More than 2400 americans were killed in the attack, which led the u. S. To enter world war ii. Im Courtney Collins, this is bloomberg. Emily im emily chang, and this is Bloomberg Technology. The hot seat. Eight est and time warner grilled on capitol hill over their proposed merger. We put the 85 billion megadeal under its microscope. Plus the unicorn that sword. A uke at australias hottest tech company one year after it went public. So much for burning the midnight oil. The key to ultimate success is sleep. Arianna huffington joins us to discuss her latest venture, and the rise of think news. U. S. Stock benchmarks jumped the most in a month. Bloombergs edgar at large with me for the tech takeaway. They have not performed well since the election. What made today different . Stocksink you see some left out. I believe it has been a month since election. It has been an interesting month. Hasresults of these stocks been blamed a lot on the focus of the Trump Administration and the notion that maybe there were some excuses that trump would take a hard line on amazon with taxes, as if the irs was not already doing that. The performance of the market today was spectacular. Amazon, netflix, facebook, google leading up into november, and then underperforming in the month since the election, i think one of the reasons you see that versus the s p 500 might actually be the emergence of the snapchat ipo. The kind of tech investors who put a lot of money into a new hot ipo are sort of getting some capital together, selling the other stocks so they have ammunition to buy snapchat. Emily interesting. What about biotech . I think there is a notion that there may be more rochus on pricing. Focus on pricing. They will be able to get things done that were not possible in the last administration. Whether they can do anything about it is a whole other question. Emily thank you for that update. U. S. Lawmakers grilled the at t and time warner ceos about their proposed tire. The Company Plans to create a telecom and media empire that will own much of the programming it provides to subscribers, who provides wireless internet and paid tv services. Mergerban testified the is the best way to compete against tech giants like apple, google, and amazon. Lawmakers are not convinced. They close the hearing by saying that they want the doj and the fcc to approve the deal. There is a difference that you have to meet, whether it is sec or doj. F cc or doj. It requires that it directly benefits consumers. I would think that the message and thesending to us current and potential at t consumers, if you cannot confidently assert that this deal benefits the american public, it is not a great message. Emily joining me from new york nd d. C. Thank you for joining us. Interestingly, lawmakers were a touch less skeptical that they were initially, especially given what this might mean for additional competition for big tech. What were your takeaways . I think that last particular soundbite by senator franken is the entire thing in a nutshell. If the fcc does not get jurisdiction on this particular merger and it may not, because of time warner is able to sell away its license or put them in trust or somehow get the fcc license out of the equation here that the department of justice is probably going to have a very difficult time blocking this merger. The fcc is what blocked the comcast Time Warner Cable merger by going exactly to what senator franken said. Because that merger had to pass a Public Benefits standard, doing no harm was not enough. The fcc decided they were going ankick that deal toward administrative hearing. If the fcc does not have jurisdiction over this and clearly that is what at t and time warner actually believe then the fcc may not get involved in this at all. I think this deal has a high likelihood of going through. Emily mark cuban made a point that is getting a lot of attention about what it means for facebook, apple, google. Take a listen to what he had to say. They are five of the seven most valuable companies, and all have established dominant positions. That is exactly what the time warner why the time Warner Acquisition for at t is it an important strategic acquisition. Alone, it will be difficult if not impossible for either to compete with the companies i mentioned. Together it will still be difficult, but they will have a chance to battle the dominant players and increase consumer choice. That ould you go would you echo that in terms of fallout . With respect, i would disagree with mr. Cuban. The reality is that the video content that is available on facebook or on any of the other platforms that he mentioned does not compete. With the linear programming that is available from the time when a cable media empire. It is a case of apples and oranges. If you look at this merger for what it is, it is a concentration of too much market power in the hands of one firm with a questionable track record. We see no reason to approve this merger. We think it raises tremendous questions about competition, particularly the overthetop video marketplace. Wither a merger should be the fcc, it is this one. It touches broadband, it touches wireless, and touches broadcast satellite. It is every reason for the fcc to look at this. If you use mark cubans logic there, i think any media merger outside of those two companies that he mentioned would be ok. He seems to be paving the way by saying that facebook and google are dominating this industry. Pick any two companies and put them together, they are still not going to be dominant right now as those two companies. You have to imagine regulators will not buy into that extreme degree of logic while looking at this merger. Question of is a whether this merger is approved it could lead to a new sort of industry of tech media and telecom players. There is a possibility at that they could avoid as fcc scrutiny. One of the implications if that happens . I think the implications are pretty stark. To uses are allowed Shell Companies and play games to skirt Public Interest review, and a world that is a freeforall, there will be no rules of the road. Companies will be able to do whatever they can and get away with whatever they can to the detriment of the Public Interest. Raises, this merger serious questions about the future of innovation in the country and the future of competition and the availability of broadband. Emily we will keep our eye on it. Director of common cause media and democracy association. Alex sherman, thank you both. Media, apple is said to be pressing Hollywood Studios for factor axis did movies faster access to movies. They have all confirmed over the past week that they are looking to offer highpriced home movie rentals shortly after they open in theaters. Some theaters are considering deals with apples itunes as an option. Shares of major Movie Theater chains fell on this report. Hard year, buta some say the market is primed for a comeback. We will speak to the resident of a company. This is bloomberg. Emily fitbit has acquired Software Assets from a struggling Software Smart watch startup. The deal is mainly about hiring the Software Engineers and getting intellectual property. Fitbit did not disclose the terms, but the price was 40 million and other obligations exceed that. They made waves less year after charging a successful tech ipo when other unicorns did not take the plunge. It turned heads is one of the few Tech Companies that had profitability before going public, even without hiring a sales staff. I will start with you. Lesson learned since going public. What are your takeaways . Go public when youre ready. We are nationally proud of the business we have built over 14 years. Had 10 years of profitability. I think we had sound fundamentals. That was well received in the market when it went public. Companies are considering taking that step, be ready. Alex, one of the worst years for tech ipos since the recession. What are investors saying to you about what to look for in 2017 and what the market will look like . Frankly, people are waiting for another company that does look like at lassie and atlassian. Theyre looking to go next year. They will not make up the majority of number of companies that will actually go out. A lot of the enterprise World Companies that sell to businesses, those are ones that are going to be paying attention to. After this rocky year, investors have been saying we want more than just revenue growth, we want profitability as well. We are more willing to take a bet on the evaluations that the Companies Want to see. Those are going to be a lot of the factors that play into 2017. Whole fundinghe environment, private and public, we really need to see a good year. Investors need to know they can make money getting into these cut these companies preor postipo. Your company was profitable for three years before public, which is unusual in that we talk about so Many Companies that are public and still not profitable. Do you think companies should wait until they are profitable . Profitable for 10 years, not three years prior. It depends on the company. Every company is unique. Companies that have a model and perspective on when they can return cash to investors, i think as long as they can articulate that and have a model they have experience with and line of sight to, they are probably ready. In our case, we demonstrated profitability. The model we were going to telegraph to public investors we had already demonstrated. Australia blocked the slow ipo trend in that the number actually went up in 2015 and 2016. What is behind that . Looking into the homegrown investor. If you look at u. S. Markets were a lot of Companies Like to live because there is a deep Investor Base we know that is important when youre pricing these listings. Potentially, because of the volatility this year, because of the risk off atmosphere that investors had him a basically until labor day, looking to a local market is probably not a bad idea. With a dustyit listing in tokyo and also in the u. S. That was a large listing. The dynamics of the u. S. Market and london is another big venue for listing, potentially is driving companies to look to their home market first. Emily talk to us about what your new product looks like and where you see the most Growth Potential . Is on teams broadly in every business. Our vision is to have every worker inside of every company. Teams need to track and manage work, communicate and read in real time. Our roadmap is expanding our products that support those core needs of teamwork. Emily what changes do you see in the Enterprise Software market in the next few years . We have seen big players like microsoft and even facebook try to take on this market. Facebook is starting its own facebook at work. Companiesnk big tech will be as successful as smaller homegrown Companies Like yours . I think that remains to be seen. They are worth watching. What is more interesting is the blend of Consumer Tech and Consumer Expectations and Consumer Usability that has been happening for a while. Our product as an example demonstrates things that people entering the workforce today as young people would expect, the ability to mention someone or see a list of activities through a feed. The way we use technology on a personal basis needs to move into the workforce faster than it has. Emily any thoughts on a Trump Presidency . How is that impacting your outlook or the market next year . Too early to tell. He has demonstrated it is difficult to predict. From our predict from our perspective, we are focused on Business Issues and what they can control, building great product, finding great customers they can attract to that product and moving their business with one foot in front of the other. Thank you both. Next, trump spectrometer security chief gives us another hint at the new administrations agenda. We will ask carbon black ceo how the Cyber SecurityCommunity Season future shaping up. This is bloomberg. Developing story. Trumps Transition Team is said to be considering a Silicon Valley investor who is close to peter thiel to leave the fda. That is according to people familiar with the matter. Jim oneill is a manager at the capital management, but he would be an unconventional pick. He does not have a medical background. The heads of the fda have either been a trained physician or a scientific researcher. Industry leaders in Cyber Security are trying to piece together what is in store for the sector under a trumpet ministration. We know were tied general john kelly is his choice to lead homeland security. Backed played a controversial role in the win. Carbon blacks ceo joins us from new york. Thank you for joining us. The number of generals that trump is putting on his team is adding up. You aboutthat say to the priorities around Cyber Security and how they might act on them . You it certainly says that tp is taking National Security very seriously. I think the challenge is that on the one side, trump is going to have a set of advisors whose understands how big a challenge Cyber Security is a on the other hand, president elect trump has been out talking a lot about the fact that he wants less regulation, not more. That will be a real challenging balance for the administration. Meetingrump will be with tech leaders in washington next week, including cisco Ceo Chuck Robbins and the oracle ceo. What do you hope their message is to him on this particular issue . On the Cyber Security issue, i would hope the message conveyed is the importance of continuing a Publicprivate Partnership to better protect companies and enterprises and a sick tillers of the american economy. Basic tillers of the american economy. Donald is realizing he has things to learn about policy. Emily there is an unprecedented level of threat at this point affecting things that were never affected before. Im curious and we have seen a rise in particularly nonmalware attacks. What kind of companies do you think are best able to combat these kinds of attacks, and what kind of companies can . Carbon black is a leader in this next generation of Cyber Security. We are helping Companies Across the globe every year with the challenge of cyber attacks. These attacks continue to advance against consumers and against companies every year. As you said, one of the big attack vectors is actually a tax that do not even drop a payload. Theyre using software trusted in the munication protocols. Challenge for traditional players. If you look outside the security and the companies that have been around for a long time, the real challenge for them given the way that they have built their products over time to combat these new types of attacks. Emily speaking about ipos, bloomberg has reported that you have hired banks to explore an ipo. I know you have taken a number of other companies public. Do you see an independent carbon black as being the best path of the company . Black, we are focused on helping customers better protect the organization from cyber attacks. We as a company, our mission is to build a great standalone Cyber Security company that is helping the public across the globe. Public markets, private markets, how you capitalize your company, it is all steps along the way so you can build something that is helping customers in a meaningful way. That is what we said externally. That is the message for my employees and my customers. Emily a number of Silicon Valley companies have been pushing off the idea of going public. Uber and airbnb now have massive core evaluations and they say they are not close. Is that the right attitude, or should they be taking the plunge . I think the decision to go public or stay private continues to drive growth is on a company by company basis. It is a balance between growth and profitability, and what your mission is as a company. Each company is making their own decision. Markets have something to say about that. They look at growth and profitability in different ways at different points. If you build a great Standalone Company and certainly cyber is an area where there is growth going on to building a great company. Your ability to tap the private or Public Markets is there. Emily patrick morley, as the ceo of carbon black. Thank you for stopping by. Coming up, Arianna Huffington joining us for a lengthy interview. This is bloomberg. Youm Courtney Collins and are watching Bloomberg Technology. Here is a check of your first word news. Lawmakers voted overwhelmingly for theresa mays timeline to leave the European Union. They plan to trigger article 50 to leave the block at the end of march. They also agreed to publish exit plan for lawmakers consideration before beginning proceedings. Italian per minister Prime Minister resigned today after a crushing defeat on his reform agenda. Italys president has asked him to stay on in a caretaker role until a new government can be put into place. President far