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2 facts about who is joining Amazon Prime
Posted December 4, 2015 0:39 AM
2 facts about who is joining Amazon Prime

A new survey sheds light on who exactly is joining Amazon Prime — and they’re younger and wealthier than the average shopper.

A survey of 2,500 Amazon customers by Cowen & Co revealed that Prime members have an average household income of $69,300, reports Fortune.

That is 24.8% higher than Walmart shoppers’ average income and 4% higher than that of Target shoppers. It is almost $7,000 higher than the general Amazon shopper’s average income of $62,900.

The Prime customer is also younger than the average Walmart shopper, averaging 36.5 years old versus 42 at Walmart.


There are really good reasons why we should — and shouldn't — genetically engineer human embryos

A powerful tool that lets scientists modify DNA with extreme precision could be used to genetically engineer the human species.

For the past three days, scientists, bioethicists, and other stakeholders at an international summit in Washington, D.C. have been debating some tough questions related to the gene-editing technology known as CRISPR/Cas9.

They discussed the technique's enormous potential to cure genetic diseases and expand our understanding of human biology, as well as the safety risks and ethical hazards of modifying the human "germline" — the genetic blueprint that will be passed on to future generations.

At the conclusion of the summit, Committee Chair David Baltimore of the California Institute of Technology read


Microsoft had a plan to automate your home before Apple and Google — but never did it (MSFT)

Microsoft's Research arm, which spends much of its time pursuing "moonshot" projects, created a home automation software product before both Apple and Google did, but never capitalised on the idea. 

The software, named HomeOS, was just that: an operating system for the home. The website is still available to view (but hasn't been updated since 2012), complete with demo videos that show something that it had real potential and is very similar to today's products.  

Business Insider spoke to several of those involved with the project, which started in 2010, about why HomeOS was never turned into a real-life product. 

The reason, according to multiple sources, is simple: ex-Microsoft CEO Steve Ballmer. 


What Richard Branson, Bill Gates, and 11 other successful people do on weekends

For some, the weekend's a sacred retreat from the hustle and bustle of work.

For others, the weekend is a myth — Saturday and Sunday are mere extensions of the workweek and a chance to get ahead of the competition.

Judging from the ways successful people spend their — at least theoretical — time away from work, there really is no right or wrong way to structure your weekends. It's all about striking the right balance for you.

Here's how some successful people do it.

Richard Branson hangs out on his island in the Caribbean.

While Branson tells the Telegraph he spends half the year traveling the world on business trips, he says he spends the other half on his tiny private Caribbean island, Necker.


TRUMP: One of my 'real dreams' is to convince Apple to move its jobs to the US

Real-estate mogul Donald Trump said Thursday night that one of his "real dreams" for the US is for Apple and companies like it to shift their manufacturing operations to the US.

The Republican presidential front-runner made the comments during a wide-ranging interview while promoting his campaign book, "Crippled America," at his Trump Tower headquarters.

One of the questions was how Trump would convince big companies like Apple to move production jobs away from other countries and to the US.

"I love that question because we think of Apple as an American company," Trump replied. "But they make their product in China. And they have offices here but China makes more money with Apple than we do, if you think about it."


Here's everything Microsoft got right about today's technology back in 1999 (MSFT)

Today, Microsoft is trying to keep up with other tech giants, but sixteen years ago, the company was regarded as a leader in technology.

In 1999, Microsoft released a video segment about the connected home of the future. While the bulky 90s products, like a cell phone that looks more like a Game Boy, have since rendered themselves obsolete, the tech featured in the video — voice recognition, biometric identification, and more — is pretty spot-on.

The six-minute video depicts a family interacting with futuristic technology integrated into their homes.  

What the company got wrong in the video is creating most of its products around the PC, and ignoring mobile. That said, most of what Microsoft predicted we'd be using in our homes tech-wise today is actually pretty accurate.

Location-based apps.

A senior Facebook exec in the UK is leaving to head up Snapchat's European office (FB)

Claire Valoti, the director of agency partnerships at Facebook in the UK, is leaving the company to join Snapchat to head up its European operation, Campaign reports.

Snapchat recently hired a collection of high-profile executives to join its team in Europe. Those hires include:

Jonathan Davies, BuzzFeed's former director of brand partnerships for Europe.

Google CFO Ruth Porat's 8 success secrets
Posted December 4, 2015 0:39 AM
Google CFO Ruth Porat's 8 success secrets

Ruth Porat, the CFO of Google and its parent company Alphabet, is one of the most powerful women in finance.

Previously, Porat spent 28 years at Morgan Stanley, helping guide the company through the 2008 financial crisis while simultaneously developing a government-backed plan that kept Freddie Mac and Fannie Mae from collapsing. 

She has also helped guide IPOs and financing rounds of Amazon, eBay, The Blackstone Group, and GE, and is known for her insane work ethic.

How has she navigated her way to the top and stayed there? We've rounded up eight success secrets shared by the influential business leader.

The key to keeping investors happy is making them understand why your business thinks the way it does.

From drug addiction to Uber intern to powerful Uber exec at age 30, Austin Geidt's life is already the stuff of Valley legend

At 30 years old, Austin Geidt's life is the stuff of Valley legend.

Five years ago, she saw some tweets about a startup looking for an intern. That startup was Uber.

It was 2010 and the economy was rocky. Jobs — even internships — were hard to get and her résumé was "blank," she told the audience at Fortune's Most Powerful Women Next Gen Summit in San Francisco on Wednesday.

She reached out to Uber's CEO at the time, Ryan Graves, who told her to put together a presentation about herself. Having struck out so many times, she went all in, loading her slide deck with humor and pleading with him to give her a shot.

And she became employee No. 4. As an intern, she did everything from cold-calling potential drivers to handling support calls.


Dave Chappelle uses a clever technique to stop people using smartphones during his shows

Comedian Dave Chappelle is working with Yondr, a company that makes lockable pouches, to create a "no-phone zone" in his shows, according to The Hollywood Reporter

People recording video on smartphones and then sharing it to social media, such as YouTube or Vine, is a big problem for comedians. If everyone has already seen the material on the internet, then less people will attend the show. 

Anyone who attends one of Chappelle's 13 sold-out shows in Chicago will be greeted by staff with a Yondr pouch. The smartphone is placed into the pouch, fastened, and then attendees can enter the hall. The pouches unlock once you leave the "no-phone zone."

Videos of comedians often go viral, lowering the demand for their work. A