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2013/11/14

Twitter users taunt JPMorgan

Snapchat reportedly rejects Facebook's multibillion-dollar buyout | Facebook updates Messenger app | LivingSocial hit by 30-hour outage
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November 14, 2013
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Snapchat reportedly rejects Facebook's multibillion-dollar buyout
Sources say Snapchat has spurned a $3 billion acquisition offer from Facebook, and that 23-year-old CEO Evan Spiegel has said he won't sell a significant portion of the company until at least next year. Facebook had hoped that Snapchat could help it win back teen users, but some analysts say the messaging application would have lost much of its appeal after a Facebook takeover. "If you're friends with your parents and relatives on Facebook, you don't want to share your most candid pictures there," Ryan Tate writes. The Wall Street Journal (tiered subscription model)/Digits blog (11/13), Bloomberg Businessweek (11/13), Wired.com (11/13)
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LivingSocial hit by 30-hour outage
LivingSocial went offline for more than 30 hours on Tuesday and Wednesday in what CEO Tim O'Shaughnessy called an "incredibly low point" for the company. The outage was blamed on "internal issues" with the company's website and mobile application. "Suffice to say, we are ashamed and embarrassed," the network said in a blog post. All Things D (11/13)
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Some investors bet that Twitter's price will fall
The cost to borrow Twitter shares increased to as high as 20% on Wednesday, suggesting that many investors believe Twitter's stock price will drop, analysts say. "I know there are a fair number of people that do believe Twitter is overvalued and will be looking to short the stock," said Michael James of Wedbush Securities. Reuters (11/13)
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Ideas in ActionSponsored By
Hashtags boost social commerce across platforms
The simple hashtag popularized by applications such as Instagram has revived purchasing via social media by aiding visual search and helping content go viral. "[B]rands are realizing the hashtag's potential to be a link that unites messages in an increasingly fractured social-media landscape," writes Kevin Bobowski. Chirpify and American Express have teamed up with Twitter to develop ways that the hashtag can be used for purchasing to take advantage of the feature. Advertising Age (free access for SmartBrief readers)/DigitalNext blog (11/13)
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Twitter users taunt JPMorgan
JPMorgan Chase drew jeers from Twitter users after an attempt to start an online conversation using the hashtag #AskJPM. The campaign drew 6,000 responses in its first six hours, including complaints about foreclosures and allusions to the bank's legal troubles. Bloomberg (11/14), Business Insider (11/13)
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Research and ReportsSponsored By
Can a social website make you happy?
Happify has created a website designed to make users happier through online games and social tools. Psychologists say that the website is based on sound research, but that it's too early to claim that a social network can make a person happy. "While some studies do show a positive effect, many show the opposite to be the case," Columbia researcher Maria Konnikova says. Bloomberg Businessweek (11/14)
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The Takeaway
Analysis: Coke's online magazine is a "secret PR weapon"
Coca-Cola has set up The Coca-Cola Journey, an online magazine, to act as a hub for the brand's online content. That effectively gives Coke a "secret PR weapon," Andy Sernovitz writes. "Having their own media outlet has given Coca-Cola the power to defend itself against false information quickly and in their own words instead of going through a someone else," Sernovitz writes. SmartBrief/SmartBlog on Social Media (11/14)
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Want a subway ticket? Drop and give me 20
Commuters in Moscow are being invited to engage in calisthenics in order to obtain a free train ticket. Automated ticket machines instruct travelers on the exercises required, and monitor them for cheating before dispensing a ticket. Mashable (11/13)
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SmartQuote
Twitter is raw, uncontrolled, unfiltered reality."
-- Erik Gordon, a professor at the University of Michigan, as quoted by Bloomberg
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 Andy Sernovitz, Editor at Large
Andy Sernovitz is the New York Times best-selling author of "Word of Mouth Marketing: How Smart Companies Get People Talking" and the blog "Damn, I Wish I'd Thought of That!" He runs WordofMouth.org, where marketers and entrepreneurs learn to be great at word of mouth marketing, and SocialMedia.org, the community for social media leaders at the world's greatest brands.
 
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