you mentioned other companies, amazon, google, microsoft. amazon was selling their technology to law enforcement, which created issues. they paused that a few years ago. i think this is a way for facebook -- meta-, to put pressure on others in the industry, probably try to get ahead of potential regulation. we have seen lawmakers in the usa, we need laws, we need rules around how this technology works. this is facebook getting out of the game on the earlier side so that when there are these laws, when there are rules that come about, they are not necessarily reacting in the same ways their competitors will have to. emily: the company says they will delete one billion facial templates. how can we be sure that that information will actually be deleted? >> it's a great question and i tweeted about this story, and all the replies were essentially, ok, sure thing, facebook. it goes to show you how little faith there is that the company that will make a big public announcement like this will follow through. we will have to expect them to essential

microsoft unveils its version of virtual worlds for business. my exclusive conversation with ceo satya nadella about how microsoft is building its own path to the future. now that andy jaffe ascended the throne at amazon, adam's allete ski says he is getting started as ceo of amazon web services. where it is always day one. a sneak peek of my upcoming bloomberg studio 1.0 sit down later this hour. and, meta-platforms. yes, the company formally known as facebook will shutdown the use of facial recognition technology on the facebook network. this is the same tech that alerts users when photos they are in are uploaded, enabling them to tag themselves. does it signal a new stance for the newly named company on privacy? we will discuss. all that in a moment. first let's get a look at the markets. the relentless rally of stocks pushing major u.s. benchmarks to their all-time highs, with investors bracing for a key decision from the fed. our ed ludlow is joining us now with more. what role with -- will tech play today? ed: tech is the better performing

tesla, apple, amazon in the red, microsoft and others in the green. of course when that happens, you do tend to see the market play tug-of-war. what didn't was cryptocurrencies, up 7.8%. that is resell the bid, especially in the stock market. marathon digitals, microstrategy's outperforming. let me show you a chart about big tech because the $2 trillion club made some news. alphabet almost closing, hitting $2 trillion in market cap intraday, then closing at $1.98 trillion, almost nearing apple and microsoft in the benchmark, something to watch in the days ahead. maybe alphabet will close above that mark. let's take a look at other tech subsectors. a flat, mediocre day from the indexes, but the sub indexes, semiconductors and the golden dragon index, very tech heavy, those outperformed. but let's just get to the breaking news. let's go to ed ludlow. >> robinhood down around 3%, disclosed security breach. 5 million customer emails accessed, two million customers full names accessed, no access to social security numbers, credit card numbers, or account n

emily: microsoft and facebook have announced new workplace products in the meta-verse. what is your take on the meta-verse, and is there a play for airtable? howie: there are two extremes of how you interpret it. one is this virtual space where you put on this headset and go in and you are immersed in this 3d environment with an avatar, etc. there is something to that. i will not dismiss it. there is a lot of promise, but it is probably a long way off before the technology is good enough and there is an ecosystem where we are spending our days living in that reality. emily: you are saying the meta-verse is overhyped? howie: it is about creating a digital represents an asian -- representation of yourself. we are seeing that with other products, lighter weight avatars, other products where you're able to collaborate within this virtual space. the actual 3d vr aspects of the meta-verse is still a while off. emily: speaking of the path forward, airtable has become a bigger company since we last talked. what is the path forward to you? are you going public? are you open to a

we have seen microsoft. what ails and what succeeds? >> i think the first thing to keep in mind is what are these companies actually doing today? -- what fails and what succeeds? >> right now, there is no metaverse. facebook is running facebook and whatsapp and instagram, but they don't actually have a product that looks like the metaverse yet and probably will not for a number of years, so we should focus on what actually exists today and when they have actually built this metaverse, then we can take a look at it. emily: do you trust facebook -- now meta--- do you trust meda to do this? >> it depends what you mean. yes in the sense that i think they will probably build something, but i don't have a high opinion of their business model, which is all about getting people to use a free application or multiple free applications because when you are using the free application, you are essentially contributing labor to their product. your building their product for free, and what you're are selling is your eyeballs. they are selling your att

not your big tech names, not apple or microsoft, but those new tech companies that are still growth names. a lot of the ev space still falls in that category. i want to hit some of the tech subsectors. tech underperformed, it really translated into semiconductors, chinese adrs which is tech savvy. the soul outperform her was cryptocurrency, kind of doing their own thing after perhaps an inflation hedge. let's get to the macro story. >> some of the device makers, laptop pc makers, hp, and dell. we are seeing strong demand for both companies from commercial customers, basically companies buying new infrastructure for their work, particularly in the case of hp come up almost 7% in after hours. there was weakness in the consumer side of the business. sales down 3%. hb seeing -- hp seeing supply shortages, and in the quarter they were able to get more components than they thought. the supply chain picture is not going away, not changing. that's interesting home go to retail. look at nordstrom, the report hit after the bell, along with gap. that is a completely different story. look at those st

. >> microsoft is making some big acquisitions. what do you make of these competitive moves? your competitors say they are on the right side of history. are they? >> i look at the fact that there are 3 billion people who have access to knowledge at their fingertips. i look at the opportunity we provide. i look at the skilled people are learning through youtube. i feel it everywhere when i going talk with people. providing access to people and knowledge would be on the right side of history as well. emily: eric schmidt told me that he feels the latest facebook revelations are disturbing. google also has access to massive amounts of our data. why should more than half the world's population trust google to do the right thing? sundar: we are trying to do more with less data. one of the biggest changes we made was making auto delete the default setting for new users. now users have the data constantly being deleted. we rely on trust for people. every day when people come to google, they place their trust in us and -- in vulnerable moments. be it a health issue that they are tryin

emily: you are partnering with companies like microsoft and deloitte. how much do you expect as a result? >> that has been extremely fast growing. we have seen for the past year as companies try to find parks and training of their teams that they just want masterclass. we in the past year have signed deals with folks like square, deloitte, and for the next five years that will become a major stream for us. emily: what has demand been like as we come out of covid? we have less time at home for personal enrichment. any concern for a slowdown? >> i am not concerned. the demand for people to want to learn and grow is just increasing. also, we are about to go into the holidays. we are a gift that is not stuck in any port, it is not delayed. i am thrilled and excited for the end of the year. emily: what about demand ahead of the holidays? i know that masterclass has often been up off ash popular gifting option. >> it has always been. we have a class for everyone. it is a great gift and also one that despite the slowdowns and the supply chains, it is one that

. >> your partnering with companies like microsoft and deloitte to offer master class at work. how much new business do you expect because of this? >> that has been extremely fast-growing. we see this as companies try to find perks and training of their teams. they just want master class. we have signed deals with people like square, deloitte. for the next five years, that will be the main streamers for us. >> what has demand been like as we come out of covid? we have less time at home for personal enrichment. any concerns about a slowdown? >> i am not concerned. any concern about the want to grow is just increasing. we are about to go into the holidays. we are a gift that is not stuck in any port. it is not delayed. i am thrilled. i am excited for the end of the year. emily: what about demand ahead of the holidays? i know that master class has been a popular gifting option. >> we have a class for everyone. it is a great gift and also one that despite all the slowdowns, it is one that you want to use to buy a gift. emily: are you thinking about the meta-verse or virtual reality

i think microsoft's ceo mentioned, how do you value presence and human connection in a different way? i think being able to use blockchain and crypto to create interoperability and intrinsic right, as measured previously, is going to be important to digitize all of that in a way that is more accessible and democratized. emily: that interview happened here on bloomberg technology. thank you for stopping by this friday. always appreciate you joining us. coming up, clean alternatives to cars on the rise. e scooters and bikes, lime announced it has raised millions as it prepares to go public, what the ceo plans to do with that cash. this is bloomberg. ♪ emily: lime says it has raised $500 million as it prepares to go public. wayne ting talked about the company's goals including dealing with all those e-scooters cluttering the sidewalks. >> we are excited to announce we rate $500 million today to continue building a transportation platform that is shared, affordable, and carbon free. we are in over 200 cities, 30 plus countries. lime is the clover -- global leader in shared e-bikes and s

would you consider partnering with an aws or a microsoft one day to use their cloud capabilities? david: we took this very seriously and you are exactly right, three long days. we are going to publish an analysis of what happened and share what we are doing to make sure this never happens again. we were surprised by the outpouring of our community. when we came back up, we didn't lose any of the people on the platform, which was gratifying. but it highlighted the responsibility we have within our community to be a 24/7 utility for them. we will share more about that in the future. we took it very seriously. emily: adoptsme is now the most popular game. you can raise per -- raise virtual pets. 64 million players every month. what are your favorite games? david: this is almost like asking me which is my favorite child. except, i would have millions of children. all of these are created by our community ranging from hobbyists starting out to large teams that can have 30-50 people. we are approaching the time when one of our teams is going to make $100 million a year. some of the most

the ceo of microsoft told me that cyberattacks are the new pandemic. is that how you would describe it, and how do we get everyday people to understand how big a threat this is? jamil: satya is exactly right. there is a pandemic around the globe. we see these attacks spreading broadly than we have ever seen before and coming after critical infrastructure. take the case of this young woman who came in in 2019, comes into a hospital in alabama she has her child, everyone was focused on, the cyberattack a lot of stuff was going on. they are not able to communicate effectively and there were less eyes on the baby's heart monitor. nine months later, the baby passes away. terrible incident. you could tie it back to some of these incidents. there are even more direct ties if you think about what might happen if our water supply was affected or if power went out and services were not available. as we are seeing this we are realizing this is a concrete challenge for people. part of the problem, emily, we have become accustomed to lots of cyber reaches, our data

the ceo of microsoft told me cyberattacks are the new pandemic. is that how you would describe it and how do we get everyday people to understand how big a threat this is? >> i think that is right. an epidemic in the united states. a pandemic around the globe. coming after more critical infrastructure. you take the case of this young woman who came in in 2019. she has her child. everyone was focused on the cyberattack. while stuff was going on, the doctors are texting each other back and forth. they are not able to communicate effectively. there were less highs on the heart monitor. a terrible incident. there are more direct ties if you think about what might happen if a water supply were affected or if the power went out or services were not available. as we are seeing more of this, we are realizing this is a concrete challenge. we have become accustomed to lots of cyber breaches. our data is lost. our identity is gone. people are somewhat jaded when it comes to cyberattacks or cyber hacks. these attacks are fundamentally different because they a