Apple introduced the 16 inch macbook pro, starting at 2400. Well rate its function and design. Disney was the big winner of the week, signing up 10 million customers in one day for its service. Despite technical glitches upon launch. Disney plus became available on tuesday in the u. S. And canada. The original goal was 90 million subscribers in five years. It is poised to reach that goal sooner. I got the latest from chris palmeri. To put this in perspective, hbo now, cbs all access, espn plus, a lot of these guys have been in business for a few years and none of them hit 10 million. Disney did it in a day. Go back to 1974, this is peak disney. Taylor we can see the technical glitches. We can shrug those off. That is what disney was saying. If we knew how many people were trying to sign up, we could not plan this. They had an incredible deal with Verizon Communications where 19 million customers could access the service for a year for free. Even the free customers, disney is getting paid a wholesale rate from verizon. Taylor we dont know where the demand is coming from. What is driving it . Disney does a fantastic job of marketing. They have the biggest synergy campaign ever. They promoted it on monday night football. They promoted it on abc. They had advertisements at the theme park, disney radio, they had espn correspondents tweeting about it. Everything from marvel to pixar to star wars, they threw it all at this service. Taylor where does disney fit in the streaming wars . They are netflixs biggest rival. The stock Market Reaction has showed that. Netflix took a fall. Disney surged. That is what we are seeing. Disney has become a tech stock. The Company Estimated subscriber counts could be 90 million in five years. They could get that number quite a lot sooner. Taylor that was chris palmeri. Disney shares surged to an alltime high. Meanwhile, netflix saw shares fall. Disneys entering has consumers tolerance for an array of choices. Richard greenfield told me disneys launched the death of the cable bundle. I think about the world from a standpoint of the legacy cable bundle where people spend anywhere from the low end for 45 or 50 for one of these top Cable Services, upwards of 100 or more for comcast or charter spectrum. Those bundles are going away. Consumers are giving up on those bundles. Cord cutting is at record paces. Seeing all of this great content from disney plus, apple tv plus, netflix, amazon, soon peacock from nbc. It will make it 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. It is going to make it that much easier to cut the cord going forward. I think this is the industry. Today is a watershed moment. This is disney saying look, the cable bundle is in the past. The future is streaming. We will put our best assets on streaming. Whatever happens to the bundle, so be it. A tough place for espn and their future, but i think disney is clearly telling you that they know that the bundle is dead or certainly dying. They have got to move forward. Taylor you talk about the cannibalization of traditional cable subscriptions. Dan said about 10 of netflixs base could be at risk with apple and disney. Is there cannibalization going on . It is one of the more absurd comments i have heard. Consumers want to stream. They 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 Service anymore. If you are not sports fan, you will give up on Cable Service. If you want to watch back episodes of friends, you will need hbo max. People have had hbo for years. Hbo has been far more expensive than netflix. Hbo has 34 million subscribers today. No one is saying oh my god, i have netflix. I dont need hbo anymore. These are going to coexist like hbo and showtime have coexisted. I think about it less in terms of price to value than what do you actually want . If you want this content, if you want stranger things, if you want dolomite is my name, you have to have netflix. Youllwant mandalorian, want disney plus. The loser will be the entertainment bundle where there is little flexibility. I think that is where people should be looking for where these dollars and subscribers are coming from. Taylor that was richard greenfield. An array of Current Streaming Services puts the consumer back in the driver seat as to which ones will ultimately succeed and falter over time. True optic, which measures audience intelligence, had a point of view on the disney plus lunch. True optics ceo, Andre Swanson called it an early success. I think most people in the industry are looking at it incorrectly. They are looking at it as if disney plus is a competitor for netflix. Disney has already shown over the past couple of years, with the ownership of hulu and the success of espn plus and 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 than anybody of getting a share of the wallet when it comes to Media Entertainment dollars, whether it was from theme parks or merchandising or theatrical releases. Now, with disney plus, they have more of a direct consumer relationship and data that they can leverage to monetize across other Revenue Streams in a way that netflix and others cannot. Taylor this is what i heard from rich greenfield at the top of this hour, where they are competing, not with netflix but just grabbing cable subscription declines. Would you agree that it will take on the decline . I like rich a lot. He says some bright things. I would argue that the decline in cable is irrelevant to disneys strategy as well. In terms of disney plus, that impacts hulu and the growth of hulu with their live service. Disneys game is bigger than tv. It is another way for them to engage with consumers. It is not a standalone entity in the way that other solutions are. It is different from the strategy of the others, whether it is nbc with peacock or dish with sling tv. They have so many more avenues to the consumer, they dont have to monetize the solution the same way that others do in order for it to be considered a success. Taylor are they the clear winner, given they have the money to spend with original programming and that backlog and library of great videos from decades ago . It would be hard to argue that disney is not wellpositioned. I am hesitant to say they are the winner because the game has not started yet. Many of the other people competing for audience time are a quarter or more from launching. I will say that the biggest loser is absolutely netflix, which is more clear. So much of the most popular content that has driven not only subscriptions but loyalties will be leaving between disney and at t and Nbc Universal pulling content. Netflix is not the same solution 12 months from now as it has historically been. Taylor this is an expensive business. Investors will not tolerate losses for long. When do we start seeing a profit from these businesses . If you are looking solely at the streaming part of the revenue, i think it is going to be some time for some of these platforms until they are truly profitable. I think that companies that have a Legacy Library that they can lean on may profit first. When we look at disney, we cannot look at the streaming of the standalone because of the impact it has. I would argue that relative to that, disney is already profiting. Taylor that was andre swanston. Coming up, hidden likes. More on instagrams plan to hide likes to cut down on social media pressure. If you like bloomberg news, check us out on the radio. You can listen on the bloomberg app. This is bloomberg. Taylor welcome back to the best of bloomberg technology. There is plenty of anxiety on social media. Instagram wants to reduce the feeling of pressure. The facebook owned 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. 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 depressurize. We are focused on young people and welbeing broadly, think if we can make life private, it will help people focus on the people they care about. We will start with a small percentage of people in the u. S. , next week. The idea being if i cant see how many likes your photo gets, that might decrease my pressure. You will be able to see how many likes your own photo gets but not how many likes other peoples photos get. The idea is to try to reduce anxiety and social comparison. What are you seeing in the other countries, is there a change in the way people interact with instagram . We want to understand how it changes how people use instagram. We want to understand how it changes how people feel. Measuring how people feel is more tricky. It takes a long time. So, that is why it has been running for so long. That is why it will take time to get out the door. People are feeling better about instagram as a result of this. You wouldnt be rolling this out in other markets if not. We are seeing encouraging data which is why we are rolling it out further. Are there other things you are thinking about on the same front, either around metrics or some other way around the way people share that might change the feelings people have . When you back up and think about integrity more broadly, i think there are three areas of work that we do. One is acute issues, like hate speech, we try to address them. The second is we are trying to take issues that we can lean on. We also want to rethink the fundamentals of how instagram works. The combination of things i hope will change how people feel about what we do and the platform. None of this, there is no one silver bullet. It is a broader cultural shift in how we think about what we do. Taylor that was the head of instagram with bloomberg technologys kurt wagoner. Facebook says they removed nearly 2 billion fake accounts last quarter. The social Network Added that in the last six months, they took down 11. 5 million posts of child exploitation, including child pornography. Posts violated content policies across facebook and instagram. Other posts removed included terrorism content, hate speech and drug sales. And from online real estate to commercial real estate, facebook also announced this week it had signed a lease at new york citys hudson yards. The lease was signed for more than 1. 5 million square feet of space. It is part of the companys push to expand its presence in new york. Coming up, perspective from two pioneers of the Tech Industry. We will hear from alibabas cofounder. His thoughts on the u. S. China trade spat is next. Later, apple cofounder Steve Wozniak on the apple card. He was one of the first people to flag how the card issues credit limits when it comes to gender. That is coming up. That is coming up. This is bloomberg. Taylor alibaba cofounder jack spoke to bloomberg while he was in togo. He was there to meet with Young Leaders and entrepreneurs. He discussed the ongoing trade issues between the u. S. And china. To handle carefully, the trade war, the usachina relationship might be in some turbulence. We have to be very careful. I think it is so important for china and the u. S. To work together. Keeprting the economy, sharingrospering, technology together. For so many years, china and u. S. Have been working together. There is a problem. That is natural. If there is no problem, that is unnatural. If there is a problem, we problems, wethe should not create more problems. You said you love africa. It is a bridge between china and africa. What we see as the main thing that china can gain from africa and vice versa, the main thing that africa can gain from china . My first trip, i read a lot of things about africa. I am inspired by the young people. So many young people. By the origin of the cultures. I decided i would come every year to at least three or four countries. I will try to visit every country in 10 years. I will not say how china can help africa or how africa can benefit from china. I come as a global citizen, and entrepreneur. I think a lot of our ideas, our knowhow could enable and help african young people. Meanwhile, these years, i start to think how can china help in a more efficient way . China putting a lot of efforts in africa. When i was very young, i heard a lot of doctors in my hometown had to go to africa for years to help. I think that today, china and africa, there are a lot of things that are similar. Africa can learn a lot from china, how china developed in such a quick way. I think the most important thing is not to rely on china or europe or u. S. It is to rely on the people of this continent. These young people, if they have the vision, if they have the knowhow, if they want that change, that is the main driver. People like us, our job is to come here and support. If you had to pin it down to one thing that china can or that africa can learn, you said there is a lot to learn. What would be one lesson that we can take from the chinese example in lifting people out of poverty . I think first, the people should have a real vision and real belief, for marketing reform. Market economy, through making people rich is the way. You have stressed the power of technology to unlock growth in africa. What can technology do . And what can it not do . Technology can enable every individual. In the early days, technology belonged to the rich people. But today, because of mobile phones, everyone can reach the knowhow and how to communicate. It is simpler, easier. I think the difference between i. T. And internet, i. T. Is rich, powerful people. Big companies. Internet is inclusive. From the bottom to the top. There is nothing that we have seen in such a short time, billions of people started using the internet. It is power. Technology, if you embrace it, if young people really want to try it, it will help you. Of course. The most important is people. If you dont want to change, if you dont want to create a future, nobody can help you. I would like to know, is there still a plan to lift the financial . We dont have a plan for that for the short term. We are very profitable. We grow very healthy. I think we have a lot of things that we want to do to make sure we have enough investment for the future. Do you know what exchange she you would be looking at . Like i said, we will not think about where, yet. Taylor that was alibabas cofounder in an exclusive interview. Apple cofounder Steve Wozniak took to twitter when it appeared his apple card discriminated against his wife. We will hear his story and how to remedy the issue next. This is bloomberg. Taylor 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 when and entrepreneur tweeted that apple card discriminated against his wife, despite 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, 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. They just released this card, and thats very hard to do something in that amount of time. I have been there. You got to have everything in place, so they are going out of 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. I never said 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 Support for a company this size, 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. 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 go through to support people. You cant expect instant solutions. The idea is to get to people. 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 starts with the algorithm. Do you think this is the kind of thing that is reflective of the challenge that is in the Tech Indust