and you're like, there's not enough. now you have the big

is the actual newsfeed of the famed bloomberg headline. this is john deere, doing a nice beat.numbers that we see and then we go in and do bloomberg first word, and down there somewhere is a press release. there you see the real world of how we make the sausage, on a friday here at bloomberg. francine lacqua in london, tom keene in new york. barry eichengreen is coming up soon. stay with us. this is bloomberg. ♪ ♪ this is "bloomberg surveillance." let's get the bloomberg business flash. major changes on the way in fiat chrysler factories in italy. they will unveil a plan to have budget models two in favor of more upscale cars. barclays as a great to buy a portion of irish residential mortgage portfolios from lloyds. lloyds as steadily reduced its presence in ireland after it was left with bad loans following the financial crisis. that was a bloomberg business flash. francine: now to italy, where the five-star leader says his party has reached an agreement to form a government with my tail sell beanie -- with the league. the next government needs to work to build global partners

we will continue to keep an eye on that, there's a newsfeed coming out of the palace.for about four months after saudi arabia and russia discuss reviving output. you are trying to ease. pricesr anxiety after jumped to levels last seen in 2014. tomorrow -- we now have our next got a from riyadh, john fanatic is. how difficult will the opec vietnam?n june be in there was a lot of tension with some of the other smaller opec countries, -- be in vienna? john: well, unfortunately, they deal be set up, but the helped oil prices go all the way to $80, and we did have this effect where a lot of the surplus oil was taken out. the small countries need to allow for the bigger ones like saudi arabia, to take the lead. i think that they will have a contentious meeting in june, but i think there will be an agreement. i don't think anybody wants to see oil at $50 a barrel, they could say they wanted at $60 a barrel, which reflects on iran's position. i don't think the saudis. want oil at $60 a barrel, i ,hink they wanted at 70 -ish which is good for the saudi economy. i think there wi