HootSuite Adds Industrial-Strength Social Media for Corporate Teams

It used to be that the social media department at any given company was one person with a Twitter account. Now there are teams of dozens. HootSuite wants their business.
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Chirpify Grabs $1.3 Million to Bring Digital Payments to Twitter

There are a ton of companies trying to define commerce on Facebook, but here’s one company that’s targeting Twitter.
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News Byte

Canadian Investors Bet $20 Million on Hootsuite

Investors are putting $20 million into Hootsuite, the social media management platform. Canadian fund OMERS Ventures has acquired the stake in the four-year-old company via secondary purchases from employees and earlier investors. Hootsuite, which lets marketers track and manage their presence on social platforms like Twitter, Facebook and Google+, says it has “nearly four million” users; it has previously raised $4.9 million in debt and equity.

News Byte

Google+ Gives Early Platform Access to Brands

Google+ today took another step toward being a social platform by announcing it had enabled six social media management tools — Buddy Media, Context Optional, Hearsay Social, Hootsuite, Involver and Vitrue — to plug into brand pages (Involver, for its part, says it will limit participation to 20 hand-selected customers). The partners are getting fairly limited tools (Circle management, publishing and monitoring), but it means that brands will be able to use the same tools for multiple social networks.

News Byte

Twitter Tests the Waters With In-Stream Ads

As promised, Twitter is now starting to throw paid ads into users’ streams and hoping not to cause too many ripples in the process. In an initial test with the 900,000 users of third-party client HootSuite, the ads–Promoted Tweets–will be inserted into users’ personal timelines when relevant, based on context and connections. Given the potential for rebellion, Twitter is assuring users its approach to the rollout will be “deliberate and thoughtful.”

Nielsen: We’re Sticking With Our 60 Percent Twitter Quitter Number

Nielsen caused a stir this week by releasing data that showed that 60 percent of Twitter users stop using the much-hyped service after a month. Under fire for the survey’s methodology, Nielsen has rerun its numbers–and ended up with the same result.