let's bring in sarah frier. joining us today in new york, great to have you with us. we continue to see this testimony go on in the house. how has mark zuckerberg performed so far? sarah: it has been a much tougher testimony. in april of last year, his first testimony, 10 hours of grilling. generally, lawmakers were criticized for not knowing much about how facebook's business work. this time, they came with questions, were more informed about facebook's weak spots, as we are all now. they are not just asking about libra but discrimination, content that is full of misinformation from politicians, -- they are asking about all of these issues that facebook is dealing with. zuckerberg is giving a lot of the same answers he has always given, but not to their satisfaction. is trying to convince lawmakers facebook can go ahead with libra, is responsible enough to do it. what's interesting, he is now playing the china card. if facebook does not come in with libra, the chinese could be the u.s. when it comes to this market. sarah: he had this lofty pitch for lawmakers that lib

for more, i bring in sarah frier who covers facebook. what do you make of that statement? hink it is really hitting on zuckerberg in an interesting way because zuckerberg is talking about -- we saw him in georgetown last week. we saw him in the halls of congress saying it is all about free speech. that allowing politicians to speak on issues the matter what they say is important for the marketplace. employees are hitting back and saying it is not about censorship at all. it is the way facebook itself amplifies certain ideas, allows people to pay to have their message known. allows people to target very specifically who their ads can reach and when those ads reach a very small audience of people who are likely to be receptive to them, there really is not a marketplace of ideas checking the politicians on those comments. so, i think it was a very smart internal look at the ways that facebook not just allows speech, but amplifies it. facebook does not have this happen at its company. it's a very transparent, open workplace where people are constantly talking about all the issu

and also with us, sarah frier. sarah, let me start with you. what did we learn about these emails and what zuckerberg said about recommending some hires to the campaign of mr. pete buttigieg? sarah: we learned zuckerberg, he has this relationship existing. and even despite becoming a punching bag for other democratic candidates, namely joe biden and elizabeth warren and even despite concerns from the conservative side about whether he might be biased, he has chosen to give some support to a presidential campaign. i think whether or not this is an endorsement, it is still a rare move in the direction of helping someone out. i think that we should not over read into it but we should note this is a powerful person working behind the scenes on behalf of a presidential candidate to help them out. taylor: jeannie, you say while it is not illegal, it may not be wise. explain what you mean by that. >> it is a risky strategy. and i'm starting to have questions about mark zuckerberg and facebook strategy and some of these instances. we talked last week t

joining me to discuss it all is sarah frier who covers facebook for us. comer, who covers the intersection of tech and politics. on the phone, iona college political science professor and a senior advisor. sarah, let me start with you. talk to us how we got here with this fight between facebook and elizabeth warren. sarah: we are looking at this fight about what impact facebook has on the election. facebook has an algorithm that suddenly can manipulate what we see in their feed. they have these rules that they apply about what can come down. warren is calling them out by saying by taking no action, they are actually taking action. the funniest thing was facebook responded to this by tweeting sayinginst warren and the fcc does not want broadcasters to discriminate on candidates' ads, so we don't want to either. warren clapped back and said you are making my point. you are not regulated. taylor: we have the tweet showing the fcc, basically what elizabeth warren is saying, you are making my point. is up to you whether you take the money to promote lies. again

taylor: that was the general counsel for net choice and bloomberg's sarah frier.sident trump's impeachment inquiry takes center stage in washington. will that affect the various antitrust probes? we explored the reach of federal resources. and later, the big 5g rollout. we hear from the verizon ceo. this is bloomberg. ♪ taylor: the millennial mainstay forever 21 has filed for bankruptcy. the fashion retailer says it has to pay $350 million in financing to stay afloat. but the bankruptcy shows another sign of the punishing pressures of the broader retail apocalypse when the rise of e-commerce siphons shoppers. for more, i caught up with a bloomberg opinions columnist. >> they said in e-commerce comprised 60% of their sales in a court filing, and that would be a lower penetration then we see for the apparel business overall. you just don't have to look that far to see the companies that are eating forever 20 ones -- 2 1's lunch. fashion anova is one -- nova is one, tailored to instagram from the start, and forever 21 has suffered at the hands of brands like that. ta

we want to bring in sarah frier, who covers facebook for bloomberg. i was interested in bill foster, the representative from illinois , who said he is the only ai programmer up their. specific questions about whether you could transact anonymously, reverse transactions. mark zuckerberg didn't have answers. is that because they did not develop as yet? sarah: everything here is hypothetical. those questions are simple. can you get a refund? can you get money from someone if you don't know who they are? code, which he says he has looked at, it seems possible. there could be some issues. but zuckerberg is not ready to answer those questions. he is not really ready to talk about much of the specifics at all because he does not want to say anything that would endanger the project. it is so hypothetical and it really speaks to the fact that this hearing is not about libra really, it's about bringing zuckerberg in, having an excuse to get him on the hill and question him. other issue that mark zuckerberg has emphasized, china. the reason we have to do this, i

lobbying group that represents big tech companies like facebook and google, a guest, and with me is sarah friero covers facebook for us. so first, sarah, give us your take on what zuckerberg is saying, that they are ready to fight. >> if you look at the way they are going, they had a fine from the ftc this year, which was a slap on the wrist in many respects. he has had a pretty good track record of coming up against the u.s. government and winning, so it is not surprising to me that he thinks it would totally also," in his words, but a little surprising to be declaring victory so soon before it happens. taylor: yes. let me bring you in here. from your perspective, how concerned are you about companies like facebook and big tech when they think about someone like elizabeth warren getting the presidency. >> thank you for having me. what you are seeing is mark zuckerberg being very transparent at excited about what is going on. there are a lot of businesses, not just in the tech sector but across the spectrum that are worried about the notion of just being broken up because they are big, and what

: for more on what to expect from mark zuckerberg, we're joined here in new york by bloomberg's sarah frier. this has been a long time coming. congress has been trying to get facebook back in front of them. i was looking at the list of things they plan to talk about. this is going to go a lot deeper than leeb i can't. sarah: way deerp. once zuckerberg is up there defending that idea, it is going to be open season, really. anyone can ask him about anything. they can ask him about his political advertising rules. they can ask him about discrimination and facebook, which is another big topic the committee wants to focus on. they can ask him about the 2020 election and whether facebook s the protectionses it needs to make sure there's not another round of interference in foreign government in that election. we expect zuckerberg on the hot seat for many hours. guy: sarah, has zuckerberg made of error being the face libra? you wonder why facebook is so synonymous with leeb aand whether or not that's a mistake. sarah: that's another thing that facebook has been saying openly. maybe we're not the r

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