It travel in style on his way home, traveling through town and a fire truck. Global news 24 hours a day, powered by more than 2700 journalist and analyst in more than 120 countries. This is bloomberg. This is. Coming up, dropbox jumping into the Public Market. Can the company avoid the pitfalls of going public . Passwords ong companyowned computers. Those are some of the steps uber took to evade authorities. Have beennd twitter under scrutiny for how they deal with online harassment. Now, shareholders are speaking out. On meltdownsate inspector. Two of the exploits apply to it chips. Previously set its chips were largely unaffected. Shares are falling. Ourmore, lets get to bloomberg tech reporter. What did amy say initially and what have a set now that now what did amd say initially and what do they say now . Misled everyone to believe perhaps that it is a viable is anative and maybe this opportunity for amd. Why would they say that . That is a question i would like to hear them into. The implications of this . How widespread and how much more widespread could be could it be . The computers out there are dependent on the processes. Amd did say we have patches the way and everything is going to be fine, but at the same time, the same patch that microsoft put did not work. It froze them. Whatever ways the system of it does not look good. Thank you so much for your update in your excellent coverage of the story last week. To have filedid for an ipo in the United States. It is privately via 10 billion. Dropbox could be one of the Biggest Companies to release in several years. Joining us now, the reporter who broke the news. Alex, we have been waiting for dropbox to while and now they have. What do we know about the timing question mark and have filed confidentiallys. This listing could happen pretty spotify. G the ranks of Goldman Sachs and jpmorgan have been hired to lead the deal. Se are two firms that have now, they are opening the books for other banks who is help on the deal. This is another one we are seeing right out of the gate and you, we have waiting for turnaround to see some of the bigger names start to get public in this is need to come. What do we know about the price here and the potential valuation . The folks that i talked to before this story when now that they expect this could price below that valuation that the company locked in, but they think in aftermarket trading, this could trade up through that put down around 7 to 10 in the terms of size. Last year, alibaba was the biggest, raising 25 billion worth of cash. Twitter then you get into somebody smaller deals as you see here. Around to let something dropbox, drama those numbers are still to be decided. Theres no indication how much they intend to raise, but i can tell you this will be a bigger one on par with snap and some of the bigger deals we have been watching. How do you think this will compared to things like spotify and other upcoming ipos . Two that mighte come as my remember spotify is a bit unconventional. There is not a big share sale like you see, so those will be thanks folks are paying a lot of attention to. Snap has not form well since last performed well since last march. They did come out and say dropbox is profitable. They are coming up with some financials that are unique in terms of some of the Bigger Companies and asking the Public Market to that on a profitable company. Today onscoop for you dropbox. Thanks so much. Coming up, another day and fromer dark revelation over. Uber. This is bloomberg. In nook thetake off entire site. It is the only way to be sure. Weaverss sigourney deliverance a classic line and the scifi classic alien and it is that line is the namesake for topsecret program uber has been keeping to keep police at bay. A man intimately familiar before that, he served as ubers head of communications in america. How did this button work . Contacts give you some context first. Them may have been problems with tax evasion, local labor laws and running against transportation laws so these authorities started raiding the uber offices abroad and it developed a tool where it could remotely disable all the computers from its headquarters and it would shut off all the computers so authorities do not collect evidence. Is this something they used in the United States . We do have a statement from the uber saying like every company, we have security procedures in place. When it comes to government investigations, it is our policy to cooperate with all searches. I think it is important to look at the context. We are not talking about the doj executing an unlawful warrant. Maybe they were tax and commissioner uber was really defending some actorsgainst acting poorly. Is the program while full or does it matter . I think the question should be where the actions by the authorities lawful in a very the very beginning. Industry is incredibly powerful and has power to leverage authorities. Think it is a very important point and we have to look at the intention there were getting at the time, but it is still interesting and very interesting the company was facing government probes at the moment from the Justice Department. On that point, you can defend over older long, but they are facing probes from the u. S. Government into their operation. Lets think about 2015. Uber was in a war for its life. They were defending information drivers and riders. Weve also seen workable was basically stealing data to protect themselves in the United States. I think we are talking about phone governments who are losing using their authority inappropriately. . What it does mean there have been a lot of skeletons in the closet. There could be more to come. Whether this would be described as a skeleton is debatable. I think an important point to keep in mind is there is a new guard and the same thing that helped the company grow so things are also the causing problems now and it sounds to me ubers new seo is making an effort to make sure the programs dont exist. Who are uber knew about these programs. In the beginning, it was designed by the Tech Department and then it was moved to security. We understand employs that worked on the program felt comfortable with it and we understand there was a lot of gray area about when they could and could not use the panic button. On that no, this is something that would continue to exist at the uber and light of continuing struggles . Teixeira sosomeone gets a hold of it, we are talking about ubers ability to detect dust protector data. Where you ride is a business and government should not get its hands on. What are you hearing from the Hoover Community and are employees about the shares . End of the month is when it is expected to close and it is wonderful that travis decided to participate as well, but had he not, the size of stick is quite large, but traviss loyalty scheme and had he not participated . Had he not participated, ably would have impacted that during apple could get a 4 billion boost in the tax overhaul plan. A tiny loophole could benefit those companies who dont fall within the calendar year. Push to be aing a assistantyer in the market. Google is also discussing a strategy for buying products and via the assistance. Google now runs on 400 million devices. Coming up, a new player in the cryptocurrency market. How monogram helps rip hopes ripple will be everything. Mason the name being associated with bitcoin, the u. S. Marshals service. The bitcoins were seen in connection with the number of highprofile federal and state cases. Is there from drug bust and money laundering. The sale will take place january 22. Participants are required to make a deposit of 200,000. Another mainstream adoption of cryptocurrencies and this time it is monogram. Shares climbed the most in 10 months. It will be testing the use of cryptocurrency to remove funds. Mention speedier transactions. What does this mean . When i first thought of that ,oin, i think the first notion you have to think about the business of monogram moving money across borders with lower fees. Workerare a foreign trying to get money home to your 7elevenou go to the and try to transfer money using western union, the fees are an enormous and the process is slow. The idea you could move money like email is a dream and that is what bitcoin promises. Competition with each other and see monogram as a way to move money faster is an amazing thing. It massively erodes their business model. We spoke to the ripple ceo recently. Lets take a look at what he had about the future of cryptocurrencies correct theres no doubt 2017 has been the year of crypto and xlp has outperformed every asset out there. We are up about 20,000 . Its interesting to compare bitcoin to a slower credit card transaction. Do you think cryptocurrencies click the past bitcoin or come close . I think that is why this show exists. So it can have an understanding and when we get to a place where we are talking about Blockchain Technologies and even currencies that use blockchain rather than is when we that elevate into a conversation of what they might be. The company that owns movie pass, they have a public structure that is complicated. The business is really simple. Physicalflix at a movie theater. I talked to them about the notions of using blockchain and what they will do with it in listen to what he had to say about how block and much blockchain might change business. I think the public doesnt quite understand youre on the only thedisrupting not way you go to movies, but the distribution of content. Buts not just movie pass, expectlot of businesses to use this technology to solve problems. Ms old how do you know when some of these businesses are using this generate and not to buzz . I think some cases are obvious. When you see companies change the name and do things that have a shortterm effect on their it isn it seems interesting to see how they talk. Kodak, another company with a listen to what they say and the details they give us about how that might work through a how much more often do you think well see this happening . We will bel sonting on thinkers and toes between the two of us that is at least 20. We talk a lot about bitcoin and ripple. If there was one other cryptocurrency that youre watching for this year, what is it . I think one of the most areresting things here is we going to have lots of individual currencies which lessens there by you their value their value . If there is one way to do a transaction with movie pass then it lessens the fire. Will they have lesser value or congeal around a singular cryptocurrency . I think that is an interesting question that is important to figure out. You. Ank coming up, facebook and twitter under fire yet again. This time from shareholders. That is next. This is bloomberg. Youre watching bloomberg technology. Theres a check of your first word. The Justice Department is launching an investigation into Drug Trafficking in money laundering. The move by the attorney general follows reports that the Obama Administration officials prosecutions related to hezbollah. Said the deal is working and the eu remains committed to making sure it is implemented. British Prime Minister theresa may has announced a plan to improve that countries the nation of plastic waste. May found that leaving the European Union union will not lower the environmental standards. In tunisia, Police Arrested more than 300 people and fire tear gas as protesters threw rocks and demonstrated over rising costs. The tunisian government has accused opponents of stoking the unrest. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Just after 5 30 p. M. Here in washington, where we are joined by david glace with a look at the market. Downstreet will not be put. Another round of records here requesting my chest get here. To eke out a 13th straight gains yesterday so are going for 14 today. Have talkingy, we have and a lot of them been surprised at how good these markets have been. That being said, we are poised or a history weekly gain across the asiapacific. Might be a little bit of a wobbler wobble their. Lots to watch out for today. That is left of your markets early. This is bloomberg technology. Are facingd twitter heat from shareholders to combat Sexual Harassment of women. , they announced they cofound shareholder resolutions, asking both companies to produce a detailed report on the scope of Sexual Harassment on the forms. Address theons also topic of fake news, election interference, violence and hate speech. What are the arguments coming from the shareholders . They are saying that facebook and twitter have not done enough on the platform. Right . S about time, its interesting because you have who you have behind it. The argument is that this is a financial a societal problem, but also a financial problem. During a news conference, they cited the metoo movement. Also, it is not a woman problem, it is a people problem. People dont feel as safe going to the platform. What do the shareholders want . They want disclosure. Basically, they understand these Companies Know they havent done enough. What they are saying is that it is not enough and they have not been transparent about it. What is going to happen ultimately is there are a few options to the company could come to a negotiation with shareholders. It is unclear this point. Twitter. Start with haveitter and facebook. Aken a handsoff approach that made it easier for people to flag abuse and harassment. However, jack dorsey recognizes that isnt enough and they are working on many different measures in terms of the transit is less said they will whatever feel a Transparency Center so people would know where the answer from them about several slater we still have not heard any word about the progress status. At the same time, you have twitter, for example making statements and bowls that sometimes seem at all with this that their tweets can remain up. In the past, have try this method of war. The ones from last year did not receive a lot of shareholder support, but it is going to be different because of the overall environment. Thank you. Google is planning a new push for you to videos fennec bundles with advertisers. Move is intended to address concerns involving offensive videos involving children and popular youtube stars. Last become a popular Youtuber Logan paul posted a video of a suicide. Coming up, the attention of Goldman Sachs. This is bloomberg. Earlier this week, Goldman Sachs made a bet on what could be the future of banking. The firm announced it is partnering with an online startup to commit 259 to make Real Estate Investments through the platform. Ryan, what does this investment mean for you . We are incredibly excited about the partnership. We believe it is a testament to the Value Proposition of our platform. To have a partner like goldman ands is really a great step our Overall Mission of expanding access to quality Real Estate Investment through people with more technology. Not toave been fortunate have to do much in the way of marketing. Most of our customers and clients are hearing about us through the wordofmouth. We have a bunch of inbounds through our website really, it is a Network Effect through primarilystors, through offices and other institutions. How many more partnerships of this kind will we see from you . We are focused first and foremost on goldman. Is able to provide them on axis to real estate, but theres a plethora of other opportunities weve been thinking about, so this is really the First Partnership that we deliver on, but we anticipate there will be other platformsnd other that will also pursue weve also pursue after a time. Text used to work at goldman and i wonder how close you are to goldman alums and members of the goldman network and how influential that was enclosing feel like this. We oftentimes we are fortunate to have the chairman of the Investment Committee lead Investment Banking globally who used to be the president. I worked at Goldman Sachs. One of our that familiarity made a big difference. Coleman invested in a couple of earlier funding rounds so they had front row views into the performance of our company. The beauty of our project on the front. We got fortunate that all the dots connected and we are excited for the future. Would tgv another partner in the future . Three years ago, i do not really anticipate this type of velocity and the adoption of our business model. Right now, we are primarily focused on channels for individual High Net Worth investors. My guess would be that we will continue to work with goldman and explore other partnerships as they arise. Obviously, there has been a lot of uncertainty. Tax reform just past. Im just how that will impact the business. A lot of the tax reform, we actually think it will be a positive implication for owning direct real estate. There are structures related to blockers and unique tax benefits. Isl estate as an asset class unique in that it provides highquality opportunities, so ,e believe the asset class irrespective of tax reform is compelling and with some of the reforms, we think that even despite where rates will go, there are structural advantages and really dont get through a quality platform. We have talked about this before. A ton of investors have practice since they got started. Jared kushner was an Investment Partners currently on. I think it is a testament to the enduring quality of our platform, the Value Proposition that transcends the political spectrum so we are going to continue to focus and expand access and we will put politics two that will let people realize their dreams and change the world for the better. Thank you for stopping by. Ministerlfcritical as in bc the ceo talk to convert from tokyo about the rise of regulation to the region. Does make a lot of impact to our business. There is a potential band you we are away from that so we should be ok. I have been trying to talk to them and not responded to my request to come so we will see how that happened to requests there a feeling that this is closing in . In china, it is clear that the government is against the past against it. We dont like to go against governments so we moved out of china. Youre actually spread around a few locations. Hong kongresence in and taiwan and other countries are i think it is a little tough to decide where you want to be in this type of Environment Club up before it was cryptocurrencies exchanges that were not allowed. Now things are becoming tighter, we just have to play by your. By ear. If im not wrong to you started limited registration crude will able to open it up again . Limited registration, do you think youll be able to open it up again . We are growing basically a couple million every week in terms of users. We do not expect this kind of coursesnd our current are changing really cap. We are holding a little bit. Weeks,y within a couple we will be able to fully open again. Coming of him behind the wall street decathlon is putting you behind the race. This is bloomberg. Demand for personal computers rose over the Holiday Season for the first time in six years. According to idc, just over 70 million pcs were shipped in the fourth quarter. The wall street decathlon kicks off its 10th year in new york city and the decadeold issuing newis technology. For the first time, outsiders can now stream this race. Joining us now from new york with all the details, founder of d10. Tell us how it works. Life for twos to reasons. The first was the tenants is a fourhour event which is pretty hard to show in totality. The second thing is when we built the d10, we built a Software Suite that allowed us to know where every athlete was at all times so you could take those two factors haughtily show. His to a global audience requiring the audience to tune in for four consecutive hours. To get intothe tool any live event at exactly the perfect time. Will this be used for other sporting events as well . Will was originally built to solve a problem, but will we realized this theres a lot of , but there producers is too. Talk to us about how the Technology Actually works. Is it phone banks, how does it work question marks it is all mobile. On thefocusing on the millennial who is consuming more on their phones and the television. Normal does work as being a multicamera, username old system so the user can toggle between our cameras to get the prv they want. In addition, they can serve as the intel inside to a broadcast, so we are enhancing someone elses. Talk to us about where you intend to take this technology in the expansion of the 10. In the Technology Perfect world, we are seeing media rights holders figure out content. Ow their they want to watch a show in an unconsolidated way so washing an event from start to finish this tough to do, some warmer norma can give a larger audience to consume an event. D10 they are talking about global audience. One of our expanding to different parts of the country . The d10 will do that. It was originally celebrating their 10th year in new york city. The d10 has extended to chicago, san francisco, houston and will add additional cities. Thoseea is to find centers where the d10 can thrive and work its way up to a National Championship format. Thank you so much for joining us. Oft does it for this edition bloomberg technology. With aay, we will speak congressman from california. That is all for now. This is bloomberg. Here in hong kong. Ere live from bloombergs asian headquarters. Asia. E to day break at street is back record highs. Crude topping 70. To kick an ready off a new season. A trading s of slump. From bloombergs global eadquarters, after 6 00 p. M. On thursday, shares falling on late trait after admitted security vulnerab