Recommending the u. S. Imposed tariffs or quotas on imports of aluminum and steel. Wilbur ross says the current metal imports threatens national security. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is Bloomberg Technology. Coming up, Robert Mueller unveils the details of a widespread and coordinated campaign by russians to influence the u. S. President ial election using social media to spread their message. Snaps earlynside days to show the companys journeys from one of silicon valleys hottest startups to one of the prominent ipos of the year. Latest from the and technology are gathering in los angeles. We will bring you the highlights including our conversations with ted leonsis. First to our lead. U. S. Special counsel Robert Mueller has charged 13 russian nationals and three corporations with interfering in the 2016 president ial election by using social media. Fake rallies and secretive operatives. Here is Deputy Attorney general Rod Rosenstein on the indictment. There is no allegation in this indictment that any american was a knowing participant in this illegal activity. There is no allegation in the indictment that the charge conduct altered the outcome of the 2016 election. Emily facebook responde in a statement saying we know we have more to do to prevent future attacks. We continue to work closely with the fbi, department of homeland security, and other companies on better ways to protect our country and the people on our platform. I want to bring in our Bloomberg Politics reporter, alex, and with me in the studio, sarah frier. What is the very latest, alex . Alex the latest is they have indicted the 13 questions and a russian company, a troll farm as we like to call it, in st. Petersburg the placed the ads on facebook, twitter, and other social media platforms trying to sway the election for president frotrump. The president elect the white house the president left the white house to go to maralago for the weekend. He has treated about this indictment. There is a statement on this and i interviewed the white house sees this indictment as proof really, and i think they are overstating things by a lot, that the president neither his campaign colluded with the russians to interfere in this election. Emily the president s tweet saying russia started their Campaign Long before i announced i would love for president. The results of the election were not impacted. The Trump Campaign did nothing wrong. No collusion. Sarah, what do you think of the role of social Company Media is here and what facebook had to say . Sarah i think what facebook is saying here that they will continue to work with the government, continue to make improvements to prevent this from happening in the future, you got to break that down a little bit now because now we know exactly how these ads were bought. They were bought on paypal using Fake Identities actually of real u. S. Citizens and using stolen bank account numbers. There is no way the advertising system could have caught that. All of the measures facebook has announced since then and twitter and youtube, those are not ways that could have prevented what happened back then so we are still at this point where if russia tries the same thing again, we still cannot stop it from happening. Emily what happens next in this process . Alex well, the special counsels investigation is not over despite the president s lawyers using the past tense to couple met him today. A very good did job. He is still examining whether there was collusion between the president in his campaign and the russians, so we are expecting future indictments. We are expecting more officials from the white house and from his campaign to be brought into the investigation to be interviewed by special counsel. We expect the president himself to us some point be interviewed by the special counsel. In a sarah, you know, way, this seems to absorb the social Media Companies of any sort of culpability or responsibility, but is there something that they could have done better . Sarah absolutely. I think when we look at this, yes, they may have had trouble detecting the ads that were purchased, but there were loads of different ways that russia intended to manipulate the United States citizens using social networks, and he created accounts that spread fake news, that made things go viral that just were not true. All of those measures could stemmed or prevented or we could have simply way to look at this with a little bit of a smarter lens in future elections. Can we prevent them from buying the media . No. I think what we see here maybe opens up the possibility of there being more russian ad purchases that we do not know about just because it was so difficult to detect. Emily what about paypal . Sarah pathos as they are committed as always to working with investigators. Remember, paypal in its early days have a lot of trouble with authenticity of accounts, with fraud. That is something they worked hard to combat, so using their network for this i am sure this is the first time we are feeling themselves being brought into this process, and they are definitely going to be responding. Emily alex, obviously the collusion investigation is not over, but do we know what muellers team has left . Mueller walex we dont. They have kept their litigation under tight wraps. Rosensteins appearance today was a little unusual. The previous indictments have come without any news conference. I think his appearance was in fact directed at the president. He really seemed to emphasize that this indictment did not find that anybody colluded with the russians. It did not find that the Russia Campaign affected the outcome of the election. Emily so, sarah, going forward, obviously a company like facebook, for example, is making some dramatic changes. They are hiring thousands of people to better control some of these things. This, lifehing like status happened later this year, would Something Like this be able to be prevented . Or is there no way to sibley catch these kinds of efforts . Sarah if people are posing as americans with stolen identities and documents that prove they are they say they are, in a way, that remains undetected by paypal systems, facebook systems. Yes, it can happen again. The question now is what facebook does with its logarithm for the newsfeed to figure out what kinds of posts actually get good play. And if they are able to make it so that stuff that is incendiary, falls, etc. Does not spread on the network quite as easily, that is going to be hard because that will be things people talk about. That is what the network was built to do, emphasize what we have emotion about. If they can figure out a way to do that , we can see a little bit of progress. Emily all right. Sarah, you are sticking with me. Alex in d. C. , or white house reporter, thank you so much, alex, for giving us an update. In real news, we have an update on broadcoms continued pursuit of a rival to make her. Qualcomms board has rejected the recent offer. They stated the proposal but to really undervalues qualcomm and has an understandably high level of risk. The board said it found the meeting to be constructive and that it would be open to further discussions. Coming up, nba allstar weekend well underway in los angeles. Our conversation with his santa monica ands owner at the mbi tech summit is next. If you liked bloomberg news, check us out on Bloomberg Radio, the Bloomberg Radio app, and sirius xm. This is bloomberg. Youtube, and, twitter may been for streaming rights to nfls theres the night football. According to people familiar with the matter, they would bid up to hundreds of millions of dollars for rights that would run for as long as five years. The nfl is getting help in negotiations from fox, which owns the tv rights through 2022. Industry leaders in sports, media, and technology converged today in los angeles for the nba allstar tech summit. Team owner some athletes, and investors will give their take on the latest tech trends, including esports, digital disruption, and tracking. Cory johnson sat down with Sacramento Kings owner Vivek Ranadive and asked about the new stadium that has been running for over a year. Beyond ouras been wildest expectations. Our fans love it. The games are sold out. We have become one of the top five concert venues in the world. Cory really . In terms of revenue or what you mean . Vivek in terms of revenue, performances, we get, and we often have performers bypassing the bay area. Miranda lambert was there last week. She just performed in sacramento. So the future is experiential. We have created the ultimate experiential platform in the world with our arena. At the same time, it is green. 100 solar powered. And it is also completely lit up the downtown. We were one of the worst real estate markets in the country. Now, thanks to this communal fireplace we have created, we have become one of the best real estate markets in the country. Cory how is the Fan Experience different in your arena . I talked to a lot of other owners, and they are talking about this as the example and what they want to try to do with arenas. Vivek we flipped the paradigm on its head. Rather than you having to check into the arena, we have the arena checking to you. Basically from the time you decide you want to go to a game, it tells you how to get there, where to park. Cory on your phone. Vivek yes. And it also eliminates all of the friction. If you think about it, you can be sitting at home on your couch watching a high death game on hi def. Going to a game is tough. You have to fight traffic. Cory you see that your competition is the couch . Vivek our competition is the couch and lots of other things, too. We eliminated all the friction. We made it something that is very interactive. The phone actually becomes the remote for the arena. Not only can you see what is going on, not only can you connect with friends and order food, but you can even say that i am not comfortable temperature wise. It will individually adjust around your area so that you are always comfortable, always engaged. Everything is at your fingertips. Cory what does that do . That sounds really expensive. What does that do for the Business Model of the Sacramento Kings . Vivek it turns out that doing right by the fan is also good business. We are selling out all the games. We are doing unprecedented numbers in terms of food and beverage. And we actually have to keep our place open well after the game is over because fans are enjoying the experience so much. Cory really . That is a very different thing. Vivek yes. We are able to engage the fans well before the game and well after the game as well, so we extend that engagement period, and that is good for business. Cory and you guys got a pretty Good Real Estate deal it seems to me when you agreed to build the stadium in downtown sacramento and get surrounding real estate. Vivek yes. Downtown is now popping. You i first came there, could have thrown a bowling ball and it would not have hit a soul. Now there is lots of people, lots of businesses. It has had a billion dollar impact on the local economy. Thousands of new jobs created. Lots of new businesses opened up. It has become the ultimate experience center now. Cory one of the things in los angeles, Staples Center has three main sports tenants, but really two. The clippers are the third. You have a hockey team and the lakers. Do you need to have a second thing . You have only 50 games a year all in for basketball . Vivek since we have opened the arena, we have had virtually no dark days. There is always something going on there. A concert, some kind of a cowboy show. Cory right. Vivek there is always something going on at golden one center. There is heavy demand. People want to come there. We not only eliminated the friction for our fans , but one of the first things we did when we started this is i consulted with people like drake and said, what do you want in the arena of the future . They said, make it easy for us. If you are a bigtime performer, you have vendors coming through. If you go to a place like barclays, it is very difficult. You go down, sit on a turnstile, turn it around. With us, it comes right off the freeway. There is very little friction. You have to make it easy. We have made it that it is very attractive to perform there. They can have choices on where they want to have the platform. Concert. Lady gaga she performed in one part of the arena and then moved to another part and engaged with fans. It is a whole different extremist for the fans and performers. Cory the artists are requesting to do a gig in sacramento because of the way the stadium works . Vivek exactly. Emily that was Vivek Ranadive with cory johnson in los angeles. Coming up, five years ago, snapchat walked away from an acquisition offer by facebook. How the company came to a decision to turn down 3 billion. That is next. This is bloomberg. 2013 onets go back to facebook once made eight 3 billion offer to buy snapchat. Cofounder stunned the industry when they walked away from this potential deal. Snapchat went on to be one of silicon valleys hardest hottest startups and popular ipos. It has had its ups and downs bringing the question of what a smart idea to turn on that offer . Billy gallagher joins us along with sarah frier, who covers snapchat for bloomberg. They turned down 3 billion. How did you decide to write this book to years ago . Two years ago . What do you think the smart move was . Writingt and started when i was a sophomore, in my first interview and my first interview was about snapchat. Lucked out there. Emily very fortuitous. Billy exactly. I was drawn into how much my printer using snapchat and how much of the media did not understand it. Fascinating story and i wanted to keep following it. Emily sarah . Sarah i am very curious how you have seen evan grow from the early days when he was basically a frat boy at stanford and youre watching him party and you describe in your book to now i saw him yesterday at the Goldman SachsTechnology Conference talking to a room full of guys in suits. Has he grown up as a leader . What techniques do you think he has used to get there . Emily all the. Heated hold on. He did not just party. There were very question what emails. Billy it is interesting what he has managed to add and change while keeping some of the things that make him work as a leader, ceo. He is very good at taking feedback from trusted advisors like michael, the chairman of ok, iard, and realizing, need to work on this part of my personality, this part of the company while keeping that had strong belief in himself while keeping his understanding of users. Who certainly has 20 over to go, but he has done an impressive job of growing the past six years. Emily he does not really court the media. He does not give interviews very often. With a ceo like that, it can often be hard to really understand what his vision is. Do you think he needs to open up . Billy absolutely. Not just externally. He purposely does not comedic a very well in the company. Sarah he did not cooperate on the book. Billy he did not cooperate on the bookbilly , but we saw at the vanity fair conference that he said he needs to get better at communicating internally annexed early. Earnings thatq4 he is listening to wall street more and making changes for what they want to see. Emily with all of these stories about companies, when you write a book about it, there must be some sort of lesson. What is the lesson that a reader would take away from the snapchat story as you tell it . Billy i think the lesson is just how much snapchat and evan are the same. And bobby and i him controlled the shares. Made thee struggle but gutsy calls to turn on facebook for 3 billion to create a new product in stories to take the Company Public when others are think private. Sometimes over rely on the headstrong founder myth that in snapchat case is true. More voterven has control then Mark Zuckerberg does, larry page and sergey brin, in that he is the sole voice on what happens to the Company Along with bobby. Billy absolutely. Emily is that a good thing . He has lost a lot of executives. We hear from people inside the company that it is really his way or the highway. We can imagine some of the conflicts that must have arisen between some of the executive to oregon who are very experienced executives who have gone who are very experienced. Billy i think the amount of structural and cultural control they have failed to develop a Leadership Team that is strong beyond evan. So much of the product is driven by what he thinks you want and that has worked for a while, but it is hard to keep having the hits over and over and over again driven by one person. Sarah your piece about evan, history as a leader being the thing driving to snapchats success, has it changed at all after the year they happen public . Almost a year in a couple weeks. Billy yes, coming up on the anniversary. They are analogous to uber. Travis took uber from zero to where it is today. Clearly not the person to keep it moving forward. It is worth questioning. Evan is clearly the person to take it here. Most of us would have sold to facebook for 3 billion. It is worth asking if it is just going to be evan on the team and with so much control, is he the person to take forward . Emily you think they need a new ceo . Billy i dont think they will get a new ceo. I wonder if the control is good. What is your outlook emily what is your outlook . Billy they have shown they have created new products that are exciting. Definitely good for morale. Goodwill withgh users that they have time to figure out what the next big thing is. Sarah will they have somebody to kind of bring that . Billy they need it but i am skeptical that will have it. Emily nice short answer. A new book out now. You can buy it at amazon or your independent bookstore. Thank you so much for joining us. Coming up , social media firms once again in the spotlight. We are going to be talking about facebook. That is next. This is bl