Spotify piles up $1 billion in debt to fuel expansion

It will be in Spotify’s interest to go public within a year. In a deal that has been labeled by onlookers as “devilish” and “strict”, Spotify has raised $1 billion through convertible bonds, rather than the more traditional equity funding round. The new debt comes attached with some rather restrictive terms related to Spotify going…

Korean researchers figure out a way to sniff E-coli in food

The technique even works when the food is packed with a cellophane. In order to scientifically determine the amount of creepy crawlies strolling around your leftovers, scientists have developed a sniff test that will tell you exactly that. Researchers from the Korea Advanced Institutes of Science and Technology are using lasers to determine the quantum of…

Mark Zuckerberg: Virtual Reality Is a New Social Platform

The founder of Facebook, the largest social network in the world, Mark Zuckerberg suddenly appeared at presentation event dedicated to the new Samsung smartphones at Mobile World Congress in Barcelona to talk about virtual reality and the prospects of this market. He showed up after the attended journalists were asked to put on the Gear…

Barack Obama is going to Cuba

Reuters and AFP with reference to sources in the US administration reported that Barack Obama is going to visit Cuba soon. The White House is expected to officially announce this today. A possible visit of Mr. Obama became known in early January. If it takes place, Barack Obama will become the first US president to…

Hoverboards Burning When Riding

U.K. trading standards officers warned Britons from buying suspicious hoverboards (self-balancing boards, segway-like) because of risk of fire or explosion. According to the British authorities, 88% of all examined hoverboards (about 15 th.) turned out to be unsafe and were detained at the border. UK detained about 15 th. hoverboards at the border because of…