PARK CITY, Utah--(BUSINESS WIRE)--XYDO today announced the public launch of its new social network, focused on the social endorsement, prioritization and engagement of news. XYDO provides users with a prioritized view of articles/features, editorials, blogs and other news being shared within their social graphs, together with the ability to observe and track broad global news trends and specialized domain-specific trends.
“XYDO taps into a fundamental aspect of human meaning–the need to personalize, engage, and share information and perspectives that resonate most deeply with us,” said Eric Roach, co-founder and CEO of XYDO. “The number of users that have joined the private beta over the last couple months and their level of engagement has far exceeded our expectations.”
XYDO gathers news from tens of thousands of online sources, matches them with what XYDO contributors are sharing and talking about on other networks such as Facebook and Twitter, and displays the results based on your interests and social graphs. XYDO currently processes more than 1.1M Twitter and Facebook user feeds in real time, and is on a trajectory for rapid growth.
“If existing social news sites are Web 2.0, XYDO is clearly 3.0 and beyond,” said Jeffrey Bates, co-founder of Slashdot.org, one of the web’s original and most respected social news sites.
XYDO operates at the intersection of two tectonic societal shifts: online news and social media. According to a 2011 Pew Research Center study, more people now get their news via the web than through any other source, a trend that is widely expected to continue.
“XYDO is on the forefront of a major wave towards true personalization of the news that matters most to the people who consume and share it,” said social networking author Jesse Stay. “Equipped with a powerful idea and great leadership, XYDO is poised to fill a major vacuum in the online social news space–and ultimately to change the way we discover, consume, and engage with news.”
XYDO’s founders have significant experience building products and companies that have helped drive the web revolution. Co-founder and CEO Eric Roach founded Lombard Brokerage, which pioneered stock trading on the internet and was acquired by Morgan Stanley. Later in his career, Eric was recruited by legendary Valley investors John Doerr of Kliener Perkins and Ram Shriram of Sherpalo Ventures to serve as CEO of Elance.com.
Co-founder Cameron Brain founded and led Open Box Technologies, which developed a SaaS platform for business to store, manage, and publish video to the web and mobile devices. Cameron holds three U.S. patents for innovations in the delivery and display of video on mobile devices.
For more information about XYDO, visit www.xydo.com.
XYDO is a new social network, focused on the social endorsement, prioritization and engagement of news. XYDO provides users with a prioritized view of articles/features, editorials, blogs and other news being shared within their social graphs, together with the ability to observe and track broad global news trends and specialized domain-specific trends. Founded by influential leaders, XYDO is changing the way people discover, consume, and engage with news.