Yahoo CEO predicts $100 million in ads sales for Tumblr in 2015. You can now book hotel rooms right through Yelp. These stories, and more, in today’s Morning Social Media Newsfeed.
Less than a year after TripAdvisor acquired Wanderfly to boost its social recommendation efforts, the travel inspiration startup has announced its plans to shutter the site. In approximately one week, all user accounts, including profile details and other content, will no longer be available.
TripAdvisor is planning a television advertising campaign to introduce its hotel booking and community review site to a mainstream audience. The company’s co-founder and CEO, Stephen Kaufer, mentioned the plan in last night’s quarterly earnings call.
Google has reportedly reached an agreement with the European Commission to change its search practices after a two-year investigation on whether the search engine giant favors its own properties in the search results.
Travel review community TripAdvisor has acquired Jetsetter, Gilt Groupe’s luxury private sale site where professional travel reviewers cherry-pick the best local hotspots. Despite its similarities to TripAdvisor’s SniqueAway, TripAdvisor has no plans to shutter the newly acquired site.
TripAdvisor, the popular social reviews site for travelers, has purchased the photo app sharing company Tiny Post, in a deal whose terms were not disclosed. The Tiny Post team will move into TripAdvisor’s Palo Alto offices.
The Tiny Post app lets users write captions over their photos, bringing together images and stories. This could prove to be a useful tool for TripAdvisor, which lets users share reviews and photos of hotels, restaurants and tourist sites.
“The Tiny Post team have created a wonderful app that shows the possibilities of combining travel photos with social and mobile,” stated Steve Kaufer, co-founder/CEO of TripAdvisor. ”We think Tiny Post is a great fit with our continued drive to provide engaging and sharable content and I am happy to welcome this strong team to TripAdvisor.”
TripAdvisor has announced a partnership with the global data company Factual, Inc. that will add more restaurant listings to the travel site. TripAdvisor is known for its candid reviews of hotels from real travelers.
TripAdvisor and Yelp are the two largest (and dare I say, best) resources for travelers. With millions of ratings and directories that expand every day, the services promise an answer to the difficult questions that travellers face. Where should I eat? What is this city’s best attraction? Where’s the beer?
For a while, I tried to use “Google Places”, now known as Google+ Local, to find nearby eateries or attractions. I felt the app user experience was faster than the competitors and it’s integration of Google Maps was more sophisticated. But a travel app is only as good as its content, and there were no reviews.
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Facebook’s Day of Reckoning: Second Quarter Earnings Report (The Huffington Post)
Today, Facebook will take the spotlight once again, for its first earnings report as a public company. The release of its quarterly financial results will be the social network’s chance to prove to investors that it can continue growing revenue from the ads it serves on its popular social networking site. The Guardian Wall Street will be hoping co-founder Mark Zuckerberg steps forward with some reassuring remarks during tonight’s earning call. After booking a $1.1 billion charge for share-based payouts to staff and early investors at the public offering, the social network is forecast by its lead bank Morgan Stanley to report a $673 million loss before tax. AP It needs to keep its nearly 1 billion users logging on as often — and for as long — as possible, interacting with each other as well as with brands. As a result of that disclosure and others, many analysts reduced their estimates for Facebook’s projected revenue and earnings. The Wall Street Journal The consensus for Facebook’s second-quarter earnings report is that the Menlo Park, Calif., company will report 12 cents a share of profit and $1.15 billion of revenue for the quarter, according to Thomson Reuters. “One of the most-challenging times to model a company’s financials is when it’s very young,” said Mark Mahaney, an Internet analyst who covers Facebook for Citigroup. Bloomberg Businessweek Investors will be looking to glean a few crucial facts during the conference call. Can the company spark revenue in those regions, such as Asia, with high membership growth? Can it make advertising work on mobile devices such as the iPhone, where users are increasingly accessing the service? Read more
Once an online destination for anonymous (and often brutal) hotel reviews, TripAdvisor has been working more closely with Facebook to make the site a friendlier recommendation engine and mobile app for travelers. TripAdvisor co-founder and CEO Stephen Kaufer explained the impact of the company’s social efforts in an earnings call on Tuesday night.