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 fintech startup. He has played a leading role at the company. He has his work cut out for him. He will fill a Leadership Void that has existed since the cofounder resigned as ceo last year, amid accusations of Sexual Harassment. We got all the details from Bloomberg News tech reporter 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. Including the livestreaming, the contact strategy and paring back some of the other businesses to focus on user engagement. 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. Emily interesting. There was a tweet. He has been a friend, partner, and mentor to me for years. He always has my support and gratitude. Thank you. There was plenty of commentary. Now twittervorite, has three interns and a parttime ceo. Lets lets talk about the logistics. They are not revealing this position and what that means. I just got off the phone with a source. They are going to ss, they are going to assess, do they keep the current organizational structure that was reporting to noto . He was in charge of the business structure. Do they want to change that . If 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 . Julie it is a boom to their business. I view the company as a darling of fintech. It has always done very well. 2017 wasnt a great year. Now all the cofounders are gone. 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 firm is. Years ago, cagney said ipo is on the horizon for 2016, was the original timeline. We are already in 2018. Sort of where all that stands now. Emily i can only imagine that the culture there has been somewhat beaten down by all of the Sexual Harassment allegations. Which didnt just surface with mike cagney, but other executives. How would you describe the culture of the company now, the sentiment among employees . Julie right now, people want 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. Before, there was no one to say, 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 . Selina i think that is a great way to put it. He has put 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. One of the metrics that looked positive is the daily active user growth. The growth rate has been 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. It has been an effort between them. Him leaving is not going to change that. Emily that was selina wang and julie. Bloomberg lp operates a Global News Network on twitter called ticktock. In the biggest blow to the 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. It is a move that threatens to handicap the 28 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 260,000. Coming up, ubers ceo speaks to bloomberg tv from davos. He says the ride hailer aims to be profitable. If you like Bloomberg News, check us out on the radio. You can listen to us on the app, bloomberg. Com, or on sirius xm. This is bloomberg. Emily googles ceo has opened to paying more in taxes. At the World Economic forum, he explained the more important question was where google should pay. The companys current Global Tax Rate is 20 . Critics have accused large u. S. Technology Companies Like google of paying too little tax outside the u. S. , despite having 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. Take a listen. The core business 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 as uber elevate, where nearterm 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 takes big risks. John to what extent do you think that drive towards profitability is against this culture change . You talk about making money, but not at all costs. Are these two things against each other . Dara i dont think that profitability and culture are the issue. The company, in the past, was willing to make tradeoffs as it related to how it did business. I think it was guilty of hubris, was guilty of thinking 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 specifically talking about those tradeoffs that you have to make. We have to be more patient, because working with governments, regulators, etc. , sometimes takes longer. In the end, you build a more lasting business. Maybe what we want through 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, not only 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 the regulatory problems. All the cases against you. I think there are six criminal probes going on. Which ones do you fear most, i suppose . Dara listen, i think all of 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. I do think 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. John some of these things like pricing policies, surely they go right to the heart of what uber is, or am i wrong . Dara i think they do, but i think there is a way to be smart and transparent at the same time, and that is where we got to take the company. Emily we continued with the ceo from davos. He discussed the future of his industry, like Autonomous Cars and how technology will help bring changes to the road. Dara we think there are three keys to transport and where the industry is going. Autonomous, electric, and shared. I think all three are necessary to get to the next level. There are many cities where up to one fifth of the space in any city is for parking these cars. I do think they i do think that you need autonomous, electric, and shared. It will take some time. True autonomy for every single use case is some ways a bank is some ways away. What we bring to bear is our developing autonomy, and we will have Autonomous Cars on the road in the next 18 months, not as a test case, but as a real case out there. Over a period of time, we will bring autonomous transportation and feather it in with other nonautonomous transportation. John what does feathering in mean . If you are 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 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. You may think that is not an autonomous use case. We will send a driver to pick that person up. For 5 of cases, everything is going to fall in place, and we will send an autonomous car. The user will be able to pick. Do you want the autonomous car, yes or no . We will service that. That 5 is going to 10 and 15 and 20 , as our computers and our algorithms learn more and more about what it takes to drive in a city in a reallife situation. Every minute of every day, that driver, the computer is going to get better and know 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 take time, but over time, you 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. I dont think so. Emily that was ubers ceo 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 2. 6 billion stock award. If fully vested over a decade, Stock Options could make him almost 55 billion. He has agreed not to get salary or bonus. It appears to be teslas way of ensuring musk will stay. Coming up, amazon at it again, further disrupting the brickandmortar industry by introducing Cashierless Convenience stores. We will head to seattle next. We will take a closer look at the impact to the bottom line. This is bloomberg. Emily amazon announced a two dollar 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. Including students and low income users who pay a lower rate. Amazon is making a play for the struggling 550 billion u. S. Convenience store industry, unveiling amazon go to the public in downtown seattle this week. The store lets shoppers grab what they want and leave without paying a cashier. We went live to seattle from the store and spoke with bloomberg techs, spencer soper. Spencer 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 phone, get a qr code, scan it, that opens the glass turnstile, then you walk in. Once you are 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 a thing of history. Emily how well staffed is the store . Are there security guards, clerks to help . Are there folks to prevent theft and the like . Spencer theft is not an issue. Today, there is a lot of amazon people on board. They have part of the sidewalk cordoned 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. You figure maybe 80, 85 customers at a time in there. Inside the store, they have a number of employees, mostly preparing sandwiches and salads. They also have people constantly stocking and replenishing the shelves, as well as they have a small beer and wine section, and they have to have a person there monitoring to make sure anyone is of legal age. Emily this is the first store. How quickly do we expect amazon to roll these out . Sorry, you broke up a little bit on me. Emily how quickly do you expect amazon to roll out more stores . Well, they havent broadcast 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. That said they have hired and , listed job openings for people specifically for amazon go. Things like Site Selection managers and construction managers. We can expect them to bring this to other markets, as long as they are happy with what they are seeing here, similar to what they did with their bookstores. Which they started in seattle and they now have a dozen or so around the country. Emily how much do you think these amazon go stores could disrupt the brickandmortar Convenience Store industry . Spencer the Convenience Store industry is fragmented. You mentioned the 550 billion revenue earlier. More than half of it is gasoline sales. More 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. The opportunity 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. Amazon is trying to get closer to customers, and there is nothing closer than Convenience Stores. They are everywhere. Emily Emmanuel Macron has been calling on paris to 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. The Company Wants the group to be close inside to its team of 120 applied Research Engineers in paris. Facebook says it will double its ai lab there to 100 by 2022. That includes 12 million in hardware spending. Meantime intel reported earnings , this week, the First Time Since the chip flaws were revealed. Cory johnson took a look at the companys response to the problems and the curious timing of a stock sale. Cory cef 2018, the Biggest Party in technology, and among the keynotes, intels ceo. Showing off a kitchen sink of tech from br. Replace we place multiple cameras. Through a legion of drones, you just witnessed the worlds first 100 drone indoor flight show without gps. Cory why not . The real tony romo. Cory there was an elephant in the room. The flaws in intel chip design. They allow hackers to steal data from cpus. How many computers . Intel makes 90 of the worlds computer processors and makes 9 of the server chips. This flaw 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. Cory not yet, but hackers have proven themselves to be persistent. The patch to the flaws is flawed itself. It can slow chips 30 . It hasnt helped the stock performance. Will the Security Threat threaten sales . Company struggles to crack the smartphone market. Companies like amazon, apple, and google are working on their own chips. To make matters worse, in the six months since the last time intel had worked to make a big fix, like this was a 1994 pentium recall. The last time they had to fix the chip was in 1994. That kind of problem might not fly with investors. Emily that was cory johnson. Coming up next, we will hear from the former apple and alphabet executive as he voices concerns over tech addiction in children. What one of the original iphone creators has to say, next. A reminder all episodes of , Bloomberg Technology are Live Streaming on twitter. Check us out. This is bloomberg. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. 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. Serious concerns continue to circle the Tech Industry about being addicted to your iphone, smartphone phone, or being absorbed by social media. We sat down with tony fadell how he is handling this issue as one of the creators of the original iphone. Tony i look at it as a whole set of unintended consequences that allowed kids and adults to be on them all the time. If they so choose. We have tech free sundays where the family is off of electronics, including the parents. We do other things together. Not 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. We do that. We have screen time limits. It is difficult, because we dont have many controls to do t