sheryl sandberg was talking to you about the quality, could that offset?s he really say that growth in other areas won't offset the dollar growth in other areas >> basically, facebook revenue has been growing very quickly, over 50% a quarter but as the company gets bigger, that growth rate is slowing. and one factor that's been driving the growth rate is they've just been able to put more ads out there they've had more space for more ad inventory but sheryl sendberg's comments to me as well as a number of the things said on the quality is if the quality of ads were higher, that's going to have a better experience, higher return on investment for advertisers, and potentially, yes, higher ad rates. we did see the impact of higher add rates in this quarter and higher ad rates, i would expect to be a force driving revenue going forward. they just won't have the room to have higher ad loads >> julia, thank you. julia boorstin from los angeles. after-hours session highs pretty much for facebook here pete najarian, you got into a trade prior to earnings. will you

. >> we're talking about average revenue per user ask sheryl sandberg what's going on there the estimate71 >> it looks like we're calculating $4.63. we will talk to sheryl alexanderburg any moment and bring you all of her comments about what's driving those results in the corner. >> and the shares stand a little more than 3% julia, thank you for now, michael, what do you think? >> very good numbers across the board. you're not going to cripple except on the number and i think there is going to be a focus on cost and whether there is enough kind of earnings leverage right now if they're not monetizing enough in terms of reducing the ad load and the rest of it head count up year over year, that's almost exactly what revenue is up year over year essentially, they're not just harvesting, they're still investing. >> how many employees instagram has now. remember when they were purchased and the whole idea was a 13-person company and this is the sign of what's happening in the economy. >> i wonder right now, is instagram operated as a separate unit or just kind of product b and are they going

facebook coo sheryl sandberg and adam grant give advice for facing adversity in option b. bill o'reilly explores the truth behind larger-than-life characters. it recounts a murder spree that targeted the osage indians. and wrapping up our look at the best nonce fiction books. it recounts a battle that changed the american approach to the war in vietnam. many of these authors have or will be appearing on book tv you can watch them on our website. good afternoon everyone. thanks for coming out on tuesday afternoon. we will just jump right in. and during vietnam and excellent book. without further ado mr. right.

with sheryl sandberg. on moving forward after facing setbacks. they reveal the lifelong struggle with food and body image and hunger. you don't have to say you love me. it retired u.s. navy admiral provides advice for self-improvement and make your bed wrapping up our look at the best selling nonfiction books according to indy bound. it recounts a battle that changed the american approach to the vietnam war. many of these authors have or will be appearing on book tv. you can watch them on our website. hello everybody. welcome to the 33rd annual i would like to give a special thank you to all of our sponsors today's program will be broadcast live if there is time at the end of the q&a session we ask that you go to the microphone so that they back at home can hear it.cr before we begin we also ask that you silence your cell phones and turn off all camera flashes. please welcome our moderator.

i think any opening would be happy to have someone like sheryl sandberg.e: that was uber's west coast head, peter jonas. coming up, we bring you the global head of business travel to get his take on the next year of growth. bloomberg, you can listen on the radio. this is bloomberg. ♪ ♪ alisa: i am alisa parenti in washington and you are watching "bloomberg technology." afghanistan killed a record number of civilians during the first six months of this year according to a u.n. report released today which blamed the majority of 1600 deaths on bombings by insurgents. the u.n. report did commend afghanistan's security forces saying fewer civilians were caught in the crossfire compared to last year. british prime minister theresa may is expected to remind her cabinet tomorrow about the need for privacy after several weeks -- leaks. philip hammond described the book sector workers as overpaid and allegedly made offensive comments. south korea's president is following through on a campaign promise to pursue dialogue with north korea. moon's government has propose

i think any opening would be happy to have someone like sheryl sandberg. that was uber's west coast head, peter jonas. coming up, we bring you the global head of business travel for airbnb to get his take on the next year of growth. if you like bloomberg, you can listen on the radio. this is bloomberg. ♪ >> it is 11:29 a.m. in hong kong. i am all allen. malcolm turnbull has announced a shakeup of national security, creating a new ministry of home affairs that combines authority over federal police, security, intelligence, and the border force in one portfolio. the opposition party calls it a lurch towards a police state. brazilian judge has denied a request for companies and individuals related to a dam disaster to pay financial guarantees. and vale do not have to pay while the case is being tried. 21 people face charges, including murder. 91 people killed when the dam collapsed. makers voting for a new president. governor of the eastern state and a longtime associate of a hindu group accused of stoking religious hatred. the votes will be counted on thursd

they would see sheryl sandberg and dan whitman but those are not necessarily relatable.ally need the chance to meet real women that are in the field entry level miarcience st. the interest ow network not just scientists but engineers and some more studying double majoring in english and computer science or information science and sociology. it was a very diverse group of women. most have a program called the c++ ambassador program. what they were doing was they were paying it forward. we saw this a lot. they wanted to inspire the next generation of girls and tech. these programs go off to different communities around the united states and they find young high school girls who are interested in engineering or s.t.e.m. or technology, girls interested in s.t.e.m. and they say i want you to start a program in a local community that encourages or inspires other kids to get involved in s.t.e.m.. i have two daughters. we live in northern california north of san francisco and one of the girls i met started a robotics program at the school in my little town by little library in s

a look at the best-selling nonfiction books continues with ceo sheryl sandberg and adam grants advice and moving forward after facing setbacks in "option b. next, roxanne looks at her lifelong struggle with food and body image in "hunger". a retired u.s. navy admiral provides advice for self-improvement in "make your bed. wrapping up the look at the best-selling nonfiction books according to indy bound, is a book by mark boutin which recounts a battle that change the american approach to the vietnam war. many of these authors have, or will be appearing on book tv. you can wash them on our website, booktv.org. >> book tv recently visited capitol hill task members of congress with their reading the summer. >> i'm reading a book i'm really enjoying, tom friedman's latest, thank you for

julia: emily chang spoke to sheryl sandberg. emily, what did she have to say?ndberg frier talked about what really drove the numbers this order. she focused on engagement and adoption of ad products. facebook surpassing 2 billion that is up,, year-over-year. ad revenue up 47%, year-over-year. they are seeing 15 million new business profiles on instagram. they have slowly but surely ramping up instagram. they do not break up that revenue, but it is contributing meaningfully to the bottom line. they estimate instagram will bring in $3.92 billion this year. compare that to $170 million for all of snapchat. and we had a scoop out that facebook's foray into original television will happen in august. they have been investing in episodic content. i asked about the size of this video opportunity, what it means for the bottom line. take a listen to what she had to say. >> we are seeing a lot of content of viewing and engaging shift to mobile. our goal is to be a platform for content providers to find their audience and monetize. right now we are doing early investing an

. >> as he's white water rafting between tim cook and sheryl sandberg. but we know that donald trump is going to defend his family. what is the gop leadership going to do because they have used the excuse before president trump and his family, they're new to politics. and having ivanka and jared there for example they're the mediating forces in the president's ear. donald trump is saying that anyone would have done this. jared getting deeper and deeper in this, is the gop going to say, yep, everything is okay? >> this is like watching a movie "ishtar." >> far sexier. >> warren beatty. >> look, the gop has to take a stand here. the idea that we discussed that jared kushner would want to set up the back channel for the russians he shouldn't come near national security issues. he shouldn't come anywhere near the palestinian peace plan. and what you're seeing donald trump do, the fact that what he does is he says a lot of things that are true and then mixes them with things that aren't true. so the things that he said is true, yes, oppo research comes into t

emily: listen to what sheryl sandberg told me that drove this quarter's results. >> we had a strong second-quarterand that is case on increased engagement, and increased ability to work with marketers so that they can reach their audiences. we are up 17% year-over-year. that is exciting on a large base. the and revenue is up 40% year-over-year. we are announcing that we have over 15 million business profiles on instagram. that joins a 70 million business pages we have on facebook. emily: they did not break down it seems revenue, but to be contracting meaningfully to the bottom line. that will bring in 3.2 billion dollars -- that is about -- we are hoping to receive some calls about how some of these other platforms are contributing. what do you make of the fact that facebook is experimenting, yet we do not know how they are contributing overall? guest: i don't think there is any question that instagram is proving to be a commercial success as well as a user success. it is an addictive platform. my 25 euro-dollar cannot stop ughter-- 25 year old da cannot stop using it. everyone else that i know at

we described him as the sheryl sandberg of $.10, he joined in 2004, before that, he was working at goldmanhs. he is someone who has really guided this strategy, guided the iternational expansion, helped steer we chat to what it is today. >> i want you to tell me a little bit more about this guy. this is a guy who was offered a job by 10 sent initially after the ipo and he said it was the second job offering. works we have a lot of fun talking to him, lu chen, one of the asian correspondent and i went to visit him in hong kong. this is a unique opportunity. he rarely talks. he reviewed his trajectory and journey into tencent. when he was first given this they tooky back when 10 sent public, they turned down the job, everybody was worried about this thing, could it overcome all of the pessimism and the market, it was a one trick pony, no pun. they were beginning to do deals with the mobilephone operators to get some subscription revenue. later, also why, a year martin lab accepted. with the covers, putting ever -- to be too specific, rocket lab was mentioned in one of the stories. abstract,

. >>> facebook's ceo sheryl sandberg is pushing for public and corporate policies, seeking to crush ther pay gap. she told the bbc that the first step is to pay women well. sandburg suggests that many women underestimate their value. the worst they can do is say no. >> that's true, that's true. good advice. >> 12 minutes before 7:00 and advice if you're heading out the 680. give yourself extra time. >> this is the fourth crash of the morning on 680. this one is right near stoneridge and you can see that traffic is starting to -- stone valley excuse me. this backup is not as impressive as the rest of the delays. if you're making you way through the walnut creek, that's a slow ride. and you're passing north main street. and westbound 24 getting slug issue as well. and southbound 680 down towards 84 in the yellow. a 15 minute ride. that's seen four or five separate accidents and they've just cleared all of the crashes out of the roadway. and still in the red. we're tracking a 25-minute ride as you're making your ride from 28584. san mateo under 20 minutes heading to foster city. the bay br

i've look with facebook ceo sheryl sandberg who explained the strategy. >> we are seeing a lot of contentt shifting to mobile and our goal is to be a platform for content providers to find their audience and monetize it. we are doing some early investing in kickstarting the ecosystem to promote video viewing on facebook. we have a lot of video views on facebook, but not really of that kind which is why we are making an investment. we hope to have content providers creating the content and finding their audience on facebook. to benkly, for facebook producing original content is a major shift, away from the approach they have always that they wanted to take, which was to be a neutral platform for content created by others. typically, when they have defeated from that in the past, they have given up, so i will not be surprised if it doesn't work. to be honest. this?t do you think of >> you have anyone from hulu, hbo, netflix, amazon, all of them buying such content. i think facebook wants to see what will work, and it is a company that has as a part of its culture, experimentation and trying

i just got off the phone with facebook coo sheryl sandberg who explained the strategy. so we are seeing a lot of content viewing and content engagement shifting to mobile and our goal is to be a platform for content providers to find their audience and monetize it. right now, we're doing some early investing in kickstarting the ecosystem to promote more episodic video viewing on facebook. we have a lot of video views on facebook, but not really of that kind which is why we are making an investment. our goal is to become a platform and we hope to have content providers creating the content and finding their audience on facebook. >> frankly, for facebook to be producing original content is a major shift for them away from the approach they have always said they wanted to take, which was to be a neutral platform for content created by others. so typically when i have deviated from that in the past, they have given up, so i will not be surprised if it doesn't work. to be honest. emily cory, what do you think : about facebook as the new netflix? cory: the best thing in americ

they're investing in what sheryl sandberg called an ecosystem for video and content creators that willarting to roll out as soon as august. they've been investing in helping content creators create original content that would live on facebook. there's opportunity there. as facebook starts to go after the $70 billion television advertising market, so they can lure over advertising dollars to their video format and lots of talk about messenger. a billion users but not much revenue. analysts have seen all of these opportunities, levers that facebook has yet to pull, now they're trying to figure out when and how quickly we'll start to see revenue come out of them. >> thank you very much >> clearly they're the masters of mobile and video. i'm curious what they can do to monetize messenger clearly message ser a differeent service. >> they said they would lighten the ads in the news feed >> and whatsapp, there's so many immediate alternatives, simple text messaging, i don't see how they just start throwing adverts at you but who would bet against them because they made everything else work. >

the potential that probably exists there and lastly and most important what mark zuckerberg and sheryl sandberg have proven, in terms of growing this core business that maybe starts to flatten over the next couple of years they're going to buy their way to growth which is what every tech company does i agree on transparency and we're missing another key factor but that's a tiny piece of the overall revenue. the street doesn't want to hear it. >> i would argue that this is not a call that everyone is going to listen to i'm trying to call where the business and the stock is worth. what the specific prices are. >> thank you for joining us. >> more commentary on the desk let's boil it down to that. >> if you own it you continue to hold it. i'm not in the stock and i'm wondering if i should be the thing that stands out the most, 2 billion users. tv is a better medium to getting to people. i don't get that this is a 2 billion user base. 139 2 times price attorneyings to growth ratio this is very attractively priced. it goes higher from here >> it's sort of taking a page off. why couldn't it happen to

he is the sheryl sandberg of tencent. 2004, before that he was working at goldman sachs and helps takeencent public. he really guided the strategy and guided the international expansion, created the culture at tencent and helped steer we chat to what it is today. carol: it's funny you say that, i want to tell me more about this guy, he's very important. this is the guy he was offered a job by tencent after the ipo and said no thanks. it took the second job offering. brett: we have a lot of fun talking to him. one of our asian tech correspondent and i went to visit martin lau in hong kong and this is a unique opportunity. withrely talks and we sat him in their hong kong office and he reviewed his trajectory and his journey into tencent. it's true, when he was first given this opportunity by pony ma and his cofounders back when they were taking tencent public, he turned down the job. everybody was a little worried about this thing. could it overcome all of pessimism in the market? it was a one trick pony, no pun with the founder's name, but they were beginning to do deals with mobile pho

video, when sheryl sandberg says episodic video viewing, does she mean episodes of television? charging commercials like we do on a tv network? >> exactly it's two prongs. one is the short-form content they're trying to do, which is on the cheap the long-form more premium types of experiences we will startiversary th promotional data plans the average revenue per user has been slowing for four quarters so they will need new levers like video to yuf soffset the decline. what do you think the stock is worth? >> theoretically you can make the case for at least 25% higher from here. i'm neutral rated becaus af aforementioned risks, but it's not that hard to sharpen your pencil >> in terms of a value play, how do you compare this to google to snap, we have not mentioned snap yet. >> yeah. >> or even twitter >> i think google is without question the most favorable risk/reward tradeoff it is trading ten times ebita. numbers continued to grow. commentary from them on the new growth levers like youtube and hardware will be -- and the cloud are bullish. when you consider facebook, there'

you're not going to get a sheryl sandberg to show up, something like that is never going to do that. you have all these christian staff, even drivers but somebody with a logistically complex company that has this mind share. >>. >> i think that they are going to get sold. >> two? >> they can't compete as a self driving area, they can't do it. or not the most brilliant. there's a players and be players and now they don't have the eight players anymore and they managed to create one of the most toxic cultures i've ever seen. so it's just like, i don't know who could go in and you have this ceo floating around saying i really need to, this drives me not. uber needs to get to uber 2.0 and travis needs to get to travis 2.0. it's all going to rest on his shoulders and that mentality, it's so silicon valley and i think you're someone who created most of the damage not taking responsibility for it, not having any kind of sorry, there's not a real sorry and i don't want, you don't need to prostrate yourself but david monaghan, everything in that joke i think the mets let something slightly di

middle of now is option b, how to build resiliency and deal with laws and find joy in life by sheryl sandberg as you know she lost her husband a little over a year ago and to this book is a great way to give some helpful lessons and suggestion from people can learn to cope with loss and learn to live again. that's been a very eye-opening book. one of the books i'm calmly reading with my eight-year-old son this summer by the graphic novels march by john lewis, a colleague of mine which talks about the civil rights movement and my site is transfixed by the stories in the book and images in the book, talking about how people fought for civil rights and equality in this country. one of the books on my to relist that of a getting to a little bit later in the summer is theft by finding. i very much looking forward to reading that book. and also a bit of a historical book, it is churchill and orwell, the fight for freedom. so i'll be reading that to kind of bone up a little bit on my history. >> booktv wants to know what you are reading. send us your summer reading list via twitter @booktv or instag

emily: my interview with facebook coo sheryl sandberg. alphabet was out with earnings this week.evenue for the search giant coming in $26 billion, up 21% year over year. but aggregate costs per click dropped 23% from a year ago. that includes the effect from the $2.7 billion fine from the european competition commission. "it is so early in our analysis of this decision that it is an ongoing legal matter. they have not decided yet if they will appeal." we discussed this with our analysts. >> i think the reason the stock is down is because of the traffic acquisition costs. the company has been warning us for some time that as they shift away from ads on a mobile device and programs and ads on youtube, they are on an apple iphone and we see ads -- programmatic ads. outre seeing ads within and -- an app, and those are done by google. they are making sales calls, bringing in those ads, and they are selling them to apple. it is more expensive to acquire that traffic than it is to acquire iphone users, for example, for google. so there acquisition costs had been rising. emily: this is m

more on facebook and twitter, let's send it out to our own julia who did speak with facebook's sheryl sandberg after the company's reports, what are some of the highlights, good morning, julia >> it's a tale of two very different social media companies. twitter shares tanking on the company's failure to add more monthly active users in the quarter. the company's better than expected earnings and revenue and twitter ceo jack dorsey's focus on a 12% increase on failing to turn around twitter's stock. now it's a very different story for facebook shares soaring more than 5% after adding nearly as many monthly active users in the past year as twitter has in total facebook beating expectations on the top and bottom line as well as on that user growth i spoke to sheryl sandberg last night about what's driving results. >> people are using our products and services to share and community and build community on their mobile phones. we're excited to announce today that we have over 15 million businesses using business profiles on instagram and that joins our 70 million pages on facebook so for facebook a

we described him as the michelle sheryl sandberg of tencent.efore that he worked at goldman sachs and he helped take tencent public. he guided the international expansion, created a culture at tencent, and help steer we chat to what it is today. carol: i want you to tell me more about this guy because he is obviously important to tencent's next step. he was offered a job and said no thanks. it was the second job offering? brad: we had a lot of fun talking to him. lulu chen and i went to visit martin in hong kong. lulu chen of our asian tech i wentorrespondence and to visit martin lau in hong kong. this was a unique opportunity. he rarely talks. we sat in their hong kong office and he reviewed his trajectory and his journey into tencent. when he was first given the opportunity by pony ma back when they were taking tencent, he turned down the job. could it overcome the pessimism in the market? it was a one trick pony, no pun intended. they were doing deals with mobile phone operators in china to get the prescription revenue. that is why there was

you're not going to get sheryl sandberg to show up.o you have all these problems with attrition and keeping staff and drivers happy that this is such a logistical complex company to have the mind share -- [inaudible] and i think they are going to get sold to google. they can't compete in this area they just can't. there's a and b. players and now they don't have the eight players anymore and they've managed to create one of the most toxic cultures i've seen. i don't know who could go in and out you have a ceo floating around saying uber needs to get to uber 2.0 and travesty to get to travis 2.0 like it's all going to rest on his cheeses like shoulders, and that mentality is so silicon valley. he's someone who created most of the damage not taking responsibility for it or having any kind of sorry. david omdurman i think he meant something slightly different talking about having discussions with women. a bad stupid joke at the wrong time but he quit immediately. he did the right thing. he knew he would be a distraction. one single stupid

>> serena williams has been incredible sheryl sandberg introduced many he to serena what i love abouta, she's somebody who has been dominating her industry for almost 20 careers. no one would have predicted an african-american girl from compton, california, would win more majors in tennis than any other player in history. she has a strong voice. >> she knows how to win indeed sorry to cut you off we've got to go. hope to have you back soon tnks for having me. >> we're back in a minute. [ indistinct chatter ] [ intense music playing ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the gle350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your fi

book that i'm in the middle of now is "option b" that's by sheryl sandberg. as you know she lost her husband a little over a year ago and so this book is a great way to give some helpful lessons and suggestions for how people can learn to cope with loss and learn to live again and that's been a eye-opening book. one of the books i'm currently reading with my 8-year old son are the graphic novels march by john lewis, a colleague of mine that talks about the civil rights movement and my son's stress fixed by the stories in the book and the images in the book talking about how people fought for civil rights and equality. one of the books on my to read list that i will get to later in the summer is "theft by finding" .. >> television for serious readers. >>. [inaudible conversation] hello, can you hear me? good evening everyone. just a bit of housekeeping. please silence your cell phone. we don't want them serenading while david king is talking. also, we have c-span is filming us so if later at the question and answer portion if you would please go to the mic on