Crowdcube has attracted £39 million to its crowdfunding campaign
Investors keen to put money into the UK's biggest crowdfunding platform Crowdcube have pledged £39 million ($51.8 million) of financing — smashing the platform's initial target of £5 million. Crowdcube announced at the start of the month that it was hoping to raise £5 million in a crowdfunding campaign on its own platform later this month. The company set up a pre-registration page at the time, where would-be backers could pledge how much they would like to invest. Crowdcube cofounder Luke Lang confirmed to Business Insider over email that pre-registrations have now passed £39 million, 10 days after the page went live. He told BI: "We've have been overwhelmed with the response with thousands registering their interest. It is a humbling show of support from our investor community." Lang wouldn't say whether Crowdcube plans to raise its investment target to accommodate some or all of the extra investment that people are willing to give. The pre-registrations appea..
The biggest tech IPO of the year is soaring in its debut (LN)
The largest initial public offering (IPO) in the tech sector this year is off to a solid start. Shares of Line, a Japanese mobile-messaging app, jumped 30% in their debut on Thursday. The stock opened at $42 a share and had been priced at $32.84. Line is putting up 22 million shares in New York, and 13 million shares on the Tokyo stock exchange. The company was expected to raise more than $1 billion in its debut. It's been a relatively slow year for IPOs, and Line is only the fifth tech company to go public in 2016. The market sell-off at the start of the year put many companies off the public markets. The stock is trading on the New York Stock Exchange with the ticker "LN." Line launched in Japan in 2011 and had more than 200 million monthly active users in March, with a strong presence in Asia, the company said. It competes with Facebook Messenger and WhatsApp and is used in 230 countries. It earned $1.07 billion in revenues last year, primarily by selling messaging stic..
Astronomers peered deeper into the Orion Nebula than ever before — here’s what they saw
Astronomers working at the Very Large Telescope (VLT) in Chile have captured the deepest, most detailed image of the Orion Nebula to date. The team used an infrared instrument called HAWK-I, which is mounted to the VLT, to capture this and several other breathtaking images. The famous Orion Nebula, located 1,350 light years from the sun, spans about 24 light-years within the constellation of Orion. It is visible from Earth with the naked eye, as a fuzzy patch in Orion’s sword, the European Space Observatory (ESO) said. Like some other nebulae, Orion is strongly illuminated by ultraviolet radiation from tons of hot stars born inside it. According to an ESO press release, the images reveal a wealth of low mass bodies, like faint brown dwarfs (failed stars) and planet-sized objects. This gives astronomers a deeper look into the history of star formation within the nebula. Because of how close the Orion Nebula is, the ESO says it’s a prefect test bed for understanding the process and..
McDonald’s has put an end to an unexpected consequence of offering free Wi-Fi
Customers can no longer watch porn at McDonald's. The fast-food chain began implementing a filtered Wi-Fi policy in corporate-owned locations earlier this year, according to Enough Is Enough, an internet-safety organization. Now the organization reports that the majority of McDonald's restaurants now offer filtered Wi-Fi access. "Parents can have peace of mind that, when they or their children go to McDonald's, they will have a safer and more friendly Wi-Fi experience, filtered from pornography, from child porn and from potential sexual exploitation and predation," Donna Rice Hughes, president of EIE, said in a statement on Wednesday. "McDonald's deserves widespread praise for this act of corporate responsibility and commitment to children and family safety." EIE has been pressuring McDonald's to block explicit content for two years, The New York Post reports. Other chains that have agreed to filter Wi-Fi include Panera Bread, Subway, and Chick-fil-A. Cust..
Demand for the iPhone 7 is healthy (AAPL)
This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here. Sales of the impending iPhone 7 may be almost 10% higher in Q4 2016 than sales of the iPhone 6s were over the same period last year, according to a recent survey by Piper Jaffray cited by 9to5Mac. About 15% of the US iPhone users who responded to the survey said they intend to upgrade to the iPhone 7 or 7 Plus this year, and another 30% indicated they might upgrade. If this holds true, sales of the iPhone 7 would be on par with sales of the iPhone 6, and they would surpass sales of the iPhone 6s, which saw Apple’s first-ever YoY decline in devices sales. The survey results are important considering that the iPhone 7 is rumored to lack any meaningful design changes from the iPhone's latest iteration, the 6s. Apple typically releases new phone models and software upgrades on an alternating annual basis, referred to as a “tick-tock” schedule. Device ..
Apple thinks about TV like a tech company, and that could be a big mistake (AAPL)
In an interview published Thursday, Apple SVP Eddy Cue talked to The Hollywood Reporter about Apple's ambitions in TV. His answers made it clear that Apple thinks about TV very much like a tech company. This isn't necessarily a good thing. When Cue talked about people's frustration with big, 100+ channel cable bundles, he characterized it as a tech problem. "I think it's a misconception," he said. "[With 'skinny bundle' small packages] most people, at the end of the day, end up paying more, not less, for the things they love." The problem isn't with the big bundle, but with the features you are getting with it, according to Cue. "They're not getting the features that they want," he continued. "The fact that I have to set things to record seems idiotic. And channel guides — I get home and I want to watch a Duke basketball game; why do I have to go hunting to find out what channel it's on? ... Those technical capabilities exist today. They..