Lofty goals to combat climate change. We will have details. Based cloudyork software company, data dog sees a pop in shares after the company goes public. We will hear from the ceo. Way launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its profounds. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . To be a is going massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming online a little in the u. S. But mostly in europe and china. Huawei obviously a chinese brand. They are doing the right thing having 5g out of the gate and given how strong china is in 5g and how important the iphone is to china, i am surprised this years model did not have 5g as well. Huawei should get some credit for having a 5g model ready. A tail windmuch of is 5g to overcome the headwind of not having Android Software . Mark that is a very good question. The issue with google not being able to provide huawei with android is really an insurmountable hurdle, in my opinion. So much of using the device is the ecosystem of applications. We await accuracy ecosystem may be decent in china, but outside of china, you rely on access to Google Services like gmail, all the bells and whistles that having android provides and not being able to do that is a dealbreaker to many consumers, unless they are in china or huawei diehards. Taylor at what point is that phone outdated . Shery right out of the gate, not having the android limits the app ecosystem, the ability to update. You could have the best hardware in the world but what really makes a phone good is integration between hardware, software and services. Apple has done this very well, being able to build both on the hardware and software side. Populars the most operating system in the world because of how it is optimized for hundreds of thousands of phones and tablets all over the world. Coming out with a phone without one of the major operating be ams is really going to dealbreaker for a lot of people. This phone is going to struggle out of the gate except for super huawei fans. Taylor how big is huaweis presence in europe . Mark europe is one of huaweis biggest markets. If you compare europe to the cant buymarket share it in major retailers. Many retailers are not carrying it. Best buy does not sell it. Europe is where its at in addition to china. Taylor i was posing this question to some analysts over the past few weeks as we confront rising nationalism and proapple products here. I was wondering in china when they would start to get a pro nationalistic sense about huawei. Is that starting to happen, where the Chinese Consumer is favoring huawei over apple . Lot of fearwas a over the past launch cycle, so at the end of last year, at the height of this tariff conversation with the Trump Administration between the u. S. And china, there was a fear that nationalism was driving await sales of the iphone. If you remember, there was that big a sales slowdown, particularly in china at the beginning of 2019, and one of the fears people were raising was people were not buying iphones because they were buying way way instead, because they wanted despite the u. S. And apple being a u. S. Company. I do not see that ongoing. Taylor on all things hardware and software, mark gurman. Thank you for joining me. Taylor Mark Zuckerberg visited washington a meeting with regulators about how to police the internet. He ended a dinner with a group of senators including mark warner. He spoke to bloomberg about what went down at that table. I think mr. Zuckerberg acknowledged that selfregulation is not going to cut it, that the federal government needs to act. There need to be rules of the road. Those roles need to include more transparency, the ability for americans to know and we have to move around Election Security issues. , there wasese issues not a full meeting of the minds. I think he realizes that the status quo and the days of the wild west are over. In terms of antitrust investigations and whether facebook is too big, did that topic come up and where did that stand in the senate . A number of Judiciary Committee members were there. I am not going to get into what specific questions they ask. There was more conversation about things like Election Security, identity validation so that we can cut back on the hate speech, the manipulation that has been used by foreign spy services trying to represent themselves as americans. Leaveics, i am going to to the members who may have raised those issues. In terms of a regulation that time a timeline that regulation may happen, what is that timeline . My sense is that it should be sooner than later. Onot of work has been done privacy. I have a series of bills that are all bipartisan. I would hope to get these to the floor. I think all of this legislation will get 75 votes. One of the concerns has been that the white house has been reluctant, particularly around Election Security, because it somehow makes them feel like 2016 might not have been valid. Im not looking to relitigate 2016. I am looking to make sure our system is safe. Taylor that was senator mark warner speaking to bloomberg. Coming up, amazon going green with plans to cut emissions and it just put in a big order from one start up to get there. We find out why. If you like bloomberg news, check us out on the radio. You can listen on the bloomberg cap, bloomberg. Com and on sirius xm. This is bloomberg. Taylor google has made the biggest ever purchase of Renewable Energy by a single company. Deals tos sealed 18 buy 1. 6 gigawatts from wind and solar farms across three cant continents. The announcement came thursday in a blog post by the ceo. Google says it cannot produce more power through clean sources and the entire nation of uruguay. The announcement comes on the same day that amazon ceo pledged to make his company net Carbon Neutral by 2040 and meet the goals of the paris climate pact 10 years early. In a press conference in washington, d. C. , bezos acknowledged global criticism of amazons approach to climate. Foron also confirmed a deal 100,000 bands to electrify amazons delivery slate. From newe to discuss york is Bloomberg TechnologySenior Executive editor, brad stone. Thank you for sprinting back from d. C. From that press conference to join me. I first have to ask, big Renewable Energy goals, how do they plan to get there . We should say, it is a day before 1500 amazon employees were about to walk out of their jobs to protest what they view as amazons climate inaction. Strategically timed press conference by jeff bezos in d. C. At the National Press club. They announced a few things. A formation of a new Organization Called the climate pledge. They said they want to get to the paris climate agreement 10 years early. They are going to buy 100,000 electric vehicles that will be patrolling three neighborhoods, delivering packages. Are going to invest in it. They are making a bet here. It is not something we have seen amazon do, but bezos said this is a priority for the company. Oflor you mentioned some the criticism around amazon. We have a clip from jeff bezos addressing the criticism. Take a listen. We have been in the middle of the herd on this issue and we want to move to the forefront. We want to be leaders. We want to say if a company of amazons complexity, scale, scope, infrastructure delivering 10 billion items can do this, so can you. Taylor what are people upset about . Experimented a little bit with alternative packaging, moved to Renewable Energy and Fulfillment Centers and data centers, but they have not made the specific commitments of an apple or a google. Bezos today could have taken the ground. Theromised action, conceded severity of the challenges facing the planet and says amazon wants to be a leader. There has been a sense the company was not doing enough, but i think today was a significant turning point. Taylor you mentioned packaging and it is interesting. You order 10 different items and they come in 10 different boxes. Do we not get any specifics about types of packaging or the way in which they package . No, they have always tried to consolidate orders in a single box and it is difficult. Those products could be coming from different Fulfillment Centers. They have tried things over the years. I remember an experiment called amazon total where you would get something in a reusable bag. It is just difficult and expensive. They said their move to prime next day delivery is going to be good for the environment. They are moving Fulfillment Centers closer in the communities. Travel. L bypass air as amazon scales, its products come closer to neighborhoods and they will do a better job of putting things hopefully in single boxes. Taylor 100,000 orders for electric nichols from a start up that it back. What does that deal represent . It is an interesting story. It is a 10yearold company in portsmouth, michigan. Amazon led a 700 Million Dollar investment round in the company in february. Bill ford met the ceo. A few months later, invested 500 million. It started as a tesla competitor but has moved into a heavy duty Utility Vehicle space. It has not launched its car, but not only do they have their suv and flatbed truck, they are 100,000 deliver these prime vans to amazon. It is a company that thought it would be this tesla or sports car maker that is now a contract manufacturer to Companies Like amazon and ford. It is the name of a startup we will probably be hearing more of. Taylor from tech to electric vehicles, it is Senior Technology editor brad stone. Data dog makes its public debut. They areeo thinks successful and what he would say to we work about going public. That is next. This is bloomberg. Taylor howbased Enterprise Software company data dog went public thursday, jumping 53 in its trading debut after raising 615 Million Dollars in its ipo. The ceo sat down with bloomberg to discuss the big day. Growth, you have to solve the problem for customers. The way we spend our day as we focus on what can customers learn as they run infrastructure. How can that grow in terms of market share . You have a lot of competitors. It is a very crowded space. How do you compete . It is a very big market. There is room in the market for Many Companies to be successful. The way we compete is we focus on cloud. From that from day one. Focus on getting being used as many as their engineers. What is the point of differentiation . We make it more accessible across different teams. To break down silos between teams that were separate. Our focus was to bring these data into one place. Users. Ams get more public marketany is slightly over shattered by what has been going on with we work. Ipo, a verydone an successful ipo, what would your advice be for them looking to go public . Say. Dont have much to we work in a number. It is big business. On having a business that is healthy. Profitability, that is what we do. You have this stock, very common among tech companies. It has been a subject where there has been controversy in terms of should companies have so much control. Was there any discussion around pulling back . Us, what matters is we are building for the long term. We want that to remain the case as a Public Company. Time, we serve investors. Want something that is predictable for investors, so it is healthy. Which is why we had this stock. Another story that has been much in the news is interest from cisco. Talk to us about that. Why does it make sense for a company to be public and independent versus under the auspices of a company like cisco . I cant really comment on the rumors we have heard, but what i can tell you is it is a perfect market we are in. Problems we can solve for customers and there is a much bigger and much more Successful Company we can build. From that perspective, it makes sense. Road . D a down the do you see an and a down the road . Taylor that was dated august ceo with bloombergs ed hammond. Coding startup get lab just raised its latest funding round, bringing the evaluation for the coding, development and collaboration platform to 2. 75 billion, more than double its last valuation. Here to tell me more about its state is none other than the ceo. Thanks so much for joining me. Lets talk about that funding round. Where are you using that money . There is a transformation going on. It used to be you had Good Solutions and worked to that. People want to go faster and faster and jumping from those Point Solutions is getting harder and harder. The problem is integration. The trend is a single application to get you from what you want to build all the way to monitoring and securing that. Theitlab we have that and planning and the securing and the monitoring will be as good as possible. That is why we have raised the money. Taylor i want to talk about valuation. We have seen volatile valuation. How do you manage a company that avoids that volatility . Thing, is the hardest especially if you are a Public Company, which we are not. I think what is really important is investors are looking at close markets. For every dollar you get, what are your costs . Margin, anymake 20 ups or downs swing the stock price by a lot. Gross margin, 80 you have an easier life and investors want to see growth. They want to see you growing at a rapid pace. Talk aboutn we growth, one of the competitors, was bought by microsoft. Does that help you because there is clearly demand or does it make you nervous . It has helped us. Our customers want to go multicloud. It is no longer you pick one cloud. You want to have a negotiation position, maybe you some functionality that is only available on one cloud. They are going multicloud and they want workflow portability. They want to make sure that whatever cloud you use you can use the same tools. That has been the great thing. They get an independent vendor that fits in that workflow. It has been a great boon to us. Taylor are you thinking about an ipo or a direct sting . A direct listing . We are not sure yet. We have a mission to go public in 2020. We think the plan is important, but we are flexible. We hope to become a Public Company next year. Taylor i want to talk about one of the theses of your company, which is in all remote workforce. Incredible transformation from an earlier generation where you showed up before your boss and left after your boss. It is changing the industry. I think we are the top remote companies, but we see a huge wave of new companies coming in. What we learned is there are three things that are really important and those are our top three values. The first is results. Managers are not allowed to ask how many hours you work unless they suspect you are working too much. It is about output. We give people a management that knows what they are supposed to do. The second is transparency. We write things down so you dont have to tap people on the shoulder. They might be in a different time zone. People can find out exactly how we work and it also helps attract a lot of great people. The last one is iteration. Doing very small things so you dont have to coordinate because it is a small step. You do a next step in a few weeks and people can give input at that time. Taylor i like that you are not allowed to talk about hours but you are results driven. That is the gitlab ceo, thank you for joining me. Coming up, we meet up with ceo ben layer on his company is funding round. What the online publisher plans to do next. This is bloomberg. Im all about my bed. This mattress is dangerously comfortable. When i get in, i literally say ah. Experience deeper rest with the awardwinning leesa mattress. This bed hugs my body. Im now a morning person. The leesa mattress is designed for every body. Providing strong support, pressure relief and optimized airflow to keep you cool. Hello bed of my dreams. Order online, well build it, box it and ship it to your door so you can try the leesa mattress at home. Love it, or get a full refund. And rest assured, returns are free and easy. I love my leesa. Today is gonna be great. Find out why so many people love the leesa mattress, then try it in your own home. Order now to get big savings but only for a limited time. Just go to leesa. Com today. You need this bed. Taylor this is Bloomberg Technology. Ever wonder what Young Americans are watching on facebook . Something published by Numerous Companies all belonging to the same Parent Company which recently raised funding for its lead discovery. It is currently reaching more than 70 of americans in their 20s, so what does the company do with the funding . Nines ceo. P what are you doing with the money . To go toobably going disney world. No, i think we are the point of raising the money is not to spend it, actually. We have been really disciplined and how we have been investing and i think what is happening in Digital Media right now is theres sort of a recko