it plays the same role sales people played at groupon, it's all about the content. the technology is very important but it's table stakes for creating wonderful content. >> it's a wonderful warm idea. and i can see taking to it. how many cities can you roll it out to? where else are you going to be? >> we want to blanket the globe with this content and create a form of augmented reality, it feels like an a central part of experience. >> that's sounds more like crowd source -- >> i would think more of it an ecosystem in a marketplace in the same way that music is a medium of content and professionals creating a living podcasting or radio production. we're going to open up -- we're only creating own detours because people have anchored in mir mind an audio tour in a museum which is dry and not a great experience. we want to make sure everybody's first detour experience is like the one you had. >> fabulous. >> are you focusing primarily on big name writers? >> not only a lot of detours we're doing, we have one of the fisherman's wharf, been fishing for 50 years and tak

john: groupon did not call us back. the boeing corporation is an example of how much corruption cost taxpayers. in order to get the chicago. >> and washington babies. >> $56 million was on the table dallas the 48 million where did they come? of course, chicago the difference of 40 million of a well-run state like texas is a corruption and tax to get a company into illinois. john: united airlines got similar deals they did get back to was. the donations were made by individuals with is not uncommon for executives to contribute to those they support the have great respect for mayor rahm emanuel many personally support rahm emanuel. >> they own their donations but rahm emanuel issued an executive order to stop pay-to-play to say if you are a city under -- entry cannot give cash. john: when he first announced he was running for mayor he said that. >> government can no longer be the insiders' game serving primarily the lobbyist and well-connected. john: so much for that. on the same day 10 executives in d.c. gave rahm emanue

the last person that said that was groupon. wall street won't buy it. he was on this network earlier. i wasn't buying at it either. i looked at him and wasn't buying it. i'm not concerned about the ipo market. ipos are down 30% versus last year. only three tech ipos. if we're in this frothy bubble of a lot of tech companies. every tech company would be going public. we're not seeing that. other than that, to me, it's a good time to look at the ipos, not in the first week, but look at them. charles: your christmas gifts all have glitter. did you buy that site? >> i thought getting a box full of glitter was a good thing. >> depends on what side of the mason-dixon line you're on. next to the real, real deal. these broken ipos. the point that jim made. these aren't bad companies. they were overvalued. so maybe are some now being oversold and might be worth investing in. dominic, anything hitting your radar yet? >> we talked about alibaba. kind of hard to avoid a company this size. down to $80 a share. it's a market you're looking at two-thirds of the world'

one-third of the encryptors like the white house, fbi and national security agency, and kohl's and groupon and american express, and other browsers built into google's android web sites are vulnerable but not mozilla or chrome software. a fix is on the way, and google says it has provided it to the wireless carriers and businesses. and freak is an acronym, and no evidence that it is going to be a big attack but it has software developers eager to get the fix out. >>> and now, tonight there was a man who was issued a warrant for his arrest while in custody. he is wanted for robbing a man. also being sought is this 17-year-old girl who allegedly used the victim's credit cards at a convenient store. the third person has already been arrested and charged in the case. >>> and tonight, a death in oakland hills has asked when the killing will stop. and now the family of marcus west is asking for justice. we have more on the case from police headquarters. >> jessica, oakland police are not talking about the killing tonight. they would only say that there are not any arrests, but one family and one

a third of the websites may have been affected including american express, groupon and marriott. >>> crime lab technology is getting more sophisticated. at the microsoft digital crimes unit in washington state, a team of engineers, lawyers and investigators analyzed computer forensics. they deconstruct the malware, figuring out how it works by using the viruses on computers. >> that means you inject the malware on a clean computer to see the behaviors. every malware leaves a digital footprint on the computer. >> investigators then look for changes in the infected computer's settings. microsoft works are financial institutions and law enforcement to track down the culprit behind the big cyberattacks. >>> in a new drama csi cyber they use technology to solve crimes. i spoke with actress patricia arquette to talk about the new drama that mimics a really problem. >> it's evolving and mutating so quickly. but we're seeing it every week. >> she says while the show is fiction, there are useful tips on how to stay safe from hackers in real life. the show starts tonight at 10:00 on kpix 5. >>

wonder lick upgrades groupon to buy.ctive customer base likely to offer repeat business >> that's what they say. >> likely. and i'll tell you, groupon, i don't know if you're an analyst how you get any comfort in predicting, because that's what you have to do, what this company is going to do. so to me, it's still a commodity business. maybe they've got the most visible name but i'm not buying it and not going short i'm staying away. >> pete, reiterated outperform that's what they say at fbn about gopro. stock is up, not that much today. >> it was up more, significantly higher earlier, over $44 a share. the year over year growth and competitive environment not a big huge threat to gopro. i'm not sure that i completely agree with that. >> the xiaomi camera is overblown. >> that's been overblown and talks about an attractive leflg, $75 target that was reiterated as well. looking at a stock trading 42s, plenty of upside if you believe in this. i tend to be will. i think josh is not a believer yet. i don't know that the comp

. >> that's actually what groupon did.hey started out as a platform for advocacy campaigns and one of the products was a daily deal site. and they realizes that was actually where the momentum was. they had a team that was really good at activating big groups of people. >> you're not changing the entire company. you're still useing some of the resources, the back end, the values. >> that is the greatest lesson. pivoting doesn't mean turning 180 degrees or 360. it's usually a 5% change. they adjusted a little bit and a little bit and found what clicked and then they pushed forward. pick the small things to exploit and grow on. >> and give the original products time for product market fit. pivoting is not just constantly iterateing for the sake of iterating. >> great guys. i loved that piece. it was fun to follow those guys over the last couple of years. >>> once you've developed an app for your small business it is far from the last step. you then need to get it accepted into apple's ap store. here are five tips to keep in

a third oven crypt had we been sites could have been affect including american express groupon and marriott. several others report ared the vulnerability yesterday. >>> dead head you better start saving, some tickets for grateful dead 50th anniversary reunion are going for as much as $116,000. the 39 day show has already sold out, it is happening fourth of july weekend in chicago but some seats are available on stub hub, 1400 bucks will get you in the door for only a seat with a obstruct view. i don't know any musical act would i pay $140,000 for. >> that is crazy. >> i wouldn't pay 160 to see anything of any kind. >> we said, say what. >> you know, they have big fans indeed. bring the the the music over here. >> thanks, wendy. >>> fight for higher minimum wage head to philadelphia city council to day. a group of workers will testify at a hearing calling for cities minimum wage to be increase todd $15 an hour. it is not that simple. is there a state law that prevents sit fridays raising minimum wage on their own. >>> our time is 5:39. have you ever heard of free range parenting a controvers

. >> he got a package deal with bruce jenner, a groupon, he can't back out. kennedy: no.. kennedy: do you keep the beard. >> i paste this on before i come on. >> i love that, i don't know if you read this, he is getting female breasts but keeping his male genitalia he is becoming chris christie. kennedy: i am more uncomfortable now than i was asked about native americans at starbucks. >> i bought that isis latte at starbucks. i am, i have cold sweats in places that should be bone dry. >> this fra frappuccino has a lf lead on it, but you know what -- has a lot of head on it, but you know what could take your head off? isis, i have to go. >> i am so sorry. >> will can say yes to my dress later on. >> what? kennedy: coming up, get ready for my grammy nominated karaoke performance with special guest but first, there is a ghost in my house. i am bringing on expert to talk about that shadowing figure. from ghost hunters, there he is, hello, jason. kennedy: i have been worrying in middle of night, my family and i went over footage from our 4th of july family, we discovered a gho

. >> that's actually what groupon did. they started out as a platform for advocacy campaigns and one of the products they came up with to actually fund that platform was a daily deal site and they realized that was where the momentum was. what was critical is they had a team that was really good at activating with groups of people which was why shifting to that idea was still in alignment with the team. >> that's what they talk about in the piece also right? you're not changing the entire company. you're still using some of the resources, the back end, the values. >> that is the greatest lesson. pivoting doesn't mean turning 180 degrees or 360. it's usually a 5% change. they took the same products they had. same element they had, the same team members, just adjust a little bit and then pushed forward. when you do it in your business adjust slowly selectively, then pick the small things to exploit and grow on. >> and also to be sure that you're giving the original product time for product market. pivoting is not just consta

why groupon inflated tickets nearly 500%.night on bay area nightbeat at 10:00 on our sister station, kbcw 44/cable 12. >>> i'm guessing it's not going to rain at burning man? >> probably not. >> especially not with the sun acting up the way it has been. did you hear the sun expelled an enormous flare on wednesday? >> oh, wow. >> and, you know, essentially the sun just spits out a little bit of its atmosphere and nasa's orbiting observatory of the sun captured the image. you can see the flares. >> beautiful. >> on wednesday. it sends all those solar particles streaming toward earth at a million miles an hour. and that means that parts of that will be affecting the earth tonight, as well. so friday the 13th could be a lucky night for watching the northern lights. not down at this latitude but if you have any friends in iceland it's going to be a spectacular display. it should be. san bruno right now 63 degrees. oakland 72. livermore 75 right now. in san francisco, just 61. so things are cooling down. but we were close to 80 deg

you've seen companies like zinga and groupon doing private rounds before the ipo which exceeded the valueipo. i actually worry that the late-stage game has changed and late-stage investing group has lost discipline around what it means to do a late-stage investment. it knows who its customers are and so forth. i think that if you look at some of the valuations right now from sort of pinterest all the way through uber, i worry that late-stage investment layer has lost discipline around what it means to do a prepublic investing round. those companies therefore i think may be terrific companies in their own right and offer a lot of value to consumers, but how you get those companies monetized and get them public, which at this point has to be their exit, is a really difficult question. >> i hope we have the opportunity to speak to you again. thanks so much for coming on today. >> my pleasure. >> comment before we go to break? >> we talk about back to 2000 and the opportunities that you had to maybe get into things. i think one of the greatest trades of all time is what mark cuban did in actu

corporate sites including kohl's, groupon, and american express are also scrambling right now to fix that flaw. there's no evidence that anyone has actually executed a freak attack. >>> it is 5:51 right now. a warning for parents about where you put your baby down for a nap. a company called dream on me is recalling about 13,000 bassinets. the wire supports on both sides can disconnect, causing the fabric sides to lower. the company is worried babies will fall out or become trapped and suffocate. if you have one of these bassinets, you can contact the company for a free repair. >>> happening today, oakland international airport sets a new report today for the most nonstop destinations in its history. the airport adds its 46th nonstop flight tonight to tijuana. the flight takes off from oakland for the first time, just after 9:00. >>> a silicon valley company is taking on nintendo, xbox, and play station with its own game machine. >> scott mcgrew, you're not so sure it will actually catch on? >> which is probably unfair of me. this machine is actually not in stores yet. but take a loo

i mentioned cyber security names like fireeye or netflix, groupon, twitter, the usual names are gettingl play here. banks are down today because you get this old knee-jerk reaction when rates go down, bad for banks. it's an old story but we're seeing that play out today. i would note banks have been good this year. the kbe, the banks, etf, it's held up pretty well this year. you'll notice that nice rally that began in february. this is a basket of all the big banks. the reason that happened because yields on the 10-year have been mostly up since february, put up the 10-year yield and there's a nice parallel there between net kb and 10-year yields because people see longer term rates rising perhaps steepening of the yield curve and instinctively started buying banks. the pattern playing out. overall it's been crummy start to march. remember, we were at historic highs at the end of february. take a look at the major indices for the month of march and it is interesting that utilities are the worst performer that we've seen here and, of course, those are concerns ha you're getting on the ra

groupon. ten bucks up from six. that's when they did a survey of customers. of the customers planned to be back in three months. 40% of them actually plan to spend more. varney & company coming up. ♪ >> we are led to believe that this downside move in the dow industrials is because the american economy is slowing. the expansion is slowing down. durable goods orders numbers came out much earlier today. now apparently the market is reacting to them. slow down. down 164 as we speak. the supreme court hearing the case against the epa's new rules that crack down on emissions at coal-fired power plants. so the supreme court is hearing the case, does the epa go forward with these rules, or will they rapid on rapped on the knuckles and retreat. >> the epa did not do an appropriate cause benefit analysis. something like $6 million in supposed to benefits. >> no millions that they have inflated for billions of dollars of costs. (?) it won't do anything for public health. and if the supreme court rules against the epa here, they would be striking a great blow for the ex

you mentioned it your testimony but i know farming has changed dramatically over the years and i groupon the tractors they look like gps systems in geographic information of them but you talk about the ways that they can help with productivity. can you quantify that given the equipment that you have now? been rethinking for the question. the benefits will the individual branches are not specific to anyone from cattle ranchers in the western united states to find herds of cattle over distances or to crop growers had no if you have been in a commercial apple orchard but if you are rows of trees 12 feet high over 10 city blocks you can amuse yourself and the equipment very greatly in it allows us to have a bird's-eye view to identify issues. where we are most excited the potential of is to be able to fly over a cornfield and look through the lynns for infrared light signatures coming off the crop to identify weeds or plant stress so a patch of grass give soft but in a different signature then soybeans rather than having to walk the entire field or apply the herbicide and i can make the dete

high beta like new tech names, groupon, for example, twitter, work day, some of the names here. names that are sort of high beta cyber security space, for example, take a look at your fireeyes palo alto networks all those are down a little bit more than the rest of the market. interest rate sensitive stocks not doing too much. reits, utilities, either side of positive or negatives. u.s. yields had been rising through february generally a negative for alternative yields alternative instruments lick ss like reits and utilities. a rise in bond prices declined today is really slightly new trend, so i don't see a big trend going on here. banks, though, when you get lower rates as we're seeing today banks don't behave pretty well. flatter yield curve not good for them. some of the big names, not just money center buying citigroup but the super regionals like huntington zions and m and t below the market. finally the dollar rally has been -- dollar rally as well as higher rates recently have been playing halve voj with emerging markets. i noticed the eem a basket of emerging markets st

stock three, groupon. up it to a buy from a hold.bout 300 consumers, melissa, and they saw some strong demand in america. also, they boosted their growth target and the stock from ten to six. that's a 30% up side. keep in mind this was a $12 stock in january of last year. >> it's kind of interesting because of those 300 they said 78% of recent buyers would actually buy again within the next three months. another part of this call is the pullback in the stocks so far this month, it's down 7%. that's interesting. stock number four here, starwood hotels. sun trust cutting from a neutral to a buy citing greater exposure to the luxury and upscale segment. this is part of a larger call on the lodging names. down grades getting hit. i know they mentioned foreign exchange transactions in that call. what's weird about it is you hear this battle between bringing back profits and having to deal with the currency adjustments or more people traveling to europe because the euro is down and it's cheaper. you wonder if it would balance out. either w

it has an impressive portfolio, including ebay groupon, and the crowd funding platform circle up. also stephanie palmeri where she phobings on software mobile services and next generation commerce. hello. great to have you with us. you're in the hospital side. >> for consumers that don't pay for your product, how are you making money off of their data? >> we are not in the business of selling data. we offer a premium upgrade for users who want comprehensive identity theft protection and that is the way we can monotize a percentage of the use whoerz use the producted for free. >> david. >> tell us a little more about what percentage of your customers are embedded that they want to subscribe? >> the average bill guard user opens up the app five times a week. that's almost daily. we have three months in over 40% retention. we've succeeded in building a habit-forming application, which is very conducive for up selling premium comprehensive solutions to our base. >> stephanie. >> one million users and half a million active users is really impressive in a year. how do you get to ten mil

. >> a few years ago, groupon, the same idea after the crash.r bowl ad again? >> it depends on my business. for the realreal it's not a match for the audience. >> you've got 5 million to drop on 30 seconds right now at the super bowl with realreal? >> i said it's not a match. >> you say it's not a match. >> to my audience. >> are you at a point that you could do that if you decide to do it? your advertising is budget is hundreds of millions of dollars yard l already? >> my advertising budget is going to be $200 million. >> for the averages budget? >> new york the budget is 10% of that. we're actually a fairly large company. so we have $20 million to generate. and we're that way every year. >> it's got to be a good commercial to blow it on 30 seconds. >> back then it wasn't. you know it's like you guys -- it's a false equivalency here. >> you got to have profit maybe that would work. >> you are. that says it was a damn good brand. there you go. >> it was a damn good brand. thank you. >> sure. >>> million dollar homes is back. up next we're going

. >>> when we come back this morning, facebook groupon, and twitter. why he thinks it has room to run. first look at the u.s. equity futures. after a strong update yesterday you'll see the dow futures giving back about 41 points this morning. s&p futures down by just about 3.5. nasdaq up by 3. stick around. "squawk box" will be right back. in my world, wall isn't a street. return on investment isn't the only return i'm looking forward to. for some every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. start investing with as little as fifty dollars. >>> welcome back to "squawk box" this morning. more than 70 new companies are valued now at a billion dollars or more including social site pinterest. $11 billion. the big question, do these valuations hint at start-up strength or signal a bubble brewing? here is the managing director of andreessen hor