Chief of Bloomberg Businessweek all about global technology. Why now do this . Megan technology has always been a franchise that Bloomberg Businessweek. It is something we have distinguished ourselves on. We pride ourselves on the covers, the stories we are able to tell. We really wanted to keep global tech as a franchise and even make it more global than it already was. What you see in this issue are two themes. One is here are some of the companies in developments and entrepreneurs that are changing the world, like tencent. And also, the future is closer than you think. Whether that is fish skin being used to treat wounds or the race for space, things we thought were Science Fiction almost are not so much. We wanted to bring that to readers. Oliver this has got to be one of the Coolest Stories you guys ever had in one magazine. We want to keep this sort of Business Economic thing open, but the stuff is so exciting. What to you is most exciting that maybe you had not heard about or go
Chief of Bloomberg Businessweek all about global technology. Why now do this . Megan technology has always been a franchise that Bloomberg Businessweek. It is something we have distinguished ourselves on. We pride ourselves on the covers, the stories we are able to tell. We really wanted to keep global tech as a franchise and even make it more global than it already was. What you see in this issue are two themes. One is here are some of the companies in developments and entrepreneurs that are changing the world, like tencent. And also, the future is closer than you think. Whether that is fish skin being used to treat wounds or the race for space, things we thought were Science Fiction almost are not so much. We wanted to bring that to readers. Oliver this has got to be one of the Coolest Stories you guys ever had in one magazine. We want to keep this sort of Business Economic thing open, but the stuff is so exciting. What to you is most exciting that maybe you had not heard about or go
Editorinchief of bloomberg businessweek. I love this issue. Why now . Technology other was that franchise of bloomberg businessweek, is something weve always dissing was ourselves on and we pride ourselves on the axis. When we were thinking about redesigning the magazine, we really wanted to keep global tech as a franchise and make it even more global it already was. You see two themes. Here are some of the companies and developments and innovators you may have heard of who actually are dealing with the world and the future is closer than you think. Whether thats fish skin used to treat wounds or the race for space, things that we thought were Science Fiction almost are really happening. We wanted to bring that to readers. Oliver this has to be one of the Coolest Stories you ever had in one magazine. We want to keep the sort of business economics saying, but it is so easy to read because this is so exciting. If you havent heard about it or something that really digest up got you just u
, journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Caroline im Caroline Hyde from london, in for emily chang. This is Bloomberg Technology. Coming up, a change in ownership. We will analyze a u. S. Rivals deal. Plus, alibaba enters the ring as the fight to dominate the Smart Speaker market intensifies. How it stacks up against its rivals. Prepareseslas model3 to hit the road, a speed bump for the electric car giant. While teslas sales shifted down a gear. First, a massive deal in the Digital Payments ace payment space. This comes after j. P. Morgan showed interest, but ultimately backed away from the takeover offer. They hope to gain greater exposure to ecommerce retailers and Small Businesses through the acquisition. For more, we are joined by bloombergs editor at large, cory johnson. With me for the hour as guest host is Martin Mignot. Now, i want to kick off with cory first. Give us the background of this deal. B
Rivals. Just as the model 3 hits the road, why have the sales shifted down again at tesla. A massive deal in the Digital Payment space. Pay is being bought for 9. 9 billion. This comes after j. P. Morgan showed interest, but backed away. The u. S. Credit card processor hopes to gain greater exposure to ecommerce retailers and Small Businesses through this acquisition. Cory johnson and his partner at index ventures joined us for reaction at to deal. Cory this is a fascinating company. It is based in cincinnati, ohio. Why cincinnati, ohio . Whats interesting to spin off from this tells you the history of the business of payment transaction and what is happening is the way this business works, when you use your credit card in a store they , find it if youve got the money in your bank account and they approve the credit or not. There are a number of steps that happen behind the scenes. Each of those steps takes a different chunk. You get the verification from the merchant and the movement