With a 72% increase in the profits for the first quarter, social media giant Facebook has put the onus on the strong mobile advertising business. For Facebook, the giant social networking service, mobile advertising is about 59% of the total revenue generated in the first quarter of 2014. Facebook has been focusing on the increase in the growth of the …
‘Hornet’, top gay social network has over 3 million users in 2 years
Lack of online gay forums or networks or those that were in place sounded too ‘sleazy’, led Sean Howell and a few others to establish Hornet. Though it was a profitable mobile service focusing on helping men find dates, but there was no feature of general socializing. As an app, it filled in the gap for the eager audience and …
Work4 gets $7 million funding to enhance recruitments using social network apps
An online recruiting service, Work4 utilizes social networks to find job leads and advertise vacancies, has raised $7 million in new funding to expand in international markets. It was led by existing financial investors, Matrix Partners while the new investor is the French venture capitalists, Serena Capital. Before this funding, the company Work4 has been able to raise $11 million …