We will have details. Going global. Amazon joins forces with chinese retail app. Is it a sign that black friday is broadening its reach. First, our top story. Ubers future in the city of london is looking bleak. Not allowing a license, the reason im a rider safety. Thate mood in london is uber will have to follow a similar procedure has a few years ago. In 2017, it was denied a license the first time and it immediately appealed. Ongoing,s an appeal is they are allowed to continue. Wilbur said that they will appeal the wilbur said they will appeal the uber said they will appeal the decision. As long as that appeal carries on through the courts, then it can stay on the ground. The question will be whether the company can make the changes in its software to allow tfl to feel comfortable that it is worthy and whether it is fit and proper, as they say. Fixedaid it has already one of the main problems that tfl had with the app in the first place. But we will probably have to wait until the spring to get any answer from the courts. Taylor uber Ceo Dara Khosrowshahi responded, saying, we are held to a high bar as we should be but this decision is just wrong. Over the past two years, we have fundamentally changed how we operate in london. We have come very far and we will continue going for the drivers and riders who rely on us. London mayor sadiq khan said much more needs to be done in regards to safety. N i am keen for london to be a hotbed for new technologies, businesses, but uber passenger safety has been compromised. Taylor for more, i want to bring in bloomberg technologys eric newcomer. Uber says they are a technology company, so walk me through how the technology of this map of this app left so many vulnerabilities . Eric drivers were able to get on the platform even though they were not the right driver or properly licensed. Rides with a driver who should not be giving the ride. That is a big concern for them. Correct theing to mistake. About these questions whether the right drivers are giving rides is not a problem that uber wants to be having. Taylor you talk about them being on the ropes again. In your story, you point out it was september of 2017 when they temporarily had their license revoked as well. What changes have they made over that timeframe . The company has undergone a cultural shift under dara khosrowshahi. s benefit and detriment. It has kind of slowed down in terms of coming up with new ideas, new, exciting products. On the other hand, the company has tried to crack down. This is exactly the kind of area where the Company Hopes under dara to be winning. It is unfortunate for the business to make that happen. Taylor to not be hostile, not be dogmatic, but try to create a more friendly working approach. Is that the approach they are taking and is it working . Eric i think dialogue, working with cities, countries of estates everything in between, but when they disagree, coming out and saying it. In the california fight over independent contractor rules, they did sort of say, the referendum, we will put money behind it. We are a company that will throw our weight around more than they might have had after Travis Kalanick left the job and reputation was in tatters. I think they are still trying to play the cooperative nice guy to the extent they can. sylor talking about uber response, i want to bring in a soundbite from the head of the u. K. In uber. In the u. K. , one thing we are intended to launch soon is driver face matching. Essentially, a technology that has been in the u. S. Since 2016 that means that drivers can only logon their account and start trips once weve allocate either through automated means or human identifiedhave either through automated means are human contact that they are they are. Taylor does this appease any of the regulatory issues going on right now . Eric uber is stuck in this situation where you can have privacy or safety but you might not be able to have both. There is a sense that wilbur wants to that uber wants to videos, voices in the car. , where weall areas can give you privacy and more safety. That will be where the big debate will rage around uber, where they will take big hits both ways. It is a question of how much people want uber to oversee a given ride versus we are matching you with the driver and what happens is between you and the driver. Clearly, people think that uber needs to police those rides. That means rolling out some kind of surveillance. Technologysberg eric newcomer, thank you for joining us. Elon musk is at it again. By that, we mean tweeting. Reservations, this time for 200,000 deposits for the cyber truck. This, despite an infamous lunch last week where the supposed shatterproof glass shattered. 200,000elieve the reservation number even though the deposit is 100 and that is refundable . I believe it. I think this truck does have appeal, particularly to younger people, people in l. A. , gamers. That looks like nothing else on the road. So even though the vehicle is far from production, i believe that 200,000 people have put down reservations. Taylor it has been three days but i cannot stop watching the video, shattering that glass. What is there reason that they have been coming out with about why that class shattered why shattered . Tweeted out a video of testing the glass. He tweeted out yesterday, when they hammered the car with a sledgehammer, that somehow hurt the glass. That doesnt explain why the second window also shattered. There are still a lot of theories floating around about what happened. Taylor my producers and i were talking about this, saying, wouldnt you want your window to be able to shatter in an emergency situation, say you have driven into the ocean or something . What did you want to get out . That is a legitimate question. In an emergency, how do First Responders break the glass . Taylor i want to talk about on the statistic in your story, where you have the base price about 40,000 but of those orders, it looks like more work engines, the dual models. This is all just based on elons tweet. He said 42 had ordered the highest end, and another 42 had ordered the 50,000. But these are just deposits, you cant configure your car until closer to production. But it shows that there is not as much appetite for the lower end version. Taylor we were speaking to gene munster and i can illustrate this. He said the pressure is sort of off tesla right now. They have really good leeway, good legroom to run here given that their cash flow has turned positive, they are more profitable. This gives them more time to look at that production target. Do you agree that they are in a fairly decent position to be looking at the cyber truck and production . Their goal has really been to disrupt every segment. The ford f150 has been the number one selling vehicle in america. Electrify, they need to take on trucks. They had that surprise thirdquarter profit. Taylor wonderful. Thank you for joining us. Shares of Hp Enterprise are falling in after hours trading after last quarters revenues missed estimates. The good news for the company is that Current Quarter adjusted eps guidance came in at the highend of the range of analyst estimates. Paidg up, in 2007, ebay 210 million. Now they are selling the ticket retailer for 4 billion. Details on the allcash deal for stubhub, next. If you like bloomberg news, check us out on the radio, the bloomberg app, bloomberg. Com, and in the u. S. , on sirius xm. This is bloomberg. Erg. Selenite ebay is selling its ticketing forness stubhub to viagogo 4 billion in cash. Ebay bought the company back in 2007 for 210 million. To discuss, leanna baker and jitendra waral. s perspective, what are they trying to gain . Liana what they want here is an entry into the u. S. Market. Aboutally are paying up 4 billion but they brought in some investors. It is a homecoming. Eric baker, the founder of viagogo, was one of the founders of stubhub. Taylor eric baker has talked a lot about making this a global company. He was excited about reuniting these two. Is that really the play here as andogo gets the u. S. Market stubhub can have a global reach as well . Liana that is the strategy because viagogo is not really present in the market here. It is a fragmented industry. Any competitors trying to bid on the business. Founders have really gone out and founded a a lot of companies that market. It is going to be competitive. Stubhubcoming in with has a good chance with having a good brand ebay was under pressure to sell this so, clearly, it was not fitting in and it was looking for other. Venues taylor they said today that this deal would be unlocking a lot of value for ebay. What is your analysis . Jitendra it buys them time to fix the core marketplace, which was going to take time. It can help fuel profit growth. The other asset sales scenarios. Other restructuring avenues. Is more room for operating expenses to go down. The fight, amazon and coming next year with facebook entering the ecommerce market, we still dont have an answer yet. We are still waiting for the ceo. It buys them time to drive that profit growth. Taylor in your years of covering this company, why havent they been able to keep up with amazon . What has been the biggest headwind . Jitendra the biggest headwind really has been the muscle memory developed with it can consumers with its consumers through prime. Loyalty and things like that. Ebay has missed out on that opportunity for a while now. Once you sort of lose share over there, it is harder to get more than it is harder to get mind share more than market share. The opportunity in front of ebay now is to focus on things in front of them like advertising, payments. Restructuring, if you look at the valuation for the company, it is reflecting that topline slowdown. Beginning to be seen more essay a revenuewth story of growth story. Longerterm, the strategy if they focus on verticals, the partnership with the upcoming ecommerce players. They wait and see but, at least for now. I was hearing about 25 times ebit. Are there any calls that this may have been an expensive purchase . Ebay has been working with Goldman Sachs for many months to find the highest bidder. It was competitive. Different firms really wanted this asset. That really drove the price above 4 billion, which was higher than what we expected. We expected between 3 billion and 4 billion. Viagogo had to bring on other investors to fund this because viagogo is a private company and not wellknown so they had to get funding from jp morgan and others to make this happen. Taylor thank you both for joining us. The ceo of the new online marketplace and platform can battle rivals like amazon. We will hear how he plans to do that, next. Lumbar technology is livestreaming on twitter. Technology. T this is bloomberg. Taylor lets get a look at the top tech calls. Loop Capital Markets upgraded lyft to a buy. They say the company has strong execution and benefits from an improved competitive environment share gain and Margin Expansion to continue with the growth. Aother company upgraded from , saying the company had turned the corner with the android app. The company says snap is seeing the highest and Revenue Growth of major platforms. Netflix downgraded to an underperformed by analysts at wells fargo, saying it offers growth at an unreasonable price. Wells fargo analysts say it will keep content and marketing spend elevated and that could cut down growth in average revenue per user. A company competing in a highly crowded market of ecommerce but it aims to take on rivals like amazon and macys by solving problems they cannot. The ceo and founder, imran khan, spoke to scarlet fu and romaine bostick. Quick 10 of overall retail sales. Wenever a market gets 10 , usually see escalated disruption. We saw that with netflix. We saw that with Digital Advertising when Digital Advertising reached 10 . I think ecommerce will be 30 , 40 of the market and there will be new players. The second big thing, i think the consumers loyalty to brands have been decreasing. I think the millennials are willing to try a lot of new brands as opposed to their parents generation. We are seeing a lot of new brands popping up. There are not a lot of good places to discover those brands. Consumersforms, for to discover a lot of cool brand. The third thing, we are also seeing that a lot of the large brands which are heavily dependent on Department Stores, a new avenue of distribution, and we are becoming a situation platform for them is a distribution scarlet scarlet platform for them. A Distribution Platform for them. Scarlet free oneday shipping, will that be a permanent feature . This can become costly. Imran we believe that a consumer shops for price, quality, convenience, and selection. A brand is a promise and verishops promise is that convenience is an area we will focus on. How can we deliver the product faster, better, more efficiently . The secondis discovery. A lot of these New Discovery brands you would not find anywhere else. What is the advantage here . Youre bringing in all these new brands but i a lot at macys or Department Stores would say, we are already doing that. Imran i am going to go back to the verishop promise romaine about a broadening market . Imran number one, in terms of discovery, if you look at our top 10 brands in men, women, home, and beauty, probably more than half of them, you will not find at any other Department Stores. They are really discovery brands. Taylor that was verishop cofounder and ceo, imran khan. Coming up, taking black friday global. Amazon is using the shopping day to get back into china but it is not going it alone. Details on the new partnership, next. This is bloomberg. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Taylor this is bloomberg technology. Latest news. The lets take a look at the top lobal tech stories of the day, paul. Paul thanks, taylor. Billion tinder for troubled we work according to sources, the offer is set to on april 1. This comes as wework announced ast week it was laying off 2,400 employees around the world. Of its about 20 workforce. Increasing its bid on payment app. Obile the chinese internet giant is million Series C Funding with plans to use the funds to triple its team to over the end of next year. It will also expand its loan expand new business units. Soft bank is also involved in the funding rounds. And britains top phone company s looking to reduce its reliance. Of are connecting millions homes to optic fiber. Cited as ah has been Security Risk by the u. S. Overnment has a share in microcomponents. Those are the top global stories watching, sherry. To take black friday global, it might be with the new deal with chinas number retailer, amazon ust opened a storefront and starting on thanksgiving will campaign to offer Chinese Consumers a range of overseas products. The partnership will continue of the year. This comes after amazon shut chinese marketplace in july. Lets bring in bloombergs spencer in seattle. Will benefit more, amazon or pinduoduo here . Spencer thats hard to say, to a huge an exposure market and potentially make a ot of big sales for products that the key will be to distinguish themselves with products that either people on the other platforms or they are simply more items nt getting those from an amazon storefront. A lot can here address Consumer Confidence on the authenticity of those because thats something alibaba had tried as well, it even encouraged stores like macys that are no more for western open stores to try to validate the authenticity of those products to chinese because theyre very worried about fakes. You wrote in , your story how amazon had exited china back in july because it make enough progress. How dependent on china in the uture Chinese Consumer is amazon . Spencer well, its a huge market. Now, u think about right you know, there is definitely thoughts about amazon hitting or saturation point in the u. S. s primary market. By going broader, rather than deeper into individual categories its already in, it keeps adding more and more categories, what are the limits of that, investing india. Y in it doesnt have to win everything or be dominant in lot of still get a business from china because its such a tremendous market. Alibaba and that amazon have been swicialing around each other for some time. Pulling outd amazon of china. Alibaba very briefly had some store, effort to open a an online store in the u. S. , i cant remember the name of it main or 13 like 11 main or Something Like that that hey opened and just as quickly shut down. Taylor so, spencer, could this amazon again lp retake that number one position n the worlds biggest shopping event and remember, i think they single day alibaba a recently, right . A singleday individual shopping event and so could or generating more interest in china about black friday, retake it, i suppose it could, but i dont thats the end goal. It is simply a new market, a day area, you and an know, kind of a regrouping of china,tirely giving up on how can we still get into china even if were not dominating, scraps, e pick up some there is sizable scraps when you think of china. Aylor spencer, you talked how the p. D. G. And Amazon Partnership extending through any chance ecember, this could be a longer Term Partnership . Certainly. Amazon, if its going well, amazon is certainly not going to arbitrary to some deadline. It would seek to deepen that elationship and continue the success. So absolutely. Acquisitions if are certainly, you know, potential things that amazon has bought its way into other think of markets, we the middle east, absolutely, amazon is looking for ways to enter there and would look to success that they have. Hery are there any specific measures that the companies will take a head of this big event, restructuring to align those two businesses together to prepare for this . Im sorry, you mean between amazon and pinduoduo. Spencer i dont know about over a single day or anything like that, that would be further down the line i further, youe were know deepening of the rel