and like tech, all tech, it's going to move rapidly. we need to bring in now the experts in governance. we now live in dajigital world. we need a new civic architecture for this digital world. >> just this week youtuba announced this he would take down video channels associated with anti-vaccine activists. which broadens a ban they aplud only to misinformation about the vaccine. now it includes misnfction about ot misn m m m her solutions if wepproach y . thought way. the same with regulation. regulation alone will not be enough and big tech self governing is not enough. we need an entirely different architecture, a model that put's people first. >> in 1997, they hosted the ceo of netscape, the tech giant of us day, to discuss the new moral d legal challenges of the internet age. listen to this. >> the department of justice is up against areas now, perhaps, where the laws that were written 50, 100 years ago and so forth are just no longer adequate in a world of cyberspace because of the differences and the speed and change and the diffi

one more thing, guys "tech check," made its own debut, six months ago. >> welcome to "tech check. meme on this show >> i brought these guys, too, today. >> they're ready for air >> i didn't know about hot girl summer and we have ipos. we can all be hot. >> cnbc. >> speaking of the clippers groundbreaking arena and the new development of the new toilets. >> i almost got flushed there. >> number two is never good enough. >> i look like i'm landing a plane. >> we have to give a lot of credit to the people behind the scenes who make this show happen. >> this is teddy, celia. >> cheese, everyone! >> this qr code will take you to our website where it will post our sig nch you are digital pieces >> every company is now a tech company. >> every company is not a good tech company. >> everything we do now is somehow related to tech. >> we have lots more ahead we're only getting started [ laughter ] >> six months of "tech check" now in the books and we're excited for deidre to rejoin us on monday. john, i look back to the first twitter space that we did the night before the premiere of the s

tech and more. we will be joined by the mayor of miami to talk about his plans to make a new crypto hub out of his city, next. this is bloomberg. ♪ emily: welcome back to bloomberg technology. i'm emily chang. i want to talk about tesla in china -- a few tech stories we are continuing to watch. tesla overcoming a broad slump in overall car sales. overall shipments of china-made cars rose for the second month in a row. where than 52,000 were sold. meantime, car sales fell 17% in september. plus, general motors reached an agreement with lg over a recall of battery. the south korean company will pay $1.9 billion. the manufacturing defect had a -- an increased risk of fire. stay with us after this break. ♪ emily: the grade miami tech rush started with a tweet from the mayor asking how can i help in response to a venture capitalist who openly wondered about the prospect of living silicon valley to miami. this kick started a new boom of sorts in a state known for real estate and hospitality businesses mor

"tech check" starts now. ♪ >>> good thursday morning. welcome to "tech check."'m carl quintanilla with julia boorstin. and a must own stock we'll tell you why later this however. and also how to fix facebook our friend has some ideas coming up but we are going to start this morning with the rally and we're tech all of it, mike santoli has more hi, mike >> yeah, carl. big tech stock, driving higher in july and august had the worst decline, sort of got most oversold now participating fully. look at the nasdaq 100 -- well, here we have it since june 30th of this year you kind of have a flat line look at the big bounce we got into the high. it's adhering pretty well to the longer trend line. it bounced off the other day look at the nasdaq against the dow, trading off leadership over the course of this year. it's mostly been an elegant rotation it has turned much more messy recently if you look here, nasdaq 100 in white really had a tough time in the spring the dow is fine. we pointed this out a couple times, dow, a little bit of a global slowdown starting in august

we have left these decisions to a small number of individuals that work in tech companies are run techpanies that have massive implications for all of us. not only the individual benefits , but also social effect and social harm that we can no longer avoid. having a policy background or technical background. my initial as an ordinary user for the tools and technology that came out of the silicon valley, the crazy is the one that is so important to me. the big tech company is located here in the valley. partially in seattle. acquiring a grab over our lives. our lives as individuals and citizens in a democratic society programming david, that countercultural attitude of the early age, they have now become the goliath. the pandemic has reinforced this for me at least. we were already aware of some of the problems of big tech 18 months ago. now our lives have become even more in mesh and the decisions made by a very small number of people with a very small number of tech companies. working 18 months ago dependent upon the small number of platforms for our private lives, for our educational

and the tech industry.call on tech companies for this industrywide challenge that must be tackled by together. for more on that, my guests are from snap, spotify, and uber. you are part of a group of companies banding together to improve diversity in the workplace. how will you at different companies be working together? emily: essentially, -- >> taking collective action. we win or lose together. in products quite often or with the tech products we create, we all lose on our own, that is not the same with this. two things strike me. the tech industry has failed on de i. there are passionate committed clever people in the tech industry want change. this lays out a roadmap for that change. it shows how we can come together and also a bit of inspiration. if people want to know how to transform de i in the industry, i hope they will check out the report. emily: you are all competitors in the war for talent is brutal. i wonder travis why align yourself? >> it's an opportunity for us as a system we can impact cha

emily: about the cities tech. and since their pandemic and what he plans to do to keep up the momentum in south florida. while facebook is in the hot seat, david sacks says facebook isn't the baddest guy of the social media bunch, but cable and other platforms are more polarizing, addictive and raunchy. there is some sparring with sacks later this hour. we will get to all of that but first, let's get a look at the markets. >> another day of selling when it comes to major averages, the s&p 500 ending in the red. unless you are a chinese adr, baidu, they underperformed. biotech up .1%. but let's talk about the big macro issue at hand, and that is inflation, specifically commodity inflation. you can start to see the correlation between stocks and oil, which tends to be pretty positive. now turning negative, telling you the surgeon oil prices are a negative for stocks. rates are kind of a negative to some of those big technology companies like facebook, microsoft and amazon. bloomberg technology putting out a report t

it was a change in tech. not to use this word again but we're starting to see normalization of the business models again, the idea that this merger is not going to go through but, i mean, you know, we don't have a position in zoom. and our focus is in some other areas of tech right now. >> well, so, with that in mind, david. with all these themes you just laid out, what are your interests? what are the best overlooked opportunities in tech? >> i think one, certainly not sexy but a great business and the stock is even better cdw. they are a value added reseller, particularly for small and medium businesses. a better way to think of them is that they are the i.t. department for 250,000 customers. small and medium businesses, education, government and health care and they typically grow two times the rate of the overall i.t. business. again, the $25 billion market cap. not a big sexy name. but if you look at the stock over the last one, three, five, ten years, it crushed the s&p 500. it does have returns like th

about tech being bourn out.ieve firmly tech has to be for good and that every major company has to focus on its economic return or its shareholders, customers and employees but owes an obligation to society jon, you and i discussed it before during the '90s and 2000 tech was for good. relationships democrats, republicans, the european, the people in asia all very much aligned in terms of the goals. when there was legitimate issues, we resolved them i strongly encourage the large tech companies to step up and do the same thing we had this discussion about two years ago when congress began to get active if you don't change, regulation and anti-trust is coming i think it's very important that tech companies and large players adjust as an example, you saw with u.s. and india prime minister modi came to the u.s., his comments to president biden was your businesses were there for us during covid and your technology companies were there for us during covid in ways that were just amazing so i think it's time for tech to

chinese tech companies are doing very well. tech is making a bit of a comeback today.have to add that growth that's expected to drive third-quarter growth that's helping the company up 13%. looking elsewhere, they are all in the plus column. let's look at what's adding drag and casinos right now, we have them in china, galaxy entertainment under pressure. this says we have casino operators expected to see third-quarter operator slump at $62 billion. that is in the earnings report. that's a look at what's going on under a bit of pressure. gaming stocks have been there. yvonne: it does not look like it will look that better, given that we see restrictions when it comes to travel, also when it comes there with the regulatory side of things. uncertainty for the 45 day grace period that ends in a couple of days. keep watching that one. you mention the downgrade from j.p. morgan, thou and going here. with the downgrade from moody's. we discussed a new report from credit suisse, highlighting the booming startup scene. analysts will discuss where the money is going and affect

to be fair there is a broader tech selloff, facebook shares are down a bit more than the broader tech market, unclear if that is directly because of the whistleblower, because of the outage or something else. how does facebook make good on this? as a shareholder, you are calling for facebook to compensate investors somehow. how and why? natasha: the fact is, the gulf between facebook's words and actions could not be any wider. you saw that last week with congressional testimony on instagram's impact on kids, you have investors being concerned about what facebook new and has done. the company has simply not done enough to address the damage inflicted on society, whether that is teenagers, marginalized groups, geopolitical stability. something needs to happen. even as investors we have not gotten straight answers. december of 2016, we asked the company for a report on this information and election interference. we were told by facebook there was nothing to worry about. it took facebook executives getting dragged before congress to acknowledge there was a problem, apologize, and did they

more than any other tech company. i think that is more than any other tech company.ple working on safety and security for the company, we are not running away and our understanding of the responsibilities that we have. you can see the progress we are making across these areas. emily: you are 40,000 people serving 3 billion users. is facebook too big to govern? there might be so many smart, well-intentioned, capable people who work there, but can you moderate every single moral and political and legal issue in every country and in every language around the world, or is it impossible for anyone company to do? nicola: we have set out to be very open and transparent about the work that we are doing in this area. that is why we now publish four times a year, the community standards enforcement report. we are even opening our books to an independent auditor to be able to validate and look at our results. i think this is some of the most comprehensive, most sophisticated work that is going on anywhere around the world, and i am really proud of that work. but, to your we are

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over in sidney, tech is the biggest tech after it pays off more than 6%, energy is the clear leader with sector gaining more than 2% in sidney, after we saw on the u.s. session with the nasdaq losing more than 2%, early moves in asia, up .2 of 1%, shery. shery: the biden administration says it will engage with beijing directly in the coming days with the u.s. trade representative catherine tai sent to meet the chinese advice premier. let's get the details from eric martin in washington. first of all, take a listen to what ambassador tai had to say today. >> i am committed to working through the many challenges ahead in this bilateral process in order to deliver meaningful results. but above all else, we must defend to the hilt our economic interests. and that means taking all steps necessary to protect ourselves against the waves of damage inflicted over the years through unfair competition. shery: eric, what do we know about this potential meeting? eric: yes, absolutely. this was a policy speech by ambassador tai at a washington think tank earlier today, monday morning in washington. we

chair, is part of the process of demystifying big tech. the children of america are hooked on their product. it is often destructive and harmful and there's a cynical knowledge on behalf of the leadership of these big tech companies that that is true. miss haugen, i hope you will have a chance to talk about your work experience at facebook and perhaps compare it to other social media companies. i also look forward to hearing your thoughts on how this committee and how this congress can ensure greater accountability and transparency, especially with regard to children. so thank you, mr. chairman and thank you, miss haugen, for being here today. >> our witness this morning is frances haugen. she she was the lead project information on the civic information team. she holds a degree from owen college and mba from harvard. she made the courageous decision, as all of us here and many others around the world know, to leave facebook and reveal the terrible truths about the company she learned during her tenure there. i think we are all in agreemen

it is tech.about half the losses on the s&p 500 overnight, tonight. >> part of it was the facebook outage. that was dragging the tech space lower. you also have inflation concerns right now. i think the immediate response from traders was that they were going to sell these growth stocks given the lofty lua since. -- valuations. are there any other sectors that can actually fill that space? >> this is such a huge part of the index. that bodes well for active investors. what needs to go away for tech? the index could keep moving up. there we go for our viewers and client. my personal thing will be that higher yields need to go away for this to happen. rishaad: south korea has also been involved as well. they have been taking action on domestic tech players. this is drawing parallels with what happened with china. google is the latest to feel the heat here. we caught up with the chairperson of the fair trade commission and we have an exclusive interview. >> we are going to see what they make. we are

big tech isn't democratizing information, big tech is manipulating information in a way that underminesemocracy. here's the bottom line. we'll never change them. the only answer, as i've argued for years, is to break them up so their authoritarianism can no longer hurt our democracy and our society. break them up into tiny pieces so so everyone's voice can be heard. if you want to hear the conversation that youtube censored, you can download our podcast or go to steve hilton.tv and watch it there. and right now let's fight back together. make sure you follow us @steve hilton x, share this message when we post it and tell youtube and big tech we are not going to let them get away with this. is so now tonight let's hear directly from the man that youtube tried to silence, dr. dr. jay. proud to have you on tonight. would you please tell our audience here tonight what you told me last week and what youtube the didn't want the world to hear? let's start with the position on vaccine mandates for adults. please tell us your assessment of that policy. >> so the science is really simple, steve.

megacap tech is bouncing back. look at netflix. another all-time high of 5.5%. facebook higher as well. there's amazon, apple and alphabet up about 2% so is facebook after yesterday's drop even as the whistleblower test testified this morning on capitol hill there's wti over 79 on a 2% gain today and nat gas $6.32. >> thank you very much let's move on now. despite today's higher move, our next guest sees some storm clouds for the market from supply chain issues to employment policy, uncertainty, but he is finding some high quality stocks that tend to hold up when the market is under pressure kevin is senior portfolio manager at washington crossing adviser. sporting a new beard, once again. why is quality so important in a market like this one with more volatility and possibility of head winds >> well, it's important because we see that there's more risk in the market than most investors anticipate especially after many, many years of positive things so given that, and given that quality doesn't endure throughout a cycle, to us, centering a portfolio on this idea

tech giant n.e.c.nning to buy more overseas companies to expand its service portfolio as governments and companies digitalize their operations. bloomberg spoke exclusively with c.e.o. -- with the c.e.o. >> i wanted to ride on the new wave of the new market. that means open market over the 5g. n.e.c. is sitting in a very unique situation. and japan has two operators. n.e.t. and the new innovators. those are very much pushing from the approach and also the top down approach. and we are working together with them and to create a new solution to the world and n.e.c. is very unique positioned to be able to provide end solutions. n.e.c. will be growing and at the pace of the market growth. >> you have a pretty ambitious goal of 20% market share in the oran space. what are the biggest challenges for achieving that as well as what are the chances you might beat the goal? >> yeah. the biggest challenge is like how we can persuade people to accept commercial will you work -- commercially workable systems and ope

that is sort of the downside story in tech. but you do have more cyclical components google being an example where numbers came down for google over the last 30 days, but a very cyclicy oriented ad-based company where spending by corporations should be rising as the economy recovers so, i think your point is well taken. a divergence and with amazon, especially, it already has been. >> nick, i'm hearing a lot of concerns from ceos about supply chain but specifically about labor's role whether it's trucking or shipping issues. just the ability to get stuff to places do you see tech as eventually being affected by that perhaps of labor costs, the cost of talent or is it insulated because software, you know, it's bits and bites. >> so far tech has largely been isolated except for some of the more physical items within tech. and let's not forget with facebook or google or these companies. we're talking about companies with very high gross margins and very high net margins and so they do have the ability to pay a little bit more or r

other big tech firms that may be pursuing entry into the fin tech space already having access to vast swaths of data. would that open up firms to your agency's jurisdiction? dir. chopra: oh, yes. of course they would be under the jurisdiction. we have to make sure we are thinking about how we will make determinations as to whether they are even complying with the law if we don't even know what data is being used, or if it is hiding behind some black box algorithm. secretary carson issued a complaint against facebook for violations of the fair housing act partially because of its algorithmic targeting. that is likely the future of where financial services is going. to the extent that big tech companies are using the treasure troves of data, there needs to at least be some parity with local banks and other financial institutions who are following the law. we simply cannot let them off the hook. sen. ossoff: with my remaining time, do you consider cryptocurrency wallets consumer financial products subject to your agency's jurisdiction? dir. chopra: it is a broad question. a -- is a broad

does it filter down from big names, juggernaut tech names. mid-cap to small-cap, that's a tangible question. jonathan: i said it before and i will say it again, so far, so good. >> is this just the beginning? frankly companies have been adjusting until now and will it be more difficult? john, this really is a question. can we count on that going forward? jonathan: corporations persist, coca-cola talking about elevated commodity prices in 2022. the officials and the policymakers, that's a date change. corporate america is talking about this going way beyond. >> we put out a stock -- chart one part gets delayed in the whole thing gets thrown off. how do we get through this? jonathan: equity futures are down three, negative .1%. it's the move that gets the attention with a move towards 50 basis points and we breached the level briefly. the smallest of challenges to chairman powell. tom: each move is not a big deal but i'm sorry, we are back to 110 basis points on the spread. can you imagine a flat curve? jonathan: how hard can they push back? li

that is really staples and tech.ies. to update booze that includes the maker of motion and control technologies one hammer in the tech coffin let's move on to actionable ideas we've got two interesting ones today. start with you carlton your tongue but something spoke earlier in the shewbread. >> yes i have a bit more to say about banks. bank of america solid franchise has the most benefits environment there could be reports later in the cycle. that's a month or so later i like to pay close attention to the call if there's potential for upside too. >> it could be jamie dimond overtaking morgan is such a great salesman sexy oxygen away. [laughter] beverly what your idea. >> speaking of yields i think it's a good time socially high yield communities. they have more on a tax basis for much less risk. they're going to be even more than. >> great idea guys thanks so much. to read more check out this week's edition of barron's.com for don't forget to follow us on twitter that's at barron's online for that's all for us will

so which tech names should investors buy on these dips? d.a.forte is here to tell us. no pressure, tom good to have you let's start with are there any that immediately jump out to you as, you know, under valued, over sold, names that investors definitely want to pick up here? >> sure. so thanks for having me, kelly when i think about the sell-off, the one standout to me is apple. when you look at the current multi-year benefits they're going to have from the slow-but-sure buildout of 5g, their most important product from a sales and profit ant standpoint, the iphone is incredibly well positioned so well-positioned i think better than expected sales could offset lost revenue when you think about in-app purchases from the lawsuit with epic games. so i really think apple is amazingly well-suited after the pull back. >> you have been raising for over a year. is 175 still your latest thinking we are at 141 now. >> yes, it is. >> tell me about that and whether you have any of the concerns that have been weighing on the stock for the past year, whethe

"tech check" starts now. ♪ >> good friday morning welcome to "tech check."'m carl quintanilla with jon fortt and julia boorstin there are three stories in tech, 30 billion gone in snap, stock tumbling 20% then another ecosystem play, google changing its app store model, cutting fees, names like bumble, match and roadblock soaring. third stock at play intel, shares are sinking as sales miss and the company sees a tough road ahead for its turnaround. you will not want to miss pat gelsinger in a first on cnbc interview just a few moments from now we can't wait for it, jon. >> we are looking forward to it. s&p is just about flat we did hit an all-time high this morning, though. september's poor performance firmly in the rearview mirror. all three indices are set for their first three weeks in the green since july nasdaq just fractionally lower, about a little less than half a percent. tech has been under performing ahead of next week's earnings from apple, microsoft, amazon, alphabet, facebook and twitter julia, who is not reporting next week >> well, that's the

big tech companies have gotten away with abusing consumers for too long. it is clear that facebook prioritize his profit over the well being of children and all users. so as a mother and a grand mother, this is an issue that is of particular concern to me. so we thank you for being here today, miss how going and we look forward to getting to the truth about what facebook is doing with users the data and how they are abusing their privacy and how they show a lack of respect for the individuals that are on their network, we look forward to the testimony. thank you mister chairman. thanks, senator blank. thank you sen blackman. i don't know where the ranking member would like to make this. you don't mind a thank you. i german blumenthal and i will just take a moment or 2 and i do appreciate being able to speak as ranking member of the full committee this this miss howard, this is about this a subcommittee hearing. you see some vacant seats at this pretty good attendance for our subcommittee. there are also a lot of things going on. so people becoming get goin

bubble, which means tech stocks in this tech bubble are more expensive than the tech bubble of 2000s a bigger part. the snapback from september to may was profound. 20 percentage point spread. then we get back about half of that. in response to the covid delta waves. this brings us to valuation spreads that are not quite as extreme as they were last summer , but are in fact more extreme still than they were at the peak of the tech bubble. it would require value beating growth by about 74 percentage points to get back to a normal spread. manus: good morning, lovely to meet you, albiet apart. how do you recommend -- martin malone has said we will work 24 hours a day in the u.s. ports of l.a., logistics will ramp up -- that is going to embolden the value trade for you. is it u.s. value you want to be longer off? where is the strongest value proposition for you? rob: value relative to growth is roughly equally cheap in the u.s. and emerging markets. a little less so in europe, but what is very interesting to note is that the market itself is expensive in the u.s. you have valuations rou

we are on a stable tech platform which matters.n you have a super bowl and every year you have more and more coming on line, you need a reliable platform. that's part of building that trust with consumers we feel good about where we are and are in control of our own destiny. >> fanduel and draftkings were the dominators you had those already ready to watch when the supreme court overturned a ruling. caesars is prepared to spend $1 billion on marketing to launch their sports betting app and they have a player reward database to bring in how do you guard your territory? >> we have issued guidance that we are on track to hit we believe we will come in between $1.8 and 2 billion in revenue and that peuts us ahead of 50% of the field. we have to be sure we are in market on day one and establish that leadership position you are right, it's an intense battle right now >> melissa, do you want to jump in >> i sure do amy, how do you think about other areas of growth outside of sports betting whether tangential or ancillary businesses like c

investors digesting tech results. >> it is shaking out a mixed picture when it comes to big tech earnings. let's get out of the way what happened during the session today. the s&p 500 once again, record highs and closing and the green. what didn't do so well, chinese tech down a whopping 4%. you can see the tug-of-war anticipating those earnings stories today, but getting pulled down by the china exposure. slightly risk off, slightly defensive bid for the tech outperformance but you saw the crypto index lower. the big tech earnings, i want to start with microsoft because blockbuster earnings beating those estimates. that was bolstered by their cloud business. google also beat estimates but they are down. alphabet i should say, ads, e-commerce fueling that growth. the fact that they are paying partners so much is offsetting some of the ad revenue. that is weighing on the stock right now. then you have twitter, results in line with estimates, no massive outperformance but here's the thing. the impact they were expecting apple tracking to have on their bottom line, wasn't so bad. you see sha

hong kong tech stocks, china tech stocks in a correction.er record of the nikkei taken down 10% -- that did not last long. let's look at how the other sectors are faring. it was energy a top of the pile yesterday on the back of higher oil prices. opec-plus not changing their stance. not coming to the rescue for those who want a softer oil price. here is how things stand now. energy is unchanged after yesterday. technology is gaining 0.5%. maybe a little bit of dip buying. if you have a five-month a view on the markets, you want to buy cyclicals and value stocks. when you have a five to 10 year view, look at growth in technology. travel and leisure gaining 0.8%. that is how things stand in the first two minutes of the trading session. dani: getting direction from energy. equity markets are opening broadly to the upside. what takes me back to the tech question is bank of america saying it is this pavlovian buy the dip. will we see that in tech? here is where tech stands at the moment. we are heading to a correction. a lot of worries on this, l

angelo zino on the big tech week.et's get to that story that caught my eye this morning, the back-and-forth on twitter about inflation. the debate involved actually three notable names starting with jack dorsey of twitter who said last week hyperinflation is going to change everything. he said it is happening. that drew the attention of cathie wood as well as elon musk. musk wrote yesterday, i don't know about long-term, but short-term we are seeing strong inflationary pressure. wood answered partly by saying, new technologies are going to help bend the curve on inflation despite recent supply chain bottlenecks related to covid-19 and oil supply constraints. she pointed out she is doubling down on her deflationary outlook and it was a really interesting conversation to follow. maybe that is one of the big benefits of tesla -- twitter, sorry. tesla as well. coming up senator joe manchin of west virginia says taxes need to be fair and all options have to be kept on the table as congress looks to agree to a spending deal

this year's biggest tech show, gitex, has served up a mezze platter of tech, with everything from virtualgence, to wall—mounted lettuce. the stands are stacked with retail concepts aplenty. i'm going to be buying all of these. so, underneath here is a small camera that's constantly taking photographs. and when i take an item off the shelf, an artificially—intelligent algorithm on board the device recognises that object and adds it to my virtual cart. i can't think for the life of me why this completely seamless contraption wouldn't fly off the shelves. did it work? no. technology is actually woven into the fabric of our everyday lives. we have autonomous smart police stations, we've got government digital services, we even have a thriving digital art scene. growth is exponential with digital, and it's very important for the region and for the country. how we'll get around in the future is also a key theme this year. the vehicles here aren'tjust smart, they're sensitive. these individual spoilers aren't for aerodynamics — they're to let other drivers know how this car is feeling. inspired

ad tech and big tech sometimes know more about a young person than their parents do. young users don't always understand what they're sharing. they've got messages stored here from when i was... must have been 13, 1a. should more be done to control this massive market? are they kind of influencing children's life's choices? absolutely. tonight, who's watching the kids? i love social media. i've had a digital life since i was about 13. facebook, instagram, youtube, tiktok. now, these days, i almost feel like my digital life is indistinguishable from my real one. i mean, if i didn't instagrammed it, did it even really happen? i know that advertising is a part of this, and recently, i noticed the return of some old anxieties, alongside a high number of diet—related ads. it made me askjust how much do social media really companies know about me? and what impact is this having on children growing up today? i've come to holyrood secondary, scotland's biggest high school, to ask these 1a and 15—year—olds, are they on their social media accounts as much as me? i could spend,

big tech companies. we can ensure americans are sure of how social media platforms are using artificial intelligence to keep them hooked on platforms. let me just ask you, the information you provided that facebook conducts what is called engagement based ranking, which you have described as very dangerous. could you talk more about why engagement based ranking is dangerous and do you think congress should seek to pass legislation like the filter bubble transparency act that would give users the ability to avoid engagement based ranking altogether? ms. haugen: facebook is going to say you don't want to give up engagement based ranking. you will not like facebook as much if we are not seeking out the content for you. that is just not true. facebook likes to present things as false choices. let's say we ordered by time like i message or other forms of social media that are chronologically based. you will get spammed, you will not enjoy your feed. the reality is those experiences have lots of permutations.

is the bottom in for big tech? why some valuations once thought stretched could be your next big buy. >>> and then, why cathie wood is trading in her metro card for a pair of shades and maybe a tom 'ltey jersey wel ll you about that big move and it has nothing to do with stocks. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people,

bias and algorithms and predatory targeting risk reinstating jim crow in a high-tech form.of topics looks motion from the vicious content and vaccine lies is the latest reminder we can't trust big tech algorithms. the last thing we need moving into the payment system and other financial markets critical to families financial futures, the bureau's recent efforts to investigate big teche companies and invasion of the financial system and/or a piece of practices are important. we must continue. natalie industry, empowering people, giving people a tool to stand up to big banks and financial corporations and big tech companies with far tooor mh power in this country.. i know corporate interests and allies this building don't like that. remember this, confirmed unanimously by voice vote to be commissioned, no dissension from back not one of my republican colleaguesll in this committee d the 50 on the senate floor, even those who occasionally have stood up, not one wanted you to take this, they don't want the job to invest, it is not about you, you shouldn't take it personally. an

don't he from tech travel gigs? thank you. thank you. now even before to day senate, sasha, facebook was already in the headlines after one of the biggest outages in the tech . john's history, la facebook, whatsapp, and instagram used locked out for 7 hours on monday. even engineers were blaming 8 technical era. the problem cost, facebook alone, tens of millions of dollars in lost revenue disrupting business and social interactions, right round the world. outage is also reported across a variety of sites and services, including bank of america, tick tock, and linked in journalist and compensated chadwick. more question, how such a vast company could be so vulnerable to a technical failure? facebook? oh is a one trillion dollar company and i like these outages happen a lot. it happened in april in june of just this year. you don't see google outages or any of the big tech companies apple. busy happening quite so frequently, so it's a bit bizarre that facebook has a problem with this. it seems to be that all of their, these properties ocul