The SNW/SNC Industry Insider is the weekly news summary for the social networking industry
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:~ SOCIAL NETWORKING CONFERENCE & STRATEGIC COMMUNICATIONS CONFERENCE ~:
SNC2011 West is scheduled for June 22-24 at the SLS Hotel in Beverly Hills.
Speakers include: Verizon Wireless, IBM, NBC Universal, Sanitas, CSRA, Royal Caribbean Cruise Lines and others: http://snc2011.com/T/33.php (Also - A big Middle East Social Media panel is being prepared now)
Register before June 17 and save $225! http://snc2011.com/form-1-la.php
Social Networking Conference: http://www.snc2011.com
StratCom Confernece : http://www.sc2011.com
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:~ TWITTER ~:
Get the Social Networking Watch newsfeed delivered straight to your Twitter account: http://twitter.com/social_news
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:~ TOP SOCIAL NETWORKING WATCH NEWS ITEMS ~:
The Top Viral Video Campaign, Updated June 2, 2011
http://tinyurl.com/adcampaign109
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Groupon Seeks to Raise $750 Million in IPO
BLOOMBERG NEWS - June 3 - Groupon filed to raise $750M in an IPO. Groupon’s CEO, Andrew Mason, said in a memo to employees that going public would make it “easier to make big acquisitions’’ and that all full-time employees will get equity in the share sale. The market for daily deals is set to generate $3.9 billion in sales in 2015, compared with $873M in 2010. Groupon’s sales surged to $644.7M in the first quarter, a 14-fold increase from $44.2M a year earlier.
http://www.socialnetworkingwatch.com/2011/06/groupon-seeks-to-raise-750-million-in-ipo.html
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Pandora Prices IPO at $7 to $9 Per Share at Valuation Over $1B
TECH CRUNCH - June 3 - Music streaming service Pandora has just filed a new version of its S-1 that indicates the company will be pricing its stock at $7 to $9 per share. According to the filing, Pandora aims to raise as much as $141.6M. The pricing of the stock puts Pandora’s valuation at ~$1 billion.
http://www.socialnetworkingwatch.com/2011/06/pandora-prices-ipo-at-7-to-9-per-share-at-valuation-over-1b.html
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iTelebill is offering mobile recurring billing which leads to higher conversions at no additional cost to site. Perfect for members where credit cards are not possible. Visit www.itelebill.com.
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RockYou Buys Studio 3 Blokes
TECH CRUNCH - July 1 - RockYou is continuing its acquisition strategy today with the purchase of Australian social game developer 3 Blokes. Financial terms of the deal were not disclosed. Founded in 2006, 3 Blokes has developed 4 social games for Facebook, including their most recent title, Galactic Trader, a space trading and combat game with 200K monthly active users.
http://www.socialnetworkingwatch.com/2011/06/rockyou-buys-studio-3-blokes-.html
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Facebook Projected to Reach 700 Million Users
BUSINESS INSIDER - May 31 - According to Facebook stat tracking site Socialbakers, Facebook may soon reach 700 million registered users. The fastest-growing region for Facebook is Brazil, where nearly 2 million new accounts were created in May 2011. Other top countries include Indonesia, Philippines, Mexico, Argentina, India and the UK. The U.S. isn't even in the top 20.
http://www.socialnetworkingwatch.com/2011/05/facebook-projected-to-reach-700-million-users-.html
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Accept multiple currency payments through Optimal Payments' secure credit/ debit card payment processing solutions. Fraud prevention tools, custom reporting, and premier customer support are just a few of the merchant benefits with Optimal Payments. For more information visit www.optimalpayments.com
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Wooga Raises $24 Million
TECH CRUNCH - May 30 - European social games developer Wooga has raised $24 million in Series B funding. The Berlin, Germany-based company has raised $31.5 million in total capital. 30 million people play the company's games per month. The company plans to use the money to develop more games for Facebook.
http://www.socialnetworkingwatch.com/2011/05/wooga-raises-24-million.html
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Twitter Negotiating AdGrok Acquisition
TECH CRUNCH - May 30 - According to multiple sources, Twitter is negotiating an acquisition of Y Combinator-backed key word bidding platform AdGrok. It is not yet known if this is a tech acquisition or a talent acquisition. The deal is for less than $10 million.
http://www.socialnetworkingwatch.com/2011/05/twitter-negotiating-adgrok-acquisition.html
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Social Networking Conference
The business conference for the social networking industry @ SocialNetworkingConference.com
Industry Message Boards @ mb.socialnetworkingonference.com
Conference Organiser
Marc Lesnick,
marc@lesnick.net,
212-722-1744
Media Relations
Press, please contact Mark Brooks
mark@socialnetworkingwatch.com,
212-444-1636
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Social Networking Watch
www.socialnetworkingwatch.com or snw1.com
Editor: Mark Brooks,
mark@socialnetworkingwatch.com,
212-444-1636
