if i was a weibo shareholder, i would be afraid. i think hong kong was frankly taken private several months ago. it is an issue of control. i think it is not data. it is about controlling the most import political and corporate entities in the country. tom: i think you and i are on the same page as this. your job is to talk about it. my job is to ask questions. we talked to richard haass about american disarray. is this capitalistic financial disarray? chris: no, in fact, i think it is a beijing exercising its strength and perhaps taking advantage of an america in disarray, but also exercising strength. i would suspect we will see more of that in the second half. romaine: i am curious about what the effect this could potentially have on american companies. there's been a lot of reports about some of the issues tesla is having with regards to its relationship with chinese authorities. apple and the iphone basically wouldn't exist without its relationship with china. is there a point where u.s. investors, european investors need to st

weibo chairman state firm plane to take weibo private. this is a twitter equivalent, right?more or less a mashup of twitter, facebook, they have payment systems as well tied to it. this is huge here. we don't know if it is directly connected to some of the regulatory issues going on over there, but there's going to be a lot of speculation for this company to be taken private not only by its chairman, but by a state owned firm. adrs in the u.s. of 20% on this deal. david wilson is still with us. you have been doing this for 30 years. flat out, we have never seen this before. dave: i wouldn't necessarily go that far because we have seen it to some extent with chinese companies come over they have gone public and then pulled back and been taken private. you have to bear in mind, weibo here in the u.s., you've got to wonder, especially in light of dede, whether there ash in light have -- in light of didi, whether they will be more deciding to go private. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretc

those stocks that are prominent in today's headlines, didi, weibo.hearing this is a didi story, but it is really a regulatory global story as well. dave: there's no question. it's been quite the few days since it went public last week, in that $4.4 billion sale of american deposits they received. first, they start a cybersecurity investigation of the company, trying to figure out what they do with all of the data that the ride-hailing service generates. then you have the government weighing in and saying app stores, you've got to remove the didi app, so it has really been a one-two punch for this country. the adr is below the price at which they were first sold, actually below $12 as we speak. they sold at $14. it is certainly something that is getting people's attention. you are seeing other adrs fall in sympathy with the idea that the government is getting more involved with big tech. it certainly helps explain why, as a group, chinese internet companies represented in the hang seng tech index have been hurting this year. guy: i find it interesting

. >>> weibo is in talks to become ive.lay ♪ ♪ with xfinity you get every hour of every day ♪ ♪ different sports on different screens, ♪ ♪ you can watch it anywhere ♪ ♪ and with the voice remote ♪ ♪ you never have to leave your chair ♪ show me team usa. ♪ all of this innovation could lead to some inspiration ♪ ♪ and you might be the next one to represent our nation ♪ ♪ this summer on your tv, tablet, or any screen ♪ ♪ xfinity is here to inspire your biggest dreams ♪ >>> an update on the ransomware attack on kaseya, which could impact more than 1,000 companies. the hackers initially demanded 70 million in bitcoin, but experts say it could be negotiated lower that's nice. amon joins us with a special guest who has been tracking this since friday back on camera saw you earlier. great timing moves into -- you didn't actually -- there's no cause and effect there, you didn't call all these attacks because you started covering it, right you anticipated this >> cybersecurity is an area i've been interested in since back many 2013.

. >> this morning within last hour weibo going to go private listed on u.s.their position it is a murky waters of privacy law here they are probably looking at u.s. regulators considering privacy regulations changes if you take these platforms out of hong kong if they leave what happens to the protesters? what happens o to their ability to organize, their ability to speak out against the chinese oppression? as you presentation crackdown on voices, wig picture the hong kong o protesters, some not ripe for doxxing chinese army officials but a terrible situation for trying to move the ball forward on free speech and freedom in hong kong. cheryl: weibo a social media company the loss of freedom of speech more loss in hong kong, really is a shame we are staying on this is for sure thank you. >> president biden shifting policies former cbo director douglas holtz-eakin is going to explain the impact next, plus good-bye bugatti, selling the sports car business to make room for something new you may not agree with the decision. that is coming up. hey, guys! they have

traded shares of weibo ending tuesday are up almost 7% after jumping almost 40% at the top of the daythis came after a report that said the state investor or in talks to take the company private. a statement denied that report. this is bloomberg. ♪ caroline: next-door is the latest company to go viral. the social media app will merge with a company created by a venture-capital billionaire. it is valued at $50 billion. we spoke with nextdoor's ceo. >> next-door is already in one and three households in the united states. we are primed and ready for growth. what these proceeds do our, number one, they let us continue to grow new neighbors onto the platform. it allows us to keep adding personalization, so when you come as a neighbor it feels like home. it's a place where you want to meet the people around you. and we want to keep investing for businesses. small, local businesses that strive in local communities, but also our proprietary ad. beyond that, it's about going global as well. we know next-door works in every country around the world, we need to get it there. >> you talked about

had the weibo fiasco with reuters and others, and then up and down we went.think you are absolutely right. this is the federal politics of china preempting all. jon: are you surprised we haven't heard more from washington, that a foreign company came to the u.s. for a significant amount of money, and the chinese communist party made its move several days later to clampdown on that company? tom: i don't get is on their radar. they are worried about trying to get the primary season started in 2022. i take your point, they should say more about it. maybe gary gensler will say something about it. jon: coming up, abby joseph cohen of goldman sachs. a timely conversation on what feels like for many of you an inflection point in this market. 10-year gilts down a basis point. from new york, on tv and radio, this is bloomberg. ♪ ♪ [ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing

now it is up only 9%, because the chairman of weibo has denied the report. there you have it. going on here. lauren: let's see if it tests support of 35,000 instead of the other way of 30,000. if it goes down to 30, that could spell trouble. there were two negative catalysts, they are similar to catalysts we always see whether regulation or crackdown. the first is a "wall street journal" report that the sec chair gary gensler told house lawmakers that investors protection rules should also apply to the crypto exchanges. that is one headline moving cryptocurrencies. the people's bank of china ordering a software in the country to suspend operations because they were suspected of being involved in trading with cryptos. like i said, you have the regulatory headwinds. you have the crackdown story, moving the crypto market today. we'll see if we can find support for bitcoin at 35 instead of 30. ashley: exactly. we'll find out. good stuff. also show me didi. that is the chinese ride-hailing service, tanking this morning, down 22%. is this fallout from china's crackdown? lauren: abso