part of the reason i started youtube was to democratize video.do that, traditional studios, labels, and networks shouldn't get better deals than the regular creator. emily: what is a fair percentage? chad: who knows? it is up to them. emily: more than 50%? chad: potentially, yeah. emily: netflix, yahoo!, buzzfeed, hbo and facebook are doing native video. twitter is getting into video. what is the future of youtube in this world where original content is king and there are so many places to find it? chad: it is a good thing because it means more advertisers are going to move their money into online video. all the big players, facebook and twitter, doing online video means more money for everyone. emily: susan wojcicki is the ceo of youtube now. how often do you talk? do you ever pick up the phone and say, "hey, susan, i think you guys should be charging for v.o.d."? chad: we trade e-mails from time to time. again, she has done a great job at google and will do a great job at youtube. we have had a chance to meet from time to time. i had not been b

is the ceo of youtube now. often do you talk to her and say, hey, susan, you guys should charge for dod? vod? the od -- chad hurley: we trade e-mails from time to time, but she has done a great job at google, and i am sure she will do a great job at youtube. we have had a chance to meet from time to time. i had not been to the youtube offices in a while. i went back for lunch. i was surprised they are continuing to expand their offices. it is always a treat to see that, but just to speak with her in person, she is focused on the right things. i have told her the same things i have told you -- i think you have to go back to your core. it is about providing tools to your creators. it is about supporting the community. some of the reasons i left -- i felt like i didn't want to stick around to be the token founder. it's actually about creating tools and opportunities for people to create better content. emily: you recently sparred with mark cuban online, who claimed youtube couldn't get anything right, so you tweet

youtube has been sort of one-dimensional in advertising.mily: what other business model should they be implementing? chad: you have different forms of v.o.d. it is giving the tools directly to creators and letting them determine how to monetize content. if they want to charge subscribers and how much. if they're going to charge subscribers, what type of content? there are other models after that point to advertising. so i think it is more about options for the creators and providing tools. helping people create better content. they tried to do that with the studios, but i think there are more tools for the regular creator to create content. emily: you think youtube should be charging consumers to watch certain videos? chad: i think that is an option that they have. emily: and paying creators more. youtube has always been criticized for not paying creators enough. chad: i think youtube should be more transparent with terms and not make it a negotiation. i think it should be a level playing ground. part of the reason i started youtube was to

they come from youtube.why are hundreds of fans spending hundreds of dollars on beauty products? abbie boudreau heads to beauty con to find out. >> reporter: it's a big day for 15-year-old megan. >> i'm beyond excited right now. i'm about to explode. >> reporter: but if you think she's making a three-hour trek to l.a. to be at a boy band concert, that's so five years ago. this is beauty con, an event that unites thousands of selfie-taking teens with their idols. fashion and beauty candy johnson are here mingling with the masses. who did you say you were most excited to meet today? >> candy johnson. >> reporter: these small-screen stars have picked up millions of views and picked up big-time money from detailing everything from their morning routine to their favorite new products. megan is part of a new generation of super fans. >> oh, my god. >> reporter: who swear by these videos and the products these stars endorse. >> i also got their soap which smells like a little bit of heaven, i think. >> reporter: ho

youtube is a big part of that. they are saying on the call that youtube view time grew 60%. despite the fact that you've got youtube ads that are bringing in a little bit less per click than youtube, than googled traditionally expected, despite the fact you have some head winds with mobile, youtube is able to make up for that. talking about expense discipline saying yes, they are going to continue the things they have been doing on expense discipline but revenue growth continues to be a priority and they are emphasizing the fact they see multiple ways to grow revenue, but as they do that, they also are looking to continue expense discipline that allows you to have a bottom line that has the street so excited, as well. she's only been on the job there about six weeks. she says she's going to have more to say about some specifics and areas and how they will look and treat things like nests that aren't going to produce significant revenues for them until quite a bit in the future but the street still happy to see this, what would be 18% growth constant currency ended up being j

there is talk this could be a hit for youtube. could facebook kill the youtube star?ill all play together. >> everybody wants to know what the future of the digital space is. emily: so much video is consumed on facebook as opposed to youtube. >> people consume at their own convenience. i think everyone is looking for their own convenient form of content. it shifts and changes. >> i think people are concerned with the landscape he goes it feel there is a limited amount of space. it is a wrong way to look at the media because it is not a linear model like television or radio. it is being a part of the evolution of media in this form. emily: what are you doing here? >> this is my first comic-con in san diego. it is a very overwhelming experience. we did a signing which was a very surreal moment. emily: there were so many people. >> i have been a fan of comic books my whole life and superheroes and that whole genre. i want to send forth the message -- i can do it. the real superheroes are the ones with in all of us. emily: i love it. that is a great note to end on. thank

on youtube. aside from being youtube stars, you are huge on social media.e a combined following of 10 million subscribers. thank you for being here. electra woman and the dyna girl. who are they? >> they are great. they are do-gooders. they are trying to get by in this crazy world. it was a series in the 1970's. now, we are rebooting it. >> with a modern twist. emily: we have seen superheroes in movies and tv and online. there are women superheroes. >> we can do it. emily: give me your stories and how you develop this insane following on social media. >> yeah. emily: you have millions of subscribers. >> i created my channel as an accident. i was a translator. my friend made videos online. emily: you cook while drunk and people watch it. >> it is very entertaining. i was doing improv comedy after college and making web videos on the side. it slowly became a job. i have been doing it for six years. emily: you guys met doing a netflix comedy. >> we met before that. we met through the youtube space through conventions and seeing each other's work and trying to

so we think long-term youtube can be ad and subscription supported. >> con vincing youtube's billion users used to watching not tirely for free there is a version worth paying for an entirely new challenge for youtube and wojcicki. she did say she's interested in companies that will help her better serve creators and viewers. you can find more from our interview with her on cnbc.com. back over to you. >> julia boorstin, thanks so much. what do you do with google at this point? great earnings, huge gap higher and since then hasn't really -- >> it just ramped into earnings too. so to me google's a tough buy here. i think in terms of youtube they've got a great product there. that's going to be the growth. the stock i'd be worried about. but i also think you need to watch out for netflix here. i said it before and i will reiterate, you sell netflix at these prices because google just hired mtv's head of i think it was original programming to come over. so this again is going to be another competitor for netflix. >> let's run this out because speaking of high flyers we've got a lot repor

. >> with more youtube stars starting to create and sell movies off of youtube, wojitski explains how wants to keep those creators happy and profit from their success. >> there's no one format we're going to do. but a lot of times our youtubers when they'll have a lot of users and a lot of subscribers, they'll start to think about how can i do even more. and so we go to them and we talk about well what's something you've always wanted to do? have you wanted to do a scripted comedy? or maybe there was a movie or something that they've always wanted to do. so then we can work with them and find a way to make that happen. >> on the heels of youtube driving google's better-than-expected quarterly results, wojcicki explains how she wants to grow their revenue, not just by growing advertising, but by seeing that users of the free service can be convinced to pay. >> we see a lot of opportunity to continue to bring more advertisers to the platform. and so a lot of times some of our biggest advertisers, they're getting on youtube for the first time. and so we're working with them to understand

youtube said in its earnings average daily youtube feelings soared 50% since last year, to 40 minutescompany claims that golden age bracket watches youtube more the cable television in the united states. the ceo of a digital first production company joins us now. what do you make of the google youtube numbers? is that what you are seeing? the surge of 50% in terms of viewing? >> that is not surprising at all. with mobile especially there is a lot more viewing happening on mobile which is increasing watch time. people are walking around watching videos now a lot more. and that is a natural progression. emily: where do you see that going? is this the end of cable television or the beginning of it? >> that is a good question. it is an exciting time where models are changing. but i do not think the television will go away. i think this is a golden age for television because i think the hour-long drama and some of the content we are seeing her tv whether it is on television or on netflix with the creative formats are much richer with the storytelling and you also have the short form conten

deals mainly with youtube? >> yeah. our company is very steeped in youtube, but it's ultimately at the end of the day video. where that video is going, we'll be there. we work with people who are big on vine people who are big on instagram. ultimately at the end of the day, youtube is an amazing community. it is the best place to monetize. we suggest to our talent they diversify and they understand all the social networks out there youtube remains the core of their focus. >> tyler oakley that it's top talent with 7 million subscribers. you and i have to start watching youtube this weekend. >> almost as many as you have on twitter. >> not quite. thanks, guys. interesting conversation. >> an eye-opening conversation for both of us. 37 minutes of the trading session. the dow is down 52 points but the nasdaq we are watching today with that rally. google nasdaq up 35 points. >> even though s&p is flat heading for its best week since march. >> up next marco cotta telling his clients to focus on china instead of greec

youtube would have been crushed without google. bring you highlights from my studio 1.0 cofounder chad hurley. all of that ahead on "bloomberg west." first though, we are talking about amazon, out with a much better than expected quarterly report. shares surgery -- surging. revenue jumping 20% and returned a surprise gain of $.19 per share. analysts were expecting a loss of $.14 per share. amazon's second-quarter sales also got a lift from its cloud computing business and efforts to lure more customers with online video, plus faster delivery of amazon goods. right now, shares are up 17%. with us from new york, the senior equity strategist for amazon and the vice president of screen media ventures, and from seattle, our guest from a joint -- jonah venture group and an early amazon investor. matt, i want to start with you. let's talk about what is happening with aws. matt: they are just rocketing. they are up 80% year-over-year. they are one of the most profitable, if not the most profitable section of amazon. they are now 8% of the

will not so secret weapon youtube and i will be visited by maker studio founder danny. we have all of the details on a new super fast offering from elon musk. take a look at the jump on this chart. today, the search giant adding 65 billion to its cap. today's gains pushed the company's volume past microsoft and witches were -- which is worth three and $77 billion. google is not the only stock having a great day today. apparently they have a google algorithm traffic boost. there is somewhat wild stuff going on in the market. i know that google beat for a while, but were you expecting this jimp? >> investors have been neutral and for the time in five years operating margins were up year. it is an inflection point high single-digit, low double-digit sure. scarlet: netflix, facebook amazon, what is going on? >> they were oversold. and then we had a series of orders that should really inflection for the when it comes to subscribers, google cost profitability. we have had good fundamental news on stocks that were oversold at the beginning of the year. we have come back to rea

and it's youtube's growth that is behind the success. >> reporter: youtube is drawing more viewers and ad dollars. this is google's youtube quarter. >> it's a real reminder a wake-up call to wall street they have this asset that has a billion users and seeing accelerated usage growth. >> watch time on youtube has the fastest watch time in two years. and on mobile devices has doubled from a year ago. on mobile devices alone, youtube reaches more 18 to 49-year-olds in the u.s. than any cable network. they come to the home page just like they turn on the tv is up over three times over the past year. advertisers are seizing that potential. the average potential is up over 60% year over year what is attributed to the service's new targeting controls. >> you pay if somebody watches the ad. they made it a point to bring out more tools for brand advertisers and allow them to indicate what content they want their eds put against. so the large brands don't have to show up against kitten skate board videos. >> youtube may be dominant but it's facing more competition from facebook and others worki

youtube videos. it, wer 10 months into got our first major donation e-mailed immediately the donor and said, thank you. this is so generous. were a physical school, you would have a building named after you. she said, i love what you are doing. we met and talked and she said, you have made progress, but how are you supporting yourself? i said, i am not. she said, you need to. i wired you $100,000. that was a good day. that is what allowed me to say, i can really do this. emily: it is still all free. sal: a free world-class education. that is core to who we are. we have had support from google, the gates foundation and others. , wes not just me anymore have 80 employees and volunteers . it is a larger effort. emily: bill gates, reed hastings, google is on board. how do you get those people to support you? sal: lots of those people found themselves using khan academy or the used it with their children. they felt the benefit directly. emily: your model is, no employee equity. sal: everyone gets the same

, all put together by "playboy ♪ "playboy" selected ten of the hottest youtubers.these you recognize you've seen before but this time they're getting some love from "playboy".." >> what are they do what do these girls do? how many subscribers are we talking? >> combined they have millions of follower answer you've got bloggers you've got beauty bloggers you've got fashion girls. you have lifestyle girls. >> here is the thing. you make money on youtube by having a lot of subscribers getting a lot of clicks. now arguably a lot of the girls have gotten to where they are because they didn't have to do this. but if you're on youtube to make money, and money means subscribe irs and viewers, this is one sure way to get more. >> if you want to see the entire video head to rightthisminute.com and click on "tv show" or see it on our mobile app. >> that's our show everybody. we're so glad you joined us. we'll see you for the next "rtm." for over 60,000 california foster children, having necessary school supplies can mean the difference between success and failure. the day i s

julia julia borstyn. >> my son loves youtube. >> my 9-year-old is on youtube all the time. >> that's future. >>> thanks have a great evening. you be back here tomorrow night. we look forward to that. >> the following kqed production was produced in high definition. [ ♪music♪ ] >> yes check please! people! >> it's all about licking your plate. >> the food is just fabulous. >> i should be in psychoanalysis for the amount of money i spend in restaurants. >> i had a horrible experience. >> i don't even think we were at the same restaurant. >> leslie: and everybody, i'm sure, saved room for those desserts.

. >> to add to the mystery, he releases it under a fake youtube account name, claudiamckinney. >> so,e invented a person, claudia mckinney, and her story was that her dad used to be a judge and that she was taking court evidence and putting it up on youtube. >> but "exhibit b-5" doesn't catch on right away. >> how's that? >> no, you look like al qaeda. >> to help it gain momentum, kyle reaches out to his friend, rainn wilson, star of the show "the office." >> i e-mailed him, would you mind tweeting about this. and he was like, yeah, man, and he put it up and it really took off thanks to that. so, really, we owe the success of "exhibit b-5" to dwight on "the office." >> within a year, the video scores more than 6 million hits. >> i had no idea that it would get the response that it did. like, whoa. >> comments pour in from viewers debating its validity. >> people arguing about, it's real because of this. no, it's fake because of these, you know, top ten things. and that's really been the phenomenon that's kept it going and made it go viral is that argument. probably the most distressin

for me i love youtube.ic videos especially old music videos. >> taylor swift. >> what percent of youtube's traffic comes from let's call it distributor-sourced videos or standard traditional companies trying to distribute videos? what percentage is off the beaten track stuff? >> i don't have those numbers off the top of my head. i'm sorry. youtube is great because you don't need an to check out these videos. if you want to search for something from 30 years ago you don't have to have a log-in credential to do that. that is what facebook creates an issue around. people don't have facebook accounts or they don't use them regularly that this is a convenient issue for them. that is something they have to deal with. not necessarily facebook but content creators have to decide is it worth sharing their video with facebook where not everyone will reach it without an account. >> i feel like i read an article every week for the last two months watch out, youtube, facebook is coming hot on its heels, making moves to

i started getting comments on youtube.his is the reason i was able to pass algebra, after leaving the military, i was able to go back to college. this was the reason why my children with a unit -- with a learning his ability are able to engage with their math class. i set it up in 2008 as a not-for-profit. by 2009 it was all that was thinking about. my wife and i sat down and figured let's give it a shot. this could be a real organization. i quit my job and we tried to see if can do it for real. emily: was it scary? sal: yes. [laughter] our first son had just been born. we ended up taking into our savings of 2000-5000 dollars a month. you almost have to have a delusionally optimistic mindset. it was the most stressful time of my life. you question your self-worth. emily: it was not the cat playing piano. sal: nine or 10 months into it we got our first major donation. i immediately e-mailed her, it was a $10,000 donation. i said thank you so much, this is a most generous donation. school,re a physical you would have a build

julia julia borstyn. >> my son loves youtube. >> my 9-year-old is on youtube all the time. >> that's future. >>> thanks have a great evening. you be back here tomorrow night. we look forward to that. >> boy: please stay tuned. coming up next is our new concert, "angel voices: libera in america." we've traveled all the way from london for our first production for pbs to be recorded in the u.s. we're singing in the amazing basilica of the national shrine of the immaculate conception in washington, dc. and the music is, well libera-like, a sound that is both ancient and modern. don't go away. we're the boys of libera. we're here and ready to sing. "angels sing: libera in america" is made possible by pucuda leading edge creating netting technology solutions for construction, industrial amusement, and sports. pucuda leading edge is proud to support the music of libera on pbs. explore new worlds and new ideas through programs like this made ava

>> why does facebook want them to be hosted on youtube?s is a natural move we keep calling them and say being we hear you're going to cut off a little bit of youtube. of course they won't. why should youtube host the videos if they can and they need to play nice with hollywood. it makes perfect sense. anybody people get on youtube, you should be able to get on facebook. this makes total sense. maybe they're not doing a music streaming now, but they have to be thinking about it and the idea behind it again it's a use case that everybody uses every day. hosting music videos seems to be an obvious move. and think they'll have more relationships with hollywood to get more content up there. it makes perfect sense. >> seems like they're still in an experimental phase with video, i spoke with kara everson in cannes and i asked her what the strategy was with the product. and she said we'll put out there whatever the consumers will chew on. the 22-minute fashion runway video gets extreme popularity. something even she couldn't have predicted. how e

it used to be that you had to have your own agent for youtube and now on youtube if the data shows thatg, people are flocking to you. the same thing on indiegogo, if the dollars are going up it's proving that it's working, the vcs and investors are flocking. >> it's not your father's potato salad anymore. >> it's going to get really exciting with some of the equity crowdfunding stuff out soon. >> the crazy times we live in. slava, come back soon. >>> a big investment in a fantasy sports site bringing it into the billion-dollar club. we'll talk about that. the dow is down 120. the gumption to reach for the sky. that's that new gear feeling. all hp ink, buy one get one 50% off. office depot officemax. gear up for school. gear up for great. to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ but it's always about the very thing we do best. when you're no

we're doing youtube on the phones.s you from spilling the coffee because you're not fumbling with your wallet. >> that is actually a good point. dagen: let's get caught up on global markets. asia markets finished final trading day of the week lower. shanghai was down more than 1%. over in europe you have the dax dipped down into the red a little bit but gains in england and france. u.s. stock market futures looking like this. gains across the board. watch the nasdaq. later today, investors get another reading on housing with the release of new home sales for june. the estimate for sales to come in at an annual rate of 5,946,000. that would match the may report which was up more than 2% from april. according to the national association of homebuilders, builders are notices an uptick in potential buyers that could push sales higher. anticipation of higher mortgage rates, people are getting off the sofa, getting out, shopping for a home. then on to hillary clinton. she is set to propose raising some short-term capital-gai

what about youtube? they talked about how well they are doing but also that a big acquisition could be in the future. the cfo spent a lot of time on the last call talking about how advertisers love youtube. >> that market is fragmenting. as we have seen from twitch, facebook video. you need to be thinking about not the position you once had as the incumbent, but the position you might have. in that case, the idea of buying assets doesn't seem to be a strange idea. adam: one of the greatest tailwinds we have going for us in the online digital advertising space is linear tv dollars moving to digital. marketers are enamored with any way they can do that effectively. youtube is one of the only places they can go for that type of scale and quality of content. they always need to figure out how to innovate, what will be the next platform, what are the inherent risks. emily: the app store just started to run ads for google play. >> i'm surprised it took so long. and there is no question that app store discovery

it's got to be youtube. youtube has this trenched group of stars on their site. people are not going to leave to go to facebook. granted facebook can throw a lot of money at them, but then they're going to lose a lot of the stars that have made them. >> well, transitional media went right to three youtube stars, something like 72 hours later, so i see what you mean about an entrenched brand. but do you want to take the other side of that. >> yeah. i have went to with with them. we're living in a visual world, nobody is reading anymore. even facebook you're seeing a lot of the news feed -- >> because if facebook has signed these publishing partnerships, they just want to be your home screen, your mobile home screen, what if they put off something that sounds good in video. >> they probably will. the facebook users are decreasing quite a bit and people are moving on to other platforms because they are postable. and you have these makers creating phenomenal videos on youtube. and it's about talent acquisition. i think it's always been about talent but even more so.

we will ask one of youtube's cofounders. ♪ ♪ google famously bought youtube in 2006 for about 1.6 billionthe cofounder chad hurley says he does not regret holding off for more. he said if not for the deal, the company may have been forced out of business. he spoke to emily chang. >> it was a rocket ship and it .ontinued to be this journey even after we became part of google, thanks accelerated from there. we had more resources but at the time we sold, we only had 67 people within the company. three engineers, i.t. guys that would run around the country maintaining our three data centers. at the time we did not have the luxury of plugging into amazon web services or something. you had to go out and build your on machines. beyond that, we were threatening basically both sides of the industry, the internet industry. togle, yahoo!, they want maintain their control but you have the traditional media world, the studios, the labels, and others wanting to retain control of distribution. they were attacking us for not doing the right things around copyright when we were building all the tools, mor

i think youtube is going very well. facebook we'll see them next week, a lot of their content in video is short clips. their point was you go to youtube and a spend a half hour but there's a lot of audience time going to that and it's stable and growing strong. >> coming into the quarter there was a lot of concern in terms of would they miss particularly the move to mobile as we all know. have those questions been answered fully in your opinion in. >> i think there was more fear a couple days ago if they miss it's more likely on eps and they beat there. i think the comments in the jury room a couple days ago were hinting at maybe it was going to be a miss. i don't think it's completely cleared out but i think the focus and again, making these business leaders accountable, i'm going to be surprised if there's an eps miss any time in the near term and right now looking into 2016. again, there's probably more opportunity for up side on the margin line coupled with 15 to 18%. fx excluded revenue growth. >> what do you predi

emily: how do you end up posting the tutorials on youtube?> i started working with 10 or 15 cousins all over the country. i started writing practice software. i wanted to keep track of what they were doing. one of my friends says this is cool, provided you make some of them as youtube videos. i thought it was a horrible idea, youtube is for cats playing piano, but i got over the idea that it wasn't my idea and made those videos public. before otherg people were watching. tell me about the moment where you said there was another problem here and maybe this could be my full-time job. maybe this can be my mission. days, when iarly asked my cousins were feedback, they said they like to be better on youtube than in person. they like having no judgment. if there was talk of something they did not have to call me it was just on demand. the comments, this is the reason i was able to pass algebra, after leaving the military, i was able to go back to college. this was the reason why my children are able to engage with their math class. i set it up in 2

and if not for the deal, youtube would have died. take a listen. >> we were lucky. google in my mind, took a chance on us, and really youtube would not be here today or what it is today without there's a war area -- without their support. emily: chad hurley went on to create a video platform that landed him in legal trouble with kanye west in kim kardashian. i asked him to explain his side of the story. chad: i took some video and the next day i noticed but if you people had posted videos to instagram. i did not think it was a big deal. after it got out there and got a little attention kim and kanye wrote me the e-mail. the rest is history. emily: they sued you. what happened? chad: they are still suing me. we will see when this actually airs. emily: video of their engagement, he posted. for more of my discussion with chad hurley, catch studio 1.0 tonight at 7:30 p.m. eastern and pacific. 10 scientists from montana pocket $2 million in the latest x prize challenge. their research is next. ♪ emily: breaking. airbnb is close to hiring blackstone's schwarzman trophy --

i think youtube is always underperformed on monetization. it's always claimed to be a social network. but it really isn't. it's never really had the high quality content it wanted to have and i think there is an opening for facebook. people are more sticky to facebook than they are youtube. >> facebook is dominating the digital ad market right now, aren't they? >> absolutely. >> we talk about the share and what's coming from some of the traditional players. much of it is going to facebook. some is going to google as well. facebook is the big, big giant here. >> and i have theories on it that i can't back up. when we hear about programmatic advertising being so enorm as you and private marketplaces, private exchange being so big and yet me and my peers, other media companies don't see large amounts of private programmatic buys, i suspect it's going to facebook. i think facebook is taking more share than people currently believe. >>> next up, let's talk tesla. shares rallying after the company said it delivered a record number of model s cars

. >> but the question is how are we seeing a cell phone video get uploaded to youtube? these are prisoners. they're not supposed to have cell phones or sim cards and they uploaded this video to youtube, not the first one. they've uploaded several of the fight ring fights on to youtube in the last two months and an investigation is now under way. in the last year they say 27 phones and 22 sim cards have been smuggled in but they we confiscated. circo said this is unacceptable. they don't know how there was no staff knowledge or intervention in this because you can see this is in a cell so that means maybe there's no camera in the cell watching their activity. >> or maybe they're not giving these guys other things to keep them entertained that they have to find or resort to fighting each other in cells to keep themselves entertained. >> they bring in this stuff, what other dangerous items are coming in. >> you can't even take into account the stuff. it's unfortunately the way prisons work. >> which is a really sad statement because we say that a lot. well that's just pris

angela merkel had never done an interview with a youtuber. why now and why on youtube? >> we have begun a dialogue and we want people to take part in our national discussion program. no big surprises in the questions asked just a slightly different style. it the chancellor responded as in any other interview. it was a chance to engage generations of young people who some say aren't that interested in politics. >> first of all, i believe in breaking discrimination. i remember what -- that people were afraid to say they were gay or lesbian. we have come a long way. the youtube interview not much different from any other exclusive interview with the chancellor. in the online comments are quite positive. it was well worth the trouble. >> more coming up at the top of the hour and you can get a lot more on our website. thank you for tuning in. damien: hello and a very warm welcome to "focus on europe," with a look at some of the main stories shaping the lives of europeans all over the continent. i'm damien mcguinness. thanks very much for joining us. on the programme today --

angela merkel had never done an interview with a youtuber. why now and why on youtube? >> we have begun a dialogue and we want people to take part in our national discussion program. no big surprises in the questions asked just a slightly different style. it the chancellor responded as in any other interview. it was a chance to engage generations of young people who some say aren't that interested in politics. >> first of all, i believe in breaking discrimination. i remember what -- that people were afraid to say they were gay or lesbian. we have come a long way. the youtube interview not much different from any other exclusive interview with the chancellor. in the online comments are quite positive. it was well worth the trouble. >> more coming up at the top of the hour and you can get a lot more on our website. thank you for tuning in. a deal was reached in brussels. greece will receive a third bailout but only in return for tough economic reforms, as well as overhauling pensions. prime minister alexis tsipras must also hand over 50 billion euros of state assets, whic

i can't believe we have to describe what youtube. by the way, youtube is a video watching website.ebook, a social media website is chasing youtube now. it's moving further into video sharing by splitting ad revenue with video publishers that post on the social media platform. they are look to monetize on the shift in taste toward watching clips online instead of on tv. >> we shouldn't be labeling facebook as a social media company. they made an acquisition in virtual reality. they bought what's app. they have video now and social media but they're no longer social media. this say tech giant. >> because they evolved maybe they need to change the logo. >> maybe they will. they did a major overhaul of their image. perhaps not major. but facebook upgraded it's logo. here's before on the left and after. dramatic change on the right. can you spot the difference my friend? it's in the letter a along with a few other small differences. the social network told an online logo blog it wants to reflect where we are now and where we are headed. >> if we focus on this now just because we might a