Response. And return of the mac. Apple introduces its 16 inch macbook pro at 2400. We will rate function and design. Disney was the big winner of the week, signing up 10 million customers in one day for disney plus despite some technical glitches upon launch. Disney plus became available tuesday in the u. S. And canada. The media giants original goal was 60 to 90 million subscribers in 10 years. It is posed to reach that goal sooner. Put this in perspective, hbo now, cbs all access, the World Wrestling network, these guys have been in business for a few years. None of them have hit 10 million. Disney did it in a day. It is an incredible feat. Thats why you are seeing a record high. Go back to 1974. All the technical glitches yesterday, we can brush those off . If you only knew how many people were trying to sign up, we cannot plan for this. The big question remains, they had this incredible deal with verizon that took in 19 million customers for free. Disney is not saying how many people signed up were free customers, though the company is noting disney is getting paid a wholesale rate from verizon. We dont know where the demand is coming from, but what is driving it . Is it content or pricing . All of the above. Disney does a fantastic job of marketing. They claim this is the biggest synergy campaign ever. They have promoted it on monday night football, on abc. They had advertisements at the theme park. Disney radio. It is all in effort to get the word out. The price, seven dollars a month or in some cases free, that is hard to top. Then content. Marvel, pixar, star wars. They do it all. Disney sit in the streaming wars . People have said they are basically netflixs biggest rival. The stock Market Reaction showed that. Netflix took a fall. Disney surged. Thats what we are seeing. Disney has become a tech stock, trading not on earnings, bone potential subscriber counts, the company has estimated as you said could be 90 million in five years. People are suggesting they could get that number a lot sooner. Bloombergs chris palmeri. Omberg netflix saw shares fall. Disney is entering into the streaming space tests consumers tolerance for an array of choices. I look at it pretty differently. I think about the world from the standpoint of, the legacy cable bundle where people spend, at the lowend, 40 five dollars, 50 for overthetop Cable Services like hulu live or hulu thosecharter spectrum, bundles are going away. Consumers are giving up on those. Cord cutting is at record paces. Seeing all this great content from apple tv plus, netflix, amazon, soon nbc, it is making it easier and easier to cut the cord. That frees up a tremendous amount of wallet. This is like adding fuel to a fire that has already started burning. This is going to make it that much easier to cut the cord going forward. I think this is the industry. Watershed moment this is disney saying the cable bundle is the past. The future is a streaming. We are going to put our best assets onto streaming. Whatever happens to the bundle, so be it. Its going to be tough for espn and their future. Disney is clearly telling you that they know the bundle is dead or dying and they have to move forward. You talk about the cannibalization of traditional cable subscriptions. Netflix said 10 of could be at risk with apple and disney. Do you have figures on cannibalization at netflix and competitors . I think it is one of the more absurd comments i have heard. The reality is Consumers Want to stream lots of stuff. These are not replacement products. You are not choosing between netflix and disney plus. You are saying, i dont need cable anymore. If you are not a sports fan, you are going to give up on cable service. If you want to watch the crown, disney plus does not satisfy that. If you want back episodes of friends, you need hbo max. People have had hbo for years. Hbo has been more expensive than netflix. Hbo has 34 million subscribers today. No one is saying, i have netflix, i dont need hbo. These things are going to coexist the way hbo and showtime have coexisted. I think about it less in terms of price to value. What does the consumer want . If you want this content, if you want stranger things, if you want the irishman, you have to have netflix. If you want the middle lori and you have tolorian, have disney plus. The loser is going to be the entertainment bundle with a lot of content that is overpriced with little flexibility. That is where people should be looking for dollars in subscribers. An array of streaming services put to the consumer back in the drivers seat as to which ones will ultimately succeed and falter over time. Which measures audience intelligence, had a point of view on the disney plus launch. The ceo called it an early success. Most people in the industry are looking at it incorrectly. They are looking at it as if disney plus is a competitor for netflix. Shown withalready getting the majority ownership of hulu, with the success of espn plus and now disney plus, they have a Winning Strategy about how to attack that market. They are not really competing with netflix. Disney has done a better job of anybody at getting share of dollars when it comes to media and entertainment, from theme parks or merchandising or the trickle releases. Now with disney plus, they have even more of a direct to consumer relationship. They can leverage that to monetize all those Revenue Streams in a way netflix and others cannot. I heardis exactly what from Rick Springfield at the top of this hour. They are competing not with netflix, but grabbing cables of scription declines. Would you agree they will take on more of the cable subscription declines and that there is room for 2, 3, four bank streaming services . Argue the decline in cable is actually irrelevant to disneys strategy as well. In terms of disney plus, that does impact hulu with their lives service. Disneys gain is far bigger than even tv. This is just another way for them to engage with consumers. It is not a standalone entity. It is different from the mvps,gy of the other whether it is nbc with peacock or sling tv. Disney has so many more avenues of revenue. They dont have to monetize the solution the same way others do in order for it to be considered a success. Given they the winner they have money to spend with original programming, but also that big backlog and that library of great videos from decades ago . It would be hard to argue that disney is not wellpositioned. I am hesitant to say winner because the game has not really started get. Competing forople audience time and attention are still a quarter or two from launching. The biggest loser from all of this is absolutely netflix, which is more clear. So much of the most popular content that has driven not only subscriptions, but loyalty of the platform, will be leaving at t and nbcy and universal pulling content. Solutions not the same three to six to 12 months from now than it has historically been. This is an extensive business. Investors will not tolerate losses for long. When do we start seeing a prophet . Profit . It is going to be sometime. Companies that have a Legacy Library they can lean on may profit first. When we look at disney, we cannot look at streaming as a standalone. I would argue disney is already profiting regardless of the stream. Up, more on instagrams plan to cut down on social media pressure. Our interview with the head of instagram coming up. If you like Bloomberg News, check us out on the radio. You can listen on the Bloomberg App and in the u. S. On sirius xm. Welcome back to the best of bloomberg technology. Theres plenty of anxiety and social media, especially for people who feel the pressure of competing with other users. Instagram says it wants to reduce that feeling on the photo sharing platform. The facebookowned company says the key to that is removing like counts on posts. It began testing that measure on some users in the u. S. This week. Bloombergs kurt wagoner talked to the head of instagram after he announced the change at the wire 25 tech conference in san francisco. What we are hoping to do is depressurized a little bit and make it less of a competition. We are focused on young people. We think it we can make like might wete, it have been testing this around the world. We are going to Start Testing with a small percentage of people in the u. S. Next week area the idea being if i cant see how many likes your photo gets, that might decrease my pressure around sharing my selfies . You will be able to see how many likes your photo gets, not other people. The idea is to reduce anxiety and comparison. What are you seeing in the other countries where you are already running the change in the way people interact . We are seeing different things. We want to understand how it changes how people use instagram. More importantly we want to understand how it changes how people fear how people feel. For how youong time feel about a platform to change. That is why this has been running for so long. I assume you would not be rolling it out in other markets if you did not feel we have seen encouraging data. Which is why we are rolling it out further to learn how it works in other countries. Are there other things you are thinking about around metrics or some other way around the way people share that may change the feelings people have when they use instagram . When you think about wellbeing, i think there are three areas of work we do. One is we try to identify issues and address them. The second is we are trying to pick an issue we can lead on. Innovate. Ing to tothink it is important rethink fundamentals about how instagram works. The combination of things i hope will change the way we feel about what we do in the platform, but none of it there is no a broader cultural shift. Instagrams Parent CompanyFacebook Says it removed nearly 2 billion fake account last quarter. The social Network Added that in the last six months it took down 11 and a half million posts of child exploitation, including child pornography. Other posts removed included terrorism content, hate speech, and drug sales. From online real estate to commercial real estate, facebook announced it had signed a lease at new york citys hudson yard. The social network signed a lease for one and a half million square feet of space as part of the Companies Push to expand its presence in new york. Coming up, perspective from two pioneers of the Tech Industry. We will hear from jack ma in an exclusive interview. Later, Steve Wozniak on Goldman Sachs apple card. He was one of the first people to flag how the card issues credit limits when it comes to gender. Jack ma spoke to Bloomberg News thursday while he was in togo to meet with Young Leaders and entrepreneurs, and among other things, the billionaire discussed trade issues between the u. S. And china. The trade war might be the u. S. And china relationship turbulence inme the next 20 years. We have to be careful. Think it is so important for china and the usa, two great countries, to work together, supporting economies, keeping people prosperity, shared technologies, and for so many years, china and the u. S. Have been working together. There is a problem that is natural. If there is no problem, that is not natural. We have to solve the problems. We should not create more problems. Andou said you love africa you have acted as the bridge between china and africa. What do you see as the main thing china can gain from africa and vice versa, the main thing africa can gain from china . Love i went to africa three years ago, my first trip. I read a lot of things about africa. Like i here and said, no, this is not. Im very inspired by the young people. Inspired by the culture. I decided i would come every year. I try to visit every country in 10 years. That howsay china can help africa or how africa can help can benefit from china, but i, as a global , anden, an Entrepreneur Entrepreneur working in the years, i think a lot of our experience, our ideas, our knowhow could enable and people. Ican young meanwhile, i start to think, how can china help in a more efficient way . China putting a lot of effort in africa. When i was very young, a lot of doctors in my hometown, they have to go to africa for years to help. Africa,ink china and africa can learn a lot from china, how china developed in the past 20 years in such a quick way, how we lifted poverty out of that. Think the most important thing is not to rely on china, on europe. People of this continent. If they have the vision, if they have the knowhow, if they want to change, that is the main driver. Do. Is what i existingds of things in africa. Our job is to come here and support and empower it. If you had to pin it down to africa canhina can lessonwhat would be one we can take from the chinese example in lifting people out of poverty . First, people should have the real vision that through economic reform, marking reform, market economy, making people rich is the way. You have also stressed the power of technology to unlock growth in africa. Do and whathnology are its limitations . What can it not do . Enable every can individual. In the early days, technology belongs to rich people, Big Companies. Today, a mobile phone. Everybody can reach very costeffectively, all the knowledge starts to reach the market easier. I think the difference between i. T. And internet, the i. T. Is enriched, powerful people are you Big Companies. Powerful people. Big companies. Century nothing in the that within such a short time, billions of people start to use the internet as a technology. It is powerful. It, if younge people really want to try it, it will help you. Of course. People itself. Is if you dont want to change, if you dont want to create a future, nobody can help you. Is there still a plan to list ant financial . Someday. We are not in a hurry. We dont have a plan for that yet in the short term. Financing. First we are very profitable. I think we have a lot of things this year,do in making sure we have enough investment for the future. We know what exchanges we are looking at . Aboutare not thinking where to marry yet. In ant was jack ma exclusive interview. Coming up, the apple cofounder Steve Wozniak took to twitter when it appeared his apple card discriminated against his wife. We will hear his story as well as steps taken by the cards issuer, Goldman Sachs, next welcome back to the best of bloomberg technology. I am taylor riggs. Goldman sachs was in hot water this week as accusations of gender discrimination over how the bank issued its apple card. The controversy started in entrepreneur tweeted that apple against hisinated wife despite they share the pair sharing joint returns and tax accounts. Steve wozniak joined the chorus saying the same thing happened to him and his wife. He relayed what happened to kurt wegner on monday. We dont go out and try to promote anything. I saw a post, a tweet by david about he and his wife having different limits. We encounter that months ago and found out through phone calls on the number on the card that we couldnt really get to anybody who would listen except they said maybe in three to six months. I just posted it to be like a little side feature of the article, and it became i did not expect all of these results. Funny thing, Goldman Sachs has been calling us and they are doing incredible things in a very short time. Card,ust released this and thats very hard to do something in that amount of time. I have been there. You got to have everything in going out ofy are the way just like applewood. They were a lot of articles saying it was alleging gender bias as the explanation. My wife thought that at first. I did not think that. In that apple itself for example is the least biased of all the companies. We are the only big company in the United States that guarantees equal pay for equal work by gender. So that was out of the thing. It was Goldman Sachs. They have listened. Maybe because i got involved. I dont like to be getting special privilege, but they got involved and thought about it and they will make the changes very soon that will allow you to get to a human. I do not believe looking into the algorithm is the solution. I dont believe changing is the solution. I think it is being able to get individual attention in cases the algorithm misses. You mentioned part of the problem was when youre trying to get someone on customer size,t for a company this it can be hard, we talking about Goldman Sachs or apple or a little bit of both . All of the Big Companies. Apple is very good because you got personal support, in the stores, with the employees, with the geniuses. Apple does a really good job of making good support available. I decided a long time ago that having a good product is not as valuable as good support. Obviously when you choose to weigh in on Something Like this, especially apple related, its going to get a lot of attention. Ewers surprised he said by you said you were surprised by how much it got. Did you hear from apple as well . I dont think we heard from apple directly. They were contacting my wife who contacted them way back months ago and called the phone number. I guess they had her number to call. They said theyre going to have their standard number by the end of the week and now they are telling us by tomorrow i guess it will election go through to support people. The idea is to get to people. You cannot expect solutions instantly because there might be too much in, or too much demand and not enough supply for a while. But they are talking just exactly right, the way apple would Something Like this. We are going to support the customers heard i always believed in the customer getting respect over the company just having the power. They can be right when theyre really wrong. You mentioned this isnt just the algorithm issue, that there might be other solutions. It is certainly it starts with the algorithm. Do you think this is the kind of thing that is reflective of the challenge that is in the Tech Industry r