The SNW/SMC Industry Insider is the weekly news summary for the social networking industry
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~ SOCIAL MEDIA CONFERENCE & STRATEGIC COMMUNICATIONS CONFERENCE ~:
Next social media conference will be held in Miami and is scheduled for January 23-30 2012.
Register before November 30 and save $500.
http://www.socialmediaconference.com/form-1-miami.php
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:~ TOP SOCIAL NETWORKING WATCH NEWS ITEMS AND WEEKLY INTERVIEW ~:
The Top Viral Video Campaign, Updated November 17th, 2011
http://tinyurl.com/adcampaign134
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Interview with Neil Steinhardt, GM Of PaysafeCard
http://www.socialnetworkingwatch.com/2011/11/interview-with-neil-steinhardt-gm-of-paysafecard.html
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Google+ Traffic Rises By 25% Last Month
COMPUTER WORLD UK - Nov 18 - Google+ has had a recent traffic boost, recording its third-largest week of visits since the site launched in June, according to Experian Hitwise. It had ~6.8M US visits in the week ending 12 November. That's a 5% increase compared to the week before and a 25% increase compared to a month ago. Now that Google + has 40M+ users, people are finding more friends and colleagues on the site than they were when it launched last summer.
http://www.socialnetworkingwatch.com/2011/11/google-traffic-rises-by-25-last-month.html
Yelp Files For IPO To Raise $100 Million
TECH CRUNCH - Nov 18 - Local recommendation site Yelp has finally filed an S-1 to IPO, wanting to raise $100M. The site generated $58.4M net revenue in the first nine months of 2011, 80% growth over the same period in 2010. It operated at a net loss however, of $7.6M. Revenues have grown pretty fast, from $12.1M in 2008 to $47.7M in 2010 but it is still not profitable.
http://www.socialnetworkingwatch.com/2011/11/yelp-files-for-ipo-to-raise-100-million.html
PayPal Launches Facebook App For Sending Money
IT WORLD - Nov 17 - The app, named Send Money, features a greeting card component for accompanying the money transfer with an e-card containing a message, photos and videos to mark occasions like birthdays and anniversaries. Cards are posted to recipients' Facebook Walls, although the message is kept private. Users can also opt to just send someone money, without posting an e-card to their Wall.
http://www.socialnetworkingwatch.com/2011/11/paypal-launches-facebook-app-for-sending-money.html
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Accept multiple currency payments through Optimal Payments. Fraud prevention tools, custom reporting, and premier customer support. For more information visit www.optimalpayments.com
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LinkedIn Shareholders To Offer Shares
DOW JONES NEWSWIRES - Nov 16 - LinkedIn said shareholders will unload ~6.7M shares in a planned equity sale. LinkedIn will pair the stock from the selling shareholders with its plans to sell another $100M in equity, which the social networking company first unveiled earlier this month. Yesterday, LinkedIn said it would sell a minimum of about 1.3M shares, or roughly $100.4M worth at its latest closing price.
http://www.socialnetworkingwatch.com/2011/11/linkedin-shareholders-to-offer-shares.html
Two-Thirds Of Online U.S. Adults Use Social Media
MASHABLE - Nov 16 - The most common reason U.S. adults use social networks is to stay in touch with friends and family members, A Pew Research Center’s Internet and American Life Project study reveals. Older users (ages 50 to 64) are more likely than younger users (ages 18 to 29) to use social media to find others with similar interests or hobbies. Only 3% of respondents say finding potential romantic or dating partners is a “major reason” they use social media. Conversely, 84% say it was “not a reason at all.”
http://www.socialnetworkingwatch.com/2011/11/two-thirds-of-online-us-adults-use-social-media.html
Quepasa's Last Horrendous Quarter
THE MOTLEY FOOL - Nov 15 - Quepasa revenue plunged 46% to a mere $1.5M. The drop occurred primarily due to a 32% plunge in monthly active users of its website. The quarterly deficit widened to $3.5M. Quepasa also served up 579M page views during the quarter, 29% ahead of where it was a year ago. In short, there may be fewer users around but they're more engaged even if they're not being monetized more effectively.
http://www.socialnetworkingwatch.com/2011/11/quepasas-last-horrendous-quarter.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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Google Joins $250 Million Social Network Fund
ITPRO PORTAL - Nov 14 - Google joined the $250 Million sFund for investing in "small social networking startups" which was started by Kleiner Perkins Caufield & Byers (KPCB), a world leading venture capital firm last year.
http://www.socialnetworkingwatch.com/2011/11/google-joins-250-million-social-network-fund-.html
IAC Launches Crowded Room To Help Users Make Real Friends
VATOR.TV - Nov 14 - IAC's new app Crowded Room aims to make that very online/offline social networking bridge by helping users connect with people who frequent the same hangout spots. The service is clearly geared toward those who are looking for love…or something like it. Users can even meet people at places they plan to go, such as a party, via the “Go” button, which allows them to sync up their check-ins with Facebook, Foursquare, or Twitter.
http://www.socialnetworkingwatch.com/2011/11/iac-launches-crowded-room-to-help-users-make-real-friends.html
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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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:~ DAILY DEALS OBSERVER ~:
Interview with Jajoop's CEO, Kelly Kampen - Thailand’s Daily Deal Site
http://www.dailydealsobserver.com/daily_deals_observer/2011/11/interview-with-the-ceo-of-jajoop-kelly-kampen-thailands-daily-deal-site.html
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The business conference for the social networking industry @ SocialMediaConference.com
Industry Message Boards @ mb.socialnetworkingonference.com
Conference Organiser, Marc Lesnick, marc@lesnick.net, 212-722-1744
Social Networking Watch, www.socialnetworkingwatch.com or snw1.com
Editor: Mark Brooks, mark@socialnetworkingwatch.com, 212-444-1636
