Kickstarter passed $1 billion in pledges at 4:03 a.m. this morning.
Facebook’s acquisition of Little Eye Labs is official. Twitter stock continues to plunge. These stories, and more, in today’s Morning Social Media Newsfeed.
Twitter co-founder Biz Stone launches Q&A app Jelly. San Francisco Chronicle staffers to attend social media training. These stories, and more, in today’s Morning Social Media Newsfeed.
As much as web users like to pretend they the invasion of ads into their social networks, the Internet seems to actually loves ads. An argument can be made that Kickstarter is so popular because it’s one big infomercial channel.
The crowd aspect of funding seems to be the double edged sword. With a groundswell of grassroots support comes free viral marketing and a doggedly local audience who want to see the project through to success. With the diversified nature of the backers, doubts that creep in can become toxic to the entire project.
Twitter begins trading on New York Stock Exchange on Thursday. Google+ launches restricted communities. These stories, and more, in today’s Morning Social Media Newsfeed.
In its third-quarter earnings call, Facebook announces revenue of $2.02 billion, up 60 percent in the year-earlier quarter. A pair of investment firms sue Twitter. These stories, and more, in this Morning’s Social Media Newsfeed.
Two friends from disparate backgrounds came to the same conclusion about love: the story being told about love and commitment isn’t really working. So they teamed up to travel across American to uncover and share some of the greatest love stories never told.
Part two in a six part series from Tucker Max about how crowdfunding is going to change everything, especially when it comes to startups
Founder: David N Osegueda
Launched: 10.1.13 via Kickstarter campaign
Base: Los Angeles
The fashion industry isn’t exactly known for its affordability and designer goods are a luxury the average person can’t afford.
“95 percent of the items sold in department stores are made overseas,” says David Osegueda, founder and CEO of MAFIA — Male and Female International Apparel. The reason for the overseas production is obvious: it’s expensive to manufacture clothing in the US. However, Osegueda says, “We want to create fashionable, high quality clothing at affordable prices even if it means not making the biggest profit.” Read more