Spotify is in ‘advanced talks’ to buy SoundCloud

Spotify is in 'advanced talks' to buy SoundCloud

Those rumors that SoundCloud is shopping itself around? They just got more substantial. Financial Times sources understand that Spotify is in "advanced talks" to buy SoundCloud. Details of the terms are still scarce at the moment, but it won't surprise you to hear that Spotify is declining to comment. We've asked SoundCloud for its take as well. A buyout would be expensive for Spotify, which is seeing a surge of paying customers but still isn't turning a profit. However, it would definitely make a sense from a strategic perspective.

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This 3-Mile-Long Nazi Resort is Being Resurrected as a Luxury Getaway

This 3-Mile-Long Nazi Resort is Being Resurrected as a Luxury Getaway

Three years before Germany invaded Poland in 1939, Adolf Hitler ordered the construction of the world's largest tourist resort, located on a beachfront property on the island of Rügen. The Nazis called it Prora. Capable of holding more than 20,000 residents at a single time, Prora was meant to comfort the weary German worker who toiled away in a factory without respite. According to historian and tour guide Roger Moorhouse, it was also meant to serve as the carrot to the stick of the Gestapo—a pacifying gesture to get the German people on Hitler's side.

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BlackBerry confirms it will end in-house hardware development, will outsource to partners instead

BlackBerry confirms it will end in-house hardware development, will outsource to partners instead

Ailing mobile phone giant BlackBerry has confirmed long-standing rumors that it would stop making hardware, and instead would focus on software and services. Announcing its Q2 Fiscal 2017 financials today, BlackBerry revealed that it made a mere $352 million in the last quarter, down by more than $100 million year-on-year and down by $1.3 billion on three years previous. But buried within all the financial hullabaloo, CEO John Chen said that the company would now move to outsource its hardware manufacturing to third parties, and announced its first such deal.

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Extreme Weather Cost U.S. Taxpayers $67 Billion

Extreme Weather Cost U.S. Taxpayers $67 Billion

Climate change will worsen heat waves, winter storms, and hurricanes. It will exacerbate extremes in precipitation, leading to more severe droughts and wildfires in some areas and heavier rainfall and flooding in others. And when the damage is done, taxpayers will be left to pick up the bill.

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When Restaurants Ditch the Dining Room

When Restaurants Ditch the Dining Room

In a city where restaurants frequently blame closures on a brutal real estate market, a new solution has taken hold: Why not get rid of the dining room? Of course! If no one actually has to come to your restaurant, all sorts of problems are no longer an issue. You don’t need an attractive location, artistic ceramic bowls, quirky wallpaper in the bathroom, printed menus, service staff — way less risk of failure. Just put up a website, and install a button that says "delivery."

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Amazon’s Newest Ambition: Competing Directly With UPS and FedEx

Amazon’s Newest Ambition: Competing Directly With UPS and FedEx

Just before the morning rush hour on a recent Thursday, a brigade of vans rolled up to a low-slung warehouse near Los Angeles International Airport. Workers in bright green vests crammed some 150 Amazon.com packages into each truck before the fleet headed through the urban sprawl to customers’ doorsteps. This logistical dance wasn’t performed by United Parcel Service Inc., FedEx Corp. or the U.S. Postal Service, all longtime carriers for the online retailer.

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Credit card payments surpass cash worldwide for the first time ever

Credit card payments surpass cash worldwide for the first time ever

Is this the beginning of the end for cash? As consumers have increasingly used credit and debit cards and made purchases online and on apps, they’ve used less and less cash; in 2016, consumers will spend a greater amount on cards than they do with cash for the first time, according to the market-research firm Euromonitor International, which has been tracking consumer payments over the last several decades.

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