Social Media News From India And The World [6th February 2014]

by Prasant Naidu on February 6, 2022

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India News Headlines

1. Paytm launches mobile only marketplace app; lets users bargain: As suggested by earlier reports, Paytm has finally introduced its latest offering Paytm shopping app. This app will let users bargain for a deal before buying a product. Read more here.

2. Jivox Raises $5.8M Series C Funding From Fortisure Ventures & Others: Online video advertising network Jivox has raised $5.8 million in Series C funding led by existing investor Fortisure Ventures with participation from new investor Shah Capital and existing investors Opus Capital, Helion Advisors and founder Diaz Nesamoney. Read more here.

3. Pepsi, MTV join hands to launch music channel ‘Pepsi MTV Indies’: The channel will be launched this February, and will be available across leading DTH and digital cable platforms. It will be an Indie music and subculture channel. Read more here.

Asia News Headlines

1. Indonesian man convicted of libel on Twitter, protest surges over draconian internet law: Benny Handoko is just a regular guy in Indonesia who enjoys tweeting about soccer and politics, but today, as reported by The Jakarta Globe, the Indonesian court found him guilty of posting libelous comments against a politician in Indonesia. He is sentenced to one year probation. Read more here.

2. Chinese WeChat users sent out 20 million cash-filled red envelopes to friends in family within two days: The feature went viral in China, and yesterday parent company Tencent disclosed to Chinese media that during the first two days of Spring festival, over five million users participated in the scheme, exchanging over 20 million envelopes. At its apex, over 585,000 people sent over 121,000 red envelopes within a five-minute stretch. Read more here.

3. targets emerging markets with reward-based product: Mobile advertising exchange has launched a new product that allows prepaid customers to top up their phones for talk time, SMS and internet access in exchange for viewing advertisements. Read more here.

World News Headlines

1. Don’t Like Your Facebook “Look Back”? You’ll Be Able To Edit It Soon: Don’t like yours? Too many pictures of your ex? Don’t sweat it too much. Facebook is working on an edit tool, we’ve learned. Read more here.

2. Twitter Stock Down 18 Percent After Earnings Show Disappointing User Numbers: Twitter just released its first quarterly earnings report as a public company, with revenue and earnings coming in significantly ahead of analyst estimates. And yet, as of 6:02pm Eastern time, Twitter’s stock had fallen 18 percent in after-hours trading. Read more here.

3. Twitter’s Mobile Business Now At 184M Monthly Actives And 75%, $165M Of All Ad Revenues: Twitter said that mobile monthly active users stood at 184 million for Q4 2013, up 37% on a year ago. Given that overall users were 241 million, that makes mobile 76% of overall users. Read more here.

4. Twitter Crushes With Q4 Revenue Of $242.7M, But Shows Slow User Growth To 241M Actives: After the bell this afternoon, Twitter reported its maiden earnings as a public company, with fourth-quarter revenue of $242.7 million and earnings per share of $0.02 (non-GAAP). Analysts had expected Twitter to lose two cents per share on total revenue of $217.82 million. Read more here.

5. Easy Social Shop Nabs $1.1M To Help Online Merchants Integrate With Facebook: Easy Social Shop, which lets online sellers integrate existing shops with their Facebook pages, announced today that it has raised $1.1 million from lool Ventures. Read more here.

Prasant Naidu

Founder and Blogger at Lighthouse Insights.

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