sarah frier joins us now from san francisco. what exactly is facebook trying ?oneer here what is what is facebook working on when it comes to video chat? sarah: they are working on a screen that is the size of your laptop that would fit in your home and you can use it to have more immersive conversations with the people in your life. basically it would have a touchscreen and a very sophisticated camera that they are working on that would zero in on movement in the room. and it would basically allow people to feel like they are in the room with each other when they talk. david: facebook has bought oculus and spent a few billion dollars on that company. they got hardware through that acquisition. how is this a departure from that? this was something made and grown in-house? sarah: building eight is this hardware lab that the company started last year. they hired dugan over from google. it has been filling with people very experienced. what they are trying to do is trying to solve some of the issues of communication in very social ways. regina dugan was speaking at

caroline: sarah frier, always great to get your analysis.c.e.o., david kirkpatrick, you are sticking around. coming up, the debate over who is responsible for social media posts that pits congress against silicon valley. this weekend, we bring you our best interviews from the week including our exclusive conversations. tune in this saturday for "the best of bloomberg technology." this is bloomberg. ♪ caroline: the debate over who is responsible for what people post on social media has been reignited. in the u.s., a new bill proposed would make it easier for state attorneys to go after tech companies accused of not doing enough to combat content. joining me to discuss is the c.e.o. of the internet association, the group that represents companies like airbnb and google. great to have you joining the show. section 230, the communications decency act, a 20-year-old statute. this is what is looking to be overturned. what do you believe it could do in terms of the publisher's immunity or lack there of? first let me say that companies like that pag

sarah frier, great reporting by the tech team.h facebook, the company is acquiring and ai startup, seen as a way to boost its virtual assistant in the messenger app. they are expected to move into the messenger team at facebook. amazon is known as a major disruptor from consumer electronics to streaming services.by the next big push may put the likes of paypal and visa on notice. later, bitcoin has split. what it means for investors in the digital currency. this is bloomberg. ♪ emily: now to a stock we are watching. canadian e-commerce platform shopify beat analyst revenue estimates for a ninth straight quarter. over $150 million in sales, beating the estimate of $144 million. growth comes as spending continues to shift from physical stores to online retailers. amazon has it on the disruption path for quite some time now, as we were just discussing. from the shift into consumer electronics, pitting it against apple and google, to the multibillion-dollar acquisition of whole foods. what is next? according to a bernstein senior rese

emily: that was sarah frier and julie hast.is edition of the best of "liberal technology." we will bring you technology throughout the week including earnings from from disney and snap. remember all episodes of bloomberg technology are live streaming on twitter. check us out at bloomberg tech tv. that is all for now. this is bloomberg. ♪ ♪ david: what was the strategy that you used? paul: i was completely determined to recapture my parents' money. that i had lost. david: how does somebody raise $5 billion in 24 hours? paul: it was first come, first serve. david: you have the image of being a person that strikes fear into a lot of ceos. some people are probably afraid they will get a call from paul singer. paul: it does not bother me. david: if somebody invested in the very beginning, what would the rate of return that would have been compounded? paul: one dollar became $160. david: is it too late to invest retroactively in that? [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie wa

emily: that was sarah frier and julie hast.s it for this edition of the best of bloomberg technology. we will bring you technology throughout the week including earnings from from disney and snap. to need niche day 5 p.m. in new york and 2:00 p.m. from san francisco. . check us out at bloomberg tech tv. that is all for now. this is bloomberg. ♪ ♪ >> welcome to "bloomberg businessweek." >> we are coming to you from inside the magazine's headquarters in new york. >> inside president trump's chaotic white house. >> and how brothers managed to turn lines of code into millions of dollars. >> and uncovering power brokers. >> all that ahead on "bloomberg businessweek." ♪

emily: that was sarah frier. competition in the streaming space is set to get intense.llion spending on original content in 2018 will allow it to produce 10 shows. while it may seem that apple is using deep pockets to launch shows, it is entering a crowded field dominated by netflix and amazon. to weigholff, joins us in on the new media landscape. >> apple brings a lot to this party. they have devices, people watching video on their phones and on apple tv and computers. at the same time -- they have a lot of data. they know what people are watching and people are doing. at the same time, it is very difficult to produce hit tv shows. youtube is using data to be able to decide what shows they will produce. for example, they are doing a spinoff of the karate kid because they know people are watching old clips of the karate kid or doing shows about dancing because they know what people are looking at. in apple's case, it is not as easy as going to the video store or the content store is saying, serve me up some hit series. it is very difficult. to know what to produce -- th

sarah frier covers the company for us. quite fascinating. s facebook's attempt to get viewers to talk about the videos as they occur. it is more episodic content, short video content, the likes of which you might find on youtube. some of it is more reality tv. some of it is more exploratory. there is a whole series where people go to try to taste the best teas in the world. they are hoping what people will do in this watch section is look at videos, recommend them to their friends, comment on them as they are happening, and come back again as the next episodes show. caroline: is this aimed at millennials? who is the competition here -- is it amazon, netflix, youtube? sarah: from what we have seen in the market, it seems like it is youtube, similar in terms of the social aspect of it. on facebook they say they are set apart by the fact that your whole social network is on facebook. it may be more of a fan-based thing. this is internet-style content, as opposed to what we have seen from netflix and the like. it is partners like vice and the spo

emily: sarah frier of "bloomberg technology," thank you for stopping by.eminding me of my age. coming up, what tech tools can help you navigate the that landscape.- debt that is next. this is bloomberg. ♪ emily: in today's revolving door, jeff jones, the former president of uber, has been named ceo of h&r block. he left after six months of the company. he served as chief marketing officer previously at target. this is part of a digital at the tax preparer. a collaboration with ibm for free online returns .onlineompetes with services like turbotax americans are taking on more debt. levels are the getting close to those during the financial crisis a decade ago. 12 consecutive quarters of rising household debt, led by increases in mortgages and auto loans.but it is not necessarily a doom and gloom scenario. if you look at the ratio of household debt to disposable income, you can see the number dropping, meaning people are more comfortable taking on extra debt. one of the many tech companies looking to help people navigate their futures is nerd while it. allet

i want to bring in sarah frier who covers facebook and other companies.his is something facebook and twitter have been struggling with for a long time. the rules have been vague. they are still vague, but what are they doing now that is new? sarah: well, these companies have for the longest time try to say listen, we are a platform for people to share their views openly. we may disagree with them, but we will only delete them from our platform if they are violent in nature, if they are inciting hate or something that makes other users feel uncomfortable. that hasn't always been the practice for a lot of these accounts. a lot of the white supremacist activity has gone untouched because people haven't flagged it as much or there haven't been events like this in charlottesville, which really highlight the risk here. now these companies are being a little bit more proactive. we saw facebook take down eight groups that were related to neo-nazis that they thought were propagating hate. airbnb are being very proactive. they deleted some people's reservations bec

joining us now for more is bloomberg technology's sarah frier, who covers snapchat.rt that shows trading volume, 49 million shares of snap traded today compared to an average of 15 million. a lot of activity out there, so what is going on? >> it is the first day that some insiders can sell shares, so when you are going from being a private company with a very small valuation, now it is public, but i think the reason we haven't seen the stock dropped his many people were buticting it would drop 1%, not any crazy margin. it is already near its all-time low. it is too close to the earnings report, where people will get a lot more information about the company's trajectory. emily: that is coming up in a couple of weeks. >> that is coming up on august 10. so people are trading, and there is a lot of interest, but there is not a lot of new information. emily: what are we expecting to hear on august 10? >> everyone wants to know about growth, both growth in terms of the user base and in terms of the revenue. the last earnings report, i think you remember, stocks dropped inc

emily: that was bloomberg technology's sarah frier.e streaming space is set to get intense. apple's $1 billion spending on original content in 2018 will allow it to produce 10 shows. while it may seem that apple is using deep pockets to launch original shows, it is interesting -- it is interesting crowded field already dominated by netflix and amazon. michael wolff joined us to weigh in on this new media landscape. michael: apple brings a lot to this party. they have devices, people watching video on their phones and on apple tv and computers. but at the same time, they also got a lot of data and they know what people are watching and they know what people are doing. but at the same time, it is very difficult to produce hit tv shows. youtube is using data to be able to decide what shows they will produce. for example, they are doing a spinoff of "the karate kid," because they know people are watching "of "the karate kid," or doing shows about dancing because they know what people are looking at. in apple's case, it is not as easy as go

we spoke with sarah frier tough to break the story and julie, principal analyst at forrester. >> thisc way video chat, facetime, as you know it, on steroids. it will be a big screen, the size of a laptop on a stick in your living room. that will have a really high end camera, that will allow you to talk with people as if it is a more immersive experience. one of mark zuckerberg's goals for the future is to bring people closer together. they want to come up with technology that would prevent us from having to be tethered to our phones. that we could be in a physical environment, and enjoy our lives, but still feel like other people can share those moments with us. that is the high level. emily: julie, do people want a device like this? julie: i think facebook has to make a play in the hardware space. if you look at where the future growth is going to come, you know, we have 33% of consumers using some kind of virtual assistants or a device in a home today. 8% using a hardware device. voice services and services like , are absolutely critical to future digital experience and facebook ha

sarah frier, bloomberg news.on thursday, sheryl, we will have complete coverage and analysis of those results from snap. that does it for "bloomberg technology." this is bloomberg. we will see you tomorrow. got you outnumbered. the dinosaurs' extinction... don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. find your awesome with the xfinity stream app. included with xfinity tv. more to stream to every screen. >> the following is a paid program. >> the following is a paid advertisement for time life's music collection. bowzer: hey, i am bowzer. i used to be in sha na na. now i have bowzer's rock 'n roll party. look at this. we have a cool drive-in. we have a cool 1957 chevy and a really cool guy, me. all we need is some rock 'n

we have sarah frier here. snap has said it is not just about instagram. they are perhaps in denial. ooks like instagram is the culprit in their inability to grow revenue and users. sarah: all of those things. it is really tough for them on the user and advertising side. remember that google and facebook have the majority of growth in digital advertising right now. facebook is the one copying a lot of snap's most popular features. although they have been trying to update the app with a their new snapmap to show you where your friends are hanging out, it has not helped accelerate their daily user growth. the company is reporting user growth and revenue that has missed estimates, all across the board. it is tough. went public, everyone was skeptical about that ipo. they just have to prove themselves. now snap is going public and they have to approved of smiles -- they have to prove themselves against facebook. betty: what are they saying to approve -- to prove to investors they have a plan in place? sarah: they said they have been against incumbents, and they have been last to market. h