Twitter Inc (NYSE:TWTR) has invested in a new program called the “Laboratory for Social Machines” at the Massachusetts Institute of Technology’s Media Lab. The program will build new tools that analyze and enable communication on social platforms, according to VentureBeat.
Chegg Inc (NYSE:CHGG) has acquired Internships.com for $10 million in cash and $1 million in stock. Internships.com is an internship marketplace that has 2 million registered students and 90,000 internships listed.
Rovio Entertainment is cutting around 16% of their workforce because it saw “faster growth than has materialized.” Rovio currently has around 800 employees. There are over 200 million people that play Angry Birds, but it is not as popular as it used to be. Rovio plans to release an Angry Birds movie featuring the voices of Jason Sudeikis, Bill Hader, Danny McBride and Maya Rudolph.
Stratos (formerly known as Protean Payment) has raised $5.8 million in funding. Stratos is currently building a solution to consolidate your credit cards, loyalty cards, and rewards cards. Based in Ann Arbor, Michigan, Stratos competes against services like Coin, Apple Pay, and Keyring.
GoPro Inc (NASDAQ:GPRO) stock has dropped after it said that the founding team will move over 5.8 million shares to a charity group. Supposedly this move is a way around the normal lock-up period that prevents insiders from selling shares in newly public companies for a set period. These rules prevent pump-and-dump schemes.
In July, it was revealed that Facebook Inc (NASDAQ:FB) experimented with the News Feed to show how users responded when being shown positive stories versus negative stories.
Felix “PewdiePie” Kjellberg is one of the most popular YouTube stars. He has around 30 million subscribers on his YouTube channel, which has explicit video game reviews. Felix generates around $4 million per year in ad sales. Based in Stockholm, Kjellberg is planning to leave Maker Studios in December to create a network of his own.
Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk has something else up his sleeve besides the upcoming Model X and Model 3. Here is a teaser that he tweeted out: