TC Roundup: Apple acquires Spotsetter, a social search engine for places

9 Jun, 2014

Apple acquires Spotsetter, a social search engine for places: Spotsetter, a social search engine using big data to offer personalized recommendations as to places to go, has been quietly snapped up by Apple, TechCrunch has learned. The technology, which involves layering social data on top of a maps interface could be used to beef up Apple Maps with features competitor Google lacks. (Techcrunch)

Meet the world's first publicly traded tech incubator: Joey Ricard is the president of Development Capital Group OTCBB: DLPM, the first publicly traded tech accelerator. Startups in Silicon Valley are queuing up to gain a place at tech accelerators like Y Combinator, 500 Startups, and Techstars; but only accredited investors can get in on the deals. (VentureBeat)

Uber and Lyft told to shut down by Virginia as rows erupt worldwide: Transport services Uber and Lyft have been ordered to shut down their operations in Virginia, the US's 12th most populous state, in yet another tussle with authority for the internet-based companies. (The Guardian)