tv Bloomberg Technology Bloomberg October 19, 2017 5:00pm-6:00pm EDT
defending his administration's response to hurricane maria and puerto rico, which he says this is a perfect 10 meeting good he held a meeting in the oval office with the puerto rico governor. white house chief of staff john kelly is hitting back against critics who say he was insensitive to the family of an army sergeant killed in niger. the president expressed his condolences "in the best way he could." florida democratic congresswoman has claimed of trump told the sergeant's widow that he knew what he signed up for. secretary of state rex tillerson says he will remain until use "no longer needed." tells bloomberg he is motivated to serve the country and the president and president trump has called reports of the disagreement fake news. former president george w. bush addressed a foreign in new york city -- forum in new york city on freedom and free markets and said that bigotry and white supremacy in any form is blasphemy against the american
creed, and that bullying and prejudice in our public life set a national tone. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. i am alisa parenti. this is bloomberg, and "bloomberg technology" is next. ♪ emily: i am emily chang, and this is "bloomberg technology." gets $1 billion in its war chest and a funding round with alphabet leading the charge. whether google parent is riding shotgun in the start of race against uber. says that apple slashes orders for the iphone 8 by half. we put the strategy of logic 2
smartphones weeks apart under the microscope. and the company continues to face a series of political and public setbacks. how the ceo's multitasking skills are being tested. gets investment of $11 billion and it comes from its biggest rival. alphabet's g unit is leading the investment. google ventures made a big investment in uber years back. waymo is embroiled in a bitter lawsuit with uber. joining us is our guest was for the hour, bob mcdonnell, president of technalysis research. thateported months ago this was possible are now it is official. what does this mean? >> it is amazing, the about-face on alphabet. they invested in uber back in ck15 went uber was doing bla
cars. they were way ahead of things. the relationship has totally deteriorated. amazing. emily: they also have a stake in uber's success. if there were a massive exit from alphabet would benefit greatly. you can see both sides of it. clearly the industry is growing and why not have stakes in both? on the other hand, it is kind of a zero-sum game. there traditionally used the money to spend on subsidies against each other. it is like taking money out of your pocket and lighting in on fire because they keep using it to gain market share. emily: bob, is that fair? is. i'm not sure that it i may disagree with eric on this one. it is still not ubiquitous. many market grows when there are strong competitors. 2 strong companies helps raise all boats, i would argue.
certainly there is a lot of that that is going on. but i think the opportunity to drive more strength across and make it more completely ubiquitous -- remember, we were in the bubble here. outside the bubble, there are people who have not tried it yet. that is where the growth opportunities are. lyft takes some of that money and goes international, that's interesting question as well. emily: i interviewed to gm president earlier this week and a gm made a huge investment in lyft just a year ago. now they are partnering with uber. take a listen to what he had to say when i asked if you would ever consider buying lyft for deepening the partnership with lyft. >> a lot of options in terms of how we go to market. we can go to market for our own network capability, go to market for different partnerships. all options are open at this time. emily: so, eric, no loyalty. what do you read into that? eric: especially with self
driving cars, nobody knows who is going to win, nobody knows what strengths they are going to bring to the table exactly. everybody wants a bit of everything. alphabet is not putting all their chips in with lyft. they have thoroughly self driving car platform and are free to partner with other people. lyft partnered with ford and, obviously, gm. they have a lot of relationships of their own. there is a lot of crust and nominated -- a lot of cross pollinating. emily: what progress we have on lyft in the market? have they gained relative to uber as uber has been struggling? eric: they are definitely gained market share in the u.s. we don't have exact numbers. you sort of lie on third-party data collectors. they have gained. how much, we need to see. emily: bob, it is perfectly feasible that there could be 2 big players. --
bob: absolutely. eric is right on autonomous driving. it is really early days. nobody knows where this is going to go. having said that, the concern i have is the long-term play for both these guys is, you know what, eventually it will all be autonomous. if this takes longer than people think, and i think it will, and all of a sudden you have given people employment for seven, eight, 9, 10 years, it will be harder to start that back away. ironically, i think there will be big challenges down the road as people take the ultimate step in this business model. emily: what is the latest in the uber-waymo lawsuit? eric: set to go to court in december, continuing -- there was this huge bit of data from this report were basically uber identified information taken from waymo, and that happened
very late in the game to disclose to alphabet. they are seeing if that gives them new evidence for preparing for court in december. emily: eric newcomer, who covers uber and lyft for us, thank you. bob mcdonnell, you are staying with me. the unlimited data plans verizon once shunned are helping the phone giant buy time for its new move. the largest u.s. wireless providers saw a surge in subscribers for the second straight quarter. it gives verizon more breathing room to create new sources of revenue in media, advertising, or connected cars, as it struggles to maintain market share in a price war. relieved investors sent the chairs of the most since july. coming up, shares of apple drop on signs that iphone 8 demand are not as strong as expected. what is fueling the apple anxiety. "bloomberg technology" is like streaming on twitter.
the dow and s&p 500 extended record highs on thursday, but it was by the slimmest of margins as the session started in selloff mode. a constant drag on major averages was apple, down the most in two months. joining us to explain why, abigail doolittle. this has to do with the report of apple cutting orders to some suppliers. abigail: indeed it did, emily.
there was a report out in taiwan that apple had cut orders for the iphone 8 relative to its chip supplies could that sent shares of not just apple lower, but the supplies. it has to do with why u.s. major averages were sharply lower, especially earlier in the session, relative to those cuts. it sounds as though it is model-specific, because some of the reports that come out of the asian papers are not necessarily written in stone. i spoke to one analyst earlier would do he said he follow-up work to figure out whether this is true, but if it is, it is one of the production cuts that typically comes in november or december. this would be the first production cut in october since the iphone 5c. it could be a bearish signal, but it sounds like a model cut,
and even the iphone 6, because the pricing relative to the iphone 8 is better. everyone is waiting for iphone x, so we could have consumers holding off for that and going to the cheaper models. the iphone 8 seems like it is getting a bit squeezed. emily: abigail, there is little question that there's a lot of pressure on iphone x to perform well, but what are the risks? abigail: the biggest risk is what if it turns out to be a dud? everyone assumes it will be great and people will love it and will spend thousands of dollars, but if it is not as great as expected, it could cause the average selling prices to go down, too. apple has complete inelasticity relative to pricing -- they don't budge. but if the phone isn't selling, that could turn out to be a risk. another risk, china.
if we hop in the terminal and look at what is happening in the financials, on the left side we see the revenue segments -- americas, asia pacific, europe, and so forth. let's hone in on china. we see that between 2013 revenue growth out of china was very, very big, but more recently over the last few quarters, it has been declining, and right now the reports are that the demand out of china is really pretty weak. that could be a worry. however, in china, the iphone is a status symbol, so most consumers are probably waiting .or the iphone x nonetheless, this could be a point of worry. the stock, apple, still up more than 30%. however, in an odd way, that in itself could be a bit of a risk. it tells us that analysts and strategists have high expectations for the iphone x, as to whether or not it will be super psycho everyone
will be looking for. time will tell, but today was a bit of a rocky day for apple and the apples of players. emily: bloombergs abigail doolittle, thanks for weighing in. for more context on apple and supply chains, still with us, bob mcdonnell, president of technalysis research, and our guest for the hour. this is a report that came out of the taiwanese "economic daily news." how reliable is a report like this? bob: coming out of taiwan, rumors abound. having looked at that market for years and years and years, things pop up. generally speaking, you get a good sense of some of the things that happened in the supply chain through taiwan. emily: is it conceivable to you that they could have cut orders by more than 50%? bob: the absolute 50% number doesn't strike me as kind of high. did they cut orders by a good amount?
my guess is it could be true. if you recall, at the apple event -- this is something we talked about -- i had concern about the fact that you had a phone that a lot of people felt, the iphone 8, was very similar to the seven and six, and the x was more interesting, more exciting, yet was going to be delayed. i recall them about this for "usa today" saying, hey, is the iphone 8 going to suffer? it looks like that is executive what is playing out. emily: abigail used to work that i've never heard associated with the iphone, that it could be a dud. bob: i will disagree with abigail on that one. sure it will do great. the question is supply. in november.out if there are supply-chain hiccups, all the people hoping for the iphone x under the christmas tree may not get it.
that changes the dynamic. we could ironically see with the 7 that even6 and though apple introduced high-priced phones, the asp goes down. that seems counterintuitive, but if you do some math, the iphone 8 is in selling and not enough can get the x, that is what could happen, it is not inconceivable. emily: have you heard about supply-chain issues around the iphone x? there is concern that there will not be enough to meet demand. there won't be. i'm sure demand will completely outstrip the supply, and again, that is my concern as well. there are a lot of people who will not make it for holiday purchases. q4 numbersmpact for sure. and the whole question of the super cycle gets delayed into 2018 if not later. emily: and then does this all
smooth out the middle of next year? bob: i think it does. it is apple, it is the iphone. it is still an iconic thing. people will buy it. it will do well, no question, but it gets delayed. the one question is china. -- you havetronger these brands that are getting much stronger in china, and the differentiation between apple and all these other guys is getting smaller and smaller and smaller. let's not forget samsung. they are doing very well % right now. emily: bob o'donnell, founder of technalysis, you are sticking with me. coming up, strong showing in its public debut. how the ceo plans to stave off amazon and oracle, next. if you like bloomberg news, check us out on the radio. this in on the bloomberg radio app, bloomberg.com, and on the radio on sirius xm. this is bloomberg. ♪
emily: paypal posted strong earnings for the third quarter, driven by a surgeon payments volume and growth on its mobile platform. shares are up nearly 5% in late daytrading could it top forecasted revenue -- it topped forecast revenue. shares of paypal have already soared more than 70% this year. mongodb has markets trading debut. the database software maker rose in early trading after pricing above the marketed range. the ipo comes in what could be the biggest month of the year for u.s. listings. after a slow summer, he joins 20 companies that are priced or are
scheduled to price in october. alex barinka caught up with mongodb president and ceo dev ittycheria and started by asking how the company will use the new capital. it is all working capital. we have no plans to make acquisitions today. we are going after a large market, one of the largest in enterprise software. we are using the proceeds to invest in products and continue to innovate and produce new products as well as expand our existing portfolio of products, as well as invest and go to market in as many parts of the world that we don't have salespeople and. even in the u.s. can we don't have salespeople in every nfl city. we are looking to expand our reach and reach more customers more efficiently. alex: who are you targeting as you go for scale? you say you are pushing out geographically. are specific developers, i.t. partners? who are you looking to build a relationship with? dev: we have 4300 customers
today across every vertical industry. we have some of the largest customers in the world using mongodb for example, over 50% of the top 100 companies in the world our customers with us today. some of the most sophisticated customers are using mongodb to run their business. we are really a general-purpose database and are designed truly to address a wide variety of use cases, across almost every industry. there is no revenue concentration. we feel like what it really shows is that we are well-positioned for a larger opportunity. alex: when you talk about larger opportunities, what does that mean? if your customers? bet -- bigger customers? break that down for me. dev: applications grow as the data volume grows. we are a land-expand business. we see customers wrote by a factor of 10 and 20 times the initial spend.
as you penetrate the account and are able to support new applications and use cases. and migrations of existing use cases where they find the existing architecture does not scale and it is hard to add new -- hard, part hard to give to new regulations and policies. with that, these accounts are growing very quickly, and we are adding lots of new accounts as well. that is why we feel very bullish about our future. alex: when i do think about the industry, though, the competition, names like oracle come to mind. amazon and google or cross-selling their database products on the cloud, a semi-recent development. how do you jockey against these names in check when it comes to selling into customers? dev: yes, good question. we have been competing with the biggest names in tech since the company was founded. oracle has built its database
technology on architecture that was introduced over 40 years ago. using, 40 years ago i was a rotary phone to make phone calls. now i have a computer in my pocket. the technology landscape has changed radically, but there architectures based on a database from the 1970's. with amazon and google come we are actually partners with them. one advantage we have is that you can run mongodb anywhere. you can run it on your laptop, the data center, the private or public clouds. alex: i have to ask, talking to my sources on the street, i kind of wonder, what is the value of mongodb in staying a standalone company? what if one of the bigger players does come in and scoop you up? are you a better product within a larger suite? what is the argument for mongodb
to be a standalone and not an ideal acquisition target? dev: we have built this company for the last 10 years and we have acquired over 4000 customers, we have proven weekend serve the needs of the -- we can serve the needs of the most of many customers, not just in north america, but in europe and asia. we feel very comfortable about being a standalone entity. now with the proceeds from the ipo, we have a strong balance sheet to continue to invest in business. i think that investors have recognized that, and obviously, rewarded us for it. i also should point out it is not about how the stock is doing today, it is about the long-term. we believe the best is yet to come. emily: that was mongodb president and ceo dev ittycheria . coming up and we take a look at lyft. thega funding round through lens of an investor. ♪
defended president trump against criticism that he was insensitive and disrespectful to the family of an army sergeant killed in niger. i was stunned when i came to work wednesday morning, brokenhearted, at what i saw a member of congress doing, a member of congress listened in on a phone call from the president of the united states to a young wife. democraticda's congresswoman said that president trump told the widow, -- he knew what he was in for when he signed up, but it still hurts."although george w. bush did not mention president trump by name, he criticized some of the principles that define his brand. we have forgotten the dynamism that immigration is always brought to america. we see fading confidence in the
value of free markets and international trade, forgetting that conflict can instability, and poverty follow in the wake of protectionism. mark: u.n. ambassador rice nikki haley described russian interference in the 2016 election as an act of war, criticizing russia's efforts to "sow chaos" in recent elections. federal investigators are looking into russia's actions and the possibility of collusion with the trunk and 10. u.n. says secretary-general antonio guterres will meet with president come tomorrow. one issue on the agenda, u.n. reform, which president trump has raised. i'm joined by my colleague paul and linda with a look at the markets. good morning. -- paul allen with a look at the markets. paul: fairly flat from u.s. equities. hour,s open for half an up about 1% from and the new zealand dollar slipping by one
cent on the formation of a new government in new zealand, and 89 years of conservative rule. -- ending nine years of conservative rule. nikkei futures a little bit lower could the victory likely to be more clear-cut for an, prime minister shinzo abe. a couple of the big banks in focus -- national australia and commonwealth bank. commonwealth likely to face questions over allegations of money-laundering. i am paul allen in sydney. more from "bloomberg technology ," next. this is "bloomberg technology." i am emily chang. act to our top story of the day, lyft's blockbuster funding round. the ride hailing company pulling
in money led by alphabet capital g.arm it is a shot across the bow against uber, lyft's biggest rival. ,oining us is gabe klein commissioner of transportation in the sea -- d.c. gabe, you are a lyft investor. what does this mean from an investor's perspective? gabe: it is a wonderful day, and it is total validation. when you have a mission-driven approach, you are ethical, you work with cities, this is what happens. i remember being on here a couple years ago when uber announced they were building their own self driving cars, and it was this bombshell -- you are asking me, what do you think? butt not the end for lyft,
something insurmountable? i think they should focus. on customerusing service, quality relationship with their drivers, and growing the u.s. market. they've done a fantastic job. they have executed, fired on all cylinders, and this is the reward. they cover 95% of the country. , the: that said, lyft valuation is 1/7 of what uber's is. we are still looking for concrete data on how much lyft has advanced in this period when uber has struggled. do you have information on that? gabe: 500 million rights, almost double their footprint just this past year. my prediction is they will be the first transportation network, and, ride hailing company, to be profitable. while scale is important, and everybody in silicon valley price themselves on growing fast
in scale, but the quality of the service and the execution and the company make a difference. this is a long game, not the short game. when somebody like capital g puts $1 billion into this, they understand it is a big market, lots of players with autonomous vehicles coming, and this is a long again, not a short bet. bob: bob o'donnell here. with that billion dollars, do you think it is better spent in the u.s., or do they think internationally? don't want to speak for logan and john, who are experts in what they do and are doing a phenomenal job. there was a lot of growth to be done in existing cities, and you have canada next-door, mexico city. you can stay on the continent and really spread your wings, but i think what uber has learned from the experience in china, it did not end well for them overall. they had to pull out. they had to do a deal.
i think sometimes taking it slow and letting the market you are following instead of leading informed markets to be smart or having partnerships. emily: at the same time, we have seen alphabet, i guess you could say, stab uber in the back in doing this. we are also seeing gm, which was a big investor in lyft, do the same thing. their division is in talks with uber to provide self-driving cars. i asked the president of gm this week if he would consider deepening the partnership with lyft. he was very vague and said all options are on the table. what do you make of that? another lyft investors also playing all sides of the table. gabe: when i was on a couple years ago and you asked me about uber creating their own self-driving car, i was thinking, why would you do that when you can be agnostic? your expertise is in providing an service in cities and someone
else's expertise is engineering cars. that is what lyft has done. they have partnered with anybody and everybody in providing a great quality product. you will see a lot of these enemy-type situations. just because google put in a billion around today does not mean they will not do business with chrysler, fiat, a whole .ost of other companies i think this is healthy. i think we want to create as inh competition as possible these markets. that is what is happening. bob: but on the anonymous car side, i guess one of the questions is how far do these platforms need to go on their own? do they really need to have some of their own technology, or can they completely rely on partners? it seems to me that depending on how the network and services are built, some of that ip is going to have to come from the lyfts
of the world. gabe: sure, i wouldn't be surprised if google had some of their own vehicles, built with oem partners, but one of the things that i think went wrong with the lyft-gm partnership -- not that anything went wrong per se, but i don't know if gm could keep up with the supply needed of the vehicles. published5% of the really using these services -- of the population really using these services actively. it is going to grow and grow and grow. i think part of lyft's strategy is it is not that we have to have one partner or another, it is that we will have many parties because the business will grow dramatically over the next decade. emily: an early uber investor told me that he thinks ridesharing is a zero-sum game. bob earlier was saying this is not a zero-sum game. i suppose you might espouse the same logic.
how do you see lyft coming back? do you see a market where it is 50-50? do you see a market where it could subsume all the traffic? gabe: it will get a lot more interesting. bob is right, by the way. this is not a winner takes all game. cities are complicated. i have worked in cities, i've been on the private side with cities. it is going to evolve. different cities are going to want to have different arrangements in terms of concessions for the autonomous vehicle service versus a completely free market. some may run their own services. you have new services coming up. by carere -- i started services in a d.c. and chicago. these systems are coming along, and to be honest, some of the troops people are taking in uber and lyft can be taken on an electric bike for bike share bike. it will be more interesting.
the single occupancy vehicle still owns the market. all of these guys can do extremely well --lyft, uber, spin, on and on. i'm extremely bullish on the whole segment, mobility as a service, versus people buying their own cars. that is the future. emily: gabe klein, special venture partner at fontinalis, thank you as a was for joining us. ,ob o'donnell of technalysis you are sticking with us. amazon will close the bidding process for the second headquarters on thursday. the e-commerce giant plans to invest more than $5 billion and higher 50,000 people at its second headquarters. over 500 cities have its best interest at a run for the postage -- have expressed interest in a run for their prestige. the company will announce in 2018. it has been years since he got the top spot at google. how he feels about the role and what is to come for the tech giant. this is bloomberg. ♪
emily: u.s. businesses and the tech sector especially continue to invest in wind and solar energy. amazon ceo jeff bezos christened the 263-megawatt wind farm in texas. the company has bought more than 1.22 gigawatts of output today, second only to google. the corporations agreed to buy over two gigawatts of clean power this year and is on track signeds 2.6 gigawatts last year. big companies have been taking the heat on a number of issues of the last year. take google, for example. ceo sundar pichai has had to deal with staff protests over
the presidents immigration policy, a record regulatory fine from the eu, and debates about gender equality, just to name a few. sat down with us for an exclusive interview with "bloomberg businessweek." still with us, bob o'donnell, technalysis research president and our guest for the hour. the headline was something along the lines of "everyone is mad at google and sundar pichai has to fix it." how is he managing the issues? >> he still considers and saw products-first person and that is the big push at google. he didn't expect trump, necessarily, a lot of the immigration issues. combination -- he delegated you to to the top is -- youtube to the top businesspeople.
has -- his tactic has been deliberate. likes to build consensus and get people in the room. a lot of these issues, he has gone and sought counsel with his management. emily: as you mentioned, google, one of the top lawyers will be testifying before congress on the issue of russian meddling. there are also concerns about fake news. what does he have to say about google's responsibility. mark: he says we make mistakes, and when we make mistakes it is very public. fake news is an interesting issue for them. he says that google was founded as a search quality company. see theyake -- they can use as a search problem, similar to how they addressed spam for the past 20 years, which is an interesting framing. they see it almost as like we addressed spam bots and we're
still battling them so we think about this with fake news, too. the fascinating thing about google is they are the classic silicon valley engineering-driven company. all of the negativity associated with that is hitting them, fairly or unfairly. but it does raise the question of how do they move forward. i feel like it is so much -- so little, i should say, real thinking about human issues. how do these things impact people? and things about privacy and tracking and all that kind of stuff. it feels like they really me to drive more of that. do you get a sense they are try to address those issues? dar wouldn'tk sun call himself an engineer, he calls himself a product person. you can debate that. earlier this month with their hardware, one of the interesting components was one of the new camera that they have
been working on internally for a long time, something similar to google glass that you wear on createdd, intentionally it to be privacy-first, and yet when it came out people were immediately, well, here is another way for google to spy on you. bob: it is a fascinating thing, but we were chatting before hand this elon musk and, oh, was that inherently because of the ai thing, and i feel like it is a lot for him to say. that he callsrs autopilot and that is a lot more dangerous than the ai and google. mark: and the story about echo and google home, that google a -- secondafter amazon with the speaker after amazon and a lot of people in the valley criticize them for being slow. morer is by nature deliberate and maybe more conservative than the other ceos. google has a high bar for voice technology, and he felt it did
not meet their bar yet, and that is why they were second to market. emily: last question, james damore, the engineer who was fired for the memo he said that argued that men and women have biological differences when it comes to engineering and leadership positions, "the new york times," david brooks at a column that said sundar pichai should be fired for firing james damore. what did he have to say? mark: he said that fundamental values that the committee cherishes come into conflict. that he took issue with john hennessy, who has dealt with similar issues around stanford. andar told us this was decision he made for the company and he was aware there would be consequences outside the company --
emily: was it his decision, or larry page -- mark: it was his decision. emily: thank you so much. bob, you are sticking with me. that story in the latest issue of "bloomberg businessweek," on newsstands, online, and in the app store. you can hear more from their reporters and editors every saturday and sunday on bloomberg television and radio. working to address harassment on the platform, what but is it too little, too late? this is bloomberg. ♪
twitter says it is introducing new policies to combat harassment and unwanted sexual advances. the social media giant says it will immediately and permanently suspend any account that harasses someone or posts new images without the consent of the subject. this comes after a decision by twitter to disable the account of actress rose mcgowan, who
used the platform to name harassers in the entertainment industry. with us is our guest host for the hour, bob o'donnell of technalysis. it is unclear what the policies actually are. >> twitter has been very vague in the past, and one of the main things jack dorsey wants to fix ath the new rules is to have little more standardization in terms of how they approach these situations. rose mcgowan, when she was suspended, it was for posting an e-mail that had a phone number in it. other people have been not suspended for things that are much worse. that is the question, how are they going to apply these policies in a way that is equitable? emily: jack dorsey said over the last few days that they will be more transparent. do we have that transparency at? do we know what they are doing, do we know how they are thinking about this? sarah: we know they are going to
get a lot harder on sexual harassment, especially sending the nude images, as you said. what we don't know is how these policies will evolve. jack talked about the fact that they have this trust and safety council they have been working with since the last year that they work with on the particulars of the changes they are trying to make, and they are still in draft stages. we don't have clarity on what the final rules will be. emily:, is it too little too late? bob: look, there are so many challenges with the social media platforms, and the fact that we are still in a world with anonymous accounts, it is going to always be an issue. the matter what you do -- no matter what you do, it is going to be very difficult to overcome these kinds of things. there needs to be a recognition that these tools can be used for bad purposes, which i think they finally realize, but really got caught off guard by, and they need to be very proactive about
doing that. they also need to think about the fact that there is no way they will ever be a neutral platform. accept that fact and buildings around that. look, this is not always going to be neutral. we have to take sides. that is just the way it is. people don't like it, they can be. emily: are they really going to do that? sarah: free speech is one of the core values. the problem is when other people feel like they are being silenced by harasses, not everyone is speaking freely. the problem for twitter that people are not talking about is how do you really implement this well internationally? most of their users are outside the u.s., and it is not clear to me that they have a very good understanding of the cultural nuances of harassment in different places. this is a very difficult issue, and at this time, they have to have humans trained to prevent these things from getting worse. but the training is very hard,
and they have been working on it for years. but even though they said that they prioritized it, last year around this time they started doing that, things have seemingly gotten -- become more of a handful than they were. emily: it is important to point out -- we have seen the "me too" campaign with women revealing they have been sexually harassed take off on facebook and twitter. it is an interesting example of how these platforms can be used for good as easily as they can be used for bad. wonder how the company can balance all of this, given that it is all traffic. bob: well, it is all traffic, and there could -- there can be good, there is going to be bad. still feelsis like they don't really know how to deal with the bad. we never want to say that they should limit free speech, but at the same time, there have to be
rules. just because you say certain things are not allowed doesn't mean you are anti-free speech. there are still rules and regulations you have to figure out that are common sense. this is aiously, continuing story, and sarah will continue to follow the story. ,ob o'donnell of technalysis thanks for joining us on the show. sarah frier as always, thank you as well. full disclosure, bloomberg lp is developing a global news network for twitter. a reminder, we are live-streaming on twitter. that is all for now. this is bloomberg. ♪ who knew that phones would start doing everything?
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♪ announcer: from our studios in new york city, this is "charlie rose." >> in a first for africa, september 1, can you supreme court annulled the presidential election. wascourt ruled the election written with fraud and illegalities. a new election has been scheduled for october 26. earlier today, a senior member of kenya's electoral commission fled to