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Cisco is spending $293 million to buy cloud security company CloudLock (CSCO)
June 28, 2016

Cisco announced another acquisition Tuesday morning. It's picking up CloudLock, a Waltham, Mass. company with Israeli roots, for $$293 million in cash and assumed equity awards, plus additional retention-based incentives for CloudLock employees who join Cisco, it says.

The company has about 145 employees, it says.

CloudLock was founded in 2007 by three Israelis Gil Zimmermann, Ron Zalkind and Tsahy Shapsa, and had raised about $35 million from backers like Bessemer Venture Partners, Salesforce's venture funds and Boston-based Ascent Venture Partners.

CloudLock makes technology that allows companies to watch the security of their apps in the cloud, ensure employees aren't sharing sensitive data even with cloud apps that are not built or managed by IT. For instance, it can watch files shared via Box, Dropbox, Office 365, Slack and Amazon Web Services. It claims 700 customers including HBO, Motorola, the US Army, and NASA.

CloudLock fits into Cisco's portfolio in a..

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The most successful tech IPO of the year is skyrocketing today (TWLO)
June 28, 2016

Twilio, the tech company that had a blockbuster initial public offering last week, is on fire again.

Shares of the company, which makes communications software, wer up as high as 21% in midday trading, at $33 — a new high.

The broader market is enjoying a bounce-back on Tuesday, after the massive sell-off triggered by the Brexit vote last week. But Twilio's pop is much bigger than the Nasdaq Composite's 60 point increase, which is about 1.3%.

And Twilio's gains on Tuesday far exceeded its lost ground, about 5%, over the past couple of days.

There's no immediate news about Twilio's business. On Monday, CNBC “Mad Money” host Jim Cramer endorsed the company, calling it a “unicorn with real value” and noting that the market “may be willing to pay up for growth again.”

SEE ALSO: This VC firm wrote a $125,000 check over breakfast to Twilio — now it owns a $500 million stake in the company

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THE GLOBAL SMARTPHONE REPORT: The forces behind the global deceleration in smartphone sales
June 28, 2016

The global smartphone market is expected to slow considerably over the next few years. Despite a record-setting holiday quarter, 2015 was likely the last year of double-digit growth for smartphone shipments.

Mature markets were at the heart of this year’s deceleration. Adoption has reached new highs in key markets in the United States, Europe, and China. The pool of first-time buyers in these countries is shrinking rapidly, and sales are now primarily coming from phone upgrades.

Meanwhile, emerging markets will continue to see robust shipment growth. India and Indonesia, in particular, will help fuel a large share of the shipments growth within the global smartphone market over the next few years.

In a recent report from BI Intelligence, we updated our smartphone forecast through 2021 to reflect slower, stabilizing growth in the long term.

Here are some key points from the report:

The global smartphone market is still growing at a steady pace due to more widespread adoption in ..

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Silicon Valley is obsessed with building utopian cities of the future
June 28, 2016

It's something of a mantra among urban planners, architects, and Silicon Valley types at this point: The world's population is growing rapidly, and by 2050, over two-thirds of people will live in urban areas. Today's cities can't handle the huge influx of people to come, so we have to make some big changes.

If you listen to Silicon Valley, those changes might look like…new cities entirely.

In the spring, Sidewalk Labs (owned by parent company Alphabet Inc.) announced its intentions to build a “smart city” within one or more existing cities in the US. First up is overhauling parking and ride-sharing in Columbus, Ohio, according to documents obtained by the Guardian. The project, which hasn't been approved yet, will use software to analyze transportation data, create an “Airbnb for cars” where vehicles can use short-term rented parking spots, and use artificial intelligence to help parking cops be more efficient (yay?).

Eventually, Sidewalk Labs envisions te..

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Apple has created a way to restrict your iPhone from taking pictures at concerts — here’s how it works (AAPL)
June 28, 2016

Here's an odd one: Apple was granted a patent on Tuesday that would prevent you from taking pictures with your iPhone at places where it might be inappropriate or prohibited, like concerts or museums.

According to Patently Apple, which first discovered the patent, venues could use infrared emitters to broadcast an infrared signal that would temporarily disable smartphone cameras.

Ironically, the receiver for the infrared signal that would block smartphone cameras would be the smartphone cameras themselves.

If you haven't heard or seen the word “infrared” in a while, that's because it's a pretty old standard that's been used for decades for things like TV remotes, and you won't find many new products these days that boast “infrared functionality.”

However, infrared is perfect for the application described in Apple's patent, as it won't disable your camera unless you're pointing it at something or someone you're not supposed to. For ..

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You can now read J.K. Rowling’s latest short story that takes place in the same world as Harry Potter
June 28, 2016

The latest J.K. Rowling-adapted movie, “Fantastic Beasts and Where to Find Them,” doesn't come out until mid-November. Luckily, Rowling just released the perfect material to hold you over until then: a short story called “Ilvermorny School of Witchcraft and Wizardry.”

The best part? You can read the story right now, for free online, since Rowling published the piece on her entertainment website Pottermore. The new tale is the second entry in Rowling's “Magic in North America” short story collection.

“Ilvermorny School of Witchcraft and Wizardry” takes places at the North American version of Hogwarts and follows Isolt Sayre, who seems a lot like the witch-version of good old Harry: she's parentless and lives with her evil aunt, who refuses to let her attend Hogwarts. The young witch hops across the pond to attend Ilvermorny, which has a sorting ceremony and strangely-named houses of its own.

An introductory trailer accompanies the short digital tale. Check out the tra..

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Why San Francisco is so important to Airbnb
June 28, 2016

On Monday, Airbnb filed suit against the city of San Francisco to stop a new law that would require Airbnb to remove any property whose owners had not registered with the city.

San Francisco is Airbnb's hometown, but it's important for another reason, too. As this chart from Statista shows, San Francisco has the highest proportion of Airbnb listings per 1,000 inhabitants of any city in the United States, by a wide margin. If it suddenly had to remove a large proportion of those listings, that would be a blow to its business. It would also set a precedent that other cities might feel compelled to follow.

SEE ALSO: Why Google would want to build its own phone

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NOW WATCH: This is how you're compromising your identity on Facebook

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People love that hauntingly beautiful song from the Game of Thrones season finale so much that streams jumped 5,827% on Spotify
June 28, 2016

One of best parts of the truly satisfying Game of Thrones season finale was the hauntingly beautiful song that played throughout the opening.

The song, called “Light of the Seven,” was created by Ramin Djawadi, the Grammy-nominated composer who heads up the music for Game of Thrones.

And people were blown away by it if Spotify data is any indication. The song has been available on the Game of Thrones Season 6 soundtrack since June 24, but Spotify tells Business Insider the track saw a 5,827% increase in streams after the finale.

Stream the song on Spotify:

And stream the playlist of music from season six:

SEE ALSO: Here's how the remaining 'Game of Thrones' characters rank by leadership abilities

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NOW WATCH: This explosive elixir played a huge role in the 'Game of Thrones' finale

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The 12 video games you shouldn’t miss this summer
June 28, 2016

Let's be honest: The sun is trying to kill you. Me too! It's coming for all of us, really.

But there's good news too! One simple trick for avoiding the sun's murderous rays is to stay inside and play all the great video games coming out this summer. To that end, we've gathered a dozen of what look to be the best games arriving in this year's hottest months right here. We've ordered them by their respective release dates.
SEE ALSO: The 10 best Wii U games right now

“Mirror's Edge Catalyst”

There are hundreds of first-person games. 99% of those games are shooters, where your first-person view is that of a gun, maybe a hand, and a wide array of enemies with which to employ said gun on. It's a formula that's been done to death, but “Mirror's Edge” pushes back on it in the best way possible.

Rather than a gun, you're a human being employing fancy acrobatics to escape (and occasionally disarm/stun) enemies, many of which are wi..

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Millennials are hooked to their mobile devices and publishers are taking advantage (FB, GOOG, GOOGL)
June 28, 2016

Millennials are hooked to their mobile devices, spending more time than ever connected to smartphone screens. Mobile devices have become the go-to platform for consuming digital media.

BI Intelligence, Business Insider's premium research service, has developed a free report that examines how both traditional and digital publishers are adjusting their strategies in the face of rapidly increasing mobile media consumption.

Today, it can be yours for free. As an added bonus, you will gain immediate access to the team’s exclusive FREE newsletter, BI Intelligence Daily.

To get your copy of this report, simply click here.
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