Meebo closes $25M in funding as content sharing gets hotter

Online-chat and content-sharing provider Meebo is closing a $25 million round of funding led by Khosla Ventures, the company confirmed, as investors try to muscle in on every aspect of the burgeoning social networking space.

Business-networking app Unsocial gets new leadership

The guys over at Unsocial, a mobile app that helps people find business connections in a nearby geographic area, have certainly kept themselves busy. Since launching at VentureBeat’s DiscoveryBeat conference just a few weeks ago, Unsocial has added a new CEO, executive vice president and 10,000 users — just in time to return as the official conference app of GreenBeat 2010.

High-flying Reddit loses chief to its founder’s startup

Social news aggregator announced Monday that its chief executive and lead developer Christopher Slowe is leaving the company, even as the site experiences a year of unparalleled traffic success.

Nintendo will expand social features with its new 3DS

Nintendo has drawn a lot of notice for its upcoming 3DS game handheld because it lets you watch stereoscopic 3D imagery without 3D glasses. But the new system, which debuts in March in the U.S., also has an expanded social networking feature that the Wall Street Journal says will be critical to its acceptance.

With layoffs and top execs gone, Digg needs to redesign its business, too

Social news aggregator Digg laid off more than a third of its staff Monday in the wake of a failed redesign, and its top sales and finance executives left — suggesting that more than just the website’s look and feel need fixing. In a post on the company blog, new CEO Matt Williams claimed the cuts, affecting 25 out of 67 employees, were needed in order to achieve profitability by mid-2011.

Angels and VCs partner up to pump $282M into startups

Angel investors and venture capital firms are teaming up to find the best deals, new data released today shows, with investors paying particular attention to startup companies active in the IT and business technology space

WSJ: TechCrunch’s MySpace censorship claim ‘ridiculous’

The Wall Street Journal is fighting back against an article today by TechCrunch’s Michael Arrington (pictured) that claims the newspaper pulled its punches when examining whether or not online social networks were inappropriately leaking personal information about users to advertisers.

Social buying funding heats up as ShopSocially, Groupalia snag millions

Investors interested in grabbing a piece of the white-hot social buying sector threw more money into the space today, as shopping recommendation site ShopSocially announced $1.1 million in first round financing, and Spanish coupon site Groupalia locked down €5 million in its second institutional round of funding.

New Digg CEO apologizes to site’s fans

Some six weeks after he was hired to be the new chief executive of news aggregator, Matt Williams greeted community members for the first time today, apologized for  the site’s botched attempt at a redesign, and announced officially that several old features would be returning.

Private online community Passenger snags $7.5M, new CEO

Private online community and social networking firm Passenger announced today that it has raised $7.5 million in a funding round led by shareholders Steamboat Ventures, StarVest Parners and Shelter Capital Partners.

Why is non-CEO Kevin Rose messing around with Digg?

Social news aggregator Digg hired former Amazon executive Matt Williams to be CEO a little over a month ago, but ex-CEO and co-founder Kevin Rose is still fiddling around with the site it seems.

SocialShield pulls in $10M to help parents monitor kids’ social networking

SocialShield, a service designed to help parents keep their kids safe while using online social networks, announced today that it has received $10 million in a first round of institutional financing from a conglomeration of sources including U.S. Venture Partners, Venrock and a group of angel investors.

Is it too late for a Digg comeback?

Social news aggregator site is trying to work its way out of the traffic hole it created with its botched redesign attempt. Today it announced the return of several popular features from its previous version.

Business social network Yammer gets upgrade, opens up to apps

Yammer, a social networking platform like Facebook for business professionals, announced that it is launching its expanded suite of social networking tools with third-party app integration for the business professionals of the world. The announcement came at TechCrunch Disrupt in San Francisco today.

Digg traffic down, but not out

A month ago, popular news aggregator Digg underwent a redesign that many describe as disastrous. Now, despite bad press, site bugs, and a traffic collapse, the company is trying to put a good face on its current state. It sent letters to publishers this week in an attempt to calm them during what many say is a drop in referral traffic.

Reddit ‘excited’ about chance to eat Digg’s lunch

For a long time now, Digg has been the king of technology news aggregation. Tech fans liked the way they could rate their favorite tech stories highly, and see links to those rise to the top of the site’s home page.

CollegeOnly just misses Scoop on college student social networks

The chances that two college-only social networks would launch in the same week seems pretty low. The chances that both networks would also be backed by big name investors seems even lower. But, that’s exactly what’s happened. Along with Scoop, a mobile app backed by Google CEO Eric Schmidt, CollegeOnly launched today backed by PayPal founder Peter Thiel (who’s also on the board of Facebook).

Got a question? Facebook now provides crowdsourced answers

Facebook is making its long-awaited debut in the red-hot questions and answers space today. It’s launching a new product to about 5 million users today that lets them publicly ask and answer questions.

Why the integration is bigger than you think

Facebook and partnered Tuesday in what could be one of the social network’s most important integrations yet. now offers a personalized page, where consumers can see product recommendations influenced by friends and their own tastes. They get notifications on when friend’s birthdays are coming up and suggestions on what to buy for them.

Facebook to write “new chapter” of its mobile strategy

Facebook is going to go beyond rolling out standalone applications for iPhones, Google Android devices or feature phones and start considering itself a platform for developers to distribute mobile apps with.

ReputationDefender raises $15M to champion privacy on the web

ReputationDefender, a Redwood City-based startup aiming to help people manage their privacy and reputation in a world where more is being published and shared than ever before, raised $15 million in a third round of funding led by JAFCO Ventures. Earlier investors Kleiner Perkins Caufield & Byers along with Bessemer Venture Partners tacked on more funding as well.

Can a “Head of Social” help Google fend off Facebook?

When Google was fresh off its $27 billion initial public offering almost six years ago, Facebook was but a college social network fueled by hormones and the occasional lascivious profile photo. It had just around 200,000 members and $500,000 in angel funding.