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Transcripts For BLOOMBERG Bloomberg Technology 20240713

Making the return of merchandise a more customer friendly experience. That is the goal of this organization and we speak to its ceo. Four potential competitors are demanding mark give uprg be forced to control of facebook. In a lawsuit, they get use facebook of anticompetitive behavior. They also want it to sell whatsapp. Facebook says the claims are without merit. Partner in we have a and a cocounsel in the case. Great to have you with us. I wanted you to talk about the lawsuit wanting Mark Zuckerberg to be forced to give up control of facebook. Is this possible and why . As of now, he has incontestable control over the company. His class of shares overpowers the class a shares. He has Carte Blanche to do what he wants with the company. Hehe board. If you look at the details of our lawsuit, the anticompetitive scheme was hashed and commanded straight from him and there is no reason to believe that if you facebook key assets, that you would ever fix the systemic problem. There is great

Transcripts For BLOOMBERG Bloomberg Markets Americas 20240713

A bny mellon forecast really concerned investors because deposits, both interestbearing and noninterestbearing, will be lower. So the next earnings quarter is in doubt. Not so for Morgan Stanley. That stock is getting rewarded. Here in europe come of the equity markets dont look as exciting in the United States as we are tracking now towards 30,000. Hints that may be more stimulus is on the way. The South African rand taking a hit today. The reserve Bank Delivering a surprise 25 basis point cut. , this isd bombardier kind of a joint story. Bombardier being pummeled today, mainly around the airbus aircraft, basically a narrowbody shorthaul aircraft. Bombardier may walk away from that project. Muchs not really reacting to this today. The expedition was that airbus was ready for this, but it seems like the market wasnt. Basically, the rampup of this aircraft costing more. Is worried that this may affect the turnaround planned, and thus may walk away from it. That stock down 35 . Vonnie le

Transcripts For BLOOMBERG Bloomberg Technology 20240713

And retail and return. The making of making the return of a merchandise a more customerfriendly experience. Thats the return of friendly. Ell talk to the creo. Four potential competitors are demanding that Mark Zuckerberg be forced to give up control of facebook. In a lawsuit they accused facebook of anticompetitive behavior. They want the social network to sell its whats app and facebook asset. Facebook says the claims are without merit. We are joined by the colead council in the case. Great to have you. Thanks for having me. I wanted to break down some of this piecemeal. First, i wanted you to talk about Mark Zuckerberg and giving up control of facebook. Is this even possible . And why . Control incontestable over the company. His class of shares overpower the class a shares. He has Carte Blanche to do whatever he wants with that company. He has control over the board. When you look at the details of our lawsuit, the anticompetitive scheme was hatch and executed and at times executed

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