European social media success thwarted by U.S. giants


The Americans are coming, and Europe's social media platforms are losing ground. But many local brands are still doing fine business connecting the continent's consumers. In the past few years several high-profile European social media brands have imploded. Wer-kennt-wen (Who knows whom) and StudiVZ were once giants of the burgeoning German scene, … [Read more...]

LinkedIn scares investors with weak forecast


LinkedIn’s fourth quarter report revealed a healthy three months for the professional social media network, but a weaker outlook caused investors to worry. The company also announced its largest acquisition yet. LinkedIn’s revenues stood at $447.2 million for the fourth quarter of 2013, beating Reuters’ estimate of $437.88 million by more than $9 … [Read more...]

Twitter shares nosedive as growth of new users slows

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Twitter shares plummeted in after-market trading after data revealed the social media website is attracting fewer new users than investors had hoped. The company beat analyst estimates in its fourth quarter earnings report on both revenue and earnings per share, but this was overshadowed by the slowing number of new monthly active users. Shares … [Read more...]

Facebook reports mobile revenue surge as shares soar


Facebook’s sales and profits for the fourth quarter of 2013 beat Wall Street’s expectations, sending the social network’s shares soaring in after-hours trading on Wednesday. The company’s profits hit $523 million for the fourth quarter of last year, up from $64 million for the same period the year before. Adjusted earnings per share stood at 31 … [Read more...]

Pinterest Raises Huge Round……Again

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America’s prettiest social media platform just raised a massive Series E to develop, monetize and globalize its service. Pinterest, the e-community built on image-sharing and “pinning,” today confirms a $225 million funding round that brings total investment behind the company to more than $538 million. That’s a lot of dough for a business model … [Read more...]

Twitter Goes NYSE for IPO


A rear view mirror lets Twitter map a different path to IPO than Facebook, one planned perhaps in the hopes of evading pitfalls that plagued the latter’s 2012 public offering. On Tuesday, Twitter announced in an updated S-1 filing that the company brings its listing to the New York Stock Exchange. “This is a decisive win for the NYSE,” was the New … [Read more...]

Taking on Twitter’s Vine, Instagram Launches Video Sharing


Instagram announced video sharing capabilities this week at a special event in Facebook’s headquarters, giving Twitter’s Vine a run for its money. Instagram will enable 15-second clips of video (with a three second minimum), a bet on slightly larger content over Vine’s six seconds, and comes backed with 13 different filtering capabilities that work … [Read more...]

Fab Scores $150M at $1B Valuation to Expand Internationally

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Fab has come a long way since its original debut back in 2010 as, a gay social network. The company evolved from a social meet up place into a flash-sales pipeline, and has since morphed into an entity offering its own products with plans to soon open a physical design store of its own. Based in New York City, the company has … [Read more...]

Facebook’s Like Button Knows You Better than You Do


Facebook knows all about you, more than you probably know about yourself. A new study reveals that Facebook “Like” button data can reveal a surprising amount of information. Studying more than 58,000 volunteers who participated in the “myPersonality” app on Facebook, the research shows that the magical “Like” thumb can be used with over 80 percent … [Read more...]

Facebook Launches Free Calling on iOS App


Facebook may have thrown its idea for a Facebook phone into the virtual trash bin, but that doesn’t mean the company has abandoned voice. Its latest update for its iOS app allows users in the US and Canada to place voice calls to other users, even if they don’t know the other person’s phone number, providing both are online and have the latest … [Read more...]