silicon valley is a notoriously _ world. silicon valley is a notoriously secretive - world. silicon valley is a | notoriously secretive and notoriously secretive and notoriously litigious place when it comes to employees who want to put their head above the parapet to raise concerns. how did big tech get so big? 0ne how did big tech get so big? one of the reasons it got so big, to be honest, is by exploiting thousands of people who work there. the way that they have managed to keep that exploitation going is by silencing people who work there, including through incredibly wide and broad nondisclosure agreements. i have honestly almost never seen anything like it. i am a human rights lawyer who used to bring cases against the cia and the culture of secrecy at big tech is basically as bad as i used to see in the cia. it is basically as bad as i used to see in the cia.— to see in the cia. it means whistleblowers _ to see in the cia. it means whistleblowers who - to see in the cia. it means whistleblowers who want i to see in the cia. it means| whistleblowers who want to to se

people like frances haugen are a rare thing in silicon valley. the decision she made to take on facebook wasn't ta ken lightly. the company intentionally hides vital information from the public, from the us government and from governments around the world. silicon valley is a notoriously secretive and notoriously litigious place when it comes to employees who want to put their head above the parapet to raise concerns. how did big tech get so big? and one of the reasons it got so big, to be honest, is by exploiting thousands of people who work there. and the way that they have managed to keep that exploitation going is by silencing people who work there, including through incredibly wide and broad non—disclosure agreements. i've honestly almost never seen anything like it. i'm a kind of human rights lawyer who used to bring cases against the cia, and the culture of secrecy and fear at big tech is basically as bad as i used to see in the cia. it means whistle—blowers who want to come forward, like haugen, need to be extremely brave and have ext

people like frances haugen are a rare thing and silicon valley. the decision she made to take on facebook wasn't taken lightly.— taken lightly. the company intentionally _ taken lightly. the company intentionally hides - taken lightly. the company intentionally hides vital - intentionally hides vital information from the public, the us government and governments around the world. silicon valley is notoriously secretive and notoriously litigious place when it comes to employees who want to put their head above the parapet to raise concerns.— raise concerns. how did big tech get — raise concerns. how did big tech get so _ raise concerns. how did big tech get so big? _ raise concerns. how did big tech get so big? and - raise concerns. how did big tech get so big? and one . raise concerns. how did big| tech get so big? and one of raise concerns. how did big - tech get so big? and one of the reasons it got so big to be honest is by exploiting thousands of people who work there in the way that they have managed to keep that exploitation going is b

j silicon valley to take action on our behalf? ~ , silicon valley to take action on our behalf? ~' , ., silicon valley to take action on our behalf? ~' , . ., ~ silicon valley to take action on our behalf? ~ , . ., ,, , behalf? i think they are waking up to the fact that _ behalf? i think they are waking up to the fact that there _ behalf? i think they are waking up to the fact that there is _ behalf? i think they are waking up to the fact that there is a - behalf? i think they are waking up| to the fact that there is a problem, i have met with all the big social media plays and they talk about their educational platform and tools that they can use, and this is not one silver bullet. it comes from parental responsibility, making sure that we scale up people who are social media, but of course when people are under this platform can they do have a duty of care to the people that are using that platform, and if they are not following that, we need to have the rules and the team to be able to enforce them. the countries —— there are countries looking at this, israel and france

the company is based - in silicon valley in the us. they don't have that sense of context in every- single country. so there were efforts to try| and understand this better. what is clear from the - documents is that these efforts have been stymied internally. even when researchers i were saying, here, look, there are problems that we are trying to show you, - but things weren't done about it. - i've spoken to another- whistle—blower who came out a few months ago and she had uncovered several instances . of political manipulationl on the platform in places like honduras for example. she found that it was really . difficult to get anyone to take any action and it just sort . of fizzled out unless she did something about it. so there is an internal lack of, or kind of an internal. apathy even though there have been good—faith efforts - from researchers within - the company to understand what's going on better. facebook would say their technology is having a big impact in reducing how much hate speech people see on their platform. the

valley. the company has agreed to give the bbc access to show me how the system works and why they believe it's needed. what makes the system so compelling, we believe, is the fact that in many communities that suffer from ongoing persistent gunfire, people for a lot of reasons don't call 911 which means there's no police response which means that communities begin to distrust police. you can see we've got some proximal incidents right here. this is shotspotter�*s incident review centre. ginger is one of the analysts. wavy alarm sounds. oh, there's an incident right there. that's the sound we hear when an incident comes up, yep. when the computer thinks a gunshot has been fired, herjob is to review it and decide whether to dispatch police officers, all in under 60 seconds. this is a waveform which if you do any kind of audio work, you've seen this before. so we're listening to that, we're looking how far does the sound travel, we're looking to seeli how many sensors picked it up, if the sen

the silicon valley startup went out of business after it became clear that its diagnostic technology didn't work. there's growing concern over what's happened to the missing chinese tennis player peng shuai. she hasn't been seen in public since alleging she was sexually assaulted by a high profile former chinese official. our sports correspondent natalie pirks has the story. she is a tennis star in china, a former doubles world number one who won wimbledon. but now the united nations has added its voice to the clamour of bodies all wanting to know the same thing — where is peng shuai? two weeks ago, in this social media post, peng shuai made serious sexual assault allegations against former vice—premier zhang gaoli. "like an egg hitting a rock, or a moth to the flame courting self—destruction, i'll tell the truth about you," she said. within half an hour the post had gone, and so had she. then an email surfaced addressed to the chairman of the women's tennis association, claiming to be from her, saying she hadn't meant the allegations and was just "resting at home". but they're

valley with their well—funded podcasts? let me introduce you to today�*s guests. dick stone is chief content officer atjack media. for audiences that don�*t know, what is jack media? jack media group is one of the very few remaining completely independent

valley with their wealth podcasts? let me introduce you to today's guests. chief content officer atjack media. for audiences that don't know, what is jack media? jack media group is one of the few remaining completely independent radio groups in the uk and we operate six radio stations. three national radio stations unionjack, unionjack dance and unionjack rock. most of them launched during the pandemic. and three stations operating the oxfordshire area. jack fm which is the first jack station in the uk and a format which originally started in north america and jack hits and jack chill. those are the six services that we operate at the beginning of the pandemic and there were only for another is six. you have done well and expanded and we'll come to chat with you a bit later on about that and also joining us today is matt, creative director at boulder media. you advise audio companies and other strategies. has this last week been a bit like a level results? absolutely. it's always like that when new figures come in. ev

and how has broadcast radio done against the giants of silicon valley with their well—funded podcasts? well, let me introduce you to today's guests. dick chief is content officer atjack media. dick stone is content officer atjack media. dick, for audiences that don't know, what is jack media? jack media group is one of the very few remaining completely independent radio groups in the uk. so we operate six radio stations. three national radio stations — unionjack, unionjack dance and unionjack rock. both of which, those latter two, we launched during the pandemic. and then three stations operating the oxfordshire area. so, jack fm which was the first jack station in the uk, a format which originally started in north america, jack 2 hits and jack 3 & chill. so, those are the six services that we operate. at the beginning of the pandemic and there were only four and now there's six. so you've done well, you've and expanded and we'll come to chat with you a bit later on about that. but also joining us today is matt, creative director at folder media. matt, you advise audio companies on

in many ways, jack dorsey was the kind of archetypal stereotypical chief executive in silicon valley because he is a hugely wealthy and very, very rich man. he is a multibillionaire but you wouldn't necessarily know it from looking at him because he is a hippie at heart, he wears tie—dye t—shirts, and times he has this big, long, wizard like beard and he is fundamentally an idealist at heart and believes that tech can change the world. certainly with twitter, the company he co—founded, it did change the world. it has completely revolutionised the way that politicians speak to voters. the way the public gets it information and news. perhaps its most important and famous twitter user over the years has been former president trump. he was an expert at using twitter are bypassing traditional media, and was a hugely important platform for donald trump was my collection in 20 -- 2016. trump was my collection in 20 —— 2016. decision to move donald trump from the platform after the sixth of january hill riots was one that jack dorsey talk and will be known as the most controversial

and how has broadcast radio done against the giants of silicon valley with their well—funded podcasts? well, let me introduce you to today's guests. dick chief is content officer atjack media. dick stone is content officer atjack media. dick, for audiences that don't know, what is jack media? jack media group is one of the very few remaining completely independent radio groups in the uk. so we operate six radio stations. three national radio stations — unionjack, unionjack dance and unionjack rock. both of which, those latter two, we launched

i sat down with a start—up from silicon valley and started by asking how companies are treating employees after the pandemic. i treating employees after the pandemic-— pandemic. i do think people have a lot — pandemic. i do think people have a lot more _ pandemic. i do think people have a lot more choice - pandemic. i do think people have a lot more choice and l have a lot more choice and frankly, _ have a lot more choice and frankly, that is an awakening for all— frankly, that is an awakening for all of— frankly, that is an awakening for all of us. as a business leader. _ for all of us. as a business leader. i_ for all of us. as a business leader, i have to think about it in— leader, i have to think about it in term— leader, i have to think about it in terms of talent. for me people — it in terms of talent. for me people come to work to work but they need — people come to work to work but they need purpose and that is what — they need purpose and that is what i — they need purpose and that is what i found in my career and when— what i found in my career and when you

valley with their wealth podcast. let me introduce her to today's guests. chief content officer at jack to today's guests. chief content officer atjack media. for audiences that don't know, what is jack media? jack for audiences that don't know, what is jack media? jack media u-rou what is jack media? jack media a-rou is what is jack media? jack media grow) is one — what is jack media? jack media grow) is one of— what is jack media? jack media group is one of the _ what is jack media? jack media group is one of the few - group is one of the few remaining completely independent radio groups in the uk and we operate six radio stations. three national radio stations. three national radio stations unionjack, unionjack stations union jack, union jack danson stations unionjack, unionjack danson unionjack rock. most of them launched during the pandemic and three stations operating the oxfordshire area. jack fm which is the first jack station in the uk and originally started in north america and jackjust make it inject th

i'm joined now by elizabeth dwoskin, the silicon valley correspondent at the washington post. sorry, that disappeared off the prompter and i lost your name for a second. good to have you. can i ask you if it was somewhat excited because it seemed to catch the market by surprise with matt dorsey posted his resignation letter on twitter as twitter ceo. iie posted his resignation letter on twitter as twitter ceo.- posted his resignation letter on twitter as twitter ceo. he said that he had made _ twitter as twitter ceo. he said that he had made this _ twitter as twitter ceo. he said that he had made this decision - twitter as twitter ceo. he said that he had made this decision in - he had made this decision in consultation with the board but clearly it was a very closely kept secret because and very sudden because it was announced on a twitter day of rest, which is a date when the whole company is about to be all. so it seemed really unclear and call thousands of employees by surprise. and call thousands of employees by surrise. ~ .,, , and call thousands of employees by surrise.

valley. what fiscal incentives can he now provides a cabinet pace? i fiscal incentives can he now provides a cabinet pace? i thank my honourable friend _ provides a cabinet pace? i thank my honourable friend for _ provides a cabinet pace? i thank my honourable friend for that _ provides a cabinet pace? i thank my honourable friend for that and - provides a cabinet pace? i thank my honourable friend for that and as i provides a cabinet pace? i thank my honourable friend for that and as he i honourable friend for that and as he knows there are some very interesting and lucrative sources of minerals such as lithium in this country whose exploration and discovery and reuse we are encouraging. but secondly on the tax point that he rightly raises, we are going to use free ports to ensure that we support them as herbs for the processing of those critical minerals here in the uk. in the processing of those critical minerals here in the uk. in 2014 my constituent's _ minerals here in the uk. in 2014 m

is china likely to pass silicon valley as a leader of technology? reid: i think it's one of the greatest concerns that silicon valley-knowledgeable people have, because china is amazing. it has huge amounts of tech talent. everyone's acting like an immigrant, you know, with hunger. large companies have this policy, 996 -- 9:00 till 9:00 p.m. six days a week, you are discoverable at your desk. and that's kind of like, you know, tens of thousands of technical people in technology companies. and they are doing a lot of innovation. there's things we learn from china. and so, i think that china is going to have one kind of very strong creation of the technological future. it is one of the reasons why in blitz scaling, we call it the land of blitz scaling. i think silicon valley has some edges too, but i think it's very much of a game on circumstance. david: now some people would say the technology world of the united states is dominated by a limited number of companies, google, facebook, apple, netflix, microsoft, i'm sure you are familiar with all of th

silicon valley as a number of overlapping network effects. it has a network effect of being the hub by which a lot of english-speaking entrepreneurs from around the world come to start their software or key technology businesses. there is the hub for capital and the knowledge and the investing that goes into it. there is a hub of talent for people growing these companies, which is the reason i wrote this book, how do you build companies at a global scale and attract the talent? there is the network effects of learning out of sharing information. it is part of the reason why silicon valley, the whole bay area has 3.5 million people tops, that's not the tech industry, and why half of the nasdaq emerges out of silicon valley. it is for those kinds of reasons, and those network effects are what makes silicon valley great. david: what about around the world, is china likely to pass silicon valley as a leader of technology? reid: i think it's one of the greatest concerns that silicon valley-knowledgeable people have, because china is amazing. it ha

after silicon valley, which is to say, disruptors, what did they do? they identified a large market that was not being fully in property -- and properly served and said i will provide a solution. 95% of our revenue comes from permanent capital vehicles, so we have attired different offering -- entirely different offering. we said there is a chance to be that disruptor, and then we purposely built a business model that looked like a tech company. we did not start and say our base model is a bank, and how do we become a better bank. we started by saying cure is a necessary service that if we can do a great job delivering the product we can earn really attractive risk-adjusted returns , and this is the important point for our shareholders. we look a lot like a sas business and people do not map technology to wall street, but we have done this consciously. >> where businesses are set up to deliver to their end to gives her a certain set of services, but if you held our income statement against any other sas company you would be surprised how similar they a

>> silicon valley and beyond this is bloomberg technology with emily chang. emily: i am emily chang in san francisco at this is bloomberg technology. tough times, new disney+ subscribers drilling netflix by a long shot. is disney's streaming service struggling to broaden its appeal after an explosive start? we will discuss. no stopping for vivian, the drugmaker goes public -- truck maker goes public. our exclusive conversation with the company's ceo this hour. she was of doordash hit a peak. visio will tell us how he expects us to hyper skill growth. let's get it look at markets. u.s. stocks fell the most in a month. >> talks taking a breather and it comes down to tech leading the charge lower. a lot of it has to do with big tech. over into semiconductors as well, down 2.8%, software stocks taking part of the blow. here is what did not get dragged down, china's adr's, good news in the regular tory vectra. i want to broaden this out and talk about the s&p 500 and tesla's role in it in particular. we know the ev space has been driving broader gains, but if you

>> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and this is bloomberg technology. coming up, jack dorsey resigns as ceo of twitter. we will talk about what new leadership means for the future of the internet town square. plus, omicron. how worried should we be? the world health organization says despite milder symptoms, the new variant could fuel surges with severe consequences. moderna's co-founder joins us. and the return of black friday. visits to stores and shopping centers up but still well below pre-pandemic levels. how is cyber monday stacking up? we will discuss. first, let's get a look at the market stocks climbing and bonds falling after a elective sense of calm returned to global markets. investors reassessing worst-case scenarios for the omicron virus strain. critic group to joins us. how investors digesting this today? >> they're turning back some of the panic you saw on friday. we have seen variants before. completely normal behavior. we sa

she comes across as a chief executive, not a flashy silicon valley leader. in this case, almost more lawyerly. very calm. calmly answering questions, leading questions often by her lawyer, presenting herself to the jury and the world as somebody who was in charge, flying high, and not aware of all the details that might have led to the charges that she faces. just not aware of all the details that led to the criminal charges she is fighting now. caroline: ok. sort of claiming i have a deep -- claiming naivety. the devil will be in the detail, the detail that she perhaps didn't grasp. i will be exposed in the cross-examination, i imagine -- that will be exposed in the cross-examination, i imagine. >> she did at one admit to a -- at one point admit to her problem. she can just ignore the charges. she does have to address them. at one point, she did admit she did something wrong. she wishes she had done it differently. which is to lift the logos of pharmaceutical companies onto reports that she used, that she said were endorsements of her technology, in order t

in silicon valley and beyond, this is bloomberg technology with emily chang. >> i am emily chang in san francisco and this is bloomberg technology. coming up in the next hour, tough times at the house of mouse. disney plus subscribers trailing netlist by a longshot. is disney's trimming service struggling to broaden its appeal after an explosive start? we will discuss. the electric truck maker going public, raising leaven $.9 billion in the biggest ipo. the exclusive combination -- conversation with the company ceo. and doordash after an $8 million deal to buy in then delivery service, vote. let's get a look at the markets with critic group debt. u.s. stocks fell by the most in a month. paint the picture. >> stocks are taking this from tech. here is what did not get dragged down. this is chinese adrs, tech heavy. good news in the regulatory backdrop. i want to broaden this out and macro this just a touch and talk about tesla's role in this. tesla, we know this ev space has been driving a lot of gains in the broader index but if you look at a terminal chart of tesla and the current s&p 5

. >> silicon valley and beyond this is bloomberg technology with emily chang. emily: i am emily chang in san francisco at this is bloomberg technology. tough times, new disney+ subscribers drilling netflix by a long shot. is disney's streaming se

>> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is "bloomberg technology." ♪ caroline: i'm caroline hyde, in for emily chang. this is "bloomberg technology." building cutting edge chip fabrication plant in the longhorn state. travel bookings at a record. get a look at what to expect ahead of next year. and taking a look at supply chain issues ahead of the holidays and if supply will be able to meet demand. will catch up with the shutterfly ceo on holiday predictions. we will get to all of that in a moment, but let's get a look at the markets. the tech sector. kriti gupta is in the house. ♪ kriti: it takes a cue from oil, i will walk you through it. today's big news was the release coming out from the biden administration, 50 million barrels put on the market for oil and a way to combat the inflationary pressures you're seeing. to take away for the market is that it is a short-term solution. the oil price still higher at the moment, looking ahead to the demand after the sdr impact. that's where you start to see yields creeping a li

announcer: from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and this is "bloomberg technology." in the next hour, president biden promises change for the better with his new infrastructure law coming at a precarious political moment as polls show overwhelming pessimism across the u.s. about the economy. we will break down the details. plus, another twitter filled weekend for elon musk the world's richest person taking on senator sanders. wide twitter users believe he could be hinting at selling more --tesla shares. and he's the youngest ceo of a public company on track to transform the trucking kindest re-dutch industry. -- the trucking industry. i will be speaking to the ceo of embarq. let's get a look at the markets. kriti gupta has the full picture. >> names like tesla and nvidia down on the day but then you have facebook and alphabet higher on the day. the s&p 500 index essentially unchanged on the day. another thing it shows is a risk off day with the c

. >> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: hot housing market. twitter and tiktok users are raging against the real estate firm as it

in silicon valley and beyond. this is "bloomberg technology" with emily chang. [stand by]

in silicon valley and beyond. this is "bloomberg technology" with emily chang. [stand by] emily: virtual connected worlds will catch on faster than we think. we will talk about how soon mark zuckerberg's vision will or could become a reality. plus, meda means more than a name change -- meta needs more than a name change. why this is just a distraction. -- ed ludlow. ed: it has been a weird start to the week. the s&p 500 up by .2%, eking out a third straight day of gains. the nasdaq 100 had a late rally into the afternoon, closing up .4%, rising for a sixth straight day, its best streak of wins since june. wanted to point out ev related stocks. up 1.3%. tesla, such a massive story on monday, driving up the index. a pocket of weakness, broadly cryptocurrency, down more than 1%. bitcoin stumbled around the $60,000 mark. there was a pocket of the market in memes that was really strong monday. that blue line is a custom index that bloomberg tracks of the 35 most popular meme stocks. it was up by the most since august during monday's session, driven by gamestop which

. ♪ >> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is bloomberg technology with emily chang's. emily:

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>> from the heart of where innovation, money, and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: elon musk's followers have voted the tesla ceo should sell 10% of his stake in the company worth 21 billion dollars. will he do it? we will discuss. another company heads to the meta-verse. amd rallying after landing meta-as a new customer. we will talk to the ceo about teaming up with the company formerly known as facebook. crypto's new milestone. market for digital assets has quadrupled 2020, but will momentum continue? we will discuss later this hour. first, let's get a look at the markets. u.s. stocks edging higher with the s&p notching its longest losing streak since 2017. bloomberg's kriti gupta. >> a mediocre day when we are talking about the index. the s&p 500, closing higher but just barely. we can almost call it flat. the nasdaq, in the red. just a little bit of a marginal move and the faang index, big tech unchanged. a lot of this is going to be positioning for the cpi report wednesday. a lot of this is the fact big tech today w

announcer: in silicon valley and beyond, this is bloomberg technology with emily chang. ♪ emily: this is bloomberg technology. coming up, activision blizzard employees taking a stand, staging a walkout. this