Big Tech's Reaction Towards Russian Invasion

Plus Apple stopping all products sales in Russia, saying the company stands with all of the people who are suffering as a result of the violence. And Airbnb says it will help shelter one thousand Ukrainian refugees who fled their country as Russian forces continue their assault. My converse station with AIRBNBC O Brian Chesky. Later this hour, Twitter announcing that it's now labeling tweets affiliated with Russian state media, and effort the company says to quote significantly reduced the

circulation of content pushed by the Russian government. Twitter also saying it will put labels on other state affiliated media outlets in coming weeks. My next guest says this is an important step as we examine the role of disinformation on social media. Joining me now Renee Arresta. She is a research manager at the Stanford Internet Observatory. She spent

years studying disinformation and even testified before Congress on these issues. Rene, great to have you back with us, so talk to us about the significance of labeling state affiliated media and is labeling enough or should it be blocked entirely to stop the spread of disinformation? These are really hard questions, Emily,

thanks for having me on UM. First of all, the labeling state media initiatives actually begin at an early when we started to see accounts out of China, Chinese state media using Facebook, using Facebook ads in particular to push false and misleading claims about COVID to audiences worldwide. That was one of the initial events that kind of precipitated the idea that people who are receiving information should know what the source is, particularly if the source is from

an account link to a foreign government. A lot of the conversation about disinformation on social media focuses on the bots and the trolls and the kind of covert chatter that comes and goes. You know, we see waves of accounts come and then get taken down, and those accounts are interesting. Those accounts can potentially shape a conversation, maybe participate in making something trend. But ultimately, state media accounts have standing audiences in the tens to hundreds of millions

of followers. And these are the mouthpieces, the very overt attributable broadcast mouthpieces that governments have built up over time to put their view of events out to the world. Uh in a conflict, Sorry, go ahead, what do you let's let's talk about that in the current conflict. What are you seeing from Russian state run media that is particularly alarming? And how widespread is it on bague social platforms?

So what we're seeing is is states using their media outlets to target different types of messages to different people depending on where they are. So Russia has not really done a whole lot targeting Western audiences in this particular conflict. We are not the the keep the audiences that they

consider most relevant. They're really focusing their communication domestically on their own citizens, trying to create support for a conflict, and then they're focusing near to the conflict itself, trying to mislead the people of Ukraine, trying to make them think that their government is leaving, that their fighters are giving up, that that you know, that that the that the resistance is collapsing to demoralize the public there, and that is where, and particularly in a situation like this,

some of the false and misleading information, including that put out by state media, can have a significant degree of harm in the conflict area itself. So Western audiences or

non regional audiences are a wholly separate issue. They may be trying to shape public perception, but ultimately the thing that is the real concern that platforms are trying to be aware of is information from Russia targeting people in Ukraine or targeting people in the immediate region, because they're trying to use the information more to bolster the shooting war. And to your understanding, what has the impact of that been.

I mean, you know, we've heard reports from folks in Russia, folks who have family in Russia that they don't many of them don't have any idea the extent of what's really going on. We've seen the same the same commentary from people from even captured soldiers who say we were told that they would welcome us, we were not told that this is that this is what we were going to be going there for us. There's a whole lot to kind of unpack and and and try to understand

in that dynamic. But one thing that's been really remarkable about this is the Ukrainian government, Ukrainian ministers constantly on Twitter, constantly on social platforms, on Telegram and other places, telling the world what is actually happening, actively pre bunking. You have President of Atlanski uh regularly streaming himself, you know,

reinforcing the fact we are here, we are fighting. And so in that, in that action, in that that quite visible use of social media from the Ukrainian government, from the people of Ukraine, you are seeing a pretty remarkable pushback against against Russia's efforts here. And this is where this question of what should be blocked, what should be allowed, um, you know, the people are spending a lot of time actually kind of flooding the pages of Russian state media,

leaving pro Ukraine comments at this point. So I think the decision to to respond to governments in Europe and others who want to see content either made inaccessible or um or or temporarily blocked in certain regions makes sense in a particular part of the world that maybe is more directly impacted by certain to misinformation versus what we're seeing in the West, where you know, American audiences can

still go and see this content if they're so inclined. Absolutely, the way that presidents has been communicating with his people and with people around the world have been incredibly powerful. What do you think the platform should be doing? I mean, Meta announced it stopped recommending Russian state media to Facebook and Instagram users. Is that enough enough to do it now? Should it be you know, you know, last beyond uh, you know, when this war, hopefully this war is over.

That's a really challenging question. For a long time, We've had this idea, you know, in America, UM that under something like the Foreign Agent Registration Act, we should know what foreign governments are saying, we should be able to receive that information, that communication. But in a time of crisis such as this, in a time in which life and death decisions can come about as a result of

people seeing incorrect information. Uh, there are rules that are being put into play in the short term that need to be more carefully considered as we evaluate where to go in the long term. Now you talked about how difficult it is to discern misinformation on TikTok in particular. Is there something different about TikTok that makes it more of a minefield when it comes to misinformation and why? Look is you know, most people consume TikTok in their

app it's um. You know, I opened up my TikTok the other night and my the very first video that began to play was a video game and it had a nameless account. It was a shooting video game, first person shooter, UM. And they were claiming that this was

a scene of the conflict between Russia and Ukraine. And you know Twitter has been pretty good about either labeling or throttling these you know Facebook as well, But on on TikTok, there it is with you know, kind of a million likes, and it's right there that the first thing that that place and so the other thing that TikTok does not have is actually that that very basic state media labeling. UM. So when there is content that

is produced by propagandists, the audience doesn't know. So this combination of content being repurposed, UM, content being put out by a you know, by an unverified or actively um, you know, incentivized to harm kind of sourced. UH. The the people who are receiving the content on the platform can't tell that. It takes them a lot of extra time to go and try to reverse image search a clip from a video, which is not something that is native or easy to do on a mobile phone when

the information is being pushed to you. So I think that TikTok really lads it's partners in the social media of the big social media players in not having these policies in place. And more importantly, we're seeing Meta and we're seeing Twitter reacting very quickly to UH to either take down networks that they've found or to come up with these new labeling policies that are specifically tailors with the current events on the ground. And we don't really

see TikTok following suit in that regard. Interesting that you see TikTok being behind there. Thank you for helping us navigate some of these really thorny issues. Were NAT arrest or to arrest a researcher at the Stamford Internet Observatory. Good to have you with us. Coming up is the Zoom Glory over. We're gonna talk with Zoom CFO Kelly Stuckelberg after the company's projected sales this quarter fell short of Wall Street estimates. How it can earn back investor confidence?

That's next? This is Bloomberg. While as more employees returned to work in their offices, questions loom about whether Zooms appealed during the pandemic era will fade. Zoom shares have declined by more than from their October high. How will the company sustain growth beyond the pandemic boom? CFO Kelly Stuckelberg with a spell for more. Kelly, I have to ask you, given the geopolitical situation, your reaction to what

we're seeing in Ukraine. Obviously there's a humanitarian concern, but how are you viewing the impact on the economy and to potentially Zoom's business. So, first of all, of course, our how our hearts go out to everyone impacted by this unfortunate situation. We feel feel lucky as an organization in a company that we don't have any employees that

are directly impacted me the region. We do have some of their family members that are there, so we're doing everything that we can to help, and we have very minimal exposure from a revenue perspective in either of the two regions. So in terms of the impact that we're we expect directly on our business, it's really dimonimous. So let's talk about Zoom. You know, as I said, there are questions about whether the glory days are over, and

I'm sure that you will disagree. You're planning to stop reporting the number of customers with overten employees, pivot to reporting just the number of enterprise customers. Can you explain that change and what it means for this bigger picture? Sure?

So first of all, I just want to high that we were very pleased with our results for f y twenty two that we reported yesterday, growing year over year over four point one billion dollars, and as you highlighted, we really have seen tremendous growth into parts of our business, which is the enterprise, which is that that it's touched by our direct our channel and our I S D partners, and then our online business, which is now protect prigical

cent of our business. So we are shifting metrics as you mentioned, to focus on the enterprise, which is this is really where we see the long term sustainable growth of our business, and we saw strong performance here with you know, customers with more than um hundred thousand dollars of tradeling Twelveland revenue accelerating. We saw strength with Zoom Phone that had a record quarterer with over five fifty seats added, and so we're really excited about the future.

We also last week announced Zoom Contact Center, which is our cloud contact centered solution, which is fully integrated into the Zoom platform. So this is really a big year of transition for Zoom, as we're moving from being a killer meing app to a platform for communications and collaborations. Right now, I'm curious if you can clarify zoom stance

on Ukraine. I noticed that some parts of the country, the separatist Aias, Crimea, etcetera, and not serviced by Zoom, but Russia is not on the list of banned countries. Can you explain that? So we do have some business in in the region of Russia that is mostly through resellers, and we will continue, of course to comply with all the US laws and sanctions and we're very closely monitoring those.

Is there any consideration of self sanctioning. Obviously, we saw Apple take a dramatic move today forward as well, We certainly internally keep discussing all the options in how do we best support everyone that's in you know, ukn Ukraine region, and how do we do what's appropriate and what should we do as a good corporate citizens. So as this is a you know, very quickly evolving um situation, as you well know, we keep discussing it and monitoring it

and trying to make decision in real time basis. And you know, to this big ut question you mentioned zoom phone earlier, talk to us about how well these ancillary ancillary businesses are doing and whether you see that sort of padding, you know, any lack of growth you might see in the core part of the business over the

longer term. You know. So our strategy has been from the beginning to start resoom meetings and then continue to expand our share of wallet from our customers by selling them additional services, and zoom phone is a perfect example of that. We also see zo zoom rooms as organizations are thinking about welcoming their employees back to the office.

The conference room strategy is really key to make sure that as they have employees working remotely, that it's inclusive and that they're bringing them together in a way that works for everybody, those are inside the room and those that are without. Also, just as we expect if you work to be hybrid, we also expect events to be hybrid as well. And our new product, Zoom Events when g a last year and that's really as we look forward to these large events and people want to come together,

but they also want to have that virtual complince. Okay, sooom CFL Kelly Steckleberg. Always great to have you here. Thank you Kelly for taking the time to join us. Airbnb is offering free shelter for up to one hundred thousand Ukrainian refugees fleeing the Russian invasion of their country. CEO Brian Chesky telling me he plans to work with neighboring European states to provide long term stays as well. Take a listen to my conversation with him earlier today.

We announced yesterday that Airbnb and partnership with airb dot org and our host community have a goal to house up to a hundred thousand refugees fleeing Ukraine. Now, since we made that announcement, we've had over thirty thousand people visit the page to learn about how to be a host or to donate, and we're just trying to get more word out because basically the name of the game is the more houses we have, the more refugees we

can house. What's the feedback are getting from governments from border crossings about the situation that these refugees find themselves

in and the crosshairs of a war. Yeah, I mean we've reached out to fourteen different governments in Central Eastern Europe, governments like Poland and Hungary and Romania and Germany, and what they're telling us is mostly thank you, because there are last reports I heard over six hundred thousand refugees that have been fleeing Ukraine, and so these governments need to find a way to house them, and we can

provide as an infrastructure. You know, we've housed fifty four thousand refugees for free since we started air VnB, and we've housed over a hundred thousand people in need for all different events for free. So I think we can be We're being viewed, I hope, as a solution to a problem that they have. We can be a great partner, and I think they're appreciative of the support and the help. What's been the response from in these countries. Has there

been an outpouring of support. Yeah, I mean it's just starting obviously in the last point for hours, but we have we have had a large response so far. And just to give you a point of reference, two years ago, when the pandemic initially of course broke out, um, we were we worked with the French government for example, to provide housing for workers in the front line. Tens of thousands of hosts stepped up. We had thousands of tens of thousands of hosts step up provide housing for Afghan refugees,

and we're expecting a pretty big response. Again. The main thing we need to do is just make sure that in the kind of flood of all the noise going on, that people who have homes that have availability in these countries know that they can take in refugees. Now, I know AIRB, B and D has a significant number of listings in Ukraine given the number of short term rentals I see in Kiev and livid in Odessa. Do you have employees in Ukraine and what is the status of

your operations and hosts there? Yeah, we we we we don't have employees. We don't. We don't have a meaningful number of employees in Central Eastern Europe, were primarily in certain hubs. Um Now, as you imagine, we have thousands of listings and countries in all over Central and Eastern Europe, and so our our big focus right now. Right now, we're focused on two big priorities. Number One, we were trying to make sure that our hosts and our community

is stage. So we're doing a lot of outreach to our hosting guests in countries all over central Eastern Europe. The second focus we have is trying to house as many refugees as probably as possible. And this entire refugee effort Emily really started three days ago. You know, it was Thursday Friday, it became apparent that there were going to be hundreds of thousands of people fleeing Ukraine, and so we've worked all weekend through yesterday to be able

to mobilize this effort. Now, several companies have been self sanctioning, pulling back their business operations in Russia. We just saw Apple pause all products sales in Russia. I know Airbnb also has a number of listings in Russia. You consider halting business there what kind of conversations are you having. Yeah, I mean, as you can imagine, we have a handful right now because we made this huge commitment to house up to a hundred thousand refugees. That being said, I'll

say two things. Number One, um, you know we are so we are going to cooperate with the US government. We're in constant contact with them and support of whatever sanctions that they intend to impose. Number Two, as a practical matter, a lot of the sanctions have imposed on the Russian banks in Russia have limited our ability to do business, the ability of people in Russia to receive money and the ability of people in Russia to pay.

So as a practical matter, a lot of our business is probably going to be un paused just from the inability to be able to pay. But we are looking at other steps. As you can imagine, we're just triaging right now. So on that note, how are you expecting the war to impact travel overall across Europe? I mean,

what are you bracing for here? Hard to know. I don't really know what is going to unfold over the coming weeks and months, But what I will say is that whatever happens in Europe, our business is incredibly resilient. I mean, we have nearly every type of home and nearly every type of community at nearly every price point. And I think with the last two years have shown is however the world changes, our business can adapt. And so you know, we're continue to ask ourselves how can

we help in this time and need. The most important way we can help right now is housing people that need a place to stay. But you know, I'm sure this is going to have a disruption on European travel, but we'll be able to adapt to whatever that disruption is. Airbnb CEO Brian Chesky. There you can catch more of my interview with Chesskey at Bloomberg dot Com. Time now for our crypto report. I want to bring in our crypto Contributortionale Bostick. As we see bitcoin surging for a

second day. We've seen bitcoin decoupling from traditional markets here, beginning to trade on its own. And is this being influenced by what's happening and yeah, the there's a few really interesting things happening in the market here, Emily. Have bitcoin prices themselves getting closer now to forty four thousand

dollars really getting lift here. The last couple of days, and if you'll take a look at the prices here, you take a look at a bitcoin price that's risen over the last two or three days, really much higher than four days ago, while stocks in that period over the last two days have dropped. Where there's a correlation just about a week or so ago that looks like

it's starting to break off. I also want to take a look here at etherorium prices, because you have a theorium here now reaching about three thousand dollars uh, and it also has had a significant lift last couple of days. Now, when you take a look at volumes, you see that ethereum also closely tied to a lot of stable coins. A lot of discussion around stable coins and the value of them in this new era where there's a lot

of uncertainty. Besides ethereum, you're seeing a lift in stable coins like financial US dollar and tether, and so let's see when volumes are really very high in those assets, how much of this consistent in the next couple of days. All right, Shanali, stick with us. I want to continue this conversation about crypto and the role in the Ukrainian war.

Now with our next guest Lee Droken from star Killer Capital. Lee, You've been tweeting furiously about some of these issues, and I'm curious what you read into the rise in crypto is a surely to do with what's happening in Russia and Ukraine? Is it because they're simply more demand there? There's definitely a spot that that's independent of other risk assets, and you know, as you just pointed out, the correlations

have definitely broken off. Specifically, you know, we still have a vix equity VIX above thirty, which historically has led to incredibly high correlations between crypto and equities. We've also seen, you know, on chain analytics as well as spot flow coming from different exchanges that basically says there's there's something between three and four times the amount of volume in ruble to BTC or these pairs on these centralizing exchanges, and that's that's a one way trade obviously right now.

So there's definitely a bit coming out of that area of the world for obvious reasons. People are trying to get the hell out of rubles. How long that last is definitely a question, because the Russians are cutting off, you know, all that X flows out of the country, and at some point you're just not going to be able to use a card or a bank account to put any more money into these exchanges. So look, certainly we're seeing crypto we used to support the Ukrainian resistance

effort in incredibly powerful ways. There's also this major concern that the Russians could use cryptocurrency to circumvent sanctions. Do you see that as a real risk? I don't think it's a reasonable scenario today. Come back in three or four years from now, maybe sooner, and may be the market is liquid and large enough to the point where it could support that kind of evasion, but today it

just it wouldn't be possible. Basically, one, they have capital controls on everything at this point, so you've got to try and get it out of a bank account and onto a centralizing exchange. That's hard enough, and in that part of the world, there really aren't that many DEFY direct on ramps either, and so getting into defy isn't really that easy. But even if you were able to

get it into a ci FI exchange. So you're gonna do this in bitcoin, which really is a great medium of transfer given its volatility, and there really aren't enough defy stable coin pairs between the rouble and USD or eu R to make this a viable solution for getting around these types of things. And so it's really up to the CEI FI exchanges to make sure that they are complying, you know, with all of the sanctions and regulatory issues, and it seems like they have been so far.

It's hard to believe that somebody could get enough money into defy at this point to really evade what they're what they're attempting to. And I'm really curious here you make this point on capital controls and Russia's ability to really clamp down on people who are the ordinary citizens who are trying to move their money into crypto, and I'm wondering what that says more broadly about a government's ability to stop people from transacting and cryptocurrencies when they

need to. Yeah. Well, look, there's a very good reason why people like me deeply believe in what's going on and defy, uh. And it's not for some crazy libertarian reason.

It's it's because of things like this. You know, the United States is only one country on this earth, and there are a lot of other places where you don't want to be holding your entire net worth in some you know, kangaroo currency, and the ruble has been terrible for a decade now, so um, I think it's a very important, you know, concept that this ecosystem ends up flourishing. What you're also seeing right now is this battle between

centralized stable coins and decentralized algorithmic stable coins. Tera. Luna is going crazy right now because there's a massive inflow of capital into that protocol. Because it's a decentralized stable coin, there is no fiat bank account that a government can regulate and clamp down on and and take your you know, stable coin, whereas USDC or some of these other centralized stable coins, they can absolutely do that. There's literal dollars sitting in a vault somewhere. So I think there's a

very interesting difference between you know, those two frameworks. Yeah, it's interesting. Luna is definitely worth discussing at some point against soon. But I do want to also get your thoughts here, Lee on this idea of what you called the cryptoization of four acts, and this idea that there really are only a couple of currencies here that convert easily to what extent do we see what's going on in the world today accelerating that move from traditional foreign

exchange as we know it to crypto. Yeah, this is absolutely inevitable. And there are a lot of things in crypto that I don't think are completely inevitable. This is one of them. Trading with a bank where they're taking this huge spread for you to move dollars into euro or yen or whatever is absolutely going to go away, no matter how big that is. There's gonna be a curve pool for every one of these pairs, and firms like ours are going to provide liquidity to those pairs

and and be the capital um. It's inevitable. The spreads will be smaller, the fees will be smaller, You'll be able to do it instantaneously. All of the framework for this at scale is in place today. It's literally just a matter of liquidity in the system at this point, Lee, you have been tweeting furiously about what's been going on

in Russia. You said earlier that you were speaking with your family there, that your family had no clue what's going on, zero idea what's about to happen to the economy. All they get is government propaganda. It's scary and the worst or wellying way. What do you think about big text responsibility? Here? We're seeing Apple pull products from the country forward as well. We assume there will be more. Um, but you know, how how else can businesses step up? Yeah?

It's said my my wife's parents are sixty odd sixty, They've lived in Russia their entire lives. They're not digital natives, right, Um, And so they're very much dependent on the specific flow of information as is much too that country. The concept that everybody has access to a VPN and uh, you know good sources of information is completely false obviously. Uh. And to expect everybody to do that would be would

be false as well. Do big tech companies have an obligation No, Look, their companies, they don't have an obligation to do anything but make money. That's just the reality of it. Do they have a moral obligation at some point? Um? I would say that you know, each of these individual CEOs, it would behoove them too at this point attempt to do the right thing. Apple makes how many tens of billions of dollars in profit a quarter? I mean, yeah, look, I think at some point they have to put some

values above making. You know, what's the margin that they're gonna lose off of clamping down on certain things to attempt to move this along a little faster. I think that may be smart. All right, Well, thank you for sharing that personal experience in our hearts. Go out to your wife's parents. Thank you for joining us as well. Lea drog in star Killer Capital along with Bloomberg, Shinali Bassk appreciate it well. He made headlines and caused a

few headaches by tracking Elon Musk's jet. Now, nineteen year old Jack Sweeney is at it again, but this time he's tracking jets owned by some of Russia's richest oligarchs following the invasion of Ukraine. We don't know for certain if the millionaires and billionaires are the ones on board, but thanks to Sweeney's programming and Twitter bots, we can track the planes movement around the world. Join me now, Jack Squeene, himself founder of Ground Control and tracker of billionaires.

I'm also joined by our at Ludlow. Jack, why did you go from tracking Elon Musk's to Russian oligarks? What are you trying to achieve here? Well, people, asked. They knew I had the tracking ability of all these aircraft, and I found the list of these oligarchs and putment on and all that, so I just started tracking them because people wanted me too. Well, it's a pretty straightforward answered, Jack. Give us a sense of the technology that goes into this.

How do you make this happen? Yeah, so every since every since like nine eleven, there's this new technology called a sp where all these planes, all the planes are required to transmit their location through the transponder. So there's all these websites and companies that received this data, and I get that data and I'm able to analyze it in my program posted to Twitter. Now, we've noticed quite a few of these jets going to interesting places. Are

you seeing any trends? Where? Where are they right now? They're pretty much all over the world, Um, you know, the United States and a few of them, i'll you know, just from Russia to Russia, but no specific trend of leaving Jack, you kind of answered pretty straightforward. You did this because people asked you to do it. Right. We've been following you a little while now in terms of you tracking elon must jet. But what's in it? For you. I mean you're a young guy, respectfully. What's the Russian

oal here? Uh well, I just have a lot of interest in aviation, and now there's some good attention to everything I'm doing, so it's fun to attrack these planes and codes and stuff and create the Twitter accounts. Do you feel like you have some sort of moral obligation here? Does that play into this at all? Uh? Well, people wanted it, so, I mean they can do whatever they

want with it. There's people that seem to think that these people shouldn't be allowed in the United States or other countries, so there's seems to be some interested in it that way that they don't want these type of people. So, Jack, previously you've had some engagement with Elon Musk about your tracking of his jet. Do you mind to give us

an update on where you kind of left that. Um well, he seemed to no longer be interested in anything, and then he ended up blocking me after all the media about the whole account and everything when our public and he got further higher level of blocking. Would seem to give up on that. Now he doesn't really seem to care anymore. So to that point, it sounds like You're going to continue to do this no matter what Ellen has to say about it or not. Yeah, is there

somewhere you want to take this, Jack? I mean, what's next? I'd like to like grow a website rather than just beyond Twitter, so I have more options than just creating Twitter posts. Jack, tell me a little bit about you. What's your background? How did you learn to to program in this way? And and program these Twitter bots too?

Because it's very specific, right. You get a lot of data from the system in terms of where a plane is, its location, but you've set this up in a really specific way basically based on take off, landing and the city of origin for that plane. Walk us through it. Yeah, so there. I had. I had some aviation experience. My dad works in aviation, and I knew a little bit of coding, and I just had interested in all of it.

And during COVID I had a lot of free times, so I just started messing around with it, especially with Ellen. You know, I had an interest in him and I knew he had a private jet. So I just had the idea to create a Twitter brought because there's a lot of different type of bots on Twitter, and I created the plane tracking more, What do your parents think about all this? Since you mentioned your dad, I think it's pretty cool. And all their friends don't know about it,

and they think it's pretty cool too. All right, well, we'll keep watching those trackers. Jack Sweeney, founder of Ground Control UM, and are at ludlow ed. You know, obviously this is a story that you've continued to follow for a while. What do you make of Jack's determination here? Yeah,

there's two sides this. First of all, the reason I love this show, Emily, and I love working with you, is that this is about technology, right, and nineteen year old that told himself these skills, and he's basically giving a lens into the life of billionaires, rich people that you wouldn't otherwise have. And then you have the moral

side of it, right. There's a lot of outrage in Europe about several oligarchs, what they're doing, how they're speaking, where they're conducting business, so it kind of gives you a lens into that as well. Well. And certainly interesting seeing where these planes are. I know you've been looking very closely at the maps. Are there any interesting trends that you've pulled out? Yeah? I think it's interesting that

The debate right now is over no fly zone. Right So we just had news aftermarket on Tuesday that United will stop flying over Russian airspace. That's a commercial carrier, of course, but we're tracking the movements of several oligards billionaires, one being Roman Abramovitch, for example, the owner of CHELSEAFC in UK, because he might be involved in peace talk somewhere along the way. All right, we'll keep watching. Thank you.

That does it for the sedition of Bloomberg Technology. We're gonna be joined tomorrow by Brett Taylor, Salesforce coach EEO off the back of the company's earnings results, and Anthony Nodo, CEO of Sophar. You won't want to miss those conversations. This is Bloomberg