Peter Kafka

Recent Posts by Peter Kafka

EBay Buys Magento to Boost Small Business E-Commerce Services

EBay has purchased Magento, a “software as service” company that helps small retailers run their online shops. EBay won’t disclose terms, but says the deal won’t be material, and that it had already purchased a minority stake in the company last year as part of a $22.5 million funding round. Magento will get folded into X.Commerce, eBay’s new “integrated open commerce platform group,” which is targeting small retailers that might otherwise be working with Amazon.


Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work