when twitter's former c.e.o. quit his post in july, a reason given was the failure to make products more appealing. figuring out what twitter can do, what it is, is a challenge that goes back to the founders. they called it a social network. they called it microblogging. it was hard to define. quitter was an information network than a social network. if founders were confused when they came up with it, it's no wonder journalists are trying to figure out how to use it. >> twitter is an important compliment to the process of news gathering. it is a compliment. it needs to be used in consort with journalism professional. there's half a billion sent every day. >> it's a matter of taking that data. it is a lot of data, and figuring out how to sift it to find the needles in a haystack. >> it's harder to have people believe what you are saying. there's so much noise. everyone is selling something, an agenda, product, media organization. so much noise. i'm a fan of live-tweeting news events because i think it's the quick

dick: the challenge we have is the distance between awareness of twitter and engagement on twitter.hat causes people to say, well, i don't get why i would use it, so i do not get what it is for. i deeply feel that the platform is the very best way to connect in real-time to what is happening in your world. emily: twitter is the very best way to connect to your world. dick: right. things like live, in the moment, this is this amazing thing i am watching right now, live broadcasting, live video, are going to be the future of the platform. i really think that is the future of the platform. emily: there used to be more concern about how twitter was going to make money. now twitter is pretty good at making money. dick: by the way, it was, in 2009, 2010, 2011, sure, it is an amazing platform, but there is no way you will ever make money. but that is not a concern. i think we did a really good job proving that wrong. emily: now the concern is about user growth and product innovation. what are you doing to improve the core user experience? dick: for example, when you first come to the platf

twitter. twitter's present and future depend on the flow of ideas, information and opinion.m also pleased that this award goes to twitter because of its principle stand on an issue that was at the heart of coverage a year ago by the "washington post", massive surveillance by the national security agency which others have spoken about here tonight. in service of that surveillance system, the government has compelled large technology providers, including microsoft, google, yahoo! aol, facebook and apple to turn over millions of people's private data. disclosures of the breadth of surveillance touched off of debate. as the aclu noted, surveillance carries profound implications for press freedom, the public's right to information and the right to counsel. in the subsequent furor over those disclosures, many technology companies sought to tell the public more. they wanted to reveal statistics on broader law enforcement requests than they were already publishing. the department of justice resisted. but it ultimately agreed to allow publication of broadbands of certain types of nat

at twitter, he accepted the radio twitter and digital news association first amendment award. his earlier work was in campaign politics. he developed expertise in strategic communications through his work in the electoral arena. today we'll talk to him on a variety of topics, including leadership and what makes organizations work better. we'll have a chance also to celebrate with him as i mentioned, this 50th anniversary of the free speech movement. so it was exactly that '64-'65 year. for those of you that know the free speech cafe, and the pictures of mario savio, it's a remarkable tradition for this institution and one that lives on for all of us. it is an important part of this institution, an important part of our society, and it is the notion of freedom of expression is not equally appreciated throughout the whole world and those different value judgments on where one draws the lines on expression is a very active area worldwide of policy and management. so there's much to cover. let me introduce to you gabriel strickler, and thank you very much for being here, gabriel.

twitter's interim ceo jack dorsey buys shares of the company and tweets he is investing in "twitter'suture." and, we hear about the hot main names you may not expect. a first for mankind. astronauts eat food grown in space. what it means for trips to mars. all of that is on bloomberg west. take two shares dropping. the maker of grand theft auto misses on shares and beats on revenue. joining me now is the coo of superevilmegacorp. corey, i will send it to you -- what is standing out to you about take to, ea and activision? >> we are looking at how they are setting themselves up or the sweet spot in the consul business. -- console business. when the number of consuls out there ramp up. we know their games are well loved because beyond the grand theft auto franchise were other big games. but what we see from the reports is that the sales were very strong going into this. and there in about 26 million consuls of the newest -- consoles of the newest units. we are going from the xbox one almost doubling in one year. take two is important because they are going into a larger market. none of

emily: twitter shares close at their lowest since their opening. does it make them an easy acquisition target? i'm emily chang and this is "bloomberg west." the stripe ceo joins me to talk about the company's $5 billion valuation and taking on paypal. the ceo of github with more on the future of open source. first to our lead -- a stock we are watching -- shares tumbling to the lowest price since the ipo two years ago, pushing twitter below $28. this has been a steady march down after the comments from the interim ceo, jack dorsey. julie: it is going to be a long process for the company. we did see them touch an intraday low and record low. the slide was set off by the earnings report that the slide also began when you saw it fall off a cliff earlier this year at the last earnings report, when the company was cautious on its outlook. twitter has had a hard slog for a long time, down about 18% year to date and touched the lowest price since its ipo. we will see if it indeed is below its ipo price. sentiment surrounding twitter is not strong right no

we have twitter eating away at things.re are questions as to whether the moonshots amount to anything? sarah: this is the time to make the move. you have a good quarter and you make the moves that would otherwise be seen as a sign of defeat. they are doing this while their stock has been on the increase. so, you know, this may be where they can get away with it and it shows commitment to the core business in a different way. emily: to recap, larry page became the ceo of alphabet inc., becoming the president -- a collection of companies, including google. the day-to-day runner will become the ceo of google. david, as someone who has covered facebook for a long time, what will you be watching for in the new world of alphabet, which has been google. david: i'm trying to digest that. i am reminded that -- and somebody was interrogating me, "why does google do google maps?" most things they have been doing try to drive you back to their service to see more advertising. maps is one of those. the new stuff like the car, the life

you got this. >>> twitter shares fell more >>> twitter shares fell more than 12% this week and that'sews for cohen carter and here's why. on "options action" is how we make trades trend. risk less to make more. that's just what cohen carter did with their bearish bid on twitter. carter felt twitter could tank on earnings. >> literally 50/50 kind of thing. i'm taking the 50/50 downside on this. >> but shorting the stock could lead to social destruction. so to define his risk, mike said the august 34 strike put for $2.10. now to make money, mike needs shares of twitter to fall below $34 by more than the cost of the trade. or in this case, below $31.90 by august expiration. spending $2.10 just to get against twitter -- >> it's not even a question i'm considering right now. >> so to cut his cost, mike sold not one but two of the august 30 puts collecting a total of $1.60. but he did something jack dorsey can't do, making money easier and here's how. between the $2.10 he spent on the higher strike put and the $1.60 he collected on the lower strike puts mike cut the total cost of his trade

jack buys shares of the company he is investing in "twitter's future."nd, we hear about the hot main names you may not expect. a first for mankind. astronauts in space and what it means. all of that is on bloomberg west. shares dropping. the maker of grand theft auto misses on shares and beats on revenue. ofning me now is the coo perevilmegacorp. what does this mean? >> we are looking at how they are setting themselves up or the sweet spot in the consul business. -- console business. we know the games are well loved and it goes e.on grand theft auto. -- beyond grand theft auto. the sales were strong. we are going from the xbox one almost doubling in one year. two is important because they are going into a larger market. none of the release date seem to have slipped. the games are seeming to do quite well. at this point in the game, the re is not as sha important as it will be next quarter. that was a game joke. host: unintended. i want to send it out to you, the investor in activision. grand theft auto game going to take so many years to come out? i thin

. >>> cohen carter bearish on twitter.y'll tell you what they see for the stock right after this. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. thousands of hotels when ywith travelocity,off it means you can also afford to get up to 50% epic-er epic rides. making it the place to find a place for summer escapes. go and smell the roses. hey mom, you want to live by the lyeah.right? there's here. ♪ did you just share a listing with me? look at this one. it's got a great view of the lake. it's really nice mom. ♪ your dad would've loved this place. you're not just looking for a house. you're looking for a place for your life

how about the public offering of twitter? does the change of ownership and control, did it have an affect? >> you know, i think when we were in the process of going public a lot of people -- there were many folks on the sidelines saying all of twitter's talk of being purpose driven or what have you, get ready, it's all going to go out the window. and i tactually think that when part of the significance in some way is of our lawsuit was eye opening for many of these people. like, oh, wow, these guys are going to stick to the values they've been having all along. but of the speculation that exists around how becoming a publicly traded company would change us i think somehow some way part of the -- this was the conspiracy theory premise of it all oh, now that they become a publicly traded company and are beholding to investor interests, they will sell out their values in order to adhere to these financial pressures which have existed all along. ps, those pressures did not exist all along. it never was the case in all of our time

i think the same thing's going to happen with twitter. >> speaking of twitter, still aheat hunt for twitter'sd they announce the new c suite as early as next week? kara swisher's going to weigh in. f cnbc, first in business worldwide. here's what's coming up this hour. >> this is the fabulous life of filthy rich billionaires. okay, robin leach, we've got you covered. because we're here in the bay area taking a look at some of the most luxurious homes san fran has to offer. from wine sellers into fint pools. we'll take you behind the real reason this city is on fire when it comes to real estate. plus serving up a burger with a side of options. no, not extra pickles or special sauce. we're talking shake shack's new options that officially came to market today. but they could cause indigestion. and we'll tell you what it is that has some traders upset. coming up after the break. ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with vars

my mom's on facebook and twitter. she does her thing. but i think people assume that the way that we're interconnected is that we're self-absorbed. because we're constantly sharing and putting things on twitter and instagram, that it's a sign we're not paying attention. i think it can be indicative of the potential for connectivity that we have, and how that connectivity can actually be used for broader scale change. when it comes to things like civic technology, where folks are actually taking advantage of that connectivity, to actually build stronger communities, you know, allow for sharing of resources, there's a lot of potential there. so i'd say interconnectivity for that reason. >> let me do a different one, just to change it up. what should our leaders know about young people? sara? >> what should our leaders know? >> yes. >> that we're watching you. that we're watching you and we'll tell everyone what you do. yes? everyone's got their phones? it's true. i think that if leaders understood that -- how many of us have seen -- and we

emily: let's talk about twitter -- twitter has been feeling a lot of pain for a lot of reasons. they broke their ipo price. jeff, you sold a couple companies to twitter. who should be ceo? who will be ceo? dave: i'm not -- here's the challenge. why is twitter in the situation they are in? emily: user growth. dave: it's value to the customer, and i think it's innovation. when you look at companies who hit that stage of growth and plateaued -- like amazon. jeff bezos was essentially a bookstore and then they began to innovate, and they created more value. you saw amazon on-demand. the current leadership hasn't figured out how to continue to innovate. i will go back to my tagline -- it's customer value. jeff: twitter is still too complex to use to appeal to the mass market. it is a great media distribution mechanism for brands, but for the average user, you don't understand all those limitations. emily: what about a triumvirate with ceo, adam baines? you think they need new blood? jeff: there is a way to go. we will see whether having founders at the helm of the company will change

this woman has a stern message for twitter shareholders. and she'll reveal it when "options action" returns. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. ahh... steve, other than making me move stuff, ces. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this. >>> the moment foods and options fans have bee

your twitter account -- >> only rosie o'donnell. >> trump was the most-mentioned candidate on twitter. just over 30% of all mentions, followed by ben carson, rand paul, mike huckabee. the debate was also great for social media in general, facebook sponsored the debate and its logo was everywhere. the #gopdebate still a top trending topic on twitter. we know that ratings likely set a record for partisan debate. 16-share, people were anxious to see this and talk about it. >> you know who the winner was last night in addition to trump, obviously? it was fox news, we're going to talk about the media implosion of all the stocks in the past week. the fact is that fox owned a ton of mine share and whether they were the network delivering it over the top or over a cable system. they were as prominent a winner as facebook last night. >> i think facebook in the social media realm won from my perspective. i had kind of a weird view of this. i was on a plane listening to it from a sirius xm stream, my wife was texting me, i was on facebook and twitter. the interaction from my friends on facebook

facebook as well as twitter took down the video and pictures as well. but it does lead to a question, jon, at this time, which is how is he posting those video? was there a negotiation happening with law enforcement? are there other videos there as he was attempting to record and report this entire crime. >> it is one of the strangest and saddest things i have seen. because of the power of modern smart phone technology while he is rolling down the interstate with police in pursuit and maybe not he would have been able to upload the videos he shot himself aapparently or filmed himself of him shooting this camera crew he had this beef with. he could have done that using cellphone technology as he is rolling down the highway and that is apparently what he did. because we have both seen the videos prior to them being removed from facebook and twitter. >> jeff marks, again the station manager, did admit to us while bryce williams worked for the station he left at their request. interesting to note when asked mr. marks about whether or not there was any conta

. >> twitter shares getting a boost in hopes of new leadership. kara swisher in her "options action" debut will tell us who she thinks should take the top spot when we come back. ♪ here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. look aon tripadvisor.l hotel wait. why leave the site? don't you know the tripadvisor you've always trusted for reviews, book! now checks over 200 websites to find the best price? book...book...book! over 200 sites checked to find the best price. so don't just visit tripadvisor... book at tripadvisor. ahh... steve, other than making me move stuff, ces. what are you working on? let me show you. okay. our thinkorswim tradin

twitter at its lows since the ipo.iller will be back to talk about that, cory johnson giving us perspective on the trouble that twitter faces as the stock falls below its ipo price. they need to make the money. find out how to monetize their company. thank you, alix steel. she will be back to take you through the market close. the dow jones industrial losing 300 points right now. this is the bloomberg market day. ♪ scarlet: all right, we have breaking news. we are watching the markets accelerate with the dow jones down by three to points. we will check in with matt miller who has all of the numbers for us. matt: the tao right now to hundred 85 points -- the dow right now down to hundred 85 points. of course, it has been three most of theines for major averages. the s&p 500 at the lowest level it has seen this session. point 3%. down to you saw most of these stocks off -- the ftse was better than the cac and the dax. and asia and markets kick this off overnight with cause expand -- with cause extend -- kazakhstan allowi

i think that italian view angered people at twitter. i think he definitely knows how to push their buttons. he doesn't call himself an act viv shareholder but that's precisely what he is. >> isn't 50% of a visionary better than 100% of a manager for twitter at this point? i mean, take a look at apple post steve jobs. >> they had 100% of steve jobs if i recall. >> they did have 100% of him. but i could easily imagine them getting 100% of jack back after the square ipo. so to me i'd rather have 50% of the visionary at this point because it seems like they've got zero guidance as far as that is concerned. >> it's a silicon valley myth the founder coming back and saving things. it's only happened really once and it's steve jobs. i think jack dorsey's really talented and stuff like that. but it's really -- it's a myth that is not necessarily workable all the time. jerry yang came back to yahoo! that didn't work out so well for yahoo! and for him. >> and he he did have the alibaba -- he saved the company. >> that was jerry semel. >> a lot of

he expects their location on twitter -- expects clarification on twitter search developments. i also ask marc andreessen who he thinks should become the next ceo of twitter. -- if think is jack or jack or ev ended up back in leadership at twitter that would be great. emily: the white house is tracking potential companies aimed at individuals and companies in china for hacking networks. the discussions come at a particularly sensitive time. china's president xi jinping is scheduled to make his first official state visit to the u.s. month. that is also concern sentience could trigger further attacks. -- that sanctions could trigger further attacks. marc: the department of defense was the first customer of all of the new technology companies. over the last 25 years, the defense department focused more on large federal contractors. there is a much later focus in duty in working with early-stage at d.o.d. in working with early-stage companies. cyber security is a perfect example. even professional warfare is heavily influencing -- the future of it is being heavily shaped by new tec

i think twitter -- the way early twitter users used twitter is not the way that users use it today.here is something twitter is losing moving away from that. but being a global place where people -- the best people in the world can talk about things is a neat, unique position. emily: why is meerkat not dead? why does it have a chance? john: meerkat is doing really well. madonna released her latest single on it. it's time for this to take off. one button and you are broadcasting to the world. it feels like an opportunity space that is very large. david: i think it is too early to write the story of the winner or loser in that cycle. emily: there has been a rise in angel investing. angel list has created a structure by which you can invest in a person who invests in companies. how does that impact you guys? do you worry about that? john: there are more companies getting created no matter how you look at it. our goal is to figure out which ones are interesting. we have a few different -- emily: that is such a politically correct response. john: it really isn't. when you have a billion

long-term engagement when it comes to twitter. a filing that jack dorsey has disclosed a purchase of 32,000 shares. following that purchase, he has a lot of twitter stock. now beneficially owns 21.9 million shares. there's reports last week that anthony noto filed to buy shares. >> they did, and they're giving you blow by blow of guys who buy. the good thing is they can't sell for six months. it's funny. anthony noto used to work at the nfl. i thought this deal was good for twitter within the confines. f there's a lot of reasons to own twitter with what could go right. any time you're affiliated with the nfl, things will go right, other than things that are outside the lines that we don't want to see from the san francisco 49ers? >> i'm going to see a lot of video and highlights? >> there's money involved so it's not just all bluebirds. there's money involved. >> and this is on top of the news that dick costolo may step down. >> that was always intended. i think we talked about it when we stepped down initially. you don't want the

the slowing growth is an issue for twitter.ues that is not a huge deal for this company is the lack of profitability. the lack of profitability is principally a result of issuing stock options, it is not a cash issue for them. once you strip out the stock-option costs, you see a business that will do about $250 million in revenue in the current year. generate --a lot to betty: $17 billion. who has the money to buy this company? losses andof the stock options, and would not be -- it would cause their earnings to decline after spending that $17 million. look at compass like apple, microsoft, google, facebook, they could afford to do such a deal. , their earnings power has been so strong. who can imagine what the ultimate price would be? will twitter find a way to work out these problems on its own? they don't know who their leader will be in the future. mark: cory johnson joining us live from senator scott. thank you so much. -- live from san francisco. betty: i still need to get mark crumpton on twitter. a good time for me to le

at twitter headquarters in san francisco, 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪ ♪ ♪ ♪ ♪ >>> good friday morning, welcome to "squawk alley," joining us as always is jon fortt and kayla tausche. where the sell-off does continue. the market is in the red. the bulls made a couple of attempts, but we're not far from session lows. the dow tracking its worst week in four years and the s&p in spitting distance of a 1 handle. biggest losers of the week include netflix, ross and intuit. two portfolio managers joining us today. good to see both of you. are you sensing what, orderly selling? panic selling in what's your sense right now? >> i wouldn't call it panic selling. global growth is decelerating, we were at valuation points where we were over-extended and now we're seeing a readjustment. what's occurring is that the china deceleration of growth is now starting to take effect in the emerging markets area leer. so you're going to start to see general credit market dislocations, potentially on the high yield side. you're sta

they picked twitter. i think this is the beginning of a very nice monetization run. >> i'm shocked there are no rumors floated about who could be the ceo? other than jack dorsey can't, he's too busy -- >> adam bain runs their ad business and we're talking about the ad business, which is what fuels his company. he's very competent. madison avenue likes him a lot as well. his name is still on the list. but the board isn't indicated one way or another. they need to make a decision soon otherwise this 9% pop isn't staying around. >> wh who do you think -- >> i think it's dorsey's job to decide on. the only thing i think is if it's not him, we need to see an outsider with -- >> the question is, how do you value a company like this? >> there were always monthly average users and convincing wall street -- it was sort of the facebook model. do you have to look at it a completely different way? >> yes. i think this is fundamentally not facebook. facebook is where to go to hang out. it's your social life shared wit

i am on twitter.t of luck for the rest of your day. ♪ francine: the people's bank of its dailyhes reference rate triggering its biggest one-day loss in two decades. manus: google transforms itself into a conglomerate called up about, as the tech giant searches for a new feature. a rescue greece -- package that could be worth 76 billion euros. a rescue package that could live into "the pulse," london. i'm francine lacqua. manus:

i love twitter. >> i hope for the day when there's no twitter. >> no you like twitter. >> no i don't.re everything gets blown out of proportion. do you know how many lions have been killed in the past 30 years that we didn't know anything about. that's a total twitter story right there. right? i love cecil. i love him. he's regal and beautiful and we have to find that dennis and do the same thing to him. >> do you like the stock? >> i don't. >> has it surprised you at how -- >> i'm worried about facebook too. i can't believe that the market cap -- >> they're going in two different directions. >> the metadata is going to be used to customize anything you want to sell to anyone you're going to know exactly how to do it. that's sort of why it's worth -- it's getting close to that. >> that's unbelievable to me. i love twitter so much more than facebook. >> you can't use instagram instead of twitter because twitter cannot grow it's monthly active user which is everybody talks about. it's stuck at around 300 and whatever million and they're looking for a new ceo so lack of confidence in the

when i went on it did a pop-up and said follow the vmas on twitter.'t think that was a paid placement. that spoke of desperation for twitter that they would basically give a free ad for mtv moususic award. that should be a paid placement. that shouldn't be a free message. >> working in reverse. that does bring us to twitter rallying after being upgraded to buy at sun trust. a bunch of catalysts coming soon including a clarification on twitter's management and peck did say we were going to get news on that last week. obviously we did not. >> people are saying before labor day. will the market be happy with the triumvirate of president, williams being chairman, and jack being ceo. that could be a negative as well. one like from the peck report. twitter has recently started or is many to have partnerships we think could raise users and engagements in 2016. it's like deja vu all over again. how many times will we see this line that twitter could soon be doing things -- i read peck's report. he's saying it's cheap. it can't get much cheaper. a 40% haircut

that is the essence, and that gets back to the twitter, like twitter, love twitter, hate twitter, i would not be a buyer of twitter. i don't care if you are a value investor, go-go investor, whatever you call yourself, now is the time to buy. if you look at the chart of twitter, this is ironic. i have a rule of thumb, when i stop or pare down use of a product or service i sell the stock. i had twitter for a long time, and honest to god, deirdre, the middle of this year, i didn't stop using it, i only did it once a day as opposed to all the time, and there must be people leaving the twitter user community. i think their ad revenues are going to go down, i seem to be an indicator. i think twitter is going to have trouble, i would not be looking to buy it. deirdre: looking at that from a fundamental point. we'll take it. gentlemen, hold those thoughts. we'll be back with you in a bit. i want to focus on the dow. when i talk about the markets, tend to talk about the s&p 500. today's importance can't overstate it. so many key levels broken this week and the dow, here's the reason to focus on i

you can interpret that as anyone who wants to use twitter is using twitter, people who don't want tose twitter are not going to use twitter and that may be the total of its growth unless it changes something. >> which will be interesting, unless it can make more monetizing or something, but that might anger users. >> you don't think of twitter as niche bottom line. >> we don't. do you know what, it is. >> interesting. >>> 6:17. all right. ladies, how many of you grab maybe a little cardigan before you head out the door even in the summertime? women in the workplace often teal they're working in a refrigerator. new information may point out why. researchers in the netherlands uncovered the temperature in many offices based on the needs of men. apparently men have faster metabolic rates so they are more comfortable when it's cooler and women in the summer are likely to wear lighter clothing when men wear suits and ties all year long. >> i will take off this jacket and put it over you. >> now, that's a true gentleman. >>> here is your microclimate forecast. a look outside from the san b

in the meantime, follow me on twitter. you will find me @markbarton. twitter?ick of the ipo price -- ♪ manus: worldwide selloff. global stocks had for their worst week of the year, accelerated by the poorest chinese manufacturing data since the global financial crisis. siegrist quits. the greek prime minister says he is stepping down and calls for snap elections. can he ditched the dissenters? and, ready for war. kim jong-un orders his troops to be fully armed and prepared for combat after exchange of fire with south korea.

mark -- sell twitter?t is worth pointing out that he is the guy that got them there. jack dorsey has been on the board, he's the founder of this company, he's led the company of not from the ceo seat, and he certainly has been ceo at times. he has helped to guide them to where they are right now. he has another full-time job with the company square which has filed to do an ipo. he's plenty busy and has something else to do. it's the kind of position where we know new management is going to come. it's also worth looking at what this business looks like from an earnings perspective. if a company like apple or google were to buy this, at the current price, it would not be and accretive company. dilutive deals are not done in this market. the only company that could buy twitter in its current state at its current price, let alone at a higher premium, would in fact be facebook, but facebook does not appear to be very interested because there product is so competitive with twitter. pimm: thank you very much, cor

emily: are they going to buy twitter? [laughter] hans: i don't think anyone will buy twitter.t is a complete separation. emily: thank you for being with us. we will continue to monitor the goings-on in china. coming up, cisco earnings are out and chuck robinson is leading. we break down the numbers, next. plus, tinder takes offense to a vanity fair article in an epic way. that is next. ♪ emily: cisco releasing better than expected sales in the fourth quarter. the first earning reports for chuck robbins as ceo. the analyst call happening now. editor at large cory johnson is with us. how well set up is chuck robbins for success? cory: if you look at the guidance, you say big deal. they always beat by a little bit. the guidance is basically in line with what people expect. but if you look under the covers, you can see a change in business. chuck robbins is benefiting. he has said he is only been in the job for a few weeks, but they are in good shape. one of the things that jumped out at me is in the deferred revenue, not the earnings-per-share, where you saw growth of 4%, if you

get to go to my twitter account or fran's twitter account or yours.n: what is manus cranny's view of global markets? twitter selling off. apple. there are red lights all over it. manus: i watch video just today of various guesses in the states . we have one who says -- he will be up to give us the global view of a banking. global view of how the world looks at him. he is -- this point trades robert. -- trades rubber. his view is more relevant. i think we have more basis covered. the one thing that draws in my mind is 2% inflation by central bank. why does it bother? jonathan: we will leave it there. why do they bother? me that should be the twitter question of the day. you will be coming up after the break. the ftse 100 just pulling back. we have a five-day winning streak. we come back into the red. the text down. -- the techs down. i want to have a look at the fx market. european has been trading sideways. aussie dollar has been expensing a spike. and stronger euro this money. up 1.35%. rates at a record low. unchanged at 2%. some adjustment for the

twitter.mes a day do people talk on my twitter feed on why it should be had and bought and why can't facebook own it or don't all of them need a social media component? all of that would be spot on if twitter were doing better. but we know from the last conference call that the company is not doing well at all. don't take it from me, they told you. it has no real growth versus the successful internet companies and management saying they don't have their act together genuine self criticism. i wanted to give them a hug and say, don't worry about it, everything will be okay. but it isn't. thousand, you can argue that the perfect case for someone to come in and turn around the company is twitter. however, we know twitter is on the verge of name ago a new ceo, that is a whole other kettle of potential stinking fish. i worry that they are go to be a zulily situation. another company swooped and bought it well below the price that it went public. the difference, zulily is a tiny acquisition, drop in

so twitter is currently blocked in china.s much as we would love for people in china to freely access twitter, they cannot. and what we've said is that we're unwilling to make the kinds of sacrifices that we believe we would need to make in order to be unblocked there. perhaps there is a world in which twitter could be unblocked, but it would require sacrifices that we're just not prepared to commit to. because of our values. and in the case of google, i would say it was very similar. just the difference was, for us at the time, to continue operating there, it was requiring levels of sacrifice that we were unwilling to continue to sign up for. and you could absolutely argue, as it was argued extensively internally at the time, that being there, even in this diminished capacity and giving people some access to the service is better than nothing. but what i'll tell you about the experience at the time was, we, the premise of it was, well, we'll be there and hopefully the trend line will be one of sort of greater and greater ope

candidates going back and forth among twitter. 18 to 24-year-olds are not using twitter.'t know what they're using. i'm too old. they're not using twitter, i guarranty you that. they're using snapchat or something else. liz: talking about hillary and jeb but i think we should be talking about bernie sanders. second in the polls to hillary clinton on dem side. what are you, peter frampton? he sold out the l.a. sports arena, 27,000 people, chris. >> to be fair, liz, he plays ridiculously good jazz flute, bernie sanders. he has something to say. look, there is always going to be crowds on extremes in both the right and the left. people want to see somebody who is saying something, right? the guy in the middle says i have some policy decision -- the guy says i will shake everything up, throw out what is once there, that is guy that gets crowds or woman. liz: that is donald trump. keep it with earn about any sanders for a moment. is he a threat. >> i don't think there is anything for republicans to worry about. i think would be easier to beat than hillary in general election.