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tv   Bloomberg Technology  Bloomberg  October 27, 2020 5:00pm-6:01pm EDT

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a kohler walk-in bath provides independence with peace of mind. ask about saving up to $1,500 on your installation. virtual appointments now available. ♪ chang in sanily francisco and this is "bloomberg technology." microsoft beat estimates on first quarter revenue and earnings per share but it is a chipmaker that buoys tech stocks today. -- $35 billion takeover. plus, facebook's mark zuckerberg, twitter's jack
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dorsey, and alphabet's sundar pichai, are set to testify virtually tomorrow. section 230hange could have long-term ramifications on free speech on the internet. banned news political ads. we will ask cambridge analytica whistleblower as part of our special electioneering series. first, let's get a read on stocks and microsoft results. abigail doolittle with us from new york. big beats out of the gate. abigail: in the after hours, they are trading higher. although i think what we are about to look at could be all over the map at the moment. they are talking about the idea that further lockdowns could
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hurt demands. their cloud business was weak. microsoft cloud business very strong. that was a piece of the beat. maybe part of the business that could have gone to microsoft. again, after hours, this stock is trading higher on the year. valuation is rich, but the theter is good enough that stock is doing just fine. the s&p 500 index and the dow down once again. the nasdaq climbed sharply higher. twitter, facebook, alphabet, and amazon, big days out of all of them. tomorrow, jack dorsey of twitter, mark zuckerberg of ofebook, and cinder pichai alphabet testifying before congress. as you are talking about, these three ceos are expected to defend section 230, which gives
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these companies protections around free speech so they will be somewhat legally protected in the case of content. amazon up 2.5%. that one doing well again after a slide during the prime event. thursday, all eyes will be watching. getting mixed reasons in terms of what is ahead for tech. sap, not so much. it seems that we will be moving into the baskets of the haves and have-nots. we will know on thursday. emily: tech shares in a bubble, wondering which tech shares in particular. buyingthe company xilinx.
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amd thehis will give ability to -- abigail: the whole day, investors responded well relative to xilinx. the response earlier was much more exuberant. the shares in the premarket, a. in the close, up 8.5%, which is great. you mentioned, they are buying amd buying, xilinx, them in an all stock deal. that is a 23% premium from monday's close. that suggests there could be more chapters ahead. maybe they think another competitor could come in, intel, and offer more. that is a pretty decent premium. really important about this deal beyond the fact that it could help amd strengthen up against intel, it tells you that the ceo of amd feels that the environment is healthy enough to
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make this kind of a big deal. that is certainly a vote of confidence in terms of the environment. definitely another big move by the ceo of amd. abigail, thank you so much for those updates. for more on the markets, i want to start by taking a closer look at microsoft. again, topping estimates on booming cloud demand. we are joined by dan newman. dan, you heard abigail's assessment. are we seeing a further divergence of the tech have this and have -- the tech haves and have nots? >> microsoft is showing a lot of strength. result,a.p.'s troubling although i thought it was overblown, the reaction, it was great to see microsoft come across with such a strong beat. i think everyone was keeping an eye on the cloud business and
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the surface business. e business grew 48%. the productivity business did really well. 11% overall. the crm business, which competes with sap, saw 38% in the cloud. i was great. of course, the surface growth, that was really big beat for microsoft. emily: how do you read this in the context of s.a.p.'s ceo warning about a slowdown into the first half of next year when so many thought tech was only going to go up and up. >> i think there are challenges and haveou have haves nots across different industries. digital technology has been accelerated as a result of covid-19. customers need to be able to
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reach companies through technology. crm, erp. that means expanded partnerships in operational tech, traditional tech. microsoft made a big announcement with honeywell, to get into the industrial data play. companies that have done well or been able to stabilize it realize that tech investments will be critical coming out of this pandemic more successful and ready to do business. makingmeanwhile, amd this acquisition of xilinx, a company that makes programmable gate arrays. this will give the ceo more of the parts that she needs to further take intel's market share. we listened to the call earlier. takei listen to what she had to say. >> people look at our businesses as complementary.
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they are complementary from a product and market standpoint. but we have these important intersections around the data center focus and around the technology sort of strategy. emily: daniel, how big a deal is this, and what will the impact be? combinedhis brings the over $200 billion. intel is over $300 billion. but, a.m. he continues to be able to tout that they are taking market share in the compute and data center. this adds capabilities in data center, high-performance, and gives the company strength in communications, which is big around 5g and automotive's. i thought it was really great to see that they were going to ,ncorporate the ceo of xilinx
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keeping him involved in the strategic plans moving forward. it does diversify the company. there are certainly some risks associated as well. emily: you also cover google. we will take a look at alphabet ceo cinder pichai's testimony he is set to give on capitol hill tomorrow. we have this big antitrust suit hanging over google. they are reporting earnings later this week. how big a risk is regulation? >> i think everybody's eyes are on that doj anticompetitive suit. it will be hard for the company to argue that it does not have some type of anticompetitive practices antimonopoly over that search space. that will be the challenge for google. has rallied the last couple of days. the stock was up. what i am really looking at is
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google's cloud business. that is the complementary or diversification strategy of the company. this is an area where the company does not have a monopoly. you saw azure grow 48%. you saw aws continue. the google cloud revenue, they are estimating about $3.3 billion this quarter. it would really be important for the company to see growth on par with microsoft. aslly, solidifying itself that third player. emily: ok. we will be all over google's results later this week, following sundar pichai's testimony tomorrow. meantime, airbnb is one step closer to its widely anticipated ipo. the company says it will list
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shares on the nasdaq. they say they will be to raise as much as we billion dollars in the ipo. in august, the company said it had filed for the offering confidentially. coming up, a look at what the chiefs of facebook and twitter will be saying at a wednesday hearing before congress. all the details, next. and, reports tonight from the u.s. elections project indicate that early voting has had more than 50% of all u.s. ballots cast in 2016. we will talk about this unprecedented election with just seven days to go and social media's role in it with cambridge analytica whistleblower brittany kaiser. this is bloomberg. ♪
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twitter ceo jack dorsey and facebook ceo mark zuckerberg are preparing to defend legal protections granted to tech companies, also known as section 230, tomorrow. they will appear with google's sundar pichai. bloomberg has obtained the prepared remarks. joining us to discuss, kurt wagner. we have seen testimony of all three ceos. let's focus on zuckerberg and dorsey. all of them defending section 230 and warning that big changes could lead to big changes on free speech for the internet. you would expect, all three ceos, but certain zuckerberg and dorsey, are planning to make the pitch tomorrow. if they were peeled of section 230 were to go through -- if a
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repeal of section 230 were to go through, suddenly they would lose that legal protection, they would be liable for the things that people post. as a result, they would have to be more cautious about what people post. this whole argument depends on the idea that publicans are feeling that too much is coming down and now these companies will try to counter this argument and say, repealing this will do the exact opposite of what you want. quotes fromng some their prepared remarks, dorsey saying that we should be mindful that repealing section 230 will result in far more removal of online speech and create severe limitations on our ability to remove harmful content online. zuckerberg saying something similar and reiterating his calls for regulation.
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what do you make of that? kurt: i think it would be foolish for these ceos to show up and basically say, everything is working really great, certainly don't go out of your way to make some changes. that will immediately make it look like they are not taking this seriously. what they are trying to do i would imagine is trying to thread this needle. here are all the reasons why we don't think this should be repealed. but, we get your point. we understand this is not a perfect system. as a result, we are willing to make tweaks so long as we don't lose the important protections to kind of help the internet work. i think what they are trying to do is basically offer a bit of an olive branch, say, i see where you are coming from, how
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can we work with you to basically make this better? from: we are seven days election day and as of this newing, facebook stocks -- political ads. has facebook taken any additional action on the ad front as we move to election day? kurt: not yet. but, you cannot put new ads up on facebook. you can continue to promote ads that were already in the system. what we saw yesterday was the trump campaign in particular starting to kind of add a bunch of different promotions into the system that it looks like they are planning to use in the run-up to the election. there are some that say, election day is today. they uploaded that yesterday. clearly, they are hoping that they can keep that in the system and re-promote it next week.
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the question, is that allowed? will the company actually step in and say, you can't do this. clearly, a lot of people are asking about it. i would not be shocked if we heard something from them in the next when he four hours. 24 hours. emily: interesting. that could gog, live at any moment. we will continue to get updates from you i know throughout the week. coming up, the software industry boom over thea last year. one company, what they are doing to take on salesforce and adobe, next. this is bloomberg. ♪
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out with earnings after
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the bell, beating revenue estimates and providing some hope for investors that the expansion strategy might pay off. the stock is up nearly 200% year to date. the company announced a $3.2 billion acquisition with segment in an effort to better compete with salesforce and adobe. the cfo joining us now. thank you for stopping by. s.a.p. results because date being share yesterday, yet twilio reported revenue growing. this that mean they are seeing an sap problem or is there weakness across the broader industry? >> i can't really comment on s.a.p., but we feel great about the last quarter. broad-based strength across the board. we feel really good about our guide. we had investor day on october 1
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in which we said, over the next four years, each of those years, we would turn in 30% plus revenue growth. we feel really good about the growth prospects. what about, let's say, postelection into january, knowing that the only thing we know for sure is that the pandemic will still be with us, no matter who is in office? >> i think we are seeing is that there been some secular tailwinds. in the health care industry, that has been one of those that has long-sought to digitally transform. with the pandemic -- you would not have wanted it to happen this way -- but it gave the industry the impetus to really get going on that transformation. you look at some of the customers we have signed up. with philips, we are actually able to create a solution for our customer and consumers
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whereby if you are an individual who needs to make a hospital appointment, you can pull up to a hospital, interact via sms, you can wait in your car until you are called for an examination, then only have to come up to the hospital room one you are called upon. that was the kind of interaction that was impossible pre-covid. it is one of those industries that we think has long-term resiliency. there are others like that in e-commerce and financial services. emily: sequentially, when you look at your revenue growth rate, it has declined in four of the last five quarters. he pledged to grow revenue in the midterm 30%. will acquisition be playing more of a role? >> when we provided the guidance around 30%-plus for each of the next four years, that was on organic only basis. the segment which we are
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certainly excited about, that was not factored into the financial guidance at the time. we do think that can act as an accelerant in terms of some of the things we aim to do around customer engagement. but we feel great about the prospect and we think that will be additive once we close that transaction. emily: what is the argument to customers who do not already use segment about why they should go with twilio and what you offer versus salesforce or adobe? the reality is that you do have overlapping technology. >> i think there are two dynamics. if you consider twilio, we grew up as a cloud communications company and we have been moving rapidly towards customer engagement. we have a number of communications channels that customers can avail themselves of and be able to engage with consumers. the problem is one of the gaps in that strategy is having the
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data, being able to access the data through all the disparate systems. are comes segment which has flaw -- has a phenomenal solution. they are able to break down all of the silos that exist inside of a company. we are now able to marry the insights from that information, couple it with the engagement experience that we bring, and now can reach our customers and help them reach their consumers in a tailored, targeted way that also drives high roi for our customers. emily: you have had two big acquisitions in the last couple of years. what are the white spaces? where do you want to see twilio grow, and will there be more acquisitions in the future? >> we are not ruling it out. we have what we would characterize as a strong balance sheet.
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we are certainly going to be opportunistic. we maintain a really active gameboard. a few years back, as you alluded to, a bigger acquisition that helped us expand into an additional channel, give us some more breadth. i think segment is a little bit different. we are constantly on the lookout for different assets in artificial intelligence, machine learning, that we think can be additive to flex. we also think there are additional things we can do in marketing. it remains to be seen what we end up doing but we certainly have very active. ofly: all right, the cfo twilio. we will keep our eyes on the company. coming up, as the u.s. braces for one of the most critical elections just a week away, google turns to a familiar
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partner to ensure the public gets the most accurate election results. more on that next. this is bloomberg. ♪
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emily: this is "bloomberg technology." i'm emily chang. google said it is teaming up with the associated press to provide accurate election results on november 3. similar to previous elections. bloomberg'sor more, mark bergen who covers the company for us. similar but different. talk to us about how google is working with the ap. mark: yes, the difference will be on google search results. it will be a widget that displays on your phone. similar through the electoral
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maps you would see at 530 that shows the live results. google is doing that for different state and local races as well. so this is sort of -- this will appear above any news results as that is.he traditional a big change from the last election. emily: what about when it comes to youtube? you were a talk -- you reported that the trump campaign had bought the youtube masthead on election day. we have seen facebook make some pretty dramatic moves when it comes to political advertising. they are not accepting any new political ads for the next week. how is google at youtube planning to handle all of this? mark: so far, youtube and google why is turning off ads when the polls close, is the latest they have said. they will not be accepting or showing new ads. the report both before -- the
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report before, we are expecting the trump page to have the homepage on top of youtube. there will be searches like if you search for election results on youtube, and youtube is still the second-biggest search engine behind google, they will display a similar link to the election panel i talked about earlier. the idea is, and really interesting, youtube said they will put up a message that says results may not be final, which is the very likely outcome. because of mail-in voting, we will not have a clear election result. emily: now, when it comes to election misinformation, while there are so many kinds, there is the new york post story which was totally unsubstantiated that facebook and twitter took action on google -- took action on, google has stayed out of the spotlight. how has google been hamlet -- been handling election misinformation? mark: they have stayed out of
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the part -- out of the spotlight because google news, they have the list of approved publishers. they capped that. they posted a new york post story with the google news results, they kept it on youtube as well. they rat -- the rationale for the company as it does not go as viral in the same way that can be shared on facebook or other. they put in a lot of new policy updates, especially with youtube, with raising authoritative news results that you will see more accounts, from everything from cnn, to fox news, to bloomberg tv that will appear at the top of any election related results. they have also, like facebook, they said they will pull down anything related to qanon. they said they will pull down anything that incites violence. they have not answered any questions about what happens if a candidate says any youtube video that they have won an
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election when the results are not finalized. a person wille, be testifying before congress tomorrow about section 230. google also has earnings later this week. we did said -- we did get some of send our's prepared remarks. saying our ability to provide access to a range of information is only possible because of existing legal frameworks like section 230. it protects the freedom to create and share content while supporting the ability of services of all sizes to responsibly address harmful content. how do you imagine he will position google vis-a-vis facebook and twitter given that zuckerberg and dorsey are testifying, but google is a different platform? mark: i'm certain he will stay as far away from the new york post. i think you can see it in his prepared remarks, clearly coming out in support of section 230 and not a repeal would be
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careful about it. i think they will talk a lot about how, and he mentioned this in his prepared remarks, about how google and youtube do everything without political bias. the company has been accused of having political bias in search results. in youtube, in the videos they show and takedown. he repeated those mantras over and over again. at the same time, arguing the importance -- the company sees in section 230 as being foundational in the way the internet works. emily: all right, so much to follow tomorrow. we will of course be watching the testimony from capitol hill. mark bergen, thank you so much for your analysis. coming up, continued policy changes for political ads on facebook.
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is the company doing enough? our conversation with the cambridge analytica whistleblower, who owns the own your own data foundation. she will be with us next. this is bloomberg. ♪
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we are just a week away from the u.s. presidential election. social media platforms are updating policies, taking down ads related to the election. the latest coming from facebook which says politicians that claim victory prematurely are against company policy. the company stock accepting all new political ads this morning but will allow advertisers to promote ads that have been previously uploaded into the system. joining us to talk about the
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latest policy changes and whether there are enough is brittany kaiser, whistleblower of the cambridge analytica facebook scandal and cofounder of the own your own data foundation. you have learned a lot about your journey from cambridge analytica two now. election, into this it is seven days away. what are the biggest issues on your mind and the concerns that remain? brittany: one of the biggest issues that i'm thinking about moment to moment is that right now, we are in a bit of a legal quandary. which is that when inappropriate content is put onto facebook, we right now are not able to hold either of the content producer, the individual who has the account on facebook, nor the platform itself responsible. we need to figure out whether we are going to regulate platforms publishers, and therefore hold them liable for what they are publishing, or we need to have identity checks so that when inappropriate content
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is loaded onto facebook, that we can actually find out who the author of that content is and hold the individuals responsible. right now, we don't have the ability to do either one of those. emily: just in the last few minutes, facebook has confirmed they have taken down some more ads tied to the trump campaign. calling on voters to vote today. facebook telling us in a statement, as we made clear in our public campaigns, we prohibit ads that say vote today without context or clarity. this is in addition to stopping new political ads, to cracking down on things like qanon, and holocaust denials, and registering 4.4 million voters. do you think facebook has done enough as the election approaches? especially given what happened in 2016. brittany: i definitely don't think they have done enough. late.too little, too
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but obviously this problem -- this problem is back. every little bit does count. the main problem right now is that facebook is deciding to censor dirt -- censor certain content or flag certain content as inappropriate or against their particular policies. and instead, we are only having a couple thousand people that are making these decisions for billions of people around the world. facebook needs to make a bigger investment on the amount of staff in the amount of technology in the amount of funding that they are putting into protecting our users. especially in controversial election years. we still don't have transparency on what data is being used about us, how we are being targeted, and whether or not something is disinformation. whether or notre a particular ad is being shown to us for a reason that we
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belong to a particular group. we have a certain racial demographic, and that is one of the biggest problems because we are very susceptible these days when we spend nearly all waking hours on our devices. much more susceptible to this targeting than we ever have been before. emily: there is a lot of misinformation that is still allowed on facebook and twitter, despite the rules. i wonder if there is a certain considered ok misinformation that you actually think is the most dangerous or harmful? brittany: i think some of the most dangerous content that is proliferating across facebook, twitter, and other platforms in the lead up to the election, is targeted content that is meant to suppress the vote. either content that is meant to incite fear, content that is targeted at certain demographic groups, specifically because that is meant to lower their
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interest in participating in the political process, or lower their actual belief in democracy and the validity of their actual vote. this is some of the issues that we are coming across, because we do not have that transparency into, who is putting this content out why they are targeting it at a particular person. and we do not have the digital literacy, the education as individuals, to be able to spot fake news and disinformation. and specifically, that is why my own your data foundation is teaching digital literacy across the board. because until we actually know and can spot this type of content and protect ourselves, we are going to be waiting for these platforms to become self-regulating, while we slowly work with the new congress we have after november 4 to figure out if we can actually get federal data protection legislation and regulation of platforms through. emily: now, speaking of voter
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suppression, we just got some early voting numbers from the u.s. elections project. they are saying that early voting has hit 50.2% of total ballots cast in 2016. already, just a week away from the election, more than half of people who voted in 20 have already cast their ballots. you have been crisscrossing the country, you have been talking to lawmakers, you have got some new folks on the ballot. do you think that lawmakers and the folks who stand to win on november 3 really understand technology and the issues surrounding data that are so important to you? brittany: that is one of my biggest problems with the choices we've been given in the selection. is that neither of the two main party candidates actually had technology policy in their platform. it was only about two months ago even that i started to see a facebook policy in their
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platform, but not wider technology. and i really believe that we need to be able to protect innovation and entrepreneurship in this country, to be able to rebuild our economy after this pandemic shut down. but we also need to figure out exactly how we are going to regulate these technologies so that although we allow our economy to regrow and we allow entrepreneurs to innovate, to solve a lot of our biggest problems, we are still able to protect our citizens, we are able to protect users on some of the most popular platforms in this country. and right now, we are not anywhere close to national data protection legislation or real national regulation of these platforms. as i said in the beginning of conversation, i think we really need to determine whether we are going to hold platforms accountable, where we are going to hold the individuals that publish on these platforms accountable. we need to choose either or --
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either/or an regulate. emily: all right. seven days to go. brittany kaiser, and know you are probably going to be heading a few more states before then. cofounder of the own your own foundation data. thank you for joining us. in a global race for a covid vaccine, a key antibody study by eli lilly is shutting down. the conversation with a chair and ceo on why his firm. . is still confident this is bloomberg. ♪ is is bloomberg. ♪
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federal researchers are ending the trial of an experimental therapy by eli lilly. bloomberg caught up with lily ceo dave ricks about the decision to end the trial and when we can expect key data on the effectiveness of a covid vaccine. take a listen. dave: our business, we need data. i don't think it makes sense to guess which would be the most
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effective. the good news is we will know that and we will know that pretty soon. the early ones, as you pointed mrna, a new technology that has never produced a human vaccine but looks pretty promising in terms of the ability to generate our own antibody response. that is a good sign for defeating the virus or preventing infection spread. we don't know how long that will last. there is other approaches that have produced vaccines, modified virus, taking different viruses and mounting elements of the covid virus on them. proven, they more are a little harder to scale. but they also may produce a good response. mostly, i'm confident because we have so many shots on goal. really an unprecedented number so quickly. so i think science will win in the end, it is just hard to pick a winner at this point in the horse race. tom: that is a soccer -- but is a hockey phrase, not a soccer
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phrase. >> you don't know what dave meant. i'm going to interpret it as a soccer phrase. it still makes sense. you mentioned the word scale. i want to return to antibody therapies. please help me understand how difficult it is to scale something up quickly in large amounts as soon as you get the green light. difficult. it is because it is so difficult, we started commercial manufacturing in the first weekend in july. we had to basically aim at a target that had not arrived at its point yet. we did not know then it -- the dose. we didn't know whether the drug would work. yesterday, we announced a study we had been conducting. we are going to pause because it is in a later stage of the disease, where these antibodies will not be as effective. the early stage of the disease looks highly effective. we started that process. it is about four months from beginning to end, best case to
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start manufacturing and have output. on top of all of that, the global infrastructure to make monoclonal antibodies, which are some of the most complicated and expensive types of medicines to make, is limited. we have harnessed five different sites within our network, collaborating with a large contract manufacturer owned by samsung, actually, in korea, to sequester a significant amount of volume. even then, we know it will not be enough based on all of the affection rates. we need to work on lower doses and concentrating these important therapies where they can make the biggest impact. for us right now, we think that is high risk patients right as they are diagnosed. >> there is also a question of profitability. your latest earning report which just came outside you expect to spend $400 million on covid therapy is exploring what could potentially work. there is a cap to whatever you can charge for these remedies because there is a public health need and benefit right now.
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how profitable can these therapies actually be based on the human interest here? dave: today, we announced earnings, that is a good point. which showed another solid quarter. we grew profit amidst at this pandemic we are in. i think it shows the resilience of a company like ours. as we think about pricing and access, our first priority is patients pay nothing. we know if there is an out-of-pocket cost, that economics will start to differentiate who gets the drug, and we think a health status should be the only factor considered. we are working with governments to procure and sell our medicines and distribute within their markets. in terms of pricing, what we are thinking about carefully is to create a price that immediately creates value, not just for us, but for the system. meaning it saves money direct cost very quickly. and we demonstrated we can reduce hospitalization risk in high-risk patients between 70% 80%.
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in the u.s., hospitalization stay for covid is about $22,000 per person. there is ample room to share that value assuming the drug is approved. we are working on the exact price. it will not be as profitable as other products. we expect to have a modest return for shareholders based on our modeling today. emily: eli lilly chair and ceo dave ricks there. to capitol the ceos of google, facebook, and twitter set to appear before a senate panel tomorrow on social media and tech role in moderating speech online. we have received a prepared testimony for mark zuckerberg, jack dorsey, and sundar pichai. i want to bring in bloomberg's ben brody who covers tech lobbying on the hill for us. so what is the run-up show tomorrow? how long will this go? what time do we start? ben: we start here at 10:00 a.m. eastern. sue pretty early for you guys on
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the west coast. the person i'm talking to say they expect multiple rounds of questioning. we are getting used to how these herrings work. when you have these big ceos, although lawmakers show up and they take all their time. one round of questioning could be one or two hours. it could really be kind of a long deal for us. emily: we are also seven days away from the election. how does that up the ante and potentially increase the political fireworks we can expect to see? ben: i expect a lot of political talk during this particular hearing. a lot of what these folks have talked about, zuckerberg and and dorsey, they have said in their hearings is that republicans are upping the pressure on the companies over there allegations that there is anti-conservative bias, that the companies are trying to help biden.
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that sort of thing is going to be really kind of strapped to a firework and going high on all of this. because as you said, we are going to be six days out by tomorrow. everyone is a little tense in d.c. i think that is going to come through and i think you will have democrats coming on the other side, wanting to change the conversation but also wanting to defend the companies and try to say that they are allowed to take down whatever content they want. emily: based on the prepared testimonies we have seen, how do you expect the ceos to present their cases? how do you think that will be received? key issue when these companies come in and they talk about section 230, is they say that it really protects them taking down the most vital content. that if you want everything from election misinformation to threats of violence, to just horrible depictions of violence taken down, illegal drug sales,
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you need to basically protect section 230. they are going to talk about how it protect small businesses, how it protects free speech online. this is an argument that i think just does not necessarily work on capitol hill anymore. lawmakers feel that we have had the status quo since 1996 and they just see too many holes. it is not bipartisan agreement necessarily on the big sexy issues of what those problems are. but there are smaller things like wanting companies to be transparent. that is sort of a bipartisan issue. kind of a small thing. interestingly, mark zuckerberg and his prepared testimony talked about that being a place where they could see changes on section 230. the other companies are not necessarily going there. we could see a brewing fight. emily: interesting. you will be watching as will be. bloomberg's ben brody for us in washington. thank you so much for that analysis.
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that does it for this edition of "bloomberg technology." i'm emily chang in san francisco. bloomberg daybreak australia is coming up next. this is bloomberg. ♪ bloomberg. ♪
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paul: welcome to "daybreak: australia." i'm paul allen and sidney. we are counting down to asia's major market opens. shery: good evening from bloomberg world headquarters in new york. i'm shery ahn. paul: top stories is our. tech clips wall street as amd announces a $35 billion takeover . it was not enough to stop the s&p 500 dropping for a second straight day. four stocks


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