power but without a clear majority. global news 24 hours a day. i am alisa parenti. this is bloomberg. bloomberg technology is next. emily: i am emily chang and this is bloomberg technology. coming up, tech stocks nosedive dragging the nasdaq to its lowest levels this year. we will map the sudden selloff and #. theresa may s gambit. to the prime minister s move gain a greater majority backfired and the potential impact on her brexit agenda. potential miss on the upcoming data revolution. why the latest iphone may not satisfy customers needs for speed. after seeing massive gains this year, big tech stocks came crashing back down posting the biggest losses in months. shares of apple, microsoft, amazon, and facebook are some of the biggest decliners of the day. mike regan joins us from new york. what exactly happened? as you mentioned, tech has been on a tear this year. depending on how you look it, tech stocks on the s&p 500 or nasdaq 100 either up more than 20% comi
the house intelligence committee is demanding copies, if they exist, of white house tapes of conversations between president trump and james comey. it also wants notes and memos of his discussions with the president. the state department says the united states respects the decision of british voters in the general election and look forward to continuing to work with prime minister theresa may. thursday s election results returned may s conservatives to power but without a clear majority. global news 24 hours a day. i am alisa parenti. this is bloomberg. bloomberg technology is next. emily: i am emily chang and this is bloomberg technology. coming up, tech stocks nosedive dragging the nasdaq to its lowest levels this year. we will map the sudden selloff. theresa may s gambit. how the prime minister s move to gain a greater majority backfired and the potential impact on her brexit agenda. apple s potential miss on the upcoming data revolution. why the latest iphone may no
some time. we have sarah, who covers twitter. also an early twitter investor. also jim moore, the former cfo of yahoo!. we are still digesting this news. but george, what is your reaction? george: oh my god. emily: oh my god rightis right. you were in the company that evan founded. george: noah founded it and evan become the ceo. jack then became the ceo. then evan reluctantly became the ceo. it has been profiled in a couple books. this is a company of rotating ceos. i am not surprised,, they stumble the exits based on all of the exits of others before. based on the people who have exited, there was no other choice to go about to find the new ceo. sarah: i think what we should not be surprised by is the founder. the founder has increasingly had to get involved with twitter over the past year. the founders, evan and jack have been to what is called tee time into the twitter s offices. listen to, we believe listen to him, we believe in vision. they have been trying to insti
investors have been calling for his head for quite some time. joining me, we have sarah frier who covers twitter. we are sort of digesting this news. george, what is your reaction? george: oh, my god. i was in the previous investment company that became twitter. no actually founded the company and evan reluctantly became the ceo. when it became twitter evan was the ceo and then jack became the ceo and then alan became reluctantly the ceo. this has been a company rotating ceos. so i m not surprised, based on the exits of all the other vps before. there was no other choice to go but to find a new ceo. maybe they thought we should just handle this on our own after a while. my question, is it dick s decision if they are bringing an interim. family: i just asked dick costolo if he had the support of the board. let s take a listen to what he had to say about being a leader. mr. costello: the challenge that we have, the distance between the awareness of twitter and engagement on twi
sarah frier, who covers twitter is with us. option.com ceo, former cfo of yahoo!, tim morris we are digesting this news. what is your reaction? tim morse: oh, my god. i was an investor in the previous company which became twitter. emily: that is the company that evan founded. tim morse: noah founded the company and evan reluctantly became the ceo and when it became twitter, evan was the ceo and then jack became the ceo and then evan reluctantly became the ceo. it has been profiled in a couple books. this has been the company of rotating ceos. emily: right. tim morse: i m not surprised, based on the exits of vps before, there is a joke known as the four-envelope joke, but based on the people who have exited, there was no other choice to go about to find a new ceo. emily: i m not surprised it s not added, e d, anyone else? robin chase: what we should not be surprised by is that it is the founder. the founder having recently had to get involved in dispensing twitter over the