PicMonkey Grabs $41 Million Investment

Nicole I. Henderson, MBA:

This is huge for PicMonkey. I love the site and I am sure that they are only going to get better. I think that I better go ahead and get my year subscription:)

Originally posted on TechCrunch:

PicMonkey, a Seattle-based photo editing web app just secured a $41 million growth equity investment from Spectrum Equity.

This is the three-year-old company’s first ever round of outside funding, the site has bootstrapped its way into profitability.

“PicMonkey has grown from the ground up into a profitable business without a single round of outside funding,” Jonathan Sposato, co-founder and CEO of PicMonkey, said in a press release.

The app has built up a repertoire of nearly 25 million monthly users over the past several years.

PicMonkey can be used to make adjustments to pictures, build collages or create more complex graphic photo illustrations. The site has also built up “hundreds of thousands” of paid users, who pay about $5 a month (or $33 a year) to use the site ad-free and gain access to a variety of different features.

“It is rare for us to see a user community as passionate and loyal as this one…

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Love the Google Doodle – Happy Birthday Ida B. Wells

Google Doodle Ida B Wells

Google is so clever with their Doodle’s on their home page.  I love the variety that they use in altering this prime real estate on their site.  It is always a great reminder of what has gone on in history that we may not even think about otherwise.

What would you like to see as a Google Doodle?  Leave us a comment below.

Updated Controls for News Feed

Nicole I. Henderson, MBA:

More details on the updated controls in your FaceBook news feed.

Originally posted on Facebook Newsroom:

By Jacob Frantz, Product Manager

News Feed is a personalized stream of stories that you build from the people and Pages you’ve connected to on Facebook. The goal of News Feed is to show you the stories that matter most to you. To do this, we use ranking to order stories based on how interesting we believe they are to you: specifically, whom you tend to interact with, and what kinds of content you tend to like and comment on.

We’re always working to improve and personalize your News Feed experience. We know that ultimately you’re the only one who truly knows what is most meaningful to you and that is why we want to give you more ways to control what you see. Last year we announced some new ways to control what you see in News Feed. Today we are announcing even better tools for you…

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Facebook Empowers Us To Tell News Feed What We Want To See First

Nicole I. Henderson, MBA:

This could be huge for brands if they are truly producing content their customers want to see. A customer could decide to place you in their preferences such that you will definitely appear in their news feed.

Originally posted on TechCrunch:

“We know the algorithm isn’t perfect” News Feed Product Manager Greg Marra tells me. So to make sure Facebook stays entertaining and addictive, it’s giving users more direct control over what they see by revamping News Feed Preferences.

News Feed PreferencesFacebook is rolling out to the U.S. a way to choose friends and Pages they want to “See First” atop the feed, after I spotted it testing the feature last month. The upgraded settings section will now display who’s shown most in your feed and let you unfollow them, refollow people you’ve hidden, and discover Pages based on your interests. It’s coming tothe U.S. on iOS today and other platforms soon.

After years of suggesting who we should add as friends, Facebook is finally helping us to cull and coordinate who appears in our News Feeds. That could ensure our best friends don’t get drowned out by distant acquaintances. The…

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Coke Hopes Logo Change Will Heal Divides in Middle East

Nicole I. Henderson, MBA:

The power of a strong brand…..

Originally posted on TIME:

Coca-Cola has ditched its logo on cans in the Middle East to promote a world without labels.

In honor of the Islamic festival of Ramadan, which began on June 17 and lasts through July 17, Coca-Cola replaced its iconic logo with a simple message: “Labels are for cans not for people.” The campaign was engineered by Dubai-based advertising agency FP7/DXB.

“In the Middle East, a region with over 200 nationalities and a larger number of labels dividing people, these Coca-Cola cans send a powerful and timeless message that a world without labels is a world without differences,” FP7/DXB said in a statement.

Coca-Cola has a history of eye-grabbing ad campaigns, including the “Share a Coke” campaign launched in the United States in 2014 which increased sales of Coca-Cola in the U.S. for the first time in 10 years.

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Name Your Price On Shopping App Compelation

Nicole I. Henderson, MBA:

Cool concept! Let’s see how this work out:)

Originally posted on TechCrunch:

Browse products. Name your price. If the merchant accepts your bid, you automatically buy it. This is how Compelation is flipping the concept of ecommerce and giving consumers the power.

Normally, a merchant sets a sale price, and a buyer simply accepts or rejects it. That’s fast, but leads to tons of missed opportunities and a fundamental lack of transparency. Compelation wants to make sure consumers don’t overpay, while scoring data on price sensitivity for businesses. And with a pre-set demand curve, merchants can choose exactly how much revenue they want to earn or products they want to sell if they’re willing to drop the price low enough.

Compelation’s iOS app beta is normally invite-only, but it’s opening signups for the next 24 hours to let TechCrunch readers give it a try.

Compelation_Combined-1-3

Here’s how it works. You first tell Compelation a little about what you like to buy. I…

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PayPal’s future CEO wants it to be the operating system for commerce

Originally posted on Fortune:

As PayPal prepares to become an independent company in the next few months—it’ll trade under the old stock ticker PYPL—future company CEO Dan Schulman gave the media a glimpse at what the future will look like for the payment giant at a San Francisco event on Thursday.

eBay [fortune-stock symbol=”EBAY”] of course decided to spin-off PayPal as a public company, the company it acquired more than a decade ago, under pressure from activist investor Carl Icahn.

Schulman cited PayPal’s continued strength as growing payments provider to both merchants and consumers. In eBay’s first quarter earnings report in April, it was revealed that PayPal’s revenue had surpassed that of its parent company for the first time, with revenue growing 14% to $2.1 billion. With $8 billion in revenue in 2014, PayPal could be in the elite group of Fortune 500 companies, he added.

“This growth rate is all about mobile,”…

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