Im kayle Bloomberg Technologys next. Cory im cory johnson, in for emily chang. This is Bloomberg Technology. Softbanks ceo is about to add to his tech portfolio. Buer uber investors agreed to sell him a 20 stake in the right ailing giant ridehailing giant. We will look back at the year uber likely wants to forget, but we wont. Plus, more highlights of our interviews with leaders who helped Shape Technology over the past year. Son of softbank close on a deal to buy a large stake in uber. The sale implies a 48 billion valuation for uber, way down from the 69 billion valuation it achieved not long ago. Here is what son had to say about uber back in august. I think the way people use the transportation and the lifestyle will be different from , 30 years later, 50 years later. It will be very different. Autonomous car is coming. Comes, thist stage tide rideshare business becomes even more important. Cory joining us now to discuss the news, bloombergs redstone brad stone. Let me start with y
Ride hailer to a group led by softbank. Implies a the deal valuation of 48 billion for uber and more than a billion will be invested. It makes softbank one of ubers largest shareholders and counts seats on the board. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Lets take a look now at the markets. Hong kong and china, currently closed for lunch but heres how the morningading in session. This is the picture in and mumbai. Okyo back in half an hour. Time now for the best of bloomberg markets, middle east. [music] im cory johnson in for emily chang. This is Bloomberg Technology. Softbank c. E. O. Masayoshi son is about to add to portfolio. Uber investors agree to sell him stake. Great story here. And the Silver Lining for one of worlds most valuable. A look back at a year uber but wewants to forget, werent. More highlights and interviews, technology in the last year. I think months to happen. Heres what Masayoshi Son had to say
Powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is up next. Cory im cory johnson in for emily chang, and this is lumber Technology Bloomberg technology. After massive gains, can be tech continue its run . And President Trump resizes amazon on twitter. Should the tech giant be worried. And more from our best conversations of the year with candid discussions with c palmer and meg whitman. The sector outperforming the broader market, breaking records , up nearly 30 for the year i did not see the final numbers,. Pretty dam close to that it was a really amazing year. Just across the markets, i think. You have been investing in tech as long as i have known you. What a run. David it was a good run, but it. As a nasty close today in the scheme of things, i think what really distinguished tech was that growth was scarce and secular growth stories, as characterized by corey you mean topline growth in technology . David i mean
Bronx in about three minutes, but by that time, the fire had spread throughout. They were able to rescue a dozen people. Several more were critically injured and are said to be fighting for their lives. Police promising a bigger security detail than ever before in times square for the upcoming new years eve celebration. It caps a year that saw a number of deadly attacks including a vehicle assault at the same spot where revelers will bring in 2018. An army of snipers and back in spending officers will be deployed along with metal the textures and bombs trained to find explosives. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is up next. Cory im cory johnson in for emily chang, and this is Bloomberg Technology. After massive gains, can big tech continue its run . And President Trump resizes and President Trump once again criticizes amazon on twitter. Should the tech giant be worried. And
Bitcoins shadow. Analysts have a lower iphone x shipments projections for the next quarter. The iphone high price and a lack of groundbreaking innovations. Ork cited the iphone x was released six weeks after the iphone eight. Bere were concerns that may they got too close to samsungs phone. Competition is another part of this . Exactly. Particularly in china, a lot of the local manufacturers are coming out with products that have very similar features. Nobody quite yet has the Face Identification or the sensor that the iphone has. That has not been enough to. It is usually a big part of apple strategy. With these phone releases, and has generated the potential for new applications, but we have not seen that. There are not a lot of applications for the Face Identification. The phone has a lot of interesting features, but there are not really any uses for them yet. Secretive about what they have in the pipeline, in terms of hardware. When they unveiled the phone in september and it was r