Visiting Dignitaries

Justin Bieber’s Latest Investment Is a Social Network for #Teens

"Yo sweet pitch deck, dawg." (Photo by Nicky Loh/Getty Images)

Sure, Katy Perry just passed Justin Bieber as the most popular person on Twitter. But that doesn’t mean the diminutive Canadian heartthrob is losing his taste for the digital rat-race.

Fortune reports that he’s just made a new seed investment, his first in a social network. The Biebs is pumping some of his endless cash into Shots of Me, a new teen-targeted social network due to launch later this week. VC Shervin Pishevar and boxer Floyd Mayweather have also invested. Read More

shameless rumormongering

Rumor Roundup: Tumblr’s Spooktacular Halloween Party and Techies Flee to the Emerald Isle

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Tumblr Goes Hard Taking a break from reblogging, faving and figuring out when their shares are going to vest, Tumblr employees threw themselves a cute little Halloween party. We spotted them sharing some photos on rival social network Twitter, but it looked like they were having a good time. The sales team dressed up as the cast of Spring Breakers, Betaworks’ golden child Poncho was spotted in the crowd and some jokester decided to be a Yahoo! employee. That forced smile and suit looks rigid enough to fit in the corporate world, so well done. Read More