What’s New on Social Networks: Getty gets pinned, Facebook seeks Snapchat, Twitter unveils share price…
Boo! Happy (almost) Halloween. It seems you and I aren’t the only one with tricks and treats up our sleeves, Facebook is trying to get a hold on Snapchat, Pinterest is wheeling and dealing with Getty Images, and Instagram ads are rolling out. Read more in this week’s social media news recap:
Getty gets pinned
Eighty million stock photos and illustrations will now be available on Pinterest thanks to a new deal with Getty images. As TechCrunch reported, this will insure that photographers are credited and that key words will be used to connect users to the “right advertisers.” Photo locations will also be listed.
Facebook seeks Snapchat
In the race to acquire the most innovative startups, Facebook has set his sights on Snapchat, the popular short-term photo/video-sharing app. Zucerberg apparently approached the company with a $1 billion+ acquisition but Snapchat’s CEO Evan Spiegal wasn’t interested. Neither have released a formal statement at this point. Stay tuned…
Twitter unveils its share price
After weeks of speculation, the U.S. firm has finally revealed the share sale details in its regulatory filing. With nearly 70 million shares, the initial public offering (IPO) is set at a range of $17 to $20 dollars. According to several analysts, this sale is low and is expected to raise to $1.6 billion. We’ll see whether that turn makes Twitter profitable at long last.
Instagram ads are live
The time has come for the U.S. marketing to meet Instagram ads. They’re being unveiled with caution at the moment, labeled as “sponsored” with a hide button. Tapping the … button will even allow for ad feedback. As Instagram posted on their blog: “Building Instagram as a business will help us better serve the global—and ever growing—Instagram community, while maintaining the simplicity you know and love.” What do you think?