airbnb's global head of markets management, nick shapiro.is incorporating ai into video chat, next. check us out on the radio. you can now listen to us on the radio app. this is bloomberg. ♪ >> facebook came out with numbers on instagram this week. it's young users spend an average of 30 minutes a day on the app instagram is crediting much of the growth and engagement to its story feature which was launched a year ago in answer to snapchat. it now has 250 million daily users. facebook is said to be developing a video chat device for the home. it would mark the first major hardware product. it could be announced next spring. this will be basically, video chat, facetime as you know it on steroids. it will be a big screen the size of a laptop on a stick in your living room that will have a really high end camera that will allow you to talk to people as if it is a more immersive experience. one of mark zuckerberg's goals for the future is to bring people closer together. they want to come up with technology that would prevent us from having to b

emily: nick shapiro, thanks so much for stopping by., the samsung bribery case, a billionaire vice-chairman at the center of the case takes it the stand -- take the stand for the first time. ♪ emily: elon musk on the earnings call right now, telling svestors that both the model and x vehicles increased after the release of the more affordable model 3. we will continue to monitor the call. he just said tesla is getting 1800 orders a day for the model 3, even though he says, "we don't promote it." jadeamsung bribery case -- lee took the stand today for the first time. allegations that he bribed a friend of south korea's former president to secure her support for a key merger in 2014. joining me, peter ahlstrom. what did he say? peter: this has been long-awaited. lee has been in detention since february. he denied that these gifts that samsung made to the friend of president park had anything to .o with the merger samsung doesn't say that they gave a variety of gifts to this friend to promote equestrian sports in the country, including abo

we spoke with nick shapiro. is a crisis of this trust right now. -- this trust right now. people are trusting less in institutions and trusting in each other more. and airbnb was designed specifically to build that trust. we went back and looked through how we can leverage that new phenomenon and that is when we started to come up with that hierarchy of needs and, we need to facilitate that trust. emily: so, what does that make? you are using technology to facilitate it. nick: yeah, absolutely. first and foremost, people need to know they will be safe. they need to feel safe. we do a number of things to use technology to do that. we risk assess each reservation. we run global watchlist checks. against him of our users worldwide and we background check hosts and guests in the u.s. just being safe is not enough. we use technology to build connections. there are detailed profiles. there is a messaging system where you can learn more about each other and there are reviews to look at previous history. that, people nee