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Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

In the latest Earnings Report . Details ahead. And twitter mrs. Thirdquarter revenue estimates. We find out why new user growth did not translate into ad sales. Facebook dominated of the week in tech with Mark Zuckerberg defending his social network before congress on wednesday. What was scheduled as a hearing on the Cryptocurrency Libra also included issues like antitrust and privacy. Is in a currency . Are you a bank . What is this association . It is a very complex project. And as you say, it is risky. Do you consider libra to be money . I consider to be a payment system. Its like me having my money in wells fargo bank. You could think about it that way. The we are not a bank or applying for a bank charter. That is the problem. Thats what were facing. We are not going to launch the system here or anywhere else around the world until we get approval from relevant egulators. The american competitiveness angle and cognition with china is a National Security issue. In china, especially

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