Mobile Minutes: Best Buy and virtual reality; New digital currency; Spotify’s IPO plans; Facebook’s political views
Best Buy poised to be virtual reality’s first mainstream test
In what’s seen as the first mainstream test of VR products, Best Buy began rolling out demonstrations for Facebook Inc.’s Oculus Rift headsets in May and will have them in 500 stores for the holiday-shopping season.
Read more on Bloomberg
Big banks plan to coin new digital currency
Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin.
Read more on CNBC
Spotify has a big wrinkle iron out before it goes public
Spotify is reportedly working toward becoming a publicly traded company sometime next year. But first, the streaming music service has a few wrinkles to iron out, namely long-term streaming rights for its vast catalog of music.
Read more on Fortune
Find out what Facebook thinks about your political views
As The New York Times first reported, Facebook classifies your account as Conservative, Moderate or Liberal based on a myriad of factors, even if you don’t partake in political coverage. Facebook provides advertisers with this data (anonymized) to help them better target users.
Read more on CNET