Twitter shut down 32,000 accounts tied to china, russia and turkey for manipulating the platform. This after joe biden called out facebook for failing to curb misinformation and not taking a stand on political speech, oed i many who watch the by many who watch the social network. The company spends a lot of time outlining Community Standards they are supposed to enforce against all users, and when one particular user comes along who happens to send his posts from 1600 pennsylvania avenue, theres a different standard. In a lot of ways, facebook is too big to fix right now. Facebook has 2. 5 billion users around the world constantly posting in more than 100 languages. That is a system too big to govern. You have one young white man who has one experience in this life who has the control of billions of people, what they see and view. It is wrong. I dont know if he is drunk with power or simply just in a bubble. Us is someone else who has an opinion, roger an author. Ive got to get your temperature. There has been so much happening day today about facebook in the last couple of weeks. Where are you right now on this . Roger i think what we are looking at right now is the recognition much more broadly among policymakers, users and journalists that the is this model of internet platforms, and im speaking about facebook and instagram but also youtube and twitter, that the Business Model is based on monopolizing our attention and the things they used to grab our attention provoke emotions. They use algorithms to amplify the most gauging content. Speechrns out to be hate and conspiracy theories, which are terrible for a site. What we are seeing now, and because of the confluence of the general election primary season, the pandemic, the economic collapse and now all of the protests going on, there is so much of that being magnified and exacerbated by facebook, youtube, instagram, twitter, that the whole country understands this is a serious issue and we have to get on it. Jumping ineen biden on this on facebook and President Trump taking a different tack with the executive order, facebook will be a big flashpoint in the u. S. Election. How do you expect this to play out . Roger emily, it is anybodys guess. Facebook has taken a major risk. They have altered their terms of service to protect the privileges of the president for advertising in his campaign. They used to have a rule that said you cannot lie in a political ad. President trump did some dishonest things that would have been illegal in any advertising context. Offers that said you must reply by midnight every day. Facebook changed its terms of service to make those kinds of ads ok. It has done a bunch of other things that made it clear they are lined up on team trump. If the election goes the other way, facebook will stand alone and having made that very visible move. If you are an investor, thats not the kind of risk you see in other platforms, even though they are doing most of the same kind of content. Emily do you believe they are taking this stand because they believe President Trump is going to be reelected . Roger i have no idea why they are doing it other than if you are an internet platform on the scale of youtube or facebook or instagram, you have to align with power. You can never get crosswise with the government in a country you operate. Governed by authoritarians like cambodia or brazil, they have to align with the authoritarian, meaning they use their technology to manipulate and control the population. That is the sort of thing that in the United StatesPresident Trump would like to do. Unlike the other platforms, they have done it in an undisguised way. I think that makes them vulnerable. Markets are fixated on power. Mark is fixated on power. I think he has a vision of the platform replacing government in many contexts. I think google has the same vision but they are more subtle. I think mark has put himself in a position where he is going to be the target of attention throughout this campaign. If President Trump wins, i dont know what loyalty he will show them. If he loses, i think the other side will rightly look at facebook as having not been an evenhanded player in the electoral process. Emily there is a lot to unpack their. There. If biden wins, where does that leave facebook . Roger i presume biden would treat them fairly. Presumably they would look at every platform and recognize that the Business Model of these platforms and the use of algorithms to amplify and engage contact is a source of harm. Look at so much information there has been around the pandemic. How is it that in the u. S. We cannot treat Public Health as something that is shared by all of us . How is it that masks and social distancing became part of the culture war . The answer is disinformation on facebook and instagram and youtube. Rise of theat the quarantine resistance movement, that was all organized and executed on social media platforms. The key point is i am a believer in free speech and i dont want to prevent people from sharing their personal ideas. I want what i want to prevent is the amplification of harmful ideas disproportionately by this platforms for their own profit. That is where the problem lies. I would let everybody speak, but this notion that they are going to take stuff that scares people , that makes them outraged, and give that a big juicing through algorithms, that is a harmful thing. I think for investors, we are in a very awkward place because the market right now is telling us everything is fine. President trump will be reelected, all of these left forms will sale through this. Sail through this. But this civil unrest is changing the culture and it may not be acceptable for corporations to do the kind of things that internet platform have taken for granted and made them so profitable. That day of reckoning, if it comes, is going to be very serious. How do you put a probability on that . We are still five months out from the election. Emily if you are in favor of freedom of speech, what should facebook have done with President Trumps post about looters should be shot . Twitter flagged the tweet for violating policies and hid it behind warning. What should facebook have done . Roger Something Like that. To be clear, twitter waited until now to do it for the first time. Im happy they did it and i think it was courageous. Trump has been so good for twitters business, that the notion that twitter would do anything to slow him down, that required courage. Remember, that was a Public Safety warning they put on the shooters and looters post because it was encouraging violence. That seems to me is not a freespeech issue, that is the equivalent of screaming fire in a crowded theater. These platforms, the issue is not that they let everything fly they actually make lots of editing choices. Facebook will allow a male nipple but not a female one. Theyre all kinds of things where they make arbitrary choices to control your life. Then they pretend in the political arena that they want to let everything go by. I am sitting there saying hang on Public Safety is different than politics. You should not let anyone, especially the president , encourage violence. With these platforms allowing that to happen, they are essentially inviting change in the most important law that protects them. I am a big fan of that law, i like having safe harbor. I think you want to encourage platforms to be thoughtful about protecting Public Safety and the people who are disadvantaged, but thats not what they have done. They have treated it as an excuse to do absolutely nothing and i think that is irresponsible. In an oped,lled National Legislation so that you could sue for harm from an internet platform. I know youve been talking to folks in washington about this. What is the reaction from lawmakers . Roger emily, as we both know, three months ago, section 230 was the third rail of technology policy. Everybody understands it is really good for the entrepreneurial stimulating of innovation. But the largest internet left forms are allowing awful things to happen and allowing their platforms to undermine Public Health, democracy, and competition. Most directis the and rapid way of changing things. What i want to do is very specifically change incentives. I dont want to penalize them, i just wanted to say listen, if you are above a certain scale and using algorithms to amplify speech if you are treating some forms of speech better than others simply because it is good under those circumstances, you are subject to litigation if someone is harmed. Section 230 would apply to anything you do that is not amplified and section 230 would still provide protection if you could make a good argument there was no harm, but you have to give citizens some path to recover damages when they get harmed. It is not like there are five people getting harmed, there are millions of people getting harmed. More than 2 Million People have covid in the u. S. , that is a number so out of proportion to every other country, and that is because of the disinformation about a pandemic that has caused our response to it to be horrific. I look at this and i go, the country is paralyzed because internet platforms give disproportionate political power to extreme voices. That is a Business Choice on their part and think about this its like the Chemical Companies in the 1950s. They were the internet stocks of the time. Super high margins and superhigh growth because they could pour waste products anywhere. Mercury into freshwater. There was no penalty. Eventually the country said we are going to make the people who cause harm pay the price. Thats all i want to do. I want to say you are too important to the economy to be able to destroy it. So we are going to make you be the way chemical needs are, pharmaceutical companies are, the Building Trades are. You have to act responsibly or pay the cost. Emily roger, what is your take on chris cox, one of mark zuckers Mark Zuckerbergs top lieutenants, who left , nowse of the platform coming back in the middle of this in his old role . Roger ims confused as anyone about this. I dont know criswell. Chris well. K know that he was the zuc whisper and heir apparent. He left over would appear to be a matter of principle. The treatment of subsidiaries they had acquired. None of that was resolved, right . All of it continued down the path that was the one he objected to, yet he is coming back and he rbc has full information on what is going on. I really do not understand this. I am wondering let me put it this way, i cannot think of a good explanation that makes me feel better about what is going on. There may be one, but i cant think of it. Chris is a very capable person but he is also somebody who has historically amplified and helped implement the messages Mark Zuckerberg has created to drive facebook forward. He has been able to translate the vision into progress. By, i think those are still his best skills, so i dont see him coming into reform the company or change the Business Model. It looks more like hes coming into double down on what they do read they do well. That saddens me. Facebook is a great product and people love to use it. It doesnt need to do all of this harm. You were one of the first people, perhaps the first person to warn that facebook could essentially undermine the president ial election in 2016, before it happened. How concerned are you that facebook and social networks will undermine the election that we are about to have . Roger the answer is i am terrified. I am terrified because the was, with primary almost no journalistic investigation, significantly affected by disinformation. We already know there will be a ton because theres a lot going on right now. The president and his administration are untroubled by that. From a regulatory point of view, there is no pressure on the platforms to clean that up from anybody who has the power to actually do something. It is all coming from moral authority, the opposition party, journalists, and people like me. If i am facebook and i have just brought back chris cox, the reality is if facebook wanted to change direction and reform its Business Model, chris is the guy to do that. But why wouldnt they have said that was what their plan was he came back . So i am really terrified. You know, my biggest thing is to try to inoculate everybody, to explain that november 3, you have to vote. Get an absentee ballot, no vote and be prepared to stand in line. Everyone has to participate. There will be a ton of disinformation to convince you not to vote pay no attention to it. This is the one where we all have to show up. If you are an american, you have to vote. Vote for whomever you choose, but this is the year everybody has to vote. Emily speaking of inoculation, i have been speaking a headline just crossed that brazil is now second in covid19 death after the u. S. , passing the u. K. This is a big question, but what do you think the mark is going to be of this pandemic on Silicon Valley . You have been here for decades. We have seen companies laying off large chunks of the workforce, we have seen work habits change possibly forever. What is the mark, the legacy of covid19 going to be on silica valley . Roger emily, one of the things we should really congratulate Silicon Valley on is having been early. I think nationwide if you want to pick which Group Recognized the importance of social distancing first, it was the employers of Silicon Valley who were there roughly a week before the bay area counties went into lockdown. Apple and google and facebook, they all sent their employees home at least a week before that. That was incredibly positive. I think the really big question is whether coming out of this, coming off of the election, there will be significant regulation of the dominant players on the internet. If there is, that will unleash a massive wave of innovation. The Business Model these guys have really makes it hard for any new startup to get past a certain stage. Every once in a while one will sneak through, but it doesnt happen nearly often enough. If there is regulation, that would be fantastic for the entrepreneurial economy. If trump wins and things go on as they are, i think Silicon Valley will have a serious problem. The irony of this is the Better Things are for the biggest market cap companies, the harder it will be for the valley, and vice versa. I dont think we know the answer to the question. Thats why november 3 is important, and whether you like it or not, politics will have a huge impact on the investment opportunities. I look at the challenges and say if we started to pursue the opportunities to empower people, that would be huge. Right now, the last 10 years, all of the Business Models are predatory. Im talking about whether it is uber and lyft being predatory toward employees, or the kind of things that happen at an airbnb or wework or spotify relative to musical artists. The culture was about exploiting weakness and information. But it doesnt have to be that way. Technology has the ability to empower everybody. Going through the moment we are going through here, i believe there will be massive, pent up demand for a different model for the technology business, and that would be the coolest thing ever. The pieces are there but they have never been applied to empowering technology. At least not since the days of steve jobs, and the last 10 or 12 years have been all about exploitation. Emily the question remains, how does Silicon Valley and Tech Companies use that power . Roger, i could listen to you talk for hours. Think you for taking the time with us. Roger please stay well, stay well and thank you for including me. Your audience is the most sophisticated out there. We appreciate the opportunity. Emily thank you, roger. You help us make a great. Thank you so much for stopping by. Coming up, we will be talking about the markets. Markets rebounding after the biggest dip in three months. The big risks remain. This is bloomberg. Ubs is launching a new report on tech trends after covid19. Joining us to discuss is laura kane of ubs wealth management. Joining us on the phone. The big question is, what trends stay, what trends go, and what is the new normal when it comes to tech when we come out of the pandemic . What is your take on where the chips fall . Laura thanks again for having me on. As we get past covid19, we believe we will see Technological Forces play an outsized role in shaping the future economic landscape. In a lot of ways, covid19 has served as an important catalyst and pushing us quicker toward the tech economy we expected. I would highlight three key changes we expect to see. Livingwe will see increasingly digital lifestyles. As weve seen during the pandemic, everything from working and learning to shopping and entertainment have shifted to the digital realm. We think that trend will stick with us. During social distancing measures, we saw mobile app usage rise somewhere on the order of 20 30 depending of what region of the world you are in. The second trend i would highlight is we expect to see labor market disruption as new technologies unfold. Roughly 10 15 of jobs might be lost because of technology, new jobs will be created. New jobs wont necessarily be acquired by those that lost their jobs due to technology. There will be a Skills Mismatch. We believe this will require advances in Online Learning to help bridge that gap in skills we will see in the future. The third area i would highlight is more localized production. For decades, we have talked about globalization. We will see a reversal of that trend. We are seeing that advances in automation and robotics have made it costeffective to bring manufacturing closer to home and the pandemic has made it more attractive to do so. We think this trend of actually deglobalization will stick with us once we get past the virus. Bely net net, will there more jobs rather than less when we come out of it, or will we lose jobs . Laura i think there are certain lower skilled jobs that will be lost. We need to focus on how we will address the Skills Mismatch in the short term. We will have this labor market friction. Are we see a lot of promising opportunities in the Online Learning segment, which can increase accessibility and affordability of education. A lot of where we will see the job losses are in emerging markets, where we have a higher proportion of lower skilled labor. Education will be the key to helping to offset some of those losses and make sure workers have the skills that are needed for the jobs of the future. Laura kane ofht, ubs wealth management, thanks so much for joining us. We will be following that report as you continue to build it out. Coming, a former gruber executive uber executive who left in controversy speaks out, saying uber made a mistake moving the grubhub deal. That is next. This is bloomberg. Emily welcome back to bloomberg technology. Shares have plunged since announcing his plans to buy billion,or 7. 3 bringing the European FoodDelivery Company into the brutally competitive u. S. Market. Uber had been in talks to buy grub but it didnt happen. Emil michael said uber made a massive strategic failure and not trying to own u. S. Food delivery earlier. He joins us now in an exclusive interview. Good to have you back on bloomberg. You posted a lengthy tweet storm with very pointed criticism. How badly do you think uber needed this and at position is uber in now that made them get it . Well, uber needed it because what they missed really badly by letting go of their lead position in food delivery in 2018 and 2019. When i left uber in 2017, uber was ahead of doordash and everybody else in food delivery. That lead was lost in 2018 2019, which led to where they are today. They needed the grubhub asset to regain. That meant with doordash really double ubereats marketshare, that became problematic meaning that uber really has nowhere to go to get that lead position back in the u. S. Anymore. Emily doesnt uber have bigger problems right now . Ridership has plummeted as much as 80 . They have laid off large chunks of the company. There could be more layoffs to come. Even you acknowledge grubhub has antiquated technology. Why take on another potential problem . Emil i think the thing that makes me bullish about uber, we do think rides will come back and come back quickly. Here is why i think there will be a substitution from mass transit where theres lots of crowds into ubers. There might be some substitution from ubers and rideshare into private vehicles, where people want to not be around anyone. I do think there will be more substitutions for mass transit into ubers. Then where uber gets its strength, and this is the strength above and beyond lyft, is having a platform of having drivers that can both drive people, and food and potentially groceries and other thing. Thats where the platform get strong. If ubers Food Delivery Network is really strong and the Rideshare Network is really strong, that is the power of the platform. That with grubhub was a smart thing to do. Said in your tweet that moving this deal politely cause structural weakness in u. S. Food delivery for all players for years to come. The best outcome is to hope for a future merger with doordash. Ceo would become the ceo of the combined company. Why . Wh y not dara . Emil emil i said he would be the heir apparent. Meaning every company of ubers size has to do succession planning. I say that one of things that always stops mergers from happening is called social issues. Running the combined company. I think rumors had it with uber and doordash talked over the last couple of years of should they combine, one issue was who is going to run the company, who is going to run the Food Division and so on . Wereought was is if they to merge these two companies, the heir apparent, after dara decided to retire and i am sure that he wants to do that one day, that tony may look at running both parts of the business, the rideshare and the food delivery because he is a founder of that company and founders tend to do better over time especially. Emily ok, but the tech away is it sounds like you dont think uber is doing the right beings right now. It sounds like you are criticizing the way they are leading the company. Did i get the wrong impression . How do you think dara is doing . Emil i think hes done a lot of things really well. Thans he has done better what i and some of the management did before him. He has proven to be a great diplomat. He has been calm through the storm in a lot of ways. That we didnt do. I think he has done some very good things. On the other side, you have the stock price. The stock price is ultimately the ultimate measure of his value being added to the company. I think softbank when they invested, they invested about 33 a share. Today, the stock price is about 32 a share. The last time i sold stock through an investor was 47 a share. I think every shareholder, dara included, myself, want to get back to that and beyond. I think ultimately that will be the measure of if the team is successful. I want them to be successful more than anybody because i am still a large shareholder and have most of the shares i have ever held in uber still. Said, you leftt uber in a storm of controversy three years ago. I know you have admitted you have made some mistakes. There was the going to a strip club with employees. There was what some employees called a toxic culture created at the company. How do you reflect on that and what did you say to the folks who might be thinking why should we listen to you . People cannk that have their different views on the culture. There was a lot of Amazing Things that came out of uber. I think even dara has said no one who could have created the business we created in such a short timeframe with the ambition we did. There were a lot of things that was great about that. I think those things are things i dont want to apologize for the most but there were mistakes that we made. Counsel people not to make. Every business makes them. Look across the landscape and say what can any business do better and there are things to learn. In terms of why should anyone listen who do you listen to today except people who have succeeded and failed that certain things and have lessons to draw on those experiences . I mean, i was an acolyte of bill campbell, the 2 million coach. Some of the things he taught me were learned from the mistakes you made and learn from the successes and take those things forward. Thats what ive been doing and hopefully i can do that for other entrepreneurs as well. Emily do you think travis would be doing a better job than dara is if he was still the ceo . Doubti mean, theres no that had we gotten past the that iges in 2017 believe that Founder Led Companies that have a longterm perspective, that are run really by technical founders that have engineering mentalities end up doing better. I believe that and that is why i joined that company and partnered with him. Ill, one of the architects, said ideally you want the founders to go all the way. I think most people would say that would be the ideal outcome and the company would have been better off had we gotten to the troubles of that year. Emily you have been critical about how uber has handled the dealmaking process. You could have bought lyft. There was a time that could have happened. Was that a mistake . Emil that was a mistake, for sure. That is again another lesson i give to entrepreneurs who are in highly competitive environments. Sometimes when you are in a dogfight with another company and it might be the better answer will be to merge with that company and join forces than to tackle the market together. Had uber and lyft done that earlier, that would have been a really smart decision. I think anyone whos involved at the time, and we still talk about that, more stories of people involved at the time. To a person, that would have been the smart move. Emily a number of the places that you and travis took the company into another countries, these are markets uber has retreated from. I wonder if you moved too fast and if uber was never meant to be a big a company as you and travis thought it could be . And if thats just the way it is now . Emil its funny, you used the word retreat. I will pick that bone for a second, which is when you go into china and you end up owning 20 of didi or russia a new own 20 of taxi or Southeast Asia and you own 20 of grab. Together, the space of those Companies End up worth more than 15 billion. That retreat ends up being pretty worth it. Those stakes in those companies alone are worth more than lyfts entire market cap. I would say those ventures were completely worth it. Had we still been there running the company, we might have also been in grocery delivery. We probably still would have been leading in food delivery in the u. S. And lots of other things. I think the ambition that comes with being a Founder Led Company would have far extended where uber is today and the deals we did back then led a lot to value creation. Emily from a cultural perspective, a lot has changed. There is been a whole metoo movement. We are in the middle of this social crisis right now. Protesters in the streets. As you look back, what would you do differently if you could . Emil well, id say that uber in a lot of ways was on the front end of a lot of the social movements. In that in 2017 was the first year of the trump administration. A lot of activism had started during that year. In fact, part of the first crisis of that year was the capital which happened around the trump business council. This inadvertent minefield that uber stepped in. I think what you learn is that what not have learned in the last few years is that politics and business are more intertwined than they have ever been. There used to be a time they while ago where you can be a leader of a company and sort of focus really on whats happening in the business and business alone and not think about whats happening in the outside world and those days are over. That does not work. Secondarily, whats happening in the outside world in terms of being a part of the community, having a Diverse Workforce and you were thinking about adding to your community and being a part of lifting it up, every part of that community women, ofple of color those days not having that is in the those of your company are over. Any company today needs to be think about those issues in the beginning. That is the way of the world these days. Emily all right, emil michael, uber shareholder, former chief business officer. Thank you for stopping by. Emil thanks. Byebye. As people coming up, emerge from quarantine, bikes are playing essential roles in getting the workforce. Electric bikes are intimate. I will talk to the ceo of one company. This is bloomberg. Emily with covid19 cases surging in different parts of the world, social distancing may be here for the long haul. And socially distant commtiuting may be as well. Bikes, a powered Company Whose sales were up over 300 . The founder and ceo joins us now. As i understand it, you build your first ebike when you were in high school. Talk about what makes your bike different from the competition. Thanks so much for having me peter a huge fan of years and excited to speak with you today. You are right. I grew up building stuff and working on solar installations out of rural northern california. The company is not based in seattle. I started building ebikes, 15, 13 years later, we have a robust lineup of electric bikes. Some of the key differentiators has been our focus on research and development, supply chain leadership. It is our Business Model being first of its kind of pure play, direct to consumer model. What friends has the pandemic trends has the pandemic revealed for you and what of those trends do you believe stay as we get out of this . Pandemic isthe really proving that the bikes really are essential even to a wider audience of people. People that are going stir crazy or have more times on their hands or even craving opportunities to get outside. But i think it even bigger piece is peoples concern around using Public Transit and wanting a social distance mobility solution. Really on the backside of this thing, we see this as a light switch to flip that will not flip back. We are seeing really continued demand surge even as regions come back online and out of shutdown. Now, meantime, you have other Companies Like uber getting out of electric bikes and scooters and finding it is not very profitable. How does your model differ from that . Our mission as a business is around really offering an unrivaled Customer Experience that is about our bikes that are built for everything and price for everyone. In a moment this where you have a lot of new people entering a category, you want to things. One is a nice entry price. Number two is the distribution model, getting a bike to a customers doorstep which is how we distribute most of our products, direct the doorstep. That is the big piece for our business. People are kind of able to take back their own mobility rather than rely on a Service Provider that is a challenge during these times freedom it is hard to run a fleet of the bikes in a public space during a worldwide pandemic. What are you planning for through the end of the year . There was so much uncertainty. People are still working from home. When did you see a new burst into mint as things in demand as things start to normalize . Are theah, so, not only exponential sales we have experienced continuing, so it is causing us to look at our business and ensure we can build things more robust. Customer service team and even more robust diversified supply chain. We were already leading in that space as a key differentiator of our business. We are a first mover and heavy investment in the supply chain and customer service. Even with that initial investment, we are still seeing totally unexpected demand. Our response is really to ramp across the business to try to keep up. We feel very fortunate to be in that position versus what so Many Companies are facing right now. We are really proud and compelled to push hard right now because the people are speaking and we are listening, for sure. Emily meantime, bikes have been backordered for some time. Quickly, what are you doing to expand production more quickly . Off, weah, well, first frontloaded a lot of inventory ahead of chinese new year. Our bikes are built across a number of countries. So, we had a very diverse manufacturing partner supply chain coming into this. We were set up well but regardless, it was not of theent to take care numbers we have shared with you in the bloomberg piece. Over april. April that is a totally unprecedented surge in demand that has resulted in us going even wider. More diverse Manufacturing Group , minimizing the dependence on one region especially has been a big piece of it. Even transportation where even domestically, fedex, ups, carriers are at peak demand and you are seeing that across internet sales. We talk about the direct workers in the u. S. That are impacting the lives of older adults. Also, the health care broader ecosystem and the need for support. Is actually the enabler, the force that will help folks come into health care and be able to provide for the Health Care Needs of those who were impacted by covid. Developmentnline for direct care workers through our platform. 110,000e enabled workers already and have a commitment over the next few years to helping one Million People entering the health care space. Emily covid19 has taken a huge toll on nursing homes, on the elderly population. What more urgent needs are you seeing as a result of the pandemic . Helen before the pandemic, we already saw there was a huge shortage of direct care workers. Now the long and short of health care is increasingly inhome. First seeing a number of in the homecare space. Because so many have been impacted in nursing homes, families are starting to ask questions when is best to recover . It is worth mentioning that everyone can return at home but we can do a much better job as a country and making sure people can Access Health care. Aily we are not just facing Health Crisis but an economic and social crisis. A racism pandemic, if you will. As a black female founder, what are your thoughts on this . How have you been experiencing this . Helen homecare for many reasons, i have been a health care worker, educator, it is near and dear to my heart. I think just as covid has revealed that huge amounts of resources, as well as an accessibility of people of color who are suffering from covid as well as older adults, there lies the opportunity. I am building a Company Alongside our team of something that relates to my experiences. I think it is an opportunity for america to realize the great inequalities and the vast inaccessibility that that happens. Sector tounity in the imagine a future where we include more people of color, including myself as a founder of color, to create things that vastly impacts a lot of the inequalities we are seeing today. Challenge, a huge usual of clarity and a huge thertunity amidst covid and racial strife and injustice we are seeing. Emily the amount of Venture Capital funding that goes to black founders is minuscule. We have seen Venture Capitalist firms commit to fund more black founders, black communities. There has been controversy around this. We spoke to an investor who things black founders do not need a separate water fountain. Helen i agree. He is someone we follow quite readily because the exact same sentiment. It is worthwhile mentioning that careacademy was part of the deal flow of companies that has an orientation around Venture Capital to provide a return. Thinkfundamentally, i vcs to take a step back. Companies founded by the verse founders can have a huge impact on the country. Have 1000 large, we customers in the homecare industry. This company is run by two women of color. I agree that part of the larger thinking and the opportunity is to think big. That is the job of venture, the job of innovation to think big. I think they can think much bigger and probably in terms of how we create access for diverse founders. Emily part of my conversation there with helen, cofounder and ceo of careacademy. She talked about the trends that she is seeing across the homecare business in the midst of the pandemic which has created urgent need for Better Options for senior and elderly care. It is a company we will continue to follow. That does it for this friday edition of bloomberg technology. Im emily chang. Have a wonderful weekend, everyone. Wall street week is next. Stay tuned for that. This is bloomberg. [ sigh ] not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. 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I believe this opportunity and dreaming and having the possibility of realizing those dreams, that should be for every american. David contributors larry su