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Twitter Obtains $1 Billion Credit Line on Road for IPO (Reuters)
Twitter has obtained a $1 billion credit line ahead of its initial public offering, the company disclosed Tuesday in an amended investor prospectus. Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank were involved in arranging the credit deal, Thomson Reuters LPC reported earlier this month. The banks are also underwriters of Twitter’s IPO. Bloomberg In a regulatory filing Tuesday, Twitter also said MoPub, an advertising startup that it’s acquiring, recorded sales of $6.52 million in the first half of 2013, compared with $2.69 million for all of last year. The acquisition is scheduled to close in November, Twitter said in an updated prospectus with the U.S. Securities and Exchange Commission. Adweek Twitter agreed to buy MoPub in September in exchange for almost 15 million shares that likely will be worth more than $300 million. MoPub takes transaction fees from its mobile ad exchange. San Francisco Business Times In addition, San Francisco-based Twitter said CEO Richard Costolo had his salary cut from $200,000 to $14,000, effective in August. The pay cut is similar to what other highly compensated CEOs have done for tax purposes, and typically comes with massive stock gains. TechCrunch The new info comes as Twitter prepares for a much-anticipated IPO on the NYSE under the symbol TWTR. The company’s previous S-1 filings showed that it now has 230 million active users and earned $168.6 million in revenue in Q3 2013.
The Five Key Announcements from Apple’s Event (USA Today)
Apple’s latest tech event proved to be another newsworthy affair, with the introduction of several new products as well as updates to its software suite for personal computers, tablets and smartphones. Here’s a recap of the five biggest announcements.
A Simple Infographic with A Lot of Great Email Marketing Tricks (SocialTimes)
I’m not crazy about infographics, but a lot of you like them, so they’re a thing we still have here at SocialTimes. Sometimes they can be really handy, like the one I’m about to show you from Marketo.
YouTube Expands Paid Channels Pilot to Partners with at Least 10,000 Existing Subscribers, Adds Mobile Support (The Next Web)
YouTube Tuesday announced it is expanding its paid channels pilot to all eligible partners that have at least 10,000 existing subscribers. Furthermore, YouTube viewers can now discover and subscribe to paid channels from YouTube’s mobile website.
Facebook Under Fire for Reversal of Ban on Beheading Videos (AllFacebook)
BBC News reported Monday that Facebook reversed a decision it made in May to ban videos of decapitations and other types of extreme violence. The social network immediately came under fire, with U.K. Prime Minister David Cameron saying in a tweet, as reported by BBC News: “It’s irresponsible of Facebook to post beheading videos, especially without a warning. They must explain their actions to worried parents.”
New Selfie App Will Be Your New Fave or Your Worst Nightmare (BetaBeat)
The developers behind a new app called Selfie are banking on our secret obssession with self-portraits. They’ve created an app that’s a cross between Instagram and Snapchat, but only allows users to use their front-facing smartphone cameras.
‘There’s a New Malcolm Gladwell in Town. That Town is LinkedIn, and That Malcolm Gladwell is Conan O’Brien’ (LostRemote)
Conan O’Brien and Team Coco have been late-night social TV leaders since moving to TBS and have made good use of Twitter and Facebook as mediums. Now, Conan is taking to LinkedIn, joining as an Influencer and as “CEO at Conan.”
This Tool Blocks All Sponsored Stories and Ads on Facebook (VentureBeat)
If Facebook’s “sponsored” posts from brands and e-commerce sites really annoy you, Adblock is here to save the day. Tuesday, the company announced an interesting product update that lets you cut down on the clutter in your news feed.
Storify Stories Now Included in Tweets’ Related Headlines (AllTwitter)
Back in August, Twitter introduced a “related headlines” feature that makes it easy and efficient to discover stories that provide more context for newsworthy tweets. Great news for Storify users: embedded Storify stories will now be part of Twitter’s related headlines.