Social Networking, Video Sharing | featured news

Last spring, the future for Viddy, a video-sharing Facebook app, seemed as sunny as southern California's skies. Based a block away from Venice Beach, the 30-person startup impressed prospective investors with skyrocketing user growth figures and won funding from them at a $370 million valuation. The tech press hailed it as the "Instagram for video," potentially ripe for a billion-dollar-plus buyout. Justin Bieber wanted to invest — and the pop star eventually did just that.

Start-up Posterous, best known for its simple blogging service via email, has revamped the company around a new product called Posterous Spaces, which is designed to help people easily privately share photos and videos with friends or family.

When your website first reaches a million visitors, it’s a great milestone. However, one billion views per day can only be attained by the selected few, and YouTube is now one of them.

YouTube and Disney are close to a deal to distribute video clips from ABC, ESPN and other Disney properties on the video-sharing site.