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be especially damaging to the middle class. >> the commercial war is not consistent with our mission, with our history, with our current commitments of global security. at the end of the day, it will be increasing prices. and the middle class will have to pay for it. alisa: the president's travel ban getting support today from supreme court justices. it bars people from entering the country. the court will likely issue a ruling in june. democrats have released a summary containing allegations of improper conduct by ronnie jackson, the piccadilly the veterans department. one document says he got intoxicated indirect a government car. george h.w. bush is out of intensive care. doctors say he is talking and
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alert. the former president was in the hospital since sunday. the day after his wife's funeral. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. ♪ emily: i'm emily chang. this is "bloomberg technology." facebook crashes on revenue and ushesnues to add -- cr on revenue and continues to add new members. we take a look. the turnaround of twitter gathering steam, but why aren't of the investors buying it? we will hear from their cfo this hour. tim cook and president trump,
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details on history to the white house and the potential impact on trade tensions with china. shareslead, facebook advancing after reporting first-quarter earnings. a big quarter for the social network as sales near records and users keep flocking there. it soared almost 50%. beating analyst estimates. in a statement, facebook says it users, billion matching estimates. facebook is embroiled in one controversy after another. we are joined by our bloomberg contributing editor david kirkpatrick. in seattle, debra aho williamson . cambridge analytica scandal broke towards the end of the quarter, so maybe that is not all included here. but what do the numbers signal to you? debra: you are right. the scandal happened, or the
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revelations happened so late in the quarter that anything, or any impact, will likely happen in q2. this quarter's earnings looked strong. the revenue looked strong. strong. growth looks a lot of positive things happened in the quarter, so it is hard to find something negative at this point. emily: obviously, some remains to be seen, but there are some analysts who told us they think this is a blip. today -- said that facebook will have a long runway. david, do you agree? david: it is a tough thing to answer in the same lane was that mark mahaney would use. i think we will see advertisers essentially having no choice but to use facebook for the most exact targeting that they can get anywhere on a global basis. that is a huge asset for the company. on the other hand, this company is in an absolutely unique, new
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position where its legitimacy is being questioned around the world. i do not think it is possible to predict how the company ends up having to adapt to that, and what it's profit and revenue implications could be. so i think we are entering a very new phase for this company, which impressively continues to hit on all cylinders financially, but it is not out of the woods. it is in a position that no company has ever been in before and it might get bad. emily: i sat down with sheryl sandberg a couple weeks ago to talk about the controversy. she said that they never have run the company for short-term profitability, yet we are see ing these numbers. what do you think the impact will be on the current quarter? how are you building your model?
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debra: where watching user engagement really closely. it seems like facebook is always able to increase the total monthly user base, but we are watching for any sign that there is reduced engagement in terms of time spent on facebook, or the activity that people do there. we are also watching for any signs that advertisers will have less access to targeting capabilities. we see facebook rolling back certain things that advertisers use to be able to do in terms of targeting. it remains to be seen whether advertisers will continue to use facebook in other ways, and establish new ways of using it. those are the kinds of things we are paying attention to. david is exactly right, this is a time where there is question about facebook. q2 will probably give us more information about exactly how facebook is addressing these issues that we saw in today's
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earnings. emily: mark zuckerberg is speaking on a call now. he started with the controversy, saying it is clear we did not do enough. also promising to get things in order in time for the u.s. midterm elections. until now, he has couched it, saying that they would try. he said now that they will be ready for the u.s. midterm elections. with the hopes that something like this will not happen again. david, talk a little bit about impending regulation and how that could impact the facebook over the longer term. david: every government pretty much in the world is considering whether or how they should regulate facebook. since they operate in about 190 countries, that is a huge overhead of management for them that they will have to deal with. i also think that there is a bigger trend, which debra might
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have thoughts on, which i think it is possible that consumer attitudes about targeting to them could be changing, at least in developed countries. i do not think there are signs that this is a concern in those countries in the developing world, but if that was to happen i think that there are so many variables that are so hard to predict, it is looking for facebook, in a sense, that they are so profitable. but they are a company in a position -- in a position where no company has ever been. they have under $12 billion in revenue, $5 billion of net profit, that is a phenomenal profitability. so many things about them could not be said about any other company before them, their scale and global footprint. their profitability, the degree to which one person controls it, their impact on politics, their impact on the public square in
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every country, the impact on media. this is a very unprecedented position for a commercial company to be in and the world is finally realizing it, which means where things could happen and regulars and is one of them. emily: mark zuckerberg saying, we have a responsibility to keep moving forward and building tools that bring people together. he is re-emphasizing the new focus on meaningful interaction, not just interaction. do you think that change in focus will impact engagement? you know, as they essentially make this shift back toward the focus on more personal updates, rather than news updates. and have to make compromises. debra: absolutely. the focus on engagement is a strong one and appropriate for facebook right now. i really believe that consumers do have concerns about ad
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targeting, about how their information is being used, about how facebook is targeting them and if it is sharing data about them with other people, or other entities. those are questions that consumers have and it could have an impact on engagement, on the likelihood to use facebook. they might change their privacy settings, they might decide to share less information, they might think twice about the kinds of things they do on facebook -- all things that could happen. we have not seen it yet. that wereveys in q1 done after cambridge analytica that said, consumers, we are more serious. we are thinking more about the privacy of a facebook. but the proof will be if people make any changes. the past,uations in we've not necessarily seen a lot of people leaving facebook due to other concerns the company has faced. emily: let's not forget, facebook also has instagram,
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facebook messenger, whatsapp, 3 million people using that to interact with businesses, which is a new capability. debra aho williamson, and david kirkpatrick, thank you for weighing in. and the earnings roundup continues. the adjusted revenue of $5.3 billion, beating estimates. and the smartphone market improving. ebay had a net revenue of $2.58 billion, earnings per share $.53. paypal beat estimates with net revenue of $3.7 billion. earnings per share of $.57, also beating estimates. more on paypal later this hour. and coming up, we will speak with a twitter cfo after the shares sink despite strong results. he opens up on regulation, to the president's twitter habit. ♪
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the ceo of brazilian real hiding at -- ride-hailing app -- has been replaced. tony g will take the helm of the startup. he was previously a manager at dd. idi has gained a foothold in latin america and broadening its global war with uber. estimates ford first-quarter sales and profit as they are pushing more personalized content. revenue jumped 21%, nearly $665 million.
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monthly active users rose. but shares fell on warning that growth was slow. we caught up with the chief financial officer, ned segal about the results. ned: we had a great quarter. double-digit growth for the six quarter in a row. we accelerated our revenue growth, growing 27% with revenues. and we were cap profitable, so we were thrilled with the outcome. he gives us the opportunity to go back to areas where we have been investing, the health of the platform, audience engagement growth, and revenue products that advertisers use, and a sales. we will invest in those. and we said that we would grow 10%-15% this year and we're focused on those priorities. emily: shares are down, why do you think that is? ned: i try not to look at the stock from one day to another, we are trying to build a twitter everybody can benefit from and it requires taking a long-term approach.
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we are trying to put up good result and we know overtime that market will reflect this. emily: you said that these will grow at the same rate in the second half of the year, why the expectations more muted? ned: we gave margin guidance for the second quarter and we want people to think about the full-year, reminding them that the comps are harder for the second half, because we lack the business recovery that became a steer. we will talk about the second half of the year when we get there. we feel good about the momentum, about sentiment, just the pace and the feeling on the floor, it is so much better than when i started. we feel good about things. emily: everybody is wondering how these increased concerns around data privacy will impact for example, how will impact your business? perspectiverevenue it is easy to predict, the
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regulations will not come into effect until late may. we will watch closely. one of the great things about a business is it tends to be brand focused. brand advertising may be less impacted than other advertising. we rolled out a new privacy policy yesterday and we view it as a right that we all have. it is important to us to communicate clearly with our users about how their data will be used on twitter. just remind you, everything is public. that is one of the great things about the platform. it means that the api's that we give people access to is helping people organize the data in a different way that they otherwise may not. advertisers leaving facebook and is spending more time on twitter? ned: i do not know what is happening there. but what is happening at twitter is it feels like it is tied to the hard work we are putting into the platform. emily: mark zuckerberg has expressed a report for more
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regulation, is that something that twitter supports? what kind? ned: we are open to regulation. things that people are talking about from a regulatory perspective are about making sure users know how their data is used, about making sure that we are clear with people. those are things we believe in. emily: more hearings in congress, will twitter testify if invited? ned: we're always open to conversations that can further the dialogue and help us figure out the best way to help users understand how their data is used. emily: talk about around the world, international growth was strong, but weaker domestically. how long will that balance continue? ned: the thing about how i business started in the united states, then grew from there, we have a larger base of business in the u.s. than internationally, so new net opportunities such as the china export market, or the strength we saw in brazil this past quarter. international group 53%. the u.s., when you back out of
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business, it actually grew 9%. we feel good about the momentum in the united states, growing off of a larger base and it has turned slower than the rest of the business. emily: do have a game plan if the president, who is unpredictable, suddenly stops tweeting? ned: we think about our platform and so much more than anyone user. there is so much great stuff happening on the platform, a place for people to find out what is happening, where they go to be part of that conversation. we are thrilled it is the place where people break news, whether it is around politics or sports. st came onthat -- ju twitter last night after the giants game. we're thrilled with a this. emily: in the way to quantify how much traffic donald trump is driving? whether it is him or people following him. ned: at the same time he has been more active, so much has happened it is hard to unpack any one event or user or
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attribute much to them. we have done so much for the product. we have done so much to make the experience better, whether it is with on boarding, the timeline experience, or the notifications that people get. or the new approach we have taken over the last couple quarters. emily: we as journalists always hear chatter about twitter being bought. how should we digest that? ned: we think about the opportunity in front of us and we are so excited about it. we feel like there is so much we can do on our own to prosecute the opportunity in front of us. everybody should be able to benefit from what is happening on twitter. right now we have 336 monthly 336 million. -- monthly active users. that is what we think about. emily: no changes to the company? ned: we are a public company. when we are thinking about what gets us excited, we think about the opportunity to get twitter
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in everybody's hands. emily: on the call, jack dorsey said we are not a social network. what does he mean by that? ned: we are in interest network, where people go to find out about the things that they care about. people often go because they want to find out what is happening in a game, what happened in the stock market, what is happening around a particular thing that is important to them. so that means that although it is social in nature, it is not about the people to whom you are connected, it is the topics and events. emily: some of my conversation with ned segal. breaking lp produces a news network for twitter. coming up, tim cook meets one-on-one with president trump. we will tell you what was discussed behind closed doors. this is bloomberg. ♪
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emily: our top story, facebook out with a big beat. mark zuckerberg just wrapped up speaking on the call. his message, we need to keep moving forward. this is different from the message to users and congress, stressing how careful facebook would be. the investors need to hear that they will get more of the same from the social network, as opposed to volatility. dave wainer just starting to speak now. apple's ceo tim cook made his way to the oval office on wednesday to meet with president trump. this comes amid a trade war between d.c. and beijing. the president has been a vocal about apple, saying he would get them to "build their things in this country." before the meeting he tweeted, looking forward to my meeting with tim cook from apple. we will talk about many things, including how the u.s. has been treated unfairly on trade.
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here to tell us what went down, we have mike morning -- dorning. with we know about what was discussed? mike: we know the topic and what both men think about that. it was about trade. for apple, it is important to have open trade, especially with asia. president trump wants fair trade. but the white house and apple have not told us much about what was said. we know that tim cook met with the president in the oval office, and we know that he also met with the chief economic advisor, and that he also had a meeting in the office of the u.s. trade representative. clearly, very focused on trade. emily: obviously, the president has decided to pursue tariffs on chinese goods, which could disproportionately hurt apple, given how many of their products are manufactured in china. any chance tim cook could
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influence the president in the opposite direction? mike: i think that there is a real chance that has some influence on the president, maybe not enough to persuade him, but he does listen to and admire successful ceos, maybe more so than academics or other politicians. so he does by you those people's opinions. and he has had a conversation with tim cook before. and in fact, after the tax break, which tim cook praised and which apple benefited enormously from, apple talked about building more facilities in the u.s. and having a fourth headquarters here in a new location in the united states. donald trump was very happy with that and repeated that and praised that. so there is a rapport, at least a working relationship, and this high-powered ceo is somebody that donald trump admires. maybe not enough to stop him. in washingtone,
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dc. tim cook also met with the top economic advisor. we will get more information to you as we get them. we continue to monitor first-quarter earnings for facebook. the cfo is on the call not, saying there is potential for some impact from gdpr. the new privacy regulations from europe. he says it is hard to pinpoint the impact beyond europe. we will take a look, next. this is bloomberg. ♪
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alisa: i'm alisa parenti. you are watching "bloomberg technology." there is a check of your "first word news." the french president spoke at congress today as he continues
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his visit to the notice states. -- to the united states. >> the international community needs to step up its game. based on the perennial principles we established together after world war ii. senators jeanne shaheen and sheldon whitehouse sent a letter to the banks last week, asking for information about accounts, assets or services provided to the 96 kremlin connected oligarchs identified by the treasury department. the wall street journal says they are looking into how finance systems can be exploited by people sanctioned by the u.s. a watchdog says a team of inspectors has visited the syrian town of doma again. the town was hit earlier this month by a chemical attack. the organization of probation of chemical weapons says that the collected samples will be sent to a lab for analysis. and south korea has released
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video of the venue for the inter-korean summit where the south korean leader and kim jong-un are expected to meet. kim and moon will meet on friday. day, onews, 24 hours a air and on tictoc. powered by 2700 journalists and 120 countries. this is bloomberg. thursday morning in sydney where we are joined by paul allen. paul: good morning. a bidder lead from the u.s.. the dow is up a quarter of a percent. that is not been five days of declines. strong results from boeing. the nasdaq looking kind of flat. we have a beat from twitter and a good result from facebook. take a look at what this means for this part of the world. futures are up 6/10 of a
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percent. trading resuming after the public holiday yesterday. the nikkei is just over 1%. -- up just over 1%. commodities, aluminum snapping a four-day losing streak. a chronic shortage of aluminum. and gold is weakening a little. plenty more happening today with earnings from nintendo, sharp and samsung. and the first quarter gdp from korea said to be released. more from "bloomberg technology," next. ♪ emily: i'm emily chang. this is "bloomberg technology." the top story, facebook out with first-quarter earnings, up over 6% in late trading.
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reporting first-quarter revenue of $11.97 billion, beating estimates. the daily active users and monthly active users met estimates. the numbers do not say anything about the facebook post cambridge analytica, because it happened at the end of the quarter. facebook has not disclosed anything on engagement in the release. joining us to dig deeper on the report we have caroline hyde in london, and in san francisco tom giles. interesting. we heard the cfo on the call, just now being asked about time spent and whether it will grow again. he said, we are not optimizing the business on time spent. no answer there. talked inber, they january about the idea that they are going to change the way that they put information into the newsfeed. they want quality engagement. they do not want to fill the newsfeed with junk or stuff that
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people do not care about. emily: he said that zuckerberg is focusing on consumption. tom: right, so this passive viewing the videos -- which, i like the recipe videos, but apparently -- twitter game has gone way up over the past few months. tom: and facebook wants to do away with this. it will change the way that we interact with it. we will spend less passive time, but if they have their way will have much more quality time and we will do things that we want to do. emily: he said that instagram engagement is growing nicely. caroline, some comments also from dave wainer about gdpr, saying it will have an impact, or some impact. caroline: not significant impact. it is notable, this is what investors wanted to hear, will the tougher regulations from europe affect the business model, because we will have more
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control over data in europe. he says that it will in fact affect monthly users in terms of daily active users, which were up in the first quarter in europe. they will be affected in the second quarter. notably, they might see overall some impact to the business, but not significant impact. he also says, compare us to competitors, we are not the only one who will be affected. so look at google and twitter, because it would not just be us. emily: mark zuckerberg saying the focus is to keep people safe. that said, the ad business is gangbusters. we know that this scandal was really floating at the end of the quarter, so maybe a bigger impact next quarter. tom, what are the things we will be watching over the next three months? tom: definitely looking for user engagement. are people leaving in a significant number? we might have seen a little bit
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of drop off, because it happened in a sufficient time where they could have been some impact. i would think it really boo hoos sheryl sandberg and mark zuckerberg to signal to the market, if they are starting to see something, it behooves them to do that. my hunch is if they were starting to see it, they would give a warning, some kind of signal that people are starting to pull back from facebook. on the advertising side, the question i have is, where else are you going to go? if you want to reach people in mass numbers, where do you go, what are the other platforms? we talk about digital advertising and it is really about google and about facebook. so if you are in advertiser, even if you have misgivings about privacy and what they are doing with user data, where else will you go? emily: when i spoke with sheryl sandberg, she said a few advertisers have paused spending.
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she also said this. -- emily: ok, sheryl sandberg, when i asked her about whether or not the advertisers would be impacted by this, she said some have paused their spending. she also said that they had never run the company for short-term profitability. some people find that hard to believe, when you see numbers like this. take a listen. >> we are proud of the model. and it ensures that people see more useful ads, it allows businesses to grow, and enables us to provide a global service for all to use. emily: this is actually what she said on the call right now, so thinking about that in the context of what she told me, caroline, what do you make of the message?
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caroline: i think that the message is one of trying to say that the business. is going on as usual so far it has not been impacted, but they need to be more deliberate about how they build the company. it is notable that they have been trying to go back to the consumer out there, the investor base, but also the politicians, that notably they are spending on privacy going forward. that they are increasing the capital expenses. this comes out in the numbers, noticeably, where we have seen a guidance higher and how much the operating expenses will be for 2018. 50%-60%, they say, in terms of growth. that means they will spend more on securing the platform and ensuring that the content, that the privacy is more secure. that is something to be digesting. it is something that we have to look out for tomorrow, when we see the politicians start to really delve into the cto, who
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is coming over here to the u.k. in front of the ministers tomorrow who will be asking him about how the facebook platform is looking to ensure we do not see any misuse of the platform when we have elections. particularly with fake news and the brexit vote in europe. notably, sheryl sandberg has been trying to say, we are trying to be more -- considered about growing the platform. emily: she did use the words slow and deliberate when talking about growing facebook messenger. and about facebook and instagram, they do have other properties that have high potential, that do not have as much of an association with facebook. tom: the branding is completely separate. instagram ande on they do not realize it is owned by facebook. the other thing to remember, some of the properties are not
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even being monetized yet, so a lot more potential for growth. caroline mentioned elections. one thing they wanted to bring across on the call is we are getting ready for 2018 and we do not want to see a repeat of 2016, when our platform was used in abusive ways to spread misinformation and really sway the public with just information that was craft. -- crap. emily: he says that they will be ready for the midterms. tom: they better be, because they will be scrutinized in 2018. emily: tom giles, caroline hyde, thank you both. lending club has been accused of misleading consumers. the federal trade commission says the company promised no hidden fees, even though it subjected hundreds or even thousands of dollars in upfront fees from loans. lending club is a case of charging consumers, even after they paid off loans. the online lender says it is
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"disappointed with the lawsuit." caroline, i will bring you back on this. what do you make of this, this coming from the ftc? caroline: it is fascinating. you heard the response from lending club over all. they say that these are unwarranted, but this is a heavy blow. the ftc, looking after the consumer, is saying that they deceived customers. this does not help with the confidence in using these products that are a new way of getting borrowing, when we can go to investor bases and get a different type of loan by the likes of lending club. it says they basically took the loan that you asked for, it was smaller because they took a cut, and that they charge borrowers when they should have not been doing that. and notably, saying that they misled consumers, that they would get loan approvals and
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they knew full well that they wouldn't. these are heavy judgments. the stock fell, it was down 15%. ou willtype in gp -- y see the market capitalization, how much it has been a torrent of bad news for lending companies last eight years. $10 billion valuation back in early 2015 come all the way down to $1.16 billion. 15% drop today adding to the woes. leave overn the ceo a cloud of concerns about the way in which he was selling loans, how he was doing business. they have a new ceo. is the view here, btig saying that investors have been extremely negative toward the complaint.they feel like it is overblown and they say that lending club has overcome the disclosures.
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we will see what the ftc has to say when they further investigate. emily: ok, caroline, thank you for breaking this down. not the first setback to hit lending club. in 2016, the then ceo resigned amid internal investigations. sanborn,nt ceo, scott another setback for him. coming up, paypal pushes ahead. it is no longer part of the ebay empire, but it does not show signs of slowing down. we will dig deeper into their first quarter results. this is bloomberg. ♪
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emily: advanced microdevices
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sales suggest it is making progress, winning market share from rival intel. it is projecting second-quarter revenue of nearly $7.1 billion, as analysts look at nearly $6 billion that they spent last year on new designs for laptops and computers. offering updates this year. the stock jumping as much as 8% on this news. as we reported earlier, paypal reported results that beat analysts' estimates. in addition to coming out ahead revenue, they given optimistic forecast for the second quarter, indicating it is holding its own after a split with ebay. here to tell us all about it julie verhage. ,julie: this is an important quarter for paypal, because the last quarter it was overshadowed by what was going on with ebay. they were reporting earnings on
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the same day it usually does not happen. analysts expected this to continue, now all of a sudden, while paypal will still be a button on the website, any of the unbranded things saying if you are paying with a visa, now they are using a startup, so analysts were concerned that they were going to start using other companies. so some of the highlights, they beat on revenue. the estimate was $4.39 billion. now they have roughly 240 million people that are using it every single month. that was more than anticipated. a lot of this has been to then mel -- venmo. i do not think a lot of people know that paypal owns venmo. emily: what about potential m&a, whether it is paypal being the acquire or getting acquired? julie: they have roughly $6
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billion on the balance sheet to acquire things. it has been sometime since they made an acquisition. one notable one was braintree. it has driven a lot of customer acquisition that the firm has had. they are not shy in saying that they look at opportunities, but they have been gun shy pulling the trigger. emily: what about amazon? will there be a partnership between paypal and amazon? it is increasingly getting into its own banking sector, so how will that impact paypal? i hope that amazon would partner up. julie: i think that they would help that they would power a lot of the transactions. braintree is what is powering those purchases on facebook, so they have a lot of partnerships with places like facebook, or even jpmorgan or bank of america. my card with a jpmorgan, if i purchase anything on paypal or
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use paypal, i get 5% cash back. it is a key strategy for the ceo, making partnerships, which is something that before he stepped in, they really shied away from. emily: what will you watch next quarter? julie: i will watch to see if there will be any m&a, because i feel like they are at the point has aear square, which high valuation. but there are many other companies out there. naturalceo says he is a consolidator for the space, so it is only a matter of time. emily: thank you so much. into paypal on bloomberg markets. commit, while some stocks have keptgled, others up with expectations. we will discuss, next. this is bloomberg. ♪
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emily: amazon promising to entertain for children, releasing new kid focused skills for the digital assistant next month. plus there will be a speaker designed for kids and a new magic word feature will encourage children to say "please" when asking alexa questions. brickrime to plans for and mortar, a lot the dig into when amazon reports first-quarter results on thursday. here to discuss what to expect we have spencer soper. the key number, 100 million prime members surpassed, coming out in the shareholder letter a couple of weeks ago. what are you going to be
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watching for in the results? spencer: with amazon, you are always looking at how much additional money did they bring in. and how quickly did jeff bezos spend it, which is always very quickly, but he was enticing investors with a 100 million prime number worldwide, indicating that the success we have had in the u.s. we can replicate elsewhere. prime membership is resonating in other countries and if we continue to invest, and bear with us as we lose money overseas, they will keep investing overseas the bill the uild that success. there is a lot of noise around the result, especially with the escalating criticism from donald trump in his tweets. i was just on an earnings call for ebay and analysts were asking a lot of questions about postal rates. it is top of mind. i imagine that is what the
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analysts will be asking about on that call, any color around exposure to postal rates, any indication of what they think it could add in terms of cost. if other thing might be hq2, there are any updates about that. emily: at what point might we hear something about hq2, and where is the wind blowing? spencer: they of just indicated they will make a decision sometime this year, no clarity beyond that. there have been all kinds of parlor games with people trying to guess, jeff bezos was here and that means this. those kinds of things. but we are still waiting and we do not have a precise timeframe, but i imagine it will come up on the call. analysts are beginning to wonder, if they pick a low-cost versusike indianapolis new york, this could weigh on versusy
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new york, this could weigh on how they model the value of amazon. emily: and the other moon shots, whether it is home robots, amazon go, grocery, which of those do you think we will hear the most interesting development with regards to? spencer: jeff bezos has been focused on alexa. we just had a mother reveal that you spoke about about the new echo device geared toward children, that is the thing that he is really promoting the most in a light of the recent quarterly reports. the voice activated platform, in addition to convincing investors it is worthwhile to invest overseas. he wants to convince investors it is worthwhile to invest in the voice activated platform, which they see as replacing or supplementing the computer or touchscreen. emily: thank you so much. still listening into the facebook earnings call. mark zuckerberg on the call talking about a big shift that
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will be happening in how they think about content moderation on the platform. and of course saying that safety this year will be the main focus. also saying they will be ready for the u.s. midterm elections this year, to ensure no meddling from state actors. that does it for this edition of "bloomberg technology." we are live streaming on twitter. that is all for now. this is bloomberg. ♪
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♪ paul: u.s. stocks and positive in the dollars is the highest court in three months. facebook is among the late winners shrugging off controversies to post record at sales and daily users. paul: president macron urges america not to turn inward. and a


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