Social Media Newsfeed: Reddit Funding | LinkedIn Pulse

Reddit scores a $50 million funding round. LinkedIn leaning more heavily on Pulse. These stories, and more, in today's Morning Social Media Newsfeed.

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Reddit150x150logoReddit Closes $50 Million Round, Will Give 10 Percent Back to Users (SocialTimes)
Reddit announced a $50 million funding round on Tuesday, led by Sam Altman, president of Y Combinator. Other notable investors include Peter Thiel, Jared Leto, Snoop Dogg and Reddit CEO Yishan Wong. Re/code Altman said Reddit may dole out shares using a distributed accounting system, a la the bitcoin blockchain. CNET Wong explained in the blog that while the details still need to be hammered out, “Led by Sam, the investors in this round have proposed to give 10 percent of their shares back to the community, in recognition of the central role the community plays in Reddit’s ongoing success.” How that will look is still a bit of a mystery: “We’re going to need to figure out a bunch of details to make it work, but we’re hopeful,” Wong said. Mashable The fundraising round, first reported by Re/code, came right as Reddit was dealing with broad criticism for its role in allowing users to disseminate stolen celebrity photos. TechCrunch With more than 5 billion monthly page views and 115 million uniques each month, Reddit is one of the biggest content sharing sites in the world.

LinkedIn Checks its Pulse with Refreshed Reading Experience on Desktop and Mobile (The Next Web)
Today, LinkedIn Pulse represents a major part of LinkedIn’s distribution mechanism, looking at what’s being written by people and then sorting them into channels for easy reading. Now, LinkedIn is leaning more heavily on Pulse as you’ll see from the refreshed reading layout on the Web and mobile apps.

Report: Mark Zuckerberg, Priscilla Chan Buy 357-Acre Property in Kaua’i, Hawaii (AllFacebook)
Facebook co-founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, live in Palo Alto, Calif., and own a second home in San Francisco. And now, according to a report by Pacific Business News, the North Shore of Kaua’i in Hawaii is next on the list.

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Google+ is the Social Underpinning for All Things Google (SocialTimes)
Over the past couple months, Google has made lots of changes, which has resulted in lots of speculation about the future of Google+. The popular opinion is that Google+ is a ghost town and that the recent changes will lead to the shuttering of the three-year-old network. However, this idea is all speculation and couldn’t be further from the truth.

Team Email Startup Front Raises $3.1M for ‘Multi-Player Version of Gmail’ (VentureBeat)
Problem: Mass emails come in to your office all the time, and there’s no way to collaborate on the perfect response. Solution: That’s where Front, a startup from Y Combinator’s 14th class, comes in.

Twitter Suspends More Pro-ISIS Accounts (AllTwitter)
Twitter has suspended hundreds of pro-Islamic State profiles in another platform-wide purge on the social network. The move came after the international terror group ISIS released another of its propaganda videos, which featured British hostage John Cantlie, a photographer who worked for the Sunday Times newspaper until he was abducted in 2012.

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Breast-Covered Campaign Reimagines Facebook, Twitter and Instagram Logos With Boobs (BetaBeat)
The Breast Cancer Foundation has started a petition asking Facebook, Instagram and Twitter to change their icons to breast-inspired alternatives to raise awareness for the need for regular breast examinations for a whole month, with a goal of 10,000 signatures. The Freudian icons were designed by marketing firm DDB Singapore and come with a series of poster-sized ads.

Kevin Spacey Talks About the ‘3 Pillars of Content’ (LostRemote)
Kevin Spacey gets it. Here’s his entire keynote speech from earlier this month at the Content Marketing World conference, where he explains to executives the “three pillars” of content: audience, conflict and authenticity.

Seven Lessons For Training Financial Advisers To Use Social Media (Forbes)
The “number one barrier to success on LinkedIn is lack of education and awareness of what’s possible,” according to Brian Tietje, formerly of LinkedIn and now vice president of sales at RockTech. Tietje recently moderated a panel, “Training Employees To Use Social The Right Way,” at Social Media and Compliance conference organized by Financial Technologies Forum. Panelists included Amy Watson, vice president, Goldman Sachs; Corina Roy, assistant vice president, Digital Experience at MassMutual Financial Group; and Dawn Schricke, executive consultant, Schricke and Associates.

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Publish date: October 1, 2014 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT