In: Business News
13 up-and-coming New York City restaurants you need to try right nowJuly 14, 2016
Tired of heading to the same lunch and dinner places in New York City? Foursquare's “Trending This Week” list has got you covered.
Combining implicit visits from the city guide app's users' activity with the check-ins that came from its sister app, Swarm, “Trending This Week” is a weekly roundup of new places that are sure to be buzzing. The list is updated each Tuesday morning.
These 13 restaurants are sure to speak to your taste buds and Instagram followers. We suggest placing your reservations now.
SEE ALSO: The best steakhouse in every state
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13. Coco & Cru
643 Broadway, Greenwich Village
Experience the flavors of Sydney, Australia, at this Greenwich Village cafe. Stop by Coco & Cru for lunch, dinner, and a very special brunch dining experience.
“Get your Aussie fix with a flat white here. They make a pretty mean bacon and egg roll, and have Coopers beer on tap,” says Foursquare use..Read More
Crowdcube has attracted £39 million to its crowdfunding campaignJuly 14, 2016
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..Read More
The biggest tech IPO of the year is soaring in its debut (LN)July 14, 2016
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..Read More
Astronomers peered deeper into the Orion Nebula than ever before — here’s what they sawJuly 14, 2016
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..Read More
McDonald’s has put an end to an unexpected consequence of offering free Wi-FiJuly 14, 2016
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.
Demand for the iPhone 7 is healthy (AAPL)July 14, 2016
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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 ..Read More
Apple thinks about TV like a tech company, and that could be a big mistake (AAPL)July 14, 2016
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..Read More
Apple’s TV boss isn’t a ‘big fan’ of internet-TV packages (AAPL)July 14, 2016
Apple Senior Vice President Eddy Cue is Apple's most “Hollywood” executive.
He spends five to six days in Los Angeles a month, checking in on Apple's music office there and taking meetings with Hollywood dealmakers.
In a Hollywood Reporter interview published on Thursday, Cue talks about what former CEO Steve Jobs taught him about Hollywood, how Apple Music is fighting against Spotify, and why the tech giant would never buy a studio.
But perhaps his most interesting answer was about the Apple TV.
Cue spearheaded the set-top box's development, and it was widely rumored that he was looking to put together a live-TV-streaming service to coincide with the device's launch, but the deals reportedly didn't come together in time.
When asked if Apple would put together its own streaming-TV service, Cue told the Hollywood Reporter (emphasis added):
“Whether we're providing it or somebody else is, it really doesn't matter to us. What we're trying ..Read More
Facebook is giving a boost to Apple’s secret smash hit (AAPL, FB)July 14, 2016
Back in 2014, Apple introduced Swift — a new programming language for iPhone and Mac apps that it billed as faster, more elegant, and easier to learn than anything else out there.
Since then, Swift has grown into a behind-the-scenes phenomenon in the world of software development. Lyft rewrote its entire iPhone app to run in Swift, and companies like LinkedIn and Facebook are exploring using it for new apps.
Now, Facebook is joining the party with the beta introduction of the Facebook SDK for Swift, a new set of tools for adding stuff like Facebook Login and the Share to Facebook button into apps written in the Swift programming language.
And, because Facebook loves giving software away for free, the source code to the Facebook SDK for Swift is available as open source, for anybody anywhere to download and tinker with to their liking.
Apple has been pitching Swift as the language of choice for people, especially kids, learning to code. And by releasing the language freely as open s..Read More
The 9 biggest reasons people get fired by companies they foundedJuly 14, 2016
Being a founder doesn't prevent you from potentially getting fired.
Guys like Apple's Steve Jobs and Twitter's Jack Dorsey are some of the high-profile founders that once got pushed out by the board, one way or another.
How does it happen?
This Quora thread offers a few good answers to why people often get fired by the companies they founded. We narrowed the responses down to 9 of the most compelling reasons.
Here they are:
SEE ALSO: These apps will help you sell more and make a lot of money
They stopped being useful to the company.
“Founding a company doesn't entitle you to lifetime tenure. Like every employee, you have to earn and re-earn your standing – and companies are pretty unsentimental about that stuff. If you stop being useful, you get quickly shuttled to the side.” — Tim Westergren, Founder/CEO of Pandora
They got too greedy.
“If you push the investors too hard in particular in valuation, out of their comfort zone … sometimes they will still do ..Read More