Tells them that someone is in the rim and that is more efficient. If you look at it over uber, this is taking capital that was being underutilized and employing it in a more productive way. Anyway you have capital that is underutilized, anywhere that there is a large labor of whole that is not using capital these are areas that will be disrupted in the next 10 years. The second question, i do not have any signs or evidence for this, but i have toys been very optimistic about the likely impact of future technology. The way i try to think about it, there are two possible outcomes. If you put this in star trek terms, you have the United Federation of planets where everybody cooperates and everyone has the ability to achieve personal enlightenment and personal best or you have the board, where everybody is nobody. It is one giant collective. These are two very different futures that come from the same set of technologies. I have boys imagined it would be like the federation and less like t
Waves in Silicon Valley and investing in hubers archrival lift. The billiondollar activist investor adding 1 billion to weathers 1 million to lift things wave of funding lyfts wave of funding. How will that help them catch up to uber . Lift is only valued at a little over 2. 5 billion. Then there is the reach, uber has expanded over 250 series 250 cities worldwide lyft only operates and 65 cities. For more on what this means, i want to bring in the Bloomberg News reporter who left this story, leslie picker from new york. Erin newcomer was here from the set in san francisco. Corey, i want to start with you because this is a very different investment for carl. Why is he investing in lyft over uber . Lets think of all the reasons. He is investing in it to make money. For much of his career, he has been a moneymaker, but not a Company Builder by any stretch of the imagination. He looks at what he can make better and where he can make money. 30 years ago, he has borrowed money to become one
We will talk to the attorney generals investigating this crisis. Is stone will be right here. He will talk about his new book. He is a great, thoughtful guy. He launched a bunch of great companies. I cannot wait to hear what he has to say. We will take a quick look at the headlines. Dianne feinstein says that she now supports a proposed requirement that u. S. Phone Companies Hold records for use by the nsa. Finding support is keys and she is the head of the Senate Intelligence committee. Legislation to curb nsa powers may occur. President obama help teacher views on the issue. A tv guide company lost a patent case against amazon. They ruled it amazon did not infringe on their patents related to interactive programming guides. They have 12 of the market. Lyft is cutting prices after raising millions of dollars in a new fundraising round. Theres now a 20 price cut in all markets. In january, huber announced a similar fare reduction in 16 markets but top they areg on uber, expanding their
A company has set its ipo share at above marketing range. Jd has not turned in an alley an annual profit, unlike alibaba. Twitter has elected all of its firstors, including the woman to join twitters board. The announcement came at twitters first shareholder meeting. Theyhit a they hit a high in december. And lenovo has a strong quarter. Their laptop and desktop shipments rose in the quarter despite in overall industry decline. They are making a dent in the smartphone business with its smart phone chip. 60 in the quarter. Welcome to bloomberg west. I want to welcome our special guest host for the hour. Also, longtime head of facebook wrote. Growth. Facebook great to have you here. Great to be here. We have started to figure out remind us though. What happened is i bought a company. We did a controlled transaction of one company and inherited ownership of tinder. Luationsluations va it easy, it it is addressing to look at doing different transactions. We are looking a buyout and control
See. Facebook will be able to shape them based on the history of web surfing. They will also be able to adjust those profiles, adding or removing certain categories. Shares in the moneylosing company, which develops software platforms, are up about 18 so far today. We will be talking to the mobile iron ceo later in the show. Is withial guest host us, roger. He was an early investor in facebook, yelp, and others. He also cofounded silver lake partners, the First Private Equity Fund focused on technology. Shows also done over 100 this year with his band. I used to play guitar. Maybe we can lay after. Every greenroom executive should have a couple of instruments. Every great executive should have a couple of and sermons. Executivea major change at twitter. Twitter ousting their coo really suddenly. He resigned his position. I should not say that he was ousted. The founder of the company said it will not name a new coo. This comes just seven months after pressure to get more user growth an