TC Roundup: With CEO shakeup, Twitter under pressure to please advertisers

15 Jun, 2015

With CEO shakeup, Twitter under pressure to please advertisers: Twitter Inc's (TWTR.N) next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after last week's management shakeup - helping disaffected advertisers connect with users.

And many advertisers, analysts and investors say Twitter already has the right person for the job: not interim CEO Jack Dorsey but Adam Bain, the company's president and head of revenue, who has emerged as an early favorite. (Reuters)

Chinese Uber rival will raise funds at $15 billion valuation: Taxi applications backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are seeking to raise funds that value the company at $12 billion to $15 billion, people familiar with the matter said.

Xiaoju Kuaizhi Inc. is raising at least $1.5 billion to fend off Uber Technologies Inc. in China, the people said, asking not to be identified because they aren't authorized to speak about the matter. The funding is coming from new and old investors, with the valuation doubling since the competing Didi and Kuaidi apps combined in February, the people said. (Bloomberg)

Belgium takes Facebook to court over privacy, user tracking: Belgium's privacy watchdog on Monday said it is taking Facebook Inc. to court over its tracking system and its treatment of "non-users," escalating a dispute with the U.S.-based social media company over its privacy practices. (The Wall Street Journal)

Hillary Clinton takes social media cues from Obama: President Barack Obama changed campaign history by embracing social media in 2008. Now former Senator, Secretary of State, and First Lady Hilary Clinton has taken note and launched a full-court press of digital and social media for her own presidential effort.

In the time since her campaign formally cracked off, Clinton has taken to Twitter, of course, but also Snapchat, Spotify, Instagram, and now Periscope and even Genius. The decision by Clinton's campaign to strike so many tech anvils at once led to one particular journalist to jokingly refer to her as "the first teen POTUS." (Tech Crunch)