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Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

Widening itsftc is investigation of amazon. We will have details. National Security Risk blackburn on the social media app tictoc. Chinasled it to best detective. We will talk to her after tictoc says it has made changes. We begin with major changes happening at alphabet. Larry page and Sergei Brennan brinnced sergey announced they are stepping down. Remain active and remain on the board. On tuesday it was a pretty big surprise actually. There had been some questions about how much longer send our dar would want to be ceo of google. Google is under a massive amount of scrutiny. There have been internal protests within the company. This really was a surprise. He has basically had to deal with all of these things and now he will be back dealing with all of those things that happen under the apple umbrella, sergey ared visionaries and sundar is an executioner. Where they fit in . Se together founded the Search Engine more than larry and sergey together founded the Search Engine more than

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

Following googles larry page and sergei brin announcing they are leaving. The tech sector saying a lot of goodbyes. Clouds gather. Sources say the ftc is widening its investigation of amazon to include its massive cloud business. And u. S. Senator Marsha Blackburn on the social media app tiktok. We will hear from her after they say they have made changes. But we begin with major changes happening in alphabet. Larry page and sergey brin announced they are stepping down from the tech giant. The google ceo will now be the ceo of both google and alphabet. Page and brin will remain active as cofounders and remain on the board. I spoke to guests on tuesday. It was a pretty big surprise. There had been questions about how much longer sundar might want to be ceo of google. Those questions have been a bubbling up a little bit. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had t

Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240713

Sources say the ftc is widening its investigation of amazon to include its massive cloud business. We will have details. And National Security risk. U. S. Senator Marsha Blackburn on the social media app tiktok. She has called it chinas best detective. We will hear from her after they say they have made changes. But we begin with major changes happening in alphabet. Larry page and sergey brin announced they are stepping down from the tech giant. The google ceo will now be the ceo of both google and alphabet. Page and brin will remain active as cofounders and remain on the board. I spoke to guests on tuesday. It was a pretty big surprise. There had been questions about how much longer sundar might want to be ceo of google. Those questions have been bubbling up a little bit. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had to deal with all these things and he will be ba

Transcripts For BLOOMBERG Bloombergs Studio 1 0 20240713

And weapons the promise and the peril of the digital age. Im tom giles, in for emily chang. Joining me today on bloomberg studio 1. 0, brad smith, president of microsoft. Tom brad, thanks for being with us today. A lot of the last year has been spent talking about and spilling ink over this complex relationship between the u. S. And china. Id like to hear more about your concerns about the way this is playing out between the u. S. And china, and what impact that could have on u. S. Technological leadership on a global arena. Brad the u. S. Is the Digital Technology leader in the world today, but one of the important things for all of us to remember is that we dont actually invent or create technology by ourselves. If you buy an American Technology product, a product that is made by an american company, in all probability, it consists of inventions that came from Silicon Valley as well as bangalore and beijing and dublin and london, toronto and melbourne and the like. We need to continu

Transcripts For BLOOMBERG Bloomberg Technology 20240713

Called it chinas best detective. We will hear from her after tictoc has said it is made changes. A Software Company beats thirdquarter earnings estimates across the board but after hours, shares are falling. We will break down the numbers. First to our top story. The shakeup at alphabet. The cofounders step down from the parent company. Investors responded by sending shares up on the company about 2 . To discuss, dan morgan, senior portfolio manager. Also with us mark bergen who covers the company. We spoke care about 24 hours ago. Remind us again if this is the right time to be taking over both companies. Wall street thinks so. Hes been running google since 2015. Alphabet, for all intents and purposes, is google. 99 of the revenue comes from google. Wall street had been uncomfortable with the expenses founders have made and bigger bets that have not panned out. This might be a sign that there is professional management at the helm. From employees, i have heard mixed results. Some say

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