he's tired or what's deemed material is what's important. if he has a material injury, obviously he would have to disclose that to us. we would disclose it to investors. people are investors in fantex, not vernon davis. he has a contract with us. if he's working on a deal or doing something material to the future cash flow stream then he obviously shouldn't and won't disclose it to other people. >> how many more years do you see yourself playing tight end? >> until i can't play anymore. >> any idea? >> only time will tell. i'm not in a rush. i love the game of football. i em are brace it. it's something i have been doing my entire life. i look forward to playing for a long time. >> do you like being a stock? >>i like being a security.

it's fun, exciting. >> vernon davis on a field near you and trading on the fantex exchange. thanks for being with us. >> thanks for having us. >> back to you, carl. >> great stuff. good morning. it's 8:00 a.m. outside the pandora shareholder meeting. 11:00 a.m. in manhattan. "squawk alley" is live. ♪ welcome to "squawk alley" this morning. joining us, the cofounder of elevation partners. welcome. >> always a pleasure, carl. >> jon fortt is off.

kayla is here. ahead of a busy day. busy morning already. first up, chinese state immediate kwa attacking u.s. tech companies calling on beijing to punish severely the pawns of the u.s. government from monitoring china and stealing secrets. the comments come from the people's daily. they call out apple, google, microsoft, facebook among others. this echoes attacks by chinese media in the wake of the disclosures by contractor edward snowden. we have talked about a trade war and people fanning the flames. this doesn't help. >> it doesn't. china being the world's largest, most andly growing market and soon in dollar value the most valuable market. it's not a place you want to be cut out of. we are in a much more difficult situation. we no longer have the moral high ground. we can't sit there and go, wait a minute. this is unfair. they look back at us and go, excuse me, but some other things

are going on that you guys have been doing. i'm concerned. i don't know exactly what it means. but i do know it will be complicated. >> i remember covering facebook's road show a couple of years ago. the question executives got was how they grow in china given that they were blocked there. cheryl sandberg said over and over, it's up to them. when you see comments like this, do you lose hope that a company like facebook or twitter will have access to the market? >> i think facebook made a moral choice in not pursuing china the way others pursued china. they concluded that you can't be facebook if there isn't free sharing of ideas and the ability for things to come into the system. i think for google, where it's less complicated, now it's suddenly become complicated. for yahoo! microsoft, apple. it's complicated. it's an important market. we have ali baba coming the other way. if you will, this is -- this has a chance to get ugly.

it is an extraordinary company. i think certainly amazingly valuable. even if you discount it for the restrictions on capital flows out and the other constraints china will impose. >> that's a company critics say, okay, this is a commerce company. this is e commerce, the pure play buying and selling of goods, not necessarily content. even though they are starting to move in that direction. >> that's a fair point. in a trade war, even the piano players typically come into the battle, right? so there are chips on both sides. china isn't doing this, i think lightly. they have thought about it. >> sure. >> there is a strategy. they know their most important company is about to go public. there has to be somebody in there going, wait a minute. what if the u.s. goes maybe not so fast, right? i'm terribly worried about this. it doesn't help anyone. >> it's not just content

restrictions. there is a ban on buying hardware from vendors. i would love to climb everest one day. does tech consider this everest where they will get to base camp but it's unlikely to see the sun? >> the thing that's hard for tech companies is they were focused on industrial espionage in china and not government sponsored espionage in the united states. everyone i know whether it's google, apple, microsoft, they are all, i think spending 24 hours a day trying to figure out what are we supposed to do? i don't think there is an obvious answer if you are running a business there. what i know is this will affect people's growth rates. how much? hard to say. what i hope is it's a political positioning thing that can be resolved diplomatically. there are a lot of smart people working on it. i hope they come up with an answer quickly before it becomes an issue for us as investors. >> let's talk about apple. the wd are c continues in san francisco. we talked last week. your point was don't change.

people will pay you like a utility not to change in big dramatic fashion. >> the opportunity for apple is in the cloud. if they view it as a different platform the way they viewed ios as a different platform for the mac they will be successful. they are behaving like microsoft where they are treating the cloud as an accessory or peripheral to ios in the macintosh the way they took skype and made it part of windows. you know, the opportunity now is to think about the world differently. recognize there are devices everywhere. what apple announced here is important. there are a number of cloud initiatives that if they do them properly will be successful. what i'm worried about is they have increased complexity a lot. they are getting away from strengths. the software of the last couple of years has not been as good as it was before. the notion they will implement these things perfectly is improbable. as a stock, i don't care.

it's the most attractive graham and dodd value stock in the united states. >> you said last week you think it is a steal right now. >> i can't believe it. people are correct to worry about the strategy. the beat steal to me, i'm going this is like polishing the arms on the deck chairs of the titanic. who cares about music? it doesn't matter. jimmy ivy is the smartest guy in the music business. when the smart guy is a seller, i want to be a seller, too. >> you don't think they are late to the cloud game? >> no. they're apple. >> they have had icloud around. >> it's a terrible product. if icloud worked as well as ios did, it would change everything. cloud things should be easy. today they are hard. even the best products. things like dropbox are harder to use than they ought to be. if apple put the best people on it and said this is the new platform. this is the new product.

it is eventually going to be bigger than ios, bigger than the mac which it would be. then the stock one $2,000 a share, right? the opportunity is so big they get a big multiple on a lot of earnings. >> speaking of retail investors in apple, they are conditioned to wait for hardware. is that where their head should be? >> based on apple's strategy, that's correct. apple is sitting there essentially telling you, we are making you new software in order to sell you new hardware. the problem was i thought the iphone 5s is a great product. the fingerprint identification is the most important innovation we have seen since the first iphone. the problem is the improvements in hardware are small. how do you top what's out there? the only way to do it is making the cloud work better. apple has smart people. they are one good night's sleep away from getting it right. they have the tools.

they just need a good night's sleep. >> stay with us. we want to move on to pandora. the stock down on this ruling from the justice department about music royalty rates. of course it comes as the annual shareholder meeting is wrapping up. julia boar sten has more on that. hi. >> hi, carl. this is that's right. billions of dollars in royalties at stake as the justice department reviews old music licensing rules that haven't changed since the beginning of world war ii. after a 60-day public comment period coming up, higher rates could hurt pandora's bottom line. this after a two-year legal battle between pandora and licensing groups ascap and bmi which collect close to $2 billion in annual royalties. they says it is unfair that the government mandates they license to all music outlets. they want flexibility for the new era. pandora reported listening hours in may grew 28% while the number of active listeners grew to 77

million and 9% increase. though pandora has shown consistent growth, more listene listeners bring higher fees. the majority of streaming is free and add supported, growing licensing costs drove the add-free subscription cost higher. at the annual meeting which wrapped up this morning the ceo fielded questions about how pandora plans to compete with new offerings out there like spotify. he cited the algorithm for personalized play lists. investors and music fans are watching the reports of a new streaming music service from amazon. those reports did hit pandora shares. carl? >> thank you very much for that. ronler, we talked about apple beats a moment ago. for pandora the monthly metrics are a shiny toy for hedge funds for a long time.

that's going away. due it change the way you approach the stock? >> radio is a different product from a play list. there are a lot of circumstances where radio is by far the best thing available. particularly in offices and things like that. you don't want to think about what to play next. i think the position in the marketplace is secure. the other thing is they are one of the most important contributors to the economics of the music industry. pandora will wind up with a negotiated settlement with the industry. they are not going to be paying the listed rates for very long. the same way spotify isn't. i look at this and go, i don't think pandora will make your life better by beg an investor. it may be a decent stock. it's not going away. this is a good company with a great brand, really good technology and a category i couldn't care less about. they are not going away. people shouldn't worry.

these are smart people. >> the government has a delicate cannes dance to do here. they do want to protect royalties and the end artist, but they want to protect the end user and make sure products don't get more expensive. pandora has proven every time they have to the pay more money they pass it to the consumer. do you think that goes away? >> i don't know. do i know that the government's handling of copyrights and patents has been dreadful for at least 30 years. >> across -- >> every category. it's horrific. it's hurt the economy, consumers, technology. if they would just stop we'd be wildly better off. i say this as somebody -- i'm a member of ascap. i have written hundreds of songs. i have been paid for royalties and all of that. i'm doomed. i know it. >> as an artist? >> as an artist. that horse has left the barn. there is nothing we can do about it. attempting to protect the royalties of the beatlele s andl

of that strikes me as a not useful activity for judges and our government to be involved in. i wish they would figure out whether it's okay for the government to spy on companies and consumers. those are actually real issues that affect the economy. music has lost so much share of entertainment it doesn't matter anymore. >> the ghe thetto of entertainm >> if jimmy is a seller, i'm a seller. >> your band moon alice has two shows in california this weekend. you're on tour all summer. where is your free time coming from? >> what free time? the notion that somebody like me plays a hundred shows a year, i get to be chairman of the company reverb we talked about . >> downloads spiked last time you were on. >> number one in the app store last week thanks to you guys. the best news discovery app out there. i'm full time helping them build

the business. it's growing like a rocket. with cnbc's help. free time? what free time? >> who needs it? >> who needs it? i'm playing rock and roll. dude, this is the life. >> roger will stick around across the commercial break. squawk on the tweet today, tez la's ceo not satisfied with how far his competitors have come with electric vehicles. he's thinking of doing something, quote, kind of controversial. listen. >> contemplating doing something, you know, fairly significant on that front which would be kind of controversial with respect to tesla's patents. i probably want to write something so i can articulate it properly. and explain the reasoning for the decision. >> okay. brings us to this morning's squawk on the tweet. what controversial idea could musk have up his sleeve?

tweet us @squawk alley. we'll get to your responses later. scott has a news alert. >> a victory for the s.e.c. of sorts. and the controversial practice of settling a case without require aring an admission of guilt. remember a couple of years ago judge raykroft rejected a settlement between the s.e.c. and citigroup over mortgage-backed securities. a proposed settlement that didn't require an admission of guilt. the judge wanted to bes satisfied that his court wasn't used as a tool to enforce an unfair, unreasonable, inadequate agreement. the second circuit court of appeals said that ruling was in error. the judge applied the wrong legal standard. now the case will go back to that very judge who is declining comment. citigroup declining comment. the s.e.c. has not responded to our requests for comment. back to you. >> thank you very much. when we come back, cutting the

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a little moon alice for you today. welcome back. i felt a scary shudder go through my body and brain. i barely made it from the desk to the bed where where i lay for the next eight hours. i was thirsty but couldn't get water or turn off the lights. i was panting and paranoid, sure that when the room service waiter knocked and i didn't answer he'd call the police and have me arrested for being unable to handle my candy. that was maureen dowd describing her experience eating a pot infused candy bar in denver. the times has written about problems they are having getting use of the new regulations. maureen ate too much of the edible, more than she was supposed to. they are not labeled well. roger, do you have thoughts on what's going on? >> the united states has wasted an amazing amount of energy and

human capital fighting a war on drugs that we could mott win. it seems to me the rational thing to do is accept that cannabis at least has positive medical value. hemp has commercial value. they ought to exploit it. treat it like alcohol, tobacco and the other things that are age-appropriate. i look at america and i think we have a lot of real problems to solve. let's get the government out of the issues where we aren't going to win. fighting warses in countries we can't reach. fighting battles against drugs people will take and focus on, hey, china. right? the nsa. let's take things that if we do them right will make everybody better off. >> in the cnbc documentary, harry smith talked to people at candy bar shops and asked if they had eaten them. he said, no, we have to work. they are too strong. >> when you get down to it on all of the issues, these are

transitional. when change happens there is a period of adjustment. think about what will happen when driverless cars come. do you think the first day will be smooth? no major change in the population will be smooth. >> good point. speaking of change, good-bye, computer cables. intel wants your next laptop to have no wires at all. the company demonstrated a wireless display, docking and charging features they say will end the era of the power cord and usb cable. they are looking for a wire-free p.c. by 2016. we used to talk about a paperless world. that didn't happen. >> it's an admirable goal to make things truly more convenient for people. but they are talking about the personal computer. the personal computer is now a niche product. it's a big niche, but it is not a growth product. >> the only thing that's called now is the laptop.

the wireless p.c. is the laptop. all that doesn't exist is charging. revolutionize that and you could do it. >> some of us live entirely on tablets now. intel is a big player in tablets. from their point of view, if i were they i would be making sure there were no wires required for the tablet. that will be with people. phones will be with people. when those things don't need wir wires, now we are cooking. if you can have your phone charging any time you're not using it so it never runs out of juice, if they did that, it would not take long before they had me as a customer. >> people are saying, get this practical thinker off my screen. it's good having are you. you will come back? >> always! >> more often? >> just ask. >> roger, thanks a lot. >> my pleasure. thanks. >> when we come back, this breakthrough saving millions of dollars by updating old information. the ceo will tell us how it works and the hottest names in the best performing sectors. what solar stocks you should

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for local businesses big and small letting a phone number or address go steale online a problem. causing millions in lost business. enter yext helping companies manage their data, synching with yelp, yahoo! and facebook. the cofounder joins us this morning with news that you broke a few months ago. >> i'm happy to announce we have raised the $50 million financing from inside venture partners. this is going to help us expand quickly and do a bunch of cool new things. >> where are does expansion happen for a business like yext

that's primarily online, primarily intellectual property? >> there are 20 million business miss the united states,s 50 million worldwide. we work with 300,000 today. we have about 1.5% market share in the u.s. we'll expand quickly in the united states and hopefully abroad. >> the key function. i'm a small business owner. i mentioned stale phone numbers. is that the chief problem? >> there are all kinds of local data problems. yext wants to get perfect location information in every hand with geo marketing software. an enterprise like citibank could update a phone number or hours of operation during a hurricane and let people know what's open and when. it's small businesses and enterprises that kwus are us. >> high frequency data in that case. >> yes. >> there is nothing more frequency than going to yelp, calling the restaurant and it hasn't been a working number for years. >> right. we help folks find businesses. >> not just small business. i see you have 300 companies in

the fortune 500 that you call companies of yext. a lot of them are big. what's stopping them from building the technology in house now or in the future? >> in cloud computing, basically you are seeing folks replicating functions happening internally at a company and making it better, faster, cheaper. that's our thing. imagine trying to keep one listing. imagine 5,000 listings updated across 50 sites. >> where is the funding going? >> to expand our oh customer base from 300 fortune 200 companies, we hope to get to a million locations in the next couple of years. we'll go international into a bunch of countries this year. then asia in 2015. >> what percentage is international now? >> zero. we are 100% in the u.s., but focused on getting out there in q-4. >> do you have an international target? >> we eat get to canada, germany. >> will we see you go public? >> we are look at 2015.

this financing helps us stay independent for a long time. we think yext best serves the purpose of getting location information by being independent. this lets us become sustainable. >> we have been hearing that more often. thank you. >> cheers. >> let's bring in simon hobbs to walk us through the european close in a minute. >> we are low across the european markets. 18 countries of the euro zone grew 18.2% in the first quarter. there is survey data today that indicates the recovery is on rack in europe at a low level. center for everybody is the european central bank decision tomorrow at 8:30 our time. it's interesting that within the data we got today, ceos cut prices for a 26th month in a row. it's the deflation threat that the european central bank will focus on more than anything else. if you look at where we traded

so far, actually you can see the way there is a wait and see mode, flattening out across europe, even in germany. close to a record high as everybody waits for what the european central bank will do. the obvious thing to say when it's telegraphed so well, everybody will be disappointed it's priced in. that's obvious. the question is the rhetoric you get tomorrow about future meetings and probably whether you get a big liquidity injection which may not be factored in. the corporate level vw sold stock in order to fund the purchase of the truck maker. trades at $192.35 in frankfurt. finally in london where the conservative government of david cameron outlined what it will do for the next legislative session by giving a speech to her majesty the queen. within the speech she read in the house of lords or house of

commons today is they will speed up fracking in the uk so not every land owners has to say yes in order to have fracking on their soil. in the uk, the two leading players for fracking are riverstone or carlisle from this country working through. i would suggest it's easier to lobby a ruling party in the uk from a business perspective, particularly the conservative party to get your way than it might be here in the united states. >> a lot of evidence toward that. tomorrow will be crazy. >> or the ecb. >> get some rest. >> crazy or not. >> either way. thanks, simon. solar stocks have been making dramatic moves to the upside lately. that's likely to continue. jackie deangelis has names you may want to pay attention to. >> hey, good morning, carl. that's exactly right. we are many the mo jaif mojave

desert. behind me the solar star projects designed by sun power. when complete the facility will generate enough power to operate a city the size of rochester new york. that gives you an idea of the size and scale of the industry. where are the buys here? it depends on where you are in the value chain. analysts like companies with services to end users. they like the specialty component makers. raymond james likes a company called advanced energy industries. >> this company is the third largest are provider of oh solar inverters globally. and the inverter is the cash register of the solar system. this is not the panel. this is what connects the panel to the grid. it is a high margin business. >> raymond james also likes solar city. it's corrected about 30% from recent highs. it's the largest player in the u.s. residential market.

there is also sun power which had an epic run. the relationship with total is providing opportunities for the company in africa, the middle east and eastern europe as well. there are opportunities in this space. yes, we have seen hockey stick-like growth but analysts think it will continue. of course i have more on this on cnbc.com. the tours we did of the facility, great stuff, guys. back to you. >> very interesting. thank you, jackie. the open table for doctors appointments following in apple's footprint. how zocdoc and apple are more similaren than you may think. and tesla's ceo is thinking of doing something, quote, kind of controversi controversial. our squawk on the tweet today, what he could have up his sleeve. we'll get your answers later this hour.

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at apple's worldwide developer conference this week the tech giant announced it will be offering health kit to twopers to help them store, retrieve and present information from various health apps. zocdoc is the service that allows patients to find in network doctors and book appointments online. now launching a new service. the ceo of zocdoc joins us this morning.

good to have you back. good morning. >> thank you. >> what do you think of health kit? >> health care is the problem of the generation. it's great when consumer companies get into the game. we have seen apple, google and and microsoft trying to get to health care. we have seen apple and samsung now going after it. health care is a complex industry. largest in the world. $6.7 trillion. there are a lot of problems. in order to make an impact you have to take a lesson from steve jobs playbook to stay focused. literally laser focus. to the extent apple can make sure they focus on health kit and make sure it grows it can be a big success. >> i use zocdoc, carl does as well. where is growth for you? this is the open table of doctors appointments and yelp. you can rate doctors, grade them on wait time, bedside manner?

where else do you go? >> we want zocdoc across the united states. we want it across all 48 states by tend of the year. that's a big avenue of growth. zocdoc for business we are launching today. it's taking the marketplace. extending that to employees of the largest companies in america. enabling them to receive a lot of benefits. >> so that's a function of connecting with benefits, departments, right? h.r.? >> exactly. the problem is companies spend $600 billion a year on health care. they can save money. studies show if you spend a dollaren on wellness you can save $6. but no one engages with the wellness benefits. i'm sure you have a lot. >> don't ask me, i never look. >> he have single digit utilization percentages. so they can't benefit from the cost savings. what zocdoc does is increase engagement up to 60%. >> as an end employee that would be receiving some messages or communication from an employer what would it look like? what would i see on my phone or

by logging onto zocdoc? >> we'll make it easier for you to find doctors on the weekends or outside of business hours. it will save you time. it saves you money. 99% of employers go to the doctor in network. they avoid the emergency room. one in five appointments is urgent care in nature. they may have gone to the emergency room if they couldn't find the appointment on zocdoc. you will have better health. not everyone gets their annual skin screening before summer to check out the moles to make sure you are fine. we'll help you book your on-site shots and make you healthier. >> finally, where are you in the trajectory of signing up doctors themselves to be part of the service? >> things are fantastic. zocdoc is growing faster now than a year ago. people have caught on to realize this is the future of how people book health care. everyone in america over time will book their appointments online. we think it will be zocdoc.

>> nice to let doctors focus on serving patients, not building website. >> thank you for coming in. >> great to see you. >> let's send it over to domenic for a quick market flash. >> what's going on, carl? we are watching shares of apple as they head higher in a flat market. they ares crossing a $640 per share mark. some traders are taking note. others are watching a bullish trade in the options market. simply put, someone bought options that are betting apple stock will trade above the $700 level by october. remember, the record high for apple stock came september 21, 2012. that was an intraday high of $712 and change. we know some of apple's big product announcements come during the fall. someone is placing a $55 million bet that apple could test records again by mid october. for more on this apple story

check out cnbc.com. we have a lot more on the big options trade in apple stock. back to you. >> interesting story. thanks, d the om. for women it's got interesting background information. for men it could be a nightmare. behind the app that lets women rate the guys they have dated on a scale from 1 to 10. first rick santelli, who is a 10 in our eyes, what are you watching today? >> we are going through a form at least of oh normalization in the u.s. regarding fed policy, strategy and programs. but not so true in europe. it looks as though there may be a separation between the two super powers. but of course on a global economy there is never a divorce. the wild card today, may be basil fizzle. what's that mean? show up after the break to find out.

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coming up at the top of the hour, the moment of truth for the markets with the all eyes on the ecb. what will mario draghi do and how do you trade it? what's the it brand for today's youth? one wall street analyst said under armour and he said the stock is on the move. do traders agree? wait until you hear how much

money the king of pop is still generating five years after his death. a new book out called "michael jackson, inc." we'll talk to the author on cnbc coming up in a bit. >> thanks, scott. checking on the big movers on the nasdaq, seema mody is watching. >> broad com, the stock has been on the move since announcing that it is exploring strategic alternatives for the cellular business. drexel hamilton upgrading to a buy. googlele, amazon and ebay in focus. india is likely to allow foreign online retailers to sell their products as soon as next month which analysts say could be a multi billion dollar opportunity for the companies. that under the leadership of newly elected prime minister. a story i have been tracking closely. a quick mover, fuel cell energy. there is a lot of excitement around clean tech, alternative

energy. due to disappointing earnings, fuel cell tading lower. down about 8%. back to you. >> thank you very much. let's get to the cnb group in chicago. back above 2.6. hey, rick. >> by a whisker, yes. close to 261. this 16 basis point move in treasuries from a low yield close of 2.44 to the current level just shy of 261. it's creating a lot out there. let's think about it. we have maybe the most important ecb meeting tomorrow morning. we had a jobs number today in adp and the big enchilada of jobs on friday. it makes sense. there was a time when 15 basis points would happen on one nonfarm day. grow up, people. a little volatility. there is a dearth of it so far. it's really more the ecb. there may be a separation. as we normalize what's going on in the european central bank is

anything but normal. as a matter of fact, one of the bavarian finance ministers speaking on behalf of 418 saves banks said this. referring to the threat of negative deposit rates, he told german magazine "stern" we can say to savers now you must also pay a fine for your assets. sounds like the talk we had here in the beginning and interim period in innings of quantitative easings. savings, bankroll strategy. it wouldn't be bad if the strategies did what they were supposed to do. but the rest of this article points to the fact that they don't. what's the reference case? the united states of america. it doesn't end there. there is a lot of issues with the banks and the stability of europe that really are are going in a different are direction than the u.s. consider this. it wasn't that many days ago

that the bank of france basically put out with regard to the bmp fines that excessive fines could cause systemic risk. that doesn't make me feel better about the european banks' health. also, something out there that's really big. call it basel fizzle or basel to the bone. in the reuters news story an hour ago or so they said the federal reserve may scrap international measures aimed at assessing bank health in favor of imposing its own rules. yes, they are talking about basel, three, the capital rules. do you think this is because they are too tough on the capital of european banks? i don't think so. i think it is exactly the other way around. so all of the issues, just make tomorrow's meeting that much more important. 15 basis points to be exact. kayla, carl, back to you. >> thank you very much, rick. when we come back, it has over a billion ratings. just hope you don't have a failing grade.

we are talking to the founder of an app that rates men on a scale of one to ten. keep an eye on the s&p. 19, 26, 62 as it creeps into another intraday high. relax into child's pose. sfx: bing. who's got two hooves and just got a claim status update from geico? this guy, that's who. sfx: bing. and i just got a...oh no, that's mom. sorry. claim status updates. just a tap away on the geico app. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in...

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♪ hey, guys. how do you rate on a scale of one to 10? lulu is a private network for women where they can rate men they know and give them scores one to ten. it has more than a billion profiles used. alexandra, great to have are you. >> great to be here. >> walk us through it. >> essentially this is a private network for women. it does three things. first we let women review and share their opinions through quizzes. we let them essentially read and search for information. and the third is the topics and conversation can get access though that anonymous data to learn and improve. >> some of the descriptions of the guys, the content beyond just the number rating. it's all in hashtag form.

on the con side, a lot of it is not poept fappropriate for tele. some are glass half empty, gone by morning. who comes up with them? >> we have professional writers in house. the content is structured. girls are really can't just write what they want. they can select from a series of our own content. >> you launched a little more than a year ago. you raised $5 million. it's free in the app store and google play. a billion profile views? >> yep. >> how is that axccelerating at this point? >> we have had a great year since the launch. many millions of users signed up. over 52% of users create content on the platform which is way above intd average which is about 90-10. it's been a great year. we're excited about moving on to the full vision of lulu which is to allow women to keet reviews around everything, not just relationships. it's our first category. we imagine a world where women

review beauty products, services, things in wellness and health care, a variety of topics. that's really the full vision is to capture, classify and make the information searchable. >> you changed the model on the relationship side to make it an opt-in model for guys versus an opt-out model. that means if you are a guy, you have to ask to be rated on lulu. >> if you don't want to see what's out there about you, don't sign up. frankly, i have a lot of guy friends not happy finding themselves on lulu. not happy seeing what was said about them and not feeling in control about some of the information out there. some of which was fair, some wasn't. i logged on today. i have not a single facebook friend that is still on lulu. how do you get guys on there now that you changed the model? >> we have been listening and building the platform with users from day one. we have had over a million guys sign up. the core of the user base is in colleges. we are moving into the cities

like new york. you know, it's just been a lot of feedback from the base. we have been building the product along with they will. we released a product for guys a week ago are where they can get personalized analytics on their profiles. that's really encouraging them to sign up more. >> do you think it would fly to have a similar network where guys get to rate the girls? >> you know, i really don't think the women share the same way that men do. >> that's for sure. >> we are focused on building the product for women. >> if we do, we don't generally type it into a computer. we talk about it. fascinating to watch. we hope you will come back. thank you very much. >> thanks for having me. >> tesla's ceo not satisfied with how far his competitorses have come with e.v.s, so he's thinking of doing something he calls controversial. today, what idea musk may have up his sleeve. tweet us @squawk alley. your answer is next.

♪

just a touch off the highs of the day. let's get to squawk on the tweet. tesla's ceo elon musk not satisfied with how far his competitors have come with electric vehicle so he's thinking of doing something, quote, kind of controversial. take a listen. >> contemplating doing something fairly significant on that front which would be kind of controversial with respect to tesla's patents. but i want -- i probably want to write something so i can articulate it properly and explain the reasoning for the decision. >> that brings us to squawk on the tweet today. we have been asking what controversial idea could musk have up his sleeve? andrew writes roads? where we are going we don't need roads.

jacob says use the time machine and beat mr. ford to the punch. we know elon is aspirational. we know it. >> he said patents. you could tell he was wishing he hadn't gone out so far as we hent. i think people are looking forward to what he has up his sleeve. >> we'll see if we can hang on to the all time intraday highs. let's get to wapner. >> welcome to the halftime show. this is today's game plan. tiger cub. we have one with us today. julian robertson disciple will tell us. and strategies. why your best might be outside the u.s. five years after his death you will be stunned to hear what michael jackson is earning. we'll speak oh the author of a new book. let's meet today's starting line-up. john, joe, murph and weiss. also joined by mr.