Wednesday, July 30, 2014
  • Twitter Revs Explode To $312M

    Twitter on Tuesday reported second-quarter results that easily topped Wall Street expectations. The social-media service saw revenue surge 124% to $312 million. Advertising revenue grew 129% from a year ago to $277 million, with mobile ads accounting for 81% of the total. ...Read the whole story

  • Instagram Slowly Rolls Out Bolt App

    As part of Facebook's broader messaging strategy, its Instagram unit is slowly rolling out a Snapchat-like service named Bolt. Launched on Tuesday in New Zealand, Singapore and South Africa, Bolt is a one-to-one messaging app that lets users shoot and send photos and videos with a single tap. ...Read the whole story

  • Privacy Coalition Urges FTC To Block Facebook's Behavioral-Advertising Plan

    The TransAtlantic Consumer Dialogue argues that Facebook's new initiative marks a departure from its prior statements eschewing broad online behavioral advertising. They want regulators to block Facebook from broadening its online ad program. ...Read the whole story

  • New App Needed To Send Facebook Mobile Messages

    Moving ahead with its siloed app strategy, Facebook is reminding users that they will soon need a separate app to message friends from their mobile devices. The move is part of Facebook's broader strategy to offer additional apps, rather than squeeze its full suite of services into a single mobile offering. ...Read the whole story

  • Palantir Buys Poptip, Ups Brand Data Capacity

    In an effort to improve its social bona fides, data search firm Palantir has agreed to buy social listening shop Poptip. Within Palantir, the Poptip team is expected to continue building products for data analysis in the commercial sector. ...Read the whole story

Around The Net

  • Snapchat Eying Fresh Investment At $10B ValuationBloomberg

    Snapchat is presently rounding up several investors, including Alibaba Group Holding, for another cash infusion, which would value the messaging startup at $10 billion. That’s what sources tell Bloomberg. “The talks are ongoing and the terms of the funding may change,” it reports. To date, Snapchat has raised roughly $100 million from Lightspeed Venture Partners, Benchmark, and Institutional Venture Partners, among others. ...Read the whole story

  • Facebook Ditching "Gifts" ServiceTechCrunch

    Facebook is giving up on Gifts. Next month, the social giant plans to stop selling gift cards for businesses like Starbucks and iTunes, and refocus its ecommerce energies on its new Buy button, and other initiatives.  Since its launch in 2012, “The gifting experience just didn’t fit naturally into Facebook,” TechCrunch writes. “By selling ads and potentially charging a revenue share for products bought through the Buy button, Facebook could make plenty of money on commerce without having to host its own Gifts store or bombard people with Gifts prompts on their friends’ birthdays.”  ...Read the whole story

Twitter On Solid Ground To Continue Growth After World Cup

Twitter has finally done it -- a quarter it can be proud of rather than forced to grin and endure. There will be a question mark over whether it was simply propelled into advertising growth by ...More