. -- still with us is our guest host for the hour, roger mcnamee.re a man who has every single app out there. do you think this is a wise move by lyft to get bigger players in? it in a much simpler fashion. i think they need more capital. full disclosure, i am, through a fund i'm invested in, indirectly an investor in lyft. my observation about the category, the category has deep economic issues. for all intensive purposes, it got commoditized before it got near breakeven. they don't own even the cars or have control over the drivers. what has been shown, at least in new york city, is that it is possible to segment and slice pieces of the market off and and uber by lyft taking narrow subset of the marketplace. there is a company in new york that just goes up and down the avenues, like a jtney. it's very cheap. you can do that. take's other was that just four and five-star goober drivers and gives the driver a much better deal than what uber does. so i look at that and say, the consumer proposition up until this point has felt good. the driver propos

still with us, our guest host for the hour, roger mcnamee. and stormy arguments going between apple and qualcomm. >> what is fundamentally at stake is a lot of money. these two companies arguably led the smartphone revolution and made the most money. now, as things are slowing down, as we are turning from absolute growth towards margins, qualcomm has been the one supplier that apple has not been able to quit. it licensed technology in a very expensive way. whether apple uses chips or not, apple is clearly trying to do something about it. according to qualcomm, it is lying to do something about it. caroline: how do you interpret these battles in the courtroom? roger: i think he had it exactly right. the stakes, particularly in smartphones, are huge. this is the largest product in the history of technology. you have this situation where you could build, as in the case of dialogue, an entire company off of one component for one customer. that kind of scale we have not seen in a long time. the battle will come down to politics. there is a lot of

take care. >> roger mcnamee. n, you were just saying you would do the exact opposite of what roger was saying. >> i would never want to go the exact opposite of mcnamee. you ma i see what the copycat action by facebook means to their guidance. if you see that stock below the 17 ds price, take a shot at it. i'm waiting until we see it down there. i don't want to buy it at 2 2 i don't want to buy it at 2 2 - 20 or 22. let it get sloppy. >> i'm curious why people take this ipo price and say -- we're talking about valuation. >> i just think that you may have an opportunity when sentiment gets really, really poor to take a shot at it. >> you would like it more than facebook? i don't get it that when you're buying a very similar thing at a way higher price than facebook. >> if you think snap is done with the two months after the ipo, no way. let me tell you something, roger, i saw him in -- dallas playing california last month, they're fast. >> f-a-w. >>> rejecting the new billion dollar arthritis drug. we'll have a spe

caroline: we will continue with roger mcnamee ahead.ompany calleda streetcar communications in an all stock deal. straight path is one of the largest holders of a certain type of spectrum u.s. regulators have approved to power 5g wireless services. they are hoping to better compete with faster internet speeds. this is the second such acquisition for at&t this year. coming up, toshiba reports earnings results after delaying the report twice. we will dig into results and the company's warning about its future. your phone addiction is not entirely your fault. we will talk to one former google employee who says the engineers in silicon valley are the ones creating the obsession. this is bloomberg. ♪ caroline: this week, toshiba reveal doubts about its future after months of dealing with fallout of the bankruptcy of the westinghouse nuclear unit. this westinghouse nuclear power business is so interesting. it has had many problems, many of their own making. a whistleblower suggesting the books were not right. toshiba not really coming clean o

roger mcnamee said there's a storm brewing for two mega cap net stocks.tanking today after the new ar arthritis drug. the dow surging more than