Moment. First a check of the top tech headlines. The number of americans who pay for cable or Satellite Services fell by 250,000 as more turn to streaming Services Like netflix. It is the first fullyear decline in tv customers on record. Autonomy Founder Michael lynch is accusing management of misleading shareholders. He called on hp Ceo Meg Whitman to deliver details on the alleged accounting problems. Google wins a victory as it fights claims it scanned private gmail messages. They rejected the plaintiffs request. She wrote that central to the case is whether they gave their consent and must be litigated on an individual basis. First, to the lead. Our editoratlarge cory johnson here. They seem to be concerned about these Tech Companies that have gone public. Alibaba has said they will go public but lots of questions about the Corporate Governance structure. You have been digging in. What worries you . There is it is interesting it is getting attention. A lot of these were overlooked.
European headquarters in london. We have all angles covered on the alibaba story. Alibaba makes it official. The Online Retail giant has filed to go public in the u. S. It will be the biggest Public Offering the world has ever seen. Ferro. Joined by jonathan lets start with you, john. We have this billion that they are talking about, but nobody believes that. As 20ould be as high billion. We are expecting a filing and here it is. The price of the shares, how big the offering will be. Around 250e volume, billion last year. That is more than ebay and amazon put together. How on earth do you value this company . We also know a little bit more about these billionaires involved. Huge personalities. Be the poster child for the hero of liberal arts. His parents were singers. He taught english. Business wasnto something new. He failed the teachers exam twice before he exceeded succeeded. There are some Big Companies involved here. Yahoo has a huge stake. Softbank, a huge stake in this business
See you late. General electric selling Home Appliance unit to Swedens Electrolux for over 3 billion in cash. First, big news from twitter on a potential new revenue stream. Julia boorstin joins us from los angeles with breaking news. Good morning. Good morning. Twitter is announcing a test of its buy now but allow users to buy products directly from a tweet, first big move into ecommerce. The idea to make mobile shopping quick and easy. So say renan can tweet a photo of the tour tshirt and say, buy now. Twitter saves the credit card information and shipping address, saying everything is encrypted and not shared without permission. There are products in price points of all kinds and offers of all kinds that work across the platform. Its not a flash sale platform. Certainly things will work better. Again the temporal nature of twitter makes relatioal time in wheelhouse. Twitter working with 19 partners. A number of artists including emin eminem, pharrell and rihanna. The Company Plans to
Reporter the syrians say it isnt going to work because theyre experience, battlehardened and theyre fighting every day. Also, decision day for scotland. Voters must decide, independence or stick with the United Kingdom. Also coming up on the program, aaron, of course. Alibaba. Oh, david. This chinese internet giant is expected to be the largest stock market flotation, thats when a company starts selling shares, in history. Alibaba could have a market value of some 170 billion. Sounds great, but were asking, do investors actually know what theyre buying into . Its midday here in london. 7 00 a. M. In washington. 9 00 p. M. In the australian cities of sydney and brisbane, where the public have been told of a terrifying plot unearthed by australian intelligence. The Prime Minister tony abbott told the country of a plan by australian citizens luinked to the socalled Islamic State to kidnap and behead a member of the public. That triggered a major antiterrorism operation in which several pr
Not Great Customer data bases. Did the fed get it right . Could something have been missed. Alibaba slated to price tonight, begin trading tomorrow. Today the day for scotland. People there currently voting on an historic referendum that could change the uk. Cook writes, a few years ago users of Internet Services began to realize when an Online Service is free, youre not the customer. Youre the product. But at apple, we believe a Great Customer experience shouldnt come at the expense of your privacy. We dont monetize the information you store on your iphone or icloud, and we dont read your email or messages to get information to market for you. Our software and Services Shall designed to make our devices better, plain and simple. Probably the most comprehensive comments on privacy and security. This is a feel good if you are an individual. You dont want to be compromised. I keep thinking about the blackberry. People talking about that stock going higher. Every single major fortune 500