Social Media Newsfeed: Instagram Video a Hit | Facebook News Reader | Hulu’s Future

By Donya Blaze 

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Instagram videoInstagram Users Upload 5M Clips in Vid-Sharing Feature’s First Day (CNet)
Instagram users have embraced the application’s just-released video feature by uploading 5 million videos in the first 24 hours of the feature’s availability, a company representative told CNET. At peak, Instagram users uploaded 40 hours of video per minute. AllFacebook Facebook’s introduction of Video on Instagram and its potential impact on Twitter-owned video-sharing application Vine drew mixed reactions from the social media industry and media. Mashable A number of celebrities ranging from Justin Bieber to Jimmy Fallon, and even more brands, are already using Instagram video. Huge brands such as Cisco, GE and Gap have started posting videos on the service, as have many major league sports teams, including the Yankees, Giants, Dodgers and 49ers. AllTwitter This infographic from Matt Nazario provides a quick checklist comparison between Instagram video and Vine, helping you decide which platform is right for you.

Facebook Says 6 Million Users’ Contact Information Was Inadvertently Shared With Other Users (SocialTimes)
Facebook Friday reported its most significant exposure of user data to date, saying that partial or complete contact information belonging to 6 million users was inadvertently downloaded by other Facebook users who had some connection to them. GigaOm The glitch arose as part of Facebook’s efforts to make suggestions on who you might want to add as a Facebook friend. The company explained the error in detail in a blog post, explaining how that data came to be shared and how the data was used.

Facebook, With a Focus on Mobile, Works on Project for News Via Users (Wall Street Journal)
Facebook Inc. is aiming to become a newspaper for mobile devices. The social network has been quietly working on a service, internally called Reader, that displays content from Facebook users and publishers in a new visual format tailored for mobile devices, people with knowledge of the matter said. CNet The project, which has been in the works for more than a year, reportedly resembles Flipboard, the popular news-reading app that aggregates content from multiple sources. VentureBeat Facebook COO Sheryl Sandberg recently said that every team at the social networking giant is “mobile first.” The company is increasingly focused on mobile as a means to boost advertising. People use smartphone devices at home and at work, so Facebook can reach and serve highly-targeted ads to people at any time of day.

Google Confirms Antitrust Review of Waze Deal (Wall Street Journal)
Google on Saturday confirmed that it has been contacted by lawyers from the Federal Trade Commission over the company’s $1.1 billion acquisition of the mobile navigation company Waze, which closed in mid-June. VentureBeat The announcement follows a letter from activist group Consumer Watchdog urging the FTC to kill the Google/Waze deal. “With the proposed Waze acquisition, the Internet giant would remove the most viable competitor to Google Maps in the mobile space,” wrote Consumer Watchdog privacy project director John Simpson in the letter.

Hulu Faces a Nebulous Future as It Seeks a New Owner (The New York Times)
Even as the number of views on Hulu were adding up, so were concerns within the company about the site’s future. That’s because Hulu, the Web streaming service that is jointly owned by the Walt Disney Company, NBCUniversal, and News Corporation, is up for sale. And each of the potential buyers brings with it a different vision of what Hulu should become.

Here’s the Trailer for Ashton Kutcher’s Steve Jobs Movie (AllThingsD)
The first trailer for Jobs, the highly anticipated Steve Jobs biopic, has finally hit the Web ahead of the film’s release later this summer. Directed by Joshua Michael Stern, the film stars Ashton Kutcher as the Apple co-founder, and Josh Gad as his partner, Steve “The Woz” Wozniak, and promises to show Jobs’s evolution from college dropout to tech icon, chronicling the rise, fall and rise of Apple in the process.

Kickstarter Removes Successful Seduction Guide Project (AppNewser)
Kickstarter posted a long blog post criticizing a controversial seduction guide project by Ken Hoinsky that raised $16,300 on the site. Many readers had complained about violent content the author had posted on Reddit. Kickstarter has decided to ban seduction guides “or anything similar” on the site. Huffington Post In a statement released, the crowdfunding website admitted “we were wrong” for not immediately taking down the campaign for Above The Game: A Guide to Getting Awesome with Women.

Google Mine Could Soon Be Yours (SocialTimes)
Google is reportedly working on a new service called Google Mine that will allow Google+ users to track their belongings and compare notes with their circles on the products they own or want to buy.

RIP Snapjoy: The Dropbox-Acquired Photo Service Is Shutting Down (TechCrunch)
Snapjoy, the online photo storage service that Dropbox acquired in December, has some bad news today for its users: it is shutting down. The company noted the information in a blog post, as well as in an email it’s currently sending out to users.