Growth

THE NEWS WRAP: Reddit apologises again for a “long history of mistakes”

StartupSmart /

Reddit has once again apologised to its online community in the wake of mass protests by moderators and users.

 

Reddit chief executive Ellen Pao said in a statement the company had made a “long history of mistakes”.

 

“I mean it when I say we screwed up, and we want to have a meaningful ongoing discussion,” she wrote.

 

“I know we’ve drifted out of touch with the community as we’ve grown and added more people, and we want to connect more. I and the team are committed to talking more often with the community, starting now.”

 

Late last week, hundreds of subreddits were made private in order to protest the dismissal of Reddit’s director of talent, Victoria Taylor.

 

Talent.io raises $US2.2 million to expand across Europe

 

Paris-based recruitment startup Talent.io has snapped up $2.95 million in funding in order to expand into other European cities, according to TechCrunch.

 

The company, which launched its public beta three months ago, allows software engineers to create an online profile and be head-hunted by technology firms looking for the right employee.

 

The startup makes money by taking a small share of the employee’s salary when they get snapped up, and so far around 150 people have been signing up to the platform every week.

 

One million Aussies use ad blocking technology

 

At least one million Australians are using ad blocking technology in order to avoid online advertising, according to Fairfax.

 

That figure – which equates to one in thirteen Aussies dodging online ads – is bad news for newspapers, which use advertising revenue on their websites to make up for advertisers turning away from print.

 

The most popular ad blocking software in Australia is Adblock Plus, a browser extension that has been downloaded more than 300 million times around the world.

 

Overnight

 

The Dow Jones Industrial Average is down 46.53 points, falling 0.26% overnight to 17,683.58. The Aussie dollar is currently trading at around 75 US cents.

 

Raising your first round of capital? Starting a crowdfunding campaign? Want to grow your business with Instagram? StartupSmart School can help.

 

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