THE DRUM - Nov 20 - Only 35% have reported abuse on social networks. A survey of 5,517 UK citizens found that one in 12 of users have suffered trolling on social media. More users of Ask.fm (15 per cent) had experienced abuse than any other network.
SMH.COM.AU - Nov 20 - Financial advisors and M&A experts are projecting a mini dot.com boom in 2014 as low returns on cash holdings and unstable equity markets force venture capitalists and wealthy individuals to consider alternative high growth sectors. While VCs look for management with a proven track record, start-ups are increasingly picky about who they accept capital from. Dean Kelly, who quit running his Zanui online furniture business last week to launch a new social media mobile app HeyLets agrees. HeyLets is looking to raise Series A capital of ~$2M in the next three months. Although Kelly is in discussions with two Aussie investors, he’s taken calls from another five US VCs. HeyLets is the brainchild of Aussie entrepreneur, Justin Parfitt.
CBR ONLINE - Nov 18 - Facebook has modified its privacy guidelines, eliminating a proposed controversial line about using teenagers' content in adverts on the site. Proposed in Aug 2013, the updated guidelines were aimed at relaxing policies on the use of names, profile photos and other information in online promotions.
TECH2.IN - Nov 15 - Google apparently tried to trump Facebook with its offer of $4 billion but Snapchat’s CEO turned down this offer as well. The first company interested in Snapchat was WeChat creator Tencent. The company was willing to offer a valuation of $3 - $4 billion. Then came Facebook and Google with similar quotes. Snapchat wait till 2014 to raise funding.
by Nishtha Kanal
See full article at Tech2.in
MASHABLE - Nov 16 - Pinterest has added four new languages as the company expanded into Denmark, Sweden, Norway and Finland. Pinterest will add five additional countries before the year ends with another 10 planned for 2014. Pinterest does not disclose its total user base, but says that international users have grown by 125% since January.
WSJ - Nov 14 - Snapchat is being wooed by other investors and potential acquirers. Chinese e-commerce giant Tencent Holdings had offered to lead an investment that would value Snapchat at $4 billion. Evan Spiegel, Snapchat’s co-founder and CEO, will not likely consider an acquisition or an investment at least until early next year. Facebook had earlier offered $1 billion, and last week the offer was $3 billion.
TECH CRUNCH - Nov 14 - 23snaps, an app for families, has half a million users now. That includes both the content creators as well as recipients who engage by liking and commenting on photos. ~60% of its users are active on a weekly basis. 23snaps competes with other apps like eFamily, Tweekaboo, Notabli, Kidfolio, JustFamily, Care.com’s Karoo, Hubble, SquareHub, and more.
by Chung Hyun-chae
See full article at Korea Times
TECH IN ASIA - Nov 14 - ~100K accounts on Sina Weibo have been closed or in some way punished for flouting these rules:
Critics fear that the real purpose of these is to further clamp down on the few tiny, shattered remnants of free speech on the Chinese Web. In Sep, China said that posting defamatory comments could lead to jail time if the content went viral and got ~500 Weibo retweets.
OPW - Nov 12 - Shagbook is celebrating a small victory in the "Facebook vs Shagbook" battle. For those of you who aren't familiar with the case, here is how it all started: SNRG, a parent company of adult dating site Shagbook, registered the mark "Shagbook" in 2010. Facebook filed suit against them in 2011, claiming that the name creates a false suggestion of an affiliation with Facebook. Shagbook filed its own opposition, along with counterclaims, with the US Patent and Trademark Office (USPTO). In the filing, Shagbook denied Facebook's allegation and challenged the validity of FB's trademark, arguing that it it's too generic and not worthy of a trademark. Facebook immediately filed motions to dismiss the charges but it was denied. The USPTO ruled in Shagbook's favor so they can now proceed ahead with discovery on the fraud and generic-ness claims.
This post also appears on OnlinePersonalsWatch.
TECH CRUNCH - Nov 11 - While there have been reports about an IPO next year, the company remained quiet on the subject. The app has 49M registered users in Japan. After Japan, their big growth markets are Taiwan and Thailand. Then they’ll be looking at Mexico, Spain and Brazil.
BLOOMBERG - Nov 11 - Marc Andreessen's VC firm sold a third of its holdings in Facebook after the stock price reached a record last month. The shares were sold for $49 to $50 apiece, making the divestment worth ~$111M. The firm still holds 4.57M shares.
CNET NEWS - Nov 7 - Twitter's IPO went off without a hitch today. Its first day closing price was up 73%, finishing at $44.94 and giving the company a market capitalization of $24.48 billion. A first-day pop is common. The question is why there was so much enthusiasm for a company that has never made a dime of profit. It is perhaps the company's ability to convince big advertisers that it will figure out how to turn the billions of tweets sent each week into a lucrative platform.
MEETME CORP - Nov 7 - Q3 revenue was $10.1M. Mobile revenue reached another quarterly record of $2.9M, up 65% YOY and 12% sequentially from the Q2 of 2013. Net loss improved to $1.5M, compared with a net loss of $2.6M in Q3 2012. Monthly active users (MAUs) increased ~37%, averaging 5.34M. Mobile MAUs increased 36% to 2.66M.
This post also appears on OnlinePersonalsWatch.
USA TODAY - Nov 6 - Twitter twice raised the price to $26, giving it a market valuation of $18.3 billion, making it one of the largest tech IPOs in 10 years. LinkedIn and Facebook have price-to-sales ratios of 12-to-1. Google is valued at about six times expected 2014 sales. Twitter's a price-to-expected-sales ratio is 16 even before it starts trading. Twitter isn't expected to be profitable this year.