June 21, 2016, 1:05 PM

Top News

Kurt Wagner / Recode:
Twitter and Vine to support 140 second videos, will share revenue with influential Vine creators  —  Vine is expanding its video limit to 140-seconds.  —  There are a lot of places you can go on your phone to watch videos — Facebook, YouTube and Snapchat are a few popular options.
Jason Abbruzzese / Mashable:
Twitter's new Engage app makes it easier for celebs to handle their fans, by filtering out some interactions  —  A decent chunk of Twitter's early success came from its adoption by major celebrities as a way to speak directly to their fans — with the occasional chance for those fans to speak back.
Josh Constine / TechCrunch:
Instagram doubles monthly users to 500M in 2 years, with 300M checking daily, but the rate of growth for images shared per day is slowing  —  Photos transcend language barriers, leading Instagram to hit a major milestone today, Its growth is actually accelerating over time …
Wall Street Journal:
Tencent and its partners to pay $8.6B for a majority stake in Supercell, in a deal that values the Finnish game maker at $10.2B  —  Chinese internet major's deal to buy stake from Japan's SoftBank values Supercell at $10.2 billion  —  HONG KONG—Chinese internet giant Tencent Holdings Ltd …
Alexander Martin / Wall Street Journal:
SoftBank President Nikesh Arora to step down; some duties will be taken over by Ron Fisher, a current board member, and Baer Capital Partners founder Alok Sama  —  Former Google executive has been under pressure from investors  —  TOKYO—Under fire from investors, SoftBank Group Corp. President Nikesh Arora …
Sarah Perez / TechCrunch:
Tumblr launches live video support in partnership with YouTube, YouNow and others; 15 media partners committed to publishing videos, including MTV  —  Tumblr this morning announced support for live video on its service, confirming our report from yesterday that such a move was in the works.
Rob Levine / Billboard:
Taylor Swift among 180 artists and organizations signing petition for DMCA reform in ad spot, protesting “safe harbor”, upon which services like YouTube rely  —  For the last three months, the music industry has been fighting — or at least negotiating in public — with YouTube.

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