The top 10 social-media stories that shaped 2012

With outlandish lawsuits, a botched IPO, and a detailed social record of historic world events, 2012 will be remembered as a year of extreme highs and lows in social media. Here are the top 10 social stories that defined the year.

Funding Daily: venture capital makes it rain with downpour of investment

Funding news flooded our wire today with so many announcements and releases, it was like swimming upstream in a hurricane to keep up with it all. We’re having to include a lightning round below just to cover all the bases. …

Autodesk to buy hot video app Socialcam for $60M

Software company Autodesk has agreed to buy quickly growing video app Socialcam for $60 million, the company announced Tuesday.

Socialcam, along with video sharing rivals Viddy and Klip, aims to be the next “Instagram for video,” but the startup’s buy …

Will Viddy (and other video apps) kill the YouTube star?

While everyone is trying to predict which video sharing app will be the true “Instagram for video,” the massive surge in popularity for video apps could also become a problem for the online video mainstay YouTube.

As consumers move towards …

34 iOS app makers at center of congressional inquiry on data collection practices

Not satisfied with Apple’s updated privacy policies, members of a congressional subcommittee dedicated to consumer protection have gone directly to the makers of social iOS applications and are demanding answers on how these apps access personal data.

G.K. Butterfield and …

Lights, camera, Klip: Social video startup raises $8M

As people’s pockets fill with camera-enabled smartphones the rush is on to be the top dog in social video sharing. Palo Alto video startup Klip announced today that it has raised $8 million in a second round of funding,  just …