mark: tom giles and mahaney. fund, ourillion tech exclusive interview next.er something to be imagined in a galaxy far away, we will tell you how scientists capture the first image of a black hole. this is bloomberg. ♪ emily: a major move for softbank, the japanese morgan tote with j.p. see a $5 billion technology fund focused on latin america. i spoke to the coo about this new fund and about the opportunities in the region. >> when you look at the market, the latin american market is half the amount of china, it has the right technology, we are looking at tech companies that are growing and the leveraging data and artificial intelligence to disrupt traditional business models. in the first few weeks we are looking at 140 companies, way above our expectations, and the investment we plan to launch in the latin american region. just a140 companies in few weeks. the fund is raising record capital when dry powder is at record highs. how does softbank stay disciplined and put so much capital to work at the same time? i think we have been quite disciplined. we have

tom giles, thank you. mark is sticking with me to talk snap.g up, snap extends its rebound after picking up another buy recommendation from rbc. this is bloomberg. ♪ ♪ emily: snap continued to rally on monday with shares closing at the highest level since mid august. that is in part due to picking up another buy recommendation from rbc capital. just last week, snap announced a suite of new products and services including eight videogame business. still with us, mark from rbc capital. what makes you so optimistic about snap? mark: this still remains the most controversial name in large cap internet. that skew is dramatically more bearish than you would find for -- name any stock you want, twitter, facebook. i thought that was interesting. the popularity of this asset hasn't changed. if you look at the most downloaded maps, snap was one of the top five most downloaded apps. the second thing, they have had an android problem. this is an app that has full integration. when you open snap, you open up your camera. it has to be fully integrated into t

emily: "bloomberg tech's" tom giles and rbc's mark mahaney.g up, softbank is hiring a trail of industry veterans to oversee tech funds. our exclusive interview with marcelo claure next. and no longer something to be imagined in a galaxy far away, we will tell you how scientists captured the first image of a black hole. this is bloomberg. ♪ emily: a major move for softbank. the japanese conglomerate has tapped industry veterans from jpmorgan and elsewhere to see a $5 billion technology fund focused on latin america. i spoke to coo marcelo claure about this new fund and about the opportunities in the region. take a listen. marcelo: when you look at the market, the latin american market is half the amount of china. it has the right technology, we are looking at tech companies that are growing and the -- and that are leveraging data and artificial intelligence to disrupt traditional business models. in the first few weeks, we are looking at 140 companies, way above our expectations, and the investment we plan to launch in the latin american region

caroline: let's bring in bloomberg technology executive editor tom giles. stuck out to you aside from the fact that shares are moving lower after hours? tom: my look is the revenue miss. it is not a huge miss, nothing very dramatic, but in a period where you are seeing companies like facebook and amazon do well in digital advertising, if you are google, you really can't miss. you need to come in at or above expectation. up pointed out that stock is , closing at or near a record. there's a lot of high expectations going into google's results. facebook -- think about the problems that facebook has had with trust, with misinformation, and the list goes on. and yet they are able to post a double-digit increase in advertising. if you are google, you do not want to be missing on that advertising line. is: do you think there something fundamental that is allowing facebook to continue to thrive? facebook still is a ways away from its all-time high. the bar is still considerably lower for facebook. i think facebook has this great property that is instagram. that is