emily: that was gopro ceo nick woodman speaking with selina wang.eantime, tech firms big and small are flocking to las vegas for the consumer electronics show. driverless and electric cars are dominating with uber and volkswagen's showcasing the wonders of ai. all eyes will be on the ceo who will give a speech. alistair barr is with us. what are we expecting him to say about this incredibly pervasive chip law? it affects basically every device that we are all using. alistair: i don't think he was planning on doing it a couple of weeks ago even though intel have known about this for several months. what i think he has to say is -- he will have to make all of his major customers -- microsoft to google -- he will have to make it very clear that when they put these patches in place, the performance of a personal computer or server or phone will not slow down. there has been a lot of debate about whether these fixes will really slow machines down. if he comes down and says his support for my argument will not slow everything down, that will be good. he m

shares take a big hit, nick woodman sat down witush last hour and you'll hear what he has to say whenuawk alley" comes right back >>> welcome back to "squawk alley. ahead of ces i want to bring in a special guest here at one market, amd ceo lisa su. lisa, thanks for being with us a number of subjects i want to hit. you have new product you've announced, continuing from 2017, but first let's talk security, because it's been a big story. it's been moving amd stock up, it's been moving intel stock down how much of an impact have you seen and do you expect from this controversy over security problems with high performance chips, one of which it seems kind of affects amd to a degree and more of which seem to be affecting intel? >> first, john, thanks for having me. it's a very exciting week for us as we start ces in the technology industry, and absolutely let's talk about the security topic you know, i think security is one of those things as, you know, a tech company ceo, this is job one for us. think about it as in the automotive industry safety is job one. when you have high performance

emily: that was gopro ceo nick woodman speaking with selina wang., as a longtime netflix executive, she pushed forward the thinking that employees are adults and deserve freedom. and somehow, it worked. we talk with patty mccord, next. and a reminder, all episodes of "bloomberg technology" are live streaming on twitter. you can check us out at technology on weekdays 5:00 p.m. , in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪ emily: welcome back to "the best of bloomberg technology," i'm emily chang. during her 14 year tenure at netflix, patty mccord helped to define the modern workplace. there, she was one of the authors of the now-famous 124-page missive called "netflix culture: freedom and responsibility" that has been viewed 15 million times. but as we all know, silicon valley has not always been the picture-perfect image of maturity. patty mccord just published a new book this week and joined us from new york. patty: we didn't just assume that we would have a great culture that would stick around and be the same forever. we realize

restructuring plans, weak q4 guidance we'll send it out to josh lipton out west with the ceo of gopro, nick woodmancarl. nick, thank you for joining us we appreciate it >> thanks for having me. >> a tough report this morning you see the stock is nose-diving. investors reacting big restructuring, significant layoffs. whole business lines are getting killed off you're getting out of the drone business a miss on that all-important holiday quarter. walk me through, nick, just what went wrong here. >> well, let's start with what went right the launch of our hero 6 black camera, our new flagship, went extremely well and as planned and hero 6 black was selling to forecast so we're really happy with its sell through the problem was more in our one-year-old legacy product hero 5 black, and as we shared on our earnings call back in november, hero 5 black was soft in terms of sell through. and we were hoping that marketing programs and promotions we had planned for it would lift sell through, but it didn't and as a result, we missed the fourth quarter because that hero 5 black was a very important product for

we speak with ceo nick woodman after the company cuts its forecast and slashes jobs.

oflier, we had selena wong bloomberg technology catching up with ceo nick woodman. nick: i can confirm jpmorgan --nick: i can confirm jpmorgan is our banker but we have not engaged them to help us sell the company. there were an, if opportunity for gopro to partner up with a larger organization that can help us scale our company, brand, and reached a consumers, that is something we would consider. it is not of the we are actively engaged in at the moment. do you think you will want to actively engage in this? other catalysts -- are there catalysts you see coming? have people reached out? nick: would we engage in something like this?this is something we explore from time to time , as it is our job to grow the business and the most strategic way possible, and that definitely is one way to do it. ,t is not a new topic echo pro but i cannot share any more information than that. selena: you're the founder of the company. from herperspective, how are you evaluating the different options that hands ? this is not a new topic. is there something that is changing now? nick: th

which has been experiencing weaker demand said it was exiting the drone business, cutting ceo nick woodman'salary to a dollar. earlier woodman said a potential merger would not be out of the question. >> if there are opportunities for us to scale awareness of gopro globally by being part of a bigger company that's something we would entertain. we need to run the business as though we are going to be independent. we are planning accordingly and looking forward to benefitting from the improved sell-through we are seeing on the products at new pricing. we are looking forward to profitabilit in the second half of 2018. >> gopro shares plunged nearly 13% to $6.56. >>> the restaurant and gaming change dave & buster's slashed the full year profit and sales outlook after reporting a drop in same store receipts during the holiday period saying weak foot traffic at the beginning of the quarter never picked up steam. despite the disappointing guidance they said the new stores are performing well. sales cratered 22%. they finished at 43.79. same store sales at kohl's rose visited. as more they expect th

we speak with ceo nick woodman after the company cuts its

cnbc's josh lipton spoke with gopro's ceo nick woodman earlier today. he joins us now.i don't know in they're highlights, you're going to give us some of what he said, yes >> bill, gopro, listen, as you pointed out, having a very volatile day it hit an all-time low it's expecting revenue for the all-important holiday quarter of only about $340 million, bill. remember, the company had previously guided for about $470 million. it's also killing off an entire product category as you mentioned. its drone business laying off a lot of employees, too. it's going from more than 1,250 to fewer than 1,000. does it make sense for gopro to remain an independent company at this point cnbc's alex sherman reporting that the company hired jp morgan some months back to help seek a potential sale, though gopro is not in any active talks with a buyer. gopro declining comment. ceo nick woodman on cnbc this morning stating that his company would consider a partnership with another company, though it plans to remain indenpendent, h said. >> if there's opportunities for us to unite with a big

ceo nick woodman said gopro would consider partnering with a larger organization to help scale up.up, another official looks at siding with and the latest from the fed. this is bloomberg. ♪ tuesday in0 a.m. hong kong. looking pretty dreary. it is called. that's it is cold -- it is called. betty: 6:30 p.m. monday in new york, where markets closed mixed, pretty much it we did see the s&p hitting yet another record. beautiful new york city skyline despite the freezing temperatures. i am betty liu in new york. yvonne: i am yvonne man in hong kong. you are watching daybreak asia. first word news with jessica summers. >> north korean and south korean officials are due to open a high-level meeting, the first in two years. they will focus on the north's participation at the winter olympics in south korea. tois seen as the best chance revive negotiations on the north's nuclear program. of saudi arabia's biggest dairy company are said to be among a group of 11 princes detained last week. they were arrested for what a story said was an unlawful protest over the government's decision to stop p

vonnie: nick woodman, the ceo of gopro, by the way, is coming up on "bloomberg markets" at 2:30 easterny: the electronic show in las vegas is kicking off. from sans now francisco to preview what is to technology'sberg alistair barr. what should we be looking out for in this event? cars, bothars, cars, electric vehicles and autonomous vehicles as well. one example before the event started on sunday, a partnership with the mouse with vw and with uber. get is the way the classics integrated into more modern things. has always been about hardware and chips and things like that, and a lot of those chips from companies like nvidia and intel are going to go into ai and other related robotics. the best example of that is going to be self driving cars. what fun things can we look forward to, alastair? with seen headphones, other things that a wild and crazy things. alastair: probably the most futuristic stuff will be in the ai realm. a couple of years ago, virtual reality was the really hot topic at cs, and that has not really panned out into an everyday tech product that lots of people use. the

afternoon,e nick woodman, the ceo of gopro, will be interviewed.orean officials are set for the first high-level meeting in more than two years. what to expect. that is next, and this is bloomberg. ♪ bloomberg. ♪ shery: this is "bloomberg markets: balance of power, i am shery ahn. "david: i am david westin. caterpillar shares are rising upgradeder jpmorgan the stock. they say the tax reform will help with shares. joining us is taylor riggs. taylor: another thing analysts were shareholders are thinking. when we think about caterpillar, one of the reasons jpmorgan itraded the stock was how can extend the business cycle and extend the free cash flow. beencash flows have not doing well recently, but this year, amid the forecast for 2018, it will really boost that. you can see it is going from $3.9 billion again to $4.8 billion. so it is really good. we are also, when you look at the different segments, they upgraded the stock to $200 a share from $144 a share, in because of their resource business. they say that right now it makes up about 15% of the c

and that's after stuff that occurred where the ceo nick woodman suggested that they may be for sale andaid they hired jpmorgan. here's what we got, from sources close to gopro, what they're telling us is that they're getting cold feet over a possible sale. that doesn't mean it won't happen. at least right now, no sale is imminent of the company. here's what's going on. jpmorgan has been advising gopro for the last couple of weeks. they're their longtime investment banker, but the advice to figure out the strategic future of gopro began a couple of weeks ago around the times when they decided to do the layoffs. in the context of that strategic review that jpmorgan is doing with the gopro executives, they're looking at two possible financeings. one to bring in capital to get some other investors, maybe grow the business in other areas, and also a complete sale of the company is clearly on the table. the one thing i've been told by everybody is there were news reports that were getting ahead of the sale it's coming down the pike, it's not imminent, they could sell it tomorrow, the guidance

founder and ceo nick woodman will reduce his cash compensation to $1 for 2018.s newest premium adventure camera, the hero6 black, by $100. two big shareholders in apple are pressuring the company to carry out research into whether iphones are bad for children. jana partners and calstrs wrote an open letter to apple citing a growing body of research showing that kids who use smartphones too much may become more depressed and even suicidal. the two control about $2 billion in apple shares between them. it's highly unusual for activist investors to pressure a firm about social responsibility rather than corporate issues. the letter cited research showing that american teens on average receive their first phone at age 10 and spend more than 4 1/2 hours a day using it, not including texts and calls. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. ( will )(ááá2 shotááá) california is pulling ads aimed at discouraging driving high... after critics say they actually ápromotedá marijuana use

actually run a full process or if they're still in fact running a process it did son like that nick woodmanhen he said, look, we would consider partnering up or affecting an acquire, but i prefer to stay independent, maybe that means they have already put out some feelers and have come up umphanded or at least not come up with a deal. >> any words from analysts i would imagine those reports will be happen later today. you have the ceo of the company acknowledging publicly that he would be open to a sale. >> i elects, thank you very much michelle, you pressed him on this topic, you said basically i liked your question, do you regret going public? >> they had the response that made news. >> i thought his answer was good, but he was like, look, we have a higher profile. we're getting punished for a reason, we deserve it. >> you should punished, and he said, well -- he admitted the market was right >> go pro reminds me of blackberry single product, 96 a share to what is it now 4? >>> moving on here, preliminary ratings in from the golden globes, the total audience down about a million viewers f

see you at the top of the hour coming up on squawk alley, don't miss an exclusive interview to nick woodmanone when i was zip lining and -- and i'll never ever -- shares of go pro falling this morning after an analyst downgrade that interview at 11:00 a.m., my manhood is left -- left in coast at a re costa rica ♪ dad! dad!!! can you drive me to jessica's house? uuughhh! ♪ this is what our version of financial planning looks like. tomorrow is important, but so is making the most of the house before they're out of the house. spend you life living. find an advisor at northwesternmutual.com. i thyou never got the brakes looked at?l... oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies see it- and see it through-with digital. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's

vonnie: is this ultimately a nicholas woodman problem? cory: nick is a really nice guy.er management of the company. vonnie: the ceo is the person responsible. cory: he tells a really great story and he is into the astec as well -- he is enthusiastic as well. maybe an actual problem with the business. they have yet to show the answer , can they sell this thing out a profit over the long haul? they have not been able to do that. mark: quick question on bit coin. what's going on? demand from asia? what is the latest worry? cory: this is a speculative volatility story when you look at the day-to-day pricing on this thing. the story will be written with utility. it might be written with bit coin, with ripple xrt, but fundamentally this is not about the fundamental value. about someone who's willing to pay more for it. volatility has been extreme. volatility has been more extreme after the futures conflict which one would have thought would have reduced about vol but it ht happened yet. vonnie: when the regulators get involved, surely it is not crypto currency anymore. the wh