Areas you know we will hire another 100 people currently the budget is speedy and discussed and i think this will be granted in november and when fighting right wing extremism hatred and terrorism thats all we wanted to be able to use the same organizational units that we use when it comes to fighting islam ista maybe her this is very important because monitoring online and persimmon crime online is something that requires a lot off staff of course certain things can be automated but ladies and gentlemen its a mental image most effective still is and will be a human being when it comes to fighting crimes and terrorism and i also welcome and im quite happy about that. State premier i also welcome would you say that because we need democrats to stand up and this is why i really well youre at activities on the Market Square and we have to make a contribution to make all these actions permanent. Fortune on the federal republic of germany. With a b. As maiden only. Reason we the world never
Communicators of tech policy roundtable with three working journalist. We will look ahead to the fall at what the congress and executive agencies may be doing when it comes to tech policy. Lets introduce our panel beginning with Emily Birnbaum of the hill. We also have ashley gold of the information, and Alexandra Levine of politico. Ms. Levine, first question to you. Facebook has seen a lot of attention in this town in the last couple of months. Do we expect whats going on with that case and we expect further attention to that company . Thank you for having. Great to be. The ftc 5 billion settlement with facebook which was the culmination of this long privacy probe prompted by the Cambridge Analytica data scandal has divided washington. On the one hand, you have republicans and Industry Groups say this by building daughters find because is the largest to come that that in history of te agency really, that it meant facebook was being held accountable. On the other side you have democra
The hill, we also have ashley gold of the information and Alexandra Levine of politico. Ms. Levine, first question to you. Facebook has seen a lot of attention in this town the last couple of months. Do we expect what is going on with that case and do we expect further attention . Thank you for having me. Great to be here but 5 million settlement with facebook was a combination of this long privacy probe by the Cambridge Analytic data scandal was in washington so on one hand you have republicans and Industry Groups saying that the 5 billiondollar fine because its the largest go down in history of the agency that it meant facebook was being held accountable. On the other side you have democrats in Consumer Privacy advocates blasting the ftcs track record on enforcement and saying that because of facebooks size and how much money it has it will not deter facebook from bad behavior in the future but right now in washington we are sort of in this wait and see mode with facebook where faceb
Washington. What all the backandforth means. And President Trump once federal federal to wants agencies to work with social Media Companies to stamp out hate. But first, uber shares continue a fall after sales miss and 5. 2 billion dollar loss in the second quarter. Much is due to the ipo in may. Cooper is trying to reassure investors, saying losses will uber is trying to reassure investors, saying losses will come down over the next few years. Why such a dramatic reaction . Eric i think the stock reaction had to do with the revenue mix. If you are going to lose that much money, you have to keep growing. A 5 billion plus net loss is huge. That has to do with the stock uber loses ipo, but money regularly, although it did beat expectations. Emily are investors generally buying that this is a once in a lifetime of a company fix . Eric that narrative is challenged. I think if they were holy buying uber aboveuld see its ipo price. Analyst remain optimistic about uber. Many have buy ratings
Announce its second vision fun after its wildly popular first fun. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Level down to the lowest since may. Here to crunch the numbers and breakdown uber eats an active is Mandeep Singh payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the user subsidies in their ridesharing business, i think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. The large numbers large Growth Numbers are catching up. I should add that the adjusted loss was lower than 650 6 million versus 979 Million Dollars that analysts had estimated. Monthly users are below estimate, 99 million, the street was looking more like looking for 101 million. What do you make of that . Mandeep the fact is, uber is a global company.