Dave Morgan Posts

Gay Social Network Fab.com Raises $8 Million

Fab.com is a social network for gay men that used to be known as Fabulis. Fab.com has raised $8 million in Series A funding.
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Simulmedia Raises $8M From Time Warner

Simulmedia has raised $8 million from Time Warner Investments. Other investors include Avalon Ventures and Union Square Ventures. Simulmedia has raised a total of $12 million.
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Twitter Drives 10% Of The New York Times Website Traffic

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Martin Nisenholtz, the SVP of Digital Operations at The New York Times Company was speaking at the OMMA Global conference in New York City. Nisenholtz revealed that Twitter drives 10% of The New York Times’ traffic. The New York Times Twitter account has 1.8 million followers thus far and the number is growing at a rapid pace. This is “up from 0 a year ago,” according to Nisenholtz.

The interesting part about the traffic that The New York Times is getting from Twitter is that the micro-blogging company is not getting any money out of it. Twitter doesn’t have a revenue model as of right now. But given how much major news agencies are relying on the micro-blogging service, the company could eventually take advantage of their situation. Dave Morgan of Simul Media revealed the quote from Nisenholtz as shown in the above screen shot.