SocialMedia Networks serves ads in about 5,000 different applications on Facebook, MySpace, Bebo, and Hi5. It claims to be the Internet’s largest independent social media advertising network.

The new funding will go toward expanding the company’s Chicago, New York, and international sales teams.

SocialMedia Networks has been around since 2007.

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It’s the tip of the iceberg, with many more job cuts to come as startups try to prepare themselves for the storm ahead, and as others flounder and fail outright as the money runs out.

We wrote a post last week about focusing blog content in a storm, where the options were to go heavy on the bad news, cover some of it, or ignore it, and instead focus on providing positive news that offers an escape from the negative stories elsewhere.

Our motto is “the better mix” and part of that is offering some fun stuff in with the tech news of the day. The thing is, very soon the tech industry is going to be swamped by bad news stories (it has already begun), and tone wise that may reflect on our mix.

So we thought we’d ask you: do you want us to regularly cover startup job cuts?

I say regularly, because I can never rule out covering the occasional story, where we think it’s important enough to share. But likewise, we could spend half the day writing stories about job cuts very soon as well, and I’m not sure we should be doing that, even if writing about those will make the writing teams jobs a lot easier.

Voting widget below, and we’ll respect any way the vote goes.

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