So you managed to get your hands on an iPhone 6, but what apps should you download?
Every iPhone 6 comes with Apple's new iOS 8 mobile operating system pre-installed, which is capable of some great features like app extensions, widgets, and better-than-ever graphics.
Apple has curated a collection of apps that highlight iOS 8's new abilities, and we've chosen our favorites that demonstrate just what your new iPhone 6 can do.
Apple's iMovie app is the best way to edit on the iPhone 6.
With iMovie, you can edit an entire film or add cool effects to any 240 fps footage you shoot with your iPhone 6. The new update introduces an iMovie app extension that lets you add a filter, animated titles, and soundtrack to any clip, right from within the Photos app.
Test the capabilities of your iPhone 6's graphics with "Epic Zen Garden."
Apple demonstrated "Epic Zen Garden" at WWDC in June to show off what iOS 8 is capable of, and for good reason. This peaceful virtual environment is brimming with detail, and you can interact with literally thousands of cherry blossoms, scores of butterflies, and plenty of other eye-catching effects.
Transform your iPhone 6's keyboard with Swype.
Swype has always been huge on Android, but with iOS 8, you can now enjoy a new style of texting on your iPhone 6 that lets you use a swiping gesture rather than taps to form words.
See the rest of the story at Business Insider
Safra Catz was named the co-CEO of Oracle, alongside Mark Hurd, on Thursday, after Oracle founder and longtime CEO Larry Ellison stepped down to take the executive chairman and CTO positions at the company.
Catz might not be a household name, but she’s one of Ellison’s most trusted executives at Oracle. It’s why Ellison once famously said, “If I dropped dead tomorrow, Safra Catz would be CEO of Oracle.”
Ellison is known for being a tough and demanding boss. Many executives have come and gone during his 37-year reign. The fact that Catz has been an Oracle executive for 15 years, earning the trust of Ellison along the way, says a lot about her influence within the company.
Here’s a story, from Fortune’s Adam Lashinsky, that shows just how powerful Catz really is in Oracle.
Shortly after joining Oracle in 1999, Catz quickly expanded her role, becoming executive VP within seven months and a board member by 2001. In one of those years, a big meeting took place at Oracle’s headquarters with Ellison and 30 other executives. After a while, Ellison was clearly getting distracted, and he started to leave the room saying he had a prior engagement.
That’s when Catz stopped him. Lashinsky writes:
Catz immediately sprang from her chair. "Safra grabbed him by the arm," recalls one participant, "and said, 'Larry, you can't leave. This is important. And I know you have the time for this.' And he sat back down. No one else at Oracle could do that."
Lashinsky describes Catz as a model corporate executive, who’s focused on serving only two “interchangeable masters”: Larry Ellison and Oracle. He says Ellison’s relationship with Catz is a perfect case study of “how a celebrity (and easily distracted) CEO deploys a talented No. 2 executive to keep a massive enterprise humming.”
Catz rarely speaks to the press, and still remains largely enigmatic to a lot of people outside of Oracle. But now that Ellison has stepped down, Catz will no longer be able to hide behind the shades of a charismatic leader. And stories like this only tell Catz is more than capable of keeping Oracle humming even after Ellison is gone.
Companies like Google, Amazon, eBay, and Uber are operating and expanding services that allow shoppers to order something online and have it that same day, without ever leaving home.
If they manage it, despite the expense and complexities involved in delivering over the "last mile," these companies will grow e-commerce's customer base (as well as its share of retail dollars), and siphon off one of offline retail's last real competitive advantages.
In a new report, BI Intelligence takes an exhaustive look at the same-day delivery market, sizing the percentage of people who will purchase goods to be delivered the same-day this year. We uncover the demographics of same-day delivery customers, the markets where these services have the best chance of taking off, and assess how each of the many new same-day delivery entrants compares to the others. We also look at the technology that really could make getting a package delivered to your door hours after you order it a common phenomenon.
Here are some of the key points from the report:
- USE: BI Intelligence estimates that 2% of shoppers living in cities where same-day delivery is offered have used such services. In dollar terms, we estimate that roughly $100 million worth of merchandise will be delivered via same-day fulfillment this year in 20 US cities.
- CONSUMER EXPECTATIONS: Consumer interest in same-day delivery is already fairly high. Four in 10 US shoppers said they would use same-day delivery if they didn't have time to go to the store, and one in four shoppers said they would considering abandoning an online shopping cart if same-day delivery was not an option.
- DEMOGRAPHICS: The most common same-day delivery shopper fits a very specific profile — millennial, highly likely to be male, urban-dwelling, and young. The products people want delivered same-day are also fairly niche.
- BARRIERS: Despite all the competition in the same-day delivery market, it still won't be easy to get people to pay for these services. 92% of consumers say they are willing to wait four days or longer for their e-commerce packages to arrive.
In full, the report:
- Estimates the market for same-day delivery from 2013-2018, including the percentage of people who will use these services and the total sales volume
- Looks at the most likely same-day delivery customers and the cities where these individuals are concentrated
- Unpacks the kinds of goods people are likeliest to order for same-day delivery
- Lays out how the different same-day delivery services stack up against each other in terms of prices, location, and selection
- Considers the barriers that could keep same-day delivery from ever becoming a mainstream preference among consumers
- Identifies the technology that could make same-day delivery cost-effective and commonplace
To access the Same-Day Delivery Market Forecast Report and BI Intelligence's ongoing coverage on the future of retail, mobile, and e-commerce — including charts, data, and analysis — sign up of a free trial.
One of the biggest barriers to mobile payments is that merchants have had a hard time figuring out which technology to adopt.
With Apple Pay, a new NFC-powered mobile payments system, that could change. In new research from BI Intelligence, we explain why near field communication is important, and why Apple Pay's use of it could help solve the chicken-and-egg problem in mobile payments.
BI Intelligence is a research and analysis service focused on e-commerce, mobile computing, digital media, and payments. Only subscribers can download our full research on Apple Pay and NFC as well as the individual charts and datasets in Excel, along with the PowerPoint version of this deck. Please sign up for a free trial here.
See the rest of the story at Business Insider
"I want to be absolutely clear that we have never worked with any government agency from any country to create a backdoor in any of our products or services," Cook said. "We have also never allowed access to our servers. And we never will."
That disclosure, however, may not preclude information requests under Section 215 of the US Patriot Act, according to Gigaom's John Jeff Roberts.
Section 215 of the Patriot Act — which has been in place since 2001 as a counterterrorism measure — allows the US government to obtain business records in secret, so long as they're relevant to national security.
Apple has been including a so-called "warrant canary" in its reports on government information requests, which it began publishing last year. Apple's warrant canary is designed to let the public know it has not handed over information to the government.
In its report last November, Apple specifically denied having turned over user information.
"Apple has never received an order under Section 215 of the USA Patriot Act," read the disclosure. "We would expect to challenge such an order if served on us."
That disclosure is absent from Apple's most recent report on government information requests, however, which might be a signal that they've complied, willingly or not, with one or more Patriot Act requests.
It's difficult to know for sure whether Apple has needed to comply with the Patriot Act. Its most recent report refers to "National Security Requests," which could refer to Patriot Act orders.
"We report all the national security orders we have received, including orders received under FISA and National Security Letters ('NSLs'), in bands of 250," said Apple's report. "Though we want to be more specific, this is currently the narrowest range allowed by the government."
As you can see, Apple has received somewhere between 0 and 250 information requests:
Tim Cook recently talked about Apple and government information requests in an interview with PBS' Charlie Rose.
"There were rumors and things being written in the press that people had backdoors to our servers — none of that is true," he said. "We would never allow that to happen. They'd have to cart us out in a box."
Apple declined to comment on whether it had receieved individual Patriot Act orders.
Even if you don't want to be an expert coder, most jobs require some sort of basic knowledge of technology.
Recognizing this trend, Mark Zuckerberg decided to give some high school students a heads-up on what's to come.
In a surprise visit Wednesday to Sequoia High School in Redwood City, California, Zuckerberg told the students that if they want job security in the future, they should study technology in some capacity, according to Almanac News.
Sequoia junior and former Facebook intern Rosie Valencia got to interview Zuckerberg, and one of the questions she asked was, "Why do you think technology is important for us students?"
And despite his audience being mere teenagers, Zuckerberg offered some sage advice.
"The simplest answer is that that's where all the jobs are going to be in the future," he said. "So if you look at the economy, it's easy to get the sense that the world somehow is going to be same as it is now when you grow up, that the jobs that you will have will be the same types of things that your parents have, and that's really not true if you look at the history. The world evolves, and jobs evolve.
"If you want to have a better chance of getting a job that's good and if you want to get a job that pays more then being proficient in technology, knowing some basic things about how to use computers, use basic programming, even if that's not your primary job, is going to be really critical to having a lot of options and doing what you want in the future."
So, kids, better start padding up your resume with some coding experience.
The social media posts were clearly pre-scheduled before the comedian's unexpected death, and as TMZ points out, are likely "the result of a pre-negotiated deal with Apple."
The posts were immediately deleted, but the internet was quick to screengrab photos of the gaffe.
From Joan's Facebook page Friday morning:
Joan Rivers talking about the iPhone 6... Maybe The Cloud is more than we think. pic.twitter.com/K8w3XLiJsR— Chris Burke (@chrisburke) September 19, 2014
Well if the iPhone 6 is good enough for Joan Rivers from beyond the grave, it's good enough for me. ;-)— Dan Dryden (@DanDryden) September 19, 2014
The biggest IPO in U.S. history is taking place Thursday, as Chinese e-commerce giant Alibaba goes public on the New York Stock Exchange.
And there's one American company that will experience a windfall from Alibaba's stock, not just today, but in the months and years to come: Yahoo.
Yahoo's continued windfall would have been smaller if not for one woman at the company. Not CEO Marissa Mayer but chief development officer Jacqueline Reses.
Reses actually holds the unusual combination of two roles at Yahoo. As chief development officer, she heads up Yahoo's M&A strategy. She's also the head of Yahoo's HR department, which says a lot about how Yahoo thinks about hiring talent.
And today's history-making day is such a big day for her, she admits to crying while she was with Alibaba CEO Jack Ma, she tweeted.
The enormity of today is overwhelming. Cried at dinner with Jack. Wow. I am speechless.— Jackie Reses (@jackiereses) September 19, 2014
Alibaba opened at $68 per share, raising $21.8 billion at a valuation of about $168 billion.
Yahoo will sell 121.7 million shares and put about $5.1 billion in cash into its coffers. And, thanks to Reses, Yahoo will hold onto another 401.8 million shares in Alibaba. The stock is up to $90 on its first day of trading, so Yahoo's take is worth $36.2 billion.
But it was a long, complicated, and often ugly road that got Yahoo here.
At one time, Yahoo had a 43% stake in Alibaba, bought for $1 billion years ago by Yahoo co-founder and then CEO Jerry Yang.
In 2009, Yang's successor Carol Bartz notoriously blew up Yahoo's relationship with Alibaba. At her very first meeting with Ma, she reportedly dressed him down in front of his senior executive team, Forbes reported. And things devolved from there.
The negotiations between Yahoo and Alibaba about cashing out Yahoo's stake during this time were acrimonious, complicated and pretty much went nowhere.
In 2012, under then-CEO Scott Thompson, the two companies stitched together a deal: Yahoo agreed to sell back half its stake in the Chinese Web company for $7 billion, AllThingsD reported.
Then Thompson got caught up on a scandal over over a fake computer science degree on his resume and left Yahoo. The Alibaba deal closed under Mayer.
Yahoo was supposed to be on the hook to sell another 208 million shares, or 40% of its remaining stake in Alibaba in the IPO.
Shortly after Mayer took the helm, Mayer asked Rese to join Yahoo, luring her away from a career as a private equity investor for Apax Partners.
Reses became Yahoo's representative on Alibaba's board. Over months, she renegotiated a new deal for Yahoo that allowed Yahoo to keep more of its stake, selling 140 million shares in the IPO not 208 million, it said in July.
Retaining a bigger stake gives Mayer breathing room as turns Yahoo's around. It keeps investors happy with Yahoo's share of the fast-growing Alibaba.
Reses has the personality to work magic. She's smart, funny, likeable, and irreverent.
In fact at the exact moment Yahoo was announcing the revised Alibaba deal, Reses was on stage cracking jokes at Fortune's Brainstorm conference in Aspen.
When asked if she thought competitor AOL would be acquired in the next two years, without missing a beat she quipped, "Not by us." That line quickly went viral on Twitter.
Reses is also tireless. She's completed more than 40 acquisitions for Yahoo in the past two years, slowing her pace down only to work on the Alibaba IPO, she said at the conference in July.
She's back on the acquisition horse. In August, Yahoo closed its deal to buy Flurry, in a deal said to be valued at over $200 million, the Wall Street Journal reported.
Yahoo investors have waited years for Alibaba's IPO, expecting the public value of the Chinese e-commerce giant's stock that Yahoo owns might send Yahoo's stock into the stratosphere.
In the early hours following Alibaba's debut, Yahoo's stock was getting smashed. Some of the selling pressure may be from Yahoo owners who owned it as a way of gaining exposure to the private Alibaba — who are now dumping Yahoo stock and buying Alibaba's instead. Other traders may be shorting Yahoo to bet against Alibaba. And still others may have owned Yahoo just for the Alibaba pop and are now taking their winnings and going home.
Regardless, a sum-of-the-parts analysis suggests the market is now valuing Yahoo's actual business at less than zero.
Yahoo stock opened the day at $42.40 per share. It's currently down ~5% to $40.23 per share. This puts Yahoo's market capitalization at $40.01 billion.
Here's the math for figuring out the value of Yahoo's core:
- Start with Yahoo's $40 billion market cap.
- Subtract the $10.5 billion in cash that Yahoo will have after receiving the proceeds of its Alibaba stock sale and paying taxes on its gain (Yahoo won't have to pay these cash taxes for a while, so it will retain the cash for now).
- Subtract the value of Yahoo's 35% stake in Yahoo Japan. It's worth about $5 billion after taxes.
- Compute the value of the 401 million shares in Alibaba that Yahoo still owns, which is worth about $25 billion after taxes with Alibaba trading at $90 per share.
What you're left with is the value the market is attributing to Yahoo's core business: About -$500 million with Alibaba trading at $90.
Yahoo has about a billion shares outstanding. If each are going for $40, Yahoo's core business makes up less than $0 of that price — theoretically, -$.50 per share.
It's a shockingly low valuation for Yahoo's core business.
Yahoo still has almost a billion people coming to Yahoo.com and its other products and services each month. Over the past 12 months, it has sold enough ads against those eyeballs to generate $4.62 billion in revenue and $772 million in EBITDA.
Yahoo revenues aren't growing at the moment, and it's still behind in mobile, but the company is definitely worth more than zero.
Here's why: If someone were to step in and buy Yahoo today, that buyer would be able to sell the company's stakes in Alibaba and Yahoo Japan, pay for the acquisition entirely, and start profiting from Yahoo's core business immediately.
The company is obviously now an attractive acquisition target.
Is this the beginning of the end for the free crowdsourced online encyclopedia that is the sixth most popular site worldwide?
Justin Knapp, the site's most prolific contributor with more than 1.3 million edits, isn't worried. He called Wikipedia "robust" in an email to Business Insider and explained that the English site has reached a point where it can survive with fewer editors.
"The number of editors as such is not necessarily a problem — eventually, the content of the encyclopedia will become more-or-less complete and what's required is curation and maintenance. By the time you get to 4 million articles in one language, it's close to done in terms of adding new articles," he wrote.
What matters more than sheer number is diversity.
"There are certainly problems," Knapp wrote, "huge lacunas in the type of knowledge we have, other language editions which are far smaller, and an evidently unwelcoming environment for new users and women in particular. Although it's conceivably possible that a complete and accurate encyclopedia can be maintained by men, it's not desirable that a common resource is off-putting to a majority of the population.
Wikipedia has several projects underway that are meant to help with diversity, as discussed last year by Tom Simonite in the MIT Technology Review. As for the decline in editors, it goes against the wildly optimistic goals of the Wikimedia Foundation, but Foundation executive director Sue Gardner told Simonite there is no proof that it is harming Wikipedia.
So who keeps Wikipedia running?
We asked Knapp, who received international news coverage in 2012 for being the first to pass 1 million edits, some questions about his habits. The 31-year-old graduated from Indiana University with bachelor of arts degrees in philosophy and political science. He works at a pizza shop and also on a crisis line, at the American Friends serivce Committee, and at a grocery co-op. Our exchange is presented below, lightly edited for clarity.
Business Insider: How much time do you spend editing Wikipedia and when do you do it?
Justin Knapp: That's hard to say as there is no typical day. What I edit, how, and for how long are totally contingent upon what's going on in my life. When I was unemployed, it was a lot more than when I've been working 90 hours a week. Over the years, I've changed to doing lots of small maintenance tasks, concentrating on high quality work with references, and attempting to connect Wikipediawith other free content projects (including other Wikimedia Foundation projects).
BI: What sort of edits do you make?
Knapp: I make edits of all kinds but my go-to edits are small style and typo fixes (such as replacing hyphens with ndashes). I have also written new articles from scratch, approved edits from new users, rearranged and split categories, marked content for deletion or renaming, added citations where needed — pretty much anything that needs to be done all across the encyclopedia.
Edits I have made lately include adding a navigation box to the bottom of an article, taking out unsourced content, and adding categories. I haven't added much in the way of content--just making adjustments. Before that, I made several thousand changes to styling issues regarding italicization. What I focus on changes day to day: sometimes, I notice a small problem with articles that is widespread and can be easily addressed. Other times, a new event (e.g. an album release) will occur and I want to cover it. For instance, I just started the article on Pete Davidson. I have also spent some time editing Spanish orthography and created a template to ease my efforts by inserting links to dictionary definitions from Wiktionary. I don't have any MO as such other than making the encyclopedia better. A few perennial ones are changing hyphens to ndashes or mdashes, tagging pages that have bad references, and creating links between Wikipedia and other Wikimedia Foundation projects or external projects like DMOZ and OpenStreetMap.
BI: What contributions are you most proud of?
Knapp: I am most proud of helping other users if I can. When it comes to the content of my work, I think the George Orwell bibliography and my article on Everything That Happens Will Happen Today are pretty high-quality, if not perfect. The article on Illinois is high-quality and was written by collaboration which is basically the point of the encyclopedia.
BI: Will any other contributors match your total?
Knapp: In terms of sheer numbers, there are only a couple of users which have near as many as me but the actual edit count is not as important as the quality. In that sense, many users have surpassed me. There are plenty of edits I make that have low value individually but you add them up and it makes the encyclopedia better. Other users put forth significant effort on a few edits that are very valuable individually. The thing that makes this project function is everyone doing their part. I'm impressed by anyone who puts forth serious, scholarly effort and freely shares that knowledge with the world, such as my late friend Adrianne Wadewitz. I am also particularly grateful to the software developers who make the back end structure of MediaWiki possible because they have skills that I entirely lack.
BI: What do you think about the health of Wikipedia as a whole?
Knapp: I think that Wikipedia is generally a robust and useful project and that the Wikimedia Foundation and greater Wikipedia community generally make the right decisions. The number of editors as such is not necessarily a problem--eventually, the content of the encyclopedia will become more-or-less complete and what's required is curation and maintenance. By the time you get to 4 million articles in one language, it's close to done in terms of adding new articles. There are certainly problems, though--huge lacunas in the type of knowledge we have, other language editions which are far smaller, and an evidently unwelcoming environment for new users and women in particular. Although it's conceivably possible that a complete and accurate encyclopedia can be maintained by men, it's not desirable that a common resource is off-putting to a majority of the population.
BI: What motivates you to contribute to Wikipedia?
Knapp: I am motivated by two broad interests. On the one hand, editing Wikipedia is a hobby: it's fun and relaxing. I can do it most any time I want. It's not mandatory and I can start and stop whenever and however I feel. On the other hand, it's an expression of my values--a way to encourage sharing, free culture, community, privacy, and liberty. I think that is true of a lot of Wikipedians in general. When the project started, it was made up of guys who were into making an encyclopedia and guys who were into free software and free culture. This is a product of both of those desires.
Google's next version of Android will encrypt your information by default, meaning it'll be even harder for hackers to obtain personal data from you Android phone or tablet.
Encryption is a safety mechanism that makes it harder for intruders to read your data when it's intercepted. Encryption turns sensitive information such as credit card numbers and passwords into unintelligible gibberish when it's being transmitted. This means that if it's intercepted between servers, the hacker won't be able to actually read the information.
Although Google has offered encryption for Android devices since 2011, security experts have said most users don't know how to turn it on, according to The Washington Post. Once Android L rolls out sometime this fall, those using Android devices won't have to worry about figuring out how to set it up.
Apple also recently announced that its new iPhone update, iOS 8, will also automatically encrypt user information. The new software launched on Wednesday, just as Apple CEO Tim Cook issued a public letter on the company's commitment to privacy following the recent iCloud scandal.
If you want to set up encryption on your Android phone today while you wait for Android L, Google has instructions here. You should note, however, that encryption is irreversible, so you would have to factory reset your phone if you want to decrypt it. Some users have complained that encryption has slowed down their Android devices. It's unclear if Google has found a way around that hiccup with Android L.
China's Alibaba Group is becoming a serious threat to Amazon.
The e-commerce giant made its market debut Friday in one of the largest public offerings of all time. The IPO was priced at $68 per share, giving Alibaba an initial market value of about $168 billion. That exceeds Amazon’s market capitalization of $150 billion, as of its closing price Thursday of $325.
Alibaba's websites account for 80% of all online commerce in China and its sales are growing rapidly. But its revenues are still only a fraction of Amazon's.
Here's a brief breakdown of the two companies and how they compare from the website SmartIntern. (It was made before the IPO.)
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We went to check out the line of people waiting to buy the new iPhone 6 or iPhone 6 Plus at Apple's flagship store in New York City. People are still willing to wait long hours, or even days, to purchase the latest model from the official store.
Produced by Alex Kuzoian.
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Jennifer Lawrence, Ariana Grande, Kate Upton, and Kaley Cuoco were among the numerous celebrities whose nude photos were leaked earlier this month via a massive hack of Apple's iCloud.
Cuoco discussed the situation for the first time while appearing on Thursday night's "Jimmy Kimmel Live!"
"I was one of the people who got hacked. It was disturbing!" Cuoco admitted.
The 28-year-old actress says she first found out about the photos from a Google alert she has on herself:
"Okay, I'm not going to lie — I totally have Google alerts that come to my phone, so anything that pops up with my name comes to my phone because I'm like obsessed, I need to know what's going on. So every day there's like 30 'Kaley Cuoco Nude Photos,' it's been going on for years but it's all these fake ones. So then this one came up and I was like, 'Oh, it's another fake one.' And then I started getting emails about real ones going around and I looked at it and I was like, 'Oh my god, there are some real ones.'"
Immediately, Cuoco says she "sent an email out to my family."
"I said, 'Just so you know, this happened, blah, blah, blah. P.S. I'm not pregnant, I'm not getting a divorce — I was able to get everything out in the email," she joked.
"It was a really bad situation," but Cuoco decided to "take it into my own hands and made a joke about it, because what else are you going to do?"
"You have to make fun of yourself," Cuoco told Kimmel.
"So I took a picture with my favorite app, it's called Nudify, it's hilarious you can blur things out.""I was shooting a scene on 'Big Bang Theory' and I was with all the guys, and it was the day after this whole nude leak happened. So I'm sitting there with them, and in between takes they all helped me pick out the picture and what I should nudify so I could, like, get them [the hackers] back. It was a team effort."
Watch Cuoco tell Kimmel the full story below:
Other hacked celebrities haven't taken the photo scandal as lightly.
Jennifer Lawrence's rep released a statement saying: "This is a flagrant violation of privacy. The authorities have been contacted and will prosecute anyone who posts the stolen photos of Jennifer Lawrence."
Kate Upton's rep had a similar response, calling it "an outrageous violation of Upton's privacy" and promising "to pursue anyone disseminating or duplicating these illegally obtained images to the fullest extent possible."
See how other celebs responded here.
The FBI is "aware of the allegations concerning computer intrusions and the unlawful release of material involving high profile individuals, and is currently addressing the matter."
Alibaba opened for trade at $92.70 per share, up 36% from where its IPO priced.
On Thursday night, Alibaba priced its IPO at $68 per share. At that price, the company raised $21.8 billion at a valuation of about $168 billion.
At its open price of $92.70, Alibaba's market cap is over $228 billion, and the company raised $29.7 billion.
This capital raise marks the largest IPO ever for the US stock market, topping Visa's previous record of $17.9 billion.
Shortly after opening for trade, Alibaba shares surged to $99 per share, or up more than 45% from its IPO price.
Near 12:05 p.m. ET, shares of Alibaba were off their best levels of the day and trading near the IPO price of $92.70.
As of 12:30 p.m. ET, Alibaba shares had fallen below their initial trade of $92.70 and were trading below $91 per share, about a 32% increase from its $68 IPO price.
Near 1:30 p.m. ET, Alibaba shares were trading near $91 after briefly trading hands below $90.
Headlines from Reuters at 10 a.m. ET said broker TD Ameritrade had customer orders for Alibaba exceeding customer orders for Twitter's IPO by 2 1/2 times. TD Ameritrade also said that as of 6:45 a.m. Friday, half of the company's order book was for Alibaba shares.
On CNBC, Scott Cutler of the NYSE said they were seeing "hundreds of thousands of orders" for Alibaba shares.
CNBC reported that the first indication for Alibaba shares was at $80 to $83 per share.
On Twitter, the FT's Eric Platt reported at about 10:20 a.m. ET that the range was updated to $82 to $85.
On CNBC, the NYSE's Scott Cutler said the IPOs underwriters would use the "greenshoe" provision, which allows them to increase the share offering by 15%, which would bring Alibaba's capital raise to $25 billion.
At about 10:30 a.m. ET, CNBC's Carl Quintanilla said the new indication was that shares would open between $84 and $87.
At 10:45 a.m. ET, CNBC's Bob Pisani reported that the indication was upped to $86 to $88.
At 10:52 a.m. ET, Pisani reported that the indication was upped to $87 to $89.
At about 11 a.m. ET, CNBC reported that the range was increased to $88 to $90. On CNBC, the NYSE's Scott Cutler said that there were still 10 million shares that needed to be matched with buyers.
At 11:05 a.m. ET, the range was upped to $89 to $91. At the midpoint of this range, or $90 per share, the company would raise $28.9 billion and be worth just less than $222 billion.
At 11:15 a.m. ET, the range was tightened to $90 to $91.
At 11:22 a.m. ET, data from Reuters showed that the indication had been upped again to $91 to $92.
At 11:27 a.m. ET, Reuters data showed the range was increased again to $92 to $93.
CNBC reported that Alibaba would not start trading for two to three hours, and on Bloomberg TV on Thursday night, George Pearkes of Bespoke Investment Group explained why it would take some time for market in Alibaba shares to get put together and the stock begin trading on Friday.
Jonathan Frankel is not your average startup founder. He doesn't live in Silicon Valley, or even Silicon Alley. He hasn't worked in the technology industry before.
Oh, and he's an ordained rabbi.
Frankel never planned on starting his own company, let alone develop a new device, but he just sort of stumbled into it. After becoming a rabbi, Frankel went to Harvard Law and then worked at Boston Consulting Group and flew around the country working with different clients.
At the time he was living in the suburbs of Philadelphia with his wife and three sons in a three-story house.
"I have three little boys, and I was trying to keep track of them," Frankel told Business Insider.
He'd hear screaming coming from somewhere and run around the house trying to figure out what was wrong. Or if it was time for dinner, he'd have to scream at the top of his lungs for them to come downstairs.
Frankel decided that it would make his life infinitely easier if he could install an intercom in the house so that he could communicate with his family wherever they were. But when he started googling, he was astonished by the price range.
The traditional intercom systems his parents had used 20 years ago when he was a kid were going for $3,000. And it would require them to wire the whole house and break through walls. It seemed pretty ridiculous.
So he thought to himself, this is the 21st century, there must be some sort of wireless solution at a cheaper price point. But he couldn't find anything.
After dozens of hours of futile searching, Frankel decided to go ahead and create a wireless intercom himself.
A year and a half later, he's launching Nucleus, a WiFi home intercom that makes it easy to communicate with other people in your house (and it's less expensive, too).
With Nucleus, parents can buy tablet-like devices to hang on the walls around their house. Each device can record video and audio and share the information with the other devices in the house.
"The ability to just tap and see takes out a lot of the running up and down," Frankel said. "It’s a lot more calm way to communicate."
You can preorder as many devices as you want at $150 per Nucleus, and Frankel is hoping to ship by the second quarter of 2015.
While Frankel studied computer science undergrad, he didn't really have too much technical background, so he brought along Isaac Levy to be Nucleus' CTO. Levy came with tons of background in video technology and put together the working prototype in about a month.
And while Levy is working on all the coding, Frankel is bringing his own flair to the company.
"Talmud and computers and law, they’re all very demanding and logical professions," he said. "When we were designing this, working with designers, I told them 'I don’t even have the vocabulary to discuss design.' You want to give me a logical puzzle, I’ll solve a logical puzzle. I’m not a designer. But I think all those three different careers, they seem very disparate, but they’re kind of very connected in terms of the hard logic required."
You can watch this video to learn more about Nucleus:
Alibaba's CEO Jack Ma, who is also China's richest man, told CNBC's "Squawk On The Street" crew that he's inspired by the movie "Forrest Gump."
Here's an interview from earlier today:
Jack Ma: Well, I got my story, my dream from America. A full 15 years ago when I came to America, when I visit Silicon Valley. I saw in the evening the road was full of cars, all the buildings with the lights. That's the passion. The hero I had is Forrest Gump.
Jim Cramer: A box of chocolates?
David Faber: You know he is a fictional character, though?
Ma: I really like that guy. I've been watching that movie for about ten times. Every time I get frustrated, I watch the movie. I watched the movie before I came here again before coming to New York. I watched the movie again telling me no matter whatever changed, you are you. I'm still the guy 15 years ago, you know, I only earn like $20 a month. And today I can do that much.
Alibaba, which debuts on the New York Stock Exchange today, is the largest IPO in U.S. stock market history.
After correctly predicting 15 of 16 World Cup knockout stage games, Microsoft's virtual assistant Cortana is taking on the mother of all American sports, the NFL, and it's doing it with the help of Facebook and Twitter data.
Cortana's NFL predictions come from a model developed by the company's Bing Predicts team.
When you search the term "NFL predictions" or search for a specific game on Bing, the results contain the Bing Predicts prediction with the team's percentage chance of winning. Windows phone users can ask Cortana who will win this weekend's Seahawks-Broncos game, for example, and it will tell them.
Here's what the predictions look like on the web:
The Bing Predicts NFL model, which a small group of computer scientists at Microsoft came up with, includes all the traditional variables that you'd expect it to include. Determinative factors like past results, home/road effect, turf/grass effect, weather, strength of schedule, and advanced offensive and defensive statistics are all in there.
But Bing Predicts includes a variable that other systems don't — public sentiment.
"It takes into account the wisdom of the crowd," is how Microsoft director of consumer communications Craig Beilinson described it.
Because of exclusive partnerships with Facebook and Twitter, Bing has access to a mountain of social data that they can use to determine the public perception of teams and games. By analyzing aggregate Facebook status updates and tweets, the model can quantify the public sentiment for or against a given team and factor that into its prediction. The idea is to catch things that the stats can't see — like injuries or inner turmoil.
Advanced statistical models are often held up as the antidote to public perception. These models are meant to be purely empirical, immune from human subjectivity. The Bing model is different. It sees the wisdom of crowds as a legitimate indicator. It sees public sentiment as the expression of unseen variables that ought to be incorporated in the model next to traditional indicators like rushing stats.
As we saw in Week 2, this can be dangerous. The Baltimore Ravens played the Pittsburgh Steelers on Thursday Night Football only days after cutting Ray Rice in chaotic fashion that week. While Microsoft wouldn't tell us how heavily public sentiment is weighted in the model's "secret sauce," anecdotal evidence suggests it affected the prediction.
Bing Predicts had the Steelers as a relatively significant 59.8% favorite. That prediction deviated from most other models. Las Vegas had the Ravens as a slight favorite, and Nate Silver's ELO model had the Ravens as a 54% favorite.
Baltimore won 26-6. Bing Predicts was wrong.
Overall, though, things are off to a decent start.
Cortana is 19-13 on the young season. Silver's model is 19-13 as well. Vegas favorites are 17-15. Time will tell if Cortana can duplicate its World Cup success.
Bing Predicts started as an experiment to see if Microsoft could predict the results of shows like "American Idol" and "The Voice" based on what people were talking about and searching for online.
After some success in the reality TV realm, Bing moved into trickier, more saturated predictive territory — sports.
It found success there too.
It correctly predicted all but one World Cup knockout stage game. It picked Germany to beat Brazil in the semifinal when every other statistical model had Brazil as the favorite. It nailed apparent toss-up games like Costa Rica-Greece and Uruguay-Colombia. Its only blemish was the third-place consolation game between Brazil and the Netherlands — which the underdog Netherlands won.
That success raised eyebrows. It's one thing to look at social data and figure out which "American Idol" singer the public likes, it's another to correctly predict a sporting event.
Microsoft still views Bing Predicts as something of an experiment. The company breaks down predictions into three categories: open votes ("American Idol"), limited votes (the Academy Awards), and things that happen (sports). The third category is the hardest to get right. Whereas Facebook statuses and tweets about "American Idol" has a relationship to the actual outcome of the show, public sentiment in sports isn't actionable.
The team is updating its model every week to try and get more accurate predictions, which we'll be tracking week-by-week.
Tim Cook surprised eager fans who had queued for hours outside Apple's retail store in Palo Alto, California, with a personal appearance and plenty of time to take selfies.
Cook traveled along the line of customers waiting to purchase the iPhone 6, chatting to them and posing with them for photos.