Researchers are testing color-changing tattoos that track your health

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Traditional tattoo ink is replaced with different biosensors that can change color according to changes in body chemistry, like changes in blood sugar or sodium.

The ink, a collaboration between MIT and Harvard University, is undergoing preliminary tests and still awaits human trials. Read more…

More about Wearables, Tattoos, Harvard, Mit, and Ink

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Pornhub reveals the top typos people make when, um, typing with one hand

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Donald Trump got a lot of attention for his “covfefe” snafu, but he’s not the only one with, uh, slippery fingers…

In the wake of Wednesday’s typo heard ’round the world, Pornhub took a look at which terms were most commonly misspelled by their users when searching for videos, and the results are hilarious. 

They broke it out state by state, and it turns out even something as basic as the word “porn” is tripping people up. 

It’s easy enough to see how some of these mixups happen, especially if people are busy using one hand for, shall we say, other things? But nevertheless it is interesting to see just how many different ways there are to misspell “lesbian” and “hentai.” (Also, the midwest: unexpectedly into hentai.) 

“Amateur” is another one that understandably confounds people, but “threesome” and “MILF”? Come on, people. Focus! 

Interestingly, since the blockbuster debut of “covfefe,” there have been 9,000 people who’ve searched for that term on Pornhub. It’s puzzling to look for porn featuring something that’s not even a word, but humans are nothing if not weird when it comes to their taste in adult videos.

Still, considering that fidget spinner porn is now a thing, it’s probably only a matter of time before covfefe porn is, too. What a time to be alive.

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Bitcoin Goes Berserk

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The price of Bitcoin is up 19% since I wrote about cryptocurrencies just two days ago. In two days! Oh wait, no it isn’t. It’s just fallen 11% in the past couple of hours. This is classic bubble stuff, meaning the price could skyrocket further or collapse in the blink of an eye. Whether or not you own Bitcoin, today I have some ideas about what to do now.

Bitcoin’s price was $2,250 (US dollars) when I wrote on Tuesday (see here). When I looked a couple of hours ago it was $2,685. At the time of writing it’s $2,396, down 11% from the earlier reading. At your time of reading it could be anywhere.

The world of cryptocurrencies is back in full hype and bubble mode. Wences Casares, the CEO of bitcoin wallet Xapo and a member of the PayPal (NASDAQ:PYPL) board, is reported to have said the Bitcoin price will go to $1 million in the next five to ten years.

Later on I’ll come back to whether this suspiciously round, attention grabbing and huge number makes any sense. For now let’s just accept that there’s plenty of hype and nonsense floating around.

This seems like an apt time to bring out a famous chart of the stages in a speculative bubble. It was produced by Dr. Jean-Paul Rodrigue at the Hofstra University in New York many moons ago.

Bitcoin and other cryptos look like they’re somewhere in the mania phase at the moment…in Bitcoin’s case it’s the third time already since it was sparked into existence in October 2008. But each time dizzying delusion was followed by depths of despair it turned out to be temporary. Higher lows and higher highs followed…at least so far.

Of course, Bitcoin was something genuinely brand new when it appeared. It’s money, but not as we knew it. So the people involved were and are a different crowd to past manias. Still human though, and hence still prone to the same human foibles and vices.

Who’s blowing the bitcoin bubbles?

In this case the “smart money” in the chart’s stealth phase was a ragtag group of tech savvy anarchists and anti-banksters. Likewise the “institutional investors” don’t feature in Bitcoin world. Instead they’re replaced by fringe financiers, the odd venture capitalist, and libertarian leaning technophiles.

As for the “public”, forget about it. Yes, there are more and more individuals buying cryptos, but they’re still a tiny minority. At least in relation to, say, the mania around dot com stocks in the late ’90s. But during each Bitcoin boom and bust cycle more people in more countries are drawn in. At least so far.

Here’s what they looked like:

It seems pretty clear that Bitcoin is once again in the mania phase of the cycle. But where exactly in the mania phase? I’m guessing “Greed”, “Delusion” or “New Paradigm”.

But it’s hard to know how far we are from the tipping point. In the coming days and weeks, the price could rocket to $4,000, or $6,000, or $10,000. Or it could sink over coming weeks and months to $1,500…$1,200…$800.

Nobody – and I mean nobody – knows what happens next. No self-proclaimed guru. No independent analyst. No hopeful speculator. No regretful latecomer to the party. Not you. Not me. Nobody.

But that doesn’t stop more and more outlandish claims and self-interested hype. Like Señor Casares (he’s Argentine) and his outlandish claim that the Bitcoin price should hit $1 million in five to ten years.

Million dollar Bitcoin…really?

Of course he could be right. But I’m going to have a stab at seeing whether it’s likely, using nothing but common sense. Here goes…

Currently there are 16.3 million Bitcoins, and I estimate this will reach around 19 million in five year’s time. The growth rate slows down as the ultimate limit of 21 million approaches.

If a single Bitcoin is worth $1 million then all Bitcoin would be worth $19 trillion. In the past article I showed that Bitcoin was 46% of the total value of all cryptocurrencies, which in total were worth $80.3 billion.

On the (perhaps generous) assumption that Bitcoin maintains its market share, in the face of unlimited crypto competition, that implies the total crypto market would be worth $41.3 trillion when Bitcoin is priced at $1 million.

According to estimates by Credit Suisse, total global household wealth was $256 trillion in 2016, of which $157 trillion was financial assets. Wealth has grown at an average 5% a year since 2000. Assuming that growth rate continues, total household financial assets would be around $200 trillion in five year’s time.

Financial assets include bank deposits (and a little physical cash), stocks, bonds, investment funds, precious metals and so on. For Bitcoin and other cryptos (“Altcoins”) to take off they basically have to replace a large piece of bank deposits.

A necessary condition of anyone getting involved with cryptos is that they have internet access. Even today around half of the world’s population is offline completely. And many of those supposedly online don’t have regular and easy access, so perhaps the true percentage of people with regular and easy internet access is only 35-40%. It keeps growing, but still has a long way to go.

Of course most of those without access are poor, meaning they control little wealth. The combined household wealth of North America, Europe and Asia Pacific is 85% of the total. Strip out the poorer parts of Asia and let’s say cryptos’ potential market consists of people that control roughly 75% of global wealth.

That indicates $150 trillion of relevant financial assets in five year’s time (75% of $200 trillion). Americans have just under 20% of their financial assets in deposits, Europeans just over 40%. Add in wealthy countries from Asia Pacific, in particular Japan, and let’s say 35% of those financial assets are bank deposits. That comes to $52.5 trillion.

In other words, if the Bitcoin price hits $1 million then all Bitcoins would be equivalent to 36% of the bank deposits of people with the internet ($19 trillion divided by $52.5 trillion). And if Bitcoin has the same market share of all cryptos at that time as it has now, then all cryptos would be equivalent to 79% of those bank deposits ($41.3 trillion divided by $52.5 trillion).

My numbers are just rough estimates. Even so, looked at this way it becomes pretty clear that $1 million Bitcoin is a fantasy. Like me becoming an astronaut at the age of 45 and both coming from and living in a country with no space programme.

A couple of days ago all 16.3 million current Bitcoins were worth $37 billion. Making the same assumptions as above, current bank deposits of people with internet access would be $41.2 trillion.

That means Bitcoin is equivalent to about 0.09% of potentially convertible household deposits. Put another way, that deposit base is about 1,100 times bigger than the value of all Bitcoins.

What if, in five years, it gets to 1%, or 1-in-100? Which is to say 11 times its market share of relevant household deposits today? That would be $525 billion, split across those 19 million projected future Bitcoins, giving a price close to $28,000.

That’s still over 11 times today’s price, but it’s a hell of a long way from $1 million. It’s also not a prediction. I’m just trying to show a more realistic potential level. But don’t forget that Bitcoin faces plenty of new competition, most recently from Ripple and Ethereum.

Where does it go from here?

Personally I don’t think that cryptocurrencies will replace fiat currencies in a meaningful way. At least not for a very, very long time. Instead, governments and banks will come up with ways to use cryptos’ blockchain technology – the wizardry that makes it all function – to improve fiat currency transaction infrastructure.

That said cryptos will probably have a larger niche than today. But my guess is it will still be a niche, and life will be viciously competitive within that niche. Picking winners and losers will be hard, and the ride will be wildly volatile.

In these bubbly times, here’s what I recommend you should do today, depending on your situation:

  1. If you own no cryptos: Do your homework, sit it out, wait for a crash before you buy. If you really want to buy now, make it a really small purchase just to see how things work.
  2. If you own a modest amount of Bitcoin or other cryptos, up to say 1% of your wealth: Do nothing, enjoy the ride, hold on.
  3. If you own a lot of Bitcoin or other cryptos, say more than 5% of your wealth: Trim your position if the price continues to rise, and take profits. If the price peaks and crashes, wait around six months and top your position back up again. Or ignore all that and just hold a much bigger position in the hope of winning the lottery. But be honest with yourself: would you be okay if you lost 80-90% of it?

One final thing. The whole crypto world is a prime location for fraudsters. Crooks swarm towards bubbly markets and the prospect of easy money like flies to doo doo. Always have. Always will. It’s even easier to get away with when you can wrap everything up in high falutin’ techno babble.

Most crypto websites are packed with serious sounding jargon, ideological fluffiness, pretty pictures and general hype. But a great many provide no or few details of who’s involved or where they are in the world. They just hover in the internet ether.

When the greedy humans behind some of them run off with their customers’ money, as has happened already and is bound to happen again, there will be little recourse. As with all things, caveat emptor (“buyer beware”).

As Bitcoin and the other cryptocurrencies go berserk make sure you ignore the more outlandish claims made by their cheerleaders. Even so there’s still a good chance many prices rise substantially in future, even if there’s a crash in between. View all cryptos as speculation and good luck if you choose to get involved.

Editor’s Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

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Nintendo’s solution for ‘Splatoon 2’ chat requires lots of wires

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Saying Nintendo’s solution to voice chat on the Switch is inelegant would be a gross understatement. At least for Splatoon 2, that is. This morning the game’s Twitter account posted images of how you’ll talk smack in the ink-fueled multiplayer shooter. The setup, dubbed "Empera Hook HDP," consists of a arrow/squid-shaped dongle, a set of swoop-style on-ear headphones with a boom mic and a trio of 3.5mm aux cables. One cable goes from the Switch’s headphone port to the dongle, another runs from your cellphone to the dongle, and the last one connects the dongle to said headset. Phew.

Why so complicated? Because while the Switch is Nintendo’s first console to offer online voice chat, the system isn’t compatible with wireless headphones. That means if you want to play Splatoon 2 from your couch, you’re going to need an awfully long cable. The aux cords packed in with the kit are apparently only 1.2 meters (just under 48-inches) long. And because voice chat is handled via a smartphone app, well, everything needs to be in close proximity of each other. Hopefully you don’t have an iPhone 7, because, well, that will entail yet another dongle.

The kit is made by Hori and officially licensed, so at least we know it should be decent quality. Nintendo Switch (translated) says that the headset will be released July 21st in Japan to coincide with Splatoon 2 for ¥3480 ($31.25). You’ll also be able to dress your Inkling kid up with an in-game version of the headset.

On the surface, this looks like an accessory built specifically for Splatoon 2 in the way that the GameCube controller adapter was built specifically for Super Smash Bros for Wii U. Nintendo’s overall plans for voice chat are still ambiguous, so maybe consider this piece of hardware an awkward olive branch.

In January, Nintendo America president Reggie Fils-Aime defended his company’s decision to use a smartphone app and headphones for handling voice chat to IGN with the following:

"We want to reinforce the capability to take your experience with you on the go…. The ability to do matchmaking, voice chat through your phone, it’s a hell of a lot more convenient than having a gamer headset stuck into your backpack trying to do that. That’s why we’re doing it the way we are. We see the convenience, we see the ease of delivery. We think it’s going to lead to a better experience."

What a difference five months makes. And you thought the amount of dongles and wires needed to connect accessories to a new MacBook was ridiculous.

Via: Kotaku, Nintendo Switch

Source: Splatoon (Twitter) (Japanese)

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In cruel twist, Netflix cancels the diverse ‘Sense8’ during Pride Month

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Netflix canceled Sense8 after two seasons, the streaming service announced Thursday.

It was a bitter blow to fans of the diverse show, especially on the first day of LGBT Pride Month.

Created by The Matrix masterminds Lana and Lilly Wachowski, Sense8 won praise for its diversity and inclusivity both on screen and behind the scenes, which made the cancellation especially hard for fans to swallow — and they made their disappointment known on Twitter.

Netflix also heralded the show’s diversity in a statement announcing the cancellation.

“After 23 episodes, 16 cities and 13 countries, the story of the Sense8 cluster is coming to an end,” said Cindy Holland, VP of original content for Netflix. “It is everything we and the fans dreamed it would be: bold, emotional, stunning, kick ass, and outright unforgettable. Never has there been a more truly global show with an equally diverse and international cast and crew, which is only mirrored by the connected community of deeply passionate fans all around the world. We thank Lana, Lilly, Joe and Grant for their vision, and the entire cast and crew for their craftsmanship and commitment.”

The news comes a week after Netflix pulled the plug on Baz Luhrmann’s The Get Down after one season.

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7 million people have downloaded that ridiculous ‘Fidget Spinner’ app

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Yes, the only thing more inane than an actual fidget spinner is an app version of a fidget spinner.

Still, ridiculous as they are, the apps are — inexplicably — nearly as popular as the toys themselves. Seriously.

Of all the “fidget spinner” apps — and there are hundreds — the most popular by far is this app from Ketchapp simply called “Fidget Spinner.” The app, which hit the Ap Store May 16, has already racked up more than 7 million downloads across Apple’s App Store and Google Play, according to statistics from app analytics firm Sensor Tower. 

That’s right: more than 7 million downloads in just over two weeks. Now, that’s no Pokémon Go, which hit 10 million downloads in a record-setting seven days. But it’s remarkable for an app that’s, in the words of Mashable’s esports reporter Kellen Beck, “is the worst resource-collecting game I’ve ever played on an iPhone.”

Ketchapp, the game studio known for churning out chart-topping addictive games with intrusive app-install ads, is far from the only developer seeking to capitalize on the fidget spinner craze. There are about 300 fidget spinner apps across both Apple’s App Store and Google Play, according to Sensor Tower’s analysis. 

Again, none of these are nearly as popular as Ketchapp’s, which spent nine days as the number one free app on iOS, according to App Annie (it’s currently sitting at number seven). But that’s pretty incredible momentum (pardon the pun) for an app that does nothing besides let you spin a virtual fidget spinner while watching obnoxious — and no doubt highly lucrative — ads in between sessions. 

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Schwarzenegger to Trump: You can’t go back in time. Only I can do that.

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Schwarzenegger to Trump: You can’t go back in time. Only I can do that.

He's seen the future, and he's saying dropping out of the Paris Climate Agreement is a mistake. What other proof do you need?He’s seen the future, and he’s saying dropping out of the Paris Climate Agreement is a mistake. What other proof do you need?

Image: WARNAND/EPA/REX/Shutterstock

It’s official: The U.S. is out of the Paris Climate Agreement, courtesy of President Donald Trump. Reactions from all sides are coming in, but one man, possibly cyborg, has a special message for Trump that we just have to share. 

Arnold Schwarzenegger, former Governor of California and Terminator, has slammed Trump’s decision in a blunt and entertaining three minute video, recorded for Attn and shared on Twitter. 

“One man cannot destroy our progress. One man can’t stop our clean energy revolution. And one man can’t go back in time. Only I can do that,” said T-800. 

Jabs and movie references aside, Schwarzenegger’s stance is that the most important job of a U.S. president is to protect the American people, and that keeping the environment clean is a big part of that responsibility. 

In a particularly hard-hitting part, Schwarzenegger points out that walking back on an important agreement is a move unbecoming of a leader.

“No one remembers the people who told President Kennedy not to go to the moon. We remember the great leaders. The great leaders that don’t walk backwards into the past, but great leaders that charge forward towards the future,” he said. 

When even advanced cyborgs coming back from the future are warning you that your moves are wrong, you just have to reconsider your actions. Right?

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Companies Think President Trump’s Withdrawal From the Paris Accord Is Fucking Stupid

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President Donald Trump demonstrates for the cameras how little thought he gave to withdrawing the United States from the Paris Climate Agreement (Photo by Win McNamee/Getty Images)

President Donald Trump stood up in front of the world yesterday and withdrew the United States from the Paris Accord, a global agreement to combat climate change. The agreement had nearly universal support, but Trump said withdrawing is good for American business. But American business leaders disagree.

CEOs from companies in practically every sector of American life issued statements yesterday denouncing Trump’s decision. Business leaders like Tesla CEO Elon Musk and Disney CEO Robert Iger even signaled that this was the last straw, and announced that they’d no longer act as advisors to the president.

Even before Trump’s decision yesterday, the Paris Accord had broad support in the business community. On April 26, 2017 a group of companies wrote an open letter to the president, asking him to stay in the agreement. Companies as diverse as Walmart and DuPont and Intel all signed the letter.

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Even energy companies like ExxonMobil, Shell, and Chevron also implored Trump not to drop the Paris Accord in the lead up to yesterday’s announcement from the White House Rose Garden. But he didn’t listen.

Members of the Trump regime clap along like subservient children as President Donald Trump announces America’s withdrawal from the Paris Accord (Photo by Chip Somodevilla/Getty Images)

Below we have a list of the companies that have thus far reacted directly to Trump’s decision. We can only imagine that this list will continue to grow in the coming weeks.

Twenty years from now, we have no idea what the defining moment of Trump’s shameful presidency will be. But with climate change already impacting the world in disastrous ways, his decision to needlessly shun the environment should at least crack the top ten.

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But who knows? Trump still has so much time to inflict very real damage on both the United States and the rest of the world—a world that increasingly sees America as a joke that elected a neo-fascist reality TV star as its president.

Donald Trump, Peter Thiel and Tim Cook, chief executive officer of Apple during a meeting with technology executives at Trump Tower, December 14, 2016 (Photo by Drew Angerer/Getty Images)

Apple

“We power nearly all of our operations with renewable energy, which we believe is an example of something that’s good for our planet and makes good business sense as well,” Apple CEO Tim Cook said in a statement.

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“We will keep working toward the ambitious goals of a closed-loop supply chain, and to eventually stop mining new materials altogether. Of course, we’re going to keep working with our suppliers to help them do more to power their businesses with clean energy. And we will keep challenging ourselves to do even more.”

Co-founder and CEO of Box Aaron Levie speaks on stage on November 10, 2015 in New York City (Photo by Brad Barket/Getty Images for Fast Company)

Box

“Trump believes everything is a negotiation. But America’s reputation and trust around the world can’t be negotiated, it’s earned. Or lost,” tweeted Box CEO Aaron Levie.

CEO of Cargill David MacLennan speaks at the 2016 Concordia Summit on September 20, 2016 in New York City (Photo by Bryan Bedder/Getty Images for Concordia Summit)

Cargill

“Signing the accord means being a champion for US economic growth and job creation,” Cargill CEO David MacLennan told the Financial Times. “If the US exits international accords like the Paris agreement it will negatively impact trade, economic vitality, the state of our environment and relationships among the world community.”

Dallas Mavericks owner Mark Cuban on October 19, 2016 in Las Vegas, Nevada (Photo by Drew Angerer/Getty Images)

Dallas Mavericks

“Sorry. It hurts to see this coming from a foreign leader and not our @potus. He just trolled our entire country,” tweeted Mark Cuban, referring to a tweet from French president Emmanuel Macron.

CEO of the Walt Disney Company, Bob Iger attends the ‘Beauty And The Beast’ New York Screening at Alice Tully Hall at Lincoln Center on March 13, 2017 in New York City (Photo by Mike Coppola/Getty Images)

Disney

“As a matter of principle, I’ve resigned from the President’s Council over the #ParisAgreement withdrawal,” tweeted Disney CEO Robert Iger.

Facebook Founder and CEO Mark Zuckerberg delivers the commencement address at the Alumni Exercises at Harvard’s 366th commencement exercises on May 25, 2017 (Photo by Paul Marotta/Getty Images)

Facebook

“Withdrawing from the Paris climate agreement is bad for the environment, bad for the economy, and it puts our children’s future at risk,” Facebook founder Mark Zuckerberg said in a statement.

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“For our part, we’ve committed that every new data center we build will be powered by 100% renewable energy. Stopping climate change is something we can only do as a global community, and we have to act together before it’s too late.”

Jeff Immelt, Chairman and CEO of General Electric, left, talks with Medal of Honor recipient Major General James Everett Livingston during a question and answer session at the National World War II Museum in New Orleans, Tuesday, April 23, 2013 (AP Photo/Gerald Herbert)

General Electric

“Disappointed with today’s decision on the Paris Agreement. Climate change is real. Industry must now lead and not depend on government,” tweeted General Electric CEO James Immelt.

Lloyd Blankfein speaks onstage at the Fortune Most Powerful Women Summit 2016 at Ritz-Carlton Laguna Niguel on October 18, 2016 in Dana Point, California. (Photo by Joe Scarnici/Getty Images for Fortune)

Goldman Sachs

“Today’s decision is a setback for the environment and for the U.S.’s leadership position in the world. #ParisAgreement,” tweeted Goldman Sachs CEO Lloyd Bankfein.

Google CEO Sundar Pichai delivers the keynote address at the Google I/O 2017 Conference at Shoreline Amphitheater on May 17, 2017 in Mountain View, California (Photo by Justin Sullivan/Getty Images)

Google

“Disappointed with today’s decision. Google will keep working hard for a cleaner, more prosperous future for all,” tweeted Google CEO Sundar Pichai.

IBM CEO Virginia Marie ‘Ginni’ Rometty (R) during a roundtable discussion on vocational training with United States and German business leaders lead in the Cabinet Room of the White House on March 17, 2017 in Washington, DC. (Photo by Pat Benic-Pool/Getty Images)

IBM

“IBM today is reaffirming its support for the Paris Climate Agreement and stating clearly how we will continue our decades-long work to lower greenhouse gas emissions. Our call for an international agreement on this issue is more than a decade old, and we first voiced our support for the Paris Agreement in 2015 when it was negotiated,” said IBM in a statement.

Intel CEO Brian Krzanich is interviewed on the floor of the New York Stock Exchange, Monday, March 13, 2017. Intel will buy Israel’s Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology. (AP Photo/Richard Drew)

Intel

“We operate in a global economy, and if we’re not part of the global agreement on climate we are susceptible to retaliation through border taxes and other [measures],” global director of environment and energy policy at Intel, Stephen Harper, told the Financial Times.

Brad Smith addresses shareholders during Microsoft Shareholders Meeting December 3, 2014 in Bellevue, Washington (Photo by Stephen Brashear/Getty Images)

Microsoft

“We’re disappointed with the decision to exit the Paris Agreement. Microsoft remains committed to doing our part to achieve its goals,” tweeted Microsoft president Brad Smith.

Chief Executive Officer of Nike, Inc, Mark Parker speaks during the Nike Innovation For Everybody Unveiling at Skylight at Moynihan Station on March 16, 2016 in New York City. (Photo by Mike Coppola/Getty Images)

Nike

“We are deeply disappointed by the recent shift in climate policy. Nike believes that climate change is a serious global threat and that the world will need to radically redesign industrial systems and economies in order to enable a low-carbon growth economy,” Nike said in a statement.

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“We will continue to honor the core commitments of the American Business Act on Climate Change Pledge, including reaching 100 percent renewable energy in all Nike-owned or -operated facilities around the world by 2025, participating in the U.S. Department of Energy’s Better Buildings Challenge and advancing materials innovation globally.”

Marc Benioff, CEO of Salesforce, speaks at the GLAAD Gala at Metreon on September 8, 2016 in San Francisco, California. (Photo by Kimberly White/Getty Images for GLAAD)

Salesforce

“Deeply disappointed by President’s decision to withdraw from Paris Agreement. We will double our efforts to fight climate change,” tweeted Salesforce CEO Marc Benioff.

Elon Musk with Donald Trump and Steve Bannon in February 2017 (AP Photo/Evan Vucci)

Tesla

“Am departing presidential councils. Climate change is real. Leaving Paris is not good for America or the world,” tweeted Tesla and SpaceX founder Elon Musk.

CEO of Twitter and Square Jack Dorsey accepts the award for CEO of the Year onstage during the Thurgood Marshall College Fund 28th Annual Awards Gala at Washington Hilton on November 21, 2016 in Washington, DC. (Photo by Teresa Kroeger/Getty Images for Thurgood Marshall College Fund)

Twitter

“This is an incredibly shortsighted move backwards by the federal government. We’re all on this planet together and we need to work together,” tweeted Twitter CEO Jack Dorsey.

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