Iron Mountain acquires IO Data Centers US operations for $1.3 billion

Iron Mountain acquires IO Data Centers US operations for .3 billion Iron Mountain announced today that it’s acquiring the US data center assets of IO Data Centers for a cool $1.3 billion — and the price tag could potentially go higher With today’s purchase, Iron Mountain gets some serious assets including four state-of-the-art data centers in Phoenix and Scottsdale, Arizona, Edison, New Jersey and Columbus, Ohio. The four buildings in total encompass 728,000 square feet of data center real estate with 68 megawatts of capacity. Iron Mountain also reported there is…

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Technology 

Skin betting: 500,000 children gamble every week, Gambling Commission warns

Skin betting: 500,000 children gamble every week, Gambling Commission warns About half a million children and young people gamble every week, a Gambling Commission report is expected to show. The regulator has warned that children as young as 11 are using so-called skin betting websites, which let players gamble with virtual items as currency. The items won – usually modified guns or knives within a video game known as a skin – can often be sold and turned back in to real money. The Gambling Commission is releasing its annual…

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Max Levchin’s Affirm raised $200 million at nearly $2 billion valuation

Max Levchin’s Affirm raised 0 million at nearly billion valuation Affirm, the platform that helps consumers find financing is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion, as first reported by the Wall Street Journal. Investors are betting on Max Levchin, the PayPal co-founder who runs Affirm. “The growth of the company has been…

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Former Gawker employees are crowdfunding an effort to buy Gawker.com

Former Gawker employees are crowdfunding an effort to buy Gawker.com Gawker may soon return from the dead. While Univision acquired most of Gawker Media’s sites last year (and renamed them as the Gizmodo Media Group), the deal didn’t include Gawker itself. In fact, BuzzFeed reported last month that a bankruptcy administrator has not been able to find a buyer for the Gawker site, and that lawyers for Peter Thiel (the billionaire venture capitalist who helped fund the lawsuit that led to Gawker’s bankruptcy) were arguing that he’d been unfairly excluded…

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Netflix users collectively watched 1 billion hours of content per week in 2017

Netflix users collectively watched 1 billion hours of content per week in 2017 Netflix users burned a lot of time watching content in 2017, though metrics seem to point that users have been watching less and less on average over time. In a year-end blog post, the streaming service announced that users watched more than 140 million hours of content per day, or 1 billion hours per week. As of Q3 2017, the company has more than 109 million subscribers, a little less than half of which are in the US….

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N26 partners with Younited Credit to launch credit offering in France

N26 partners with Younited Credit to launch credit offering in France German startup N26 is now live in 17 European countries, but many features first launched in Germany and never made their way to other markets. The startup is slowly expanding core features to other key markets. That’s why the company is partnering with Younited Credit to launch consumer credit in France. It works pretty much like the existing credit feature in Germany. In the app, you swipe to the credit tab and answer a few questions about yourself. You’ll…

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Instagram hires Twitter’s former VP of revenue product

Instagram hires Twitter’s former VP of revenue product Instagram made a big hire last week when it brought on board Ameet Ranadive, Twitter’s former VP of revenue product. At Instagram, Ranadive is working as director of product overseeing the Wellbeing team, “which helps promote positive behavior on Instagram and protects the community from bad behavior and content,” he posted on Twitter on Friday. As head of the Wellbeing team, Ranadive will be tasked with building products that foster better behavior within the Instagram community. Quick fun/sad fact is that Instagram…

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Google launches three new photography apps for testing experimental technology

Google launches three new photography apps for testing experimental technology Google today is launching a trio of new photo apps – a part of new series of what it has dubbed photography “appsperiments.” (Get it? Ha ha.) The apps, some of which are available on both the iOS App Store and Google Play, give Google a way to test out more experimental features to see how users respond, the company explains in an announcement on its Google Research blog. The apps involve a number of technologies now in development at…

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Popular podcast ‘Welcome to Night Vale’ scores an FX development deal

Popular podcast ‘Welcome to Night Vale’ scores an FX development deal With narrative podcasting on the rise over the last couple of years, it’s no surprise, really, that television executives have begun looking at the medium as a resource for new shows. In fact, podcasting network Gimlet has been very open about the business model of licensing IP to movies and networks. If there is a surprise in all of this, it’s that Welcome to Night Vale didn’t get picked up sooner. The podcast has developed an organic fan base…

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U2 knocks Taylor Swift's 'Reputation' off Billboard top spot

U2 knocks Taylor Swift's 'Reputation' off Billboard top spot LOS ANGELES (Reuters) – U2 knocked Taylor Swift off her perch at the top of the Billboard 200 album chart with its new release “Songs of Experience,” giving the Irish band its eighth No. 1 album in the United States. Irish group U2 receive an award at the 2017 MTV Europe Music Awards at Wembley Arena in London, Britain, November 12, 2017. REUTERS/Dylan Martinez “Songs of Experience” sold more than 185,000 units in its first week, according to Nielsen Music data…

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