WEBVTT - War for Tech Talent & Information 0:00:03.480 --> 0:00:06.840 From the heart of where innovation, money and power collive 0:00:07.600 --> 0:00:12.119 in Silicon Valley and beyond. This is Bloomberg Technology with 0:00:12.200 --> 0:00:27.840 Emily Jay. I'm Emily Changing in San Francisco, and this 0:00:27.920 --> 0:00:30.640 is Bloomberg Technology. Coming up. In the next hour, President 0:00:30.640 --> 0:00:34.559 Biden calls Russian President Vladimir Putin a war criminal. This 0:00:34.760 --> 0:00:38.479 as the atrocities in Ukraine mount and Ukraine's President Zelinski 0:00:38.880 --> 0:00:42.360 makes a powerful plea to US Congress and Biden himself 0:00:42.680 --> 0:00:44.879 for more help. We're gonna also take you to the 0:00:44.880 --> 0:00:48.120 front lines of the other war. Russia is waging a 0:00:48.200 --> 0:00:53.000 war on information. Plus, I will speak exclusively with Aaron Levy, 0:00:53.080 --> 0:00:56.120 CEO of Box after the company's investor Day, his thoughts 0:00:56.160 --> 0:00:58.520 on another kind of war happening here on the home front, 0:00:58.560 --> 0:01:00.880 and that is the war for talent. In a rapidly 0:01:00.960 --> 0:01:03.520 evolving work world, the idea of work, of course, has 0:01:03.600 --> 0:01:06.520 changed a lot in the last two years. We're gonna 0:01:06.520 --> 0:01:08.640 break down a top work shifting survey and show you 0:01:08.680 --> 0:01:12.600 how there's no going back to how it used to be. Tuesday, 0:01:12.640 --> 0:01:16.000 an employee of Russia's state Channel one television interrupted the 0:01:16.040 --> 0:01:20.880 main broadcast with a protest against putent invasion of Ukraine saying, 0:01:21.240 --> 0:01:25.280 don't believe the propaganda they're lying to you. This protester 0:01:25.680 --> 0:01:29.600 was later taken into custody find but released and is 0:01:29.640 --> 0:01:33.040 now awaiting an additional penalty. I want to talk more 0:01:33.040 --> 0:01:35.600 about all of this with Joan Donovan, the research director 0:01:35.640 --> 0:01:38.560 at the Harvard Kennis Kennedy School shorn Stein Center on Media, 0:01:38.560 --> 0:01:42.800 Politics and Public Policy, and that woman Joan was able 0:01:42.920 --> 0:01:46.559 to release a video of of some more context why 0:01:46.640 --> 0:01:50.840 she was speaking out before she ultimately made that appearance 0:01:51.040 --> 0:01:53.440 on that main news program. But what she did is 0:01:53.560 --> 0:01:57.800 absolutely incredible and and certainly a major risk. She's been 0:01:57.840 --> 0:02:01.120 released from custody in Russia. Why do you think Putin 0:02:01.160 --> 0:02:04.920 would do that? Well, it's the first major test of 0:02:04.960 --> 0:02:09.120 this new law that was put into practice UM a 0:02:09.160 --> 0:02:14.280 few days ago, essentially saying that reporting about this quote 0:02:14.360 --> 0:02:19.280 unquote special military operation had to use certain words, could 0:02:19.360 --> 0:02:23.040 not use the word war. And so this UM editor 0:02:23.160 --> 0:02:26.280 jumping out on screen she worked at the at the 0:02:26.320 --> 0:02:29.840 TV station. UH is a is a huge deal, and 0:02:29.880 --> 0:02:33.480 the fact that she's been let out is it's strange. 0:02:33.520 --> 0:02:37.840 It's actually propelling a lot of conspiracy theories online where uh, 0:02:37.880 --> 0:02:41.119 you know, people are saying this has managed dissent. As 0:02:41.160 --> 0:02:43.960 long as people feel like there's a voice out there 0:02:44.000 --> 0:02:47.560 advocating against the war, then there's not much that they're 0:02:47.560 --> 0:02:50.440 going to do about it. Um. But I happen to 0:02:50.480 --> 0:02:54.399 think that this was an authentic and real UH cry 0:02:54.480 --> 0:02:57.000 from the media itself that they didn't want to be 0:02:57.160 --> 0:03:03.359 part of this UH war. This information blackout, the digitalizing 0:03:03.480 --> 0:03:08.320 curtain coming down in Russia, the blocking of Facebook and Twitter. 0:03:08.639 --> 0:03:11.360 What does this actually mean for everyday Russian citizens? What 0:03:11.560 --> 0:03:14.920 kind of information are they actually receiving? How many of 0:03:14.919 --> 0:03:19.280 them can actually get around the firewalls and access information 0:03:19.280 --> 0:03:24.160 that is available outside the country. Yeah, it's it's it's burdensome, 0:03:24.240 --> 0:03:28.600 but it's not Uh. They can deal with it. Um. 0:03:28.680 --> 0:03:32.960 What's what's happening is essentially that they still have access 0:03:33.000 --> 0:03:37.000 to UH television and radio, and so there's a large 0:03:37.040 --> 0:03:40.760 amount of state media still on the rails. But with 0:03:40.840 --> 0:03:45.440 the Internet it's different because the media from outside of 0:03:45.520 --> 0:03:50.360 Russia has a difficult time penetrating audiences and getting in 0:03:50.480 --> 0:03:54.640 and so Russians have been um. According to some recent 0:03:54.680 --> 0:03:58.480 reporting and Time magazine, for instance, Russians have been creating 0:03:58.560 --> 0:04:01.800 VPN parties where people get together and learn how to 0:04:02.600 --> 0:04:07.280 circumvent the band so that they can access outside content 0:04:07.440 --> 0:04:11.480 that has been banned by the Russian government. Um. What's 0:04:11.520 --> 0:04:15.240 even more difficult, though, is because of the way that 0:04:15.560 --> 0:04:19.520 platform companies have been acting very unevenly, it's hard to 0:04:19.560 --> 0:04:23.960 tell exactly what kind of content people are seeking out 0:04:24.520 --> 0:04:29.000 and if they are essentially trying to seek out um 0:04:29.360 --> 0:04:32.719 more Russian state media because maybe YouTube was the place 0:04:32.760 --> 0:04:36.520 that they originally were or watching it, or if they're 0:04:36.560 --> 0:04:40.119 reaching out and finding more independent news and are able 0:04:40.160 --> 0:04:44.159 to access uh information about the war that may sway 0:04:44.200 --> 0:04:48.320 their opinion. So to that extent, we've obviously seen video 0:04:48.360 --> 0:04:50.880 of Russians protesting in the streets. What do we know 0:04:50.960 --> 0:04:53.920 about how the vast majority of Russian citizens feel about 0:04:54.040 --> 0:04:58.599 the war? Do they support it or are they against it? Well, 0:04:58.839 --> 0:05:02.080 this is another thing. It's complicated by, uh, you know, 0:05:02.200 --> 0:05:06.040 the the the iron curtain, the digital iron curtain, if 0:05:06.040 --> 0:05:10.680 you will. Uh. Lots of independent media, particularly even the 0:05:10.720 --> 0:05:14.760 New York Times have removed their reporters, and so getting 0:05:14.880 --> 0:05:18.400 a sense of what's happening in the streets is difficult 0:05:19.240 --> 0:05:23.840 absent really deeply searching on social media to find TikTok 0:05:24.000 --> 0:05:27.040 videos um. And you know, you're showing footage of people 0:05:27.080 --> 0:05:30.160 burning their Russian passports that they don't want to be 0:05:30.440 --> 0:05:35.479 citizens uh of Russia, knowing what Russia is doing to Ukraine. 0:05:35.520 --> 0:05:40.240 And so as long as those videos and those the 0:05:40.279 --> 0:05:45.080 content about the protests is circulating, we can imagine the 0:05:45.120 --> 0:05:48.160 momentum is going to grow more and more towards this 0:05:48.240 --> 0:05:53.440 anti war sentiment as unfortunately the death toll rises and 0:05:53.480 --> 0:05:56.520 the damage that's being done to the to the Russian 0:05:56.560 --> 0:06:00.040 economy increases. And so that's how I gauge as a 0:06:00.160 --> 0:06:03.280 sociologist what the temperament of the people are is how 0:06:03.279 --> 0:06:05.800 many people are going out in the streets, how many 0:06:05.800 --> 0:06:10.599 people are getting arrested and uh, with every twist and 0:06:10.720 --> 0:06:14.840 turn of the sanctions, how many more people are willing 0:06:14.920 --> 0:06:18.880 to stand up uh for their own freedoms as well 0:06:18.920 --> 0:06:23.120 as to express this anti war sentiment. How are organizations 0:06:23.160 --> 0:06:28.440 like yours finding and debunking disinformation about the war on Ukraine? 0:06:28.720 --> 0:06:30.599 And I'd like to take it one step further, which 0:06:30.640 --> 0:06:35.000 is why does Russia's disinformation campaign matter to a global citizen? 0:06:35.400 --> 0:06:37.800 Why does it matter to someone who isn't in the 0:06:37.920 --> 0:06:41.680 country and not necessarily on their direct receiving end of that. Well, 0:06:41.720 --> 0:06:44.120 the the y is a big deal for us, which 0:06:44.160 --> 0:06:47.480 is why we do this work, which is essentially, UH 0:06:48.040 --> 0:06:51.080 we believe on our team and UM, I think being 0:06:51.120 --> 0:06:54.359 an academic, I believe that humans have a right to 0:06:54.400 --> 0:06:56.640 access the truth. And I believe that if you were 0:06:56.680 --> 0:06:59.680 to search on a platform for you know, did the 0:06:59.680 --> 0:07:02.680 hall cost happen, you shouldn't get a bunch of anti 0:07:02.720 --> 0:07:07.080 Semitic websites and posts. You should actually get content that 0:07:07.240 --> 0:07:12.600 is going to UH satiate that need for information. And 0:07:12.640 --> 0:07:16.480 so when we go out and look for UH disinformation, 0:07:17.240 --> 0:07:19.600 one of the things that we look for is essentially 0:07:19.640 --> 0:07:23.120 what is a hot button issue that has the potential 0:07:23.200 --> 0:07:26.760 to be polarized, and then we look on either side 0:07:26.760 --> 0:07:30.480 of the issue and try to assess First and foremost, 0:07:30.520 --> 0:07:32.880 we look for is there any what we would call 0:07:32.920 --> 0:07:38.320 digital shenanigans going on and their bought networks, questionable engagements, 0:07:38.640 --> 0:07:43.880 UH lots of seemingly to be is spanning accounts participating. 0:07:44.000 --> 0:07:48.000 So that's like the low level easy stuff to spot. 0:07:48.480 --> 0:07:51.360 And then as we start to look at very well 0:07:51.440 --> 0:07:55.280 crafted propaganda campaigns, especially the ones that come out of Russia, 0:07:56.040 --> 0:08:00.400 we see them across every platform. They're not on a 0:08:00.480 --> 0:08:04.360 single platform. They're very well spread out, but they tend 0:08:04.440 --> 0:08:08.080 to have a kernel of the same messaging and they 0:08:08.240 --> 0:08:11.520 sometimes will use a very particular word that it kind 0:08:11.520 --> 0:08:14.080 of comes out of nowhere. Like for instance, at the 0:08:14.120 --> 0:08:17.080 beginning of the war, people had heard the term denazification, 0:08:17.520 --> 0:08:21.560 and that was a very strange word, and so UM 0:08:21.880 --> 0:08:24.000 we looked into that and saw that there were different 0:08:24.000 --> 0:08:28.680 propaganda networks trying to make that uh, that idea that 0:08:28.720 --> 0:08:33.640 putin was going into Ukraine to denazify Ukraine. UM. You know, 0:08:33.720 --> 0:08:35.560 the different networks that you were trying to make that 0:08:35.640 --> 0:08:38.319 happen and why it was not a very successful one. 0:08:38.720 --> 0:08:41.760 Another one that we would look at in particular is 0:08:41.880 --> 0:08:44.600 we're always keeping an eye on things like bio labs 0:08:44.720 --> 0:08:48.200 or bioweapons because of the way in which those words 0:08:48.240 --> 0:08:53.360 were contorted during UM the pandemic, and of course we're 0:08:53.360 --> 0:08:57.240 still in it. But sometimes if you pay attention to 0:08:57.320 --> 0:09:01.040 disinformation long enough, it's in a path earn and so 0:09:01.160 --> 0:09:03.880 we often see the same tropes come back again and 0:09:03.920 --> 0:09:07.560 the same actors come back, and so with the bio 0:09:07.640 --> 0:09:11.440 lab one. Over the past few days, we've been hearing 0:09:11.440 --> 0:09:14.880 that the US and Ukraine have been colluding to build 0:09:15.240 --> 0:09:19.960 biological weapons together. Of course that's UH something that you know, 0:09:20.679 --> 0:09:24.800 people of roundly UH debunked. But at the same time 0:09:25.360 --> 0:09:30.840 it becomes a really important source of UH animosity and confusion, 0:09:31.080 --> 0:09:35.440 and and it can lead to demoralization. UH. You know 0:09:35.559 --> 0:09:37.800 of people that would be in support of ending the 0:09:37.840 --> 0:09:41.680 war feeling as if maybe there's there's something worth um, 0:09:41.920 --> 0:09:44.520 you know, there's something that Russia might be onto here. 0:09:45.120 --> 0:09:49.000 And so I think the last thing I'll say on 0:09:49.080 --> 0:09:52.240 this is that, you know, truth needs an advocate, and 0:09:52.320 --> 0:09:58.240 so our work is that that work. Joan. We're grateful 0:09:58.320 --> 0:10:01.560 for your work to get us to the truth. Thank 0:10:01.600 --> 0:10:03.800 you for breaking down some of these really complex issues, 0:10:03.880 --> 0:10:07.800 Joan Donovan, research director at the Harvard Kennedy School Shorenstein Center. 0:10:08.040 --> 0:10:19.680 Appreciate your time helping students achieve their dreams. That's the 0:10:19.760 --> 0:10:22.600 ultimate goal of the new fintech company Moss by re 0:10:22.760 --> 0:10:26.720 event imagining banking for gen Z and helping students overcome 0:10:26.720 --> 0:10:29.560 financial barriers to pursue higher education. This as we come 0:10:29.600 --> 0:10:33.160 out hopefully of a two year pandemic that has greatly 0:10:33.240 --> 0:10:37.360 impacted young people's schooling and their mental health. I want 0:10:37.360 --> 0:10:39.120 to talk about all of this and more with founder 0:10:39.160 --> 0:10:42.880 and CEO Amira ya Yowe. Amira, thank you so much 0:10:43.520 --> 0:10:46.120 for joining us. You're such a fascinating personal story, and 0:10:46.160 --> 0:10:48.400 I want to start there with what drove you to 0:10:48.440 --> 0:10:51.199 found your company. You were a leader of the Arab 0:10:51.320 --> 0:10:55.200 Spring in Tunisia. You fled to Paris, you couldn't get 0:10:55.200 --> 0:10:59.320 a college degree yourself, and that's what led you to 0:10:59.760 --> 0:11:02.320 the Can you talk a little bit about your background 0:11:02.720 --> 0:11:08.240 and your own experience with social movements? Yeah? Absolutely, Emily, 0:11:08.280 --> 0:11:12.079 thank you for having me. You know, unfortunately a year 0:11:12.120 --> 0:11:14.920 ago my story was not that common. It's becoming very 0:11:15.000 --> 0:11:19.400 common now. It was happening in Ukraine. UM, every every 0:11:19.400 --> 0:11:22.760 global crisis ends up with young people losing their chance 0:11:22.840 --> 0:11:26.160 to a normal life, and that is also higher education. 0:11:26.840 --> 0:11:30.800 Millions of people are actually fleeing to Europe. I was 0:11:30.840 --> 0:11:35.280 one of those students ten years ago. UM. The difference 0:11:35.600 --> 0:11:38.800 is in my case there was no UM. I would 0:11:38.800 --> 0:11:43.520 say like popular um, popular interests. What was happening in Tunisia? 0:11:43.960 --> 0:11:46.560 And so I was an illegal immigrant in France. I 0:11:46.600 --> 0:11:49.079 was not allowed to get a higher education. It is 0:11:49.120 --> 0:11:51.880 the case of most European countries. As an illegal immigrants 0:11:51.880 --> 0:11:54.400 are not allowed to education. I hope Ukraine new students 0:11:54.720 --> 0:11:58.920 will have access to it. I UM, that was obviously 0:11:59.040 --> 0:12:02.600 like the trigger of part of Moss. But the big 0:12:02.640 --> 0:12:06.680 trigger from us is to help everyone get access to 0:12:06.760 --> 0:12:10.120 opportunity and to dignity, and that through our app that 0:12:10.200 --> 0:12:14.720 helps students get higher education, get an education, go to 0:12:14.840 --> 0:12:19.080 college with the less loans, we actually help them get 0:12:19.120 --> 0:12:23.240 free money. Right now, you said on Twitter you lost 0:12:23.280 --> 0:12:26.720 a friend in the war on Ukraine, and you also 0:12:26.800 --> 0:12:29.280 say this isn't the first time you've lost a friend 0:12:29.400 --> 0:12:32.439 to war, but at this time it feels different. Can 0:12:32.480 --> 0:12:38.160 you explain why. Yes, it feels different because it feels 0:12:38.200 --> 0:12:42.439 like it could have been avoided. UM. It is um, 0:12:42.600 --> 0:12:46.720 we know how horrible is put in. UM. I am 0:12:46.760 --> 0:12:49.400 now worried about friends that I have a Ukraine, but 0:12:49.440 --> 0:12:51.920 I'm also worried about friends that I have in Russia 0:12:51.960 --> 0:12:57.240 will also get crushed by the regime. UM. And the 0:12:57.240 --> 0:13:00.880 thing is that the whole world knew about how horribles 0:13:00.960 --> 0:13:04.200 put in, how far he could go, and we waited, 0:13:04.400 --> 0:13:08.200 We waited way too much. UM. I was listening to 0:13:08.240 --> 0:13:13.160 the Lenski and it feels, it feels, it feels lonely 0:13:13.280 --> 0:13:17.240 to be part of their being crop of Europe, but 0:13:17.400 --> 0:13:21.920 at the same time left alone. Now there are three 0:13:21.960 --> 0:13:25.240 million people who have fled Ukraine, many of them are 0:13:25.360 --> 0:13:28.320 young people. How do you think what you've created with 0:13:28.400 --> 0:13:32.560 Mosque could help some of these? Absolutely, they have to 0:13:32.640 --> 0:13:35.520 start over, They have to start over and pursue their 0:13:35.559 --> 0:13:38.920 dreams elsewhere. They may never get to go home. Absolutely, 0:13:38.960 --> 0:13:43.360 I mean they are. They will be needing a lot 0:13:43.360 --> 0:13:47.200 of support to get an education. Um. We we are 0:13:47.240 --> 0:13:50.840 helping students in the US. I hope the US will 0:13:50.960 --> 0:13:57.880 join the efforts of locating and welcoming refugees from Ukraine 0:13:57.960 --> 0:14:01.400 and all the refugees actually in the world. UM. And 0:14:01.880 --> 0:14:04.160 through that, you know, we do have we do have 0:14:04.200 --> 0:14:06.920 students who don't have access to education in the US 0:14:07.000 --> 0:14:11.559 and be treated as a second category citizens in this country, 0:14:11.640 --> 0:14:16.120 like the Dakas students. We do have a ton of 0:14:16.160 --> 0:14:19.200 students who don't come from maybe a wealthy background. They 0:14:19.280 --> 0:14:22.720 who didn't have access to understanding that education is within 0:14:22.840 --> 0:14:25.880 reach or don't have access to that. So with MOSS, 0:14:25.880 --> 0:14:29.280 our goal is to make the dream of higher education 0:14:29.320 --> 0:14:33.880 accessible to everyone. Uh in the US and hopefully soon outside. 0:14:35.040 --> 0:14:38.160 All right, well, we'll be following your progress Loss founder 0:14:38.200 --> 0:14:40.160 and CEO, I'm your a I owe thank you for 0:14:40.200 --> 0:14:51.680 sharing your story with us. A few other stories were watching. 0:14:51.680 --> 0:14:55.240 Amazon is one unconditional approval from the European Union for 0:14:55.400 --> 0:14:58.600 it's planned by MGM for eight point four or four 0:14:58.720 --> 0:15:01.880 or five billion dollars. That deal coming as Amazon faces 0:15:01.880 --> 0:15:05.840 increasing pressure to acquire more programming in the very competitive 0:15:05.840 --> 0:15:08.680 streaming market, and retail sales growth in the U S 0:15:08.680 --> 0:15:11.600 slowing last month is suggesting that consumers are pulling back 0:15:11.680 --> 0:15:15.040 spending in some categories as inflation cuts into buying power. 0:15:15.560 --> 0:15:18.560 Overall sales rose three tents of a percent, but if 0:15:18.600 --> 0:15:22.800 you factor out gas station sales actually fell two tenths 0:15:23.040 --> 0:15:25.840 of a percent. Coming up, I'll be joined by the 0:15:25.840 --> 0:15:28.560 CEO of Box, Aron Levy, and exclusive interview fresh off 0:15:28.560 --> 0:15:31.720 the company's investor day, how he plans to hope to 0:15:31.800 --> 0:15:34.920 keep beating Wall Street expectations, and his thoughts on the 0:15:34.920 --> 0:15:37.800 future of work and the war for talent that is next. 0:15:37.960 --> 0:16:01.480 This is Bloomberg. Welcome back to Bloomore Technology and lead 0:16:01.520 --> 0:16:04.240 changing in San Francisco. Box What are the leading content 0:16:04.280 --> 0:16:08.120 cloud providers? Just finished its annual analyst day. The company 0:16:08.240 --> 0:16:13.440 estimates double digit revenue growth, which may surprise some investors. 0:16:13.440 --> 0:16:16.440 Other software companies which were growing quickly during the pandemic 0:16:16.440 --> 0:16:19.760 are kind of now struggling to maintain that momentum. Joining 0:16:19.760 --> 0:16:22.320 me now the CEO of Box, Aaron Levy. Aaron, good 0:16:22.320 --> 0:16:24.440 to have you back here on the show. Talk to 0:16:24.520 --> 0:16:27.680 us about your outlook here. You're outperforming the streets expectations 0:16:27.720 --> 0:16:32.840 four quarters in a row. What do you attribute this to? Yeah, 0:16:32.840 --> 0:16:35.600 so thanks Emily for having me. Um. Overall, there's sort 0:16:35.600 --> 0:16:39.080 of three big mega trends that that enterprises are dealing 0:16:39.120 --> 0:16:41.880 with right now. The first is the continued push toward 0:16:42.000 --> 0:16:45.480 hybrid work. The second is everything is going digital first, 0:16:45.840 --> 0:16:47.680 even as we come back into offices and as the 0:16:47.720 --> 0:16:50.000 world starts to open up a bit more. And then finally, 0:16:50.000 --> 0:16:54.120 cybersecurity challenges and compliance risks are at the center of 0:16:54.120 --> 0:16:57.080 what every organization is facing today. So when you think 0:16:57.080 --> 0:16:59.880 about those three big mega trends, um the way that 0:17:00.040 --> 0:17:03.760 companies work with their content, that these are their financial documents, 0:17:03.760 --> 0:17:07.480 their contracts, their marketing assets, their most important and sensitive 0:17:07.520 --> 0:17:10.880 intellectual property, and their enterprise. Um all of the ways 0:17:10.920 --> 0:17:13.840 that companies work with that content needs to be shifted 0:17:13.840 --> 0:17:15.680 and changed to be able to support those three big 0:17:15.720 --> 0:17:18.520 trends of people being able to work and collaborate from anywhere, 0:17:18.680 --> 0:17:21.480 being able to automate workflows around content, be able to 0:17:21.560 --> 0:17:24.400 keep it protected and secure. And so we're fortunate because 0:17:24.440 --> 0:17:27.359 we've been building a platform for now over fifteen years 0:17:27.600 --> 0:17:30.000 to build the leading way that companies can manage and 0:17:30.040 --> 0:17:32.680 secure and govern their most sensitive and important data in 0:17:32.680 --> 0:17:35.760 the enterprise UM and UH. And that's what has both 0:17:35.880 --> 0:17:38.639 you know, allowed us to deliver four quarters of accelerating 0:17:38.680 --> 0:17:41.560 revenue growth last year. UH and we believe you know, 0:17:41.600 --> 0:17:44.080 many many years to come as as we put our 0:17:44.119 --> 0:17:47.960 new three year guidance or target model. Just this afternoon. 0:17:48.640 --> 0:17:51.800 You fought off a pretty bitter proxy battle at the 0:17:51.800 --> 0:17:54.320 height of the pandemic, and I'm curious what impact that's 0:17:54.760 --> 0:17:59.840 had on you. Has it influenced strategy and how you 0:18:00.040 --> 0:18:03.879 map out and predict future growth? Yeah? So, UH, you know, 0:18:03.920 --> 0:18:07.520 at the start of our our kind of activist journey, UM, 0:18:07.600 --> 0:18:11.439 we UH you know, partnered with UH with with UH 0:18:11.560 --> 0:18:14.760 you know our investors UH generally and UH and laid 0:18:14.760 --> 0:18:18.440 out more UM aggressive both top line and bottom line 0:18:18.440 --> 0:18:22.239 targets UH to UH to really drive the future of 0:18:22.240 --> 0:18:24.600 the company, and I'm really proud of how the team 0:18:24.640 --> 0:18:26.520 and the company delivered on those targets in the past 0:18:26.560 --> 0:18:29.200 couple of years, especially last year. I think going forward, 0:18:29.240 --> 0:18:32.240 you're going to see us take a very um you know, 0:18:32.280 --> 0:18:35.200 I think UM you know, strategic look at how we 0:18:35.320 --> 0:18:37.400 drive growth in the future. You're gonna see our multi 0:18:37.480 --> 0:18:41.120 product strategy and our content cloud portfolio really driving our 0:18:41.119 --> 0:18:43.159 growth rates in the future. At the same time, we 0:18:43.160 --> 0:18:46.000 think profit um and driving increased profitability is going to 0:18:46.080 --> 0:18:48.399 be important. It has allowed us UH to build a 0:18:48.480 --> 0:18:51.600 much more durable financial model that certainly in this market, 0:18:51.640 --> 0:18:53.560 is UM I think holding up very well and that 0:18:53.600 --> 0:18:55.320 will continue to be the case over the next few 0:18:55.400 --> 0:18:59.400 years and beyond. Now we've been talking a lot about 0:18:59.400 --> 0:19:01.639 the war for town. You and I spoke at almost 0:19:01.640 --> 0:19:04.240 the beginning of the pandemic, and you acknowledge it's going 0:19:04.280 --> 0:19:05.800 to be hard to get people to come back to 0:19:05.840 --> 0:19:09.359 the office at all, especially engineers. And I'm curious what 0:19:09.400 --> 0:19:11.480 you're seeing. I know, you're just starting to reopen your 0:19:11.480 --> 0:19:14.400 offices across the country. Do people want to come back, 0:19:14.520 --> 0:19:18.040 are they actually coming back? And how is the working 0:19:18.040 --> 0:19:23.199 world going to forever be changed by what we have experienced. Yeah, No, 0:19:23.320 --> 0:19:26.160 the world is fully changed. There is no going back 0:19:26.200 --> 0:19:30.159 to kind of pre ways of working. That being said, uh, 0:19:30.200 --> 0:19:32.280 there's a lot of demand both within you know box 0:19:32.359 --> 0:19:34.520 and certainly you know pure companies that we talked to 0:19:34.680 --> 0:19:37.359 for for those that that live in your offices to 0:19:37.600 --> 0:19:41.399 come back in occasionally um or more frequently depending on 0:19:41.400 --> 0:19:43.639 the individual, UM as a means of being able to 0:19:43.680 --> 0:19:45.919 see colleagues in person and be able to kind of 0:19:45.920 --> 0:19:48.119 catch up and and do some of their some of 0:19:48.119 --> 0:19:50.320 their work in person, whether it's a you know, brainstorm 0:19:50.400 --> 0:19:52.640 or in a conference room, or even you know, being 0:19:52.640 --> 0:19:54.640 able to continue to work um, you know, in their 0:19:54.880 --> 0:19:58.360 in their you know um uh you know traditional environment. Uh. 0:19:58.440 --> 0:20:01.960 That being said, we know that that hybrid work is 0:20:02.000 --> 0:20:04.199 the future. So things are not gonna look like they 0:20:04.200 --> 0:20:06.320 were you know two years ago, where everybody kind of 0:20:06.320 --> 0:20:08.600 came into the office every you know, you know, day, 0:20:09.119 --> 0:20:11.160 five days a week. At the same time, I think 0:20:11.320 --> 0:20:14.400 things will be uh not as remote only as they 0:20:14.400 --> 0:20:15.919 have been in the past two years. And so the 0:20:15.960 --> 0:20:19.320 future is hybrid. Uh. And at the center of enabling 0:20:19.320 --> 0:20:23.000 a hybrid strategy is cloud technology and and being digital 0:20:23.040 --> 0:20:25.840 first and how you operate and So for us, that's 0:20:25.840 --> 0:20:28.320 gonna mean that more of our meetings continue to be 0:20:28.359 --> 0:20:31.760 fully virtual. That's gonna mean that we continue to stitch 0:20:31.840 --> 0:20:35.439 together the work that we're doing globally um using the cloud, 0:20:35.440 --> 0:20:37.879 whether you're coming into an office or working remotely. And 0:20:37.920 --> 0:20:39.280 I think that's going to be the case for most 0:20:39.280 --> 0:20:42.360 companies going forward, and and certainly as a platform provider, 0:20:42.760 --> 0:20:44.440 we think that's going to create a huge opportunity for 0:20:44.520 --> 0:20:46.960 us to innovate for customers in this uh in this 0:20:47.000 --> 0:20:49.399 new hybrid workplace where you want to be able to 0:20:49.440 --> 0:20:52.760 share and collaborate on your most important digital information, whether 0:20:52.760 --> 0:20:55.280 you're doing that from home or doing that in an office. UM. 0:20:55.280 --> 0:20:58.320 And that's obviously the platform that we're building out now. 0:20:58.640 --> 0:21:00.919 The question is how hybrid is work world going to be? 0:21:00.960 --> 0:21:03.520 San Francisco, for example, some people say it's a ghost town. 0:21:03.600 --> 0:21:06.639 I saw a raccoon walking down the sidewalk in the 0:21:06.640 --> 0:21:09.480 middle of San Francisco in the middle of the day. 0:21:09.920 --> 0:21:13.520 True story, like I saw that. I saw that raccoon 0:21:13.560 --> 0:21:19.040 before the vandemic. But does San Francisco recover? Does it? 0:21:19.280 --> 0:21:22.080 Do we do we get back to the vibrant city 0:21:22.119 --> 0:21:25.280 filled with tech workers that it was before. Yeah, it's interesting. 0:21:25.359 --> 0:21:27.400 So I live in the peninsula, so I can't. Um, 0:21:27.440 --> 0:21:29.280 you know, I'm not the best proxy for the latest 0:21:29.320 --> 0:21:32.639 goings in San Francisco. I was there last week and 0:21:32.840 --> 0:21:35.959 at least outdoors. Um, to me, it felt pretty similar 0:21:36.000 --> 0:21:38.080 to uh, you know, to how things have looked in 0:21:38.119 --> 0:21:40.200 the past few years, even before the pandemic goes. You know, 0:21:40.240 --> 0:21:42.639 a lot of a lot of bustling around the around 0:21:42.640 --> 0:21:45.200 the city. But that being said, office buildings are clearly 0:21:45.280 --> 0:21:47.600 not a capacity. People are not coming back into the 0:21:47.600 --> 0:21:49.760 office every single day. Um. And that does have a 0:21:49.840 --> 0:21:52.000 you know, probably an impact at some point on the 0:21:52.240 --> 0:21:54.119 on the field of the city. Um. You know. So 0:21:54.160 --> 0:21:57.320 I can't. I can't predict what SF specifically is gonna 0:21:57.320 --> 0:22:00.360 look like. What I do know is the future's hybrid um. 0:22:00.480 --> 0:22:04.480 Different companies, different cultures, different teams, and different individuals will 0:22:04.520 --> 0:22:07.360 likely land on on a different cadence or rhythm as 0:22:07.400 --> 0:22:08.840 to how often they want to come back into an 0:22:08.880 --> 0:22:11.960 office or be fully remote. Um. And so I think 0:22:12.400 --> 0:22:14.800 we're gonna all have to get used to UM. Not 0:22:14.920 --> 0:22:17.280 thinking of this as sort of a you know, a 0:22:17.400 --> 0:22:20.399 binary outcome of either fully remote or you're fully in person, 0:22:20.480 --> 0:22:23.080 but instead one where you know, things are going to 0:22:23.119 --> 0:22:24.960 be hybrid and companies are going to exist on a 0:22:24.960 --> 0:22:28.040 continuum UM around how much of their work is is 0:22:28.080 --> 0:22:30.680 done you know, remotely or fully digitally, and how much 0:22:30.760 --> 0:22:33.160 is done in person. But no matter what, UM, ultimately 0:22:33.160 --> 0:22:34.520 you're gonna need to be able to stitch that work 0:22:34.520 --> 0:22:37.320 together using the cloud UM. And that is a guarantee 0:22:37.359 --> 0:22:40.320 for the future. How concerned are you, Aaron about the 0:22:40.400 --> 0:22:45.080 macro economic outlook right now given a war happening on 0:22:45.080 --> 0:22:48.199 the other side of the world but impacting everyone in 0:22:48.240 --> 0:22:52.680 the world. Yeah, I mean we're we're an interconnected in 0:22:52.760 --> 0:22:56.160 a society and economy and UM. And obviously the the 0:22:56.160 --> 0:22:59.560 the uh, you know, the invasion of Ukraine is isn't 0:22:59.720 --> 0:23:02.600 uh you know, a huge tragedy obviously on a human 0:23:03.040 --> 0:23:05.160 uh you know kind of life, and the impact level UM, 0:23:05.160 --> 0:23:09.119 it obviously does ripple uh you know, economically throughout the world. UM. 0:23:09.160 --> 0:23:11.520 You know, to varying degrees, probably based on the industry 0:23:11.520 --> 0:23:13.720 that you're in. UM. And I'd say it's probably too 0:23:13.720 --> 0:23:16.040 soon to sort of try and model or predict anything 0:23:16.080 --> 0:23:18.640 about what that looks like. UM. But right now our 0:23:18.680 --> 0:23:22.400 focus is you know, anybody UM at box with Ukrainian 0:23:22.400 --> 0:23:25.400 relatives or that's impacted directly by this. Just making sure 0:23:25.440 --> 0:23:28.400 that they're in a good spot to the extent possible 0:23:28.560 --> 0:23:31.320 and uh and that that's sort of our focus. But um, 0:23:31.359 --> 0:23:33.240 you know, I think it's it's premature to sort of 0:23:33.280 --> 0:23:34.960 try and try and model too much of the long 0:23:35.040 --> 0:23:38.840 term economic impact of this. Okay, Aaron Levy, thanks for 0:23:38.920 --> 0:23:41.480 joining us today on your analyst day. I always appreciate 0:23:41.560 --> 0:23:46.920 having you on THEO of box By now taken on Amazon. 0:23:47.040 --> 0:23:49.840