Social Media News: May 31st

Angelo Fernandez | @angelobfs In this weekly blog post we recap the latest social media news, trends and headlines. Sometimes we'll throw in a few viral videos because after all, it is Friday.

WSJ to Launch a Social Network - The Wall Street Journal will soon launch a business-minded social network along the lines of LinkedIn.

Yahoo! Board Approves Tumblr Deal - Yahoo! board has unanimously approved a deal to purchase Tumblr for $1.1 billion. That may seem like a steep price given that it reportedly only booked $13 million in revenue last year.

Facebook Unveils Verified Pages - As we announced earlier this week, Facebook takes a page from Twitter's playbook to give high-profile accounts an added level of authenticity.

Facebook Verified Pages

CNN Launches CNN BuzzFeed - Powered by CNN’s current and archival video footage, BuzzFeed will create unique mash-up news videos tailored for the social web.

Social Media Services

Top 20 Entertaining Brands on YouTube from Social Media Delivered

Facebook's Verified Pages: You Have One New Notification