this is bloomberg. ♪ caroline: this is "bloomberg technology" and i'm caroline hyde. apple beating a new record high raking $133. the next iphone will draw a resurgence in sales and have the company's growth. u.s. markets hit another record in the session overall. digging in, you will see the i.t. section of .65%. financials rise would .2%. paypal one of your key winners when you look at the i.t. area in the s&p 500. on the downside, nvidia was the worst performer. back to apple, we are joined by alex webb who tracked the rises and falls. are they that much more valuable? alex: the stock is at a record high. they are interestingly not at the records market capitalization. little belowally a that peak market cap. the stock is of the highest ever. cap,ine: market tentatively so close to 700 alien dollars. -- billion dollars. lex: it did take a bit of a boost after the earning score of the other week. the expectations for the next iphone sales. since then it is been tracking the market. forecast for the present quarter have kept people very optimistic. analyst: rb likely

caroline: i am caroline hyde. this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, snap pitching a stock to investors that is more expensive and comes with less shareholder control than any media company before. we will dig into the details. plus, the new deal for yahoo!. we preview the offer that could finally end its long dance with verizon. and, apple reaching new highs. what is behind the surge, and can it sustain? first to our lead. potential investors are scrutinizing snap financials. after it set the terms of its ipo. according to the filing, the maker of snapchat is offering 200 million shares for $14 to $16 each. at the top end of the range, snap would have a market value of $18.5 billion. that means the snap cofounders evan spiegel and bobby murphy could each take him a check for as much as $256 million. we spoke with david kirkpatrick and bloomberg tv editor at large cory johnson for more. cory: what becomes of this, i don't know. i mea

i am caroline hyde. silicon valley finds its voice as president trump's immigration ban fuels outrage across the tech sector. trump's next executive order restricted immigration. and trump's next order on immigration may even be a greater blow, targeting work releases that google and apple used to recruit talent overseas. on monday, sean spicer address ed the reform effort. >> you have already seen a lot of action on immigration. whether it is that or spousal visas, there is a need overall to look at all of these programs, and you will see executive action and comprehensive measures to address immigration as a whole and the visa program. caroline: we caught up with alex wayne in washington for more. >> this h-1b order is a much bigger threat to silicon valley than the order that trump issued on friday, although i think this h-1b visa order could be more popular among average americans than the immigration order on friday. there has been, especially in congress, republicans and democrats, there has been c

i'm caroline hyde. u.s. officials are investigating the extent of contact between president trump advisors and russian intelligence agents in the lead up to the 2016 election. this after trump's newly appointed national security adviser michael flynn stepped down this week. the developments are the latest example of national concern about russia's cyber capabilities and influence on u.s. national security. we spoke with retired four-star general and former director of the nsa keith alexander. he is now at the helm of ironnet cybersecurity, and in town for the industry's conference. general alexander: one of the things, i don't want to get in front of the president not having seen the executive order and what they are doing about it. i think what he gave to the press about addressing government, aggressively getting their i.t. infrastructure ready, about getting government and the industry to work together and addressing some of the key problems, i think those were all in the right venue and what our nation n

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology." where we bring you the top interviews from this week and in tech. coming up snap pitching a stock more expensive and less controlled than any media company before. plus, the new deal for yahoo!. the offer that could end its long dance with verizon. apple reaching new highs. what is behind the surge, and can it sustain? first to our lead. potential investors are scrutinizing snap financials. according to the filing, the maker of snapchat is offering 200 million shares. that is for $14 to $16 each. at the top end of the range, snap would have a market value of $18.5 billion. that means the snap cofounders could each take him a check for as much as $256 million. we spoke with david kirkpatrick and editor at large cory johnson for more. cory: what becomes of this, i don't know. it is a high valuation. on the positive side, they have big growth numbers on a year-over-year basis. we all know these story of who they are reaching and how valuable they are to advertisers. but this is an extrao

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology," where we bring you our top interviews from this week in tech. coming up, the resistance continues. 120 tech companies take a stand as san francisco becomes ground zero in the fight against president trump's travel ban. no trump bump for twitter, shares plunging after earnings as the u.s. user base remains flat. all the details, ahead. and intel places the $7 billion chip. we take a look at why the presidential bet on arizona is not as fresh as it may seem. but first, to the lead. the epicenter for the international debate on donald trump's immigration policy is here in san francisco. the case took on increased business importance as 120 companies including tech companies from apple, facebook, google filed a legal brief condemning it. leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. why? perhaps it is because many of the companies that define tech today would not exist without

. ♪ caroline: i am caroline hyde, this is "bloomberg technology." the resistance continues as tech closes ranks. america's ability to recruit top talent from overseas, our panel debates. two days before the biggest one-day sporting event in the u.s., the world of daily fantasy sports is hoping to score a touchdown. the ceo of draftking gives us his take. snap reveals its complex relationship with google. we will break it down. first to our lead, employers jobs in january, the biggest gain in several months. reports that president trump's next executive order relates to immigration could cake -- could take aim at work visas. many tech companies rely on immigration status for highly skilled foreign workers. critics say it is a way for tech companies to hire cheap workers overseas. michael solomon is the ceo of a recruitment firm. the criticism is there on the h-1 visa. it is misused. cheap labor program. you have written about this at length. is it the case that it is being misused? >> the minimum requirement is well below the average salary that soft

. ♪ caroline: i'm caroline hyde. this is "bloomberg technology." coming up, no trump bump for twitter. revenue growth stalls, the shares tumble on lackluster results. plus, the tech earnings parade rolls on with pandora falling short. we will bring you all the latest. and airbnb prepares to splurge. we will break down plans to open a $3 billion warchest in canada in what could be its biggest acquisition ever. first to our lead. twitter shares tumbled after quarterly revenue and profit outlook missed analysts' estimates. shares closed down 12% thursday. the social network is having trouble luring advertisers and new users to the platform. it added only 2 million monthly active users in its fourth quarter. that is just a game of 1.6%. this deceleration in user growth is causing advertiser sales to sag. ads represent nearly 90% of twitter's revenue. despite the media attention over president trump's tweets, the cfo acknowledged on the investor call that twitter's inability to calculate any impact just yet. >> we can't quantify any impact at this point

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology." where we bring you our top interviews from this week in tech. coming up, snap filed for an ipo, $3 billion, the details ahead. plus, apple sales at an all-time high and facebook sees mobile ad revenue pop. we break down the big tech earnings of the week. and the inside track on ge's digital pivot, the ceo shares how the biggest manufacturers turned to big data and won. a bloomberg exclusive interview. this week, snap filed its long-awaited ipo with an initial price of $3 billion, planning to raise $4 billion for a market value of $25 billion. the parent company of snapchat is the first u.s. social media company to go public since twitter. that was over three years ago. the ipo is the first opportunity for outsiders to get a close look into the company known for its culture of secrecy. we caught up with the bloomberg technology reporter. and the managing director of general capitalist, who also happens to be an investor. >> i was looking at revenue of $404 million last year, and a net

caroline: and equal pay by 2020. if you are an entrepreneur, a business leader, what are the step-by-step approaches to achieve that? tim: we have diagnosed the issues we have around it, one starts outside the company with what i would call pools, different talent pools. we have to reconnect our recruiting efforts into broader pools. if i went to a company said, we want to be 50-50 by 2020 and i said, let's go faster, we have to change what we are doing. we're rewiring the polls. and you go into an interview, we have to represent what you think the company is in the space and what you will be doing. if you are a female executive coming in, part of the interview process should be your meeting with female executive and getting that side of the story from us in terms of why you would want to come. and, the internal employee development process. if you are diverse talent, a female executive and you want to move your career along in general, we have to but the fundamental steps in place, which we have been doing. our plan

caroline: i am caroline hyde and this is "bloomberg technology." apple sales are at an all-time high. we will crunch the best ever revenue quarter for the tech giant. the ceo breaks down the most ambitious move yet in a bloomberg exclusive interview. tech rebellion against the travel ban. we will break down a potential thecon valley plan with pipeline to challenge the administration in court. first, to our lead. apple shares popping in after-hours trading. when you look at the bloomberg, you can see just two percentage points higher, reporting a first revenue revenue of $78.5 billion. also encouraging investors, the beat on iphone sales. apple pulled over 78 million iphoneecause of stronger se 7 plus. 18% revenue growth year over year. julie, great to have you here. >> thank you. caroline: the numbers are pretty share, the share actually rising. and the cfo told me on a call that it seems to be about the iphone 7 plus. >> absolutely. iphone sales make up the majority of apple's revenue. while we look at global smartphones subscribers, that number w

caroline has more on that. caroline: the trump administration, now breaking, saying it is readying sanctions against venezuela's vice president. the announcement comes after a year-long investigation and has into his alleged participation in drug trafficking. an amazing piece of journalism. the update on what is being announced. the announcement will come this week, we are told. the u.s. is said to be preparing sanctions against venezuela's number two official, the vice president. caroline: this is the most senior level of government we have ever seen sanctions put against? the most senior level for venezuela and possibly across the board, the highest level government official the u.s. has placed sanctions on. caroline: dig into the detail for us. what is being leveled? it is drug trafficking that seems to have been consuming the vice president of venezuela. were 34 members of congress, senators from both sides of the aisle, who wrote to trump on february 8, asking for action to be taken. the drug trafficking h

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology." where we bring you our top interviews from this week in tech. snap filed for an ipo, $3 billion, the details ahead. plus, apple sales at an all-time high and facebook sees mobile ad revenue pop. we break down the big tech earnings of the week. ge's digital pivot, the ceo shares how the biggest manufacturers turned to big data and won. bloomberg exclusive interview. first, snap filed its long-awaited ipo with an initial price of $3 billion, planning to raise $4 billion for a market value of $25 billion. the parent company of snapchat is the first u.s. social media company to go public since twitter. the ipo is the first opportunity for outsiders to get a close look into the company known for its culture of secrecy. bloombergup with the technology reporter. >> i was looking at revenue of $404 million last year, and an net loss of $514 million. you can see how much cash this company is burning. i bring that up because we have seen the headline daily active users, the revenue number, but

caroline: i am caroline hyde. this is the "best of bloomberg technology." we bring you the top interviews from this week and tech. a stock more expensive and less control than any media company before. plus, the new deal for yahoo!. the offer that could end its long dance with verizon. apple reaching new highs. what is behind the surgeon can it sustain? potential investors are scrutinizing snap financials. according to the filing, the maker of snapchat is offering 200 million shares. at the top end of the range, snap would have a market value of $18.5 billion. we spoke with david kirkpatrick and cory johnson for more. >> what becomes of this, i don't know. it is a high valuation. on the positive side, they have big growth numbers on a year-over-year basis. is an extraordinarily high price for any company of any kind with any kind of growth metrics, but for one with negative gross margins, with growth is slowing so much, where there are big questions raise, this roadshow will be an interesting one, but there are some strange things in the filing, a very unst

i am caroline hyde. this is the "best of bloomberg technology." we bring you our top interviews from this week in tech. snap filed for an ipo, $3 billion, the details ahead. plus, apple sales at an all-time high and mobile ad revenue pops. we break down the big tech earnings of the week. ceo digital pivot, the shares how it turned to big data and won. first, snap filed its long-awaited ipo with an initial price of $3 billion, planning to raise $4 billion for a market value of $25 billion. the parent company is the first u.s. social media company to go public since twitter. is the first opportunity for outsiders to get a close look into the company known for its culture of secrecy. revenue ofoking at 404 million dollars last year, and an net loss of $514 million. you can see how much cash this company is burning. the headline daily active users, the revenue number, but we did not have a sense for how much they are having to spend to get there. glimpsethe first investors have to take into account. can i ba

. ♪ caroline: welcome. i'm caroline hyde. this is "bloomberg technology." welcome to this friday. first, key headline coming up, a trump business tax bump. we look into how investors are weighing the impact of u.s. politics on tech. a tale of two ceo's. while uber's chief is getting vilified for his connection to trump, elon musk seems unscathed. we'll explain. from mobilizing against the travel ban to twitter's lackluster fourth quarter, we will break down the week that was in tech. first to our lead. u.s. stocks pushed higher in friday trading adding to records for all three of the major indices. part of the enthusiasm appears to be driven by president trump pledge to overhaul business taxes. but, of course, this comes amid a week of legal drama over the president's executive order on immigration, which remains on hold. tech companies largely oppose the travel ban and 100 firms got together in a legal brief voicing their concerns at the start of this week. so, how are investors wayne impact of u.s. politics on tech stocks? joining us is cathie woods from new york, and with us in

i'm caroline hyde. back to snapchat, setting out on their roadshow and they will be pitching to investors a more expensive valuation than any other media company we have seen before. alex reports. >> when deciding whether or not to put money into snapchat, investors will compare it to peers, twitter and facebook. so what is snapchat hoping you will equip them to? my sources say that they want you to think of them as amazon. there is a method to the madness, because it is a secretive company, investors must decide whether they trust the management to build a business on the back of highly engaged users. for now, it is unclear what it will look like outside of the app. while the company grows and expands, the management has told bankers that the financial performance could be "clunky." and the revenue model is only a couple years old and right now the losses are more than sales. sound familiar? these are amazon trademarks. the ceo of amazon has alarmed investors with massive spending to get into the new m

caroline: thank you for joining us. up, spotify is adding music from a big artist just in time for the grammys. we will tell you about the royal deal next. this is bloomberg. ♪ caroline: as we wrap up this edition of "bloomberg technology ." willapp has announced it roll out a two-step verification for all of its users. it will allow users to protect their account with a six digit passcode. it will provide an additional layer of security. arelix followed by disney named as the two biggest acquisition targets for apple. say thatt goes on to while deals are possible, and acquisition is unlikely. why does tesla rank at the top of the list? a recent consumer survey said 20% of the respondents wanted to see apple developed a car. and a royal addition to spotify. the streaming service will include music from prince's warner bros. catalog. companies representing his rights have been working to get songs like "purple rain" online in time for the grammys. the show will feature a tribute to the late musician. that does it for t

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, snap pitching a stock to investors that is more expensive and comes with less shareholder control than any media company before. we will dig into the details. plus, the new deal for yahoo!. we preview the offer that could finally end its long dance with verizon. and, apple reaching new highs. what is behind the surge, and can it sustain? first to our lead. potential investors are scrutinizing snap financials. according to the filing, the maker of snapchat is offering 200 million shares for $14 to $16 each. at the top end of the range, snap would have a market value of $18.5 billion. that means the snap cofounders evan spiegel and bobby murphy could each take him a check for as much as $256 million. we spoke with david kirkpatrick and bloomberg tv editor at large cory johnson for more. cory: what becomes of this, i don't know. i mean it is certainly a high valuation.

. ♪ ♪ caroline: i am caroline hyde, this is "bloomberg technology." the resistance continues as tech closes ranks. recruit topility to talent from overseas, our panel debates. the world of daily fantasy sports is hoping to score a touchdown. ng gives usdraftki his take. snap reveals its complex relationship with google. we will break it down. lead, employers adding 220 7000 jobs in january, the biggest gain in several months. that president trump's next executive order relates to immigration -- many tech immigrationly on status for highly skilled foreign workers. critics say it is a way for tech companies to hire cheap workers overseas. ceo.us, a the criticism is there on the h-1b said. it is misused. you actually written about this at length. is it the case that it is being misused? requirement is well below the average salary that software engineers, particularly in the technology injury -- industry would be earning. ,here is a great business model they can bring people in with these wages, but this harms the bay area in particular. there is the arg

. ♪ caroline: i am caroline hyde. this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, snap pitching a stock to investors that is more expensive and comes with less shareholder control than any media company before. we will dig into the details. plus, the new deal for yahoo!. we preview the offer that could finally end its long dance with verizon. and, apple reaching new highs. what is behind the surge, and can it sustain? first to our lead. potential investors are scrutinizing snap financials. after it set the terms of its ipo. according to the filing, the maker of snapchat is offering 200 million shares for $14 to $16 each. at the top end of the range, snap would have a market value of $18.5 billion. that means the snap cofounders evan spiegel and bobby murphy could each take him a check for as much as $256 million. we spoke with david kirkpatrick and bloomberg tv editor at large cory johnson for more. cory: what becomes of this, i don't know. i mea

caroline: you say the u.s. is missing the best economy in terms of banking, but what about the regulations? we are looking at the regulatory environment becoming easier, quarter unquote, for some of the banks. the dodd frank act has changed. depends on the outcome of the changes, so much of the rhetoric around regulations is notg innovation untrue. in other words, i agree that loosening some of the really tight grips we have put on the industry right after the 2008 crisis, you know, it has been a while. i think we can be a little bit example, about, for rules around mending, but a fair amount put into dodd-frank is as true as it was then. stirring it all out wholesale is a mistake. regulation is important, necessary, and markets do not avoid correct themselves quickly enough despite being a premarket capitalist, i happen to believe in regulation, so it is important to engage with the regulators as they reshape the rules right now. caroline: is it important to engage with the new administration is all? max: i th

. ♪ >> i'm caroline hyde. coming up, snap officially following -- filing for an ipo with an initial price of $3 billion. the details ahead. drop.amazon's numbers ceo slams on the brakes, calling it quits on trump's economic advisory council. all the details ahead. first to our lead. snape has followed the long-awaited ipo with an initial price of $3 billion. they plan to raise $4 billion for a market value of as much as $25 billion. the parent company of snapchat is the first u.s. social media company to do so since twitter over three years ago. this is the first opportunity for outsiders to get closer look into the company that is known for the culture of secrecy. joining us is alex barinka. we also have sara, who covers all things facebook and snapchat. , ale you are the ipo guru. the first thing i was looking at, the headline financial numbers with this company. i was looking at revenue of $404 million last year, and a net loss for the same of $514 a year. you can see how much cash the company is burning th

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology". snape's pitching stock to investors that is more expensive and comes with less s pitching -- snap' stock to investors that is more expensive and comes with less shares. apple is reaching new highs. what is the hind the search and can it sustain? first to our lead. the digital investors are scrutinizing snaps projections. according to the filing, the maker of snapchat is offering 200 million shares for 14 to $16 million each. at the top end, cap would have an evaluating -- they could each take him a check of as much as $256 million. we spoke to the ceo and editor at large cory johnson. >> what becomes of this, i do not know. it is a high evaluation. on the positive side, they have big growth numbers. we all know the story of how high they are reaching and how valuable they are to advertisers. this is an extraordinarily high price for any company of any kind with any kind of growth metric. for one that has negative growth margins, for one where growth is slowing so much where there is a

caroline: this is "bloomberg technology." i'm caroline hyde. facebook still jumping in after-hours trade straight get into my terminal, a more than two percentage points. investors bullish on the social network after a report say 51% jump in sales to $8.8 billion. the company user base continues to grow. adding 217 million active users in just one year. facebook solidified its position as number 2 in the market for mobile advertising behind alphabet's google. how can it continue with momentum into 2017? back with us the ceo of tech is economy and bloomberg contributor. let's start off with the share reaction we are seeing and the phenomenal growth overall we are seeing. almost 1/4 of one billion users added in one year. one of my colleagues, who writes for gadfly -- she was saying is basically an entire twitter. >> it is incredibly phenomenal. i see these numbers and it just -- it kind of blows my mind. even though i've been following facebook as an analyst for years, i think back to 1999, 2000, when i was in social media before we called it th

caroline: that is interesting. the administration, and not just completely trying to block everything every step of the way. theline: so far, brian, actions we are seeing of the companies working together as well, is it the listened to? there is a hope that it will be listened to because there is diplomacy and it. it does not have this sharp edge to it, so i think there is real hope that if we agree on this, we agree on that, what about these things? let's talk about that. it is the tone. caroline: many moving in the direction you without you see it. was it disappointment one might line ofement? -- one engagement? >> i don't know the specifics around travis stepping down, but in general, i am sad about it. i think he's a super smart person and having more smart people engaged with the process is better than being kind of bullied into taking an absolutist position. tactically, there is two things. you need to motivate your own base, people who agree with you, to keep the pressure on them and make sure they turn up t

. ♪ caroline: i am caroline hyde, this is bloomberg technology. facebook with another solid quarter in the books. we'll break down the numbers ahead. plus the inside track on ge digital pivot. and ao discusses big data bloomberg exclusive interview. read it's cofounder adds his voice to the courts of criticism and the legality of donald's travel ban and ahead. first to our lead. facebook shares surging in after hours. we are at all-time highs if we hold on to these gains up 4.6%. the company reported a jump in sales to $8.8 billion topping estimates. it reported just under 2 billion monthly active users and one point seven 5 billion users accessing the platform on their smart phones. this move solidifies facebook's position in the market for mobile advertising, just behind apple that -- alphabet google. kirkpatrick and thank you for joining us. clouds?re any some big silver linings here. >> clouds. i can't really think of any. i'm sure some people would be upset that the numbers aren't better than they are. somenalysts were expecting incredible re

caroline? caroline: yes, max with me now. i was just reading a piece where you were quoted saying you live in the land of giants. midget.at the moment a how does a firm which you have branded on your shirt become more than a midget and rival the giants? max: by growing as quickly as we has been, the road is heating up nicely. but we are not particularly focused on measuring ourselves up to any one particular giant. we are much more excited about creating value for our customers, our merchant partners , our partners in the financial industry. wrongg trend has been the one where companies, many companies walked out and say, everyone here is a bunch of idiots. we are not going to be anything like you guys. and that's just wrong. american financial system is probably the single best one in the world, and being a member of is a central part of our plan and everyone who wants to be around for the long term. i don't think i need to jump into being a giants, but i want to grow my way into the firm. caroline: talk to us about that gro

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology," where we bring you our top interviews from this week in tech. coming up, the resistance continues. 120 tech companies take a stand as san francisco becomes ground zero in the fight against president trump's travel ban. no trump bump for twitter, shares plunging after earnings as the u.s. user base remains flat. all the details ahead. $7 billionplaces the chip. we take a look at why the presidential bet on arizona is not as fresh as it may seem. but first, to the lead. the epicenter for the international debate on donald trump's immigration policy is here in san francisco. the case took on increased business importance as 120 companies including tech companies from apple, facebook, google filed a legal brief condemning it. leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. why? perhaps it is because many of the companies that define tech today would not exist without immigrants?

. ♪ caroline: i am caroline hyde. this is the "best of bloomberg technology." where we bring you our top interviews from this week in tech. coming up, snap filed for an ipo, $3 billion, the details ahead. plus, apple sales at an all-time high and facebook sees mobile ad revenue pop. we break down the big tech earnings of the week. and the inside track on ge's digital pivot, the ceo shares how the biggest manufacturers turned to big data and won. a bloomberg exclusive interview. this week, snap filed its long-awaited ipo with an initial price of $3 billion, planning to raise $4 billion for a market value of $25 billion. the parent company of snapchat is the first u.s. social media company to go public since twitter. the ipo is the first opportunity for outsiders to get a close look into the company known for its culture of secrecy. we caught up with the bloomberg technology reporter. and the managing director of general capitalist, who also happens to be an investor. >> i was looking at revenue of $404 million last year, and a net loss for the same year of $514

caroline: i'm caroline hyde. this is bloomberg technology. a rough week for the trump administration but the markets must have missed the memo. we analyze the winning streak as apple and amazon hit new records. plus, tech meets sports in the big easy. we are live in the mba tech summit for the all-star lineup. and while the heir to the samsung empire contemplates his fate time bars we turn the spotlight on south korea's culture of family-run businesses. u.s. stocks drive higher trading with all three indices closing in the green despite another week of of people in washington. one standout, t-mobile u.s.. softbank would be willing to give up control to sprint in a merger for the two mobilephone carriers. joining us now for more context is oliver. give us the hit. optimism is still really there despite travel ban mishaps, foreign policy issues. >> that is 100% the case. we've been looking at not only talking to investors, but the numbers as well. all of this is well recorded in terms of surveys for investor sentiment. the numbers are there. i

this is bloomberg. ♪ caroline: this is "bloomberg technology." i'm caroline hyde. back to snapchat, setting out on their roadshow and they will be pitching to investors a more expensive valuation than any other media company we have seen before. alex reports. >> when deciding whether or not to put money into snapchat, investors will compare it to peers, twitter and facebook. so what is snapchat hoping you will equip them to? my sources say that they want you to think of them as amazon. there is a method to the madness, because it is a secretive company, investors must decide whether they trust the management to build a business on the back of highly engaged users. for now, it is unclear what it will look like outside of the app. while the company grows and expands, the management has told bankers that the financial performance could be "clunky." and the revenue model is only a couple years old and right now the losses are more than sales. sound familiar? these are amazon trademarks. the ceo of amazon has alarmed investors with massive spending to get into the new m

caroline: i'm caroline hyde. this is "bloomberg technology." coming up, no trump bump for twitter. revenue growth stalls, the shares tumble on lackluster results. tech earnings parade rolls on with pandora falling short. we will bring you all the latest. nb prepares to splurge. 3e break down plans to open a $ billion -- in canada and what could be its biggest acquisition ever. first to our lead. twitter shares tumbled after quarterly revenue missed analyst estimates. shares closed down 12% thursday. the social network is having trouble luring advertisers and new users to the platform. it has only 2 million monthly active users. mis-deceleration and user growth is causing advertiser sales to sag. ads represent nearly 90% of twitter's revenue. despite the media attention over president trump's tweets, the cfo acknowledged on the investor call that twitter's inability to calculate any impact just yet. >> we can't quantify any impact at this point. we will continue to analyze that as we go through q1. caroline: where does twitter go from here? to break down the number cory johnson. fro

caroline hyde is standing by with aol ceo tim armstrong. caroline: i am indeed. a little bit from his bio. ceo of aol, helped with the acquisition of verizon. he has tech in his back pocket. senior executive of google. even cofounded a newspaper in boston. i want to first of all really hit what you are announcing here at this female leadership conference. you are aiming for 50-50 in terms of female-male executives. how do you do that? ago the started six years as we partnered with makers as a brand. there are 4500 women stories on makers, the largest catalog online of women's leadership stories. we also want to lead as a company in this space. it is clear to us with our executives and up-and-coming executives, we asked them if there was one thing we could do to send a message as a company? they said, could we get to 50-50 gender diversity at the top of the company, and we made a commitment to it. we announced it on stage about an hour ago, and we are in the process of getting the company reestablished, we are recruiting. by 2020, we want to be 50-50 across the bo

. ♪ caroline: this is bloomberg technology. coming up, the gamble on software returns up mixed results. break down the earnings for the second quarter. and we preview the opposite could finally end its long dance with verizon. and the cyber threat from russia is linked to russian intelligence and we speak with an is a director general chief alexander. first to our lead. cisco shares popping in after-hours trading. second-quarter revenue was over $11.5 billion, just beating estimates. the forecast may fall short of those projections. cisco has been struggling to jump start sales growth, ships to software-based services. joining us to dig into those numbers is cory johnson. we are seeing the function, if you are looking at it come a shares fell in after-hours trading, popping slightly higher. it seemed to be in line. cory: second quarter often tougher cisco. this is another slow turn that is cisco as they moved through security, more towards software. you see the turn of their business. when it comes to burning surprises, you kno

. ♪ caroline: this is bloomberg technology. coming up, the gamble on software returns up mixed results. break down the earnings for the second quarter. and we preview the opposite could finally end its long dance with verizon. and the cyber threat from russia is linked to russian intelligence and we speak with an is a director general chief alexander. first to our lead. cisco shares popping in after-hours trading. second-quarter revenue was over $11.5 billion, just beating estimates. the forecast may fall short of those projections. toco has been struggling jump start sales growth, ships to software-based services. joining us to dig into those numbers is cory johnson. we are seeing the function, if you are looking at it come a shares fell in after-hours trading, popping slightly higher. it seemed to be in line. cory: second quarter often tougher cisco. this is another slow turn that is cisco as they moved through security, more towards software. you see the turn of their business. when it comes to burning surprises, you know th

caroline: timeline? it is ongoing, i don't want to give a timeline, during q1 we will have more information. that we can sit down and discuss with them in a coherent way next steps in terms of outcome. it is too early to have that discussion. deal closes, we have a high appreciation for yahoo! overall. is how simple it is. caroline: the driver is tipping on more web users. facebook and google dominate the space. how will you be the number three player? tim: we bring something unique. google and facebook are gold medal athletes. performing, executing well. a very good job and they continue to do a good job. he wants a sweet wants to be in a athlete and it is in the brand space. the one place we want to be an athlete and is the brand space. news, noticed with fake and in the search space where going to moreen ai then user directed search. brand because a very important role. we wants to be owners and partners and have a brand advertising system that really helps find new consumers simplyt -- if i said face

this is bloomberg. ♪ caroline: this is "bloomberg technology." i'm caroline hyde. investors moving shares of twitter today. stock closed higher ahead of the quarterly report out before the bell thursday. twitter continues to focus on its video efforts. this week, we learned ceo jack dorsey promoted the periscope ceo to lead of all live video on the platform. what will wall street look for in the numbers? with us, our guest host, david kirkpatrick in new york. also bloomberg editor at large, cory johnson. we are not expecting very much in terms of monthly active users increase. cory: here's how the business works. you get more users and advertisers, more and more users, charge advertisers. the problem is both of those things are starting to hit the skids. user growth has been weak over the last year and a half. those numbers are pretty bad. they got a tiny bit better in the last quarter, but nothing to be thrilled about. they were able to hide that by having revenue per user increase. it is still increasing, but it is increasing at the slowest pace in the company ha

caroline: 2012. cory: january 2012. the notion our last president and our current president have both looked at this facility as an example of their prowess and bringing manufacturing jobs to the u.s. intel was going to do this hires. intel is very clever to go to the white house with that announcement. but these jobs were coming one way or the other. caroline: give us your take. how does this sit with you? david: i actually think intel opportunistic but i cannot blame them. when trump was at the press conference he said a few weeks ago,, brian called me and said he had an announcement otto make. if he can make his announcement standing next to the present or issue a press release with some kind of poorly attended press sanerence in francisco, it is a no-brainer. he got tremendous publicity out of it. he also served trump's needs. hasy's "financial times" this great headline about prime minister abe. abe seeks to offer trump gifts of twitter will investment pledges. the prime minister of japan is with thingse u.s. that

caroline: i'm caroline hyde. this is bloomberg technology. a rough week for the trump administration but the markets must have missed the memo. streak as the winning apple and amazon hit new records. meets sports in the big easy. we are live in the mba tech summit for the all-star lineup. and while the air to the same some -- samsung empire contemplates his fate time bars we turn the spotlight on south korea's culture of family-run businesses. u.s. stocks drive higher trading with all three indices closing in the green despite another week of of people in washington. one standout, t-mobile u.s.. softbank would be willing to give up control to sprint in a merger for the two mobilephone carriers. joining us now for more context .s all of her relic -- oliver give us the hit. optimism is still really there despite travel ban mishaps, foreign policy issues. >> that is 100% the case. we've been looking at not only talking to investors, but the numbers as well. all of this is well recorded in terms of surveys for investor sentiment. the numbers are

♪ >> by am caroline hyde. this is the "best of bloomberg technology", where we bring you our top interviews from this week in tech. up, one hundred 20 tech companies take a stand as san francisco becomes ground zero in the fight against president trump's travel ban. no trump bump for twitter, plunging after earnings as the u.s. user base remains flat. details ahead. 's $7 billion chip, why the that on arizona is not as fresh as it may seem. the epicenter for the international debate on donald trump's immigration policy here in san francisco. 100 20 companies from apple, facebook, google filed a legal brief condemning it. sector from the tech were among the first and most outspoken critics. why? perhaps many of the companies that defined tech today would not exist without immigrants. ♪ here is a quick recap. ♪ caroline: now my colleague cory with theaught up and former advisor to twitter. you look at the history of some of the most famous tech companies, and there is a lock to in terms of the data historica

caroline hyde is standing by with aol ceo tim armstrong. caroline: i am indeed. a little bit from his bio. senior executive of google. even cofounded a newspaper in boston. all reallyirst of hit what you are announcing here at this female leadership conference. of are at 50-50 in terms female-male executives. how did you do that? as a brain was our first really investment -- real investment in women. there are 4500 women stories on makers, the largest catalog online of women's leadership stories. you want to lead as a company in this space. with ourar to us executive and up-and-coming executives, we asked them if there was one thing we could do to send a message as a company? they said, could we get to 50-50 gender at the top of the company, and we made a commitment to it. we sat on stage about an hour ago, and we are in the process of getting the company reestablished, we are recruiting . by 2020, we want to be 50-50 across the board in our executive team and top management of the company. it is a bold goal but we will figure it out. and equal-- caroline: pay by

caroline: one word -- optimistic? borje: optimistic. wecsson is an innovator and continue to be really well positioned for the future. caroline: it is great to see you. almost six weeks into the job. chief executive of ericsson. guy: great conversation. caroline hyde joining us talking to the ceo of ericsson. let us talk about the stock movers. some of&a news driving the biggest of movers today. intesa up 5.6%. it has risen the most since december 8 after it abandoned its merger with generali thing it does not see sufficient value. it will create organic value for shareholders. we are seeing generali drop on the news. deutsche boerse and lse not quite dead but the $13 billion tire with deutsche boerse is unlikely to proceed after a new regulatory hurdle. deutsche boerse expects the european commission decision by the end of march. but the odds are at less than 50%. quite a lot of movement in both of those stocks on the back of that. direct line insurance group. leading losses among u.k. insurers. direct line is seeing its biggest slump

caroline hyde spoke to the v.p. of the european mobile division. >> we have been through a big challenge with the note 7, one of the biggest challenges in our history. we took a lot of learning, and we want to demonstrate today that quality is part of our mission. i think we want to thank all of the customers that stayed with us and even embraced more the galaxy s 7 in the past few months. that demonstrates we are still well tuned with our customer base. we owe them more innovation and more quality the future. that is what we are showing today. caroline: will you refurbish the note 7? many loved it. many seem to be taking it back. will it be going back on the market? >> i cannot commit on that. i think we are trying to find of thet way to dispose products in the most responsible way. we are working with authorities and our partners to find the most responsible. caroline: samsung has been known to drive innovation, sometimes putting out pieces of equipment maybe early in the lifecycle before they have been practiced.

caroline: you have come out in support of washington state. you have clearly made their voices heard, but how do you feel about the administration in general? we see stocks rallying today on the views of donald trump and tax reforms. do you see net negative or positive when you look at expedia and the current administration? for net are hopeful positive. rethink their positive moves on tax reform that we are probably in favor of. the devil is in the detail with all of these but we would like to see corporate tax reform. spurring economic activity for some of the infrastructure spending that administrations propose are in the right direction. on the negative side, we are concerned about the preservation of one of the greatest brands in .he world, which is brand usa caroline: it has been wonderful having your time today. mark, alive with us. julie: caroline hyde in san francisco, thank you. ♪ this is bloomberg markets. i am julie hyman with mark barton in london. the world's largest cosmetic company l'oreal met analyst estimates but they say 2

with me are the broadcaster penny smith and caroline wheeler, political editor of the sunday express. let's ta ke let's take a look at some of the front pages. the front page of the sunday telegraph leads on the government's £60 million investigation into historic allegations of abuse in iraq. the paper says mps are due to report that it's unfit for purpose. the observer reports that theresa may's government is going to make a major shift in housing policy — away from trying to promote home ownership — and towards better deals for people renting properties. donald trump appears to have found a new ally in the shape of the former archbishop of canterbury. george carey is quoted in the sunday express as hitting out at the "hysterical" overreactions of the president's critics. the sunday times has investigated what it calls "deficiencies" in defence procurement, including ships so noisy, russian submarines can hear them 100 miles away. the photograph is of england player ben te'o celebrating victory over france in the six nations rugby. finally, the mail on sunday headlines that for

manus: matt miller and caroline. matt in berlin and caroline in paris. is paulin london donovan from ubs still with us. the shifting politics of europe. focusing on france. my question is this -- the ability of francois fillon to sustain himself in this campaign is under pressure. the next 48 hours will be critical to arbitrate whether he stays or goes. >> in the broader picture, the concerns of the markets are essentially about marine le pen's position rather than the alternative candidate. is this ist remember a two round vote. thirdr francois fillon is or fourth is less relevant than what happens in the second round. is he a credible challenger if marine le pen wins the first round and we have a race in the second round which prevents an anti-establishment, anti-euro candidate from winning the presidency. anna: on the bloomberg, we have with lacqua less a -- lech walesa. he said that if marine le pen wins and angela merkel loses, then the eu will fall apart and we have to be ready for this. and you said we do not need to be ready for this. >> when i t

this is our oldest daughter caroline. this is joseph and michael. this picture is a little bit old now. i guess it's about five years old. caroline is 21. joe is 18 and michael is 13. he has grown up a lot since this picture. but that's -- of course, the most important thing in my life. really, they're actually in the other room right now. i was practicing my first floor speech. i'll be giving my first floor speech today. a one-minute speech. i was practicing with them. >> what will will it be about? >> the u.n. resolution related to israel and the palestinians. i support strongly the state of israel in the debate. i was practicing my remarks. this is my first campaign. i told you i have been involved in many campaigns. it was the first campaign where all the children were involved. my wife has always been involved. our daughter caroline was going door to door, making phone calls. she was on a commercial. joe was making deliveries, going door to door as well, making phone calls. michael was mainly stuffing envelopes. everybody was involved and it wa

caroline hanson is one of the most sought after singles in new york city. >> here's my profile, me happy, golden retrievers. >> you're one of the most eligible bachelorets in new york, how does that feel? >> it's definitely flattering. >> reporter: the list, compiled by popular dating app hinge, boast daters that are attractive and accomplished. the selections are based off profile interactions which hinge claims emphasize personality not just profile pictures. >> are you finding that the quality is a little different when you're actually getting to know more about the person? >> yeah, it's people who are actually invested in meeting people. as opposed to again, like the hook-up culture, just swiping she's hot, i'm going to go out with her. >> reporter: caroline said she quit using the swipe dating app, apps like tinder and bum bell, in favor of hinge which instituted a subscription fee. >> tell me about your experience with online dating. >> to me, it's a no-brainer. in new york, it's really hard to meet people. >> reporter: so rearchled by hinge with a fellow super catch chris kafero.

caroline hyde by with a guest. caroline? >> this is the chief executive uca.iat, look at a male -- l owned by volkswagen, the german giant. a mobile event. why? >> it makes a lot of sense to be in the mobile and obviously, we are the brand of barcelona, so i think the natural, especially because we are investing a lot in connective cars and you know, the big frames, and we would like to be a front-runner, so i think it is a great fit, and the reaction is very good. luca: i mean, we do not know until the wall thing will developed, but it will be one of the field will be specialized because our customers are very young, asking not to interrupt the digital experience. connective cars will be the next big platform for mobile together with the house. caroline: you have been writing in the u.k. press. article saying you want to compete also collaborate with technology. you are working with apple, samsung, as well as google. are you really going to collaborate? don't you really want to own the whole ecosystem? you don't want to giv