It is slower than 6. 3 growth in the previous quarter. Also in the third quarter, revenue was up 114 year over year but the net loss widened more than 175 million dollars. I spoke with c. E. O. Dick coslo and and asked him what wall street is getting wrong about twitter . The long view about the business and trying to build a lasting enterprise. When we think about our aspirational goal to build the largest daily audience in the world, it is all about certainly at its core that audience is composed of our monthly active users that we reported last night. Beyond that, there is also the hundreds of millions of people who come to twitter and do not log in and beyond that, there is a world of the syndicated audience. That audience we reach across the swire entirety of the web and in our mobile Software Development kit fabric we reach into the mobile application ecosystem. It is the combination of the core and monthly active users that create a conflict content. And our syndicated audience. How do you measure that audience, how do you measure eyeballs internally, how do you know how much this audience is growing . We know and measure how many people come to our properties and do not login and what they do on the site and we have an understanding of the reasons they come to the site and how they use the site and service. The same thing goes for the syndicated audience. We measure that and understand it and measure how it grows. Can you give numbers on that . We have studied that this is one to two x. The size of our monthly active users. The 284 million users who come in the service and log in. That remains the case. How do monetize these eyeballs . So many of them come to the service through some expression of interest or intent. They have done a search for some hashtag or a particular user that has taken them to twitter so for those folks who represent a large number of the folks who come to 2013 and do not log in, we have a very specific intent or interest they have expressed and we believe we can monetize that audience the way we monetize the login audience. Is there promoting tweets everywhere beyond my feed when i log in . The acquisition, our mobile ad exchange, the way we think about monetizing the users. Lets talk about your push to developers. You are giving Developers Tools to build out the twitter ecosystem. How will you know in six months that it worked . What are you tracking . If fabric becomes part of foundation of the entire mobile application landscape because it is the best way to help developers build the best apps in the world across platforms, that is how we will know that we are successful. If we are the Solution Developers go to from the moment they start developing their app to the day they want to monetize, if we become part of the fabric of the mobile application infrastructure, we will be successful. How does it drive growth, how does it change the business . How involved are developers in helping you bring more users nto the twitter ecosystem . Well, i think there are two ways to think about that. One is in the immediate term. In the immediate term, it helps us grow our syndicated audience. With fabric, developers can embed twitter content with one line of code. They do not have to write their own code around our api. They can embed tweets in their apps. It helps grow our syndicated audience. If we become part of the foundation of the ecosystem, around the world, then well have enormous opportunities. It seems like it is not good enough for investors. Why not say we will not give guidance like google . We have made a decision to give guidance. That we want to, you know, it is about credibility and helping your investors understand how you think about the business and i do not want to be hopping around on what, we do not like the way you are reacting so we will take our ball and go home. I do not think that is appropriate. We are trying to build credibility over the long term with our investors and help them understand how we are thinking about the longterm viability and success of the company. Lets talk about the medium term. In six to 12 months, where do you want twitter to be . You said you wanted to be moving faster. What are you changing to make that happen . Three priorities, one is to strengthen the core. That group of 284 million monthly users who come to the service and log in. We want to continue the focus on growing that. That is prort number one. Priority number two is reduce the barriers to consumption and what it means by that is for the users who come to twitter and do not log in, continue to make it easier to create quick, fast consumption experiences for them that do not force them to have to search for them. They get them the moment they get there. They get highquality timelines when they come to the side and thirdly it is adding new applications and Services Like fabric, like our platform gnip and beyond. When it comes to the users experience, i know you guys have been working on product tweets. What about Something Like to user name . It can be confusing. It can be difficult to search for people. Im ellly chang tv. Im just emily chang. What about doing away with usernames, how big an obstacle are they to adoption . We have a set of existing priorities you want to focus on in the immediate and midterm to ddress what i have laid out as our priorities and those when i talk about strengthening the core, it includes things like organizing content form new years is. They get a great timeline without having to search around for the kinds of things they are interested in. It includes making it easy to move fluidly between the public conversation on twitter and the rivate erect messaging channel and pull content and conversation from the public channel into the private channel. Where would you like to see ore . In the countries where were at scale, in the cungs in some of our high growth emerging markets where were getting started, you know, the population on twitter might ndex one way or the other, vis a vis the whole population. You mentioned emerging markets. China is a place youre blocked. I know you recently visited china. How optimistic are you that twitter will be unblocked one day in china . We would love to be unblocked in china. Our fabric is used i developers around the world. By Application Developers in the u. K. And china. There are lots of ways to think about the business that we are building and how we think about the way we work in china the on the bounds of just the problem. When it comes to revenue, it is still half of facebook. You could show more promoted tweets if you wanted to. Why not show more tweets or promoted tweets or ads sooner . We have been methodical and careful about the way we have grown the business. From the day we started. In april, 2010, when we first launched our advertising platform. We have been the thoughtful and careful about the way we have grown the business and expanded it and we will continue to do that. I do not have i do not feel any sense of changing the way we approached that. You just raise the debt offering. You said you wanted twitter to be opportunistic about how you se it. How much flexibility does twitter have to make a multibillion dollar acquisition . The debt funding enables us to be very opportunistic about m a. What we said when we raise the money that we did not have a specific opportunity, we were thinking about when we raised the funding. It will allow us to be even more opportunistic and that is the way we think about it. Could you make a billiondollar deal if you wanted to . I do not want to speculate about the size of my deal we might pursue. It enables us to be opportunistic and to compete for deals we want to be involved in. You brought in some new people and how confident are you that this regime is a lasting regime . I think that management teams grow and evolve and change and that is always the case. I love the team we have in place, we have developed all sorts of tremendous leaders across the company. I could go on about the folks that are not on the front page of the media every day who has grown as Leaders Within the company. I like the team we have got. What about when it comes to product . We have a variety of leaders across product. We have daniel graf and kevin wheel. He is the guy that led the product side of the fabric launch and within the Consumer Product organization as a i mentioned on the previous conference call. A host of emerging leaders. You said you are doing experimentation with the product. How much experimentation are you doing on a daily basis and how nvolved are you in that . I am very involved in the way we think about the product and the way we take the product to market and the kinds of things we are trying in the product. Am very involved in that. My interview with twitter c. E. O. Dick costolo. Up next, jim ledger joins us. Welcome back to the best of bloomberg west. Im emily chang. T mobiles carrier promotions are keeping the new customers coming. They added 1. 4 million new subscribers in the Fourth Quarter but they posted a 94 million loss as it doled out subsidies. For more on the state of t mobile, i spoke with c. E. O. John legere who just marked two years on the job. Take a listen. Well, emily, it is two years since i have been here. From the day came and i had extremely High Expectations for this Company Namely because i saw the brand and i saw the people and i saw the competition as inept as they are and i knew there was a great possibility for the business. A couple of items you missed in your introduction. The big word that i was here with the team talking about today, record results. Adds,. 35 million net 1. 8 million branded net adds and Service Revenue is also up 10. 6 yearoveryear and you use the word by aggressive price measures. That is not what were about. As you know, we made this movement on a philosophy for changing the Wireless Industry and the brand is resonating with customers. We certainly had a great quarter but i can tell you, it continued right into october and we maintained as you see by our guidance keeping our guidance and raising the Postpaid Subscriber number from 4. 3 to 4. 7, which has annihilated the industry and we are happy about hat. What outlook do you have for price cuts . Again, whats wrong with you today, emily . Am i dressed in yellow . Do i look like the guy who is in charge of pricecutting . What about the sacrifices and what point do you stop making them . Listen, emily. We maintained our guidance on ebitda. Anybody would forego shortterm profitability for customer acquisition. To go from the beginning of the ear with two to three million Postpaid Subscribers and now 4. 3 to 4. 7 and maintain affability and a good cache profile, that pays back hugely especially when the churn is at alltime lows for the company. The outlook is fantastic for the company and i could not be more bullish on it. What do you think is the best thing for tmobiles future, not merging with sprint, youre not getting bought out by iliad. What about charlie what do you think about him . You are so predictable. Every time, the same things. Two things. My shortened your other question. What to expect from us is more moves to steer the course for the ones we have. What we want to do and i think we are, we want to change the Wireless Industry for everybody and that is going to pay back. As far it is a future, i have said to you all along, step number one i am certain of which is sustaining a standalone future for this company as a viable competitor and brand. A set of employees that are the envy of the industry. However, we have a tremendous amount of in organic options for the company. You mentioned some of the ones externally, but the best way to think about it is is there a possibility to create greater shareholder value by expanding on the value chain or looking at other ways to use our capability and brand and distribution, possibly with some others. In the short term, all we know is that we can sustain a very profitable shareholder value creating future standalone and there are a number of options including the ones you have talked about that we will continue to look at and see how shareholders think about them. Quickly. We only have about 30 seconds left. What is your appetite for more uncarrier moves, i did not say price cut. Will we see more of what we have seen over the last two years . I didnt say price cuts. Absolutely yes. Uncarrier moves. There are so many paying points, you and i are both on twitter. Watch the feed and you will see what customers want and in that feed will be on carrier 8 and 9 and the sustaining of one through seven. If you think the first seven were big wait till you see what we have in store after this. My interview with t mobile c. E. O. John legere. Well speak with david next about the ride sharing app big ricketry in washington. Victory in washington. Welcome back to the best of bloomberg west. Im emily chang. Uber has run into trouble are leg lators in nearly every market it expands to. Will a victory in washington put an end to all of this . The dmbs c. Council passed a bill that uber helps will help pave the way for other cities to formally legalize ridesharing apps. I started by asking david how is new job is going. Its an exciting and Global Company growing by leaps and bounds. Its a great group of people who are just brilliant. We try to improve cities and make the company grow so i love it. A lot of regulatory challenges are ahead of you which you are skilled at potentially working out. Tell me about what happened in d. C. And why you think this is such a watersshed moment. It really is i think the 13th municipality state in the last few months, california, colorado, oklahoma city, nashville so there is momentum. Uber you could call it uber mentum. I like it. I hadnt heard that one yet. We partnered with the local councilwoman so its a creative standard. I think a lot of the debate is how you fit uber and the other Ridesharing Companies into existing Regulatory Frameworks that are 60 years old . They looked at those new to create a new standard. It is 1 million of insurance, seven year state background check for drivers, inspection equirements this is a model so i think we will build the momentum we have seen. Many states and cities around the world are looking for a pathway forward because they see the value that uber is bringing in terms of helping their cities ith Transportation Needs and hasslefree transportation and cutting down on dui. There are huge safety element so you will see washington do something a lot of other cities look to. The young progress has already been made what about new york . Its not the only one but how are you mapping out your strategy in places like new york and around the world. Things are going great in new york. We are close with a taxi and Limousine Commission there to rovide a pathway for uber. Lyft there as well 378 as well. Its one of our Fastest Growing cities. You look at a city like london which is a great example. It is a great taxicab tradition. Its a place that generally is thought to have a Good Transportation service. We came in there and have added to that so people have to realize is this is not either or. It grows jobs and the am of people using Ridesharing Services and helps with underserved neighborhoods. One out of three of our trips go to a Small Business on cities where there is a Public Transportation grid, like metro rail, a lot of businesses not on that system suffer. Uber expands the ability for people to travel in different parts of the city. You see a lot of welcoming and paris is one of our Fastest Growing cities. We are in over 220 cities in 45 countries. We just entered vegas, for instance and there is a huge pentup demand for people pushing a button to get a ride. We all live our lives in a way we want information right away. We want to make a reservation for an airline right away. This should be no different. That transparency and accessibility is taking off. In the interest of transparency, im a huge uber customer. I couldnt live without it. I talk to many drives who are not happy, but we are also seeing uber drivers protesting in different parts of the country and some of them say they are not making very much money especially with the launch of uberx and free rides that have been offered in philadelphia. How are you keeping drivers happy and how do you respond to some of these people who say they are not making a living wage . Youve got to look at the vast majority of drivers who are happy. We are adding thousands of drivers every week. Every week. I think youve got people who are driving fulltime, who are making a good living and youve got a lot of people deciding to drive 1015 hours per week. What they like about it is complete flexibility, whether youre full time or part time. You do not owe anybody money on a medallion or a car payment. Its your own car in your own schedule so if you decide to drive four hours tomorrow, you can. Flexibility is key to what you are seeing is more and more people use uber, the number of trips per hour these are Small Business people. They are entrepreneurs and many of them are sole proprietors and some of them have a fleet of cars. Its working well for the cities and the drivers. I think it is something that will only grow as more and more people get exposed. There are many people in San Francisco who dont know about but even in some other cities there is people learning about the business. Who comes first at uber . Customers or drivers . Well, the drivers are our customers. Obviously uber does not work without great skilled drives who are passionate about what theyre doing. They are the bedrock of the company. We obviously have writers and riders and one of the great things about uber is the riders and drivers have a relationship. They talk all the time about their lives in cities. Its a strong relationship and one we want to foster and grow. C. E. O. Vice president of policy and strategy for uber. Next up, a rocket explodes right after launch. Well look at how big a setback it is with the private space industry with two former commanders of the