THE NEWS WRAP: Twitter now deleting stolen jokes

In good news for those who are protective over a good pun, Twitter now seems to be taking action to remove plagiarised tweets.

As The Verge reports, a number of tweets have been deleted on copyright grounds for stealing freelance writer Olga Lexell’s joke, who says she filed a request with Twitter to have them removed.

The stolen tweets now simply read: “This tweet has been withheld in response to a report from the copyright holder.”

Ripping off bad jokes seems to mostly be the work of spam accounts or particularly lazy users, so this can only be good news for all the pun-lovers among us.

Flipboard raises $50 million

Social network news aggregation platform Flipboard has closed a $50 million funding round, thanks solely to JP Morgan.

According to TechCrunch, the valuation placed on this could be anywhere between $800 million and $1.32 billion.

Flipboard says the cash injection will be used to build out the product and team.

The startup has 72 million active monthly users, and now has some fierce competition from the newly launched Apple News.

Rhapsody and Napster have over 3 million subscribers

Online music streaming service Rhapsody, the parent of Napster, now has more than three million subscribers, up from two million a year ago.

“It’s the fastest-growing year we’ve ever had as a company, increasing our subscriber base by 50%,” Napster general manager Thorsten Schliesche told Music Ally.

The stats offer an interesting insight into the usage of musical streaming services, with mobile use up 60%, and offline listening up nearly 40%.

Overnight

The Dow Jones Industrial Average is down 163.39, falling 0.92% overnight to 17,568.53. The Australian dollar is currently trading at US73 cents.

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