Biggest international office. All of that is ahead. But to our lead, redd itors are rebelling, calling for ellen paos resignation. A vast majority of the Reddit Community believes that she has overstepped boundaries and will run reddit into the ground. The number of signatures skyrocketed over the weekend after pao fired talented director Victoria Taylor. Hundreds of moderators shutdown message boards. Pao went to read it and said we screwed up. Pao has been trying to cut down on harassment on the site, but reddiotors complain they are curtailing their freedom of speech. We have our guests here peter, you signed the petition. I have to start with you. Why did you sign it . Why was the tory a tailor so valuable to reddit, and still no explanation for why she was fired. Victoria taylor so valuable to read it . Peter as to why Victoria Taylor was so valuable to read it, she was the gobetween between volunteer moderators who are the lifeblood of the community she was in between those volun
Is bitcoin the answer to greeces problems . And why some greeks are considering moving into bitcoin. And uber readies its Biggest International office. All of that is ahead. But to our lead, redditors are rebelling, calling for ellen paos resignation. A vast majority of the Reddit Community believes that she has overstepped boundaries and will run reddit into the ground. The petition was posted 4 weeks ago. The number of signatures skyrocketed over the weekend after pao fired talented director Victoria Taylor. Hundreds of moderators shutdown message boards. Pao went to read it and said we screwed up. Pao has been trying to cut down on harassment on the site, but redditors complain they are curtailing their freedom of speech. We have our guests here peter, you signed the petition. I have to start with you. Why did you sign it . Why was the Victoria Taylor so valuable to redditt . Peter as to why Victoria Taylor was so valuable to redditt, she was the gobetween between volunteer moderato
All of that ahead on bloomberg west. But to our lead, redditors are rebelling. More than 180,000 people have signed a petition calling for ceo ellen paos resignation. According to change. Org a vast majority of the Reddit Community believes that she has overstepped boundaries and will run reddit into the ground. The petition was posted four weeks ago the number of but the number of signatures skyrocketed over the weekend after pao fired talented director Victoria Taylor. Moderators protested by shutting down hundreds of message boards. Pao went to read it and said we screwed up. Pao has been trying to cut down on harassment on the site, but redditors complain they are curtailing their freedom of speech. We have bob book. He led business developing at reddit competitors. Peter signed this petition. Why did you sign it . Why was Victoria Taylor so valuable to read it . Still no explanation as to why she was fired. Peter as to why Victoria Taylor was so viable to read it, it was not what
Bret taylor is here. All of that is ahead on bloomberg west. To our lead. The biggest interruption and stock trading in two years. The New York Stock Exchange shut down for hours today on a Technical Glitch. There is no indication of a breach. Orders were forwarded to other exchanges. The exchange opened the head of the closing bell. Big concerns about china and greece, a selloff. Was the malfunction a natural outcome of highfrequency trading. I am joined by cory johnson. Matt miller and cohead of equity trading, as well as joe greco. Walk us through what happened. At 11 32 a. M. They have proms with the Financial Exchange system that it uses to allow buyers they had a problem with the Financial Exchange system that allows us to speak with buyers. It didnt work and they had to stop trading. They canceled all orders, sent them back to brokers. They did not reopen until three hours 40 minutes later at 3 10 p. M. It was the longest halt on the New York Stock Exchange for a Technical Glitc
Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark tenyear treasury note yielding 2. 2 . And thats actually a 2. 5 move, guys which is not quite double that of the dow. So bonds are moving more obviously overnight in china. This is turning out to be a seminal day for the stock market. We had 1,400 Major Chinese companies suspended in trading. Not for these reasons. Many of them suspending their own shares because the decline. And something i pointed out early this morning, guys, which is this chinas stock market value declined in 30 days has been