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Transcripts For BLOOMBERG Bloomberg Technology 20240713

Fourth quarter bottomline estimates. We will break down the results ahead of disneys highly anticipated streaming platform debut. But first, to our top stories. Facebook continues to struggle to regain trust over how it handles user data. But that has become more complicated. There has now been a leak of internal documents suggesting business considerations outweighed those privacy concerns. It is something that facebook publicly touted when it decided five years ago to cut off tens of thousands of developers from its platform. To discuss, im joined by Bloomberg Technologys sarah frier, as well as ben brody in washington. Sarah, let me start with you. You covered this story. What do we know from these leaked documents so far . Reporter the documents give us this interesting internal picture in a way we really havent seen before of how these decisions are made and the difference between how they are discussed internally and how the company explains them externally. Internally, they are

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Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

Reach. And the u. S. Government says russia, china, and iran will seek to meddle in elections going forward. How vulnerable are we . We get to opinions from ethical hackers. It was a week of reckoning for uber. They posed selling restrictions for early investors lifted wednesday, making it one of the most actively traded stocks shares some record lows, not a good look. The stock is down 40 from its debut. For some perspective, i caught up with guests. A lot of people are just sick of waiting around for it to get better. We saw the stocks fall. Again, there are some questions around when this could continue, considering a number of early investors are not underwater and could see potential upside. Taylor walter, the volatility today, is this a day issue, weeks issue or a months issue . The average daily volume is 15 million shares. As lizette was saying, you are talking about one billion shares coming off of lockup. Some of those shares are probably not going to trade. I dont think soft

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Transcripts For BLOOMBERG Bloomberg Markets Americas 20240713

Will ask what hes going to do about that. Thatwe look forward to conversation, in europe stocks are up by 3 10 of 1 , volume is good, trade related stocks are doing well. Car stocks are trading higher, the pound is trading lower, mark carney pointing into the direction of a rate cut. Two members voting for a rate cut and the pound reacting to that. We will talk about it later on in the hour. And a massive move in the bond market, six basis points to seven basis points just a moment ago. Bonds are selling in europe, its all to do with trade. Thats the driving narrative again. Get to thats conversation, the developments oureen the u. S. And china, guest joins us from san francisco. Is anything giving you optimism about where we stand regarding the u. S. China trade war . Its a process. The reason its a process because its in President Trumps interest afford to be a process, we have had headwinds earlier this year. Of ratchetingsed up tensions. And then the economy slowed down, not just l

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Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

Service becomes available. In the u. S. Government says russia, china and iran will seek to meddle in elections going forward. Ethicalpinions from two hackers. Company selling restrictions for early for early investors. It is not a good look for the largest ipo. With up a lot of people are just sick of waiting around for it to get better. We saw the stocks fall. Again, there are some questions around when this could continue, considering a number of early investors are not underwater and could see potential upside. Taylor walter, the volatility today, is this a day issue, weeks issue or a months issue . The average daily volume is 15 million shares. As lizette was saying, you are talking about one billion shares coming off of lockup. Some of those shares are probably not going to trade. I dont think softbank, who owns about 2 million or so of the shares, are selling any time show soon. They are pretty bullish on rideshare and have a number of investments. But the founders of the compan

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Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

Before the Disney Streaming Service Becomes available. More on the outlook and global reach. And the u. S. Government says russia, china, and iran will seek to meddle in elections going forward. How vulnerable are we . We get to opinions from ethical hackers. It was a week of reckoning for uber. They posed selling restrictions for early investors lifted wednesday, making it one of the most actively traded stocks shares some record lows, not a good look. The stock is down 40 from its debut. For some perspective, i caught up with guests. People are just sick of waiting around for it to get better. We saw the stocks fall. Again, there are some questions around when this could continue, considering a number of early investors are not underwater and could see potential upside. Taylor walter, the volatility today, is this a day issue, weeks issue or a months issue . The average daily volume is 15 million shares. As lizette was saying, you are talking about one billion shares coming off of lo

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