some companies will allow people to work from home forever, including reddit.onversation with the red's ceo, next. this is bloomberg. ♪ ♪ emily: the community social website reddit says it will allow most u.s. employees the flux ability to work remotely forever some exceptions. they will still be paid the same even if they choose to move out of high cost cities like san francisco or new york. this as other tech companies like facebook have decided to pay workers more or less ace on locations. here is our conversation with the reddit ceo. >> we had that original policy as well, but it had some obvious flaws, which is first of all, there are so many personal decisions one might make in their life that affect their quality and cost of living, such whether they have a family, if they rent or own, what part of the city they live in, and what city you live in. there are so many variables at play, we figured the most fair thing to do is to simply pay at the top of the market and pay for performance and the role. we think this will be an advantage for both recruiting o

emily: that was reddit ceo steve huffman.oes it for this special edition of "bloomberg technology." stay with us because studio 1.0 is. i'm emily chang. this is bloomberg. ♪ ♪ >> she grew up in early indiana, the oldest of four siblings and a homecoming queen. she took a job at flora's, where she helped launch, >> cat litter. of a: and the beginning storied career, going on to become the ceo of a software company better known or its game, and

s and acquisitions now the latest one is read a reddit acquired short video platform smash what are the details of that acquisition and of the deal. all right now it looks like it's going to have a tough 2021 trying to fend off all of its new competitors so we all saw instagram wheels that looked exactly like tick tocks and also snapshots new spotlight features which was just another rep and now we have dubs national just just another version of that so the successor to talk has now come to 90 social media companies to add short video services to their platforms both facebook and snapchat had approached about a deal earlier this year but failed to seal the deal doug smash instead chose to go with reddit where it will retain its own platform and brand and read it will integrate its getting a connection tools so according to the ad rates $20200000.00 from investors and has grown to be one of biggest rivals however it does struggle for several years to after a brief stint of popularity in 2015 but by the beginning of this year doug splash of share in the us in short form video market was o

about a deal earlier this year but failed to seal the deal doug smashed instead chose to go with reddit where it will retain its own platform and brand and read it will integrate its getting a connection tools so according to the app had raised $20200000.00 from investors and has grown to be one of biggest rivals however it does struggle for several years to after a brief stint of popularity in 2015 but by the beginning of this year doug splash of share in the us in short form video market was only 2nd to top when counted by app and stalls so end of flash a success came mainly from the african-american and latino users while many of talks high school stars are white. to become more diverse with black teens representing about 25 percent of all of its creators and females represent about 70 percent of users so this deal would give reddit user is who can already upload and stream videos access to that status editing and creation tools and ever since launching native videos and 2017 reddit so that usage has increased sharply growing to x. and 2020 a love so much about its content and still

palantir's performance having gone public through direct listing, right around 10, 11 >> reddit lovest we sit here and talk about keith -- we should be talking about reddit. >> want to get bill gurley on to pontificate about the benefits of direct listing, we can do that, we can talk about spacs, the way so many companies are now going public, blade today the latest name to take advantage of that. >> with very, very prominent investors. >> opportunity, yeah geffen and diller is not bad take those two anytime you can get them rob weisenthal, old friend, having started that company and running it right now is on "squawk box" this morning. i want to understand, airbnb, they raised what they were hoping to. now there is some who could argue, you might have been able to sell more stock at a higher price, but it depends how much stock is actually trading at that price you're not going to sell $3 billion, $4 billion worth of the stock at 150 or 160. same with doordash >> maybe this is the big decline. maybe these stocks go down every day. and everybody who bought it. >> they might. >> they s

i don't see reddit going after tiktok necessarily.ollow that format without having to really build it themselves. >> i don't know even know why reddit would have to when it seems like it's the message. what is the point? i'm certainly not the expert. i take your word for it. guys, we'll leave it there with a big thank you to all in rapid fire today. still >>> welcome back to "the exchange." the covid vaccine is rolling out across the country and batches are shipped to hundreds of health care facilities. brian? >> reporter: yeah, kelly, listen, this is the day we've been waiting for, v-day, vaccine day across america. we talked so much about this, the sicience. but now it comes to the ground where the men and women here have got to use their local knowledge, local expertise to make sure the vaccine gets to where it's going. the vaccinations began this morning here in shreveport. larry, the ups man, literally rolling in the box. thank you, larry and everybody at fedex and ups and all those helping distribute it. louisiana, 64 parishes,

frankly i don't know why how the buzz start maybe reddit is it reddit hennessy's capital is trading at 10 bucks in change before they announced the cnoo deal when the news broke, it rallied all the way to 13. and then the stock quickly sank back to the $10 level. even when the whole electri electric -- heelectric -- electric -- hennessy rallied back at 13 the canoo/hennessy tie-up. that's kind of crazy after i tell you all the great things that got going for it. you are going to say byuy, buy, buy! like a rival, the british outfit that's developing modules and electric vans and buses that can be produced as cheap so what's skateboard the skateboard is a plug-in wit all the kpocomponents no top it is totally exposed. this skateboard is the basis of canoo's module design platform it could be a van or pickup truck or a sedan thanks to their plug-in scape, some of these takes our or five years. canoo is on track to launch the first vehicle in 2022. not so far from now. you can can walk away any time by 2023, they want to roll out business to business delivery vehicle focused on last model.

s that have been over reddit deforested many many many years ago that are occupied by farmers only one surge of them are happening that they wouldn't do should not to happen and we a fight and then since the beginning of their day a green brazil to a permission that we lounge and since the month of may where we stop at some $6000.00 points of fire so we have been doing our jobs. you've been doing your jobs but. not very effectively it seems according to reports on the ground if the fires are that bad and there are still $32000.00 the hot spots in the rain forest the 61 percent rise over the same month last year that's not very effective is it well like i told you this season is very dry so it's a moment that fire happens and of course you say 32000 hotspots 32000 hotspots in an age of 5 median square kilometers i think you can agree with me that's not so huge are people watch telly around the wood ok because the amazon is very huge so what's been passing through all around there were that the whole amazon is in fire and that's not happened there fires happen like i told you in ages tha

what is reddit -- >> i have not checked in >> reddit chat rooms >> we'll see if we get mr.k. remember him from the old yahoo! message boards he was more on the short side, typically. an opportunity to attack people. >> i'm not just saying make some mockery of the process, but this is the kind of thing that makes people say, you know what, you can't trust this asset class again. got to get away from that. we can't have stocks go up like that, without thinking that's manipulation as soon as you mention that, people say, oh, come on, cramer, this is a great drug bristol-myers, which does in that same field, they could put out a release that is five times what this company did and can't get that stock up a dollar. >> that's what we're watching for. that'sy poi why i pointed it out yesterday. quantum scape, they went through public through -- they closed their deal and the stock was up multiples yesterday. today coming down as you see 10%. still, it is not bad 582% year to date. most people will take that >> tesla >> yeah. >> tesla rainbow >> tesla is up over 600% >> right look

cramer, do you actually have a question >> how is the reddit board >> they use the clip of you on reddit- >> of me >> talking to me there is one, yolo bowl. you only live once this guy likes me. he superimposed my head on someone who looks like arnold schwarzenegger for all i know. this is the person of the year i thought would be you >> yeah. >> but it is a mad, mad world and that's what they do. they're calling it mad cash in today's elite lead story all i know is that it is -- it is a federal issue, isn't it maybe 50 states, like we have with the vaccine vaccine, 50 states, massachusetts, wow whatever happened to federal government who the heck knows >> man, two days of reddit references in the b block in a row. >> david brought it up david wanted to bring up barstool, but i prevented it from happening >> we'll take a break. a lot more to get to on this wednesday. don't go anywhere. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions.

reddit founder alexi ohanian just weeks ago swore us posted the announcement of another silicon valley company now making the job so hear i met. >>more people i ask you my of california but they're not the only wants to leap from the golden state in recent months. tesla ceo elon musk announced plans to head east to texas hewlett packard soon followed also with plans to move to houston stores says that many california companies are fed up with the state's high taxes and unfairly business climate. >>and in the age of covid-19 were so much is being done virtually. he says it's a perfect recipe for folks to treated the redwoods for the sunshine state we're trying to do is create favorable environment for companies succeed and roll out the red carpet and let them know that we want them here for us is that more companies could be looking to cash out on california and if they do. >>he says he'll be ready to say if things don't change it to get i at the end day people will go where they find it easier to business or it's inexpensive and where they wanted. >>californians who need health insuran

. >>> and reddit is buying tiktok riv rival. users can choose audio or sound bite for movies, shows, music and internet memes and trends and record a video of themselves over that audio. now the success of tiktok has prompted many social media companies to add short video features. snapchat rolled out its spotlight in november and facebook launched instagram reels. marcus, cierra, i'm not sure about either of you but i have no skill when it comes to song and dance, so i'm probably not going to be a customer there. back over to you. >> hey, i'll teach you, dom. >> thanks, dom. >>> 4:43 for you this morning. an east bay church reportedly at the center of a misconduct claim. next on "today in the bay" we're going to talk about the response from the church leaders to those allegations and the pastor now taking a leave of absence. i'm erin. -and i'm margo. we've always done things our own way. charted our own paths. i wasn't going to just back down from moderate to severe rheumatoid arthritis. psoriatic arthritis wasn't going to chan

execs reddit election official in georgia is splitting with president trump to dive down the rhetoricsults there. —— an exasperated election official. of the past half—century, the former president of france, one of the most influential european politicians of the past half—century, the former president of france, valery giscard d'estaing, has died at the age of 94. his family say he died of complications linked to covid—19. giscard d'estaing was president from 1974 to 1981, and his time in office included periods of economic crisis and industrial unrest. his greatest passion was building a greater european union. in 2013, he gave an interview to bbc‘s newsnight warning the of the problems the european union would face if it did not reform. things were going well more or less, until 1990. we were 12, including britain, germany, france. britain, germany, france, italy. we knew each other. we were in rather similar positions, more or less identical. and then we had a wave of new mps who pushed us from 12 to 28. and we didn't change anything. the position, the way of taking decisons. ..

what about reddit, tiktok, snapchat and others?hing like facebook, nothing even close to the size of facebook, right? half of all americans over the age of 13 get on facebook every single day and it's the way they connect with family, friends and no other platform like that. so, the allegations and lawsuits make that clear. i think when it saw instagram and whatsapp, similar kinds of connectivity and user bases, and it went after those again with money and power and it took them out of the market. that is the problem. if that is the problem, why weren't those purchases blocked at the time? for a couple of reasons. fdc that was reviewing those deals at the time, so it is unclear, you know, precisely why it made those decisions, but what was reviewed in a lawsuit that without today was honest about what it planned to do with these companies. for example, facebook said that it was going to keep whatsapp separate, it wasn't going to integrate its data in any way, and whatsapp users had nothing to worry about. what actually happened was

i am one of the young investors and i don't believe reddit and i don't use robinhood.st what i know. >> if you have been a sportsman and you like it, it is definitely worth buying. dick's is colding down. it may be attractive. let's go to angelica. >> good afternoon mr. cramer. i am calling you about at home. >> i like it. we are not going into recession. it is a place to get furniture. i liked him. i thought he had horse sense. let's go to kccal in new york. >> booyah, jim, thank you for taking my call. >> of course. >> my question is what's the relationship between parsley energy and pioneer energy? >>. >> the only two oils i am recommending are pioneer and chevron. by implication i am recommending it. >> travis in ohio. travis. >> what's up, cramer? >> expects the purchase of $825 million worth of stock by 2023. cramer, is bed bath and beyond a buy here? >> yes, it is a buy. they're doing such a good job. it is an amazing thing. he got a lot of money in and he's doing accelerated buy back. buy! >> brandon in new jersey. >> how is it going? >> i am having a blast wit

they counted big horn sheep this bizarre monolith spent all last week making headlines and inspiring reddit post the world over but then like keyser soze say just as it had mysteriously appeared it mysteriously disappeared and now it appears to have reappeared this time in romania yes the very similar looking monolith to the one in utah is now standing on a hillside in romania just meters away from the historic portrait dusty and fortress but guess what now there's reports that the romanian monolith has suddenly disappeared i don't know if that's where you're going to i'm going to get where's it going to end up next this is wild i don't know what he thing oh we need to hit up at the end. of the model of a thing up next. ukraine bermuda triangle come on let's go well go for me about iraq go right that's somewhere but why not all right. so i want to join it yes the patterns are so over you today remember i wrote to him as world we were not told we are loved enough so i tell you all i love you i am tire over and i'm going to keep on watching all those hawks out there and have a great day and n

kate >> hey, kelly, this new generation of investors is taking to reddit, twitter and even tiktok toout their trades sofi announced the ability to follow and comment on trades webull does the same, commonstock is a social net work for investing and public, which announced a funding round today is a broker that also calls itself an investing social network. by only allowing verified traders into these conversations, companies say that it's safer for the flog of new retail incestors they avoid those sites that look for trading advice this u might n you might not know the motives behind such advice researchers found that trade who are had the right balance of diversity of ideas had a return on investment that about 30% higher than the others kelly. >> it's fascinating, kate. thing you this and investors included tony hawk, will smith and the -- anyway, public.com has raised over $90 to date for its platform joining us is yannick, co-founder and ceo of public.com it's great to have you here and it really interesting of the the -- you guys didn't allow day trading. is that right, jan nick

what goldman, you know,. >> reddit has m&a of their own. >> doing with tiktok. know aout that tiktok deal? >> i don't. everybody stop talking to me about the tiktok deal and then you don't hear a thing. walmart and oracle. >> oracle is moving to texas. we haven't talked about that. >> yeah, oracle is moving to austin. it's funny, i heard they might be moving but colorado is another name. but, yes, we have this continued outpouring of companies. at least their headquarters and/or new hiring they're doing to other areas. austin is going to get awfully crowded, jim. >> one thing that is true, carl. the flow of news in december. i've never seen anything like it. look, we had the fed a couple years ago did devastating things to hurt the market and jay powell learned not to do that. and there's deals everywhere. remember it used to be handshakes and big bottles of wine and now, david, it's like, they press a button. they do,cusign. companies are buying companies they don't even know. >> to people who engineered the largest deal we saw this weekend, the astrazeneca dea

you want your own show, i will put you on reddit.o own for all the reasons you just point out. let's go to anthony in new york. >> booyah, jim. >> i am calling about uber technology >> yeah, i actually liked their division, i went out there and saw that with a volvo. i like uber eats very much let the stock cool off a little bit. do a little bit of a roll over it is 51 how about 46 use 46 as a benchmark that you can get it i want to go to jackson in alabama. >> booyah, jimmy >> what do you think is now the time to double down and buy some more home depot. >> let me put it this way? >> i think the world of home depot is fabulous. i got to tell you, my money right now is on lowe's >> people right now don't understand that they are making a huge amount on home depot. i am involved with the idea that lowe's is going to triumph in terms of getting its act together home depot keeps on getting a's. >> mike in virginia. >> jim, how are you doing? >> i am doing okay, thank you for asking >> go birds! >> you never know an act division >> it is

disney plus documentary, they bleeped out the f-word and you had profanity on the album, somebody on reddit amount of profanity in your albums from year to year. it started with two damns on the first album and then you went totally clean and now you are up to four f-words, taylor. >> it's just, it's just been that kind of year. you know? >> jimmy: well, i have to say, i mean, you have been so, it is crazy how productive you have been, and what you put out here. i feel like if you had been in charge of the vaccine, it would have been done in june. >> oh. that's the nicest compliment anyone has given me. >> jimmy: thanks for being with us. happy birthday, merry christmas, folklore, is on disney pluses right now, and this is her surprise new album. evermore, it's out now. taylor swift, everyone. thank you. >> thank you, jimmy. >> we will be back. ♪ bacardi. do what moves you. even fast delivery on the perfect last minute gift from your walmart store. really fast. really perfect. let's end the year nailing it. ♪ thand then there are tangy,t. let's end the year nailing it. barbecue pork with pi

reddit founder alexi ohanian just weeks ago swore has posted the announcement of another silicon valley company now making the job so hear i met. >>more people i ask you my of california but they're not the only wants to leap from the golden state in recent months. tesla ceo elon musk announced plans to head east to texas hewlett packard soon followed also with plans to move to houston stores says that many california companies are fed up with the state's high taxes and unfairly business climate. >>and in the age of covid-19 were so much is being done virtually. he says it's a perfect recipe for folks to treat in the redwoods for the sunshine state we're trying to do is create favorable environment for companies succeed and rolled out the red carpet and let them know that we want them here for us is that more companies could be looking to cash out on california and if they do. >>he says he'll be ready to say if things don't change it to get is i at the end day people will go where they find it easier to residents or it's inexpensive and where they wanted. >>jonathan mccall kron 4 news.

in 2018, tennis star serena reddits and her husband, co-founder alexis ohanian, welcomed into the worldeir daughter alexis olympia ohanian, jr. the baby was born by an emergency c-section. williams told "vogue" magazine how she self-diagnosed a life-threatening emergency after giving birth. shortly after delivering, the tennis star suddenly felt out of breath and assumed she was having a pulmonary embolism given her history of blood clots. i want to read from the 2018 piece in "vogue" by rob haskell that describes serena williams's birth experience -- "she walked out of the hospital room so her mother wouldn't worry and told the nearest nurse, between gasps, that she needed a ct scan with contrast and iv heparin right away. the nurse thought her pain medicine might be making her confused. but serena insisted, and soon enough a doctor was performing an ultrasound of her legs. 'i was like, a doppler? i told you, i need a ct scan and a heparin drip,' she remembers telling the team. the ultrasound revealed nothing, so they sent her for the ct, and sure enough, several small blood clots had

reddit founder alexi ohanian just weeks ago swore has posted the announcement of another silicon valleypany now making the job so hear i >>more people i ask you my of california but they're not the only wants to leap from the golden state in recent months. tesla ceo elon musk announced plans to head east to texas hewlett packard soon followed also would plans to move to houston stores says that many california companies are fed up with the state's high taxes and unfairly business climate. >>and in the age of covid-19 were so much is being done virtually. he says it's a perfect recipe for folks to treated the redwoods for the sunshine state we're trying to is create favorable environment for companies succeed and rolled out the red carpet let them know that we want them here for us is that more companies could be looking to cash out on california and if they do. >>he says he'll be ready to say if things don't change it to get i think at the end day people will go where they find it easier to residents or it's inexpensive and where they wanted. >>jonathan mccall kron 4 news. >>up next ope

and i have been a huge fan of lemonade i read an article online goldman sachs has been displaced by redditthere is so much hype in it right now. i liked it at 50 can i like it as much at 100 i just can't i just can't i can't like it as much. i feel like calling my mommy mom, i can't like it as much it's just doubled. like it's a lemonade stand and not an incredible insurance company, or at least a broker of it, so to speak. all the young people what you doing buying some insurance. okay, look there is a lot of craziness in this market. but fact remains the backdrop just way too positive to aggressively bet against anything here. it's the ipo process that's broken on "mad money" tonight, has stitch fit together a way to win in a retail with or without covid crisis definitely with the covid crisis hey, let's talk to the ceo >>> then, we've seen some spectacular reduce but is the market get ahead of itself i'm going to go through the plays. you're going to love that piece. and some people are still weighing essential care out of fear of coronavirus. who can blame them how does it affect the b

reddit founder alexi ohanian just weeks ago swore has posted the announcement of another silicon valleythe job so hear i >>more people i ask you my of california but they're not the only wants to leap from the golden state in recent months. tesla ceo elon musk announced plans to head east to texas hewlett packard soon followed also would plans to move to houston stores says that many california companies are fed up with the state's high taxes and unfairly business climate. >>and in the age of covid-19 were so much is being done virtually. he says it's a perfect recipe for folks to treat in the redwoods for the sunshine state we're trying to do is create favorable environment for companies succeed and rolled out the red carpet let them know that we want them here for us is that more companies could be looking to cash out on california and if they do. >>he says he'll be ready to say if things don't change it to get i think at the end day people will go where they find it easier to residents or it's inexpensive and where they wanted. >>mayor sores says the new york state also another place

disney plus documentary, they bleeped out the f-word and you had profanity on the album, somebody on reddit profanity in your albums from year to year. [ laughter ] it started with two "damns" on your first album. then you went totally clean. now you're up to four "f-words," taylor. [ applause ] >> it's just, it's just been that kind of year. you know? [ laughter ] >> jimmy: well, i have to say, i mean, you have been so, it is crazy how productive you have been, and what you put out here. i feel like if you had been in charge of the vaccine, it would have been done in june. [ laughter ] >> oh. that's the nicest compliment anyone has given me. [ applause ] >> jimmy: thanks for being with us. happy birthday, merry christmas, "folklore: the long pond studio sessions" is on disney plus right now. this is her surprise new album, "evermore." it's out now too. taylor swift, everybody. [ cheers and applause ] thank you, taylor. be right with christian serratos. bacardi. do what moves you. withthis year, he's putting hectin the extra miles.y. and saving up for something special. so nothing gets in t

reddit founder alexi ohanian just weeks ago swore has posted the announcement of another silicon valley company now making the job so hear i met. >>more people i ask you my of california but they're not the only wants to leap from the golden state in recent months. tesla ceo elon musk announced plans to head east to texas hewlett packard soon followed also with plans to move to houston stores says that many california companies are fed up with the state's high taxes and unfairly business climate. >>and in the age of covid-19 were so much is being done virtually. he says it's a perfect recipe for folks to treated the redwoods for the sunshine state but we're trying to is create favorable environment for companies succeed and rolled out the red carpet let them know that we want them here for us is that more companies could be looking to cash out on california and if they do. >>he says he'll be ready to say if things don't change it to get i think at the end day people will go where they find it easier to residents or it's inexpensive and where they wanted. >>jonathan mccall kron 4 news. >

reddit founder alexi ohanian just weeks ago swore has posted the announcement of another silicon valley company now making the job so hear i met. >>more people i ask you my of california but they're not the only wants to leap from the golden state in recent months. tesla ceo elon musk announced plans to head east to texas hewlett packard soon followed also would plans to move to houston stores says that many california companies are fed up with the state's high taxes and unfairly business climate. >>and in the age of covid-19 were so much is being done virtually. he says it's a perfect recipe for folks to treated the redwoods for the sunshine state we're trying to do is create favorable environment for companies succeed and rolled out the red carpet let them know that we want them here for us is that more companies could be looking to cash out on california and if they do. >>he says he'll be ready to say if things don't change it to get i think at the end day people will go where they find it easier to residents or it's inexpensive and where they wanted. >>mears for us as the new york s

maybe trump should post on that reddit forum am i the ass [ bleep ] "tldr, my evil henchmen won't goh a corrupt scheme i cooked up to sabotage the election am i the ass [ bleep ]?" of course, it won't surprise you to learn that trump can't even explain what crime he thinks biden supposedly committed you might remember earlier this year when trump started using the term "obamagate" to describe a mysterious crime that supposedly involved barack obama, biden and clinton. today, in the "60 minutes" interview, he complained again that stahl wasn't covering "obamagate," but when he was asked to explain what obamagate was a few months ago, he could not. >> mr. president in one of your mother's day tweets, you appear to accuse president obama of the biggest political crime in american history, by far >> yeah. >> those were your words what crime exactly are you accusing president obama of committing and do you believe the justice department should prosecute him? >> "obamagate. it's been going on for a long time it's been going on from before i even got elected and it's a disgrace that it happ

meanwhile this, reddit to expand online footprint, cheryl casone with those details right now.g, cheryl. cheryl: that is right, maria. social media company purchased video sharing app marking first major acquisition, rival to tiktok and let people post created videos and incorporated to reddit app. huntington bank shares agree to tcf financial, values tcf at nearly $6 billion. that's a premium of 11%. banks have more than $170 billion in assets bringing it closer to competitors. and oracle becoming the latest company to ditch silicon valley to lone star state. announcing to move headquarters to austin, texas, new filing with the securities and exchange commission, this follows tesla and hewlett-packard. tesla ceo elon musk blaming california lawmakers for driving the corporate exodus. let's take a look at or call. stock is up 3 quarters of a percent, maria. those are your headlines. back to you. maria: thank you so much. challenging election results as we wait elect real college decision, intel source tells me that president trump did win election and says it's up to the suprem

you found that with reddit who says yes, you can work where you want from the same pay.productivity. the question where are people going from these expensive cities. guess were? linked in says austin, texas is the number one city people are flocking toe. david: thank you for that wonderful segue, susan. major companies like oracle, hewlett-packard, announce they are ditching silicon valley in favor of the lone star state. let's bring in steve adler, the mayor of austin. mayor, great to see you. we mentioned tesla. we've been talking about it all day today. elon musk mentioned he is moving some of his operations out of california including himself and his foundation. i believe his foundation will be located in your city now, right? >> it is looking that way. we're pleased to see that. david: what would you say the single biggest selling point of texas, and in particular austin is? >> i think companies are coming here because people that they want to have work for them, want to live in this city. it is a beautiful city. people are warm and friendly. it is on thal and innov

now we are chuckling, in a minute on a chat room or an instagram post or on reddit, the most mobilized and polarized factions can find each other from across the country and around the globe. they can quickly coalesce into mobs and punish any ideological dissident from their extreme positions, forcing our representatives to dig in their heels and take positions like armies in polarized camps. we are living in an america defined by polarization. some have called it the big sort, or referred to filter bubbles and echo chambers. this is a time when, according to objective statistics, america is more polarized than at any time since the civil war. that is how extreme the divisions are. in 1960, the most liberal republican and the most conservative democrat overlapped by 50% in congress. today, there is no overlap between those parties. and because of geographic self sorting where people choose voluntarily to live in blue and red enclaves, and because of virtual self sorting where people on facebook and twitter will only read articles they already agree with or share articles that confirm t

goldman versus reddit, david >> well, what you're describing is things that are reminiscent of the latexperience there, of course, having reported on it very closely, every day, joe and i would sit across from each other on the old "squawk box" set and you would be a guest sometimes and there was the same thing you come out as an analyst at your own peril if you wanted to stick to valuation and say, listen, i can't recommend something at 100 times sales or 500 times forward earnings and it didn't matter until it did. but, by the way, it didn't for a long period of time. >> that's the thing. >> and here, though, you look at the -- you look at actual dollars, other than tesla in terms of big cap, though, snowflake, it is not as though there is speculation throughout this market. that is not the case, jim. >> but the flow expanse, 32 million to 335 million for snowflake on march 1st and then see what it is really made of. >> yeah. >> i just think, carl, when i -- that i don't want to get trapped into the notion that because deutsche bank says that snowflake is a buy, actually took a buy it

, the new investor does not care about what the traditional firms say though i've been looking at redditg me a lot of ideas yolo how are you doing? yolo saying buy tesla. they love palantir >> i mentioned that downgrade of palantir to 17 from credit suisse just talking about it trading at 46 times next year's sales, enterprise value >> that's almost bigger than snowflake. >> enterprise value is in the just equity, you add in the debt, it does figure prominently into the metrics we like it use in terms of multiple to ebitda. >> snowflake is 100. >> yeah. >> it is 110 now and, again, eye of the beholder. the real businesses, i think that i have to think that -- i'll say it, i think snowflake is undervalued. >> undervalued undervalued? >> undervalued >> why >> because i think that the estimates are so low versus what they're going to do, it is shocking they are just -- it is ridiculous it is much like when i saw nvidia, i first saw nvidia and the guy who runs ali north america, he said, this nvidia is the -- the semiconductor of the future i looked at it, selling at 80 times earnings it tur

in a minute on a chat room or an instagram post or on reddit, the most mobilized and polarized factions can find each other from around the globe, and coalesce into mobs and punish any ideological dissident from their extreme positions forcing our representatives to dig in their heels and take positions like armies in polarized camps. we are living in an america defined by polarization. some have referred to filter bubbles and echo chambers. this is a time, when according to statistics, america is more polarized than at any time since the civil war. that's how extreme the divisions are. in 1960 the most liberal republic and conservative democrat overlapped. today there's no overlapping. and where people choose to live and will only share articles that con confirm their pre-existing passions, we are completely walling ourselves off from hearing positions of the other side. this is the exact opposite of what madison hoped for. me believed that by slow deliberation with the opposite point of view, we could allow slow reason to prevail. now we have polarization and snap judgments. what is t

many adults are on facebook so they have a bigger responsibility than some of the other, you know, reddit, forchan. what do the companies need to do to help solve some of this? >> yeah. no, it's another great question. just to, you know, pick up your point the homogeneity of the media in the '60s and '70s wasn't always a good thing and it has been disrupted and facebook is one of the big disrupters. i read facebook, the inside story, which is a well reported inside report of facebook and i came away the conclusion that the problems that we face -- i mean, this is a private corporation that is motivated as all companies are to make money. that is acting as a kind of public square and to expect that it is going to adjust its motivations to preserve democracy or to do the right thing all of the time it's just naive. it's not what it was built to do and the history of facebook is one of continually breaking things and then trying to fix them partially and getting better and better at apologizing. but i came away from it thinking, you know, it's a structure. it is not something that can be cha

she said, these are not people that are people that i would normally think are reading reddit or qanon down rabbit holes. these are people not highly engaged in the process who now have doubts about whether our system works. and we talked about leadership earlier in the program in a slightly different context in terms of the coronavirus. but it matters here too and leadership is about what you're willing to say in public. not what you're willing to say in private. nobody hears what you say in private except for those of us who have those private conversations under terms where we agree that we won't share it with the public. so it's clear that the officials who are on the ground, who see what the future is in the states, they know how dangerous all of this is. they are telling us all of that. and they are the ones that are putting their safety on the line, not the people here in washington. >> it's well said, kasie. to your point, we heard last night in the interview with jake tapper from president-elect biden he's been fielding private phone calls congratulating him, many of whom will