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.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”