i want to bring in sarah frier. small developing's today. dge has been designed -- a judge has been assigned to the case. what is the latest we know? sarah: this is essentially the worst thing that could happen to facebook because instagram and whatsapp are there future. not is what --they have asked for much revenue from whatsapp because they are trying to build the right kind of business model. they have really taken their time with trying to play these out, and in the next few years, this is when it is going to happen, and these are also the years that the fcc is asking that these companies get broken apart. now, it would be very technically difficult for facebook to do this. first, facebook came out with a response saying that the fcc already approved these deals or at least let these deals go through in 2012 and 2014. to ask for them to be undone now would have a chilling effect on the market. emily: so, how bad would a breakup be? this is not what mark zuckerberg ,ants, but it is a huge company and if they spin off instagram, how much w

fory: sarah frier, thanks following that story for us. it for this edition of "bloomberg technology." "wall street week" with david withn is coming up next the reality of surging covid cases and vaccines. that is all for today. i'm emily chang in san francisco. this is bloomberg. have a wonderful weekend, everyone. ♪ economyn uncertain meets the promise of a vaccine. the markets take the over on that vet. welcome to "wall street week." i am david westin. this week, larry summers, gillian tett, and stephanie flanders of bloomberg economics. >> many governments around the world have amount of debt higher than before. david: roger altman of evercore. >> we could see an extremely strong second half of 2021. and i.h.s.yorke markets.

sarah frier mckinsey ft book of the year. ♪ it's moving day.er friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move your xfinity services without breaking a sweat. now that's simple, easy, awesome. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. tom: this morning, stocks are resilient, near record highs. the growth surges against the dollar. your threerating standard deviations. scream?they pacific rim currencies advance as well. trump advances against the attorney general. a mr. bar make it to the white house christmas party? in america, record pandemic deaths no worse than april. good morning, "bloomberg surveillance." tom and francine lacqua. if iine, we just saw -- have a "game of thrones" something, eu diplomatic headlines about crossing redlines. the whole brexit thing, is the or can thete 12/31 can migrate into 2021?

you know, well-meaning, legitimate businesses -- my colleague sarah frier wrote a piece over the weekendn get caught up in some of that. i believe some ads from legitimate businesses were taken down. you are trying to balance ai and human intervention at facebook. as you continue to build the company and fight this stuff, how do you intend to manage those trade-offs? naomi: i think the answer is people and technology. we have over 35,000 people working on safety and security. we're also investing billions of dollars in building the latest technology to proactively identify a lot of the content. i think the answer will require both people and technology. emily: so, what is going to be next? you are in such an interesting place at the company. the head of product and the head of facebook for good, and trying to bridge these two organizations. where did you want to take the product? and continue to be a force for good? naomi: i did form the social good team and i am so excited about what's coming next. in the past five years, the community has raised over $3 billion for nonprofits and perso

tom: sarah frier has her fabulous book of the year with the mckinsey award on instagram. we will use her as her resource. i had the clearest memory across the bloomberg terminal of a single quiet headlight on an afternoon. doj drops case against microsoft. i have read a lot of good opinions both ways on this. what i don't understand is how you apply traditional american monopoly theory to the network externalities of this modern corporation. they have to make up a whole new body of law if they prosecute this. jonathan: what is the abramowitz take? lisa: this is a very different case. facebookevidence at that they knew the threat of instagram and whatsapp. they said if we do not buy this, it could be a game changer and a business killer. the question i have is, why was the deal approved? they couldact that have had the information at the time, can they go back and undo some things that frankly doesn't like it was anticompetitive and it's was it way? tom: if you technologies by sikorsky, the helicopter we use once or twice a week, if you tx buys sikorsky, is that a bad thin