cory johnson, would you have for it? >> i have the average take of michael buble's concert tour stops. that is the seventh most successful concert of all the concerts touring this fall. >> it certainly goes to show way artists are going to her these days? >> cory johnson keeps ending the show with these music users. i hope we get one little lake before the end of the show. >> maybe i am the music teaser? >> you guys could talk more about this off the air and what michael buble is like. thank you for joining us on this episode of "bloomberg west." we will see you tomorrow. ♪ live from pier 3 in san francisco, welcome to the late edition of "bloomberg west," where we cover the global technology and media companies that are reshaping our world. i'm emily chang. our focus is on innovation, technology, and the future of business. let's get straight to the rundown. derek schmidt, marissa mayer, and other execs sit down with barack obama to discuss surveillance and what wrong with healthcare.gov. facebook is rolling out video

class cory johnson, jump inr here. i think drivers and passengers should be completely safe and not going out on the road and putting their lives at risk. is there a better way than this? >> this is what everyone is saying off the air, i do not care about people, i only care about business. that on air.aying but i think this is an interesting choice for the business to make. let me bring an example of uberne who could afford on right. jessica seinfeld, the wife of jerry seinfeld, she paid $415 in an uber fair to bring her case to a bar mitzvah and drop her caps off. her kids were saying things like, oh my god, these people are crooks. it is a calculated risk that the business is taking. are presenting a fixed price, and you know what this is false. a mcdonald's value meal is $.99 and you know you are getting. we will not change the price if you are more hungry. that is one enjoys a business can make. the use of this technology allows uber to scale production instantly in a time like a big snowstorm. there is a risk on

my partner cory johnson is back to explain. cory? irony, is the great right? apple, pandora, napster decimated the music industry, but they are turning to them for live revenues. these stage set is dominated by a technology driven firm. >> 1, 2, 3, 4! ♪ >> the concert business setting up for a high technology. these days the best show off and is the best stage. it is an arms race and the leading armed dealer is a private company in the heart of amish country in rural pennsylvania. >> these days you build your relationship with your customers in the line of experience. >> justin timberlake, elton john ,u2 -- all have turned to tait. >> we have people who went to airing school. process starts with 3-d modeling on software. on autodesk. they are shipped all over the world, slapped together, disassembled, and shipped to the next gig. the man behind it all is james whitten ferrell. he started it when he was in college. to do it financially responsibly, which is usually the most difficult thing because everyone has champagne wishes and caviar dreams, but they do n

cory johnson is back with more. the musicrushing business so ironically technologically driven changes is changing the concert business . some of those changes are just an illusion. ♪ >> young again? alive again? odb who diedapper in 2004 hits the concert trend this summer. a hologram started with tupac last year at coachella. 15 million watched the hologram and his sales grew 500%. a similarly ecstatic response for digital domain which includes 75% in just eat it weeks. why set the stage with a hologram? with digital destroying the new music model, live concerts have become the industry's bread and butter. harmonynone are creating an interactive experience with their longtime mentor easy e. >> we bring the live element with the avatar and three at that whole existence of easy e and his life. is, this technology is an old trick. here's how it works. images are projected from above the stage onto a mirrored surface which then reflects the images onto an angle transparent screen spanning the width of the stage. >> g

cory johnson, thank you. our mobile devices can make cashless payment can hail a cab. what do we expect next? that's right after the break. ♪ >> this is "bloomberg west." i'm emily chang. we saw the rise of mobile dominance, the sharing economy explode, and a creation of an internet of things with smart tv, smart watches, smart thermostats. will they converge into a mobile connected world? cory johnson joins me with what to expect in 2014. >> they're wanting to connect digital and physical worlds like any before. ebay is at the center of this. a little start up dialing getting the payment mojo, hotel tonight, airbnb. joining me now, matt ready, did you see the ebay special last week? >> it was fantastic. really enjoyed it. >> we talked about your service. why buy it? why not just build it? you have figured out the future of payments. talk about how you imagine this connected experience. >> one thing happening as people move to mobile devices. we're moving from in 10 driven to context driven experiences. it started with intent, going to google search for something. ve

cory johnson, thank you. our mobile devices can make cashless payment and hail a cab. what do we expect next? that's right after the break. ♪ >> this is "bloomberg west." i'm emily chang. we saw the rise of mobile dominance, the sharing economy explode, and a creation of an internet of things with smart tv, smart watches, smart thermostats. will they converge into a mobile connected world? cory johnson joins me with what to expect in 2014. >> they're wanting to connect digital and physical worlds like any before. ebay is at the center of this. a little start up dialing getting the payment mojo, hotel tonight, airbnb. joining me now, matt ready, did you see the ebay special last week? >> it was fantastic. really enjoyed it. >> we talked about your service. why buy it? why not just build it? you have figured out the future of payments. talk about how you imagine this connected experience. >> one thing happening as people move to mobile devices, we're moving from inteny driven to context driven experiences. it started with intent, going to google search for something. v

our editor at large, cory johnson, drilled down into how this could change facebook's advertising business. >> let's talk about how this is going to work. they think they can sell this for a higher price than they have in the price. these ads could generate up to $2.5 million in one day. these would be short ads, 15 seconds. the audio only happens when you click on the ad. the hope is this would be this would be another tool in the facebook quiver of advertising tools. >> let's take a look at how facebook ad revenue has grown since its i.p.o. mobile has become a bigger piece of the pie, but what else? >> we have seen some consistent growth. the numbers at facebook are big. it is hard, in conversation, we'll lump this in with other things like 2013 but it is nothing like it of the kind. the company did $1.8 billion just in advertising revenue in the most recent quarter, 13 weeks. this is a huge business. the growth, you can see working with mobile advertising. the year-over-year growth in this segment, also impressive and really growing at a faster and faster rate. so it is big and getting

cory johnson, editor-at- large, thank you. i want to bring in michelle she focuses one cyber and government transparency issues like the foreign surveillance act. she joins us from washington, d.c. it a little ironic given that many of the technology companies have been cooperating? is this just political posturing? >> we have been debating privacy since 9/11 nine years ago. this is really the first time they are weighing in and saying the government has gone too far. >> except for the fact that they have a lot braided if the government in certain cases, right? >> right. i think what prompted the new movement is the recent revelation that they are not just serving the companies with court orders that hacking into the system overseas where the laws do not apply. it might have been what pushed them over the edge to get involved. >> the people who run the companies are powerful. they account for a large part of the united states economy. how is the government likely to respond? >> this as a whole new voice to the privacy debate.

cory johnson spoke with cofounders. he began by asking why they wanted to create a new karaoke machine. >> it is a last frontier in music gaming. it hasn't changed that much as it came out. both of us can't sing very well so we discovered this technology doing singing live. we just knew that this was the future. >> how does it work? >> it is live vocal processing technology that the professionals use. we adapted to consumer use. the technology is very complex. even if you can't sing well, it makes you sound good. >> in terms of inventing this thing, what is the real innovation? what is the thing that's new? >> the thing that is new is that we have never used something of such high quality. there is over 350 sounds that you can use and different effects. it is very high quality. >> how does it work? we have one person sings and then it harmonizes up a fifth and down a fifth. >> it has every commendation of harmony. >> how does that work with the voice? >> when you play music, it listens to the song and knows what key it

cory johnson spoke with cofounders. he began by asking why they wanted to create a new karaoke machine. >> it is a last frontier in music gaming. it hasn't changed that much as he came out. both of us can't sing very well so we discovered this technology doing singing live. we just knew that this was the future. >> how does it work? >> it is live vocal processing technology that the professionals use. we adapted to consumer use. the technology is very complex. even if you can't sing well, it makes you sound good. >> in terms of inventing this thing, what is the real innovation? what is the thing that's new? >> the thing that is new is that we have never used something of such high quality. there is over 350 sounds that you can use and different effects. it is very high quality. >> how does it work? we have one person sings and then it harmonizes up a fifth and down a fifth. >> it has every commendation of harmony. >> how does that work with the boys? >> when you play music, it listens to the song and knows what key it i

yes, i'm cory johnson in for emily chang. rundownts trade to the a coding lesson from mark how about a coding lesson from mark zuckerberg? his video is one of many for students interested in the encoding. an initiative that wants an hour of your time at this week.

i am cory johnson. retailers large and small grappling with social medias, confusing them all as they tried to draw customers to brick-and- mortar's store. target having success by setting s, displays in store flagging popular items on the board. pinterest is featured in target stores which is great. why do you show me a little bit about how that works. >> they are calling out items that have been very popular on pinterest. people are visiting target.com and saying i love this rug and i will save it in a special collection. it is happening over and over again. they have created this signage. they did this on their own to call out the items that users that use pinchers have decided are the most popular. items of the most popular this season is out on a shelf. i do not know a lot about this because my son is 15 months old. apparently this is a big thing. >> the elf will observe and make sure everyone is on the nice live and fly back to the north pole and give a report to santa. it sits in some really fun

for more, i spoke with cory johnson and the managing director at menlo ventures, an investor in uber. i asked whether paying $35 a mile is fair. >> fair is not the right question. it is more important to make sure that you have a car to take you home than what it costs. what uber is trying to do with surge pricing is to make sure that the car is on the road. what is worse than paying $35 is not getting home in a snowstorm. >> right, but i'm not asking about surge pricing in general. i'm asking if $35 a mile is fair. >> i think it is -- the question is that enough demand for drivers to get on the road. is it fair to ask someone to go and drive, put themselves and the car at risk? well, you need to give people an economic incentive to be out there and to be sure that the drivers are out there so that you can get home safe. >> is it fair to ask is it fair when it comes to a small business? should we be talking about the ethics of it? >> your questions are so unfair, emily. it is funny that you mention the safety of the driver. i was a taxi driver in new york a long, long time ago. i was

cory johnson has more. based in losrris angeles and already represents some of hollywood's best-known names, matt damon, ben affleck, others. as far as taylor swift, doesn't emily. also a big -- and justin timberlake. also a big jt fan. what does it mean for hollywood? >> this is reshuffle the deck in hollywood. we had two majors duking it out for about 10 years, and we have had some murders going on in the last five, the most recent with william morris and endeavor on caa, whichake has been a giant here in town for a long time. what this deal does is it makes william morris endeavor's the biggest a talent agency in the world, and to get them reach not just in film and television were they already dominate but it now puts them squarely in an arena with sports, like you mentioned, and it also gives them greater reach with music and really lucrative areas that they are not in now like naming rights for stadiums. >> i think be sports aspect of this is really interesting because it seems like it is a very stead

and this is cory johnson. coming up, we tell you about the restaurant with a five-year waiting list. you have never heard of it until now. this is next. ♪ >> this week's bloomberg businessweek's etc. section features a restaurant that is no longer a secret. emma rosenblum joins me to unveil a secret. this was a secret, you have to book five years in advance to get into this restaurant? >> this is booked up for five years and you can send an e-mail to them to get a reservation but this is hard. >> tell me about the name of this restaurant and who is damon barrell. this is in upstate new york about three hours outside of manhattan. damon is the chef and the owner and the waiter, who does and gets allmself the food from the land he owns, he makes this in his yard and serves 18 people every night. >> what do they eat? molecularnto gastronomy, using dehydrated ingredients and advanced techniques. he is not trained as a chef and has taught himself to do all of this. >> he realized his career in the world of motorc

joining us, our editor-at-large cory johnson. amy, great to have you on the show. >> there is a lot of attention right now being placed on the fcc's recent statement. i believe the focus on that fcc perspective action is misplaced for two reasons. we don't know yet what the breadth or scope of the fcc's action may or may not eat. -- be. the focus should be and is on what team should be doing to entice fans to leave their homes and come to the stadium. i can share with you from my own experience that each of the 32 clubs and the league as a whole are focused on, how do we get fans out of the home? there is this magnificent television experience. >> it's pretty comfy in their. >> it is hasslefree. >> there is no line for the bathroom. >> and you don't have to pay to park in your own driveway. what the league in each of the teams are focused on is, what do we do in the stadium to entice fans to come in to fight the crowds, the traffic, parking, food lines? how do we make our stadiums technologically bodacious, and provide fans in-st

me is matt miller and cory johnson. i posted your interview with mullally on twitter and a lot of people are saying to my can't tell if that is a no or a not yet. what do you think? it is noncommittal, and really a nonanswer, especially compared to what i've gotten from him in the past. this speculation has been out there for months and months. and usually, every time the story breaks again, i will e- mail alan and he is the kind of ceo that gets right back to you. he has always said, i plan on serving ford as the ceo and president until at least the end of 2014. a pretty solide answer. he's not reiterating it that way anymore. now he just says "no comment," or "i'm still continuing to serve ford e there is no solid answer that he will be there until the end of -- to serve ford." solid answer that he will be there until the end of 2014. >> are the board members saying the same thing that he is? x i was talking to one of our reporters in detroit who was at an event this morning. that this isg mark the plan, that alan is

yes, i'm cory johnson in for emily chang. rundownts trade to the a coding lesson from mark how about a coding lesson from mark zuckerberg? his video is one of many for students interested in the encoding. an initiative that wants an hour of your time at this week. advertisers can follow you around the web, now apple is using technology to follow you around the store. if it works it can change the face of brick and mortar retail. jony ive is trying to make apple one of the most innovative brands. we're going to catch up with nike's design guru. the biggest names are speaking with the united states urging america's children to learn to code. it comes as a critical time as u.s. students according to a new rank has american students ranked 21st in science and 26th in math. an hour of code initiative asked people to spend an hour coding. it kicks off computer science education week. the event is sponsored by code.org. here is president obama. >> learning these skills are not only important for your future but for our country's fut

in january of vanity fair, they speak with tori johnson -- cory johnson. >> the most amazing thing about silicon valley is it looks like any other place. you have stanford in the mountains and is nice. suburb.it is a but now you expect magic but it isn't there. >> it is kind of amazing. i was a money manager for a while. companies would never make headlines. inevitably they were in stripmall's or little places where you could park your car and derby 30 people inside. these are ordinary office parks and stripmall type places. silicon valley is opportunistic. they started in garages and with a move to the next level, took what office space they could find. it was random for a while. >> one of the things that your tellsmissed is and influence. culturee a corporate around being cheap and not flashy in any way. >> i think you're right there. that set the tone. some of the big companies, once they grew big like intel did not do anything except expand the boring big buildings they had. >> there was taking advantage of what grand rapids was offered in terms of furniture. these were cubicles and

i'm on set with cory johnson. jon erlichman is inside. we will cover it all, from how they have gone from an auction house to a juggernaut. we will talk about their new glass and we will talk about their service. amazon may have drones, but ebay can bring you something in one hour. >> this is something that is interesting. people think ebay is one thing, but it is something very different. i do not think they understand how different this business is. >> it is really cold and i forgot my gloves. i'm getting some gloves delivered to us. >> it is 39 degrees in san jose. >> let's go inside to jon erlichman. what is that all about? >> it is a really fun place, frankly. i feel like i am back at the mall as a teenager. they have a guitar shop. i do not play guitar like cory johnson. you have got a place like where you would do your shopping. it is creative. there is this whole changing retail space where you can now use paypal or even your phone or tablet. there is a clothing store right here and we're going to go into an in-depth look at how i

i'm cory johnson in for emily chang. our focus is on innovation, technology, and the future of business. let's get to the rundown. we have just learned of a new candidate to replace steve ballmer, not exactly a household name. johnny-come-lately, that is the largest public pension and apple shareholder is describing carl icahn. he is called a rater trying to discourse cash. i'm ron burgundy and i will read anything in the teleprompter. it seems the anchorman has been everywhere, lately. he has the viral marketing blitz, a new business of buzz. breaking news and a new name emerging in the microsoft ceo search, the board considering qualcomm ceo steve mollenkopf. we don't know yet, but one candidate who may be fading is ford ceo mulaly. there were concerns about his lack of technology experience. they want a new ceo, ideally, before the end of the year. tom giles, good to see you on the east coast. >> it is like bloomberg east here. >> this is a big deal. they are busting the phones to find out what they heard, tell us abo

i'm on the set with our editor at large, cory johnson. our jon erlichman is inside at the commerce and innovation center. wire going to be covering it all today from how ebay has gone from auction house to ecommerce juggernaut. we're going to be talking about connective glass on the store front and we're going to be talking about ebay's same day delivery service. amazon may have drones, they may be working on drones, but ebay can bring you something in one hour. >> i love this story because it is such an interesting company. people think ebay is one thing and it is something very different. >> right. right. >> i do not think they understand how different this business is. >> so it is really cold and i forgot my gloves. i'm getting some gloves delivered to us. >> how come we're outside. it is 39 degrees in san jose, california. >> let's go inside. let's go to jon erlichman. he is at the commerce innovation center. what is that all about? >> it is a really fun place, quite frankly. i feel like i am back at the mall as a teenager. they have

i admit, i don't play the guitar like cory johnson. they have the place where you originally do your shopping which is created to touch off some of the technology that ebay has. you can use something like apal, your phone or -- paypal, your phone or tablet. we'll look at how ebay helped transform itself and get ready for the future. >> we'll have much more on ebay business throughout the day. first i want to tell you how much the company has grown over the last decade. here's a look. ebay, the global commerce and payment company with 31,000 employees in 33 countries around the world, driving three different businesses. there is the online marketplace where 124 million active users buy, sell or bid on more than 500 million items. in the u.s. alone, a flat screen tv gets sold every six minutes. men's sunglasses, a pair every 18 seconds and globally every minute, 362 pieces of clothing, shoes or accessories are sold just on mobile devices. then there is paypal. where people spent or receive money 729 million time last quarter. more than t

cory johnson is in new york with more on my facebook is making this move. cory, this is a long-awaited move. we have been talking about this for months, why now? >> there are 44 billion reasons facebook is doing that. they want that video advertising. if you look at everything that has gone on a facebook over the last year, with a stock chart really reflects is optimism that they will figure out new ways to gain revenue at their user growth slows down. fundamentally, the way these video ads will work, i think they will seldom is a high ticket item. one day possible so that will garner as much as $1 million-$2 million in revenue for faith. it is a 15 second ad. we will get a much more measured response than television ads typically received. they will know who is looking at the ads and they will know something about that user. >> let's take a look at how facebook's ad revenue has grown since its ipo. mobile has become a bigger piece of the pipe. how does this change things? >> facebook ad revenue was $1.8 million in the last quarter. that is an incredibly bi

and is "bloomberg west" am cory johnson. we are going to be looking at exciting new stuff including designs from nike that is changing the way that sneakers work in the future. we will be back when "bloomberg west" continues. ♪ that aent startup crated --tudent offted said they will lay half of their workforce. basketball star kobe bryant unveiled a latest line of sneakers. the man behind the design takes a similar approach to johnny ive. technological innovation from the ground up. >> and there you go. we talk about the design of tech devices. technological innovation these days are help -- happening from the ground up including basketball shoes. coby incorporates marketing. i caught up with the crated by askingnd i started him about the design similarities between shoes and tech gadgets. general,k design in there's a natural design process that you go through and principles that transcend any or type of product you may be working on. i think with and footwear, a really interesting time that technology is changing and inv

here is our editor at large cory johnson. >> it is a problem to be so well-liked as you well know. >> please, don't flatter me. >> why do they want steve ballmer replaced? stock chartt the and see what happened with microsoft over the course of ballmer's tenure. of 2000e ceo in january when the.com bubble was at its frothy is. microsoft has not done much since 2001.2001. it had a decent run since the lows of 2008. really impressive job that mulally did coming from a different industry. a different sales structure and planning structure than boeing. he really put it on solid footing going into the recession of 2008. those of the turnaround skills that the microsoft board really likes. >> let's take a listen to what malala he said. said.hat mulally >> it wasn't unequivocal bowl leadpipe cinch, let's hear what he said. you always said in the past that i'm going to stay at least until 2014. hange in the plans. it sounds like a nondenial denial. >> i looked at a number of things he said over the course of the last few months. he said that he loved serving fort. it does seem like he is walk

cory johnson shows us how a team of tech moguls has the kings poised to achieve great things. >> it is ripe with tech team owners. there's a new ownership group for the sacramento kings. >> i think of it as a social network. >> he is hoping it will turn around a moribund franchise. he is not going it alone. >> these are truly smart people. >> people like paul jacobs and chris kelly. >> this ownership group has the most patents. we might not have the most wins, but we have the most patents. >> chris mullin is his personal advisor. >> you have to have a lot of money to buy them. a lot of these guys are successful. they have money and they have passion. >> the kings pose a tough business problem. only 8 winning seasons. last season's attendance was the lowest in the league. one of the biggest tech titans of all tried to swoop in and buy the kings and move the team to seattle. but a group partnered with the city of sacramento and came up with a clever real estate deal to help keep the team in california. >> i came to california with no money. everything i have i owe to the state of califor

i'm cory johnson. this is "bloomberg west." -- jackce has jack dorsey has been elected to disney's board of directors. david kirkpatrick himself as a of tech economy media. you know jack really well. did the disney board and bob eiger see in jack? example of what a blue-chip company disney really is that they could jack dorsey on its board. somebody whojack has not just social media but internet innovation experience. you would want to know what is coming next. basically, everybody knows that everything is getting changed by the internet. disney has been a well-run company, but it is going to continue to face a lot of difficult choices about how it spends its money, how promotes it stuff. having such a smart guys jack on the board is going to be hugely valuable. i think it will give him a lot of benefit to be on that word also. >> i have to wonder if this is some sort of steve jobs connection. jack dorsey no steve jobs. thinksyou think iger that he needs? >> obviously you would love to clone steve jobs

our editor-at-large, cory johnson, is in new york. this,o you make of someone inside microsoft participating in insider trading? this guy jorgensen was a certified financial analyst, and his job was to analyze likely market impact of coming microsoft announcements. was to do sensitivity analysis to figure out what would happen with microsoft stock price. sec alleges he had a joint brokerage account with somebody else, and that i would make these trades, and their goal was to open their own hedge fund with these games. they get caught in the process. >> we talk about insider trading a lot. how common is something like this, really? >> insider trading may be very common. what we know in terms of statistics is that when the sec goes after these things -- when i was a money manager, you would see some things that were egregious. the number of sec prosecutions of insider trading have fallen quite a bit trip they only prosecuted 44 cases in the last fiscal year. -- bit. they only prosecuted 44 cases in the last fiscal year. we can look at t

cory johnson is back with more on this story. who knew? >> i have been learning a lot about amazon the last couple years. robust with advertising. according to the new -- next guest, there is a new normal. vice president of global advertising sales. a conference a few months back and i was just blown away by this. i did some research. you don't give numbers out. i figure it was a standalone company, probably fourth or fifth largest u.s. advertising agency. what is the goal? >> sure. thanks for having me. at amazon media group, that is our advertising business, we focus on customers. we start with the customer and work backwards. we focus on delivering -- who is the customer? the shopper.er, we deliver relevant advertising experiences for customers that we can help them find, discover, and by what they are looking for. we are a global platform and we have over 200 million active customer accounts around the world. >> that is the amazon shopping experience most people know. when the ads show up through your network, they really drive sales i

cory johnson will explain. >> this ticket business was ripe for innovation. ebay made an aggressive move by buying this. the business has grown into something. check this out. scalpers rarely left sports fans stub hub is trying to change the reaction to result tickets. >> we're not just about selling tickets. it is about the fan experience. innovation is used across the business. >> the plan is simple. they take 25% off the top of ticket sales and the rest goes to the seller. they are after a lot more. ebay paid $310 million for the business. back then, it sold 10 tickets per minute. now, it sells one ticket every second. >> this was the enabler for this to happen. >> ebay has grown the business with interactive seat maps and mobile ticketing and ways to split the bill with friends. stub hub is a risk for ebay. the business had much worse margins. ebay's gross margins have fallen from 77% to 69% since acquisition. paypal has furthered that trend. every incremental dollar compresses ebay's overall margins. milking big data could be the key to improving. >> thi

i'm cory johnson. this is "bloomberg west." netflix had a big year defying the production of critics. the original shows have been a critical success and the company continues to add subscribers. the company is making some big changes to close the year, altering prices and losing favorite shows and movies. jon erlichman is back with us from l.a. with more on today's new hollywood. these changes are not small. >> they are doing a lot of stuff. last couple of days, people have been talking about the top- performing stocks for the year. that flexes their the top four that list, up to close to three -- up close to 300% grade that has to do with subscriber growth, the number that drives the revenues dory continues to climb -- revenue story continues to climb. as you look to 2014, the moves they are working on are tied to continuing to grow that this -- that subscriber number, whether it's toying with the price of the subscription or this idea of purging some titles where the license are as -- licenses are expiring. this purging abou

cory johnson is in new york. they've completed the process of becoming a private company in october. how is that going? >> they did not give us a lot of information. one of the reason they went public was so that they could make a big transition in private and make difficult choices. that cost a lot of temporary pain. it was very interesting when he took the stage and suggested the turnaround was so far underway that the results are already getting better. listen. >> what i'm feeling and what i am seeing everywhere i go from inside the company, from our customers, in meetings come out on the street or at dinner -- is that this privatization has created a renewed sense of excitement about dell. i am part of the world's largest startup. [applause] about six people clapping for that. hard to imagine from such a big company. he did start this in his dorm room. it is an interesting time for dell. meeting with their customers and getting them excited to buy dell products is the entire goal today. doing? we know less no

it took a really big hit. >> cory johnson. our editor at large. "duck dynasty" is a big moneymaker for a&e, recent comments by one of the stars put the future in jeopardy. how much could losing the show hurt the network? that is next. ♪ >> this a "bloomberg west." foursquare raised $35 million funding round. raising the valuation to six hundred million dollars. they raised the money from a capital group. is foursquare worth that much? marc prioleau joins us. we also have sarah frier. marc, did the funding surprise you? that they were able to raise it this much and they had told us it had plateaued? >> it is a good sign to them. in the middle of the year, a lot of doubt. one person forecasted that would be out of business by the end of 2013 with less than 50 million dollars valuation. that has not come true. they are in a better place. they feel very positive based on a lot of new products and they are coming out with. >> they may feel positive but do you feel positive about foursquare? >> i've been optimistic. the thing i like about them is sinc

i'm cory johnson. a consortium created by several companies to acquire patents from nortel networks is 2011 is now trying to unload some of them. they recently held conversations to sell a portion of the portfolio that includes 4000 patents ranging from internet technology chips. according to people with knowledge of the plans -- why is rockstar getting out of the patents? why did they overpay for them or did they overpay at all? i'm joined by david martin, the founder and ceo of a company that -- you have been predicting something like this since the day i met you. why? >> it's always funny because you will recall after some of our early conversations, a number of people said we grossly misrepresented how much overpaying had happened on the rockstar portfolio, just like we talked about the overpaying that google paid on the motorola portfolio. the reason why there's a dispute between our view and the consensus view is we looked look at the actual patents themselves. the problem rockstar has is that th

cory johnson will explain. >> this ticket business was ripe for innovation. ebay made an aggressive move by buying this. the business has grown into something. check this out. scalpers rarely left sports fans -- stub hub is trying to change the reaction to result tickets. >> we're not just about selling tickets. it is about the fan experience. innovation is used across the business. >> the plan is simple. they take 25% off the top of ticket sales and the rest goes to the seller. they are after a long more. ebay will pay -- ebay paid $310 million for the business. back then, it sold 10 tickets per minute. now, it sells one ticket every second. >> this was the enabler for this to happen. businessas grown the with interactive seat maps and mobile ticketing and ways to split the bill with friends. stub hub is a risk for ebay. the business had much worse margins. gross margins have fallen from 77 to 69% since acquisition. paypal has furthered that trend. every incremental dollar compresses ebay's overall margins. milking big data could be the key to improving. >>

the nfl said in a statement -- cory johnson is back with more from new york. >>intel will also be a pervert the federal communications commission is saying that professional football has the most blackouts of any sport. all 224 gameshed they broadcast. this is an interesting story. a football fan, it is close but the oakland raiders, i cannot see in my local market is often, they have been blacked out a lot over the last few years. >> people are not coming to the games as much as they used to depending on the franchise. we don't really know what the full effect will be. it is saying that it only helps or potentially helps the pay-tv guys are it more and more sports , you have to watch it through a pay-tv distributor. >> how does this help pay-tv? the nfl has a big deal for the nfl ticket. get paid bigl money from the national broadcasters like cbs or anybody who picks it up and pays for it. you has a cable subscriber or satellite subscriber, when you pay your bill, you are actually little toward the major broadcasters. they charge the distributors for that and

him and i do not play guitar like cory johnson. and you see a place like where a you see a place like where you would do your shopping. and him and it is creative. there is this whole changing him and him retail space where you can now use paypal or even him and your phone or tablet. there is a clothing store right here and we're going to go into an in-depth look at how it transforms itself to get ready is for the future. >> all right. we will have much more on the business throughout the day. him first, i want to go through ebay by the numbers. here is a look. him him ebay, the global e- him him commerce and payments company, with more than 31,000 employees in 33 countries around the world. they are driving three different businesses. in there is the online marketplace, where active users and buy, sell, or bid on 500 million items. and him things are sold every him six minutes. him him a pair of sunglasses is sold every 18 seconds. globally, clothing, shoes, and accessories are sold on mobile devices. people send or receive money.

cory johnson will explain. >> this ticket business was ripe for innovation. ebay made an aggressive move by buying this. the business has grown into something. check this out. scalpers rarely left sports fans stub hub is trying to change the reaction to result tickets. -- resold tickets. >> we're not just about selling tickets. it is about the fan experience. innovation is used across the business. >> the plan is simple. they take 25% off the top of ticket sales and the rest goes to the seller. stub hub is after a lot more. ebay paid $310 million for the business. back then, it sold 10 tickets per minute. now, it sells one ticket every second. >> tech was the enabler for this to happen. >> ebay has grown the business with interactive seat maps and mobile ticketing and ways to split the bill with friends. stub hub is a risk for ebay. the business had much worse margins. ebay's gross margins have fallen from 77% to 69% since acquisition. paypal has furthered that trend. every incremental dollar compresses ebay's overall margins. milking big data could be the ke

our editor-at-large, cory johnson, is in new york. what do you make of this, cory, someone inside microsoft participating in insider trading? >> this guy jorgensen was a certified financial analyst, and his job was to analyze likely market impact of coming microsoft announcements. his job was to do sensitivity analysis to figure out what would happen with microsoft stock price. he wasn't supposed to tell anybody about it and make illegal trades. the sec alleges he had a joint brokerage account with somebody else, and that i would make -- and that guy would make these trades, and their goal was to open their own hedge fund with these games. they get caught in the process. >> we talk about insider trading a lot. how common is something like this, really? >> insider trading may be very common. what we know in terms of statistics is that when the sec goes after these things -- when i was a money manager, you would see some things that were egregious. the number of sec prosecutions of insider trading have fallen quite a bit trip they only

. >> cory johnson is here with the report, cory? >> yes. i am. has subscribers and this after more than six years of talks. tim draper wants to split up the state of california into six separate states. a press conference held to outline some of the reasons why he wants to make it quote, properly represented saying a divided state would provide more appropriate representation and help boost productivity. sea gate technology buying xyratech. saying it will expand solutions and strengthen the process and u.s. stocks sending all three major indexes to an all-time high. tony is selling grace note for $170 million. sony paid more for the company but selling in a lower price in an attempt to get rid of nonessential businesses. from bloomberg studios i'm cory johnson. back to you. >> thank you. >> spencer christian is away but sandhya patel is here now. >> yes, and weather looks fantastic. >> temperatures are mild. and air quality continues to be high. we're not looking at any rain. temperatures into low to upper 60s half moon bay was 48 degrees. spare

i'm cory johnson in for emily chang. our focus is on innovation, technology, and the future of business. let's get to the rundown. we have just learned a new candidate to replace steve ballmer, not exactly a household name. johnny-come-lately, that is the largest public pension and apple shareholder is describing carl icahn. he is called a rater trying to discourse cash. i'm ron burgundy and i will read anything in the teleprompter. it seems the anchorman has been everywhere, lately. blitz the viral marketing , a new business of buzz. breaking news and a new name emerging in the microsoft ceo search, the board considering ollenkopf.eo steve mellon coug we don't know yet, but one candidate who may be fading is forbes ceo mullaly. about his concerns lack of technology experience. they want a new ceo, ideally, for the end of the year. tom giles, good to see you on the east coast. >> it is like bloomberg east here. >> this is a big deal. they are busting the phones to find out what they heard, tell us about it. >> it turns o

maybe cory johnson hasn't thought. he obviously knows the tech community so well. , ciscos really shocked came out of the conference call and said they were losing business in china because of the nsa policy. then you look across the tech landscape and you saw ibm cell sales fall 40% year-over-year in hardware, hewlett-packard, a big chop off of sales into china. anything u.s. technologies can do to back the white house to change the policy -- besides that the white house to change policy? >> there is begging. i don't want to say that game but they are trying to pressure the white house. you see microsoft launching a pr campaign. you are seeing more tech companies with a presence in europe, a lot of them headquartered in brussels best -- google. microsoft has a big office. presence to have a here to understand what is happening. but fundamentally, this is a problem that is out of their hands. they are being blamed for something that frankly they were were required to cooperate with by law otherwise face all kind of rep

our editor-at-large cory johnson was at the event this morning. what can you tell us about this event. >> this is an important deal for spotify. they have took a big step to distinguishing themselves from competitors like pandora. they are enticing more customers to try their premium service. take a look at what the spotify's ceo had to say. >> it will not be about purchasing one song and then another song. it is about listening to music and adding to this unlimited collection on spotify. it is accessible on all devices. >> the chief content officer got into the nitty-gritty of how the service works. >> the new service allows three users to experience on any devices. three years ago, we launch the service and it was a different world. >> people had computers and desks back then. wright state introduced the service on the desktop and then they upgraded to premium to get features on the mobile. now the majority of our users are on the mobile devices. it is very important that we keep them engaged. it is all about an offering that keeps people engage

groups are going holographic, as cory johnson found out. >> old dirty bastards young again and alive again. ♪ the hologram trend started at the music festival. tour tickets spiked and 15 million people watched the hologram on youtube. album sales jumped five percent. 75% boost in two weeks. why set the stage with a hologram? >> with digital music destroying the industry, old business models, live concerts have become the bread and butter of the industry. >> a vital part of the business. >> rappers are using the hologram technology to create an intergraph this live performance with their long dead mentor for the rock the bells tour. >> bringing the live element in with the avatar and the whole existence of his life. we had to share that 18 years later. it is off the hook. >> this technology is an old trick. here is how it works. images of the artist performing our projected above the stage onto a mirrored surface. the mirror reflects those onto an angled transparent screen. >> you cannot pay for this. it is worth your money. >> cory johnson, bloomberg, san diego. >> today's mystery

i'm here with cory johnson. and we also have jon erlichman. we have been learning a lot about e-bay. it has been an exciting day. john donahoe is the ceo. >> yeah. it is like a smackdown between ebay and amazon. auction is a minority of their business. it will be entertaining and enlightening for people. they will learn about a lot of things. >> we will talk about that with john donahoe. we will also learn about the ebay's moonshot business. it is the same day delivery business. it will get to that within an hour. i have got these gloves. >> styling gloves. >> it was cold this morning. and the payment business, that is a monster of a business. billions of transactions every quarter. it is growing at double-digit rates. >> you go very in depth on some of the innovations they are working on at ebay. you are inside the commerce and innovation showcase. what is that about? >> this is a place where they try to explain to their many retail partners what the technology behind ebay allows for these retailers to do in their stores. we know that paypal

. >> welcome back, i am cory johnson. this is "bloomberg west." .etflix has been a big year they had critical shows that won a slew of awards and they continue to add subscribers. the company is making some big changes altering its pricing and losing some favorite shows and movies. jon erlichman has more. these changes are not small. doing a lot of stuff. the last couple of days, people have been talking about some of the top performing stocks of the year. netflix is near the top of that list. a lot of that has to do with the subscriber growth. that number really drives the revenue story and continues to climb and it stands at about 40 million. a lot of the moves they're working on our hide to growing that number. there is the tide shaanxi or the idea of purging some titles where the licenses are expiring. aboutall ultimately getting more members longer- term. let's talk about this purging of some titles. there's been some press about this is your last chance to watch "titanic" or cory johnson's favorite movie, "top gun."