apparently not and then there's pinterest which has been taking a lot of heat on diversity.st a chief operating officer, a woman who said she was not well treated there and they've been trying to make some moves to shift the culture, right? >> yeah. look, pinterest has taken a lot of heat not just about lack of gender diversity but a culture bad for women and people of color. they were criticized by two black women for how they handled culture issues last year and they just put out a new report saying they're going to have a target of increasing the number of women and people of color not just at the company but specifically in leadership roles. they set some targets there. it's interesting, jon, to think about the fact that this is a platform in the u.s. especially, its user base is largely women the fact that they don't have more women in leadership is shocking if you think about how valuable it would be to have management and an employee base that reflects the people that they want to serve with their platform, both in terms of gender and in terms of racial and ethnic div

interested >> we are sticking with pinterest. the engagement has held solidly. losing a couple of million people looking at the platform but not kfocusing on the shoppig sections of the platform, i don't think is significant we believe it will grow at a solid rate >> i could keep this going for quite some time. thank you for being here today we would love to continue the conversation >> thank you for having me on. >>> coming up, as crypto sells off, gold is hitting its highest level in more than four months before we go, let's take a look at square space. today's ipo just opened for trading. it's slightly in the red the reference price was $50 a share. we're down into about the 49 and change area. we'll keep a close eye on spsq stay with us plap do you struggle with occasional nerve aches, weakness or discomfort in your hands or feet? introducing nervive nerve relief from the world's number 1 selling nerve care company. as we age, natural changes to our nerves occur which can lead to occasional discomfort. nervive contains b comp

pinterest has 478 million monthly users. and twitter hasn't reported a monthly active user number since february 2019. back then they had 321 million monthly users. >> snap chat has more than twitter. that's important why do you think they are disclosing this metric now, especially now in a twitter stopped reporting. >> listen, those numbers were back in 2019, things could have changed for twitter in the past two years. this is all coming out in a developer event happening as i speak. the company wants to give a better sense of what its reach is the daily numbers crucial because it shows really tighten gaugement, people who think of snap as a utility that they use daily. they also want give a broader sense of the reach right now they are talking about new tools we are unveiling i will be back with more at the ends of the hour as they make more announcements about what they are doing for their users and content creators. >> snap shares up 3.5% on this jewel why, thank you >> oatly making its public debut, it is going over bet

media learning something new almost every day he uses tech talk and facebook as sales platforms pinterest and google for learning line and twitter 20. 1 torres poses the question the other way around he writes it would be better to ask how long we don't spend on social media it would be easier to work out. the opportunities of communicating with others are practically unlimited given the sheer number of platforms what has that made us any happier or the opposite traveled daniel from nigeria had a question about that. can spending too much time on social media make you depressed. instagram. the number of platforms has been constantly growing as has their global popularity and usage has soared during the pandemic of users. can stay in contact with friends and family share information and stave off boredom all under lockdown but social media has always been controversial newer studies suggest that spending too much time on such websites can lead to an increase in symptoms of depression amongst users. but is there a causal link here is it spending time on social media that makes people depres

social media learning something new almost every day he uses to talk and facebook as sales platforms pinterest and google for learning line and twitter funny. one taras poses the question the other way around he writes it would be better to ask how long we don't spend on social media it would be easy to work out. the opportunities of communicating with others are practically unlimited given the sheer number of platforms that has that made us any happier for the opposite travel daniel from nigeria had a question about that. can spending too much time on social media make you depressed. facebook. instagram. the number of platforms has been constantly growing as has their global popularity and usage has short during the pandemic users. can stay in contact with friends and family share information and stave off boredom all under lockdown but social media has always been controversial numerous studies suggest that spending too much time on such websites can lead to an increase in symptoms of depression amongst users. but is there a causal link here is it spending time on social media that makes peo

media learning something new almost every day to use it to talk and facebook as sales platforms pinterest and google for learning line and twitter funny use. one taras poses the question the other way around he writes it would be better to ask how long we don't spend on social media it will be easy to work out. the opportunities of communicating with others are practically unlimited given the sheer number of platforms what has that made us any happier for the opposite trevor daniel from nigeria had a question about that. can spending too much time on social media make you depressed. what's app instagram chitra the number of platforms has been constantly growing as has their popularity and music has soared during the pandemic of users. can stay in contact with friends and family share information and stave off boredom all under lockdown but social media has always been controversial numerous studies suggest that spending too much time on such websites can lead to an increase in symptoms of depression amongst users. but is there a causal link here is it spending time on social media that ma

social commerce has not work that well on facebook, instagram, pinterest and places it seems like itld be pretty straightforward. kurt: i am hesitant to say that it will work out because we have seen facebook talk about by -- buy buttons. i think the idea that you would spontaneously purchase something , it has not really worked in the way that some people thought. some people thought you would come across a tweet and you would spend money right there. you may come back a week or even a month later and buy it. i am of them skeptical that people will go from discovering something to purchasing it right in that moment but it has worked in other asian countries. especially where tiktok's parent company operates. emily: interesting, a be next frontier of competition. we appreciate your opinion there. coming up, pelletier snapping attend a plus. revenue growth saying it may add bitcoin to the balance sheet. this is bloomberg. ♪ emily: the data analytics company, pelletier projecting sales growth. the company is embracing a new form of cryptocurrency, bitcoin. eric, you have been a big sup

and pinterest canceled the lease for reported 490,000 square feet in a proposed building downtown. one thing that's certainly happening is companies are currently using less space. very council president and ceo jim wonderman says companies are recalibrating work flows with the pandemics remote work from home model. there's a lot of vacancy, especially in san francisco, close to 20 million square feet, which is, which is a lot fewer office workers could cause a major shakeup. in what the dead. downtown landscape looks like traditionally downtown san francisco has catered to the 9 to 5 crowd. our restaurant need people to come back our retail shops and people to come back. robbie silver, executive director of the downtown community benefit district, says businesses that depend on office workers are hoping next month's reopening of california will help bring more people back downtown wonderman anticipates demand for san francisco office space will bounce back, some say downtown san francisco. i need some permanent post pandemic changes were really poised to become a 24 hour downtown,

emily: social commerce has not worked well on facebook, instagram, even places like pinterest where iteems like it would be straightforward. >> i'm hesitant to say that it will work. we've been seeing facebook for years talk about this idea of buy buttons, and i don't know how it happens. it happens with ads, of course, but this idea you would purchase something directly from a facebook video has not worked in the way the company thought. this idea you would come across a tweet and decide to spend money there and then -- i'm little skeptical that people are going to go exactly from discovering something for the first time to purchasing it right in that moment. this has worked in other asian countries, particularly where tiktok's parent company operates, in china. there is reason for why they would want to do this. emily: perhaps the next frontier of big tech battles. i appreciate your opinion. coming up, palantir shares snapping a slump. we are going to hear from a shareholder eric munson coming up next. this is bloomberg. ♪ emily: palantir forecasting sales growth of 43% in the second

media and learning something new almost every day he uses to talk and facebook as sales platforms pinterest and google for learning line and twitter funny use. one taras poses the question the other way around he writes it would be better to ask how long we don't spend on social media it will be easy to work out. the opportunities of communicating with others are practically unlimited given the sheer number of platforms it has that made us any happier for the opposite travel daniel from nigeria had a question about that. can spending too much time on social media make you depressed. instagram. the number of platforms has been constantly growing as has the global popularity and usage has short. during the pandemic users can stay in contact with friends and family share information and stave off boredom all under lockdown but social media has always been controversial numerous studies suggest that spending too much time on such websites can lead to an increase in symptoms of depression amongst users. but is there a causal link here is it spending time on social media that makes people depress

we're going to talk about how she's using pinterest of all things to open a conversation about mentalfor other artists including nick jonas and selena gomez. the monitor for emin them in and rihanna won a gram. ♪ will be will be ♪ >> the 2020 debut in florida line she became a star in her own right. and nominated including best new artist. ♪ set you free ♪ >> like her music, rexha is real and honest on social media. 2019, she revealed on twitter she was diagnosed with bipolar disorder writing this, i'm not ashamed anymore. she soaped up to "self" magazine. >> i think it's a journey of working on self-love. and understanding that you're not always going to feel 100% every day and that's what makes it okay. ♪ why can't i let myself be happy ♪ >> and rexha is sharing her mental health journey and how it inspired her music like the single "sabotage." ♪ sabotage everything i love ♪ >> she hopes it helps others talk openly about their struggles. bebe rexha, bravo, bravo. one of your songs say my name is stevie, but you can call me bebe. i like that. it seems to me, i've been listening to yo

facebook, twitter, snap, pinterest all pairing their earlier losses the hardest hit of the group, facebookreal threat from tik tok. it's said to take over instagram in gen z users by the end of this year and not even by a slim margin tik tok will surpass snap chat in total users by the year 2023. how real is this threat. tik tok is not even a company we can invest in. >> it's very real. they're somewhere around 40% in terms of the gen z exposure. you heard q1 numbers they will continue to grow q1, i think 65, 66%, that's tough to duplicate the guidance on the second quarter was good maybe not enough next three or four years, i think they still grow mid-50s. i think that's extraordinary i really like snap chat despite tik tok's threat, as we call it. >> is there anything that leaves to believe this social kbmedia s due for disruption from likes of a tik tok? >> the pricing is coming down. the market is telling that this discussion is happening shows you speed of social media displacement instagram used to be hot now it's not so hot amongst gen z. you get other things out there snapchat is s

twitter, snap and pinterest are down from the two-week highs are any of the social plays by here, andl beruk are or trading nation team. nancy, which of them names, if any, would you buy >> kelly, welcome back it's good to see you i would pick facebook out of that list. we have exited twitter and facebook for the following reasons. though i have a tortured relationship with this management team, high-profile missteps, you can't argument with the business model. digital tiesing is expected to be by 50% of digital average daily users are almost up to 1.9 billion, average, and then valuation, you've got a company that's growing at 20% we still own it, but don't -- >> bill, what about you, of the social names that have been trading sidewaying or worse? >> twitting is getting the bad end of the stick here. i own twitter. we cut it in half up through february rally this would typically be where i would be looking to buy that half back. there's a lot of support down here for the march 2020 lows this is a big trend line, but overall i'm less enthusiastic about the market for the last half of

the social media networks 50% have not been to twitter or pinterest in the last month.% have not been to facebook. i gives us an interesting angle. as you noted, things like food delivery apps. we saw a huge surge, it is not look like it is going to stop. people have enjoyed that trend. it is definitely younger populations doing more of this. the big jump we see coming is the 35 and above who want to say on the food delivery trend. similarly with grocery shopping, people still want to do curbside pickup. so they are not going to go back into the store. in fact, texas is the state where we see the biggest surge in that, almost 77% of neighbors saying they want to keep up so -- keep up curbside pickup. emily: as wonderful as a community building has been, not all neighbors are nice. there has been a problem with racism and discrimination on the platform. you are announcing this new policy. how confident are you that you can get this problem under control when companies with massive resources like facebook, twitter have not been able to do that? sarah: you are right, it is

coming up, benjamin silverman, pinterest chairman and president at 5:00 in new york, 2:00 in san franciscoerg. alix: novavax shares down over the past is two trading days after the company had to push back the timeline for its covid vaccine. let's get to the bottom with the ceo of novavax, stan erck. the question everyone wants to know is why you keep having delays? stan: it a good question. we are in good shape. our starting point was a year ago. we have all of the manufacturing data put together into a package. this has been to all of the global regulatory agencies. with that we submit all of the clinical efficacy and safety data. we have some of the best clinical and safety data that exists. we have that put together. we are assembling the manufacturing package and frankly a year ago we had zero manufacturing capacity, zero analytical and process develop laboratories. we have built that all in a year , eight different countries. that is what has taken us longer. we are there. all of the data -- i think we are in good shape. guy: there is no problem with the vaccine? this is a manufactur

. >>> meantime, 13 apps, dipping, exiting position and pinterest cutting stake in amazon and facebook you can read about the moves on cnbc.com/pro mean time, watch peloton, a volatile month following recall of the tread plus products nearly 7% rise on thursday following a 14% drop on may 5th. today down again more than 4%. the largest laggard on the nasdaq 100 "techcheck" returns in two. >>> reporting about bill gates, his divorce from wife melinda gates and tenure at microsoft. "new york times" reporting gates made multiple sexual advances while still married and on the board in microsoft in 2019 one case investigated after being in a relationship with an employee his relationship with jeffrey epstein contributed to his divorce. a suppose persson disputed that characterization saying the claim of mistreatment of employees is also false. rumors around his divorce are becoming absurd and those with so little of the situation are characterized as sources carl >>> when we come back, who is joe biden venmoing we discuss that after the break. >>> meantime, watching micro strategy caught up

avlon and barry schmidt, facebook's former communications director and also worked at google and pinterest. good evening, gentlemen. thank you so much. mr. avlon, this oversight board basically telling facebook they need to deal with the mess they helped to create and come up with some rules that apply to everyone. look, this issue is bigger than facebook and trump. is social media undermining basic truth in our society? >> yes. among other things, yes. it is a new challenge. it's a new communications form. it's making it more difficult to reason together because people are getting encouraged toward extremism by algorithms. they're being offered different versions of reality. so it's a challenge i think we need the confront together. this oversight board i think took a step in that direction. but the number i can't get away from, after he was deplatformed from the first time, don, after the capitol attack, within one week, one study found a 73% decline in election misinformation. that to me is just clear cause-effect. that's a real problem we've got to deal with. >> that should be evidence

avalon and barry schmidt, facebook's former communications director and also worked at google and pinterest. thank you. this oversight board basically telling facebook they need to deal with the mess they helped sxreet come up with some rules that apply to everyone. look, this issue is bigger than facebook and trump. is social media undermining basic truth in our society? >> yes. among other things, yes. it is a new challenge. a new communications form. it is making it more difficult to reason together. people are getting encouraged to, toward extremism bial goal rhythms. they're being offered different parts. i think this took a step. in direction but the number i can't get away from is after he was deplatformed the first time. after the capitol attack, within one week, one study found a 73% decline in election misinformation. that to me is just clear cause-effect. that's a real problem to deal with. >> it should be peft perhaps their decision needs to be, you know, permanent. i'm just saying perhaps if you have that evidence. let's ask barry. what do you think of that? >> well, i think it

so i took a position in pinterest a few months back.e growth opportunity and potential but since the report the stock went down i don't need it soon. >> i think you hold it get a bump off if we get rates down a bit it's a good company. it did get to be too high when people thought microsoft would buy it i don't think they want to sell and then your chance to go let's go to ivani in connecticut. >> caller: boo-yah, jim. >> boo-yah >> caller: i'm a young invest tore in college and i watch your show regular ly. >> great. >> caller: can you tell me more about the performance of d docusign >> they are closing of america stocks i think it is here to stay but you have to understand it is very out of favor right now. if you're willing to hold it for a long time, i think it will go back up but you have to hold it for a long time because a lot of people need to see how well it does with the pandemic running its course without a decline in interest rates, this cloud cohort is so expensive is likely to continue to struggle. much more "mad money" ah

we saw that last week with pinterest and netflix. we didn't see that with alphabet and facebook.is morning in the auto sector? something we didn't see with ford, we see with gm. tom: andrew slimmon said yesterday, an estimate of a 3% miss in earnings. he makes clear the bark is worse then the bite out of yesterday. you and i were going back-and-forth on that after the "surveillance" nap. the bounce back was tangible. jonathan: the bounce back was tangible. tom: i meant the markets, not the nap. lisa: it's nuanced. jonathan: is it nuance wednesday? lisa: what is it, sleepy wednesday? tom: snooze fest wednesday. lisa: with nuanced monday. jonathan: it will be in a couple of minutes when leon cooperman joins us, the omega family office chairman and ceo. he will join us shortly. equity futures up 0.4 percent. heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." yields higher at 1.6067%. this is bloomberg. ♪ want your workout to be easier, more effective, and more convenient? then you should try aerotrainer by golo. the new full body workout that you can d

you compare that to a pinterest right, which is more conducive to being at home, to lockdowns that is actually negative year to date. even twitter, which has been rolling out so many different product releases and is experimenting more, julia, they're getting there, but it's only up less than 1% so far this year >> yeah. and snap is a company that does believe it can transition and did see a boost from people getting out into the world and making new friends that they could snap with. back to jon's question about those augmented reality glasses, snap is trying to show it's at the forefront. it's introducing the next generation glasses before consumers can buy them, years before consumers will be able to buy them, but they really want to be able to be leaders in this space and, of course, microsoft has been a leader in the augmented reality space for enterprise, jon. >> we got them both on "techcheck." businesses transitioning to a hybrid model, microsoft ceo satya nadella sat down with 200 ceos to talk about the company's blueprint for the future of remote and hybrid work and satya jo

social media learning something new almost every day he uses to talk and facebook as sales platforms pinterest and google for learning line and twitter for news. one taras poses the question the other way around he writes it would be better to ask how long we don't spend on social media it will be easy to work out. the opportunities of communicating with others are practically unlimited given the sheer number of platforms what has that made us any happier for the opposite travel daniel from nigeria had a question about that. can spending too much time on social media make you depressed. instagram. the number of platforms has been constantly growing as has their global popularity and has soared during the pandemic of users. can stay in contact with friends and family share information and stave off boredom all under lockdown but social media has always been controversial numerous studies suggest that spending too much time on such websites can lead to an increase in symptoms of depression amongst users. but is there a causal link here is it spending time on social media that makes people depres

and pinterest canceled the lease for reported 490,000 square feet in a proposed building downtown.ne thing that's certainly happening is companies are currently using less space. very council president and ceo jim wonderman says companies are recalibrating work flows with the pandemics remote work from home model. there's a lot of vacancy, especially in san francisco, close to 20 million square feet, which is, which is a lot fewer office workers could cause a major shakeup. in what the dead. downtown landscape looks like traditionally downtown san francisco has catered to the 9 to 5 crowd. our restaurant need people to come back our retail shops, people to come back. robbie silver, executive director of the downtown community benefit district, says businesses that depend on office workers are hoping next month's reopening of california will help bring more people back downtown. wonderman anticipates demand for san francisco office space will bounce back. and he says the region has some 157 private companies or unicorns valued above $1 billion commercial real estate brokers, he says

the digital advertising is benefiting a lot of names like alphabet or pinterest. these are not only reopening plays but it is secular play on the continuing transition to electronic payments away from paper that is still -- has a long way to go and paypal which are a play on some of the new ways of doing business when they started doing crypto, i thought that was a good one. in the fin tech area there's some good ones and not to mention all the classic retail, whether it's costco or target, nike or starbucks. lululemon which is expensive right now, but these are great long-term winners. it's just a question of when you buy them because valuations have been high. >> mike, is there a risk from the meme stocks doing so well that either they're going to come back down and take with them, remove some of the investor optimism and/or see some hedge funds get squeezed? >> certainly there is the risk at this point as exciting as it's been with a couple of them, it has not reached the magnitude of what we saw in january and early february just the amount of call buying, whi

. >> no, it hasn't, you're right, even compared to something like pinterest.ing fast enough in digital adds the whole thing that's been the snap story from the outset because it hasn't been about revenue, multiple of revenue that somehow looks reasonable. i do think it all makes sense and it seems like snap has a very defensible piece of this market that nobody is exactly doing the same thing >> the poshmark piece of it, steph, is interesting as well. it seems like huge exposure to a really good core group of customers, younger customers the poshmark mini on snap will let users shop posh parties, posh its entire catalog and top selling brands that is up almost double what snap is up one in two smartphone users in the u.s. is on snap. that's a big boost for this newly public company. >> my 14-year-old and all of her friends are all on it today. i asked her today -- of course i bought twitter and she's doing snap but look, i think they're doing all the right things, i really do, and they're executing better things have seemed to settle down there's clearly growt

facebook, instagram, pinterest and tiktok so we think if a brand wants to sell to modern consumers, theyas massive runway remember, we're still sub 30% in north america. it is higher in the uk and higher in china. but e-commerce as a total of sales is really low. if you look at australia or new zealand. it's not a proxy for the rest of the world but does provide some insight because they're on the other side of the pandemic we have not seen any slowdown on shopify from consumers buying from our merchants in fact online remains at elevated levels in those places. >> what about new business launches, harvey do you think that has been driven -- pickup has been driven by the pandemic and could that even if it keeps going could plateau as we get back to normal. >> in 2020 the united states had a record amount of business registrations. we had a record number of new entrepreneurs enter the retail space more than ever before. certainly the pandemic did accelerate that. it acts as a catalyst for it a lot of those businesses that we saw created during the pandemic are going to last long after the

what it all means and check out these stocks reviewing a new filing that is dissolved the stake in pinterest increasing amazon and facebook interests "squawk box" returns after this. look for us on apple podcasts or on the favorite poasdct app. subscribe to squawk pod today. [ humming ] alexa? play "ooh la la." [ "ooh la la" by cherie playing ] ♪ ♪ the moxie showerhead speaker. only from kohler. dave doesn't need a posh virtual receptionist, because he cloned himself. while his clone watches the phones, dave can work on his code. and lead his team. dave trusts his clone like he trusts himself. so, in summary, we're going to sell the company. who's in favor?... perfect. but if cloning isn't an option for you, just get posh. virtual receptionists who can answer and transfer your calls, because you can't be in two places at once. >>> well cwelcome back to "squaw box. costco and walmart and starbucks will no longer require masks for customers. we have dr. scott gottlieb, the former fda commissioner. he serves on the boards of pfizer his latest op-ed may encourage more americans to get vaccinated

made for some of them going to be hit or miss as we saw last week with twitter, and before that pinterest but poised well interest rates are fairly modest, we've got some issues at capital gain taxes we're not happy about. but otherwise we think, you know, we're going to have a little choppiness here. but we think we end the year higher. maria: did you hear any guidance for the rest of the year during earning season? i mean, we're still hearing from a few companies in terms of reporting their first quarter. did you get a take away in terms of their own visibility and clarity for the rest of the ye? >> well the engsd was at a lard time this year 589% of the tech stocks beat earnings, yet as we saw last week 1 point they drop 1.6%. they've been off more than ever before so this has been pa very hard time for them to predigit. some of the value stocks for example, eva car rental is an all time yet flirting with bankruptcy and as we saw these are extremely well known companies and yet they're way off. i mean, everybody is got into borrow low so unfortunately earnings so far the guidance hasn'

likes, reactions, comments, or shares of content about him across facebook, twitter, reddit and pinterestnce january -- >> well, i mean -- >> lowest level since -- >> if he gets banned from every site, it's going to nosedive. >> then there's this. republican congresswoman marjorie taylor greene is comparing the house mask rules to the holocaust. the georgia congresswoman said, quote, we can look back at a time in history with people were wear a gold star and they were definitely treated like second klass citizen, so much so they were taken to trains and taken to gas chambers in nazi germany and this is exactly the type of abuse that nancy pelosi is talking about. a day later, republican congressman, madison cawthorn had a comparison of his own, implying the british would not have surrendered at yorktown if george washington had been wearing a mask. and said americans are, quote, descended from people of valor. >> yes, we are. >> who stood up for their own personal liberties. >> the only difference is some of us still believe we are a people of valor. we descended from people of valor, we