Happy Friday, Austin! Hope you have festive plans for the weekend. Here's some of the tech news we're reading about:
Hype vs. reality at Magic Leap
As many in the tech industry suspected, the mystery behind Florida-based mixed-reality company Magic Leap is not quite as magical as we were led to believe. A report from The Information that includes comment from the company's CEO Rony Abovitz suggests that the technology at the company, which has raised $1.4 billion from Google and other investors, is much further behind than claimed. It also doesn't compare favorably with Microsoft's HoloLens, which is similar, and the company is backing off on some of the tech promises it made in its initial video pitch. Magic Leap has an office it opened in Austin earlier this year.
Breaking: Breaking News to shut down
Poynter reports that the Breaking News app from NBC News is shutting down in the coming weeks. It's been a struggle for apps like these including Circa and NYT Now. About 20 employees will be affected and NBC News says it is trying to find jobs for as many of them as possible. The app is best known for its push notifications.
Microsoft completes LinkedIn acquisition
Microsoft's $26.2 billion bet on LinkedIn made news on Thursday as the deal closed. Microsoft's CEO Satya Nadella said he intends to make the purchase work by keeping on Jeff Weiner, the head of LinkedIn, and began to describe the ways the service will be integrated into Microsoft's stable of products.
Spotify not likely to buy SoundCloud
Well, it sounded like a good idea at the time. TechCrunch reports that Spotify is backing away from talks to acquire audio-publishing service SoundCloud. Spotify reportedly worried that it could adversely affect its planned IPO, which may happen sometime next year.
Get Ready to "Run"
Gamers are excited about next week's launch on iOS of "Super Mario Run," Nintendo's first smart phone action game. The Verge has a preview of what you can expect, and so far buzz is positive that it'll please longtime fans of the Mario franchise.
Want to see one of the videos that is not causing trouble now for Magic Leap? Here's one they release a year and a half ago, that was reportedly created by an effects company, not an actual demonstration of its technology:
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