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Cloud video editing startup Magisto is coming to market with a new service that will take raw video files and make them worth sharing with friends and posting on Facebook. The company is also announcing $5.5 million in financing from Horizons Ventures and Magma Venture Partners. Read more »

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Badgeville is introducing Social Fabric, a technology allows a website to quickly add a host of real-time social features on their site that charts user behavior, updates users on their on-site activities and allows people to follow any piece of content or fellow users. Read more »

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Twitter CEO Dick Costolo lifted the veil on Twitter user statistics Thursday morning. Besides revealing the company’s active users, he talked about features it’s working on, the expansion of promoted tweets, and why he’s “excited” that 4 out of 10 active users don’t tweet. Read more »

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Ever since it emerged from Chicago’s small startup community in 2008, Groupon has had nothing short of a spectacular story in terms of its growth: With estimated annual revenues of more than $4 billion after just three years of existence, the poster child for the “group ... Read more at GigaOM Pro »

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Social media is playing an increasing role in enterprise IT, with companies like Jive Software and Telligent jockeying with IBM, Microsoft and Cisco to tap into corporate IT spending. Today, they build social platforms customers use for both employee collaboration and consumer marketing objectives. Vendors need ... Read more at GigaOM Pro »

Seesmic CEO Loic Le Meur

Seesmic, the company best known for making consumer-facing social networking apps, has shifted its strategy for the second time in its four-year history, this time to focus on building mobile apps for the enterprise. Can the third iteration of Seesmic finally bring the company success? Read more »

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Skype’s acquisition of GroupMe and Facebook’s Beluga-based Messenger are part of something much bigger than group text messaging: The landscape of personal online communication is changing. In the next generation of social media interaction, users will communicate in ways that mirror their real-life interactions. Read more »

London riots, by Alan Stanton

Proposals to give police the power to shut down social networks in Britain — proposed as a dramatic reaction to the riots that spread across the country this month — appear to have been dumped by the government. A victory for sensible people everywhere, or a warning sign? Read more »

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Obvious Corp, a new venture launched by Twitter founders Evan Williams and Biz Stone, has announced its first partnership with Lift, a startup founded by entrepreneurs Tony Stubblebine and Jon Crosby, who are looking to encourage human potential through positive reinforcement. Read more »

Office Politics: A Rise to the Top

We surveyed 400 of the newest generation, the Millennials, ages 20 through 29, on their attitudes and behavior around at-work technology and tech support, communications preferences and problem-solving styles. Here are the trends IT needs to address to make these workers productive and avoid potential problems. Read more »

GroupMe founders Jared Hecht and Steve Martocci

GroupMe, a top contender in the group messaging app space, was born out of a hackathon but managed to find success by executing on its vision. The founders sat down with me and looked back at how the first year has gone since the service launched. Read more »

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Fab.com, which began as Fabulis, a gay social networking site, has managed to find success by pushing a funky curated catalog of unique design products and trying to be as social as it can. The startup is now revamping a core feature called its inspiration wall. Read more »

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Feed-based UIs are powerful because they encourage frequent usage and participation. They’re becoming one of the most important ways to present information, and are critical areas of competition in social networking and ... Read more at GigaOM Pro »

Snog.com

When Britain’s teenagers aren’t rioting, they’re spending their time ogling each other on a hot website that’s just scored significant investment from a Canadian web mogul. But can Snog.com turn itself into something useful — or will it fade into obscurity? Read more »

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The recently rolled out Google+ is Google’s latest effort to get a handle on something that so far has eluded the company: gaining access to the data users generate when they post status updates, share photos and comment on friends’ activities. More and more, these social ... Read more at GigaOM Pro »

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It’s become clear in recent years that smartphones are going to be increasingly ubiquitous for the foreseeable future. And a recent study indicates that many people are using those devices to access Facebook more often than for, really, anything else. Read more »

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The market for photography apps and photo sharing services is crowded beyond belief, ranging from trendy startups like Instagram to heavily-funded monsters such as Color. So why does Berlin-based EyeEm think it can make an impact? And can it succeed? Read more »

With any startup, fast growth requires investment, starting first and foremost with good people. With that in mind, I’d like to welcome the newest member of the GigaOM Pro family, David Card, who will serve as the research director of GigaOM Pro Read more »

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Facebook has launched Facebook for Business, a step-by-step online guide aimed at helping small businesses use the social networking site. The timing is interesting, as it comes just a week after Google began shutting off all company profiles on its Google+ social network. Read more »

Apple put away $10.4 billion in cash during the most recent quarter, bringing its total cash and securities to $76.2 billion. Apple is extremely conservative about what it does with its money, which has become a little controversial. Here’s what people are saying. Read more »

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Russian social network VKontakte has built a billion dollar business by cloning almost every aspect of Facebook for the local market. It seems a little rich, then, that founder Pavel Durov says his long-term ambition is to prove that Russian products can be global leaders. Read more »

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We just wrote about the growth of social network MyYearbook, who has been on a tear as it emphasizes mobile, engagement and games. Well, the company got the attention of Latino social network Quepasa, which is buying MyYearbook for $100 million. Read more »

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Even in these days of social networking over-sharing, some of the most important details of our lives remain in completely unwritten form. Proust, a startup that bills itself as a private place for families and friends to share memories, is trying to change exactly that. Read more »

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