Twitter is planning to encrypt direct messages. Red Sox win big on Facebook. These stories, and more, in today’s Morning Social Media Newsfeed.
Twitter Quietly Files IPO (SocialTimes)
The announcement came via tweet Thursday on Twitter’s official account: “We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale,” the post reads.
Facebook Page Admins Gain Access to Shutterstock Image Library; Ability to Upload Multiple Images; Updated Pages Manager Apps for iOS, Android (AllFacebook)
When Facebook began to introduce its revamped News Feed in March, the social network emphasized its highly visual nature to brands. Three updates announced Thursday will help brands on Facebook in their quest to capture more attention: an agreement with stock photography agency and image library Shutterstock, making millions of images available for use in ads on the social network; multiple image uploads; and an update to its Pages Manager application for iOS and Android that enables page administrators to upload multiple photos for a single post.
Twitter Says Vine App Has 40 Million Users (GigaOM)
Vine, which was acquired by Twitter almost a year ago, has hit 40 million users. The company announced this milestone via a tweet earlier Tuesday.
Struggling Zynga Names Microsoft Exec Mattrick as CEO (USA Today)
Shares of Zynga Monday closed up more than 10 percent on news that founder Mark Pincus would step down as CEO amid mounting Wall Street pressures to correct the company’s course. Zynga said that Don Mattrick, who led Microsoft’s Xbox business for the past three years, will take the top job at the struggling online games giant. Pincus will remain as chairman and chief product officer.
Members of the legendary rock band Pink Floyd published an editorial today in USA Today that criticizes Pandora’s efforts to enact legislation that would reduce the royalty payments it and other Internet radio stations must pay to artists and record labels.
Facebook to Debut ‘New Product’ June 20 (AllFacebook)
Facebook alerted journalists by mail — snail mail, not email — that it will debut a new product this Thursday (June 20) at its headquarters in Menlo Park, Calif. Joanna Stern of ABC News reported on the event and scanned the invitation she received, saying that it arrived in a “clean white envelope sent via snail mail.”
Mobile marketing is now a $16 billion industry worldwide, of which Google commands more than 55 percent, according to eMarketer’s first ever global profile of the mobile marketing industry released today.
Facebook Annual Meeting: Mark Zuckerberg Addresses Concerns About Stock Price (AllFacebook)
Facebook held its first-ever annual meeting Tuesday at the Westin San Francisco Airport in Millbrae, Calif., and Co-Founder and CEO Mark Zuckerberg addressed shareholders’ concerns about the company’s stock price, which has never approached its initial public offering mark of $38 per share since its first day of trading last May 18. Aside from concerns about Facebook’s stock price, the most common subject in the question-and-answer session was user dissatisfaction with the social network’s News Feed algorithm.
Pandora has become the top-grossing app publisher in the iOS ecosystem, edging out Apple itself, according to data released today by the mobile analytics firm App Annie.