Transcripts For BLOOMBERG Best Of Bloomberg Technology 20180

BLOOMBERG Best Of Bloomberg Technology February 25, 2018

But first, to our lead. Russian bots were caught to be targeting certain hashtags, including gun control now, gun reform now, and parkland shooting. It is just one way to widen the divide among u. S. Electorate on how to handle gun control, making compromise even more difficult. This has happened with past issues like the nfl anthem debate and the 2016 president ial election. This ultimately led to Robert Muellers indictment of 13 russians. Twitter and facebook are facing renewed pressure to do more to expose these bots and fake accounts. Are the tech giants doing enough . We spoke to the senior policy advisor for the counter extremism project from washington. Not only did you see that russian bots come out in full force after the horrific and tragic events in florida, but you also saw the Robert Mueller indictment, citing facebook thirtysomething times, twitter and youtube all mentioned. The Tech Companies have a number of problems on their hands. The bots, which came out after the florida shooting, creating hashtags, trying to create division with divisive rhetoric and fake news conspiracy theories. This is not new. The real concern here is that the same tactic and strategy is going to be taken again in the midterm elections and the same tactic is also taken by terrorist organizations on the platforms. What you are seeing right now is area, a Tragic School shooting, that russia is trying to exploit across these platforms. They clearly have the ability to do so, despite the minor reforms that were made. Walk us through the tactics step by step. I spoke to the researcher of the hamilton 68 project, who has been tracking this, and he says it was almost exactly the same as what happened in vegas. These bots are taking the very innocuous tactic of tweeting and retweeting the breaking news. By 32, they are we tweeting the on guntreme views control. By day three they start to promote conspiracy theories. This is something that we have seen over and over again. You mentioned earlier the nfl anthem issue and the president ial election, so the fear is that this playbook will be applied to the midterm elections coming up. How big of a concern is it that this could move not just from summing discord on social media but fabricating reallife events . We now know that the russians were behind creating a reallife islam protest in texas. Could we see more of that . Absolutely. This is right out of the russian playbook. They are going to continue to repeat it. It doesnt require them to employ a lot of resource. It is easy and they have been effective. The Tech Companies need to take steps to not only get down content that violates their terms of service, but there are other measures that they can take. You arent going to be able to control every individual does online if they do not cross a particular threshold. Having said that, on ad buying, there are specific measures that congress is pushing them to take going into the elections. En banc, Tech Companies say they are pushing against it. Why are there so many bots still operating on these platforms . That is a measure that if twitter was serious about, ive seen Different Levels of reporting, i think 15 of accounts are bots. 5 are what the Tech Companies claim. In any case, there are enough bots that are amplifying the messages of these fake news, russian propaganda, counterintelligence operations that may influence our elections. If the companies are serious, there are clear measures that they can take to crack down on some of this that make a real dent in the problem. Unfortunately we have not seen that happen yet as evidenced by what has been going on this week. You cover twitter extensively. What they are doing and what they are not doing. How are they actually cracking down here . Twitter is doing all that it can come up with a have all that it can, but they have multiple constraints. This is a company that has had financial issues. They only recently just reported their first profitable quarter. They are dedicating as many engineers to the issue as we can, but we have not heard them actually take steps to hire new people to address the problem. Another issue is that even though these algorithms that twitter has are getting better, these bots are changing their tactics much faster than twitter can keep up. Ive spoken to many people on background for work at twitter or used to work at twitter to describe it as a whackamole problem. Ould the moment twitter changes are all rhythms to address spam and bots, we see a new type of pattern emerge. Thats the challenge that they are up against. They have made steps for transparency. Theyre starting a center for transparency in political ads. They said in the 2018 elections they will be working with suredates closely to make to try to keep it as free from russian meddling as possible. When you hear that twitter is doing all that it can, do you agree . I think you hear that rhetoric coming out of all the three big players. Claimar them repeatedly that they do all that they can. If you look at these companies and the amount of money and the size of these companies, they are sort of technical wizards. They are able to do a lot with your data when they want to do a lot with your data, and i think they can address some of these problems. Particularly when the line is being crossed and i would argue that laws are being violated, in terms of ad buying. If they dont fix that, thats going to continue to be a violation of the real World Campaign election finance laws. I do not think the Tech Companies will have the luxury any longer of being able to operate in this free space where laws are being potentially violated and things that are flying an in reality would not fly online. I think what is going to happen here is that you are going to see not just the public start to get fit up with it, but you are seeing other parts of the private sector, most notably advertisers. You had the you to lever executives threatening not to unilever executives threatening not to buy ads on these platforms because to be frank, ad companies dont want advertisements running on platforms where there is russian bots undermining our elections. It is bad form for advertisers. I think you are going to hopefully see the Tech Companies step up. There have been a number of hearings on capitol hill and i think you are seeing pressure out of the u. K. They grilled tech executives here in d. C. Youve also seen them being grilled on capitol hill. Robert mueller has indicted 13 companies and three individuals related to russian meddling in the u. S. Are these the same parties were behind this . What we are seeing from the indictment is what russia is doing is much more sophisticated wellfinanced, well organized, and sophisticated than what congress could have even imagined. I definitely think that creates some fear among lawmakers and these Tech Companies themselves. If they can be as well organized themselves to combat these issues. They had operatives in multiple countries. They had very sophisticated measures to try to cover their tracks. They were buying servers in the u. S. , computers here, and all sorts of very sophisticated tactics to cover up what they were doing. There are many tactics that these companies could employ that they are not doing. Clint watts, who testified, from the Foreign Policy research institute, said that twitter should ban all social bots. Knowing what twitters mission is, this is not something that they would do, but there are obviously more drastic measures that they could take. There also calls of these Companies Need to integrate and talk to each other more, and have some sort of shared database about these bots, and figure out how to more easily and effectively target them together. Tara that was terribl mueller, and selina wang. The federal Communications Commission officially published that they are rolling back obama era Net Neutrality rules. That is the federal government journal that lifts the agency rules. The move is likely to open a floodgate of legal challenges from parties opposing the changes that empower Internet Service providers. Mozilla and vimeo have already filed legal challenges to the fccs repeal. Proposedr at t in its time warner deal. The Justice Department says it does not have to identify if there were communications between the white house and jeff sessions. At t has suggested that President Trumps dislike of cnn swayed the decision. That was to oppose the takeover last year. An antitrust trial date has been set for march 19. Xill ahead, elon musks space successfully deployed a satellite thursday and looks to offer Broadband Internet around the world. That story ahead. Facebook cofounder chris hughes on his new book and how Silicon Valley can push back on income inequality. This is bloomberg. Emily apple is in talks to buy supplies of cobalt. Thats according to people familiar with the matter. It is one of the Worlds Largest users of cobalt for its gadgets. Apple wants to ensure it has enough of the key battery ingredient in the midst of industry fears of a shortage driven by the electric car boom. The spacex rocket carrying three satellites roared into space thursday from the california coast. To teston nine deployed satellites that would provide Internet Access to remote regions. We spoke with Chad Anderson for more. This particular launch is exciting for a few reasons. One is that it carried two of their the test satellites for their megaconstellation. Its going to have 4000 plus satellites. It is delivering communications. This is important for a few reasons. And it is going to connect the other 3 billion like you mentioned. It is going to give people options to their current cable providers. Most importantly, space x is still going to mars, so this is going to be a key piece in their financial architecture that is going to get them there. Talking about this effort to bring Internet Access to the farthest corners of the world. This is something that other internet entrepreneurs havent shied away from like Mark Zuckerberg and google. How is what elon musk is doing different . Satellites provide an alternative in a way to deliver these Communication Services that go beyond uav based and balloon based things that we have seen previously. Typically these communication satellites are in geostationary orbit. That is very high up. Over a particular point on earth. These 4000 satellites going to be much closer to the earth, which gives you a smaller distance that the signal needs to carry. This is going to be incredibly fast broadband connection to the farthest reaches of the planet, on par with new Communications Innovations coming online. Like 5g. Emily each of these launches, also there are new learnings and progress when it comes to rocket reusability. What did we see happen here today . This is very cool to see. Space x continues to push boundaries and keep us all interested. Even in the shuttle and apollo years, we saw viewership start to fall off and its because people want to see what is coming next. Spacex continues to push the envelope. Shield of the payload of the satellites came back to earth and they attempted to catch them with a giant net on a boat. While they missed, they came really close, and it seems like theyve got a good plan to catch them next time. Emily you were at the National Space council meeting. I know they talked about space entrepreneurship. Theres a move toward the future of space travel as a commercial rather than government endeavor. What kind of progress are you seeing there . Thats exactly right. It was good to be in the room yesterday to hear the conversations. It is really good to hear the emphasis on streamlining regulation and licensing. They have moved a lot of Space Operations and space oversight into the department of commerce, which is another key signal that the future of space is commercial. The overarching focus in that meeting was really about space entrepreneurship and how the government can continue to partner with them as a customer. Thats rather than a benefactor or funding the development of new systems. Emily what is the mood, given the messaging from President Trump about turning space into the next freemarket paradise . We have w certainly all been working towards that for the last few years so its good to have the government getting on board with that message. I think the data is starting to back up the story here in a major way. We have kind of reached a tipping where the government has point really started to set up and pay attention. Emily we talked about this in the past, but as space becomes more commercial, what are the sort of safety concerns, regulatory concerns that you expect to see popup . There is a great one with the space x launch today that we can talk about. They have three key challenges. One is the fcc licenses for spectrum. Its a scarce resource and how you sent radiofrequency down to earth. How you bring this unprecedented amount of data back down to earth, and then also how do you navigate the ever increasingly crowded highways in space . Space is very big, but a lot of the key orbits are in demand, so how do you monitor all these things . They provide a lot of opportunities for startups. We are seeing startups address a its one of these concerns with Laser Communications to bypass the radiofrequency spectrum, new ground stations that allow them to steer them electronically, you can do them for much smaller, much less upfront cost. And in debris tracking where we are seeing Companies Come in and really do this in a way that we have never seen before. And a cost point that we have never seen before. Being able to track to centimeter objects and really give us a lot more Situational Awareness of things. Emily that was Chad Anderson, space angels ceo. Still ahead, facebook cofounder chris used joins us on his new book, fair shot rethinking inequality and how we earn. Why he says the American Dream is on life support. If you like bloomberg news, check us out on the radio. Use and listen on the Bloomberg Radio app, bloomberg. Com, and in the u. S. On sirius xm. This is bloomberg. Emily japans softbank is working with nomura on what could be a 19 billion ipo of its Domestic Telecom business. According to people familiar with the matter, softbank could market most of the offering to japanese individuals. That ipo would be japans largest in two decades. Facebook cofounder chris hughes was at the epicenter of the start of one of the biggest Tech Companies in the world. Since stepping away from facebook, hughes has become increasingly aware of wealth inequality in the United States. We caught up with him for a future episode of bloomberg studio 1. 0 and began a conversation on his new book on income inequality. Take a listen. I do think that my story is indicative of an unfairness at work in the American Economy today. Three years worth of work can lead to half 1 billion in financial reward should give people pause, particularly in a moment where median wages have not budged in 40 years. We havent created fulltime jobs and a decade. We create parttime, contingent, flexible jobs. Work has come apart and income inequality is only getting worse. It is important to be honest about the unfairness at work in order to usher us into a conversation about how guaranteed income could restore the American Dream. Emily just being devils advocate, why should we listen to a 1 er about this . Here as aot spokesperson for anybody but myself. Im here to channel a lot of the conversation ive had over the past couple of years and a lot of the people i grew up with who tell me the American Dream is on life support. When you cant find 400 in the case of an emergency, which is what half of americans say, you cant find the gas money to go interview for a job, for child care, health care, all of these kinds of things could we know from the stats but the economy is fundamentally unfair. A lot of us on the left and right are casting about what can we actually do about it to change it . That is where i think the guaranteed income comes in. Emily as you came into wealth, how did that shape your ideas around inequality . Did you have your own personal transition . I think particularly in my case where we started facebook and facebook over the course of nearly a decade grew and grew and grew. I saw my own Financial Holdings grow and grow and grow from the first year that i was working there. For several years after i was not at the company. I was working on different projects, i was working for president obama, i was doing a lot of different things, and yet the wealth just kept growing. It gave me pause. It made me say what is the source of this wealth . Is it the actions we are taking or also Major Economic forces that are happening behind the scenes . And in a very personal way after facebooks ipo, my husband and i decided to give away the vast majority of this money, because it feels like it is the only way to address the unfairness that it created in the first place. Emily tell me about the discussion. When you are fortunate and you come into this kind of wealth, you think about where did this come from, why did i owe to and what do i other people. What i did with my family and what my husband did with their family, theres a sense that you sho

© 2025 Vimarsana