Craft shareholders will receive 49 here is the incoming chairman. Bloomberg west this combination will generate substantial synergies 1. 5 billion and many revenue expansion opportunities domestically and abroad. Matt they will invest 10 billion in the new business. A french official says the audio has been recovered from the black box found at the site of the germanwings crash in the french alps. The case to the second black box was found today, but not its content. Press will on says the casing Francois Hollande says the casing was found with nothing in it. They have arrived at the site today. The European Central bank has increased the cap on emergency Funds Available for greek banks. It has been raised to just over 71 billion euros. The decision comes after policy makers shares of Apollo Education Group plunging today, down the most in four years. The number of students registering for its online courses fell 13 to 28,300 in the second quarter. It cut its revenue forecast for the year. Apollo once the forprofit university of phoenix. Apple has acquired Database Company foundation db according to a person familiar with the matter who says the purchase will help apple improve its Cloud Computing offerings. Apple says it buys Smaller Technology companies from time to time and generally does not discuss its plans. To the lead, facebooks f8 Developers Conference is underway in San Francisco. Mark zuckerberg giving his keynote speech and moments. Cory johnson is life outside of f8. What have you learned . What are we expecting . Cory what we might expect Mark Zuckerberg talk about are some themes that are specific to this Developer Community but maybe tie in the bigger things we have heard out of facebook in the last few quarters. Especially around ads, video ads and the ways these developers might incorporate facebooks new tools in advertising and running video ads so they can take some of that cash and use the latest tools facebook has an ways to track which ads are working across multiple devices. These are vexing technological problems and there is a lot of money associated with it. If you look at the revenue from advertising well over 90 of the revenue base and its growing at a massive pace. The idea that developers will they create new apps or stay within facebook while their app runs that is the kind of thing Mark Zuckerberg will talk about because they realize they will not all work at facebook but he can tap into many of them if he can inspire the developers here at the f8 conference that appeared matt conference today. Matt is it right in assuming that his end goal is to have everything happening on facebook . So that facebook replaces the internet . Cory great question. I have never gotten a straight answer out of facebook about it. Its a dumbbell approach. They want everyone to go to facebook and stay on facebook and do everything they can on facebook. If that is not going to happen they want everyone to go to a facebook app, whether its messenger or instagram or whatsapp. They want to make sure wherever you are come you were on a facebook property. One of the things to listen for today will be development around those apps. Are they going to allow developers to write for those platforms . Allowing payments between users of facebook messenger. Is that the kind of thing that will open up to other developers to offer other services . Looking at this other platforms. Matt its exciting to hear from his perspective that the New York Times, National Geographic, buzz feed may operate within the bounds of facebook. What other things do you think you would like to see inside facebook . Cory its interesting the way he seems to think of his company as a media copy. People consume information. As a Media Company. Thinking about something, calling it the new speed. News feed. I think thats an important developed for the company because it signals a direction in the way they think about things is a place people congregate to share experiences. Thats an Interesting Development and the notion that some of these pure Media Companies like New York Times and so on might actually be thinking about ways to present that on facebook but not wanting them to leave that facebook site to get it. Matt Mark Zuckerberg is stepping up to speak. Is he taking the podium . Lets listen in. Mark zuckerberg there are now hundreds of thousands of developers building on facebooks tools including more than half outside the u. S. More than 30 million apps and sites have been built using facebooks tools. Last year, we drove more than 3. 5 billion cap installs app installs. People shared 50 billion pieces of content on facebook. We have paid out more than 8 billion to developers in the last five last five years. 90 of apps are integrated with facebook. Because of all the apps and services you were a that you were all building, the facebook ecosystem is stronger than ever. I want to thank you for being a part of our community. You are the ones connecting the world and we are proud to serve you. [applause] today, i want to talk about how our community is going to continue making progress. I want to start with the two major themes we introduced at last years f8. The first theme is stability. To help you build, grow and monetize your apps, you need to be able to rely on our platform. Last year, we committed to making our platform really stable. We even changed our mantra. We recognized when you are operating at scale, stability is how you move quickly. We introduced it to your stability guarantee. We committed to fixing all major bugs in 48 hours and i proud to say that we did these things. We had an internal goal to reduce the number of bugs in the system by more than 66 and we did that. This year, we want to go even further. We are making a new commitment to fix more than 90 of the small bugsy report within 30 days bugs in you report within 30 days. We are introducing a bug dashboard. When you submit a bug, you will know when you can expect to get it fixed. We are continuing to build on this important theme of stability for our community. Lets talk about our next theme. In all of our products and our platform, we want to make sure we always put people first. We are all to serve the people using our products. We need to make sure we always put them first by making sure we keep everyone safe, giving people more control over their experiences. When people feel good about their privacy and their security , thats when they are open to trying new experiences like all the apps you all are building. Heres how we are approaching this. With facebook login our aim is to get people complete control over the information they share with apps. Facebook login continues to be the most popular way people want to log into apps. More than 80 of the top 100 apps use facebook login. Last year, we introduced a new facebook login that gives people more control over the information there sharing with apps. We created a simple review process to make sure that developers are not asking for more permission than they really need. Since making this change, apps are now requesting 50 fewer permissions none they were before and are seeing more than 10 increases in the rate of people logging in. Over the next month more apps will migrate to the new login. We think these changes are going to make people feel a lot more comfortable and make the ecosystem a lot healthier overall. Another effort we are focused on is helping developers protect peoples security. Last month, we announced a new platform that allows companies to Exchange Information about malware and cyberattacks. Malware is getting more sophisticated. It is increasingly challenging for anyone, anywhere developer to keep up with the different Mark Zuckerberg speaking from the f8 Developers Conference talking to the developers. We will continue to follow this for you and have much more coverage from San Francisco throughout the hour. Bloomberg west will be right back. Matt this is bloomberg west. Coming up, how important are developers . Amazon tells the faa thanks, but no thanks on its latest drone permit. Those stories and more in this hour. First off, here are some top headlines. The president of yemen has fled the country as a shiite rebels advance. He left his palace via boat selling off into the gulf. This comes after his defense minister was arrested by the rebels who just captured a key airbase in southern yemen. The fbi needs to urgently update its intelligence gathering capabilities at home and abroad. That is the conclusion of the new report ordered by congress. The review found the fbi has fallen behind the curve when it comes to keeping tabs on cyber criminals, foreign fighters and extremists. In new home sales new home sales rose in february, hitting a sevenyear high. The ceo of homebuilder overall, its a very positive trend. Everyone is excited about one months data. The data gets revised. What is accurate is the trend has been very positive. It is picking up steam, it is the springtime and that is the big Housing Market time. Matt the first time new home sales have top 5000 for two straight months since 2008. Mark zuckerberg is on stage speaking to over 2500 developers in San Francisco. Cory johnson is live outside the event. Cory lots of interesting things going on inside. To understand what goes on inside facebook lets gather together some former facebookers who ought to know. The chief Technology Officer at facebook and i know you work a lot on mobile. When facebook looks at mobile you see these other apps popping up. When i look at this, i cannot figure it out do they wanted to all go to Facebook Notre Dame or do they imagine a lot of apps . Bloomberg west it is a it is a dual pronged strategy. Facebook is always realized that not everybody will use facebook all the time and they want to be part of any apps doing anything on mobile that can help developers build or monetize or grow. Cory when facebook looks at the big picture of technology they think their fundamental strength is advertising . No, i think it is a Consumer ProductsCompany ComingMedia Company fundamentally. The reason they have a strong advertising platform is because they reached summit people. So many people. It is driven by a really, really Popular Consumer product. Cory it is focused on media first, the ads will come later. You have to do that. If you look at yahoo the advertising dollars follow a large audience. Cory i wonder if you see the acquisitions of facebook as it relates to advertising as a way to maybe create more of a mode around that even though they cannot keep users the revenue component of that, the machinery of revenue will be part of facebook the same way it is at google. Facebook wants to be where people are, spending time on mobile. People are sending messages and sharing photos. Cory lets focus on there is an Interesting Development around media. May be partnering with the New York Times and National Geographic and buzz feed and so on. What do you think of it . It was interesting. The growth of mobile has changed facebooks platform landscape quite a bit. In the early days of the new speed was the sole source of distribution for a huge number of developers. Since then, the gravity has shifted to apple and android providing distribution for a lot of developers. They are trained to reclaim that. Theres rumors that they will launch a new platform with their messaging products. They are trying to develop that depth with developers they have lost with the growth in mobile app stores. Cory i want to talk about what developers how they think they will make money by working with facebook. Stay with us. We will be right back talking more about facebook and how facebook is bringing money to the rest of the world. Matt welcome back to cory welcome back to bloomberg west. We are at the f8 conference. Im joined by the ceo of quip carl of shadow puppet. Mark zuckerberg is talking about facebook messenger, now 600 million users. Talking about it as a platform. What does that mean . You can imagine a bunch of interactions around that. They announced payments a few weeks of. Figuring out where to go when im meeting up with a friend i can send stickers or other content to them. It will be interesting to see what direction they take it. Cory more than a mode cards or sending a location, i wonder if theres payments, put sharing annotations, things like that. Think of all the Services Related to the conversations youre having with your friends. Planning a movie or a vacation finding a place to me. Cory they are able to share revenue somehow . Thats how it works in china where this is already popular. There is a Large Company called tencent. A lot of people anticipated this because it has been so successful for tencent. The revenue sharing is hard but the fundamental Value Developers are getting from facebooks distribution. Is distribution. They are reaching 600 million people. That is a lot more than most of these developers. Cory more than twitter. You make an app that has become one of my favorite apps. I wonder, they are finding ways for apps to communicate with other apps through facebook. Do you want to use turn over the keys to your kingdom to facebook . If it is done in elegant way, developers will embrace it because interoperability is pretty bad right now. In the age of the internet, you click a hyperlink in a page will load. Now, you have to go to the app store and type in your password and 20 minutes later you will give up. The larger Technology Companies like facebook are trying to lead the charge on that aired part of it is all true a stick. All true atruistic. Cory when you look at this, you have a nap as well, one of the biggest Revenue Sources for facebook as been people clicking on apps to find new apps. Do you want the other apps to know where you are and what success you are having . In this crowded mobile landscape right now, getting the word out about your app is one of the Biggest Challenges for a startup. We have been at for schools an app for schools. Cory thank you very much. Lots more from the f8 conference when bloomberg west continues. Matt you are watching bloomberg west. Im matt miller. This check on bloombergs top headlines. The leaders of germany, france and spain arrived at the site of the germanwings crash today. They thanked those in the recovery efforts. French helicopters and 600 officials are searching for bodies and the wreckage in remote regions french alps. Investigators are probing the black box, looking for clues as to why the plane went into its steep descent. The leader of afghanistan th anked the Obama Administration for its support. It was illegal to educate girls. Today, more than 3 Million Girls in primary schools across the country are learning to openly and actively participate in the future of the democratic afghanistan. [applause] matt yesterday, president obama said the u. S. Will maintain its current troop level in afghanistan through the end of the year. He was planning on cutting that forced nearly in half. The oil glut keeps getting bigger as the amount of crude stored in the west set another record after the amount of oil pumped into the u. S. Rose, too. The United Auto Workers union wants to eliminate the difference in pay between senior workers and new were hires. The Group Opposes a lower paid group. Ford and gm are asking for a lower tier of Union Workers in their factories. Negotiations dont officially begin until july. A discrimination lawsuit by a former ups driver may be headed back to court after the u. S. Supreme court voted 63 to back the rights of pregnant workers. The driver had to leave her job at ups after a doctor recommended she not lift heavy items. Ups has given temporary assignments to other workers recovering from onthejob injuries. A federal Appeals Court had previously backed ups. Facebooks annual f8 conference Mark Zuckerberg just finished his keynote where he announced messenger as a platform for developers. Cory johnson is outside the event and joins us now. Cory messenger is so important to the future of facebook. Because of a bigger change going on. This huge change going on the telecommissions does telecommunications i sms messaging is falling. In some places, it is shrinking. There are messaging apps out there like snapchat and tencent and facebook messenger. Facebook messenger now has 600 million monthly active users. That is a ton of people. They will let those users do more than just chat with each other. They can share other things and that Application Developers let Application Developers write applications to be used on messenger. Matt thanks very much for that. I wonder what else we are looking forward to out of this Developers Conference. What is up next . He just spoke for a short time. What do you expect . Cory one of the interesting things he talked about was the facebook log in, one of the most clever things i have seen in decades. Facebook says to all the com