A look back at the iconic Miracle on Hudson Twitter photo. Video-based social network Viddy is sold for less than $20 million. These stories, and more, in today’s Morning Social Media Newsfeed.
At the fight to be the dominant video-sharing app, Twitter weighed in heavy with Vine, but App.net signaled its intention to keep fighting today with the app Climber, designed for its subscription-based social network.
Groupon to Replace CEO Andrew Mason (SocialTimes)
Andrew Mason will no longer be the chief executive of Groupon, the company announced on Thursday. Stock in the daily deals business had fallen more than 20 percent after the company’s fourth-quarter earnings failed to meet analysts’ expectations, according to The Wall Street Journal.
After laying off a third of its Los Angeles-based work force last week, Viddy launched a major update last night, featuring stop-action recording, filters and YouTube annotations.
Facebook To Remove Exploitative Sandy Hook Tribute Pages (AllFacebook)
Not long after the tragic shooting at Sandy Hook Elementary School in Newtown, Conn., several people set up tribute pages on Facebook to encourage donations to help affected families. Some did so out of the kindness of their hearts, while some were just trying to cash in. Facebook has agreed to take down Sandy Hook tribute pages that people feel exist solely to exploit the tragedy.
Viddy, a video-sharing service that early handicappers had leading Vine, has eliminated 12 positions, or one third of its total Los Angeles-based staff.
Twitter’s video-sharing app Vine launched on Thursday, and immediately ran into technical problems. But the tech world continues to buzz about the new app in what industry watchers see as a testament to Twitter’s muscle as a PR vehicle.
Call Friends for Free with Facebook’s Messenger App (Mashable)
Now you can call your Facebook friends for free — if you’re an iPhone user, that is. The company has rolled out a new feature in the United States that allows Facebook Messenger app users to place voice calls with friends over the social network using their data connection or Wi-Fi.
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Mark Zuckerberg: I Won’t Sell Facebook Shares for a Year (Mashable)
Some investors and Facebook insiders may be rushing to sell off their stock in the company, but at least one person plans to hold onto his shares for a while: Facebook CEO and co-founder Mark Zuckerberg. Facebook revealed in a filing with the Securities and Exchange Commission on Tuesday that Zuckerberg has “no intention” to sell any of his Facebook shares for at least the next year. VentureBeat According to the document, Zuckerberg holds roughly 444 million shares of Class B common stock and an additional 60 million Class B shares issuable upon the exercise of an option. All of those shares are staying put for the foreseeable future. Bloomberg Facebook shortened the lockup period for certain employees, so 234 million shares will now be available for sale on Oct. 29, instead of Nov. 14. After Tuesday’s amendment, and accounting for the shares that Zuckerberg won’t sell, the total number freed up for sale by insiders through November will shrink to 1.01 billion from 1.44 billion previously, according to the filing. AllFacebook The bad news related to Facebook stock continues to roll in, with analysts for two of the social network’s largest underwriters, Morgan Stanley and J.P. Morgan, lowering their price targets, according to reports. The Wall Street Journal reported that Morgan Stanley Analyst Scott Devitt dropped his price target for Facebook for the next 12 months from $38 per share to $32, warning that it could drop to as low as $17 per share. CNNMoney Zuckerberg will take the stage at this month’s TechCrunch Disrupt conference to make his first public appearance since the company’s tumultuous debut in May. Zuckerberg’s interview will take place on Sept. 11 in San Francisco. Read more
Will you be watching MTV’s Video Music Awards this year? If so, plan to pay close attention or else you might miss some of the interviews!
According to the Huffington Post, “MTV is having scores of its staffers at the September 6 Video Music Awards use Viddy, a video sharing platform that allows users to upload and share 15-second videos, says Colin Helms, MTV’s SVP for Digital in this interview with Beet.TV”