How Does Twitter Make Money?
How Does Twitter Make Money? I have looked but do not see any advertisments. Twitter is an online social networking and microblogging service that enables it...
By: MrNewsfromWorld
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How Does Twitter Make Money? - Video
Features listed on the app's iTunes profile include: 'share a selfie', 'browse the real-time feed', 'double-tap selfie that you like', and 'send private messages to friends'.
Shahidi told TechCrunch that the app would take on rival photo-sharing site Instagram, but without mundane pictures of "coffee or salad". He added that people are going to enjoy "seeing their life documented through the app".
Justin Bieber has reportedly invested $1.1 million (689m) in Shots of Me. Other investors include venture capitalist Shervin Pishevar, boxer Floyd Mayweather and angel investor Tom McInerney, according to a report in Fortune magazine.
It is coming increasingly common for cdlebrities to invest in technology companies. Ashton Kutcher, for example, has backed a number of firms, including property rental service AirBnB and Summly, the news aggregation app recently bought out by Yahoo.
This is Bieber's first investment in a social network, and the first time the popstar has made a VC investment independently of his manager Scooter Braun.
Bieber already has a massive teenage social media following. He has 46.5 million Twitter followers making him the second most popular member of the micro-blogging website after fellow singer Katy Perry and his first Instagram picture crashed the sites servers.
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Bieber-backed selfie-sharing app 'Shots of Me' launches on App Store
With tech entrepreneurs trying to disrupt entrenched problems in every field, from dating to transit and education, perhaps its no surprise to see them taking on one of the most vexing problems of all: human happiness.
Happify, founded two years ago by a group of veteran tech entrepreneurs, has created a new website that claims to make its users happier through a series of freemium games with social networking features. Activities include clicking on balloons with positive words on them and writing down encouraging recent events. Happify says it works closely with scientific advisers, and several psychology researchers who looked at the site at my request say it appears to be oriented around sound principles from positive psychology, a relatively new subfield based on bolstering positive thought patterns.
But theres clear tension between the companys desire for scientific credibility and its push for user sharing, microblogging, and networking. Happify encourages its users to be as public as possible. Scientific research shows that social support and positive feedback are key to staying motivated on your happiness journey, the website reads. If youd like to interact more with other Happify members, you can update your privacy settings on the Settings page at any time!
That is a stretchquite a bit of one, actually, says Maria Konnikova, a Columbia University psychology researcher who has examined Facebooks impact on user happiness. Theres conflicting work on the effects of social networking sites on happiness. While some studies do show a positive effect, many show the opposite to be the case.
Happify also hasnt undergone the kind of rigorous testing needed to support its prominently displayed claim that 86% of members get happier in two months. Acacia Parks, a positive psychology researcher and one of the companys advisers, allowed me to review an internal document evaluating early data about Happify, and its findings were much more cautious. According to the document, users reported growing happier over time, but its difficult to know what constitutes a clinically significant increase in Happifys happiness scale, which the company says is adapted from established questionnaires used in clinical psychology. The evaluation included no control group, so its difficult to interpret the results.
Theres a controlled trial in the works, says Parks, with plans to submit the results for publication next year. For now, Happify is asking premium users to pay for a service that hasnt been shown to be more effective than free alternatives. Happify co-founder and President Ofer Leidner says, I think it should pointed out how unusual it is for a company to put its framework through scientific studies so early.
The other big problem with Happify is that it doesnt do enough to steer people in serious need of help to more developed resources. While Leidner says, Were not thinking about this as a service for depressed people, the site doesnt offer concrete alternatives, like crisis phone numbers or links, to users who bomb its happiness test. Happify recommends counseling as an option, then resumes promoting its own features, its disclaimer tucked into terms-and-conditions language.
Even if the sites key audience is healthy people who just want to be happier, the authors need to prepare for what happens when clinically depressed or anxious (or people with eating, substance abuse disorders, etc.) use the site, Sonja Lyubomirsky, a happiness researcher at the University of California, Riverside, wrote in an e-mail. Lyubomirsky says Happify asked her to advise the company, but she declined because shed recently given birth.
Happifys long-term challenge is revenue. Leidner says its currently trying to make money by accumulating paid subscribers, though he wouldnt share subscription figures. The company is also weighing other ways to raise revenue in the longer term, he says, including by targeting services to customers based on what theyve revealed in its happiness exercises. A customer looking to change jobs could be offered employment listings or career coaching.
While its easy to envision the lines between research and profits starting to blur, theres a certain genius to this. Someone who might not broadcast unhappiness with their work or home life on Facebook (FB), where hundreds of friends could see, might do so on Happify. Leidner says the company has no specific plans on this front and that any new revenue model would have to pass robust testing.
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Happify Sells Social Networking Science, for Now
Introducing Unite Connections - Your Social Networking Tool
"Events are moving with twenty-first-century speed, often outpacing the institutions and systems designed for another age." Secretary-General Ban Ki-moon, statement to the General Assembly...
By: Erin Moore
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Introducing Unite Connections - Your Social Networking Tool - Video
11/13/2013 5:30 PM ET
By Beth Orenstein, Insure.com
Lots of people can't wait to document their every move on Facebook, Twitter and other social media these days. When it comes to auto insurance, you should think twice before hitting 'send.'
A woman in Florida told her auto insurer that a hit-and-run driver had hit her car. She filed a claim for the damages. Then she went on Facebook and posted on her page how her daughter had caused the automobile accident.
Before the insurer paid her claim, its investigators searched social media and discovered the lie. She was later convicted of filing a fraudulent claim.
Such scenarios are happening more frequently these days.
Property and casualty insurers are increasingly using social media channels to investigate whether their customers' claims are genuine, according to a recent report by Timetric, a provider of online data, analysis and advisory services headquartered in London. Timetric's 2013 study found that fraud investigators use social media to investigate auto, fire and burglary claims the most.
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Social media vs. insurance