emily: many of the board members predate sheryl sandberg and her proprietorship.rd as well. brian is alluding to another story about the u.k. parliament seeing the internal facebook documents as part of the investigation into the cambridge analytica scandal which is kind of huge that we are seeing another government take such extreme action. walk us through what happened. >> it's complicated. you have to go back four years when a company sued facebook saying it was favoring some app developers over others and that it was being inauthentic in how it communicated. that lawsuit was here in california. the company obtained internal facebook communications. fast forward to last week when the british parliament was very upset over zuckerberg's failure to testify in the u.k. so that the testimony was disingenuous. they went and got the founder of app company, 643, and got him to turn over those internal it could be internal documents. -- got him to turn over those internal documents. it could be internal communications among executives about how facebook obtains informat

emily: we know you are friends with sheryl sandberg.w it is tough to answer this question, but what do you think they could be doing differently? john: this is where i am believer in replicatable playbooks. the first thing you do is determine how much was external and how much was internal, how long it will last, how deep you will be, then outline your strategy can paint the picture of what your company should look like coming out. it is important all high companies and leaders do that. they realize that in today's world you have to be very transparent and because it will get out anyhow. you have to be realistic that you can't reform government. how do we work towards legitimate goals? you have to build trust relationships and a track record of doing it. the minute you find yourself with a major challenge in front of you, you realize how serious it will be. i think silicon valley is struggling tech versus good versus bad, and are we a force for the good for the majority of america and around the world? i think we can be, but we have los

pressure is rising on sheryl sandberg for her particular role.rg spoke to eight current and former employees from her side of the organization. some now blame her for facebook's woes. they say it is time for her to prioritize her section. bright tweezer, senior analyst at pivotal research and brad stone joined us monday to discuss. that the to say nuances were really useful. anyone that has not read the article showed. the bigger point around sandberg said that it does occur to me if has been so constrained in her role because she does not have absolute control over facebook if she has any control over her own self. that is what you focus on if you are never going to have complete autonomy over the whole company. whilew out two things -- there is elevated criticism around sandberg right now, there was appropriately some elevated concern about her last year. facebook had a -- that is a problem. when they are advertising products that are actively misleading their customers, that is a problem. when they are consistently having metrics issues, again

. >>> formera taking subtle stab at sheryl sandberg while on her book tour. >>> snl's pete davidson strikes back against internet bullies. >>> plus you won't believe how much the highest paid stars of youtube are raking in. "early today" starts right now. ♪ >>> good tuesday morning. i'm frances rivera. >> and i'm phillip mena. the remains of president george h.w. bush are in washington, d.c. this morning, lying in state at the capitol rotunda. after a brief ceremony with family and dignitaries, members of the public came in by the thousands to pay their final respects to the nation's 41st president. >> and back in bush's hometown of houston, mayor sylvester turner hosted a public memorial to pay tribute to 41. the mayor calling him an influential and important neighbor who was at the sa imtime do time down to earth. nbc's jay gray has more on the first day of mourning. pausing to say good-bye, president trump and first lady melania as former psitime. >> inhe finest qualities of our nation and of humankind. >> reporter: dignitaries, family and friends honoring his lifetime of service as a fi

listen to what sheryl sandberg said about personal data act in april.: we know we did not good enough job protecting people's data. i am really sorry for that and mark is sorry for that. now what we are doing is taking really strong actions. emily: that is from an interview i did with her several months ago. since then, more and more revelations and indications that facebook has not been transparent with these revelations. how are the statements of facebook executives testifying before lawmakers, the lobbying they are doing on capitol hill, how is that impacting the actions we are seen being taken here by the u.s. government? matthew: i don't dig it will have a significant impact that all. it may be hurting the company. as the stories come out, the momentum is against the company. stories like the new york times stories last night. the stories from d.c., it will the pressure on regulators. first at the federal trade commission, those in other states tend to really go after the company. then, looming behind it is congress getting ready to look seriously

i think that's all the time we have for sheryl sandberg.m really curious to hear from our listeners if there's any people who are involved in "lean in" circles are fans of hers and what they think. if you're listening you have thoughts, e-mail us. next up, we are so excited to welcome celeste ng to the show, author of the 2014 novel everything i never told you. her second and most recent novel "little fires everywhere" came on in 2017. i recommended it on the show a few weeks back. it's a brilliant book. please welcome to the stage, celeste ng. [cheers and applause] thank you so much for joining us. >> thank you for having me on. we read your book. i loved in particular the way you write about motherhood in the book. one of my favorite spot lines in the novel is the one about this young chinese immigrant who gives birth to a baby girl because she's living in poverty and oppressed in any number of fact there is she leaves the baby at the fire station, the likable traits to adopt a baby. she takes them to court. one of the thing i love best a

brian: i think the idea that the person would report through sheryl sandberg.isunderstood it. but i would throw this out, the big issue is a board level issue. let's go back to the days of yahoo! and marissa mayer. for all of the criticism that she rightfully deserved, after about two years, this was no longer mayer's fault. it was the board's fault. to be clear, the problem at facebook had been pretty obvious. if they are obvious to the president of the united states in 2016 who told zuckerberg that you have problems, they have had over two years at least of problems that have been systemic. the board has to have been aware for quite a while. then the question becomes what do the independent directors do? they are the ones in the best position to get to the root of the problem, to figure out what is best for the company. the fact is if the company is in fact entirely dependent on mark zuckerberg, that is not a company. that is a sole proprietorship. emily: many of the board members predate sandberg and her joining the board as well. brian is alluding to anothe

david: as you talk with the sheryl sandbergs, mark zuckerbergs of the world, what is the discussion tovoid the appearance you're getting dragged kicking and screaming? david: let's talk about the tech world and how it interacts with the rest of the world. david: let's talk about the tech world and how it interacts with the rest of the world. what are the moral obligations of the tech world at this point as it has become a big business, to the rest of us? reid: that is a chapter we have, what is responsible blitzscaling? i think one thing the tech world has been learning, we are not just the disruptors, we are becoming part of the infrastructure, the social and logistics infrastructure. as we become part of the infrastructure, our responsibilities change. we can't just say, trust us, we will build new products. we have to be transparent, be in dialogue with society, and be more transparent. david: facebook, twitter, whatever social media we are on. at the same time, there are some real questions being raised. can we trust these people? is there a branding problem? reid: i think there is

sheryl sandberg had employees look into the billionaire's holdings of the company. asoning was that sandberg wanted to determine whether soros who had criticized the network at the economic forum, had a financial reason to do so. this is the latest revelation calling into question facebook's leadership and actions during this time of crisis. in washington, we have sarah miller, the deputy director of the open markets institution and the spokesperson for freedom of facebook and anti-facebook coalition. in the studio we have sarah frier of course. what is the real problem here? is it that sheryl sandberg asked employees to do ch on the financial connections or financial interests of george soros as a pertains to facebook, or that facebook's explanation of what happened and who knew what when keeps shifting. sarah f.: it is the latter. anyone who runs the company wants to know the criticism that there company has an this is an instance where sandberg initially decide -- denied knowing anything about the research firm that ultimately linked soros to the freedom of facebo

new york this week, speaking candidly about work/life balance but taking a perceived swipe at sheryl sandbergs stephanie gosk. >> reporter: it was an intimate conversation with michelle obama. what the crowd got was the former first lady unfiltered. according to multiple people who attended, obama had this to say about marriage. "that whole so you can have it all, nope, not at s doesn't work all the time." laughter reportedly erupted in the arena. >> often times it's not equal and you feel a bit resentful about it. and so then it's time to go to marriage counseling. >> reporter: obama seemingly taking a swipe at facebook ceo sheryl sandberg's best-selling book "lean in." >> we don't let our voices be loud enough. >> reporter: her book was a best-seller and so is michelle obama's. her memoir "becoming" leapt to the top of the best-seller list for 2018. her book tour events have been packed. the 54-year-old first lady sometimesdropping t formalities. >> one of the keys to a successful marriage is separate bathrooms. when he enters my bathroom, sometimes i'm like why are you in here? >> that sen

david: sheryl sandberg has gotten a lot of bad press.o doesn't like her has been talking to the "new york times." >> i think if you are going back to the lean-in movement, that's a big deal. her role with facebook and her connection to waishes an issue but this is a separate the conversation. >> facebook is a target as well. david: that was a wonderful discussion. great hour. that does it for bulls and bears. we'll see you tomorrow. our expectation is phase one will be implemented immediately. >> we have to make sure there is enforcement on any so-called agreement. >> that's part of the negotiation with specific time frames fan specific commitments. we are covering more ground than ever, they are more cooperative than ever. >> there will be penalties if china doesn't meet the timelines in the commitments. liz: a report chinas

david: as you talk with sheryl sandbergs and mark zuckerbergs of the world, how do you get in front ofhis instead of the appearance you are being dragged kicking and screaming? david: so let's talk about the tech world. what are the obligations, the moral obligations, of the tech world as it has become a very big business for the rest of us? reid: it is one of the chapters will in the book "blitzscaling"" what is responsible blitzscaling? i think the thing the tech industry has been learning is oh, we are not just challengers to disruptors. we are becoming part of the social and logistics infrastructure. as we have become part of that infrastructure and we get to scale, our responsibilities will change. we can't just say hey, trust us, we're building new products. we have to be transparent. we have to be in dialogue with are society. you we have to be more careful about which risks we take because we have a greater impact with that. david: does technology have a brand problem? we love facebook or twitter, whatever social media we're on, but at the same time, there are questions being r

for the answer and you got this, but what sheryl sandberg is leaving outa and this is what mrs.oing through it is not just about us as individuals, but you have cultural and structural barriers and you more single working moms supporting the family, and we don't have affordable child care in the country. we don't have enough jobs that coincide with the school schedules and if you want to have top-top jobs and more women are not ceos, well, when the kocorp rat structure was design, it has the thought that business leaders are going to run the business and someone else in the life takes care of the family and look at the industries like law professions, because that job is all billable hours and if you want to be big in corporate america, you will be on the plane for 30 hours a week, and then people on the hill, it is a churl issue and the guys and the family leaders, did they ever say, i want to have it all? and michelle obama is not saying that you cannot have et all, but she is saying that you can with be extraordinarily accomplished at different periods in your life. >> and wh

book tour this week speaking candidly about work life balance but taking a perceived swipe at sheryl sandbergre is stephanie gosk. >> reporter: it was an intimate conversation with michelle obama. erhat the crowd got was the foirst lady unfiltered. obama had this to say about marriage, that whole soou can have it all, nope, not at the me time. that's a lie and it's not always enough to lean in because that doesn't work all the time and laughter reportedly erupted in the arena. >> often times you feel a bit resentful t ab, and so then it's time to go to marriage counseling. >> reporter: obama seemingly taking a sheryl sandberg's eo movie "lean in". >> we don't let our voices be loud enough. be> reporter: her book was a st seller and so is michelle obama's. her memo at the top for 2018. her book tour events packed.een the 54-year-old sometimes dropping the first lady formalities. >> one of the sees to a successful marriage is separate bathrooms. when he enters mth om, sometimes i'm like why are you in here? >> that sense of humor was on display saturday night punctuating her straight talk with

emily: you also helped him to meet sheryl sandberg.: when mark has this problem, it is time to monetize and he is having all these issues with senior executives, i said there is no comparable thing here. the closest thing anybody has done is creating adwords. i know the person who did it, sheryl sandberg, have you met her? i said, i want to get her to come and talk to you about being your chief operating officer. next thing you know, she goes there as the chief operating officer. at which point, basically they did not need me anymore. she is way smarter than i am. one of the most capable people i have ever met in any way. emily: how much facebook stock did you buy ultimately? roger: i did not buy that much, but it turned into a lot of value. emily: how much did you make? roger: a lot. for me, it was really important. facebook was weird. it was the gift that kept on giving. emily: fast-forward to today, you think facebook is in an existential crisis. roger: oh, i do. emily: and you have not been shy about it. roger: no, in 2016, i notic

in april, emily chang sat down with sheryl sandberg. facebook found itself in the midst of a storm. d politics scandal. sandberg admitted the company had much to answer to. >> we know we did not do a good enough job protecting people's data. i am sorry for that and mark is sorry for that. we are taking strong action. starting monday, we will be rolling out to the world, all the apps they have connected to and an easy way to delete those. we will tell anyone whose data might have been affected by cambridge analytica who they are. we are taking steps to restrict data. we are looking beyond. we announced yesterday we are taking steps to shut down certain use cases. these are the latest steps. this is going to be a long process. we are systematically looking at the ways facebook data is used. we will find more things and tell you about them and shut them down. this is a forever process. security is an arms race. you build. people misuse. you build. we are committed to this for the long run. >> mark has taken responsibility, saying we did not take a broad enough of view. how much do you f

sheryl sandberg has shouldered much of the blame.s to discuss, megan smith, who served as chief technology officer under president obama. she worked at google and recently started shift seven where she has committed to filling stem jobs. with facebook and google in the spotlight, do you think somewhere along the way of these companies went wrong when it comes to their social responsibility? >> these are the challenges of our time. you can use technology for good, you can use it for bad. what we need from these leadership teams across the board is a lot of focus on what will they do to support users with more transparency. this is troubling about people not knowing about the data sets being shared with partners and that also control. you can think about the europeans are doing an amazing job now about the digital self and personal privacy. this is not property, this is your self in a digital form. people need more control. that is an urgent need. all of these management teams need to step up to this. emily: the have also been calls fo

chambers: you know i'm a big fan of sheryl sandberg and leaning in. i believe in gender diversity. first ceo that asked her to speak to my leadership team of 3000 people and required everybody to read the book. emily: i remember that. her she'srs: i told too tough on women and she needs to press women. she was making a point. she was saying we have to control our own destiny and lean then and when you are breaking out of a challenge, you got to be able to do it i'm making bold statements. emily: as much as i have and itsd from "lean in" message, you cannot lean and if the door is nailed shut. don't companies need to lean and more, to? mr. chambers: yes, they do. have gender diversity because it was the right thing to do. we have really talented female leaders who were amazingly good. you've got to pay everybody -- that should be a given -- for the same job. the let the same rank should be paid the same level, period. in a startup, if you just require people to email -- to for everyone female open position, we saw numbers change dramatically. emily: we know you are friends with sher

we should mention sheryl sandberg is on facebook's board. what do you make of this?ally talked about this. george soros made a name for himself going up against the bank of england taking down large companies and institutions. while he has reformed himself, the reality is if someone like george soros starts sniffing around her company, you as senior management for that company get very, very wary and asking the question of what george soros is doing with facebook stock is not unreasonable. emily: what about the delay, deny, deflect that has been tied directly to sheryl sandberg and mark zuckerberg and how they perhaps failed to lead through these various crises over the last couple of years? is that fair? >> i think that is fair. that has been the company pr policy since i was therefore a five years ago. as a hangover from an era in which facebook had way less scrutiny and tech journalists did not understand a specific model. i think we are past that era and facebook has to engage with you and other journalists a lot more than it actually does. emily: we would certai

emily: what about the delay, deny, deflect that has been tied directly to sheryl sandberg and mark zuckerbergy perhaps failed to lead through these various crises over the last couple of years? is that fair? >> i think that is fair. that has been the company pr policy since i was therefore a five years ago. as a hangover from an era in which facebook had way less scrutiny and tech journalists did not understand a specific model. i think we are past that era and facebook has to engage with you and other journalists a lot more than it actually does. emily: we would certainly like that. thanks for being here. plans to start production in china in the second half of next year according to the city of shanghai. the city's mayor visited the site of the electric car company factory and urged tesla to speed up construction. it is tesla's first plant overseas. coming up, tech is increasingly disrupting the financial industry. which disruptors are likely to make a dent in the coming year? 's slump, bitcoin continues to accelerate, but could 2019 see a change in direction? we talked to one ceo about why

emily chang caught up with facebook coo sheryl sandberg in april. we didn't do a good enough job protecting people's data. i'm really sorry for that and mark is really sorry for that. now what we are doing is taking really strong action. starting monday, we will be starting the process of rolling out to people around the world, right at the top of their news feed, all the apps they connected to and a really easy way to delete those apps. we are going to tell anyone who might have had their data connected -- data collected or accessed by cambridge analytical who they are. we are taking strong steps and we are looking beyond apps. we announced yesterday that we are taking steps to shut down certain groups and pages and events, just the latest steps. this is going to be a long process. looking atematically all the ways facebook data is used. we are going to shut them down. this is a forever process. security is always an arms race. you build, they try to misuse. we are committed to this for the very long run. emily: mark is personally taking responsibi

david: mark zuckerberg and sheryl sandberg are in the crosshairs. introduced a bill, slamming zuckerberg and sheryl sandberg for not being as forthcoming, and he is calling on congress to move the privacy bill forward. david: thank you so much to bloomberg coanchor romaine bostick. shakeups in latin america. what is next in the region as populist leaders take the reins. that is coming up next, and this is bloomberg. ♪ david: this is balance of power on bloomberg television. we go now to mark crumpton. mark: mitch mcconnell says he will introduce a stopgap spending bill that would avert a government shutdown and keep agencies running until february 8. speaking on the senate floor today, mcconnell accused democrats of acting what he called -- acting or what he called political spite. the house willl, now take up a bill to overhaul criminal sentencing procedures. the senate overwhelmingly. passed the bill. the bill would curtail jail sentences for nonviolent offenders. the united states is making a potential overture to restart talks with kim jong-un.

back over to you. >> did you read this as a defense of sheryl sandberg in that you think the board standsdberg has faced so much criticism recently for how this whole issue of definers went down this was a firm that was hired by people who were under her, under the communications team that was used to share information about george soros and attack facebook's critics. the issue here is that she said she didn't know anything specific about the hiring of definers then it came out she actually had asked her team to look into whether soros had shorted facebook shares. so there was this sort of back and forth, did she know and was she unclear about that did she not know what they're trying to say here is that while it was -- she did ask her staff to look into it that was appropriate and it was separate from the firm that was already doing the work on soros and his organization. >> julia, thank you. >>> here's a question for you guys, facebook stock has not traded too well this year. that's being generous. let's say you gedt a headline, sheryl sandberg is out, how is it received? >> you look at

sheryl sandberg sold mail of your personal data.indful and my parenting, and less reactive now that i have a 13-year-old. >> juan: a 13-year-old girl, that's rough. >> kennedy: she's beautiful and amazing. she views the world differently than she did a year ago, which is fine. i want to find or make a good gluten-free croissant. i have celiac so i can't eat gluten. there has to be a good gluten-free croissant somewhere and i want to get super fancy car for super cheap. >> greg: i could tell you mine. >> kennedy: is it fancy? >> greg: yes. >> kennedy: is it cheap? >> greg: i will make you a deal. i haven't driven it in the years. >> kennedy: is it all-wheel drive? >> greg: it's automatic. [laughter] what is all-wheel? what are you talking about? it's got power windows. >> juan: what is a fancy car, cadillac? >> kennedy: cadillac, range rover. >> greg: you will love the car. >> kennedy: i will take a porsche. >> greg: i could tell you my wife's car. it's the length of this table. kennedy, that's your car. it's the pee-wee herman car.

the sheryl sandberg book was called, lean in, sandberg is coming under pressure receiving a decent amountf scrutiny overall. she dropped out of top 10 forbes most powerful list. the michelle obama comment got a lot of attention, using vulgarity in her comment, the whole lean in stuff, used a different word than stuff, doesn't always work. your view on that on sheryl sandberg. >> michelle obama is absolutely. i said it when the lean in book came out. it is one thing to be harvard-educated pedigreed woman, all women should take the risk of speaking out and leaning in, and everyone should aspire to the ceo's office. those are not risks every woman can take. if you're a single mom with two kids, your job is really important to you, you may think about that calculus differently. so i think the downside in the whole lean in philosophy it applies honestly to a relatively small group of women. connell: yeah. >> i think that is what michelle obama was talking about. facebook in general is under huge pressure and i think deservedly so because while technology is viewed as a totally different kind o

did sheryl sandberg ask you to dial down your public criticism, senator, of facebook? where there were other staff people on the phone as well. i wouldn't have called it heated. but what i would say is that we had a vigorous discussion about this issue ad piece. because at the time, and now i want to make clear, facebook since did support the bill and since supported, including issues ad, because at the time, they weren't supporting it. they said it was hard to figure out what were issues ads. i said, you know what. these are the kinds of ads that are really being used by other countries like russia to divide america, whether it's in the civil liberty areas or energy, and guess what. tv, radio, newspapers, they're somehow able to figure it out, because that's federal law. so that was our discussion. we didn't change the bill. and then sure enough, during the hearing when mark zuckerberg testified, he came out in support of the bill a few months later. so i just think we need to have this bill passed because it's not just facebook and twitter and google. it's all these

even yesterday you had the ceo, sheryl sandberg, put a post out saying -- >> harris: are they going toet rid of her? what are you hearing? >> she is dull nyquil-connected with washington. you would assume she be the first to go. however, they have said for a month so they stand behind her. they support her. however, the scandals keep coming up. we, as investors, we are expected some kind of change prayed for them to change internally. ask zuckerberg are most like we not sit down, even as chairman. why not have cheryl stepped on? it is in the cards, even though facebook says they support her. it's very frightening, and the fact that these companies -- the fact that royal bank of canada, netflix, spotify, were able to go into your private messages, look at them, change them, delete them -- >> harris: christina, tell me about that. when you join something, particularly for facebook, when you sign up and they give you that long list that you either greet you don't agree to, and that's how they can or cannot use your personal information -- facebook, from what i'm reading, is arguing that p

: we want to make the world more open nnected. by the business model we see today was created sheryl sandberghe team she built at facebook, many of whom had been with her at google. >> narrator: publicly, sandberg and zuckerberg had been downplaying the extent of the personal data cebook was collecting, and emphasizing users' privacy. >> we are focused on privacy. we care the most about privacy. our busiss model is by far the most privacy-friendly to consumers. >> that's our mission, all right? i mean, we have to do that because if people feel like they don't have control over how they're sharing things, then we're failing them. at it really is the point the only things facebook knows about you are things you've done and told us. >> narrator: but internally, sandberg would soon lead facebook in a very different direction. >> there was a meeting, i thinki it wmarch of 2012, in which, you know, it was everyone who built stuff inside ads, myself among them. and, you know, she basically recited the reality, which is, revenue was flattening. it wasn't slow, it wasn'tde ining, but it wasn't growing

i really love mark zuckerberg and i really love sheryl sandberg. i wish them all the best. liz: we wish you the best. we've got breaking news from the president and this potential government shutdown. we would love to have you back. we will revive three days in the valley so you'll be invited back. thank you so much. >>> when we come back, we are waiting on the president. we'll see what he says. ♪ ♪ ♪ this holiday season, families near you need your help. visit redcross.org now to donate. i can do more to lower my a1c. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're a

sheryl sandberg this year showed up at the meeting of attorneys general to give a talk about facebook privacy. just a drumbeat of the news about how facebook has been flouting what they promised consumers. it has been a little bit too and -- too little too late the company is coming under the microscope now. shery: this news on the attorney general and the suit moving the stock the most, for their is other news out there, and quitting fresh allegations of privacy breaches. sarah: the new york times wrote even though facebook said to congress they have limited third-party developers from getting access to data beyond 2014, there were a few partnerships they held in place with companies like spotify and netflix that allowed them to access messaging capabilities with facebook, potentially giving access to your data. it is unclear what does partnerships look like but this is another example of have it is so much ambiguity around with facebook has and has not been sharing, about what we are telling our friends. that is again this week with the naacp suggesting a boycott because of the way

sheryl sandberg said it became one of the most important documents to ever come out of silicon valley where you espouse the idea, we are not a family, we're a team. the good analogy is baseball. at some point you have too many good pitchers and not enough good hitters, you have to lose a good pitcher. it has nothing to do with his ability to pitch. >> since i left netflix, i've been on stage with award winning coaches. i've learned more from them than any management book i ever read. i didn't write it. reid hastings didn't write it. we wrote it in collaboration -- >> talking about the powerpoint. >> it took ten years to write. we used it as an internal document. partly because we're a company of silicon valley geeks and you know how they work. you've had them on the show. a geek is a digital person. it's good or bad, right or wrong, black or white, zero or one. anything in between, new nuances is a lot. what we wanted to do was say, look, we're going write this down and tell you truthfully what happened. we've just going to tell the truth. >> there is the point though -- i get the pic

twitter's jack dorsey and facebook's sheryl sandberg were there, but no google chblts i'm deeply disappointed that google, one of the most influential digital platforms in the world, chose not to send its corporate slippery leadership. >> mark zuckerberg was a no show in london a few months ago. they were not shy of making fun of him on social media. irswin steltzer right silicon valley companies have taken dead aim at their feet and pulled the trigger but none have done so much as to turn the political classic and silicon valley and lay the basis of regulation of their businesses as facebook. long-time silicon valley executive and venture capitalist jason lincoln joins us to talk about regulators. i looked at the various ways i introduced you. one was an all-around smart guy. >> i appreciate that. >> i will do that. remember there was a time in which it was sort of this free for all which uber could just do whatever it wanted and, you know, regulators, well, you know, and the scooters and airbnb and regulators kind of said, you know those tech guys, they do that sort of thing, and they just

operatives out to meddle in american democracy the public noises zuckerberg and his number two sheryl sandberg were making were along the lines of we're try doing our best and we have a lot more interest here statements that after the cambridge analytic a data breach story came out in march no longer passed the smell test the cambridge analytical scandal is not quite what people think it is that's scandalous about hell a company used facebook exactly as intended cambridge a laker not the only people that are downloading facebook data using it to micro target people in order to go back and send more advertisements to get people's attention on facebook because this is their very core business model this is what advertising is fraud essentially came to journalists this information has gotten in the u.s. in the u.k. to read for me the real impact that facebook has had in twenty developing areas of the world. is the one that has got the most attention and we've seen there how facebook has been weaponized and the government has and the army have spread hate speech against the muslims which is incite

i'm a big fan of sheryl sandberg and leaning in and gender diversity. the first ceo to ask her to speak to my leadership team of 3,000 people and required everybody to read the book. emily: i remember that. i remember when she spoke. john: i said, you are too tough on the women. for us men, we have to lean in, we're not doing our job. emily: do you think she is too tough on women? john: i think her book was a little bit too tough on women. no, she was making a point. she said we have to control our destiny and lean in. when you are breaking out of a challenge, you have to do it by making bold statements. emily: as much as i have benefited from lean in and the message of lean in, you can't lean in if the door is nailed shut and don't companies need to lean in more, too? john: yes, they do. using cisco's example when i was there, we had 30% of our board female before anybody started using those numbers. and we didn't do it because it was just the right thing to do. we had really talented female leaders who were amazingly good. you have to pay everybody eq

about but this is classic silicon value going public facebook had to bring in sheryl sandberg i thinkl move would be to bring something in that's an operator. that wall street can say that person will hit numbers and let elon musk be the creative genius he is. >> in terms of the price action you almost would have naught it would have been bigger, to move up 5%. that happens almost 12, 15% time in the stock the stock does that up and down np is it breaking out? it's been in range three years everyone knows the top at 385 does it break out to new highs that's the bet i would make. for now it's just a trading kmip up and down. and no one is really making money. >> it's that time. final trade time around the horn. >> carter. >> disney. offensive and testifiesive play. >> brian kelly. >> financials i talked about baepg of america one of the cheapest on the price to book ratio. >> the jeff mills. >> xlk i want to be in tech when there is a drop people bay for growth people pay for growth. i want to be in tech. >> grasso. >> stock everyone hates down 57% year to date >> general electric. >>

willing to monetize access to its users, data meanwhile the board of directors is supporting sheryl sandberg saying that it was appropriate facebook is lower in premarket trading. it's down 4%. a major market selloff this morning. a possible speedbump for this at&t in time warner merger. it's a big one. today in appeals court said to consider whether the district judge was a right to greenlight the merger between at&t in time warner. the government had been able to prove that it would be the paid tv competition. at&t is lower in the premarket. prove that it would be the paid tv competition. at&t is lower in the premarket. president george hw bush is going to be laid to rest today and at his presidential library. he has been lying in state in houston overnight. the service is going to begin their as of the the church and he and mrs. bush went throughout their lives. to the final resting place. there is a live picture right now. thousands and thousands to pay their respect. the u.s. and navy will honor him with a record breaking 21 jet fight flyover in texas. his son bush three -- bush 43 gave

if you watch the latest rounds of testimony when jack dorsey and sheryl sandberg when it spoke it felt to me like they were kind of two earrings going on at the same time. one was driven by this question of israel conservative bias and that gave me felt superficial and was missing the deeper problem and scoring political points. but if you are the questions it between the delicate questions about if the platforms have to decide their systems are impartial, what definition of impartial is that? if you're platforms are serving a variety of people across different cultures, values and political systems, to the people who work for you represent the same diversity? i think we could move towards a light touch relation that doesn't say this is how moderation should work but recognizes what a calm look at a problem is but also says if you're going to get to enjoy the protections you get an continue to play this role, there are certain expectations that the public needs to be assured up. we are demanding, the public is demanding it already. so finding a way to articulate and specify what those

if you watch the latest rounds of testimony, when jack dorsey and sheryl sandberg when in spoke, it felt like to hearings at the same time. one was driven by the question of, is there conservative bias, and that to me felt superficial and missing the deeper problem and scoring political points. but the questions in between were really good, about if the platforms have to decide if their systems are impartial, what definition of impartial is that? and if you're platforms are serving a variety of people across different cultures, values, and political systems, to the people who work for you represent that same diversity? move for acould light touch regulation that does not take over or say this is how moderation should work, it recognizes what a complicated problem it is, and also says if you're going to get to enjoy the kind of protections you get and continue to play this role, there are certain expectations that the public needs to be assured of good and we are demanding, the public is demanding it already. finding a way to articulate and specify what those should be and still at the pl

sandberg or mark zuckerberg? mr. johnson: i have spoken with sheryl a couple of times.e things i raised was the importance of the audit, that it cannot be an audit that his been used now in the media and individuals three levels down are responsible for carrying out the recommendations. it needs to have the level of importance to ensure that facebook changes its culture and maintains a positive thetionship with african-american community and u.s. citizens as a whole. response? was her mr. johnson: she was very nice. she heard what i had to say, and of us, now is a matter seeing the next steps. are they going to take the recommendations that were released in the audit? are they going to implement those recognitions, and will they ensure african-americans are not used in a proxy fight for political gain? emily: you're not the first person to complain about the black experience on facebook. we spoke to a former employee who raised concerns about the treatment of african-american employees and also how the company treats lack users. take a listen to what he had to say. >> t

the scandals have forced zuckerberg and chief operating officer sheryl sandberg to pubically apologizeidn't do a good enough job protecting people's data and i'm really sorry for o millions of people a month. in a statement to cbs news, facebook says its partners don't get to ignore people's privacy settings, and it's wrong to suggest that they do, adding we know we've got work to do to regain people's trust and that's where we've been focused for much of 2018. now, this could go beyond bad public relations for facebook and here's why. a 2011 settlement agreement with the federal trade commission requires facebook to obtain users' content before sharing information. most of the partnerships at the time didn't require this because it considered the partners extensions of itself. facebook said they found no evidence that any of the partners abused users' data and speaking of the partners in a statement, the cbs news, netflix said at no time did we access people's private messages on facebook or ask for permission to do so. throughout our engagement with facebook, says bing, we respected

sheryl sandberg says facebook is committed to working with leading civil rights organizations to addressights on our service. i am grateful for their guidance. we know we need to do more to listen and take action to respect rights. have you gotten to speak with sandberg or mark zuckerberg? derrick: i have spoken with sheryl a couple of times. i agree with her, facebook needs to do more. one of the things i raised was the audit, it cannot be an audit used in the media and individuals three levels down are responsible. it needs to have a level of importance to ensure that facebook changes its culture and maintain a positive relationship with the african-american community. emily: what was sandberg's response? derrick: she was nice and heard what i had to say. for us, it is a matter of seeing next steps. are they going to take the recommendations in the audit and implement those and are they going to ensure that african-americans are not used in a proxy fight for political gain? emily: you are not the first person to complain about the black experience on facebook. we spoke to a former empl