Click here to receive the Morning Social Media Newsfeed via email.
Report: Dropbox Seeks More Funding at Whopping $8B Valuation (CNET)
File-hosting service Dropbox has raised $257 million to date, and it’s looking to double that entire amount in a massive round of funding that values the startup at $8 billion, Businessweek reported Monday. Dropbox has been a tech industry darling since its Y Combinator days in 2007 and has routinely found itself on list after list forecasting the next big tech IPO in the wake of Twitter’s earlier this month. Bloomberg Businessweek Dropbox’s past investors include Sequoia Capital, Accel Partners, Y Combinator and more flamboyant types like U2’s Bono and The Edge. “What we can say is that with over 200 million users and 4 million businesses, Dropbox has continued its strong momentum,” said Ana Andreescu, a Dropbox spokeswoman, when asked about the funding round. The New York Times/Dealbook
Dropbox is growing quickly and now has more than 400 employees. As it grows, it is looking to shift from a focus on consumers to an emphasis on enterprise services. Fortune Earlier this month, the company revealed a revamped Dropbox for Business experience that will allow business professionals to pair their personal and professional folders when it officially launches early next year. “People think there’s this consumer version of Dropbox, and there’s this enterprise version of Dropbox,” CEO Drew Houston said then. “We think that’s ridiculous: There should only be one.” TechCrunch Depending on how you forecast Twitter’s revenue, Dropbox could be outperforming it handily. And that is precisely why the $8 billion figure feels oddly inexpensive.
Trained Monkeys Fix YouTube Outage (AllThingsD)
YouTube had an outage on Monday, and its jokey error message (“A team of highly trained monkeys has been dispatched to deal with this situation”) had some users wondering if it had been hacked.
[Infographic] Google Pulls Back the Curtain on Secret Government Information Requests (SocialTimes)
Google’s director for information security and law enforcement matters, Richard Salgado, recently laid bare the extent of government requests for information from the company. Google has been sharing data about governments requesting the data it holds since 2010 as a part of its transparency report.
You Can Now Book Hotels Through Twitter (Forbes)
Loews Hotels are now letting users book hotel rooms completely through Twitter, removing the need for an online booking portal. According to USA Today, users need only tweet to @Loews_hotels and use the hashtag #bookloews for an online agent to respond to the tweet and sort out the details. When a rate and dates are settled, the booking agent will send over a secure form for credit card processing.
Facebook Adds New Vertical Lead, Auto, U.S. (AllFacebook)
Michelle Morris joined Facebook as vertical lead, auto, U.S., and she will be based in the social network’s Detroit office, where she will work with automakers on using Facebook to build their brands and drive sales. Morris had been leading advertising strategies for the North American automotive team at Google for the past seven years.
Why the Youth Market Matters for Snapchat and Facebook, Despite What the WSJ Thinks (GigaOM)
Wall Street Journal technology writer Farhad Manjoo says there’s no point in paying attention to what younger users do, because they are poor predictors of technology trends — but he couldn’t be more wrong.
Tide Teams Up With NFL to Run a Cool ‘Color Captain’ Twitter Campaign (AllTwitter)
This football season, NFL laundry sponsor Tide has found an inventive way to leverage its 32-team sponsorship deal with a unique Twitter campaign. Tide has anointed one player from each NFL team (32 in total) to be a Tide Color Captain, celebrating NFL fans and their passion for their team’s colors.
Randi Zuckerberg: The Best Thing About Social Media is Also the Worst (Mashable)
Life can pass you by while you’re busy “socializing” on your smartphone. It’s a message we’re all familiar with by now, but the most recent proponent of tech-life balance may surprise you: Randi Zuckerberg, a long-time Facebook executive and the older sister of company founder and CEO Mark Zuckerberg.
‘Scandal’ Jumps Five Spots on Twitter Nielsen Ratings (LostRemote)
ABC’s “Scandal” showed the most Twitter interaction growth, jumping up to the most-tweeted about show this week, up from ninth the week before. The show, which had one of its stars moderate a live real-time Twitter timeline during last Thursday’s show, had 351,000 tweets penned about it reaching an unique audience of 2, 214,000, up from 187,000 and 1,506,000, respectively, the week before.