First, to our lead. A shakeup for the Leadership Team at twitter. The ceo has resigned from the company to take the ceo position at a thing tech startup. Ch startup. T a finte work cut out for him. He will feel a Leadership Void that has existed since the cofounder resigned as ceo last year, amid activations of Sexual Harassment. We got all the details from selina wang. That delivers a blow to twitter, especially just at the very early beginnings of their turnaround strategy. Several analysts upgraded their company. They are finally showing revenue and user growth. Noto did put in place much of the structure they needed to continue this turnaround. Some sources have said that this could provide a Good Opportunity for jackson. He and noto havent always agreed on product division. This could be a way for him to pursue other paths that havent been possible. Tweet. There was a one of my favorite commentaries is that twitter now house three interns and a parttime ceo. But talk about the logistics. Twitter now has three interns and a parttime ceo. We justlk about the exterior lets talk about the logistics. Do they keep the current organizational structure that was reporting to noto . The businessrge of structure. Do they want to change that . So, do they want to promote someone to fill that role, or do they want to hire someone from outside . As of now, they will disperse that and have the top ring fill in the position that he is now leaving. You are right, we have a dual ceo at this company, and without a coo, a present the problem. Emily by all accounts, this seems to be a win for sofi. What is the word you are getting . It is a boom to their business. As a darlingmpany of fintech. 2017 wasnt a great year. They lost their cfo, their chief revenue officer. Now they have clarity, bringing leadership in, and a bigname. It should be good to get the company back on track. They are answering questions a lot of people at the company have into what the direction of the firms. Years ago, cagney said ipo is on the horizon for 2016 was the original timeline. We are already in 2018. Can only imagine that the culture there has been somewhat beaten down by all of the Sexual Harassment allegations, we didnt just surface with mike cagney, but other executives. How would you describe the culture of the company now, the sentiment among employees . Onet now, people are to wait and see what anthony brings in. They are glad to have an adult in the room, to have a leader, someone to look to. To say,there was no one all right, this is our strategy, this is where we are going. Everyone was in waitandsee mode. Emily twitter is about to report earnings. The company has been improving when you look at the numbers. What are we expecting . Is anthony noto leaving on a high note . In place a lot of the fundamentals. He planted the seeds, and now they are ready to bloom. It is an opportune time for him to leave. Expectations are good. Analysts dont think him leaving is going to change the company. Twitter has stopped shrinkage and are starting to grow. The growth rate as the them looking positive in terms of the users coming to the platform, time they are spending on the platform, and a lot of that should be credited to jack as well. He is the one spearheading a lot of the user interface and product updates, like the algorithmic timeline and notification changes, explorer does. There has been an effort between them. Lp operates arg Global News Network on twitter called ticktock. Blow to thest Renewable Energy industry yet, President Trump decided on monday to slap tariffs on imported solar panels. The u. S. Will impose duties as much as 30 on solar equipment made abroad. If princeton handicap a 20 billion industry that relies on parts made abroad for 80 of its supply. The industry has predicted tens of thousands of job losses in a sector that employed 200 that implied 200 60,000. Coming up, ubers ceo speaks to bloomberg tv from davos. You like bloomberg news, check us out on the radio. This is bloomberg. Has openedles ceo to paying more in taxes. He explained the more important question was where google should pay. The companys current minded Global Tax Rate is 20 . U. S. s have accused Large TechnologyCompanies Like a google of paying too little tax having the u. S. , despite a large portion of the revenue from other countries. One of the biggest startups on the planet is turning a corner when it comes to profitability. Uber has been losing billions of dollars a year. John mickelthwait spoke to ubers ceo at the World Economic forum. The ridesharing business can be profitable within three years. We will continue to make very aggressive investments in building autonomy, because that is a terrific opportunity for building new technologies such neartermevate, where profitability is not a goal, but longterm growth is. We will look at the balance of nearterm profitability, but as a company, we will always be a company that take the takes big risks. Do think that drive fights a little bit against of this culture change . You talk about making money, but not at all costs. Dara i dont think that profitability and culture all culture are the issue. The company come in the past, was willing to make tradeoffs as it related to how it did business. I think it was guilty of hubris, of the game they knew better than others, and i think that what we know now clearly is that breakneck growth can hide cultural issues, that there are no excuses for not doing the right thing, and that you do have to make tradeoffs. As a management team, we are talking about those tradeoffs that you have to make. Patient,o be more because it sometimes takes longer. In the end, you build a more lasting as this. Maybe what we want for was necessary, but we are here. We can control our actions from this moment onwards, and i think everyone at uber from this moment onwards wants to build a great company, notably in terms of growth but in terms of the kind of Company Anyone would want to work at. John can i ask you one thing, the hangover from last year, all problems. Tory if you take all the cases against you, six criminal probes going on. 7 lawyers are dara lawyers are lining up. John which ones do you fear the most . Think all of i them are serious issues, and my response is that we are going to be transparent and we are going to take responsibility for our actions in the past. That there are certain circumstances where there was smoke but no fire. As a company, we have to defend ourselves and work within the appropriate frameworks. My goal is to get beyond this stuff. Pricing policies, surely they go right to the heart of what uber is, or am i wrong . Dara i think they do, but i to be smartis a way and transparent at the same time, and that is where we got to take the company. Emily we continued with the ceo from davos. Future of hishe interest he liked Autonomous Cars and how technology will help bring changes. Dara we think there are three keys to transport and for the industry is going. Upon, electric, and shared. The tana missed, electric, and shared. I think all three are necessary to get to the next level. Of the the cities space in any cities is for parking these cars. You need a taunus, electric, and shared. It will take some time. True autonomy for every single use case is some ways a bank that we bring to bear is our developing autonomy, and we will have autonomous on have Autonomous Cars on the road in the next 18 months, not as a test case, but as a real case out there. Over time, we will bring a taunus a thomas transportation Autonomous Institution and feather it in with other transportation. In means, if you are for example in phoenix, and you make a request to go from a to b, which is what you do with uber, there will be 95 of cases where we might not have everything mapped perm thickly or it may not be the right weather or there may be an accident on the road or you may not have two or three ways of getting from a to b mueller you may think that is not an autonomous use case. For 5 of cases, everything is going to fall in place, and we car. Send an autonomous the user will be able to pick. We will service that. That 5 of going to 10 and 15 and20 , as our computers our algorithms learn more and more about what it takes to drive in a city in a reallife situation. Every every minute of every day, that driver, the computer is going to get better and no phoenix better and better, and in five years, we will have the perfect driver in phoenix. We will have to retrain that driver in every single city. We will have to build that 3d map of the cities, and it will time, you but over essentially have a driver who becomes the perfect driver. It will take 10 to 15 years, but that is the feathering in. John will a child born today ever need to learn to drive . Dara a child born today . No. Ceoy that was ubers speaking to bloomberg in davos. It is an all or nothing pay package for the founder of tesla. Tesla has granted elon musk the largest of its kind to . 6 billion stock award. Decade, vested over a stock 8 Stock Options could make him billions of dollars. He must agree not to get salary or bonus. Up, amazon added again, further disrupting the brickandmortar industry by introducing Cashierless Convenience stores. We will take a closer look at the impact to the bottom line. This is bloomberg. Emily amazon announced a two dollars a month increase for prime monthly members. The spike in price will generate an extra 300 million annually for amazon. Cowen estimated that 300 million given the analysis of monthly customers. Theon is making a play for struggling 500 50 billion u. S. Convenience store industry, unveiling amazon go to the public in downtown seattle this week. The sure lets shoppers grab what they want and leave without paying a cashier. We went live to seattle from the store. We have been here since lunchtime, and at lunchtime the line was around the corner. There is a lot of excitement. It has died down as the afternoon has worn on. This is a store where you walk in, have an app on your smart it,e, getty qr code, scan that open the glass turnstile, then you walk in. Inside, you pick from sandwiches, salads, drinks, a lot of Traditional Convenience store staples, and everything is billed automatically. There is no cashier. You just walk out. They are trying to make the check out counter logjam i think of history. How well staffed is the store . ,re there security guards clerks to help . Theft is not an issue. Today, there is a lot of amazon people on board. Have part of the sidewalk court and off to accommodate the line. They are rolling out the carpet. They are limited by the fire code. They say the technology can handle big crowds, but you can only get 100 people in there at a time, and that includes staff. Inside the store, they have a number of employees, mostly. Reparing sandwiches and salads have people constantly stocking and replenishing the shelves, as low as they have a small beer and wine section, and they have to have a person their monitoring to make sure anyone is of legal age. This is the first door. How quickly do we expect amazon to roll these out . You broke up a little bit on me. How quickly do you expect amazon to roll out more stores . Broadcastvent anything. They said they are going to focus on the store for now, and they have been beta testing for more than a year, having it employee only. They have hired and listed job openings for people specifically for amazon go. To bring thisthem to other markets, as long as they are happy with what they are seeing here, similar to what they did with their bookstores. How much do you think these amazon go stores could disrupt the brickandmortar Convenience Store industry . Store convenience industry is fragmented. You mentioned it earlier. More than half of it as gasoline sales. Than 200 billion in food and moving towards fresh food, and so they are looking for a market for the on the go person looking for a quick bite to eat. It is a mini whole foods inside. There is largely for amazon with their brickandmortar strategy, their ecommerce operation is distanced from its customers. They have warehouses around the country, but generally you dont see them. You dont even know how something gets to your door. Get closerrying to to customers, and there is nothing closer than Convenience Stores. They are everywhere. Emily a Emmanuel Macron has been calling prepare is be an innovation hub. Facebook and google are working to fulfill that. Google says it will create an ai lab dedicated to fundamental research on the topic. Facebook says it will double its lab there to 100 by 2022. That includes 12 million in hardware spending. Intel reported earnings this week since the chip flaws were revealed. Cef 2018, the Biggest Party in technology, and among the keynotes, until the ceo. Ceo. Tels through a legion of drones, you just witnessed the worlds first 100 drone indoor flight show without gps. Why not . The real tony romo. The flaws in intel chip design. Hackers to still better from cpus. Intel makes 90 of the worlds computer processors and make 9 of the server chips. Puts every pc, smartphone, and server in the world at risk. As of now, we have not received any information that these exploits have been used to obtain customer data. Hackers haveut proven themselves to be persistent. The patch to the flaws is flawed itself. It can slow chips 30 . Will the Security Threat britain sales Security Threat threaten sales . Worse, tters the last time intel had to make 1994 fix like this was a pentium recall. That kind of problem might not fly with investors. That was cory johnson. Coming up next, we will hear from the former apple and alphabet executive as the voices concerns over tech addiction in children. But one of the original iphone creators has to say, next. Bloomberges of technology are Live Streaming on twitter. Check us out. This is bloomberg. Emily welcome back to the best of bloomberg technology. I am emily chang. The topic of tech addiction is grabbing the attention of parents, teachers, and tech giants. This includes tony fadell. Concerns continue to circle the Tech Industry about being addicted to your iphone, smartphone phone, or being absorbed by social media. Howat down with tony fadell he is handling this issue is one of the creators of the original iphone. As a wholek at it set of unintended consequences that allowed kids and adults to beyond the mob a time. Them all the time. We have tech free sundays where the family is off of electronics, including the parents. , not other things together that tech is bad, but there are times we should just be facetoface and talking about things and doing things together without screens coming between us. Do that. We have screen time limits. It is difficult, because we dont have many controls to do that. We look at our behaviors with screens at night. These kinds of things to understand that moderating use of these devices. Emily what you think the impact is on adults and on children . I amlook at this as not a researcher. I am not a doctor. I am not looking at it as an addiction. I have seen stories and i have had friends who have kids with addiction is his addiction issues as well as adults. I look at this as we need to have tools and Data Information to allow us to understand how we consume digital media. If we look at this and draw the with Something Like food, think about food. Today, we have skills so we can measure our wait. We have nutritional information on the side of boxes and different foods is so we know what is in there. Us toe programs to allow control our eating habits. We have definitions for words like, what is approaching . What is a protein . So what is a protein in a Digital World . Is a sugar a social mobile app . Is Something Like water the camera app . We need to build nomenclatures around these kinds of habits and start to talk about them instead of saying it is addiction or not. Languageo get finer and start to understand that the iphone is just a refrigerator. It isnt the addiction. It delivers food. We can then choose to pick what we want, what is a protein, what is a fat from that refrigerator, and hopefully consume it in the right portions. We have a scale to measure ourselves for seeing how much we have consumed each day or each week. Emily the Business Models of companies are predicated on how long we use their products. Do you think facebook should be telling us how long we have been using facebook . First, i think not all of the Business Models are based on how much screen time you have. Some are and some arent. You have to look at the individual business and figure out what their key metrics are. I know, back in the day when i is that when i was at apple, that was not revenue driver. For apple, it is about selling more devices. If you think about it, i think users will buy more devices if they have the information and control over those devices. A lot of peers consider, should , buy them a cell phone or not a tablet or not . They would buy multiple devices if they knew they could control them. They are wary, because their likes, i have to collect all of these devices and set controls on all of them. Limiting the business to central the business potential for a device manufacturer like apple. Emily what about facebook where the business literally gives where the business literally is the more we can show you, the more money we can make . Tony my kids are under 11 years old. They dont have any kind of social mobile accounts. Our family doesnt use them. At the end of the day, you need to look at the contents of that social mobile app. What is a protein . There is a great protein inside facebook where you can connect with family and friends and share stories. Is there a nicotine or sugar component where stories and adds distract you . We to look at each app and think about its benefits and distractions. I get all kinds of different emails to get me to reengage with certain apps or