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tv   Bloomberg Technology  Bloomberg  December 23, 2016 11:00pm-12:01am EST

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>> you are watching "bloomberg technology." the united states has given its biggest rebuke in recent history to israel, allowing the un security council to condemn israeli settlement in continuing construction and palestinian territory as a flagrant violation of international law. instead of casting a veto in support of israel, the u.s. abstained among which gave a green light to the council to approve the resolution unanimously, a move greeted with loud applause in the security council chamber. president-elect donald trump reaction to the u.s. abstaining from the security council vote. he sent out a tweet not long ago
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, after the session concluded, saying "things will be different after january 20 ago with the another duration less than a month away, jimmy carter is the only, president to rsvp. bill clinton and george w. bush are putting their decision off until next year, and a spokes person is saying george h.w. bush will not attend because of his age. president obama is planning a farewell address next month and chicago. the remarks are scheduled to take place january 10 and will likely include a thank you to illinois for launching his political career. global news 24 hours a day. this is bloomberg. ♪ caroline: i am caroline hyde,
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this is "bloomberg technology." off a up, twitter caps tumultuous year with another misstep, but this time it has company. how a social media giant is struggling. plus, the commercial space race that could be set to lift off under donald trump. how peter thiel could be the x o deep space exploration. and two tech titans sound off. first, our lead. twitter is struggling with its video advertisement. the company discovered a software bug that overstated how often video ads are viewed on android phones. this is the latest misstep to shake faith in video advertisements. it comes after facebook revealed its struggles with video advertising and raises questions about the lucrative business of online advertisements. joining me is our guest host,
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brad stone. welcome. is it another hit to twitter? brad: let us start out and address what i call the twitter paradox. the year has been horrible, the stock is way down, executives are leaving, and yet somehow it has never been more important to the public conversation, . trump waged his campaign on twitter and the media eats it up. it has found its place in public discourse. on the other hand, the vp of product has left, you mentioned the cto, this is really anthony noto's company right now. caroline: he is an x goldman sachs banker. he is really running
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things and it is his video strategy that has taken front and center. i really wonder what 2017 holds for jack dorsey as a leader. caroline: talk to us about the advertising conundrum that is going on at the moment. it is ironic, these companies are meant to make it so easy to trace advertisements, but facebook and twitter are derailing things. brad: the specific instance you mentioned for twitter was one month of an error in tracking video ads, they reimbursed some advertisers, very small numbers. yet, it is part of a broader trend. for the past couple of months, facebook has made these announcements that it is miscounting impressions in the instant articles users see on the site in its video advertising, and it is ironic because here was an industry the promised precision and really demolished traditional advertising, and they are now
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admitting they have not counted things very well. we need a neutral audit of what the traffic is and i think that is where they are going. caroline: twitter seems to be ahead of the game when it comes to video advertising, looking at vine and periscope. brad: you have to give it jack dorsey for seeing that faster than other people but i think twitter just doesn't have the assets or capital to compete for the content. you look at amazon or netflix paying billions of dollars to acquire content and sometimes creating their own, twitter is a small fish in the video pond. caroline: speaking of which, where the land lies, brad stay with us. did not mince words about how he felt about the company. he sold a large part of his
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stake in twitter. check out this interview in san francisco. >> it is an incredible story of underachievement. potential that was never realized. i would be excited for someone with some product vision to go in and take chances. we know it has the most valuable in the information world. there is stuff in there for every person on the planet. they have failed repeatedly to put that in an easy to digest way for most people. >> have you been disappointed in jack's leadership? were you hoping he would bring in someone else? >> yes. i was hoping to see adam get involved again. >> was that on the table? >> yes. not necessarily a formal role, but i always felt he had the product vision at that company. he went from 2 million users to
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200 million users, and he may not be the guy who wants to henote on the big stage, but was always at the front of the market. four years ago he was talking about live video, and i don't think any of us understood the urgency of it. i really want to see adam bain's role grow. it has not grown like we thought it would grow. he is delivered on the revenue side to the extent he can without user growth. i would like to see this go to a partner who has distribution and who can grow it organically using other platforms and also says, we have the best data and faster than anyone else, why are we not making it easier? >> do you think twitter can still be an independent company? >> i don't see how it gets materially better over the next two years without fresh blood.
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i don't see a path to that. think there is any twitter 2.0 or 3.0 in the works. i have not heard anybody talk with any passion about what is coming down the pike right now. >> do you hope for acquisitions? a new ceo? >> i hope for acquisitions. i think there are some great product teams that would fit in naturally. this is not a new thing for me. i've been saying it for a long time. it is a natural complement to four or five companies. >> who would you like to see? sefit.s an obvious google i think google underestimated the company for a long time because it is not scientifically difficult to pull off. that is the same reason google underestimated blogger for so many years. it was a canvas on which humanity painted incredible thoughts. that is what twitter is. but it is to a scale that blogger did not achieve. facebook is try to copy this
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company number of times and have not pulled off yet but i think they could bring some great vision to the cure ration -- cu ration of the tweet. we are busy all day and we check into twitter, i don't want to see the 10 most recent tweets, i want to see the 10 best. that is why sportscenter exists, you can see the highlights and you don't have to watch the game that happens to be on at that moment. i think microsoft would be able to absorb the business and take some chances with it. >> disney? >> disney makes sense. i think people are overrating the importance of media on the platform. the truth is, there is a lot of audience and engagement there, and if you do that, media partners will come. you don't necessarily have to do a strategic media assets deal to get people excited about a platform. you just make it the most fun place to engage with the content and easiest to monetize and then content shows up. >> you were the biggest shareholder at one time.
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have you sold shares? >> yes. >> how much? >> the way i would put it, i don't own as many as i used to because i am not an idiot, but i own more than i should because i am an idiot. caroline: that was emily chang with chris sacca. still with us, brad stone. i wanted to begin on who is the biggest shareholder. chris sacca says he is not. digging into the terminal, you can see evan williams is still number one. he has 6% overall. vanguard is up there. number three is saudi arabia. the prince of saudi arabia. then there is jack dorsey. do you agree with chris sacca that he was right to get out? brad: the trajectory of twitter has not bestowed glory on anyone. this is a company, the many histories of the company show it has had some dna problems. the founders never really got
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along. i think there is plenty of blame to go around, and some we could lay on chris sacca's doorstep. he was one of the early investors, he acquired shares and lobbied very publicly for the previous ceo to be ousted. we look back and we see, the last year has not been any better for the company. i think there is plenty of blame to go around. for sure he is right, there probably is a buyer, and as the stock continues to fall we might find out. caroline: speaking of stock falling, i have the recommendations up for twitter at the moment, the white line, the price target has slumped. the market cap is less than $12 billion. brad: $40 billion after the ipo. caroline: that is phenomenal changes. you see the yellow line, the price target, it has kept up basically. we're seeing a share price dip below the price target.
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17% ofng in the red, analysts say to sell. brad: there is not a lot of consensus. a goes back to the paradox. this product as it exists is necessary. it serves the public function. and yet as we have seen from the stagnant user growth, it does not have widespread appeal. the company has been on a journey to find something else and we will see if the video strategy can be that something. caroline: i think the most ironic is that one of the most public figures, donald trump, did not think they were heavyweight enough company to invite to the tech meeting. uninvitederhaps they jack dorsey because of his refusal to play ball during the campaign. caroline: brad, thank you. you are sticking with this.
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up next, a changing of the guard in washington means a chance to shake up the u.s. agenda for deep space. what president-elect trump means for nasa and spacex. this is bloomberg. ♪
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caroline: president-elect donald trump has not said much about the u.s. space agenda once he takes office, but this week his team added a key figure to its so-called nasa landing team. charles miller is joining the panel and he is seen as a strong advocate for private-public partnerships with nasa that has given rise to spacex contracts. peter thiel is donald trump's most prominent silicon valley supporter. his founders fund was an early backer of spacex.
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joining us is marco and lori. lori, i want to get your point of view first. what are the intricacies the administration will have to go through in handing over from obama to donald trump? lori: the landing team got a late start, but they seem to be a large group. now with charles miller, that makes eight or nine members and they have a very short time to review what is happening at nasa and recommend new leadership for the agency and policies. i think the team itself is split between a handful of people who are traditionalists who would like to see the status quo am a cost-plus contracts perpetuated and some of these new people who would like to do what the obama administration tried to do more of at the beginning but ran into
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congress. it will be interesting to see if they have more luck. caroline: marco, talk about the potential split. who potentially wins out? will it be the likes of space x and blue origin or the older guard? the likes of boeing and lockheed martin. marco: i don't think anything is going to change dramatically over the next year or so, but there are clearly two camps, one that has a preference toward nasa continuing to lead the way, to create a vision for what to do in space, and then you have this new approach, which is really more of a partnership between nasa and private industry and even letting private industry take more of a visionary lead. traditionally, nasa has had a harder time coming up with the vision over the long-term and sticking with it. not that this is nasa's fault, a
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lot of times congress changes things. i think what you will see now is private industry setting the tone a little bit more than in the last half-century. my sense is that given what we have seen from mr. trump's talk, he will have more of a preference for letting commercial industry take a leading role. caroline: lori, you are talking about the blockades the obama administration came across during that particular rule over nasa. what would you like to see in terms of the legacy obama had and how that might unfold under donald trump? lori: i think we've got a foothold with commercial companies and have had some successes and there will be no turning back. the question is really one of balance. a you going to have, as we do
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now, the majority of the funds going toward cost plus contracts to build a very large rocket that doesn't really have a destination, that takes $3 billion per year to go in may be the mid-2020's and into the mid-2030's into mars, or do you allow the private industry to complete those missions? i think it is something we hope we can do, to have the private sector more involved. i think the one bright spot perhaps of a donald trump administration, hard for me to say, is that they will stand up to congress and say no, the contracts in your district are not worth halting the space program over or slowing the space program over. and that they will allow entrepreneurs and even the boeings and lockheeds to compete. caroline: marco, what gets
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prioritized in the next 4-8 years, what will we see achieved by nasa? marco: a lot of the future of where we are going in space will be determined by the space launches and sls. that is a huge program. takes up to, that $3 billion per year. this is a $10 billion program through 2018. if the decision is to keep that program going, even at the same time as other companies like spacex are developing similar rockets, we will know the shift toward more of a public-private partnership of having private industry leader the way is not going to happen quickly. however, if the sls is canceled, we kind of know where we are going. caroline: last time we had you on, we were discussing perhaps
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the setbacks we had seen for spacex. how much will this hinder spacex growing within nasa? marco: i don't think it will so much. as i said before, if you're trying to do some ambitious stuff in space, you will have setbacks just like you have had in all the other industries, aircraft, automobile, railways. one of the things that struck me about what elon musk said a few months ago about his plans to go to mars, they asked him more be -- what would be the main requirement for candidates to go on a mission, and he said, you have to be willing to die. i think that was very honest and telling. it is clear there are going to be problems along the way. i think that is why private industry is a good leader for this industry because they will slow down a little bit but they will not stop. that is not so easy for a government agency.
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caroline: lori, if we do see silicon valley more embraced by nasa, maybe even speeding up, even if some of the private industry also do well, what about where the focus is being put? a lot of space missions are to do with climate change and that will probably come off the agenda. lori: that is the big shift that i think most of us fear. the earth sciences program will be greatly reduced. there is a lot of talk by republicans and the incoming administration of coming back on earth sciences at nasa, letting noa do it. noa is an operational agency, and the nasa systems have been critical to monitoring the planet. that is probably the most negative thing people are concerned about. you also have a shift in the long-term human expiration destination, from mars to the moon. you look at newt gingrich as a key advisor, and we have all
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heard that we have had elon musk and jeff bezos at the tech meeting a week or so ago, and after the meeting we were told that mike pence has involved himself and is hoping to lead the space council, which we've had in past administrations but not more recently, and put us back to the moon instead of long-term, we will still go to mars, but the moon as a next up. the commercial space industry, where you are developing space in a more rational step-by-step approach, that is a more natural way of doing things. there is a huge moon-mars debate. i sense the moon is rising. caroline: wonderful to have you both on. thank you both for giving your time today. now, more of "bloomberg technology" coming up. a reminder that all our episodes are live streaming on twitter.
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check us up weekdays at 5:00 p.m. in new york and 2:00 p.m. in san francisco. this is bloomberg.
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caroline: on today's tech funding board, alibaba's on-demand service is securing billion for expansion. this latest round has the stock up by about $8 billion. staying with chinese tech, baidu says reports that it is planning a billion-dollar ipo for its video streaming site next year are not accurate. the internet giant published a statement on friday. baidu says there is no timetable in place for the ipo and it supports independent growth and development is going well. coming up, everything you need to know about this week in tech
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news, including numbers run in with california regulators. that is next. this is bloomberg. ♪
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>> you are watching "bloomberg technology." let's begin with a check of first word news. malta's prime minister says the libyan men who hijacked a plane and diverted it to malta had a hand grenade and pistol. a second pistol was found on the plane. all 111 passengers on the plane will be returned to libya after their questioned by police. the hijackers are being interrogated. investigators are trying to determine whether the suspect in the deadly german truck attack had help. the suspect was killed today by police in milan. germany and italy are trying to reconstruct the root he took from berlin. french authorities have not said how he crossed into france.
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and islamic state link to video shows him calling for more attacks in europe. the group claimed responsibilities for the attack. in moscow, vladimir putin took aim at the u.s. democratic party at his annual news conference today. the russian president said the democrats need to learn how to lose with dignity. he also said donald trumps remarks about expanding the nuclear artists -- arsenal do not taken by surprise. isthe president-elect, that nothing new, in his election campaign he kept saying there is consolidate the nuclear element. there's nothing absolutely new. tweeted the u.s. must bolster its weapons until the world "comes to its senses" regarding nukes. china is reacting to donald trump's and putin's comments on
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weapons. they said that the country with the against nuclear arsenal should take the lead in disarmament. suspects inspired by islamic state are in custody after planning a series of christmas day bomb attacks. the manner charged with preparing a terrorist attack. >> i can assure all australians that our police services across the country, our intelligence agencies across the country and around the world are at the highest state of alert, learning from every incident, whether it occurs here or abroad, running in place measures to keep australians safe. >> and the economic community of west african states says the block will use military action in gambia if the president does
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not step down next month. the president lost the election last month and refuses to leave. global news 24 hours a day, this is bloomberg. ♪ caroline: this is "bloomberg technology." i am caroline hyde. we are visiting the top tech stories of the week. from twitter's executive brain had toas to executives the exit. ending aok to uber standoff with the state of california, pulling its self driving cars from san francisco streets. earlier i sat down with brad stone and sarah frier to recap the tech week. take a listen. sarah: this company has had executive turmoil as long as they have been a public company.
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if you look at any time they have mentioned executive leadership in a presentation, you can cross off most of the names since they started in going public. they have had a lot of trouble defining their vision and moving in a direction that contributes to growth. that brain drain really contributes to instability that twitter does not need when it s stock is so under pressure. caroline: a billion dollars in market value wiped out this week. they could not find a buyer for themselves this year. brad: we have had a joke that it is dangerous to profile a twitter executive these days because they might be gone by the time the story comes out. this is really anthony moto's company right now. he does have a vision of organizing twitter around live video. we will see how that goes. this is a company, even as a
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failed to find a buyer, with very little runway. they have to do something dramatic. if the price falls, it might start up again in 2017. caroline: advertising measurements came out last night. bad timing for twitter. they also noted that they overcharged some of their advertisers for video advertisements on android phones. video advertisement is what they want to focus the company around. the fact that they were overstating how many people viewed the videos and are overbilling -- they issued refunds but it is still not a good place to be. to their credit, they are not the only company who has had that problem. we were talking earlier about facebook and they had several metrics that overstated the amount of digital engagement they have had. these are numbers that advertisers followed to find out if their advertising spending is going well.
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brad: there is a great irony that an industry that offered precision around advertising is meshed in scandal around what they are really telling advertisers. caroline: shifting gears, we are going to be looking at uber now. they have been running up against regulators in california and have backed off. they are shipping to arizona with the self driving cars. brad: out of the uber playbook, don't ask for permission, beg for forgiveness. people are not sure what to think of self driving cars and the fact is that our roads are public property and shared by drivers and bikers and pedestrians and we depend on government to keep it orderly. this was almost a step too far and now uber is moving to arizona and will march on. it is a company that does not surrender. caroline: it is fascinating whether they would act like this if they were a public company. many helping they will go to the
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public market in 2017 or 2018. how do people feel about that? do they think the regulators should be keeping pace, or that uber should've gotten the license? sarah: this is a much different regulatory battle than their first. that was to allow people to order a car from everywhere. that is a great thing, that is what everybody wants. this is different, it is technology that could actually kill people if it does not work. self driving, they were not totally self driving. they had a driver in there who would take hold of the wheel if anything went wrong. they had other guys taking notes. it was baby steps. you're right, in the city where it would be embraced, you would think, but you have to be -- brad: nobody wants to see our streets turn into a science experiment that could have ramifications from
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life-and-death. caroline: let's shift into computer learning. ,nd into one that has blown out the echo. it is sold out. brad: it is a great product. people love it. you have to give amazon credit. they have labored for eight years experimenting and trying new hardware strategies, and a lot has not worked. the fire phone was a failure and the fire tablet, not a lot of people sing its praises. the kindle found a niche market, but it has not expanded all that much since early days. they went on to google's turf and identified a great market segment and i think they deserve credit. caroline: sarah, you are the social media reporter here at bloomberg. looking at facebook, it has been
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brilliant and sometimes painful watching him up because mark zuckerberg designed his own jarvis. sarah: mark zuckerberg has definitely hammed it up on his facebook page of how jarvis works. certainly is not something he will try to sell on the market. it was more of a personal challenge. it was one of those things. he did that, he built that, and he has been using it in his home with the voice of morgan freeman. caroline: that was brad stone and sarah frier with me earlier. and a story we have been following, vladimir putin says the parties responsible for cyber meddling in u.s. elections acted from another country. not russian. here he is at his annual news conference on friday in moscow. >> as the president-elect quite
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rightly said, nobody knows who these hackers were. they be they were in another country. not in russia. maybe somebody on a sofa or in their emails.o it is easy to show where the attack comes from. what is important is that the essence of the information the hackers have brought to light. caroline: he went on to say that russia was the only country that expected donald trump to win the white house and accused hillary clinton being a bad loser. u.s. intelligence experts have said that russian hackers played an active role in meddling with the u.s. election. coming up, more of our best interviews of the year, including a one-on-one with marc benioff. he talks about his relationship with larry ellison. this is bloomberg. ♪
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caroline: salesforce is one of silicon valley's most inquisitive companies this year. brad stone sat down with the chief executive marc benioff and touched on many things including larry ellison to how he feels about missing out on linkedin. take a listen. >> ai is a huge movement in our industry and i think one of the things that has been great for salesforce is we have bought about a dozen ai companies of the last few years, and that has included spending about $600 million for them. we've been able to take those employees, stitch them together into an incredible team and we
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are delivering an amazing new platform based on that technology and including some of the best ai capabilities. brad: lots of companies are talking about it, different kinds of technology companies. how do you convince them to come to a crm company? >> we are not a crm company. we are the largest tech company and san francisco, and one of the fastest-growing software companies in the world, the fastest-growing of the top 10 software companies. but we are committed to something else. we are committed to improving the state of the world. we believe strongly this is a platform for change and they love our 1:1:1 model. which is that, we give them 1% of equity profit and time to give back, focusing on public schools, which is extremely critical in san francisco and oakland, as well as children's hospitals. that is important to them. they want to give back as well as build great products. a lot of companies have not made
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the shift yet. fortunately we have so we are more attractive to entrepreneurs. brad: you talk about that commitment. on the acquisition front, you made about $4 billion in acquisitions recently, why has salesforce been so inquisitive? how are you trying to efficiency coveney for the future? -- position the company for the future? >> we only buy a company when two things happening. it has to be a great company with great technology. two, the price has to be right. coming into this fiscal year, it was not part of our business plan to buy companies but a series of things happened that opened the door. the biggest thing that happened is we got a phone call, demandwear had a major offer from another company and were we going to be part of the process, and we said yes. this is an amazing product used
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by so many of our customers already. customers like louis vuitton and adidas. when they saw the ability for salesforce and demandwear to come together, and gave us the ability to sell online, you can go to the adidas website and see it in action. they will probably sell more than $1 billion this year on that platform. that is amazing. the technology is incredible and we knew it was a good fit. brad: i want to talk about one of the deals you did not do, linkedin. you guys looked at it. microsoft acquired the company. going back, would you do anything differently? >> yes, but it goes in the category of you cannot win them all. in our industry, that is especially true when you're going up against microsoft with all of the power and money and resources. you are at a disadvantage but we gave it our best shot and we wish them the best. brad: does it make microsoft a more formidable competitor?
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this morning there was some new cycle instead, they won an c. ount, i think it was hp in are they a serious threat to salesforce? >> i don't think so. salesforce remains. you can see our numbers, we are the fastest-growing software company in the top 10. the other thing that is exciting as we are number one in crm, and the vast majority of crm deals, we win most of them. that is the most important thing. brad: i want to bring up oracle. earlier in the summer, they -- >> i know them very well. brad: what does that deal do for oracle? are they a stronger competitor? >> i don't really think so. oracle is making a desperation move to boost their cloud revenue. now they will be able to boost cloud revenue and make the $10 billion goal. they may not be able to make it.
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brad: when you say things like a desperate move on live tv, do you get a call or text? >> i do, but my relationship with larry ellison is far more enduring. brad: he also does not pull his punches. >> he does not. i will tell you how i look at it. business is a lot like tennis. you get on the court with your friends, you play as hard as you can, you get really upset, you say crazy things, you go off the court and you have lunch and a glass of wine and remember how much you love them. i love larry ellison, he has been a great mentor and friend and there is probably nobody in the industry who has done more for me than larry ellison. i am very grateful to him. caroline: that was marc benioff speaking with brad stone earlier this year. brad joins me now to dig into
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that interview and salesforce more. that is the epitome of frenimies. brad: that was a fun interview to do because there was a huge crowd and he was hamming it up a little bit. his point is a very funny one. they take potshots at each other and then clearly a are playing tennis on the weekend. caroline: having a beer or two. i come over from germany where sap rules the roost, but they're desperately trying to get on board with a cloud offerings and have done very well. microsoft is in a very well. oracle has been slower. is the fight to own the cloud space, the competition is hard. brad: one of the challenges for salesforce is the legacy software providers have woken up to the crm. they are competing pretty hard. salesforce is on an $8 billion
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sales run rate, and that will slow down by definition. they are looking for areas of expansion and they have expanded the product portfolio with an aggressive acquisition strategy. $5 billion in 2016. that assures the company's they did not get. they have expanded into e-commerce, artificial intelligence, and basically trying to give their customers a more comprehensive suite of products. caroline: ai seems to be more of the turf war. there was a brilliant piece recently about the focus of -- on artificial intelligence. $200 billion is a big piece of the pie. does salesforce have to diversify its product rate? brad: i don't know that ai helps them. i feel like every year, around their dream force conference,
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they do something fashionable. this year is ai and last year it was the internet of things but now we don't hear anything about that. they launched a thing called einstein this year, obviously this will help the salesforce cloud get smarter, that is what they say. i think there is a little bit of marketing message there. we should revisit this conversation next year and look at, what is einstein, did it help salesforce? or was it a little bit of magic around their big conference? caroline: there is big focus. he just said on the call with investors, my dream is to double revenue in 3-4 years. clearly acquisitions are the way forward. he does feel like a company that is owning san francisco, but maybe in europe they did not think about it too much. brad: we might get the opening of the tallest building in san francisco in 2017, the salesforce tower.
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they were companies that looked at. obviously linkedin, microsoft acquired them. people criticized salesforce for even pondering twitter. but salesforce wants to get smarter about who is the customers are and who they are talking to. they're looking for a social asset and there is a gap right now in the portfolio. we are going to see salesforce double, maybe they need a social asset or more of a brand in the consumer world. caroline: meanwhile, the social players get more enterprise focused. you have facebook for work, you saw google make inroads when it comes to enterprise. it seems to be the focus. brad: there are always two different paths, you start as an enterprise company and going to consumer, or the consumer companies with enterprise aspirations. we will see if that is marketing or reality. caroline: what are those dream force events like?
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brad: if you are here for next year, it is crazy. the city becomes very hard to get around because they close the streets. but salesforce puts on a good show and concert and it strengthens the reputation of san francisco and the business community as a global business hub. caroline: at a time like this when it is festive, you have to take your hat off to someone like benioff. he is doing so much to try and help the homeless on the street, as well. it is an interesting company to delve into and i hope i'm still there for the big dream force spectacular in 2017. brad stone, it is great to have you here. you're sticking with me. in a week that included major shifts in uber's self driving car plans, tesla ceo elon musk plans to spotlight its plans. this is bloomberg. ♪
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caroline: and one final story we are watching as we head into the holiday weekend. haslett may be ready to unlock more self driving features in their newest cars by next week. in his typical fashion, elon musk tweeted on thursday night, "it looks like we might be ready to roll out most of the autopilot functionalities toward the end of next week." he is referring to the hardware he introduced in a surprise announcement in october. he said the newest vehicles would be equipped with full soft -- self driving capabilities. this week we reported that tesla had already collected 2.3 million miles of data. this gives it a crucial leg up on competition. shares closed this week about 5% higher. that does it for this edition of "bloomberg technology." this weekend if you have any time between festivities, we bring you some of our best interviews of the week, including conversations with
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twitch ceo emmett shear. now, you must go off and in don't. -- indulge.
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>> the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid advertisement for time life. >> who are you? >> what are all these people doing in my living room? >> he was america's clown prince. >> i never drink anymore or any less. if i knew you any better, i'd give you a real big kiss. >> i'm jordan. >> i'm alex. [laughter]

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