Social Media Newsfeed: Foursquare Ads | Snapchat Storage

Foursquare has rolled out advertising to all businesses. Snapchat discusses who can see your "Snaps," and much more, in this morning's Morning Social Media Newsfeed.

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Foursquare Launches Ad Platform for Small Businesses (Forbes)
Monday, location-based mobile service Foursquare launched a new self-service advertising product for independent merchants who want to reach its 40 million users when they happen to be in the neighbhorhood. “This is the first at-scale global platform that lets small businesses all around the world buy on a hyperlocal level to find nearby customers,” said Steven Rosenblatt, Foursquare’s chief revenue officer. Mashable Businesses have a choice between two basic kinds of ads: search and on the Foursquare home screen. Foursquare will provide metrics for the ad, including the number of views, actions, action rate and cost per action. Adweek Big brands like Hertz, Old Navy and Macy’s have been buying ads on the platform for the last year. Perhaps most interestingly, though, advertisers can now employ Foursquare tips left by users about the companies as creative. Bloomberg Businessweek With about 40 million users accustomed to “checking in” when they visit local businesses, including bars and restaurants, Foursquare can target people with smartphone ads when they’re near a client’s location. If those users subsequently check in to those locations, business owners will know, allowing them to calculate return on their advertising dollars. Reuters This latest move comes as the struggling startup looks to bolster its sales and generate some sort of profit for the $112.4 million it has received in capital from investors. And as it was reported earlier this year that Foursquare supposedly only made $2 million in revenue last year, it could use all the help it can get.

Snapchat Clarifies Who Can See Your Snaps, and How (GigaOM)
In an attempt to clear the air, Snapchat released a blog post Monday that outlines how Snapchat servers handle information — and who can tap that data given the right circumstances. In the post, Snapchat director of operations Micah Schaffer reiterated that all “Snaps” are deleted from servers once they are opened. But unopened Snaps remain on the servers for roughly a month — although Schaffer assured users that no one actually looks at them.

[Infographic] The New York Times Gets More Mentions Online Than Mashable (SocialTimes)
Who receives more mentions online? Traditional media outlets such as The New York Times or new media sites like Mashable? Traditional wins.

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Hack Attack! Mark Zuckerberg and Bill Gates Teach ‘Hour of Code’ Online Computer Science Class (AllThingsD)
With tens of millions of dollars worth of support from all the bigwigs in tech, a new nonprofit called wants to bring computer science into schools. Its first initiative will be a worldwide “Hour of Code” during the second week of December, with materials provided that include coding tutorials from Mark Zuckerberg and Bill Gates.

Facebook Adding QR Codes to Android App, Directing Scanners to Users’ Profiles? (AllFacebook)
Some Facebook Android users now have the option of allowing people to scan QR codes on their Android applications that direct those people to their Facebook profiles. Reader Yan Yanko Kotliarsky shared this screenshot.

Open-Source Blogging Platform Ghost Opens to the Public, Hopes to Take on WordPress with Simplification (The Next Web)
The open-source blogging platform Ghost, which launched privately just three weeks ago to its 6,000 Kickstarter backers, is now open to the public. The new service aims to make a name for itself by focusing on just blogging, in other words simplifying what the oh-so complex WordPress has become.

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Twitter’s Influence on Holiday Shopping [Infographic] (AllTwitter)
Twitter commissioned a survey from research firm DB5, which surveyed 2,000 U.S. holiday shoppers, more than half of whom use Twitter regularly. It found that 45 percent of respondents said they would rather take Twitter shopping with them than their husband or wife, among other findings.