What's going on with Twitter? Amid rumours of the company seeking and failing to find a buyer, stock has plummeted hard. Now it's been revealed that Weibo – a Chinese Twitter clone launched in 2009 – is actually worth more than Twitter itself. It's often said that despite 300m monthly active users, Twitter has an identity crisis. CEO Jack Dorsey recently announced something of a mission statement, calling Twitter, the 'people's news network'. The platform has always leaned toward the media side of social media, but will this direction improve Twitter's fortunes? Time will tell, but for the moment let's think things over with another issue of Sociable Folktales.

• Further investment in Live.
• Friend loan reminders.
• Events to become a separate app.
• UK tax contribution increases.
• Live-streaming coming to TV.
• Snapchat stories clone tested in Australia.

• Twitter
• Shares plunge by a fifth.
• New ad campaign hits New York. 
• Weibo worth more than Twitter.
• Instagram
• Stories hailed a success.

• Periscope introduces new way to discover live video.
• New Producer feature for Periscope.
• Google acquires first influencer network.
• LinkedIn launches new features.
• Pinterest hits over 150m monthly users.

• Oculus's stand-alone VR headset.
• Giphy Cam arrives on Android.
• Amazon's music streaming arrives.
• Apple redesigning