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LinkedIn Escapes US$5 million Class Action Lawsuit over Data Breach

A $5 million class action lawsuit over LinkedIn data breach dismissed.  A US judge ruled:  Any damage done to LinkedIn users over the massive June 2012 data breach was abstract, not actual.  Thus did a $5 million class-action lawsuit against the networking site get dismissed, before the case ever breathed the air of a court trial.   The breach resulted in the compromise of 6.5 ... Read More »

Credit Bureaus in India May Soon Use Social Media in Credit Scores 

Credit bureaus in India may soon use data and client feedback from social media sites like Facebook, Twitter and Yellow Pages in credit scores Experian, which provides information to companies, gathers a lot of information from the social media space such as comments on Yellow Pages, consumer forums, company websites and published reports. “We are working with a private sector bank ... Read More »

Social Media Analytics Firm tracx Raises $18m

Social media analytics specialist tracx has secured an $18m Series C round of financing, which it will use to drive product innovation, hire new staff, and fund the launch of additional global offices. With existing locations in New York, Tel Aviv and London, tracx’ solutions allow real-time relevancy analysis and data mining of social media, giving insights into customer, competitor ... Read More »

Acxiom and Weibo Launch Big Data Marketing Platform “Audience Onboard”

New Platform Helps Advertisers Unleash the Value of First Party Data to Improve Audience Reach Acxiom® announced a strategic partnership with Weibo Corporation (Weibo), China’s leading social media platform.  As part of the relationship, Weibo will leverage the Acxiom Audience Operating System® (AOS ®) to deliver greater digital marketing efficiency to its advertisers in a privacy-compliant way via Acxiom’s data ... Read More »

Outsell Signature Event “ConvergenceNOW” a Great Success

BIIA extends its compliments to Anthea Stratigos, CEO and Co-founder of Outsell, and her team for producing an outstanding industry event “ConvergenceNOW!”  The event, which was co-produced with the Jordan, Edmiston Group, Inc. (JEGI), took place in the historic town of Versailles outside Paris.  Over twenty presenters covered a wide range of key topics on the convergence of content, technology, ... Read More »

Google Acquires Jetpac

Google has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram. Jetpac announced that its application would be removed from Apple´s online App Store in the days ahead and that it would stop supporting the software in the middle of September. Jetpac mines publicly shared pictures for ... Read More »

Salesforce.com Introduces Salesforce1 for Retail

Salesforce.com (NYSE: CRM) announced Salesforce1 for Retail.  Retailers can now leverage Mobile Clienteling and Salesforce Communities for Retail to build 1:1 relationships with shoppers anytime, anywhere and on any device to make every customer feel like a VIP. In addition, salesforce.com global alliance partners Capgemini and PwC have joined the Salesforce1 for Retail ecosystem to develop innovative new retail solutions built ... Read More »

SINA Q1 2014 Revenues Up 36%

SINA Corporation (the “Company” or “SINA”) (NASDAQ GS: SINA), a leading Internet media company serving China and the global Chinese communities, announced net revenues increased 36% year over year to $171.5 million.  Non-GAAP net revenues increased 38% year over year to$167.3 million, exceeding the Company’s guidance between $162.0 million and $167.0 million. Advertising revenue grew 44% year over year to $135.7 million, reaching the high-end ... Read More »

Tips for Building a Successful Enterprise Social Network

Enterprise social networks allow organizations to harness their collective “social intelligence.” Social network intelligence is the information that helps locate relevant expertise, furthers collaboration efforts, and finds important relationships that can be leveraged to help close deals, among other benefits. Knowledge that once might have been overlooked or lost is captured and applied to develop powerful new innovations. The layer ... Read More »

SINA Q1 2014 Revenue Up 36%

SINA Corporation announced preliminary selected unaudited financial results for the fiscal quarter ended March 31, 2014.  The preliminary results are subject to change as the Company is still in the process of finalizing the financial results for the quarter. For the first quarter of 2014, the Company now estimates its preliminary unaudited financial results to be as follows:  Total net revenues* ... Read More »

Facebook Q1 2014 Revenues Up 72%

Facebook just released its earnings for the first quarter, with revenue of $2.50 billion, up 72% year-over-year.  Revenue from advertising was $2.27 billion, up 82% over that time. Daily active users were 802 million as of last month, up of 21% year-over-year. That’s 609 million on mobile (up 43%). Monthly active users were1.28 billion as of the end of March, ... Read More »

Sina Weibo IPO

Sina Weibo’s shares jumped 19 percent in its first day of trade on Wall Street.    Ahead of its debut on the Nasdaq stock exchange, China’s Twitter equivalent Sina Weibo sold 16.8 million US depository shares at $17 (12.3 euros) each, raising $258.6 million. The IPO was less than the company had hoped for, however once the bell rang Thursday, a ... Read More »

D&B Ramps Up Data and Analytics by Acquiring Fliptop’s Social Data Matching Business Unit

Acquisition expands D&B data and analytics to include social data delivered through the cloud D&B (NYSE: DNB) has acquired the social data matching business unit of Fliptop, a leader in software solutions that aggregates public web and social data.  The acquisition combines social data with D&B’s proprietary data and analytics to deliver results for a growing and global customer base. ... Read More »

Markit Enhances Factors Suite with Social Media Indicators

Markit study confirms social media sentiment measures are effective signals of future stock performance Markit, a leading global diversified provider of financial information services, announced that it has partnered with Social Market Analytics (SMA) to provide new signals of investor sentiment designed to help customers inform their trading strategies or investment process.  The social media indicators enhance the Markit Research ... Read More »

Facebook to Acquire WatsApp for $19bn

Facebook has agreed to buy the mobile messaging company WhatsApp for $19bn (£11.4bn), the social network has announced.  The company said in a statement that it would pay $4bn (£2.4bn) in cash and $15bn (£9bn) in Facebook shares as part of the deal. The app’s founders and employees will get $3bn (£1.8bn) of the shares as restricted stock that will ... Read More »