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stockstream

In late May, Amazon engineer Mike Roberts unveiled Stockstream — an experiment in letting viewers of his Twitch livestream play the stock market with 50,000 of his own money.

A month later, and the experiment is still going strong. Over the course of 2,125 trades, Stockstream players have voted to pick out a diversified portfolio that now includes a handful of shares in Ford, Costco, Apple, and GE, among many others.

"I`m actually quite surprised/pleased with how well the portfolio has been doing," Roberts tells Business Insider. 

As of Thursday afternoon, Stockstream was hovering around a zero percent return on Roberts` original 50,000 investment. That doesn`t sound very impressive, but it`s actually a better performance than the roughly 1% dip in the Nasdaq Composite over the last month. For comparison, the Dow Jones Industrial Average posted a 1.22% gain in the same period, but still not bad for a Twitch experiment.

The way StockStream works is simple: Every five minutes, a round of voting opens, allowing Twitch viewers to vote on the purchase or sale of any stock, like "!buy AAPL" or !sell TSLA." After five minutes, the relevant stocks get added to or subtracted from Roberts` portfolio, with the trade executing via the popular Robinhood app. 

It`s another kind of victory, too: Roberts himself was fearful going into the Stockstream experiment that trolls might conspire to ruin his fun. Now, it looks like the Stockstream portfolio is at least resilient enough to withstand the turbulence of the public markets over the last few weeks. stockstream portfolio 6/29

Still, there are some pranksters out there: While he can`t be sure, Roberts says that he`s pretty sure that players` fondness for buying ProShares (symbol: DOG), Cheesecake Factory (CAKE), Maui Land & Pineapple Company (MLP, the same acronym as "My Little Pony") and cruise ship company Carnival (CUK, similar to "cuck," the alt-right`s favorite insult) is intended as some kind of joke. 

The good part is that as troll moves go, this is pretty harmless, and hasn`t ruined his or anybody else`s fun. Stockstream has even attracted a small community on Discord, a popular chat app for gamers. 

"For the most part it seems people are playing in good faith and having fun, I haven`t had to ban anyone recently, and the Discord channel usually has a bit of discussion each day on various stocks and plays," says Roberts.

SEE ALSO: An Amazon engineer is letting thousands of Twitch users play the stock market with 50,000 of his own money

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NOW WATCH: THE BOTTOM LINE: Market euphoria at a 20-year high and Rich Greenfield defends the stock everyone loves to hate

Function of Beauty

Function of Beauty is a young startup trying to tackle an age-old problem: getting better hair. 

The New York-based startup, which launched last October, lets you create custom shampoos and conditioners based on your hair type and goals. If you want smooth, shiny hair, for instance, you can let the company know and they`ll build a concoction that fights frizz. 

Function of Beauty is less than a year old, but it`s already seen massive success: The company went through Y Combinator, raised a total of 12 million — including a 9.5 million Series A in March — and is already generating revenue, according to founder and CEO Zahir Dossa (although Dossa declined to disclose monthly revenue).

Plus, Function of Beauty is valued at a whopping 110 million, according to a person familiar with the company. 

12 billion combinations

The idea for creating bespoke hair products was the result of Dossa`s studies at MIT. While working on his dissertation, which focused on value chain optimization and ecommerce, Dossa began studying different industries. 

"I saw that was the most bloated [industry] was beauty, and more interestingly, the value chain for beauty hadn`t really changed over the last 100 years," Dossa told Business Insider. "There were all these middlemen in the way."

Dossa decided to build a direct-to-consumer company that focused specifically on hair care. Shampoos and conditioners were the most varied because of different hair types and hair goals, he learned, which meant endless customization. 

Well, not quite endless — Function of Beauty can create 12 billion different combinations of ingredients.

Function of Beauty

Here`s how it works:

  • You start by taking a quiz on Function of Beauty`s website about your hair. By doing this, you`re building your Hair Profile, which the company saves so you can easily reorder more products.
  • You`ll answer questions about your hair type, hair structure, and scalp moisture.
  • Next, you`ll select five "hair goals," like volumize, deep condition, or lengthen.
  • Then, you`ll pick which color and scent you`d like the shampoo and conditioner to be, along with the fragrance strength.

After that, Function of Beauty will build your custom formula using its algorithm.

Function of Beauty"If we know what a person`s hair profile is and how they’d like their hair to behave or look or feel, then basically we can combine those two data points to be able to come up with a unique base for each person based on their profile, and then various performance blends that we can add that appeal to each hair goal that they fill out," Dossa said. "And then they are other various ways to personalize it, like the fragrance or the color."

Once the set is delivered to a customer, they can test it out. If it doesn`t work for their hair, they can send it back and a new formula will be created, free of charge.

Function of Beauty also has a subscription service, so you can have new products delivered without having to manually reorder or shop in a store. 

Still, the company is considering how traditional retail ties into its future plans. 

"The question is, how do we balance our fast online growth, which we’re still struggling to keep up with, with also having a retail presence?" Dossa said. "Originally, [a retail space] was slotted for a summer launch, but we might end up doing an exclusive showroom for our more fervent customers, those who really want to see how their sets are being made."

SEE ALSO: In less than 10 minutes, this powerful 400 hair dryer gave me the best hair of my life

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Leslie Morissette`s son, Graham, was 6 years old when he was diagnosed with leukemia.
With the help of a robot from CNN Hero Leslie Morissette`s nonprofit, one fourth grader stays connected to his school and friends while battling leukemia.
BEIJING (Reuters) - Chinese authorities on Thursday told U.S., German and European Union diplomats that Nobel Peace Prize-winning activist Liu Xiaobo cannot be moved to get medical treatment elsewhere due to his illness, a source briefed on the meeting told Reuters.
DOHA/WASHINGTON (Reuters) - Qatar said on Thursday it was working with the United States and Kuwait to respond to a list of demands presented by Arab states who have accused Doha of supporting terrorism, an allegation that ignited a regional crisis between the U.S. allies.

Teens TextingKen Smith and Dr. Matthew Phillips were standing on the sidelines of their 16-year-old sons` lacrosse game when they both noticed the same thing — every one of the teens in the stands was looking down at their phones instead of at the action in front of them.

The moment made clear to both of them just how addicted kids were to their phones. And it served as a kind of inspiration for SocialJudo, a smartphone monitoring app the duo created and recently launched.

Both Smith and Philips had both heard the horror stories about teens and their smartphones. From the moment kids receive their first phones, they face threats including cyberbullying, distracted driving, and sexual predators.

The two dad had each separately looked at the options for monitoring their teens` smartphones, but neither was impressed. The typical monitoring methods and apps involved breaking into teens` phones and going through all their data. Neither Smith nor Philips wanted to spy on his kid; each thought that looking at his kid`s texts was akin to rummaging through his bedroom drawers. 

So they set out to create an alternative and sketched out what they as fathers wanted from a smartphone monitoring app. The result is SocialJudo, an app parents install on their kids` phones.

The app logs kids` texts and calls, and allows their parents to monitor their activity on social apps like Instagram, Snapchat and WhatsApp. Parents can also configure SocialJudo to alert them when it sees certain phrases or their their kids access particular websites. 

The app was launched June 1 and has over 200 families using it.  

SocialJudo recognizes some 50,000 slang terms for different behaviors like pot smoking or sex. Parents can set the app to send them alerts whenever their child receives or sends a text with one of the flagged terms. Parents can then view the texts in the SocialJudo app on their phones. 

The app also allows parents to track their kid`s location and to set up geofences that alert them when their kid goes into an area they’ve labeled off limits.

Before SocialJudo, neither Smith nor Phillips had ever developed an app. Philips is a brain surgeon, and Smith works with RFID technology in cars.

“It’s felt like the biggest, longest, fastest roller coaster ride without a seatbelt,” said Phillips of the journey so far.

While other startups grow with an eye on the bottom line, Smith and Phillips are trying to stay focused on the needs of parents. 

Both of their sons got a driving permit recently and each quickly started asking to borrow a car. That got Phillips and Smith thinking about adding new capabilities to SocialJudo. They now have in development a texting-and-driving feature that will automatically mute all calls (except for the ones from Mom and Dad, of course) and send an auto reply to any incoming text messages.

SEE ALSO: New research suggests smartphones might actually be making you dumber

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NOW WATCH: Your smartphone may be stunting your child’s development

Blue Apron`s first day of trading is over, and it finished pretty much where it started.

The stock traded up to 11 after debuting at 10, and ended the higher by just 0.01 at 10.01.

The company went public Thursday under the shadow of the recent Amazon-Whole Foods merger. The e-commerce giant is expected to use the grocery chain to beef up its food delivery service.

Initially, Blue Apron shares were expected to price in the 15 to 17 range, but that range was lowered to between 10 and 11 on Wednesday morning. 

Click here to read more about Blue Apron...

apron stock price

SEE ALSO: Blue Apron opens for trading at 10

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Rupert Murdoch`s attempt to build out his media empire in Europe by buying pay-TV group Sky suffered a major setback on Thursday.

tintri cto and co-founder kieran harty

In what doesn`t look like a promising sign for its debut on the public markets, storage startup Tintri has lowered its opening price targets and reduced the number of shares it hopes to sell in its IPO.

It now plans to sell 8.5 million shares at a price range between 7 and 8 per share, according to updated forms filed with the SEC. That would raise about 64 million for the company at the mid-range price.

Tintri was widely expected to IPO on Thursday, and planned to sell 8.7 million shares at a price range between 10.50 and 12.50/share. At the mid-range, that IPO would have raised about 100 million for the company.

But at the last minute, it cancelled its Thursday IPO.

The cancellation apparently took employees by surprise. One excited employee had tweeted a photo of himself wearing a T-shirt that said 6.29.17 and its upcoming ticker symbol "TNTR," the San Francisco Chronicle reported. Another employee tweeted a photo of employees boarding the plane to New York, presumably for the customary opening bell ceremony, the Chron reports, but that tweet has been deleted.

Tintri offers flash storage products for companies, which is storage built with the same technology used in smartphones and thumb drives. It claims that its storage products work well with applications running on cloud services, like Amazon Web Services (AWS).

But storage companies have not fared well over the past five years, as companies increasingly store their data in cloud services like AWS S3. The one-time giant in the market, EMC, was acquired by Dell. Former startup darlings have had less-than-stellar IPOs, like Pure Storage. And many other flash companies have also struggled.

Tintri had a loss of 100 million on total revenues of 125 million in its last fiscal year, 2017. Plus, year-over-year revenue growth had slowed from 73% in 2016 to 45% by 2017.

The company declined comment.

SEE ALSO: GROWING PAINS: Why 345 million HR startup Namely lost its CFO, CTO and many others

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NOW WATCH: We drove a brand-new Tesla Model X from San Francisco to New York — here`s what happened

Apple WWDC 2017 new iMac

Apple released on Thursday a public preview of macOS High Sierra, the latest updated to the Mac launching later this fall.

You probably won`t notice many differences in High Sierra compared to the current version of macOS.

Most of the improvements are designed to speed things up. It also supports some virtual reality headsets, something Macs have been missing for years.

If you want to try High Sierra, you can sign up right here with your Apple ID. Just keep in mind it`s still an early version of the software and might have some bugs.

It`s best to test it on a secondary Mac if you have one. Otherwise, just wait until the final version launches this fall.

SEE ALSO: Your first look at the biggest iPad update ever

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NOW WATCH: This is Apple’s best iPad ever — here`s why

Images A, C and D show incisions while B shows the hole drilled into the skull.

Just as people at the world’s oldest known temple site in Southeast Turkey began to make the transition from hunter-gatherers to a more settled lifestyle, they also started a “skull cult” in which they drilled and de-fleshed human skulls post-mortem.

Lindisfarne Castle on Holy island

A team of archaeologists have recently excavated the remains of a church on Lindisfarne (Holy Island) in Northumberland. Experts describe the newly discovered church as one of the most significant archaeological finds in the history of the Holy Island.

STRASBOURG, France (Reuters) - A woman was put under formal investigation in France on Thursday over the murder of a four-year-old boy more than 30 years ago, reviving memories of an infamous case.
WASHINGTON (Reuters) - U.S. President Donald Trump will meet with Russian President Vladimir Putin next week at a summit in Germany that brings two world leaders whose political fortunes have become intertwined face-to-face for the first time.
India`s struggling, debt-ridden national airline could soon be in private hands.
While President Trump talks tough on trade, Europe and Japan are getting on with business.
PARIS (Reuters) - A man was arrested after trying to drive a car into a crowd in front of a mosque in the Paris suburb of Creteil on Thursday, police said, adding that no one was injured.
DOHA/WASHINGTON (Reuters) - Qatar said on Thursday it was working with the United States and Kuwait to respond to a list of demands presented by Arab states who have accused Doha of supporting terrorism, igniting a regional crisis between the U.S. allies.

Facebook Aquila drone

Facebook has completed its second test flight for its solar-powered, internet-beaming drone called Aquila, the company announced on Thursday.

The flight was conducted on May 22 in Yuma, Arizona and lasted for one hour and 46 minutes. Facebook said that the drone "landed perfectly on our prepared landing site."

An earlier version of Aquila was "substantially damaged" in a crash during its first test flight over Arizona last year, according to an investigation by the National Transportation Safety Board.

To avoid another crash, Facebook tweaked the design of Aquila by adding wing spoilers, a smoother exterior, and a "horizontal propeller stopping mechanism." The second version of the drone also includes hundreds of sensors to record details about flight performance.

Facebook plans to use the large drone to beam internet access to unconnected parts of the world. It`s designed to stay in the air for long periods of time and uses the same amount of power to run as three blow dryers.

Aquila is one part of Facebook`s multi-pronged effort to bring more people online around the world. With two billion users, the social network is nearing the limit of internet-connected people on earth it can currently reach.

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A barely three-month-old game that isn`t even through being developed has already amassed over 100 million revenue from over 4 million players, each of whom bought the game for 30.

Weirder still: The game is bizarrely named, "PlayerUnknown`s Battlegrounds" — only, the developers behind it usually spell it in all caps. 

PlayerUnknown`s Battlegrounds

The game has been a big hit on Steam, but that`s community of game enthusiasts. So you might think that, in order to reach a broader audience, the game`s makers — a South Korean studio named Bluehole — might change its name to something a bit less esoteric name. But you would be wrong. 

"People are talking about it, that`s the main thing," the game`s creative director, Brendan Greene, told me in an interview earlier this month at the annual E3 video game trade show in Los Angeles, California.

He added, "Yeah it`s a silly name, but f--- it."

Greene is the infamous "PlayerUnknown" in the game`s name; it`s his online handle. And "Battlegrounds" is his game.

The foundation for "Battlegrounds" was a mod Greene created for two other games: "ArmA 3" and "H1z1." The mod, which he called "Battle Royale," introduced a new mode for playing those games where the goal was to be the last player standing. The mod was named after the Japanese film that inspired it.

Battle Royale

If you haven`t heard of "Battle Royale," it doesn`t matter — the premise is familiar to anyone who`s seen "The Hunger Games." In "Battle Royale," a group of Japanese high school students are forced onto a deserted island with a small selection of survival gear and weaponry. The goal: Be the last one standing.

Greene took that same premise to "PlayerUnknown`s Battlegrounds." Bluehole couldn`t name it "Battle Royale," of course — that`s already a movie, and Bluehole doesn`t have the rights to a video game adaptation of the film (nor is the game an attempt at one).

The game`s name is kind of a mouthful. Players, tired of saying/typing such a long and bizarre name, have taken to calling it "PUBG" (pronounced: "pub-gee") or simply "Battlegrounds." 

So, why does Bluehole stick with such an absurd name? Here`s Greene`s explanation:

"It`s only called `PlayerUnknown`s Battlegrounds` because `Battlegrounds` you can`t get a copyright on. You just can`t. So calling it `PlayerUnknown`s Battlegrounds` [makes sense] because it was `PlayerUnknown`s Battle Royale` before that. And it`s all caps because it looks better as all caps. No other reason. I`m not shouting it."

SEE ALSO: There`s a good reason why the crazy new game that pits 100 people against each other on a deserted island is coming to Xbox One exclusively

DON`T MISS: A game developer made over 100 million in 3 months — here`s how he`s spending his wealth

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NOW WATCH: Everything you need to know about `Battlegrounds` — an unfinished game that’s already made 60 million

This week marks the tenth anniversary of the iPhone. For hundreds of millions of us, this device -- just 4 ounces when introduced -- has come to dominate our lives. Now we can find seemingly any answer to anything with a few taps of the thumb and forefinger. Everything from dinner to a date is now just a click away, and you can procure both of those while simultaneously talking on a conference call -- and riding the train, of course.
When the Supreme Court legalized same-sex marriage nationwide in Obergefell v. Hodges, many LGBTQ commentators recognized there could be backlash. And indeed there was. "Bathroom bills," such as House Bill 2 in North Carolina, were passed requiring people to use the bathrooms that correspond with the sex marker on their birth certificates.
BRUSSELS (Reuters) - European allies pledged more troops to support Afghanistan`s hard-pressed military on Thursday but left details on numbers vague until the United States clarifies its new strategy to break a stalemate with the Taliban.
ANKARA (Reuters) - Iran`s state news agency quoted a representative of Iranian Supreme Leader Ayatollah Ali Khamenei on Thursday as saying Islamic State`s leader Abu Bakr al-Baghdadi was "definitely dead".

first iphone

Today is the 10th anniversary of the iPhone.

Obviously, it`s a major hit — it basically mints money for Apple, which is now the most valuable company in the world.

But when it first came out, there were a lot of people who didn`t think it was all that great. In fact, some people thought it was going to be an outright flop. 

Here are some of those doubters and skeptics: 

SEE ALSO: It`s been 10 years since the iPhone went on sale — look how terrible the first one seems today

Steve Ballmer, then Microsoft`s CEO: "There`s no chance that the iPhone is going to get any significant market share. No chance."

The Microsoft CEO at the time made the claim to USA Today



Richard Sprague, then-Microsoft senior director: "I can’t believe the hype being given to iPhone. I just have to wonder who will want one of these things (other than the religious faithful.)"

Source: Microsoft blog via Daring Fireball



Three years later, Microsoft held a funeral for the iPhone when it launched a new version of Windows Phone.

More details about the Microsoft stunt here



See the rest of the story at Business Insider

Chevrolet Bolt 2

You can easily argue that the Chevy Bolt is the most important car General Motors has ever rolled out. What we have here is a 37,495 all-electric vehicle with a range of nearly 240 miles on a single battery charge. GM took it from intro to the assembly line in less than two years, in the process beating the avidly anticipated Tesla Model 3 to market by at least a year. 

So what makes the Bolt more important than, say, the Cadillac XT5 crossover SUV or a new Corvette? 

The Bolt is a completely different kind of "halo" car. Like the Toyota Prius gas-electric hybrid 15 years ago — based initially on the homely Toyota Echo compact sedan — the Bolt is anti-sexy. Teslas, of course, drip sex appeal.

We all know, however, that mass-market car buyers don`t buy sexy. They bought the Prius because it promised low emissions and great fuel economy. And GM is betting that they`ll buy the Bolt because it represents more of an idea about mobility than a specific experience of an automobile. The Bolt is accessible, affordable, versatile, high-tech, and is adaptable to ride-sharing and ride-hailing. It`s also fun, but not crazy-knock-your-socks-off fun. 

A platform, not business as usual

In short, the Bolt is a platform rather than a commitment to a reliable automotive premise. For that, GM has Corvettes and Camaros — cars that do their thing and do it well, but that aren`t flexible. 

The Bolt was designed and engineered to give GM options. They`ll sell some, they`ll lease some, but they`ll also plug the Bolt into GM`s Maven mobility division and into its partnership with Lyft for ride-hailing. They`ll build in self-driving technologies developed both in-house and technologies acquired through the company`s purchase of Silicon Valley startup Cruise Automation.

For a decade, Tesla has given us the car of the future: a sexy, high-performance, networked, and lately semi-self-driving luxury electric car. Last year, Chevy brought us the new car of the future: relatively inexpensive, with decent performance, also networked, and most importantly, plugged into multiple business models. Oh, and it`s manufactured at massive industrial scale in the USA.

The Bolt has been on sale in California and Oregon since last year and should appear in the Northeast in a few months. Thus far, sales have been limited, about 1,000 a month. We`ll see if that number improves when the car is more widely available. (If you find yourself at the New York Auto Show over the next few weeks, you can check out the Bolt live and in person at the Chevy booth.)

We were lucky enough to get our hands on a well-optioned 2017 Bolt Premier, tipping the cost scales at 43,015 (Chevy is offering only two trim levels of the car, the LT being the base version). We`d driven pre-production versions of the vehicle, but this was our first crack at sampling its talents in the wilds of the New York-New Jersey area.

Here`s how it went:

Photos by Hollis Johnson.

SEE ALSO: The Chevy Bolt still doesn`t compare to Tesla`s Model 3

The base Bolt is 37,495, which means that a 7,500 federal tax credit drops the price to just under 30,000. Our tester was the Premier trim, which starts at 40,905. Once some options were added, we were looking at about 43,000.



Our Bolt was "Summit White" and sported the familiar Chevy bow-tie badge.



The Bolt was envisioned by the carmaker`s Korean studio, a lab for the company`s small-car platforms. Because it was engineered around its large, 60 kWh LG battery pack — which provides actual structural integrity to the car — the Bolt is distinctive within GM`s global lineup. That said, it does have that compact-crossover-hatchback look.



See the rest of the story at Business Insider

ori robotic furniture system 4

A startup based out of Boston wants to make micro-living a little more luxurious.

Ori — named for the Japanese art of origami — makes a furniture system that transforms small spaces for sleeping, entertaining, and working. The high-tech armoir holds a full- or queen-sized bed, closet, desk, media center, and additional storage, and slides on mechanized rails to reveal different parts of the system. Apartment-dwellers can make their bedroom appear with the push of a button, or push the whole system to the wall to create space for guests.

In May, the company partnered with real-estate developers in 13 cities, including Boston, New York, San Francisco, and Vancouver, to bring the Ori system to select studio apartments as part of a pilot program. It expects to install 1,2000 units across North America through 2018.

Ori founder and CEO Hasier Larrea told Business Insider the shape-shifting furniture system aims to provide the experience of luxury when people don`t have the luxury of size.

ori robotic furniture system 3

During a demo in a San Francisco studio apartment, Larrea called to an Amazon Echo device and asked it to get his bedroom ready. The system glided five feet out from the wall, exposing a full-sized bed underneath. With a tap on the unit`s touch interface, the bed slid into storage and created the illusion of a walk-in closet between the wall and the unit.

It uses about one-tenth the electricity of a hair blow dryer, according to Larrea. And if the power goes out, the system can be moved manually (though it might be a two-person job).

The unit is clunky, but versatile. The shelving is made from plywood, rather than the cheap foam board you find in IKEA products. It has simple, modern finishes — an indication of Ori`s partnership with industrial design firm Fuseproject, which helped create the look.

ori robotic furniture system 5

Larrea hopes to someday license the technology to architects so they can make the system their own. He envisions Ori products in dormitories, offices, and hospitals.

"The systems and robotics that we`re building prove that a 300-square-foot apartment could have the functionality of an apartment twice the size," Larrea said.

Check out the Ori furniture system in action in the video below.

SEE ALSO: I bought a bed from the Target-backed `Warby Parker of mattresses` and I`ll never buy one in stores again

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NOW WATCH: Remarkable photos show crazy micro apartments around the world

Wonder CEO Andy Kleinman

Andy Kleinman thinks the well has run dry for smartphones.

He’s not necessarily wrong. The phone market today is led by Apple, Samsung, a handful of Chinese companies with little Western presence — and that’s about it.

Few companies make big profits. And the devices themselves have become commodified to the point where fans’ most passionate disputes now concern display bezels.

Kleinman’s solution, then, is to go niche. He’s spent the past two years building a new startup called Wonder, which is aiming to build a number of devices, new phone included, aimed specifically at video game enthusiasts.

The Los Angeles-based company has largely been working out of the public eye, but on Tuesday announced that it has raised 14 million to date. That includes a recently-closed Series A round of funding led by Grishin Robotics, a Russian VC firm focused on the Internet of Things, and TCL, a Chinese manufacturer behind select Roku TVs and various smartphones. Kleinman says the latter will help Wonder with manufacturing and distribution.

In a press release, Wonder says its first product will be “a new type of portable hardware device that might be considered a hybrid between a powerful smartphone and a gaming console.”

Kleinman declined to share more specifics in an interview with Business Insider, but a source familiar with the company’s plans described the product as a large, high-end mobile device that will work with a number of accessories aimed at making it more useful for gaming. That will include a dock for use TVs, the source said, which helps the device function somewhat like Nintendo’s Switch console. All of this is based on Android.

Kleinman has previously said the company is interested in virtual reality tech as well.

There is plenty of reason to be skeptical of a project like this. But Kleinman and Wonder do have some relevant experience: Kleinman has previously had stints at mobile game makers Scopely and Zynga, while a LinkedIn search shows veterans from HTC, Activision, Sony, and former Android modder Cyanogen holding prominent positions at the company.

Kleinman says there’s at least 50 people working directly on the project today, but that the company is actively growing. Investors in Wonder are similarly diverse, ranging from Silicon Valley types like Joe Lonsdale’s 8VC firm to entertainers like Kevin Spacey and Shakira.

Reasons to doubt

In any case, starting from scratch in a saturated smartphone market is extremely difficult. Making a mobile device aimed at gamers may be even harder.

Wonder startupKleinman speaks frequently about how Wonder will focus heavily on the community of enthusiasts it wants to build, but it’s not obvious that the game-playing public wants gaming devices not made by Sony, Microsoft, or Nintendo in the first place. Multifunction gaming devices like the Nokia N-Gage and Sony Xperia Play have bombed spectacularly, as have alternative consoles like the Ouya. (Former Ouya CEO Julie Uhrman says she is currently an advisor to Wonder.) These are not names you want your stuff to evoke. 

If Wonder does manage to find demand, then the challenge, as always with video games, becomes software. Android-based gaming devices like the Nvidia Shield have carved out some niche, but offer a significantly smaller selection of games than a console like the PlayStation 4. They also live in a market far away from the iPhone.

Wonder, for its part, is promising “exclusive software, services, and content,” and Kleinman says the company is meeting with “big, small, and medium” gaming companies to make that happen.

The results of that will have to be more involved than Scopely’s brand of casual games, however, for Wonder to have any chance with the hardcore crowd Kleinman is targeting.

Not for everybody

For now, it`s not clear what Wonder`s device even looks like — or where it will be sold — so there`s still plenty of room for speculation. But Kleinman’s belief that future smartphones have to be significantly differentiated to survive is sensible.

“If you think about cars, for example, it started as a basic method of transportation, and over the years it started becoming more about — there are different sizes, there are different colors, there are different levels of luxury, different speeds," Kleinman said. "People started to get whatever they identified with the best.

"And so I think we’re here. If there’s going to be 4 billion people with a smartphone in the next couple of years, it doesn’t make sense that everyone has something that looks exactly the same. It makes sense that people have experiences more unique to who they are.”

Andy Rubin Essential PhoneWonder’s plan to cater to its niche exclusively is what Kleinman thinks will separate it from other new hardware startups like Andy Rubin’s Essential, which unveiled a new Android phone last month.

“I`ve never said, ‘Okay, Wonder is going to go straight up and compete with Apple, or Samsung, or Google in the same place.’ It’s not the same thing. We’re focused on something specific,” Kleinman said.

Kleinman says the company has started production, and that it’ll slowly reveal details about the device to those who sign up for an "Alpha program" on its website. A full reveal will then come before the end of the year.

Whether the result will be something appealing enough to attract the enthusiasts Kleinman wants — and whether enough people even want to trade their iPhones for a different device at all — is an open question.

SEE ALSO: Sony made an 800 phone with extravagant features you won`t find in any iPhone or Galaxy phone — here`s what it`s like

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NOW WATCH: I’ve been using the new iOS on my iPhone — here are the new features that impressed me the most

The Internet promised us a perfect market--that is, one where there are many buyers and sellers with full information who freely and effortlessly strike deals unfettered by rules and regulations. But did it also give us a perfect monopoly?
WASHINGTON (Reuters) - The United States on Thursday imposed sanctions on two Chinese citizens and a shipping company for helping North Korea`s nuclear and missile programs and accused a Chinese bank of laundering money for Pyongyang.
Spanish authorities have shut down a suspected ISIS terror cell on the Spanish resort island of Mallorca in a series of raids across Europe.

Serial entrepreneur Elon Musk is making headway on his plan to dig tunnels underneath Los Angeles.

Musk tweeted Wednesday that the Boring Company, his latest venture led by SpaceX engineer Steve Davis, had begun digging under LA`s Interstate 105.

Here`s what you need to know about the project:

boring company photo

Musk said on Twitter in December that he wanted to build a tunnel boring machine because LA traffic was driving him "nuts."

Musk, however, was considering building a tunnel even before he got stuck in LA traffic.

Hawthorne City Manager Arnie Shadbehr told The Los Angeles Daily News in January that Musk had been working with city officials for a year to build a bridge or tunnel.

Musk wanted to use a bridge or tunnel so that employees could easily cross Crenshaw Boulevard, which separates the SpaceX parking lot from the SpaceX campus building, Shadbehr said.

In fact, Musk tweeted about his plans for a tunnel just a few hours after three SpaceX employees were hit by a car crossing Crenshaw Boulevard after a day`s work, NBC Los Angeles reported at the time.

Boring company Skate

Musk doesn`t need permission to dig on the SpaceX property, but will need permits and more extensive approval to extend the tunnel beyond the SpaceX property line.

The Boring Company has completed the first segment of the project on SpaceX`s property, Musk said Wednesday.

The Tesla and SpaceX CEO`s ultimate goal is to build as many as 30 layers of tunnels beneath Interstate 105. Musk has said the tunnels would transport cars on an electric skate and could even accommodate a Hyperloop.

The skate would propel cars through the tunnel at a maximum speed of 130 mph — fast enough to get from Westwood to Los Angeles in five minutes, Musk said.

Musk said last Monday that he had "promising conversations" with Mayor Eric Garcetti about the project.

Los Angeles is contemplating the addition of an express train that would travel between Los Angeles International Airport and Union Station, a main transit hub that connects Los Angeles to distant suburbs. 

Garcetti said he was considering using Musk`s tunnel to support the rail connection.

lax

Musk is juggling quite a few projects on top of the Boring Company, including Tesla`s upcoming Model 3 launch and the rollout of a solar roof product. He also launched an artificial-intelligence company, Neuralink, while being the CEO of SpaceX and Tesla.

But Musk said the Boring Company was taking only "2 or 3 percent" of his time. Interns and Tesla employees are working part-time on the project.

Tunnel-boring is a notoriously expensive process. The Boring Company is looking to cut down costs by building a machine that can dig and place reinforcements in the wall at the same time, Musk said. Tunneling machines traditionally dig for half the time and then go back to add reinforcements, a longer and costlier process.

Musk said the Boring Company would also cut costs by improving the power and thermal limit of its tunneling machine by "a factor of four or five."

"We have a pet snail called Gary. ... So Gary is capable of currently going 14 times faster than a tunnel boring machine," Musk said. "We want to beat Gary. He is not a patient little fellow, and that will be victory."

SEE ALSO: An ex-Tesla exec reveals how the company is transforming itself into a data powerhouse

Join the conversation about this story »

NOW WATCH: Elon Musk says the first Boring Company tunnel segment is complete

Game of Thrones

There are a lot of great titles coming to your favorite streaming services in July.

You can decide for yourselves if the critics were wrong and titles like “Ghost in the Shell” and “Snatched” are any good. And there are a bunch of “Star Trek” movies coming to Amazon and Hulu to help fill the void until "Star Trek: Discovery" arrives in October.

But let’s face it, you all are waiting to start season 7 of HBO’s “Game of Thrones,” which will kick off July 16. Thankfully, the wait is almost over.

Here`s everything coming to your favorite streaming platforms in June. We`ve highlighted some standouts in bold:

SEE ALSO: The 15 best `80s songs from Netflix`s new show "GLOW"

iTunes

Available July 4

“The Boss Baby”
“Free Fire”
“The Promise”

Available July 11

“Ghost in the Shell”
“Gifted”
“Going in Style”

Available July 18

“Colossal”
“The Circle”
“Slight”

Available July 25

“Snatched”
“The Lovers”
“King Arthur”



Amazon Prime

Available July 1

“1 Dead Party”
“14 Women”
“18 Swirling Riders”
“The 28th Day: Wrath of Steph”
“48 Hrs.”
“8 Heads in a Duffel Bag”
“Abolition”
“Agent Cody Banks”
“Air: The Musical”
“All American Zombie Drugs”
“Amnesiac”
“Another 48 Hrs.”
“Appetite”
“Area 51”
“The Artworks”
“Assassin of the Tsar”
“Bandits”
“Big Foot Wars”
“Blind Heat”
“Blood Moon Rising”
“Blood Reaper”
“Boomerang”
“Boricua”
“Braveheart”
“Breakfast at Tiffany’s”
“Bull Durham”
“Bumblef**k, USA”
“Bunnyman Massacre”
“Carne: The Taco Maker”
“Carnies”
“Charlie and the Chocolate Factory” (2005)
“Clear and Present Danger”
“Cold Mountain” 
“The Corrupted”
“Crystal River”
“Cutthroat Island”
“Day We Met”
“Dead Evidence”
“Death Wish IV: The Crackdown”
“Destination Vegas”
“Dilemma”
“Dirt Merchant”
“Dragonblade”
“Dream a Little Dream”
“Drunk Wedding”
“The Eagle and the Hawk”
“Eight Men Out”
“Elephant”
“The First Wives Club”
“Flashdance”
“Flipping”
“Fly Me to the Moon”
“Foreign Fields”
“Frankenstein Reborn”
“Free Money”
“Frozen Kiss”
“G Men from Hell”
“Gene-Fusion”
“The General”
“Get Well Soon”
“Ghost Bride”
“Godsend”
“The Good, the Bad and the Ugly”
“Gunshy”
“Hazard Jack”
“Hobgoblins”
“House Of The Dead”
“House of the Dead 2”
“The Hunt For Red October” 
“Intimate Affairs”
“Into the Fire”
“Jack in the Box”
“Jezebeth”
“Jingles the Clown”
“John Grisham`s The Rainmaker”
“Johnny Guitar”
“Killing Ariel”
“Killing Zoe”
“Kingpin”
“The Last Word”
“Lazarus: Day of the Living Dead”
“The Letter”
“The Little Kidnappers”
“Little Red Devil”
“Lost in Siberia”
“Lovin Molly”
“The Lucky Ones” 
“Manhattan”
“Married to the Mob”
“The Matrix Reloaded”
“The Matrix Revolutions”
“Meeting Spencer”
“Metamorphosis”
“The Midnight Meat Train”
“Model Behaviour”
“Morning Glory”
“Mortem”
“Moscow Heat”
“My Bloody Wedding”
“Nerve”
“New Order”
“Paradise Lost”
“Payback”
“The Peacemaker” 
“Pi”
“Pootie Tang”
“Postmortem”
“Rescue Dawn”
“Rosemary`s Baby”
“Scrooged”
“Star Trek II: The Wrath of Khan”
“Star Trek III: The Search for Spock”
“Star Trek IV: The Voyage Home”
“Star Trek IX: Insurrection”
“Star Trek V: The Final Frontier”
“Star Trek VI: The Undiscovered Country”
“Star Trek VIII: First Contact”
“Star Trek Vll: Generations”
“Star Trek: The Motion Picture”
“Suicide Kings”
“Up in the Air”
“Wild Wild West”
 
Available July 4

“The Curious Case of Benjamin Button”

Available July 5

“Snowfall” (Season 1)
“Suits” (Season 7)

Available July 6

“The Assignment”
“The Salesman” (Amazon Original)
“Under the Gun”
 
Available July 7

“Begum Jaan”
 
Available July 8

“Our Kind of Traitor”
“Sliding Doors”
 
Available July 9

“Its Gawd!”

Available July 13

“Mr. Robot” (Season 2)
 
Available July 14

“Antarctica: Ice & Sky”

Available July 16

“Game of Thrones” (Season 7)
“Salvation” (Season 1)

Available July 17

“The Strain” (Season 4)
 
Available July 19

“Miss Sloane”

Available July 21

“Niko and the Sword of Light” (Season 1, Amazon Original)

Available July 23

“Insecure” (Season 2)
“Ballers” (Season 3)

Available July 28

“The Last Tycoon” (Season 1, Amazon Original)
“Chef”
“The Living Dead” (Season 1)
 
Available July 31

“Jeepers Creepers”



Hulu

Available July 1

“48 Hours”
“8 Heads in a Duffel Bag”
“Altered States”
“Another 48 Hours”
“Area 51”
“As I Am: The Life and Times of DJ AM”
“Bandits”
“Beverly Hills Ninja”
“The Blob”
“Boomerang”
“Braveheart”
“Bull Durham”
“Cat O’Nine Tails”
“Clear and Present Danger”
“Click”
“Coma”
“Dark City”
“Dead Calm”
“Death Wish IV: The Crackdown”
“The Devil’s Advocate”
“Divine Secrets of the Ya-Ya Sisterhood”
“Dream a Little Dream”
“Drunk Wedding”
“The Eagle and the Hawk”
“Eight Men Out”
“Encino Man”
“The Fan”
“The First Wives Club”
“A Fistful of Dynamite”
“Flashdance”
“Fly Me to the Moon”
“Free Money”
“The Furies”
“Get Well Soon”
“Godsend”
“The Good, the Bad and the Ugly”
“House of the Dead”
“House of the Dead 2”
“Hudson Hawk”
“The Hunt for Red October”
“John Carpenter’s Vampires”
“John Grisham’s The Rainmaker”
“Johnny Guitar”
“The Juror”
“Killing Zoe”
“Kingpin”
“Kingsglaive: Final Fantasy XV”
“Kit Kittredge: An American Girl”
“La Bamba”
“Les Miserables”
“The Letter”
“Lost Souls”
“The Lucky Ones”
“A Man Alone”
“The Mangler”
“Manhattan”
“Married to the Mob”
“The Mask”
“The Midnight Meat Train”
“Misery”
“My Dog Skip”
“Needful Things”
“Nerve”
“Payback”
“The Peacemaker”
“A Perfect Murder”
“Pootie Tang”
“The Presidio”
“The Professional”
“Reasonable Doubt”
“Rescue Dawn”
“Riding in Cars with Boys”
“Road House”
“Rosemary’s Baby”
“Rustler’s Rhapsody”
“Sacred Ground”
“Santee”
“School Daze”
“Scrooged”
“Sense and Sensibility”
“Sniper”
“Star Trek II: The Wrath of Khan”
“Star Trek III: The Search for Spock”
“Star Trek IV: The Voyage Home”
“Star Trek IX: Insurrection”
“Star Trek V: The Final Frontier”
“Star Trek VI: The Undiscovered Country”
“Star Trek VIII: First Contact”
“Star Trek VII: Generations”
“Star Trek: The Motion Picture”
“Suicide Kings (1997)”
“Syriana”
“The Tall Stranger”
“Teenage Mutant Ninja Turtles”
“Teenage Mutant Ninja Turtles 2”
“Teenage Mutant Ninja Turtles 3”
“The Pursuit of Happiness”
“The Water Horse”
“To the Arctic”
“Top Dog”
“Top of the Food Chain”
“Up in the Air”
“Walking Tall”
“The Witches”
“Wolfen”

Available July 4

“Jonah: A Veggie Tales Movie”

Available July 5

“The Eric Andre Show” (Season 4)
“Prince Avalanche”
“The Sorcerer and the White Snake”

Available July 6

“Under the Gun”

Available July 7

“Pure” (Season 1)

Available July 8

“Our Kind of Traitor”

Available July 9

“Sliding Doors”

Available July 10

“Blood, Sand & Gold”

Available July 12

“The Bold Type” (Series Premiere)
“Humpday”
“Melancholia”
“Talladega Nights: The Ballad of Ricky Bobby”

Available July 14

“Uncle Grandpa” (Season 4)
“Da Sweet Blood of Jesus”

Available July 16

“Inside Job”

Available July 19

“John Dies at the End”

Available July 20

“Tagged” (Season 1)

Available July 23

“Touch of Light”

Available July 24

“Guardians of Oz”
“Touch of the Light”

Available July 25

“Midnight, Texas” (Series Premiere)
“Somewhere Between” (Series Premiere)

Available July 26

“Good Ol’ Frieda”
“Oxford Murders”

Available July 28

“Betch” (Season 2)

Available July 30

“96 Souls”

Available July 31

“Jeepers Creepers”



See the rest of the story at Business Insider
BRUSSELS (Reuters) - U.S. Defense Secretary Jim Mattis said the United States and its NATO allies likely drew down its big troop presence too quickly from Afghanistan, but he vowed to stick with the war, refusing to put a date on when it might end.
WASHINGTON (Reuters) - U.S. President Donald Trump will meet with Russian President Vladimir Putin on the sidelines of the Group of 20 summit in Germany next week, a senior White House official said on Thursday.

The independent Egyptian band Cairokee to perform along with Lebanese artist Tania Saleh in London in celebration of the Arab contemporary culture.

Cairokee to launch their latest album No’taa Beda or ‘A Drop of White’ as part of Shubbak Festival starting on 1 July until 16 July. The concert to take place on Saturday 1 July at the Barbican Centre in London.

Cairokee is a rock band that was established in 2003 yet gained its popularity in 2011, during the 25 January revolution, when they released their single Soot Al Horreya or The Voice of Freedom.

Tania Saleh is a Lebanese singer and visual artist; she creates an original mix of Lebanese tarab and mawwal, a special kind of old poetry, or singing, with language between local colloquial and classical Arabic, flavored with folk, alternative rock and jazz.

The Shubbak or Window is London’s largest biennial festival of contemporary Arab culture. It brings glossary of artists to sing and perform together in celebration of the Arab contemporary culture. Concerts, performances, screenings, debates, exhibitions and installations from over 100 international artists, as well as over 30 artists are hosted in the festival.

“Shubbak connects London audiences and communities with the best of contemporary Arab culture through ambitious festival programs of premieres and commissions of visual arts, film, music, theatre, dance, literature and debate,” according to Shubbak.

As a charity it aims at connecting people through a celebration of the Arab heritage artistry in music, art, visual art and performances.

Music has played a significant role in mirroring the Arab contemporary culture bringing more to the lyrics than just rhythmic versus, yet music has been politically-inspired mingling with people’s experiences.

There`s a Chinatown in every major city in the world, such is the huge footprint of Chinese people who have left the motherland for a life elsewhere.
Moscow responded "negatively and with regret" to the European Union`s decision to extend economic sanctions on Russia, according to Russian state news agency RIA Novosti, quoting the Kremlin.
Japan plans to put a man on the moon around 2030, according to a new proposal by the government`s Japan Aerospace Exploration Agency (JAXA).
Northern Ireland could face the prospect of direct rule from London if its politicians fail to strike a deal over the country`s power-sharing executive Thursday.

On July 4, 1996, the Mars Pathfinder landed on Mars. Since then, NASA has had at least one robot studying the red planet, slowly uncovering its secrets.

Video courtesy of NASA. 

Follow Tech Insider: On Facebook

Join the conversation about this story »

An incredible video game is dominating the attention of millions, having sold over 4 million copies and amassed over 100 million in revenue — and it`s not even out yet. The game in question is named "PlayerUnknown`s Battlegrounds." 

playerunknown`s battlegrounds parachuting

How does a game that`s not out manage to make over 100 million in three months? Through something called "Early Access." It`s a section of the PC gaming storefront Steam — used by hundreds of millions of people — specifically made for game makers and publishers to sell incomplete games.

The idea is simple: A game maker puts out a game that`s playable, but still in development; players pay for the game early, knowing they`re going to see the game change over time as it`s in development. It can be an amazing experience, offering a means of funding for a game developer before their product is complete while also enabling players to see (and sometimes influence) the game`s progress.

"PlayerUnknown`s Battlegrounds" is one of these games — a so-called "Early Access" game on Steam — and it`s sold for 30. The current plan is to have the game "complete" and out of Early Access by later this year.  

Steam

But the game is also coming to game consoles. More specifically, "Battlegrounds" is coming to the Xbox One exclusively later this year. And that means that the 60-plus million PlayStation 4 owners either have to play it on Xbox or on PC. 

But the Xbox One is owned by approximately half the number of people who own the PlayStation 4. It stands to reason that it would make more sense for Bluehole Games, the studio that makes "Battlegrounds," to release the game on PlayStation 4 first, given its audience size advantage. At very least, it makes sense for the PlayStation 4 to get the game at the same time as the Xbox One.

But there`s a good reason that it`s only headed to the Xbox One for now: "The Xbox has the Game Preview program," the game`s creative director Brendan Greene told me during an interview earlier this month at the annual E3 video game trade show.

xbox one s

To be totally clear, it`s entirely likely that Microsoft also paid Bluehole Games for exclusivity of "Battlegrounds." But strictly from a logistics perspective, the Xbox One is the only home game console with a program anything like Steam`s Early Access. And that`s particularly appealing to Greene and his team.

"It allows us essentially to do Early Access on a console," he said. 

The game`s executive producer, Chang-han Kim, echoed Greene`s sentiment. "Our approach is to talk with our community as often as possible, to gain their feedback and iterate based off of that. That`s one of the main reasons we chose to go with Xbox One," he said. 

playerunknown`s battlegrounds

Indeed, that`s how "Battlegrounds" has been developed thus far. The game launched in Steam`s Early Access program back in March, and it`s received regular updates ever since — many of those updates based on player feedback. 

The plan for the game on consoles is similar, and there`s a good reason for that too: It allows the developers to tweak subtle elements of the game on that platform. There are huge differences between playing a game on a console and a PC — from control input (keyboard/mouse vs gamepad) to where you sit (2 feet away from a PC monitor vs 10 feet away from a TV). 

It`s these differences that Bluehole is aiming to minimize, and it`s going with the Xbox One first as a testbed — and it`s only able to do that because of Microsoft`s Game Preview program. 

"That`s one of the main reasons we chose to go with Xbox One. We definitely do have plans for other platforms, but no details have been finalized yet," said Kim. Stay tuned, PlayStation 4 owners!

SEE ALSO: A game that isn`t even out yet has already racked up 100 million in revenue

DON`T MISS: A game developer made over 100 million in 3 months — here`s how he`s spending his wealth

Join the conversation about this story »

NOW WATCH: Everything you need to know about `Battlegrounds` — an unfinished game that’s already made 60 million

LONDON (Reuters) - British Prime Minister Theresa May won backing for her policy program with a slender parliamentary majority on Thursday in the first test of her authority after an election setback and growing pressure on her Brexit and austerity agenda.

RTR29LCF"Titanic" director James Cameron, famous for creating innovative 3D filming techniques used in his colossal hit "Avatar," will try to revolutionize 3D technology once again with continued research into ways to make it glasses-free in theaters.

It`s not clear yet whether or not Cameron will be able to achieve his goal of creating glasses-free 3D technology for theater projectors, but it`s still a possibility ahead of the upcoming "Avatar" sequels.

Cameron has talked about glasses-free theater projection in the past. Last fall, while accepting an honorary membership from the Society of Motion Picture and Television Engineers, Cameron made the following statement:

"I`m going to push. Not only for better tools, workflow, high dynamic range and high frame rates — the things we are working toward. I`m still very bullish on 3D, but we need brighter projection, and ultimately I think it can happen — with no glasses. We`ll get there."

Cameron`s production company, Lightstorm Entertainment, recently renewed its 5-year contract with the light projection company Christie Digital Systems, according to The Hollywood reporter. Christie is known for supplying Lightstorm with RGB light projectors, considered to deliver top-of-the-line brightness and image quality, ideal for projecting 3D films. 

The renewal of Lightstorm`s deal with Christie, as stated by the press release on Christie`s website, is contingent upon the two companies sharing their collective 3D knowledge and developing new 3D technology together, one of those new technologies potentially being glasses-free projectors. Christie will also provide Lightstorm with its brand new RGB laser projection series that`s currently in the works, speculated to be key in creating this new glasses-free 3D tech. It`s unclear yet how exactly this new 3D technology will be made possible.

For now, the only thing that`s certain is that four — yes, four — "Avatar" sequels are on their way. 

SEE ALSO: Everything we know about the next `Avatar` movie

Join the conversation about this story »

NOW WATCH: A Navy SEAL explains what to do if you`re attacked by a dog

Nike

Even the world`s largest sportswear maker can`t deny the power of the world`s largest ecommerce platform.

Nike will begin selling some products on Amazon next month, but the deal isn`t necessarily about growing volume. Instead, Nike`s goal is to work more closely with Amazon to crack down on third-party sellers, according to The Wall Street Journal`s Laura Stevens and Sara Germano.

Nike is already the number 1 clothing brand on Amazon even though it does not sell directly on the website, according to Morgan Stanley research. Nike products are instead sold by unauthorized third party resellers, which Amazon still profits from by taking fees for facilitating the sale. Cottage industries have sprung up, with entrepreneurs buying up large stocks of Nike product to unload on the website.

“That’s how I make my money. Amazon is the No. 1 marketplace. Nike is the No. 1 brand,” said one such Amazon seller told The Journal. “If they’re not in bed together, that’s my opportunity."

As part of the deal between Amazon and Nike, Amazon will monitor its website and no longer allow third parties to sell Nike merchandise, the Journal reports. According to the WSJ, the initial amount of product it will actually offer on Amazon is small.

Still, cutting off the flow of reselling on Amazon will likely lead would-be Nike buyers to Nike`s own website or retailers like Foot Locker if they can`t find what they`re looking for on Amazon. This helps Nike better control its product and how it appears on Amazon — a marketplace with large exposure to potential customers and usually the first place customers search when looking to shop.

This fits with Nike`s broader plan to tighten its grip on brand and image as it focuses more on direct-to-consumer and moves away from wholesale.

SEE ALSO: Nike is taking a page right out of its biggest rival`s playbook

Join the conversation about this story »

NOW WATCH: HENRY BLODGET: This chart explains everything that`s wrong with the economy today

Saudi Arabia has denied a report that former crown prince Mohammed bin Nayef, who was ousted as next in line to the throne last week, is being held under house arrest.
"A new wave of freshness is coming from Africa and everyone is copying," says trained architect and photographer Alun Be, who wants to use his work to change people`s perceptions of Africa.

The Grand Tour

Amazon will pay you 10 to watch one of its Prime shows or movies on your TV, if you haven`t already.

If you`re a Prime member, all you have to do is sign into the Prime Video app on devices like a smart TV, gaming console, Fire TV, Roku, and so on. Then watch a video. That`s all. In return, you`ll get a 10 credit on Amazon, which you have to spend by the end of Prime Day on July 11.

This move shows how much Amazon wants its Prime Video service to compete for your premium video time. The tech giant is set to spend a whopping 4.5 billion on content this year, according to JPMorgan, which would make it a major player in the industry, and vault it toward Netflix`s 6 billion content spend. It`s also offering the ability to subscribe to premium channels like HBO and Showtime through Prime.

And if Amazon is spending 4.5 billion, it wants to make sure people are actually watching the stuff.

Earlier this month, Apple announced that Prime Video would be coming to Apple TV "later this year," squashing a long-running standoff between the two companies. Amazon has been notoriously frosty with its competitors in the streaming video space, and still doesn`t have an app on Google`s streaming devices, like Chromecast. But the Apple deal could speak to a warming, and an intent by Amazon to get its app on every streaming device.

Whether it`s getting Prime Video on the Apple TV, or literally paying you 10, it`s clear that Amazon is trying to get its shows and movies on your living room screen.

Here are the instructions on how you get your 10.

SEE ALSO: AMC wants you to pay 5 a month to watch its shows like `The Walking Dead` without ads

Join the conversation about this story »

NOW WATCH: Here’s the first trailer for `Inhumans` — the Marvel movie that was turned into a TV show

Elon musk`s Boring Company is officially up and running. Musk has said that their machine, Godot, has begun digging under Los Angeles. 

"No longer waiting for Godot. It has begun boring and just completed the first segment of tunnel in LA," Musk said.

Musk said he has had "promising conversations" with Mayor Eric Garrett. But the company must secure permits to dig beyond the SpaceX parking lot. 

Join the conversation about this story »

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