how it can coexist with facebook and other sources of information. this forum hosted by the "washington post" also included discussions on the role of nonprofit and investigative journalism. >> good morning. i'm sarah ellison. i'm in the reporter for the "washington post" and i'm delighted to introduce my guest anne kornblut. she is the director of new initiatives on the new partnership team at facebook. she is also a pulitzer prize-winning journalist who spent nearly two decades in the news business including at the "washington post" before joining facebook, so we're sort of happy to bring her back home a little bit. she is now leading a new and you did at the company integrating $300 million over the next three years to news programs and content. some of it is going towards local news. first i just have to ask you about the previous panel. i wanted to get your response to the notion of allowing a kind of antitrust loophole to allow news publishers to band together. >> thank you. first, what to say thank you. i know i'm here as a facebook person, but i really, i feel still

chang in sanily francisco and this is "bloomberg technology." facebook earnings out. legal costs are soaring. the social network says it is setting aside $3 billion in preparation for a massive settlement with the u.s. federal trade commission. tesla first quarter results delayed. they are supposed to be out now, but we are waiting. elon musk has not tweeted in the last three hours. the u.k. is getting tough on after a -- huawei six-month investigation. to our top story, facebook reported results on time, with user and revenue growth holding inady, beating or falling line with expectations, but legal bills might be taking a big bite out of the bottom line. it says it is setting aside $3 billion in the midst of an ongoing privacy investigation by the u.s. federal trade commission, which has not yet been resolved. joining us now is david kirkpatrick in new york and we have deborah in seattle. give us your take on the headline numbers, legal bills aside. >> yes, you are right. hard to put those aside necessarily because the idea of a potential settlement is so massive. beat and then

once again facebook is under fire this time on the other side of the globe as a social media giant role in the indian election is now coming under scrutiny conservative t.v. and radio commentator steve molesworth and archie producer of bridgeable or dive into the details and tell us what this means for the world's largest democracy all that straight ahead but first let's do some headlines. let's start here a demean outlook for a fracturing world market in twenty one thousand so the world trade organization significantly downgrades their regular forecast on growth in global trade the latest trade in statistics outlook at lowers their expectations for global trade growth this year predicting two point six percent growth for twenty nineteen that's down from the previous forecast of three point seven. in a statement w t o director general referred to us of a toe he cited familiar international trade tensions for the revision by the same token the w t o set of problems resolution of those fights could remove that downgrade pressure on trade growth the deputy also had some retrospective

enormous platform like facebook without this large scale data collection a social network that one spy on you or is collecting and monitoring inherent to the business model of today's internet products. well i don't know if it's either one and i don't think there should be a platform like facebook the only thing about facebook that is specially useful is that you can get in touch with lots of people. who have offered to be contacted perhaps the government should run a platform you can do that with just so everyone can be on it but once you contact the person you shouldn't be pushed to communicate through that same platform no quite the contrary that should only be for how to get in touch with someone and then you will talk with each other through any system of communication you choose so you see the business model of facebook is to pressure people to continue communicating through facebook and giving facebook personal information this is what makes facebook a surveillance monster show facebook does not have users facebook has used people that facebook uses i'm not one of them i hav

, thanks for setting us up we'll see you this afternoon let's move on the facebook stock is on a tear again up more than 6 puerto rico close to the highs for the year getting an upgrade by guggenheim. zuckerberg sat down with "good morning america" to talk about the pressure they are under. >> you can say that cut any regulation around what someone says online is protected but that's clearly not right today the current laws around what is political advertising don't consider discussing issues to be political. it's not clear to me that we want a private company to be making that kind of a fundamental decision about what is political speech and how should that be regulated seems like there should be a more democratic process. >> so you've done such work helping us understand where we are in the life span of social media. where are we right now with this new chapter? >> you know, i generally agree with zuckerberg there. we do need some new way of thinking about these problems that go beyond these private companies and he's calling for, you know, laws, legislation in the united states, el

, facebook earnings out, legal earnings sorry, the social network saying it is setting aside $3 billion in preparation for a massive settlement with the u.s. federal trade commission. plus, tesla first-quarter results delayed. they are supposed to be out, but we are still waiting. all we know is that elon musk has not tweeted in the last three hours. ei with a six-month investigation of the british supply train, but first, our top story as we wait for reports. revenue growth holding steady, beating or falling in line with expectations at facebook, but it's legal bills might be taking a bite out of the bottom line. facebook is setting aside $3 billion for an investigation by the federal trade commission, which has not yet been resolved. joining us is david kirkpatrick in new york, and we have got deborah in seattle. first of all, give us your take on the headline numbers, legal bills aside. >> yes, you are right. it is hard to put those aside necessarily because the idea of a potential settlement is so massive. , ander, the revenue beat the user numbers were not a surprise to us.

beginning of google and less than a decade later facebook they would make a new promise to humanity what i think so interesting about google and facebook is they were founded at american universities stanford university you had two students larry page and sergey brin decide they wanted to create the ultimate search engine . for the internet across the country you had in the case of facebook mark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i didn't just college students write an average building stuff because we thought it was cool it was all about the promise it was all about the shiny future was all about the free flow of information but there was also a certain idealism behind it i think that a company like google we have the potential to make very big differences made big positive differences in the world and i think we also have an obligation as a consequence of that facebook an

partnership team on facebook. she is also a pulitzer prize-winning journalist who spent two decades in the news business including at the washington post before joining facebook, so we're has been to bring her back home. she is now leading a new initiative at the company aimed at granting $300 million to news programs and content, and some of that is going towards local news. first i have to ask you about the previous panel i wanted to get your response to congressmen dave cicilline notion of looking an anti-trust loophole to allow news publishers to ban together. anne: thank you, i know i'm here as the facebook person but i feel like a washington post person so thanks for letting me come back. yeah, it was really interesting to hear them, both of them, talk about their ideas. i hadn't heard them do it live for such an extended period of time before. you know, i think the most former important thing to know is we share their goal, which is to have a viable new ecosystem where publishers, big, small, local, can survive. and not be beholden to traffic from a particular platform or another. i

did, buying facebook ads to sow dissent and do it, it is terrible thing but investigations and all the speculation that happened for the last few years had much harsher impact on democracy than a couple facebook ads. they spent 160,000. i spent $160,000 on facebook every three hours in the facebook on the campaign. what they accomplished ensuing investigations are way more

our top interviews in tech. coming up, earnings are in all swing with result from facebook, amazon, tesla, and more. we will bring you all of the highlights. plus, samsung has delayed the launch of its first foldable smartphone after consumers report defects. just how big of a setback is it? and our exclusive conversation with a grab cofounders, can they live up the expectation of being the super app of asia? first, to our top story, some of the biggest tech companies in the world are out with their earnings this week, including facebook. they struggle to maintain their growth of its scandals, controversy, and the threat of regulation. joining us now is david kirkpatrick in new york. and we have deborah with us as well. give us your take on the headline numbers, legal bills aside. >> you are right. it is hard to put those aside. necessarily because the idea of a potential settlement is so massive. however, the revenue beat and the user numbers were not a surprise to us. facebook has shown over the past year, and it has been a year since the first news of a which can limit came out,

" recently hosted a forum on the importance and future of local news. in this portion, a facebook executive discusses her company's work with local news outlets. >> good morning. i'm sarah ellison. i'm delighted to introduce my guest ann kornblut. she is a pulitzer prize winning journalist who spent nearly two decades in the news business including at the "washington post." she is now leading a new initiative at the company aimed at granting $300 million over the next two years to news programs and content. i have to ask you about the previous panel. i wanted to get your response to the congressman's notion of allowing a kind of anti-trust loophole to allow news publishers to ban together. >> thank you. first i want to say thank you. i know i'm here as the facebook person but i feel still like a "washington post" person. so thanks for letting me come back. it was really interesting to hear both of them talk about their idea. i hadn't heard them do it live for such an extended period of time before. the most important thing to know is that we share their goal, which is to have a vi

>>> it is 8:00 a.m. at facebook headquarters and 11:00 here on wall street and "squawk alley" is live. ♪ >>> good thursday morning and welcome to "squawk alley." carl is on assignment. jon has the morning off and we'll start with facebook which is up big after posting record numbers on the top and bottom lines. julia boorstin is in los angeles with more on the quarter >> facebook shares big move higher today reflects that the company is starting to put its privacy crisis behind it and signs showing that that privacy crisis won't hurt its financial potential. the settlement seen as a valuable stop toward resolving a massive overhang and zuckerberg stressing that he is focused on reining in costs >> i care a lot about making the right investments in safety and innovation long term of course i get that in running a company, you don't want costs growing at a much faster rates than your revenue for a long period of time and that is why i called it out last time because i care about making sure that we get that back more in line >> zuckerberg saying they now focused on building a pri

safe. she had been speaking with facebook. she was optimistic that they had hired smart people and were serious about getting some of the abuses that were taking place on their platform under control. and i said to her, after all of that, after all of the abuses, after everything, after the mobilization of the duterte thug, the prop gan da that happened on facebook was she sure that she was optimistic about the future? >> yes, she was. >> and samir patil, in india, a five-year publication modeled on the atlantic and somewhat predictably he has fallen afoul of the government and people who are affiliated with the government, and samir is optimistic, too. as a wave of media layoffs and we will talk about them was announced in the u.s. recently, samir texted me, and he said, all this investment has helped everyone climb a learning curve. so while no individual company has made everything work, the components are clear. what is also clear is that quality is the only defensible editorial strategy. which means many things based on context. but original journalism is certainly a key eleme

could be weeks before a final trade agreement is made. facebook ceo mark zuckerberg released his outline for regulating the web, but some in washington are not convinced. we will speak with fcc commissioner brendan car. blue apron saw massive gains this week but it forl is a cautionary tale tech ipos, losing 90% of its value before going public. it is a busy week for trade talks in washington and yet still no trade deal to speak of. president trump meeting with china's vice premier on thursday. pres. trump: we've never done a deal like this with china. it's a very unique set of circumstances. but it is a massive deal. it could be one of the -- i guess it is, if you think about it, the biggest deal ever made. this is the granddaddy of them all. caroline: a granddaddy deal. the president added that it could be announced within four weeks. pres. trump: i don't want to predict a deal or not a deal. very successfully for our country. to discuss in washington is bloomberg's sarah mcgregor. let's start with you, sarah. weeks, maybe six, but overall, the stumbling blocks seemed to be the

pushing up prices of inputs. and op ed by facebook founder mark site. burden is raising eyebrows the social media giants founder claims that there needs to be more control over social networks from governments around the world like a bird called for four different policy areas that governments should focus on harmful content election integrity privacy and data portability was october and did not call for predictably breaking up giant tech companies and that might make since joining me now to discuss facebook's future its role in the indian elections conservative commentator steve malzberg and our t.v. producer brant aboard guys thanks for being here. so steve i'll start with you you know zuckerberg sounds pretty self-serving i got to tell you he's calling for greater regulation because it sounds like what he's really saying is this it's easier to regulate one giant company like facebook than to control lots of smaller companies and that kind of sounds like the poster child for cronyism does it not. yet it kind of does and i'm not surprised you key phrase there was self-serving in so

obvious are the tech industry in front of our faces, amazon, facebook, google and so forth. but if you look a little more carefully, the industry like the airline industry, cable television, or other industries like fertilizer, or more global industries are dominated by monopolist or an oligopoly of three or four or sometimes five. we are in a period of concentration which is unprecedented of the last gilded age. that is one of the motivations for me in writing the book. to explore the fact that we are back from where we came. >> in your book you write that we are four decades into major political and economic experiment. what you mean by that? >> in the first gilded age as a reaction to the first gilded age i should say, driven by men like theodore roosevelt, woodrow wilson, in the united states adopt the policy of breaking the largest policies in the antitrust movement. in over a period of decades we took aim at almost every company. and through most of the 20th century the united states had an aggressive antitrust campaign. there were periods of absence but generally speaking the id

the links between the u.s. government and facebook as the social media giant introduces its new general counsel who is a legal adviser at the u.s. state department. for the monthly average of cults and kills if they have a good reason to kill. plus a famous bodyguard from germany it reveals how berlin has become an epicenter for criminal ethnic clans and why it's so difficult to deal with the issue. you're watching r t international bringing you in your live news update from our studio here in moscow where it's just turned three pm welcome to the program. we have breaking news this hour as anticipation is growing over the upcoming meeting between a lot of air putin and kim jong un and according to an r.t. source it will take place in the city of logical stalk and russia's far east this thursday moscow and pyongyang have been keeping the details of the first ever meeting between the russian and north korean leader secret. talk following the preparations. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the who

us government and facebook the social media giant introduces its new general counsel a legal advisor to the u.s. state department. has a use and if they haven't. killed if they have that they're ready to shoot and kill the high profile german bodyguard reveals why it's so difficult to deal with the clans making a hotbed of ethnic pride. company the same think this is r.t. international. disobey sion is growing over the upcoming talks between putin and kim jong il and the kremlin has confirmed that they will take place in the city of light of our stock in russia's far east this. moscow and killing yang have been keeping the details of the first ever meeting between the russian a north korean lead to secret. is in flood of a stock following preparations. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the whole city of vladivostok is covered in fog which is i guess a perfect display a perfect reflection of all the secrecy surrounding the summit of vladimir putin and cam john until pretty much the very last day neit

this is the business briefing. i'm sally bundock. ‘liked' by wall street again, facebook shrugs off privacy concerns as earnings surge despite a multi—billion dollar hit from us regulators. plus, fears grow for sri lanka's tourism industry — vital to its fragile economy — we hear from one of the country's top hotel bosses. and on the markets, asian markets slip on concerns about a slowing global economy. wall street drifts lower at the close, but still around record highs on strong corporate earnings. we will also be live to tokyo in a moment to hear about ghosn. we start with facebook. it's continuing to grow — to make more money — and to attract more users despite ongoing concerns about privacy on its platforms. facebook says revenues were just over $15 billion in the three months to march, that's a jump of 26% on this time last year and better than wall street was expecting. it's benefiting from a surge in advertising spending on the platform, and a growth in instagram. but it's warning it could face a hit of up to $5 billion as it settles us investigations into its han

part of thesis p or where about to get facebook, amazon -- is tech the right time to have an leadership? gina: i think romaine brought up the semiconductors as a leading indicator for stocks. when semiconductors are rising, the stock market is doing well along with transports. that is the key. i think it is a very solid sign that texas instruments comes out and talks about -- talks down expectations of recovery into the latter half. can -- and the rise.is continuing to if you look within tech, clearly tech valuations are some of the most extreme across the s&p 500. if you look within tech, valuations are still the most discounted group within tech. room for valuation expansion on this group relative to the rest of the counterparts in that index. if they continue to lead, your outcomes are probably good for the market. taylor: we have the tech, s&p 500 tech index running up to another record. the p/e ratio on this tech stock above the five-year average. caroline: microsoft has broken. looks as though we have $1.14. camene: looks like revenue above estimates. coming in at 30.6 billion. th

thing at facebook and google, or for a company that maybe doesn't have a lot of leverage, what do you make of a big name brand investor backing out? jake: i am not sure we can make a lot out of it. he has been in four years. made a lot of money on it. not so surprising. i guess the bigger question is what about the other large holders, folks like google, fidelity, gm. rakuten. my guess is that they are more long-term holders. it would be more scary for me if we saw those types leave. emily: lyft investors are backing them up. i sat down with ben horowitz. he is on the board. of course he is biased, but he had this to say about what lyft has managed to pull off. take a listen. >> all of these founders in silicon valley go, oh, nobody believes in it. when logan said, they are telling the truth. literally, everybody had written them off. for them to come back and go from, when i stepped onto the board, we were at about 16% share in the u.s., we are at about 39% today. that's an amazing, really thrilling thing. emily: mandeep, going from 16% to 39% market share in the united states in

governments operate in the shadows and then lie to those who elect them thanks to facebook you can finally figure out which sex and the city character you are i've attempted u.s. military. because i'm an actual james bond supervillain and i'm one step away from destroying the god. because reality is entirely less funny what a scientist faced a tidal wave of smear really ugly stuff a little over a decade ago the us military declared war on wiki leaks drop a plan which was radically neat a plan to discredit it and terrorize whistleblowers and it looks like they're winning. wiki leaks uses trust as a center of gravity by showing insiders leakers and whistleblowers who pass information to wiki leaks personnel or who post information to the website that they will remain anonymous the identification exposure terminations of employment criminal prosecution legal action against current or former insider is leakers or whistleblowers could potentially damage or destroy this center of gravity and deter others from considering similar actions from using the wiki leaks website back then at the turn of

party investigates the links between the u.s. government and facebook is the social media giant introduces its new general council which includes a legal advisor at the u.s. state department also to come up. with ready to cut and kill if they haven't gone the route to shoot and kill a famous bodyguard from germany reveals how berlin has become an epi center for criminal ethnic clans and why it is so difficult to deal with the issue plus the death toll from sri lanka's sunday forming attacks climbs to three hundred ten the country's government trying to prevent the spread of false information over the atrocity by temporarily blocking social media. hello they're just gone eleven am here in moscow you're watching r.t. international now questions are being raised over the growing links between facebook and the us government that is the social media giant announced it's hired the state department's legal advisor as its general counsel and vice president of communications according to the company's statement jennifer knew stead will oversee facebook's global legal functions she has al

biggest tech companies in europe are out with their earnings this week, including facebook. they struggle to maintain their position. joining us now is david kirkpatrick. and we have deborah with us as well. give us your take on the headline numbers, legal bills aside. >> you are right. it is hard to put those aside. the idea of a potential settlement is so massive. however, the revenue beat and the user numbers were not a surprise to us. facebook has shown and it has been years since the first news of cambridge in a lytic i came a came out, they have shown they have been able to consistently grow revenues, users, the market for facebook is doing well in terms of people using it, in terms of advertisers wanting to spend money. that part was not a surprise. the big surprise was obviously the $3 billion they are holding back for potential settlements. emily: david, in context, that is a huge fine. the highest ever in terms of the ftc and the u.s. company within the tens of millions of dollars. how serious is this? david: it is serious and the key question is is it a one-off? going

i. i i. i i i. i. i. party investigates the links between the us government and facebook and social media giant introduces its new general council which includes a legal advisor at the u.s. state department also to come. to cox and kill. the roots to shoot and kill. a prominent bodyguard from germany reveals how berlin's become unhappy sense of criminal ethnic clans and why it is so difficult to deal with the issue and she sees a nationwide day of mourning in following the weekend's bombing attacks you trust the scenes and i know of killed three hundred ten people. there just gone ten i am here in moscow you watching r.t. international questions are being raised over the growing links between facebook and the u.s. government that is the space social media giant announced it's hired the state department's legal advisor as its general counsel and vice president of communications according to the company's statement jennifer jennifer newstead poor . i received facebook's global legal functions she has already enjoyed a long career in the u.s. administration serving in the state and jus

links between the us government and facebook has the social media giant. general counsel a legal advisor. disease and. if they have that they're ready to shoot. high profile german god reveals why it's so difficult to deal with the clowns making. crime. international i'm daniel hawkins wrote you are right thanks for joining us on the program. i want to support is growing over the upcoming summit between vladimir putin and kim which the kremlin has confirmed will take place in the russian city of light of all stock. so. the north korean state media reported that the country's leaders set off from pyongyang for russia's far east in the early hours of wednesday morning. news traveling by private train north korean leader left to a great deal of pomp and found arrival a lot of us talk later on wednesday artie's who was in the city for us ahead of the first ever summit between president putin and chairman kim. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the whole city of vladivostok is covered in fog which is i guess

>>> good morning. it's 8:00 a.m. at facebook headquarters. it's 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪ >>> good tuesday morning. welcome to "squawk alley." i'm carl quintanilla with mookie betts and jon fortt. major averages in the red across the board and what is turning out to be the worst month of the dow and s&p. it's much larger than boeing this time although dow session low was minus 237 and you can see we're 50 points above that level right now. >> coming into the hour, apple is higher by about a percent and disney as well. that's all the good news in the dow at this point. >> industrial, energy stocks seem to be leading everything lower right now. boeing a drag but also some of the big industrial names in part because of the imf coming out and lowering it's global growth forecast. you got disappointing numbers from pent air as well. >> we'll learn a lot more about that on friday. tech executives from facebook and google back on the hill today. this week marks a year since mark zuckerberg testified on the company's data practices. our julia boorst

government and facebook as the social media giant introduces its new general counsel a legal advisor at the u.s. state department. has a register called kill. the rich kill. and a high profile german bodyguard reveals why it's so difficult to deal with the clans making berlin a hotbed of ethnic crime. a very warm welcome to the program from all of us here at r t h q in moscow thanks for joining us this hour. breaking news this hour anticipation is growing over the upcoming talks between vladimir putin and kim jong un the kremlin has confirmed it will take place in the city of laudable stock in russia's far east this thursday moscow n.p.r. news had been keeping the details of the first ever meeting between the russian and north korean leader secret citing security concerns. a lot of us talk following the preparations. on any other day you would see a beautiful bridge behind my shoulder but now it's all completely covered in fog in fact the whole city of vladivostok is covered in fog which is i guess a perfect display a perfect reflection of all the secrecy surrounding the summ

. and, behind the scenes of facebook. interviews with more than 60 current and former employees paid the picture of what one journalist calls a "fresh hell." but first, to our lead. apple and qualcomm agree to end a two-year legal battle over billions of dollars of technology licensing fees that threaten to jeopardize qualcomm's most profitable line of business. shares of the chipmaker over 2% on the news on tuesday. here to discuss the details, i want to go to ian king and mark gurman, who is outside the courthouse in san diego where a trial was just getting underway between these two companies, mark, and opening statements were happening as the news came in. set the stage for us. mark: so we were in round three of opening statements. this morning kicked off with apple's lawyers giving their perspectives, and then the contract manufacturers, a consortium of foxconn and others, and after them, you had qualcomm take the stand. we were about 10 minutes from qualcomm finishing their prepared opening remarks, and the news came in from apple about the settlement. it was interesting, becau

the country you had in the case of facebook mark zuckerberg who was a student at harvard decided he wanted to create a social media platform basically to meet girls and to make friends and hence we got facebook you never think that you could build this company or anything like that right because i didn't just college students write an average building stuff because we thought it was cool it was all about promise it was all about the shiny future was all about the free flow of information but there was also a certain idealism behind it i think that a company like google we have the potential to make very big differences and big positive differences in the world and i think we also have an obligation as a consequence of facebook and google started with a great idea and great ideals unfortunately there was also a very dark side the goal though which or was it should make it our lives ferdy's but certainly there is a real community that existed realized. google handles sixty five percent of all internet search in the u.s. and even more overseas. in the early days google was just a searc

off. facebook put its best foot forward. the social network shifts its emphasis to private communication. we will speak to the vice president of facebook messenger. fears that advertisers are away fromrom spending the search giant. apple shares rising in after-hours trading, up nearly 5% on the company's second-quarter earnings report as it continues to transition to a services company,. revenue reached a high of $11.5 billion. apple is launching a plethora of new services, like streaming video, video games, improved news subscription. the biggest revenue driver remains the iphone, which saw the man stabilize -- saw demand stabilize. for more on these results, i want to bring in an analyst. so interested by these numbers. share price saw big movement after hours. they are giving us a bigger dividend of share buybacks. these are still falling revenues, falling earnings per share, falling iphone sales. julie: it sounds like another boring quarter for apple. i think it is the same news every quarter. more seriously, the things you can look to that are very strong, their instal

investigates the links between the us government and facebook is the social media giant introduces its need general counsel a legal adviser at the u.s. state department. called kill over gone the route to shoot and kill a famous bodyguard from germany reveals how has become an ip center for criminal ethnic clans and why it's so difficult to deal with. day here in moscow you're watching r.t. international start this hour with breaking news to you because it's being claimed the easter sunday bombings in sri lanka which killed three hundred ten people were in retaliation for the mosque shootings in new zealand last month that's according to an initial probe into the weekend's atrocity by the country's defense ministry the shrine can authorities have apologized meanwhile for failing to prevent the attacks after receiving several warnings. don't measure the intelligentsia against you see i've been on the for the very international intelligence agencies informed us that such an incident could take place there detailed reports named christian churches and tourist destinations as the main

also dom natalled by monopolies. some of the most obvious are the tech industries, amazon, facebook, google and so forth. but frankly, if you look a little more carefully, if you at industries like the airline industry, if you look at look atlevision, if you industries -- obscure industries, more and dominated by either a -- we are in a period of concentration which is since the last gilded age. that's one of the motivations book, waswriting this to explore the fact that we are back in some ways from where we came. >> if your book, "the curse of bigness," you write, we are four political andajor economic experiment. what do you mean by that? >> so in the first gilded age, firsteaction to the gilded age, i should say, driven brandice,e louis theodore roosevelt, woodrow wilson, the united states adopted a policy of breaking the largest companies into pieces. anti-trust movement and the anti-trust law. decades, weeriod of took aim at almost every company that was a monopoly. and through most of the 20th century, the united states had anti-trustve campaign. there were periods of absence

refer to other tech industries right in front of our faces, amazon, facebook, google and so forth. but frankly if you look a little more carefully, if you look at industries like the airline industry, if you look at cable television, if you look at more secure industries like fertilizer, more and more global and american industries are dominated either by a single monopolist or an oligopoly of three or four, sometimes five players, and we are in a time of concentration which is unprecedented since the last gilded age. that's one of the motivations for me in writing this book, explore the fact we are back in some ways from where we came. >> host: in your book "the curse of bigness" you write that we are four decades into major political and economic experiment. what do you mean by that? >> guest: so when the first gilded age, as the reaction to the first gilded age i should say, driven by men like louis brandeis and you do roosevelt, woodrow wilson, other figures, the united states adopted a policy of breaking the largest companies into pieces. the antitrust movement in the antitrust la

really rough ride, as facebook has stolen, or borrowed and used successfully rather, their key features. the company is putting out key features. the android app appears to be moving the needle on user growth. emily: user growth data beat. analysts were expecting adding 600,000 users, and instead they added about 4 million. is that something analysts believe snap can sustain? >> i am not sure exactly where that's going to go, but i think it is a positive sign when it comes to the android rollout. snap is a very big app, with a lot of video, a lot of streaming, things that take a lot of internet usage, an app best used on an iphone, a more expensive phone. now that they redesigned the app from scratch for android, which took a lot of time, they have been talking about this for a long time. if they can pull in that whole universe of people, 85% of the world uses android instead of apple's ios. that's a lot more people. them attribute in the user growth to the android boost shows some positive signs for things to come. emily: you have obviously covered technology for a long time,