Social

Tim Bradshaw

Snapchat’s investors were betting on growth first, monetisation later when they put $60m into the pioneer of ephemeral messaging.

That growth is continuing apace, Snapchat’s co-founder and chief executive Evan Spiegel said on Monday, with 350m “snaps” sent every day last month, up from 200m in June.

But the LA-based company is slowly starting to think about ways to make money, too, saying that Chinese internet giant Tencent – which makes much of its income from in-app purchases – was a “role model” for Snapchat. Read more

Tim Bradshaw

It doesn’t seem so long ago that many people thought social networking was done, and that anything that wasn’t Facebook would become a feature, app or acquisition of the social juggernaut.

In the past year, however, that’s started to change. Snapchat brought ephemerality to photo sharing, Nextdoor is reconnecting real-world neighbours and Whatsapp, WeChat and Line are fighting for mobile instant-messaging dominance.

Now, backed by some of Snapchat’s original investors, comes Whisper – an app for sharing (and viewing) secrets, posted anonymously. Read more

Robert Cookson

A disgruntled British Airways passenger has bought adverts on Twitter to complain about the airline’s customer service, in an unusual reversal of the way that big brands use social media.

Hasan Syed, a businessman who goes by the Twitter username @HVSVN, took the action on Monday out of frustration with the way that British Airways was handling his father’s lost luggage. Read more

Tim Bradshaw

Four billion check-ins later, Foursquare is finding new ways to use all the location data that users have shared with the four-year-old smartphone app.

That includes both new features for users – and new ways to make money from the body of data it’s collected, with third parties. Read more

Tim Bradshaw

Many thought that Instagram’s addition of 15-second videos to its photo-sharing app would kill Vine, Twitter’s fledgling video app.

Apparently not.

Twitter on Tuesday said that 40m people have signed up to watch and share six-second videos on Vine. Read more

It takes some nerve to sell a company for $850m and then describe it as “the biggest repository of online cock and balls ever recorded”.

Step forward Michael Birch, founder of social network Bebo, who, after repurchasing the site for $1m in July, has now launched a spoof video to promote its impending relaunch. Read more

Facebook will report second quarter earnings on Wednesday, with Wall Street expecting $1.62bn in revenues and 14 cents earnings per share.

Analysts will be looking for signs of increased advertising spending among small businesses and in international markets, as growth from large US advertisers is believed to have levelled off. Read more

Tim Bradshaw

For such a simple little app, Snapchat provokes some strong opinions.

Much of the reaction to its fundraising, announced on Monday, was one of amazement that the two-year-old ephemeral messaging app could be worth $800m. After all, that’s more than Facebook paid for Instagram last year ($715m after Facebook’s stock slumped from the time of its initial $1bn offer). Read more

A New York man who rented his apartment through Airbnb was found to have violated the city’s residency laws, marking the first legal setback for the peer-to-peer home rental start-up as it faces a growing number of regulatory questions.

An administrative law judge ruled that Nigel Warren had broken a 2010 New York City law when he accepted about $600 from a Russian tourist to stay in his apartment for a few days while he was out of town. The law prohibits apartment owners from renting property for less than 30 days, and was intended to crack down on landlords who bought affordable housing units and then converted them to hotels to make more money. Mr Warren was fined $2,400. Read more

African-American teenagers are more likely to use Twitter than their white counterparts, according to a study out today from the Pew Research Center.

Researchers noted a significant jump in Twitter use among teens in general, but found that 39 per cent of African-American teens used the microblogging site compared to 23 per cent of white teens. Read more