Consumer Web/Social Media

Facebook to pull Messenger from mobile app

California, US-based social network giant Facebook announced that it will pull Messenger from its mobile app to boost the usage of the standalone Messenger, starting with European users before rolling out the change worldwide.

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California's Automattic acquires New York's long-form content discovery app Longreads

San Francisco, California-based WordPress parent firm Automattic acquired New York, US-based long-form reading content discovery app Longreads for an undisclosed amount with the latter to function as it is post-acquisition.

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San Francisco digital marketing firm Kenshoo secures $20M in funding

San Francisco, US-based digital marketing tool developer Kenshoo secured $20 million in a funding round led by Bain Capital Ventures to launch its predictive media optimization platform.

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Canadian social reading community Wattpad pockets $48M in Series C funding

Ontario, Canada-based social reading community Wattpad pocketed $48 million in its Series C funding from its existing investors to expand its workforce and develop its product.

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YouTube files legal complaint against Turkey against social media ban

US-based video-sharing giant YouTube representative Gonenc Gurkaynak filed a legal complaint to the Turkish Consitutional Court against the ban that prime minister Recep Tayyip Erdogan issued against the service.

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Twitter snaps up lock-screen startup Cover for Android

Social media giant Twitter snapped up Cover, a startup that offers a lock screen and app drawer for Android devices, for an undisclosed amount, to boost its popularity among Android users.

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US e-learning platform adds Canadian startup Compilr for $20M

California, US-based e-learning platform added Halifax, Canada-based coding platform Compilr in a deal valued at $20 million to expand its video-based courses and services.

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Dropbox raises $500M in debt funding

San Francisco, US-based cloud storage giant Dropbox has raised $500 million in a debt funding reportedly led by JP Morgan for the construction of its new data centers, according to a source familiar with the situation.

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US-based Internet TV firm YuppTV pockets $2.5M from Sashi Reddi

Atlanta, US-based Internet-based TV service provider YuppTV Inc pocketed $2.5 million in its first funding round from Indian early stage investor Sashi Reddi to scale up and expand its client base.

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American photo sharing site Imgur closes $40M in Series A round

San Francisco, US-based photo sharing service Imgur closed $40 million in its Series A funding round led by Andreessen Horowitz and Reddit to facilitate its workforce and marketing expansion.

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Mozilla Chief Executive resigns from office after controversial gay marriage opposition

Mozilla CEO Brendan Eich resigns from office following his controversial donation supporting California's opposition to gay marriage.

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Paul Graham hands responsibilities of Hacker News to others

As part of his move to step back from Y Combinator, Paul Graham announced that others would be taking over the responsibilities of Hacker News, TechCrunch reported.

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Yahoo to build own streaming video platform to take on YouTube

Yahoo boss Marissa Mayer is considering building a streaming video platform within the next few months to take on YouTube and to gain higher revenue that video ads will be able to bring to the company.

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Dropbox to shutdown German reading app Readmill after $8M acqui-hire deal

Berlin, Germany-based social reading app Readmill confirmed that San Francisco, US-based cloud storage giant Dropbox acqui-hired it for $8 million in combined stock and cash, with plans to shut it down later.

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American e-commerce giant rumors that it was planning to launch a free and ad-supported TV and music streaming service, after rumors about the supposed free service spread ahead of a scheduled New York conference.

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