Ello

Ello Now Has a Booming Finance Community

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Early last month, finance reporter Joseph Weisenthal was poached from Business Insider by Bloomberg to build an entirely fresh news property and host an upcoming show on Bloomberg TV. Between jobs, he was without a place to publish, which we imagine was borderline torture for someone with a world-eating appetite for news.

So on November 6, when he had something to say about an earnings announcement from King Digital, he put it out to the world in a place where no finance wonk had ever stepped foot: Ello.

It was a moment of fascination, humor and utter confusion for Media Twitter that morning, but that post, and the many that followed, became the catalyst that pulled in attention from the finance community and bloggers—an anachronistic crowd, given that Ello was built mostly as a virtual gallery space for visual designers. Finance Ello was born.

As a Nieman Lab report this morning pointed out: Read More

Your Colleagues In the News

Product Hunt’s Success Begs the Question: What Is Tech News Even For?

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Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.

The deal: Product Hunt, a site that where users can upvote new products every day, raised $6 million from Andreessen Horowitz at a $22 million valuation.

For as long as there’s been an Internet, self-proclaimed new media evangelists and armchair philosophers have been saying that online media was going to kill off the need for us “real” journalists. But even as dwindling ad revenue wreaks havoc on the news biz, here we are, still occasionally pulling in a salary — though every once in a while, some new service shows up to keep us journos in check. Read More

New Media

‘Mic’ Drop: PolicyMic Changes Its Name, Revamps Layout

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Millennials are often accused of being irresponsible and non-committal. We can’t commit to a relationship, a mortgage or a job for more than a year. How appropriate then, that a news site meant for millennials can’t commit to a name.

PolicyMic has changed its name to Mic (Stylized “.Mic”). “Policy.Mic” is now just a section, like Arts.Mic or World.Mic. Distancing themselves from using the word “Policy” in their masthead is meant to chase broader appeal. Read More

New Media

PolicyMic Raises $10 Million To Keep Chasing The Millennial News Audience

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In the competitive and brutal world of new media journalism startups, players come and players go — but one contender just got a boost to keep them in the ring. PolicyMic has raised a $10 million Series A funding round after their audience grew 550 percent in 2013.

PolicyMic wasn’t going to go looking for more funding until next year, PolicyMic CEO and cofounder Christopher Altchek told Betabeat, but as the audience came rushing in, PolicyMic wanted to start hiring additional staff, and needed the extra cash. The investment round was lead by Jim Clark, who cofounded Netscape and has previously invested in Facebook, Twitter, and Apple. Read More

Americana

Business Insider Might Not Make a Mint, But Henry Blodget Is a Hell of a Hype Man

YO. (Photo: TechCrunch )

File this one under ‘second acts in American lives': This week, Business Insider honcho Henry Blodget gets the New Yorker treatment (subscription only, you cheap bastards), with a profile by none other than the bold-faced Ken Auletta. Sure, he’s still banned for life from the securities business (for now!), but being written up by Mr. Auletta ain’t too bad as a life consolation prize. Read More

App for That

Ben Huh’s News Startup Circa Aims to Change the Way Users Consume Mobile News

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In recent months, LOLcat emperor and  Bravo TV star Ben Huh has systematically leaked handfuls of details about his news startup, Circa, to the press. Back in April, Circa raised $750,000 from a slew of investors (many of whom were named David). In May, Nieman Lab caught up with Mr. Huh at ROFLCON, where he provided buzzword-laden answers and metaphors involving newspapers and teenagers to their questions about the startup. But today, Mr. Huh’s efforts have finally solidified into a cohesive company: Circa is an iPhone app that wants to change the way readers consume news.

Circa isn’t just a news aggregator. It employs teams of editors who curate and synthesize news stories into digestible bites, optimized for reading on mobile devices. The point is to write stories that are designed exclusively for mobile, instead of repackaging stories released on other platforms and trying to fit them into a mobile setting. Read More

Planet Reddit

Covering Theater Shooting in Colorado, Reddit Becomes a High Speed Newswire

Aurora Massacre suspect James Holmes on CNN

Shortly after a black-clad psycho opened fire in an Aurora, Colorado midnight showing of The Dark Knight Rises on Thursday night, killing at least 12 and injuring 50, Reddit users began racing to compile as much information on the tragedy as possible. In the process, the link aggregation giant became a real-time feed of raw data, much of the information accurate, some of it not, all of it published for a fully-engaged and active audience well in advance of any national news outlet. The Future Journalism Project on Tumblr defined it correctly as crowd-sourcing the reportage and noted some of the most organized efforts by Redditors: sequential, linked threads in the /r/news subreddit: Read More