As Facebook slowly rolls out its updated News Feed design [1], featuring content-sorted feeds dedicated to photos and music, a popular social networking alternative has emerged, ABC News reports. Pheed, a small start-up out of Los Angeles, is not only capitalizing on dedicated photo and audio streams, but it also offers feeds for text, video and live broadcasts, not to mention an in-your-face homepage … tattooed hands interlaced behind a young man’s head boldly announce this is not your grandma’s social network. In February, Pheed became the No. 1 free social networking app in Apple’s App Store, ruling the charts ahead of competitors like Twitter and Facebook for more than a week. The audience driving Pheed’s spike in downloads? Young adults in their late teens, a demographic often said to be losing interest in Facebook [2]. Eighty-four percent of Pheed’s users are ranking in at between the ages of 15 and 24. Pheed’s self-funded website and iOS app launched in late 2012, claiming a few notable celebrities as early adopters…