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Transcripts For BLOOMBERG Bloomberg Technology 20240714

Rating. Pivotal Research Calls the stocks first to our top story. Facebook has suspended tens of thousands of thirdparty apps that were using the companys developer tools as part of a review facebook started following the cambridge analytical privacy scandal. The number of suspended apps was at 400 in august of 2018. Facebook stated that not all of the apps were necessarily abusing or selling user data. Many were not live when they were suspended. I am joined by bloomberg out of d. C. And San Francisco. Is the fact they are closing down some of these apps showing facebook is finally doing enough . Its unclear if any of these apps were important or relevant. I do think it shows the followthrough. We are going to review all the stuff and take it seriously and see if we can find any apps that are violating these policies. They are actually going out in following through. I think ....

United States , France General , San Francisco , Tommy Devos , Jeff Bezos , Adam Newman , Bloomberg Taylor , Larry King , Larry Ellison , Goldman Sach , Facebook Zuckerberg , Bloomberg Caroline Hyde , Taylor Riggs , Tim Cook , Bloomberg Max , Research Calls , Mark Zuckerberg , Big Tech , Technology Framework , Important Message , Business Model , Facebook Twitter , Paris Agreement , Climate Change , Ceo Jeff Bezos , Carbon Neutral ,

Transcripts For BLOOMBERG Bloomberg Technology 20240714

The video streaming Platform Company sees its second sell rating. A pivotal reachers Pivotal Research calls the stocks first to our top story. Facebook has suspended tens of thousands of thirdparty apps that were using the companys developer tools as part of a review facebook started following the cambridge analytical privacy scandal. The number of suspended apps was at 400 in august of 2018. Facebook stated that not all of the apps were necessarily abusing or selling user data. Many were not live when they were suspended. I am joined by bloomberg out of d. C. And San Francisco. Fact they are closing down some of these apps showing facebook is finally doing enough . Its unclear if any of these apps were on were important or relevant. I do think it shows the followthrough. We are going to review all the stuff and take ....

United States , France General , Republic Of , San Francisco , Tommy Devos , Jeff Bezos , Adam Newman , Bloomberg Taylor , Larry Ellison , Bloomberg Caroline Hyde , Facebook Zuckerberg , Taylor Riggs , Tim Cook , Bloomberg Max , Platform Company , Company Sees , Pivotal Research , Research Calls , Mark Zuckerberg , Facebook Think , Big Tech , Technology Framework , Important Message , Business Model , Facebook Twitter , Paris Agreement ,

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240714

First, to our top story. Slack makes its public debut the at a direct listing on the new york stock exchange, opening 48 above its reference price. Valuing the software messenger at more than 20 billion, a big increase from the last private valuation. They raised money at a 70. 1 billion valuation. I caught up with slack right before shares began trading. At this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. The same thing will happen tomorrow and we are very much focused on the longterm. Emily you are still paying large fees to bankers. You raise a lot of money. So what problem are you really solving by doing a direct listing versus a traditional ipo . The first is there is no need to raise primary capital. We came into the process with 300 million on the balance sheet. Dilution to existing shareholders would have been tough. We did get a little more freedom with how we tell the story. Instead of only having a ro ....

New York , United States , Kuala Lumpur , Tel Aviv , District Of Columbia , Capitol Hill , Jerome Powell , Emily Chang , Sherrod Brown , Bloomberg Emily , Paul Allen , Jesse Michael Keenan , Sheryl Sandberg , Bob Swan , Bloomberg Paul , Jeffrey Katzenberg , Ahn Sophie , Tim Cook , Ellen Huet , Cash Flow , Revenue Growth , Jared Lehto , Never Forget , Investors Holding , Holding Feet , Building Internal ,

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240714

Slack makes its public debut the at a direct listing on the new york stock exchange, opening 48 above its reference price. Valuing the software messenger at more than 20 billion, a big increase from the last private valuation. 70. 1raised money at a billion dollar valuation. Slack rightwith before shares began trading. At this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. The same thing will happen tomorrow and we are very much focused on the longterm. You are still paying large fees to bankers. You raise a lot of money. So what problem are you really solving by doing a direct listing versus a traditional ipo . The first is there is no need to raise primary capital. We came into the process with 300 million on the balance sheet. Dilution to existing shareholders would have been tough. We did get a little more freedom with how we tell the story. Instead of only having a roadshow and private rooms with investors, we ....

New York , United States , District Of Columbia , Capitol Hill , Bloomberg Jonathan , Emily Chang , Sherrod Brown , Jesse Michael Keenan , Bloomberg Emily , Sheryl Sandberg , Bob Swan , Caroline Hyde , Jeffrey Katzenberg , Ellen Huet , Cash Flow , Revenue Growth , Jared Lehto , Never Forget , Investors Holding , Holding Feet , Building Internal , Tell Us , Global Economy , Analysts Say , Software Platform , Stewart Butterfield ,

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240714

First, to our top story. Slack makes its public debut the at a direct listing on the new york stock exchange, opening 48 above its reference price. Valuing the software messenger at more than 20 billion, a big increase from the last private valuation. They raised money at a 70. 1 7. 1 billion valuation. I caught up with slack right before shares began trading. At this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. The same thing will happen tomorrow and we are very much focused on the longterm. Emily you are still paying large fees to bankers. You raise a lot of money. So what problem are you really solving by doing a direct listing versus a traditional ipo . The first is there is no need to raise primary capital. We came into the process with 300 million on the balance sheet. Dilution to existing shareholders would have been tough. We did get a little more freedom with how we tell the story. Instead of only having ....

New York , United States , Tel Aviv , District Of Columbia , Capitol Hill , Emily Chang , Sherrod Brown , Jesse Michael Keenan , Bloomberg Emily , Bob Swan , Sheryl Sandberg , Tim Cook , Jeffrey Katzenberg , Ellen Huet , Cash Flow , Revenue Growth , Jared Lehto , Never Forget , Investors Holding , Holding Feet , Building Internal , Tell Us , Global Economy , New Way , Analysts Say , Software Platform ,