Browse content similar to 10/08/2017. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:00. | :00:10. | |
Embattled electronics giant Toshiba has finally | :00:11. | :00:11. | |
reported its long-awaited earnings, but with losses mounting does | :00:12. | :00:13. | |
Live from London, that's our top story on the 10th of August. | :00:14. | :00:39. | |
Analysts warn the 140-year-old iconic Japanese firm is still facing | :00:40. | :00:47. | |
serious challengers. We'll talk you through Toshiba's latest | :00:48. | :00:52. | |
revelations. And Facebook versus YouTube. The social media giant goes | :00:53. | :00:58. | |
all out to woo TV viewers. Markets in Europe are open and trading but | :00:59. | :01:11. | |
very mixed. We are going to find out how one man used his skills | :01:12. | :01:16. | |
combating insurgents in the army can now sell us all sorts of things | :01:17. | :01:22. | |
including the FT. As Facebook launches a new video service, we | :01:23. | :01:27. | |
want to know what would you watch on social networks? What TV shows would | :01:28. | :01:29. | |
you watch? Let us know. Welcome to the programme. As usual | :01:30. | :01:44. | |
it's action packed. Toshiba has reported | :01:45. | :01:52. | |
its much-delayed earnings - finally reducing the risk it will be | :01:53. | :01:54. | |
de-listed from the The embattled electronics firm | :01:55. | :01:56. | |
posted a loss of $8.8 billion It follows an accounting scandal | :01:57. | :02:00. | |
and massive writedowns. So, what's gone wrong | :02:01. | :02:03. | |
for the 140-year-old Japanese giant? Two years ago an accounting scandal | :02:04. | :02:09. | |
was revealed that led to the resignation of several | :02:10. | :02:12. | |
members of the firm's senior The company was found to have | :02:13. | :02:17. | |
inflated the previous seven years Problems came to a head again this | :02:18. | :02:25. | |
year, when Toshiba's US nuclear unit, Westinghouse, | :02:26. | :02:31. | |
was forced to file for bankruptcy protection after suffering | :02:32. | :02:37. | |
a $13 billion cost overrun. It's proving pretty difficult | :02:38. | :02:42. | |
to find a buyer for Westinghouse. In a desperate move, | :02:43. | :02:48. | |
Toshiba has been forced to put up This is a major part of its business | :02:49. | :02:51. | |
- making memory chips It's been valued | :02:52. | :03:00. | |
at about $18 billion. This has taken its toll | :03:01. | :03:08. | |
on the company's share price which has effectively halved, | :03:09. | :03:13. | |
and in April Toshiba actually warned With me is Pelham Smithers, | :03:14. | :03:15. | |
Managing Director of A lotto details about why we are | :03:16. | :03:37. | |
where we are with Toshiba. But some relief I suppose today that they | :03:38. | :03:40. | |
have finally posted the earnings. This is just one of their | :03:41. | :03:45. | |
challenges. That's right. They faced separate problems. The first is | :03:46. | :03:52. | |
whether there are accounts would be qualified by the accountants. The | :03:53. | :03:56. | |
other question is an ongoing investigation by the Tokyo stock | :03:57. | :03:59. | |
exchange into whether or not the company has been improving its | :04:00. | :04:03. | |
internal controls. They've overcome the first hurdle, they've got the | :04:04. | :04:07. | |
second to come. It doesn't mean their future is secure? It doesn't. | :04:08. | :04:14. | |
Even if they manage to get the Tokyo stock exchange to agree their | :04:15. | :04:18. | |
controls have improved, they still have the problem that they have a | :04:19. | :04:21. | |
negative net worth, so they need to reverse that situation. The only way | :04:22. | :04:27. | |
they have of doing that is to sell their memory business. We've seen | :04:28. | :04:32. | |
the dithering about trying to sell that and who they might sell it to. | :04:33. | :04:35. | |
Let's talk about Westinghouse, that's been the bone of contention | :04:36. | :04:40. | |
for Toshiba and the source of the problems. Cost overruns, delays, | :04:41. | :04:47. | |
talk us through it. It started off when they paid too much for it in | :04:48. | :04:51. | |
the first place. They then became aggressive in bidding for nuclear | :04:52. | :04:55. | |
contracts around the world. Having been aggressive they then got hit, | :04:56. | :05:00. | |
first by the earthquake which caused construction costs to go up and | :05:01. | :05:05. | |
greater safety requirements. It also meant several countries decided not | :05:06. | :05:09. | |
to go ahead with plans limiting them to a handful of important projects. | :05:10. | :05:13. | |
Those projects run into trouble because they used a new untested | :05:14. | :05:16. | |
technology and guess what, production costs went through the | :05:17. | :05:21. | |
roof. In some respects, putting out the figures they've put a barrier | :05:22. | :05:24. | |
around that. We know the cost associated with it and they can | :05:25. | :05:28. | |
hopefully move on. Again, the future of Toshiba isn't assured. They have | :05:29. | :05:35. | |
ring fenced the cost overruns to date but that doesn't necessarily | :05:36. | :05:38. | |
mean there won't be any more in the future. They have a big issue in the | :05:39. | :05:46. | |
UK with Moorside and the cost of that going up. While they are | :05:47. | :05:50. | |
negotiating that project that's fine, but imagine if the costs went | :05:51. | :05:56. | |
up after they fixed it. Everyone is very excited about the sale of | :05:57. | :06:00. | |
memory chips but that is incredibly cyclical business. Where will it be | :06:01. | :06:05. | |
this time next year? It's fascinating and you realise how a | :06:06. | :06:10. | |
giant like Toshiba can face such problems putting its future into | :06:11. | :06:11. | |
question. Thank you. Let's take a look at some of | :06:12. | :06:14. | |
the other stories making the news. The owner of Fox News and 21st | :06:15. | :06:17. | |
Century Fox movie studio looks Fox said revenues were up 1.5% | :06:18. | :06:20. | |
to $6.8 billion in the fourth quarter after ratings at its cable | :06:21. | :06:24. | |
TV business improved and drew Toy brick maker Lego is to appoint | :06:25. | :06:27. | |
its second boss this year. 61-year-old Brit Bali Padda has been | :06:28. | :06:36. | |
pushed aside by the Danish company after just eight months in the hot | :06:37. | :06:39. | |
seat to be replaced He said he was never expected to | :06:40. | :06:42. | |
stay in the post long term. The new chief will be 51-year-old | :06:43. | :06:52. | |
Niels B Christiansen. Zurich Insurance has posted a 21% | :06:53. | :06:55. | |
rise in Q2 net earnings. The Swiss insurer set out | :06:56. | :06:57. | |
a turnaround plan last year and its latest numbers suggest it's | :06:58. | :07:00. | |
already reaping the rewards. Net profit for for the three | :07:01. | :07:02. | |
months to the end of June climbed to $896 million, | :07:03. | :07:05. | |
That beat the average analyst Facebook has announced plans | :07:06. | :07:07. | |
for a new TV service - putting it head to head | :07:08. | :07:17. | |
with services like YouTube and Netflix - but could this also | :07:18. | :07:20. | |
help the social network crack Asia? What is Facebook actually doing now? | :07:21. | :07:41. | |
The social media giant is hot on the heels of other companies, Netflix | :07:42. | :07:45. | |
and YouTube, as well as traditional TV networks. It will first launch in | :07:46. | :07:50. | |
the US but eventually friends from across the globe will be able to see | :07:51. | :07:57. | |
a range of shows including a safari programme from National Geographic | :07:58. | :08:00. | |
and professional sports like women's basketball. Users will also have a | :08:01. | :08:03. | |
chance to connect with other friends and dedicated groups. They hinted | :08:04. | :08:10. | |
last year something bigger was in the pipeline. It has been reported | :08:11. | :08:14. | |
Facebook has signed deals with groups like Buzzfeed. It is expected | :08:15. | :08:23. | |
to open up new revenue potential for Facebook and programme makers in | :08:24. | :08:26. | |
Asia and around the world, that could mean you will have to sit | :08:27. | :08:31. | |
through commercials in between the show and before the show begins. | :08:32. | :08:35. | |
There you go. We know what that's like! | :08:36. | :08:38. | |
Tell us what you think about that story. We are asking what you would | :08:39. | :08:44. | |
be watching on Facebook but also what you think about that. Give us | :08:45. | :08:46. | |
your thoughts. Now the markets. Flat for Japan. | :08:47. | :08:54. | |
Toshiba is a story that has dominated the day. Elsewhere it big | :08:55. | :09:02. | |
loss in Hong Kong. In Europe right now it's a fairly similar picture. | :09:03. | :09:07. | |
Markets are in a funny place. It's the middle of August so many are | :09:08. | :09:11. | |
away on holiday. Trading volumes are thin. We've also got this sabre | :09:12. | :09:16. | |
rattling going on between the United States and North Korea which is | :09:17. | :09:21. | |
causing everyone to put their money in safe places during what is often | :09:22. | :09:27. | |
a volatile time. When things happen they tend to be really exaggerated. | :09:28. | :09:31. | |
Let's have a look at the day ahead on Wall Street. | :09:32. | :09:35. | |
Rising tensions between the US and North Korea gave the market | :09:36. | :09:37. | |
Now, this follows a period of record highs for US stocks. | :09:38. | :09:41. | |
Investors, though, will have more than geopolitics | :09:42. | :09:43. | |
One question - is the retail sector ready for a comeback? | :09:44. | :09:47. | |
Several big department stores, from Macy's to Nordstrom to Kohl's, | :09:48. | :09:51. | |
all reports second-quarter results, and they're struggling | :09:52. | :09:53. | |
with competition from online retailers, as well as discount | :09:54. | :09:55. | |
shops, and that has led to less people going to the mall. | :09:56. | :10:02. | |
Add to that the big picture, which has been weak - | :10:03. | :10:05. | |
retail sales have fallen for two months of the second world, | :10:06. | :10:09. | |
so expectations, it's fair to say, aren't high. | :10:10. | :10:13. | |
On the tech front, Snap reports results. | :10:14. | :10:17. | |
Since it went public, there have been concerns | :10:18. | :10:19. | |
that it is not doing as well as rival Instagram, | :10:20. | :10:21. | |
so expect investors to eye Snap's daily active user numbers for any | :10:22. | :10:25. | |
Joining us is Maike Currie, investment director | :10:26. | :10:32. | |
Nice to see you. Sally called it sabre rattling and it really has | :10:33. | :10:44. | |
rattled markets, these tensions between North Korea and the US. | :10:45. | :10:48. | |
Markets have been shaken out of the summer lull. We saw yesterday that | :10:49. | :10:55. | |
move into safe haven assets. That has cooled down a bit today but | :10:56. | :11:01. | |
there's still some nervousness. There is a question over whether we | :11:02. | :11:05. | |
will see a correction or even a bigger market collapse. What are you | :11:06. | :11:11. | |
saying about that at Fidelity? There is a real debate going on. There is | :11:12. | :11:16. | |
still a lot of money in cash and fixed income and bonds. There's a | :11:17. | :11:20. | |
lot of money on the sidelines. We really need to see that money moves | :11:21. | :11:25. | |
into the market before we can talk about a correction. The painful | :11:26. | :11:29. | |
thing is it's in these final stages where investors can actually make | :11:30. | :11:34. | |
the best profits. As always, you can never call the end of the market. | :11:35. | :11:38. | |
But a lot of them are a way, it's one of the quietest times of year | :11:39. | :11:45. | |
right now. Is that the danger zone, is that the time when a lot can go | :11:46. | :11:51. | |
on? Absolutely. We saw this two years ago in China. In the summer in | :11:52. | :11:55. | |
August, when a wasp in trading going on and we had the tensions and | :11:56. | :12:00. | |
worries about debt levels in China, it really rattled markets. We will | :12:01. | :12:03. | |
see if the tensions between North Korea and the US has the same | :12:04. | :12:09. | |
impact. Thank you. You'll be back later to talk about Lego. | :12:10. | :12:14. | |
Still to come - using psyops to sell baby products. | :12:15. | :12:18. | |
We speak to the man using military intelligence skills to run | :12:19. | :12:20. | |
You're with Business Live from BBC News. | :12:21. | :12:38. | |
We are in earnings mode in the UK still. We've had news from the | :12:39. | :12:43. | |
Co-op. The Co-operative Bank has posted | :12:44. | :12:45. | |
a ?135 million loss in its first earnings report since a rescue | :12:46. | :12:48. | |
package ended plans But the bank continues | :12:49. | :12:50. | |
to lose customers. Our business editor, Simon Jack, | :12:51. | :12:53. | |
has been going through the numbers. Simon, loving the trainers! Talk us | :12:54. | :13:06. | |
through the Co-op. I've just got off the train! The Co-op bank, is it | :13:07. | :13:10. | |
turning the corner? Yes and no. It's still losing money. It is narrower | :13:11. | :13:17. | |
than the loss they made last year. They've been spending a lot of money | :13:18. | :13:22. | |
on trying to knock it into shape. It had a near death experience in 2013 | :13:23. | :13:27. | |
when it discovered a ?1.5 billion hole in its finances. That led some | :13:28. | :13:31. | |
of its investors to pump in additional money. In February they | :13:32. | :13:35. | |
said they aren't turning it around, they were putting it up for sale. | :13:36. | :13:40. | |
They didn't get any buyers said the existing bondholders have agreed to | :13:41. | :13:45. | |
sink ?700 million of extra capital into the bank. That will see the | :13:46. | :13:50. | |
Co-op group, the ethical mutual group which used to own the Co-op | :13:51. | :13:54. | |
bank, C at stake reduced from 20% down to nearly 0%. The question is | :13:55. | :14:00. | |
is this still the same Co-op a lot of customers like with its ethical | :14:01. | :14:06. | |
stance? We've seen some of that in customer numbers, 25,000 customers | :14:07. | :14:11. | |
out of 1.4 million current account holders decided to close accounts. | :14:12. | :14:16. | |
That's not a stampede but it is a trickle. I was listening to the | :14:17. | :14:20. | |
management talking today and they are at pains to stress they will | :14:21. | :14:24. | |
continue their ethical stance. It's the one thing that sets the Co-op | :14:25. | :14:29. | |
apart. It may not be the Co-op we know and love but they say it will | :14:30. | :14:33. | |
look and feel the same. We've got to hope now this uncertainty is over, | :14:34. | :14:38. | |
they are going to get an infusion of new capital in September, that the | :14:39. | :14:42. | |
bank will be safe and behave like it always has, and they will be able to | :14:43. | :14:47. | |
hang on to customers. In total both got 4 million with either a council | :14:48. | :14:50. | |
mortgages. You get the impression this story is going to run and run! | :14:51. | :14:53. | |
He's got the right shoes on! You don't want to know what I am | :14:54. | :15:03. | |
wearing under the desk! You know why I am standing today! | :15:04. | :15:10. | |
News on the website that Blockbuster films have boosted cinema revenues | :15:11. | :15:11. | |
by nearly 20%. You're watching Business Live, | :15:12. | :15:16. | |
our top story - Japanese industrial giant Toshiba has met a deadline | :15:17. | :15:19. | |
to report its long-awaited earnings results, which may | :15:20. | :15:21. | |
save it from being delisted That is after a major accountancy | :15:22. | :15:35. | |
scandal that was revealed two years ago. By publishing them, it will | :15:36. | :15:38. | |
save them from being delisted from the Tokyo stock exchange, which was | :15:39. | :15:43. | |
a real worry. The figures are not great, but it means that for now it | :15:44. | :15:49. | |
remains on the Tokyo stock exchange. Markets in Europe have been trading | :15:50. | :15:54. | |
for 45 minutes, and they are all headed lower, following the same | :15:55. | :15:58. | |
mood in Asia today, and the night before on Wall Street, real concern, | :15:59. | :16:01. | |
as we have mentioned, with what is happening with regards to North | :16:02. | :16:05. | |
Korea and the United States, something that is very relevant for | :16:06. | :16:06. | |
our next conversation. Here's a question - | :16:07. | :16:08. | |
does getting inside the mind of a potential radical extremist | :16:09. | :16:10. | |
and persuading someone to buy a brand of washing powder require | :16:11. | :16:13. | |
the same set of skills? He's a former UK army military | :16:14. | :16:18. | |
intelligence reservist He's now runs marketing agencies | :16:19. | :16:21. | |
Global Influence and Verbalisation. Using counterinsurgency | :16:22. | :16:36. | |
skills to sell products, he has built up a client list | :16:37. | :16:38. | |
that ranges from the FT to Nice to see you. We sort of hashtag | :16:39. | :16:54. | |
away through that interview, trying to explain what you do, maybe you | :16:55. | :17:01. | |
can do it better! It is a really fascinating area, trying to explain | :17:02. | :17:04. | |
people to do things by talking to them in a language they understand | :17:05. | :17:06. | |
ultimately, but there are clever ways you can do that. Essentially, | :17:07. | :17:14. | |
there is a science of behaviour change, and using language to affect | :17:15. | :17:19. | |
behaviour change, so really what my companies do is better and stand the | :17:20. | :17:23. | |
target audience, using scientific techniques, to then verbally | :17:24. | :17:27. | |
engineer language to increase empathy, really, between the | :17:28. | :17:32. | |
audience and the product and message they are trying to bring to the | :17:33. | :17:36. | |
audience. And language has become more important, hasn't it? | :17:37. | :17:40. | |
Especially through social media, more so than perhaps images. Not | :17:41. | :17:46. | |
least here we are sitting in a BBC studio, the 24 hour news cycle gets | :17:47. | :17:52. | |
people, obviously, hooked on hearing more information, talking about more | :17:53. | :17:55. | |
information. The difference between being informed and being | :17:56. | :17:58. | |
well-informed is fundamentally important, and that is why we work | :17:59. | :18:03. | |
with commercial brands such as the Times, who believe very firmly in a | :18:04. | :18:06. | |
difference between informed and well-informed. You started the | :18:07. | :18:11. | |
company six years ago, you described to me earlier that you had an | :18:12. | :18:17. | |
epiphany in a trench - explain. Yes, in Afghanistan, we were having to | :18:18. | :18:21. | |
power down at the bottom of a trench because of a situation going on | :18:22. | :18:25. | |
around us, and as we were talking at the bottom of the trench, a group of | :18:26. | :18:30. | |
soldiers and myself, we saw a little blue triangle on the floor, and it | :18:31. | :18:34. | |
was only later that we worked out that they were arrowheads from | :18:35. | :18:39. | |
Alexander the great. Fundamentally, we hadn't progressed in Afghanistan. | :18:40. | :18:42. | |
A thousand years by using those techniques. That was sort of the | :18:43. | :18:48. | |
moment when I thought we needed to create a business to help us with | :18:49. | :18:54. | |
dialogue over division. Explain what you have done with dialogue over | :18:55. | :18:57. | |
division in terms of work with young people, trying to prevent them from | :18:58. | :19:02. | |
signing up to organisations like so-called Islamic State. One area of | :19:03. | :19:07. | |
the company, of the two companies, is focused on helping charities and | :19:08. | :19:13. | |
NGOs to intervene when people are being radicalised, to understand the | :19:14. | :19:16. | |
language patterns that so-called Islamic State might be using to | :19:17. | :19:21. | |
recruit these people, and then to create interventions, often online, | :19:22. | :19:26. | |
to counteract that process. So, again, understanding the audience, | :19:27. | :19:29. | |
decoding the psychology of the audience, and verbally engineering a | :19:30. | :19:33. | |
more effective way to disrupt the messaging or provide a more dialogue | :19:34. | :19:39. | |
based messaging step. And we might come into contact with this more | :19:40. | :19:42. | |
than we expect, because marketers are using this as well. There is a | :19:43. | :19:48. | |
slight difference, the marketing industry is using a certain kind of | :19:49. | :19:53. | |
insight, a certain kind of insight methodologies that is not | :19:54. | :19:57. | |
linguistically based. What we bring to the market is something pinpoint | :19:58. | :20:00. | |
targeted at language analysis and the use of words more effectively. | :20:01. | :20:05. | |
How big you know, though, that your method of persuasion are working? If | :20:06. | :20:11. | |
we take a commercial client like the Times, they saw 200 36 cents | :20:12. | :20:15. | |
increase in their yields... But how do you know that young people are | :20:16. | :20:18. | |
not signing up to Islamic State because they watched a video you put | :20:19. | :20:22. | |
together? In that particular instance, with a film we put out, a | :20:23. | :20:27. | |
viral, there was a measure of the impact was the media reach, 500 | :20:28. | :20:31. | |
million media impressions in seven days, but we can also track and | :20:32. | :20:37. | |
trace the conversations that our work influenced online. We have a | :20:38. | :20:49. | |
great deal of KPIs to show behaviour change in that instance. Some people | :20:50. | :20:52. | |
would call this a dark art, you are trying to convince somebody to do | :20:53. | :20:58. | |
something they are not aware of, and that is all too true of selling | :20:59. | :21:02. | |
stuff. Equally, when it comes to politicians, you know, a lot of | :21:03. | :21:05. | |
political messaging is about persuading us to vote when a certain | :21:06. | :21:11. | |
way, none more so than during the Brexit referendum. A lot of | :21:12. | :21:14. | |
criticism of the claims and counterclaims, it is a dark art, | :21:15. | :21:18. | |
isn't it? Not at all. First of all, if you have children, if you want, I | :21:19. | :21:24. | |
have got two children, if you want them to go to bed, you have to | :21:25. | :21:27. | |
understand the individual you are talking to. One of my children, | :21:28. | :21:33. | |
let's play a game, race upstairs. The other one is, look, daddy is | :21:34. | :21:37. | |
going to get angry if you don't go. You have to understand the audience | :21:38. | :21:41. | |
to speak more effectively to them. But there is no ulterior motive, but | :21:42. | :21:46. | |
if you are a political party with a particular persuasion, you want | :21:47. | :21:50. | |
people to vote the way you think. The first thing to do is communicate | :21:51. | :21:54. | |
your policy in an effective way. We lived through the area of Spain with | :21:55. | :21:59. | |
top-down messaging. We are advocating much more dialogue based, | :22:00. | :22:06. | |
empathy with the target audience, I think that is a good thing, not a | :22:07. | :22:09. | |
bad thing. I think we will leave at there, apps I could use your skills | :22:10. | :22:13. | |
in my home! I can't get my kids to bed ever! I go to bed before them | :22:14. | :22:20. | |
now! But then I do get up at two in the morning. | :22:21. | :22:24. | |
You have never mentioned that(!) A lot more to come in Business Live, | :22:25. | :22:32. | |
this is how to stay in touch. The Business Live page | :22:33. | :22:41. | |
is where you can stay ahead of all the day's | :22:42. | :22:43. | |
breaking business news. We'll keep you up-to-date | :22:44. | :22:45. | |
with all the latest details, with insight and analysis | :22:46. | :22:47. | |
from the BBC's team of editors Get involved on the BBC business | :22:48. | :22:49. | |
live web page, bbc.com/business, on Twitter @BBCBusiness and you can | :22:50. | :22:55. | |
find us on Facebook Business Live on TV and online, | :22:56. | :22:57. | |
whenever you need to know. Particularly about this story about | :22:58. | :23:10. | |
Facebook moving into the television arena, we would get into that in a | :23:11. | :23:14. | |
moment, but Maike is back, the story about the new boss of Lego going | :23:15. | :23:20. | |
after eight months, tell us more. It is interesting, because he is the | :23:21. | :23:24. | |
first non-Danish chief executive of Lego, he has only been in the job | :23:25. | :23:27. | |
for eight months. They have said this was always the deal, since he | :23:28. | :23:31. | |
was appointed they would start looking for a new chief executive, | :23:32. | :23:36. | |
so there may or may not be more to the story, but what is interesting | :23:37. | :23:39. | |
is that Lego is feeling the pressure. It dominates the | :23:40. | :23:49. | |
construction aisle, but their biggest competitor is moving into | :23:50. | :23:54. | |
that space. What do we know about this new guy? So interesting, | :23:55. | :24:03. | |
because the first guy was there just eight months, and then another Dane. | :24:04. | :24:10. | |
It does seem that way, but the new chief executive has got a very good | :24:11. | :24:16. | |
track record. Is he good at building?! He is a master builder! | :24:17. | :24:22. | |
Is good at increasing profits, which is what you want your chief | :24:23. | :24:27. | |
executive to do. Isn't it everybody's dream job? | :24:28. | :24:30. | |
We think it probably looks really easy to run. | :24:31. | :24:34. | |
Everything is awesome! But to keep up with current | :24:35. | :24:38. | |
trends... By the way, I'm just quoting a song from the Lego movie, | :24:39. | :24:44. | |
that is not the BBC opinion of Lego! Because it is such an iconic brand, | :24:45. | :24:49. | |
there is so much and tapped potential, and in this world of new | :24:50. | :24:53. | |
technologies, there is so much you could do, so you need someone very | :24:54. | :24:58. | |
forward thinking. That moves us nicely onto Facebook, we have been | :24:59. | :25:01. | |
asking your views about watching TV through Facebook. The journal is | :25:02. | :25:07. | |
talking about how Facebook squashes, edition from start-ups. All well and | :25:08. | :25:12. | |
good them coming up with good ideas, but Facebook I'd buys them or copies | :25:13. | :25:23. | |
them. These big tech giants can afford to sweep up the start-ups, | :25:24. | :25:27. | |
and it raises a few questions about the future of the tech sector, so we | :25:28. | :25:34. | |
have those big giants, Facebook, Google, Amazon, with deep pockets, | :25:35. | :25:41. | |
spending cash to buy up smaller companies like Snapchat, WhatsApp, | :25:42. | :25:47. | |
Instagram, to expand. Just to say, Snapchat's earnings are out today, | :25:48. | :25:52. | |
and in terms of your views on Facebook, Matt says, I'm worried it | :25:53. | :25:56. | |
will be the perfect forum for fake news and alternative facts. Alex | :25:57. | :26:00. | |
says, not at all, I want to sit on my sofa, not watch it on a tiny | :26:01. | :26:02. | |
screen. Bye-bye. I am pleased to say that this | :26:03. | :26:16. | |
morning is a much sunnier start than yesterday, some really quite heavy | :26:17. | :26:19. | |
rain in the south-east yesterday, rainfall totals | :26:20. | :26:21. |