unicorn club. the why he thinks he can play with facebook and snapchat in the big leagues. ♪ emily: now to a story we are watching -- the president of soft tank is making a big wager -- they will purchase $483 million worth of company shares what he calls a personal but. when the transaction is complete, he will be the second against shareholder after the founder. is airbnb -- the startup joining a list of us-based companies expanding china. in a statement, they said in just the last year, how down travel from chinese guests has grown 700%, making it our fastest-growing outbound market. airbnb partnered up with two chinese venture capital firms. the first order of business is to hire a ceo for airbnb and china. durning -- joining me to talk -- you are meeting with airbnb this afternoon. what makes you think airbnb can succeed where so many u.s. tech companies have failed? in china, you are seeing with the success of the iphone, a growing block of chinese consumers want to have a more westernized li

a french music streaming service may be joining the global unicorn club. the spotify rival is seeking funds from investors at $1.1 billion. they are looking at emerging markets. coming up, silicon valley to amazon'sefends corporate culture. and cord cutters hitting the media stocks hard. how fast is the american home deciding to get rid of cable? matt: time now for the daily bite. one number that tells us a whole lot. 566,000. the estimated number of loss subscriptions from pace tv. the sector is declining at an annual rate of seven tons of 1%. but over the last year 2 million households cut cable tv or decided not to purchase it. the media stocks plunged on espn lost ater modest number of customers. it will be a continuing problem. jeff bezos is defending his company culture after the new york times export a painted a grueling picture of life as an amazon employee. it paints grueling allegations. employees being warned over taking vacation in for internet areas. other tech leaders have been commenting. the forward twitter ceo saying this has taken out of

>> we're in the unicorn club. >> when you reach leprechaun status, let us know. >>> still to come, jimks is going to move the market this hour. he'll join us after the break. we are indicated for a down open. actually, losing a little steam. we'll get jim's take. stick around. >> you're watching "squawk box" on cnbc, first in business worldwide. but how can you spot who's at risk? the one who lives far from campus? the one who works the night shift? the one with new responsibilities? one thing can't tell you, but the right combination can. universities are using ibm analytics to understand pressures in and out of the classroom- some expect to cut dropout rates by twenty-five percent. ibm analytics is working to make education smarter every day. having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second...boom, you had your first accident. now you have to make your first claim. so you talk to your insurance company and...boom, you're blindsided for a second time. they won't give you enough money to repla

unicorns. a breakdown of who's who in the billion-dollar valuation club and which company could be next to go publicand later, get this. guy is going somewhere where no other trader has gone before. and it's downright terrifying. trust me. we'll show you the video straight ahead. but first to the news of the night. the biggest hedge fund names in the game out with their latest holdings. cnbc's kate kelly back at headquarters with all the details. hi, kate. >> hey, melissa. quarterly stock filings for the big money managers are out and the word is technology, media and energy perhaps in that order. appaloosa's david tepper taking a new 2.5 million-share stake in apple. the noted investor joining many other funds, seizing on a very flat second quarter for the tech name as a buying opportunity there. david einhorn also adding a key tech position, to a key tech position. in his case micron technologies, the beaten-down name that has caused him some pain in terms of returns so far this year. but he's adding to it anyway and he's also adding to his media portfolio with a new stake in 21st century fox size

unicorns? because he's doing very well. the billion dollar clubng the $500 million club because box is doing well and it doesn't matter. i like this stock. let's go the flo in florida. flo. >> yeah, it's jim. >> are we ready? >> man, i am ready skidaddy. >> i've had imb stock fbm stock number of years. my dividend yield now is up 3.5% if they don't cut the dividend. i'm wondering what your take is on ibm. >> it would be of great surprise to me if they cut the dividend. they're very committed to it. they do need to show faster growth. that 30% of the company in analytics that i like so much. if they do that the stock will go higher but right now it's going lower and we need to see the next quarter before you can make a declaration. christian in new york. >> yes, thank you for taking my call. my question is this, how would you grade at&t as a long-term hold versus other stocks in that sector? >> i prefer verizon. they have a lot of good things going for them. i want to see how that directv acquisition is done. that stock is not doing well right now