Every day, millions of people around the world spend countless hours socializing with friends and connecting with their favorite brands on Facebook. With more than 1.28 billion monthly active users, it’s the world’s most vibrant and engaging social media website. As a result, it is equally attractive for entrepreneurs and brands around the world that are looking to find different ways of connecting with their target audiences. Similarly, “solopreneurs,” freelancers, and creative professionals have also found Facebook very effective in helping them expand their fan bases and sell more products.
Social selling service Soldsie successfully sold its prospects to investors, closing a $4 million series-A financing round this week, led by First Round Capital, which brought its total financing to $5.6 million.
Facebook made some announcements about its Autofill with Facebook mobile payments feature at its F8 global developer conference in San Francisco Wednesday, making the feature available to Facebook commerce provider Ecwid, as well as testing an extension of Autofill with Facebook with test partner JackThreads, TechCrunch reported.
Former Bebo Vice President of Engineering and current PhotoSugar CEO Darius Contractor joined FWD.us, the political advocacy group established by Facebook Co-Founder and CEO Mark Zuckerberg, as chief technology officer, TechCrunch reported.
The first Instagram ad debuted Friday, from fashion brand Michael Kors, CNET reported, and if the comments in the screenshot above are any indication, users of the Facebook-owned photo-sharing network are not happy, despite the fact that Instagram announced the addition of advertising to its feed in early October, and previewed what the ads would look like last week.
Earlier this month, Instagram announced that it would begin introducing advertising into its feed, and Thursday, the Facebook-owned photo-sharing network offered examples of what the ads — which have yet to launch — will look like.
The mobile payments product test Facebook confirmed last month is going live on a small scale Monday night, with pilot partner men’s apparel site JackThreads joined by photo-book provider Mosaic on the shopping application side and by payment processors PayPal, Stripe, and Braintree.
Move over, PayPal: Facebook confirmed a report by AllThingsD that it will test a new payments product that will allow Facebook credentials to be used by users completing transactions on mobile applications.
Former Facebook Director of Engineering Ari Steinberg, who headed the social network’s Seattle office, left the company last October, saying that he planned to launch a travel startup. That travel startup is Vamo, which raised $1.6 million in capital, according to TechCrunch.