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Report: Yahoo Will Announce Acquisition of Tumblr Today (SocialTimes)
Yahoo’s board met Sunday and agreed to acquire Tumblr for $1.1 billion in cash, according to AllThingsD. The company was quickly targeted by incoming CEO Marissa Mayer as a larger acquisition target, according to AllThingsD reports. AllThingsD It’s not clear when the official vote was taken, but sources close to the board said the acquisition was a foregone conclusion and was unanimously approved by the directors of Silicon Valley Internet giant. The deal will likely be announced this morning, said numerous sources. The Wall Street Journal Tumblr’s board also has approved the deal, one of the people said. The transaction would add Yahoo to the list of established Internet companies, including Google and Facebook, that have spent $1 billion or more apiece to buy startup companies in hopes of gaining an edge in growth. The New York Times The deal, the seventh since Mayer defected from Google last summer to take over the company, would be her biggest yet. It is meant to give her company more appeal to young people, and to make up for years of missing out on the revolutions in social networking and mobile devices. Tumblr has over 108 million blogs, with many highly active users. Adweek While it remains to be seen how the two companies will mesh and what lies in store for the Tumblr brand and its management team, the pair do seem to present a good fit. Yahoo needs Tumblr’s cachet among both engineers and advertisers, while Tumblr needs big help taking monetization to the next level.
Illinois Gov. Pat Quinn Signs Crackdown on Social Media ‘Flash Mob’ Attacks (Chicago Sun-Times)
Gov. Pat Quinn signed legislation on Saturday that doubles the maximum prison term — to six years — for anyone who uses social media and text messaging to organize violent “flash mobs.” The legislation was in response to recent incidents in Chicago that left business owners fearful that tourists and others would be scared off. WGN “We don’t want flash mobs harming anyone, anywhere, but especially where many people come from other states, other countries,” Quinn said. “We want to make sure we protect other people.” The Guardian Express Chicago police report that several hundred people – mostly teenagers – used Facebook, Twitter and text messages to organize a flash mob on Michigan Avenue in March. They ran through the fashionable shopping district bumping into people and yelling as they ran back and forth.
Facebook Launches Offers for Android (AllFacebook)
Facebook announced Friday that it is making Offers available to Android users. Facebook pointed out that these offers posts will have a simplified layout with larger images and clear call-to-action buttons (Get Offer/Shop Now).
Twitter Will Damn Your Soul, Saudi Cleric Says (CNET)
As the BBC reports, Sheikh Abdul Latif Abdul Aziz al-Sheikh mused that anyone who uses Twitter “has lost this world and his afterlife.” It may well be that the Sheikh’s biggest concern is that so many of his people are now enthusiastically posting uncensored thoughts on Twitter.
YouTube Reveals Users Now Upload More Than 100 Hours of Video Per Minute, as the Site Turns Eight (The Next Web)
These days there are few things bigger than Facebook on the internet, but Google-owned YouTube is one of them, and the world’s top online video service marked its eight-year anniversary by revealing that it is now seeing more than 100 hours of video uploaded every minute. That’s right, every minute.
12 Percent of Americans Commit ‘Netflix Adultery’ [Infographic] (LostRemote)
Netflix, the streaming giant that’s about to release a new season of Arrested Development just launched a genius marketing and PR campaign that hilariously explains the binge-watching internet culture they’ve defined and invigorated. New York Magazine’s The Cut coined the term “Netflix Adultery,” the act of binge-watching TV episodes ahead of your significant other when you promised them you’d watch together.
Please Don’t ‘Like’ This Post (and I Really Mean it This Time) (ReadWrite)
If you haven’t been following along, in April I decided to commit myself to a simple behavioral experiment. I pledged to not “like” anything on or off of Facebook for a month, no matter how tempted I was (and believe me, I was tempted often).
SocialBro Now Analyzes the Impact of the Content You Share on Twitter (AllTwitter)
SocialBro, an expansive Twitter dashboard tool, is kicking things up a notch with a brand new “Tweet Analytics” tool unveiled last week. For the first time, SocialBro lets you measure the impact of the actual content you share on Twitter, improving the effectiveness of your messages.
Congress is a Little Worried About the Privacy Implications of Google Glass (BetaBeat)
The world is rapidly sorting itself into two camps: Glassholes, and people who want you to take that damn thing off your face. The latest concerned parties, according to The Wall Street Journal: the Congressional Bi-Partisan Privacy Caucus.