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Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

In the latest Earnings Report . Details ahead. And twitter mrs. Thirdquarter revenue estimates. We find out why new user growth did not translate into ad sales. Facebook dominated of the week in tech with Mark Zuckerberg defending his social network before congress on wednesday. What was scheduled as a hearing on the Cryptocurrency Libra also included issues like antitrust and privacy. Is in a currency . Are you a bank . What is this association . It is a very complex project. And as you say, it is risky. Do you consider libra to be money . I consider to be a payment system. Its like me having my money in wells fargo bank. You could think about it that way. The we are not a bank or applying for a bank charter. That is the problem. Thats what were facing. We are not going to launch the system here or anywhere else around the world until we get approval from relevant egulators. The american competitiveness angle and cognition with china is a National Security issue. In china, especially

Transcripts For BLOOMBERG Bloomberg Technology 20240713

From that period. And tesla owners, they are talking in part two of a bloomberg expansive study, thousands of model three owners. We examine whether parts and services are up to parts. Twitter announces it will stop all political ads on their platform, with the ceo saying its not about free speech. Its about paying for reach. That sentiment wasnt echoed by facebook as they reported earnings and reassured their stance when it comes to political ads. Facebook Ceo Mark Zuckerberg stayed on brand during the Earnings Call. Mr. Zuckerberg i expect this will be a very tough year. We try to do what we think is right, but were not going to get everything right. This is complex stuff. Anyone who says the answers are simple hasnt thought long enough about the nuances and challenges. I get that some people are going to disagree with our decisions. I get that they may have a negative impact on things they really care about. But i dont think that anyone can say that were not doing what we believe or

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

In the delivery payoff latest Earnings Report . Thirdquarterssed revenue estimates. Why Revenue Growth did not translate into ad sales. Facebook dominated the week with Ceo Mark Zuckerberg defending his social network before u. S. Congress on wednesday. Scheduled included a huge antitrust and privacy. What is this association. Its a complex project. Do you consider libra to be money . I consider it a Payment System. Its like me having my money in Wells Fargo Bank . You could think about it that way. We are not applying for a bank charter. That is the problem. Facing mywe are commitment is we are not going to launch the libra Payment System until we get the approval from federal regulators. Cooks the competition with china is a National Security issue. In china especially. They kicked off their Publicprivate Partnership in systemo raise to build a like this quickly. Will it be possible to conduct anonymous transactions . It is an open question. Its pretty hard to stop anonymous trading.

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

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

Did the ecommerce giants 800 Million Investment into one day delivery pay off in the latest Earnings Report . Details, ahead. And twitter misses thirdquarter revenue estimates. We find out why new user growth did not translate into ad sales. Facebook dominated the week in tech with Ceo Mark Zuckerberg defending his social network before u. S. Congress on wednesday. What was scheduled as a hearing on the Cryptocurrency Libra also included issues like antitrust and privacy. Is it a currency . Are you a bank . What is this association . It is a very complex project. And as you say, it is risky. Do you consider libra to be money . I consider libra to be a Payment System. So its like me having my money in wells fargo bank. You could think about it that way. Although, the we are not a bank, we are not applying for a bank charter. But that is the problem. That is the problem. Thats what were facing here. We are not going to launch the libra Payment System here or anywhere else around the worl

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