VENTURE CAPITAL POST

After suffering from a series of "missteps," Reddit and its newly appointed CEO Steve Huffman are dead serious in changing its content rules by banning discussions involving illegal materials, sexual content featuring children, confidential information, private information from individuals, and more.

The CEO of the Internet message board Reddit will be hosting a forum to discuss several sections on the popular site that are hosting disturbing and offensive content. This was announced in a post by the site's co-founder and current CEO, Steve Huffman.

Steve Huffman, Reddit's previous CEO and co-founder, is replacing Ellen Pao as the CEO after Pao resigned due to the escalating tension after a chain of conflict and issues between the top management and subreddits that has brought chaos on its online community. On the other hand, Pao will still stay at Reddit as an advisor.

Early adopters of the Apple Watch, Apple Inc's (AAPL.O) first new product in five years, are complaining that a number of its key functions are disrupted by their tattoos.

Twitter has acquired social data provider Gnip, enabling the microblogging site to sell its bulk data without engaging services from a middle man, reported TechCrunch.

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.

San Francisco, US-based real estate equity crowdfunding startup RealCrowd Inc nabbed $1.6 million in a seed funding round from Data Collective, Y Combinator's Garry Tan, and some real estate managers.

Twenty-five tech companies have turned to Senator Ron Wyden asking his help to oppose the Trans-Pacific Partnership or TPP that could potentially limit online freedoms, VentureBeat reported.

According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.

Berkeley, US-based startup MobileWorks raised $2.1 million in funding to change the way outsourcing works by generating online jobs for people who cannot enter the traditional career path.

In a funny coincidence, four engineers from Google's Site Reliability Engineering (SRE) team were on Reddit's Ask Me Anything (AMA) thread right before Gmail and other Google services experienced a worldwide outage.

US-based social games maker Zynga is testing Bitcoin payments for in-game purchases in some of its popular titles including FarmVille 2 and ChefVille, and has partnered with BitPay to handle the transactions.

Online bitcoin wallet Blockchain.info bought ZeroBlock, a bitcoin-related mobile app, for an undisclosed amount in an acquisition deal that was conducted entirely in bitcoin, according to a ZeroBlock founder.

Yahoo Chief Executive Officer (CEO) Marissa Mayer is eyeing image sharing startup Imgur as the company's next big acquisition, according to an anonymous source cited by Business Insider.