“…S5 0716+714 has also been detected by γ-ray instruments such as the Compton EGRET, AGILE, Fermi-LAT satellites and also by the MAGIC Cherenkov telescope (see, e.g., [11][12][13][14] and references therein). In particular, there have been numerous optical microvariability studies of S5 0716+714 which reported many interesting results, including achromatic behavior, red noise-type power spectra, and in some cases, correlation between flux and polarization degree [15][16][17][18]. In this proceeding, we present the summary of our optical microvariability studies on S5 0716+714, over the past few years, based on multifrequency photo-polarimetric Whole Earth Blazar Telescope (WEBT) [18,19] observation campaigns in 2009 and 2014 (the data collected by the WEBT Collaboration are stored in the WEBT archive; for questions regarding their availability, please contact the WEBT President Massimo Villata: villata@oato.inaf.it).…”