Social Media Newsfeed: Instagram Time-Lapse Video App | Snapchat Investment

Instagram unveils time-lapse video app Hyperlapse. Snapchat receives investment of up to $20 million. These stories, and more, in today's Morning Social Media Newsfeed.

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Hyperlapse150Instagram Debuts Time-Lapse Video App Hyperlapse (AllFacebook)
Facebook-owned photo- and video-sharing network Instagram announced the launch of Hyperlapse, a stand-alone application (currently available only for iOS) that allows users to create high-quality time lapse videos. The key to Hyperlapse, according to Instagram, is its image-stabilization technology, and the app allows users to choose playback speeds from one time (normal) to up to 12 times, as well as to easily share videos to Facebook, Instagram or the Camera Rolls on users’ iOS devices. The Next Web So if you’re running toward some friends on the beach, or want to record an amazing goal by your favorite football star, this app should deliver some usable footage without any problems. Just like Instagram, the controls for Hyperlapse are dead simple. Wired If Hyperlapse is so cool, it makes you wonder why it’s built as a standalone app, rather than a new feature of Instagram. That had to do with the realities of building something really cool, but also fairly hard to explain. CNET
Instagram’s implementation focuses on ease of use. There is no login required to use the Hyperlapse app. When it launches, you are presented with the video camera. Use the start/stop button to record and the green check mark to save direct to the Camera Roll. TechCrunch This looks to be one of the coolest new mobile apps released in a while, particularly from the Facebook/Instagram crowd. Android users will have to wait for a later version, unfortunately.

Report: Snapchat Could Take Up to $20 Million Investment from Kleiner Perkins (VentureBeat)
Kleiner Perkins Caufield & Byers will invest up to $20 million in the (temporary) messaging service Snapchat, reports Tuesday say, giving the startup — which has virtually no revenue — a valuation of $10 billion. Snapchat has been making the rounds looking for potential backers in the past few months. The last rumor had the messaging service in talks with Alibaba about a possible investment. The talks reportedly fell through.

Grumpy Cat Doesn’t Like Your ALS #IceBucket Challenge (SocialTimes)
Tardar, also known to the Internet as Grumpy Cat, has a few things to say about your ALS Ice Bucket Challenges: No, Nope, Nada. Tardar’s not willing to get under the ice, because cats are too cool for viral Internet videos, and they would like to remind you they’re already dominating Internet traffic by being their awesome selves, aka, not human.

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Feds Creating Database to Track Hate Speech on Twitter (Fox News)
The federal government is spending nearly $1 million to create an online database that will track “misinformation” and hate speech on Twitter. The National Science Foundation is financing the creation of a web service that will monitor “suspicious memes” and what it considers “false and misleading ideas,” with a major focus on political activity online.

Walmart Dominates Social Media #BackToSchool Chatter [Infographic] (AllTwitter)
According to data from Engagor, Walmart had the highest volume of social chatter related to back-to-school between Aug. 1-24, registering 232,210 total mentions across Twitter and Facebook. Kohl’s came in second with 200,899 mentions, with Macy’s (148,571 mentions) finishing third.

Why Social Media Makes You Less Chatty Than You Think (Re/code)
Tired of hearing all of your friends spout off on Facebook and Twitter? Here’s a consolation: If they weren’t on Facebook and Twitter, they would talk a lot more.

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The Emmys Were Boring (LostRemote)
Facebook and Access Hollywood promised to embarass celebs (and themselves) by bringing a Facebook Mentions question box, but it was used little on the Red Carpet. NBC promised it would be the “most social” Emmys ever, but even a Twitter zip line and Vine stations missed the mark.