U.S. web users tripled the amount of time they spent on social networks in August from the same month last year, according to Nielsen. And advertisers took note — estimated online advertising spending on social networks more than doubled over the same period. Around 17 percent of… Read More »
Twitter is close to securing $100 million in new funding, the Wall Street Journal is reporting. Mutual fund T. Rowe Price and private equity firm Insight Venture Partners are said to be the new investors in the micromessaging site. Spark Capital and Institutional Venture Partners, who… Read More »
Twitter-focused applications are sprouting up everywhere these days — among them TweetDeck, Twhirl and Kutano — and they’re proving to be popular. Some 27 percent of Twitter users said they primarily access the micromessaging network using such apps, according to an inaugural study released today… Read More »
MySpace said today that it’s rolling out a new feature in beta that lets U.S. users sync status updates in their Twitter feed and profile page on the social network, symbolizing MySpace’s efforts to piggyback off of the micro-messaging service’s growing popularity. The syncing function will… Read More »
Updated: When it comes to burgeoning social media sites, DailyBooth, a Y Combinator startup, has captured the attention of users and VCs alike. The startup’s web site prompts people to take photos of themselves and post them on a message board with a note. DailyBooth’s fast-growing… Read More »
Twitter co-founder Jack Dorsey during a talk today at Webster University in St. Louis outlined his next venture, which he hinted may be focused on health care and financial services, according to the Wall Street Journal. Dorsey, who is now the chairman of Twitter’s board after… Read More »
People are spending less time on communication sites that are focused around email and instant messaging, according to an analysis released today by the Online Publishers Association, a trade organization, a decline it attributes to the rising popularity of social networks such as Facebook, MySpace and… Read More »
