Magic Leap CEO Rony Abovitz participated in a Reddit AMA (“Ask Me Anything”) session last week and his answers revealed some of the virtual reality company’s lofty ambitions. The startup raised some $542 million last year to engineer a pair of chunky sports sunglasses that can make virtual objects appear in a real life setting, a technique called “cinematic reality.” Abovitz believes that Magic Leap’s computing technology could eventually replace the other screens in our daily lives, including those on smartphones. Continue reading Magic Leap’s Cinematic Reality May Replace Your Smartphone

Reddit, the self-proclaimed “front page of the Internet,” wants to give something back to its millions of active contributors. In a blog post Friday, Reddit announced its plans to distribute 10 percent of its equity in the form of ‘reddit notes’ to approximately 950,000 users in the fall of 2015. The ‘currency’ can be used to tip, donate, or trade on the Reddit site, although specifics are still being worked out. Reddit plans to use a random lottery for distributing reddit notes to active user accounts. Continue reading Reddit to Thank Active Community Members with Equity Share

Redditmade, unveiled Wednesday, helps users raise money to create and sell customized products. The crowdfunding service gives users 30 days after creating an item to raise the money and send the product out. Reddit will then take a cut of the campaign for platform costs. While Redditmade is similar to Kickstarter, it focuses on physical goods rather than ideas. It then encourages users to donate revenue from successful campaigns to charities and causes. Reddit also plans to give a percentage to charity. Continue reading Reddit Introduces Crowdfunding Service Called Redditmade

Facebook’s new “Rooms” app is reminiscent of the Internet bulletin boards and chatrooms of old. The iOS mobile app allows users to create discussion boards on almost any topic and chat with people they may or may not know. Participants can use any username they want and they can change usernames in different rooms. Unlike traditional text-heavy, desktop-based chatrooms, the Rooms app is designed for users to post videos and images and have online discussions on-the-go. Continue reading Rooms: Facebook Embraces Anonymity with New Chat App

Kris Sanchez, one of the top 100 influencers on Twitter, makes $500,000 a year from sponsored links alone. Social Reactor, a company that matches social influencers like Sanchez with advertisers, supplies galleries and sites that Sanchez links to in his tweets. With this model, he is paid per click that those pages receive. Branded deals with companies such as Ford and Paramount have been very lucrative for the 23-year old. He also makes money through mobile apps. Continue reading Social Influencer Makes More Than $500K a Year via Twitter

Before Wednesday, social media startup Reddit, which has 174 million regular monthly users, did not offer a mobile app. Instead, the online message board worked with a variety of third-party, unofficial programs. However, in the wake of a large round of venture funding, Reddit announced that it has purchased the most popular of these third-party programs, Alien Blue. The app will now become the official Reddit app, available for download via Apple’s App Store. Continue reading Reddit Acquires Alien Blue, Now the Official Reddit Mobile App

Members of anonymous online messaging forum 4chan claim to have access to as many as 200,000 Snapchat photos through a third-party app called Snapsaved. The smartphone tool allows creators to store photos from their Snapchat accounts. Anonymous members have said that a link will be posted, allowing users to download the photos. It is not clear who created Snapsaved, and the app’s site is no longer working. Meanwhile, Snapchat claims that its servers have not been compromised.

Continue reading Third Party Site May Have Stored 200,000 Snapchat Images

Online quiz startup Qzzr allows users to create as many quizzes as they want for free. The service helps websites drive social traffic by uploading quizzes to their webpages. The pro version also helps companies capture leads and present special offers. Sites such as BuzzFeed and Zimbio have seen a burst in views due to these quizzes. Qzzr officially launched last week with $2 million in seed money and partnerships with ESPN, Yahoo, Mashable, Reddit, College Humor, and others.  Continue reading Qzzr: New Quiz Creation Tool Helps Sites Drive Social Traffic

Social news and entertainment site Reddit was one of the most shared channels linking to controversial celebrity photographs reportedly hacked from iCloud accounts. In the six days prior to Reddit’s removal of the photos, the site earned enough revenue to run its servers for a month. This is based solely on Reddit Gold, and does not include ad revenue from the quarter billion page views. As Reddit seeks a new round of investments, the site’s belated removal of the page is not considered a coincidence. Continue reading Reddit Earns Significant Revenue During Celeb Photo Scandal

Public interest groups and tech companies participated in an Internet “slowdown” yesterday to raise awareness of the potential impact to net neutrality and an open Internet if slow lanes were to result from proposed FCC rules. It was not an actual throttling of Internet speeds, but a campaign in which sites featured messages about the issue and symbolic “loading” icons. Thousands of websites urged their users to take action. As a result, the FCC received a record 1,477,301 public comments. Continue reading Battle for the Net: Internet Slowdown Generates Big Numbers

Facebook Mentions is a new iOS app that encourages “actors, athletes, musicians and other influencers” to interact with their fans. It is essentially a more straightforward way for verified accounts with cluttered activity to manage their public figure pages. On the app, these users have a facilitated process for accessing their mentions and responding to them, along with allowing users to view conversations they follow and general trending topics.
Continue reading Celebrities Can Interact with Fans via Facebook Mentions App

Tech companies of all sizes are urging the Federal Communications Commission to enforce net neutrality by reclassifying the Internet as Title II. This reclassification would mean that Internet providers would have to abide by the same laws as public utilities and there would be no Internet “fast lanes.” Representatives from Kickstarter, Spotify, Vimeo and others met with the FCC to discuss the issue last week. Netflix also submitted a filing to the FCC about the proposed net neutrality laws. Continue reading Tech Companies Argue the Internet Should Be a Public Utility

USA Today has launched a program called Social Media Tuesdays, in which staff members are expected to act as if social media is the only means of receiving articles. The idea behind the development is to get the employees to think as their readers think. USA Today has increased monthly mobile readership 48 percent since last year, to 25.5 million. Newspapers are hoping online and mobile offerings will make up for the decrease in traditional print readership.  Continue reading USA Today Takes Steps to Boost Mobile and Online Readership

More than 100 Internet companies and two FCC commissioners are voicing their concerns over FCC Chairman Tom Wheeler’s proposal to regulate broadband providers. Wheeler’s plan would allow broadband companies to charge fees to content providers that want to access the fastest lanes, a proposal that does not treat all Internet traffic equally. Amazon, Facebook, Google and Yahoo are among the companies that described the proposal as “a grave threat to the Internet” in a letter to Wheeler. Continue reading Internet Giants Dispute Proposed FCC Rules on Net Neutrality

More than twenty tech companies and civil liberties groups have started a coalition to fight the National Security Agency’s mass Internet surveillance programs. On June 5, these groups will participate in a “Reset the Net” day of action by posting the campaign’s splash screen on websites and mobile apps. The coalition is distributing free privacy protection software tools to users and calling on developers to add NSA resistant features to sites and apps. Continue reading Reset the Net: Campaign Opposes Mass Internet Surveillance