Intuit Confirms Purchase of Payvment After Shutting Down Its Commerce Platform

Payvment announced it was shutting down its Facebook commerce platform last night and handing over its customers to Ecwid, and today Intuit confirmed it is acquiring at least some of its employees. In a statement, the financial software provider said: “Intuit has acquired a team of highly skilled developers who will be of great value to the social teams at Intuit.” No other terms of the deal were disclosed. Meanwhile, Payvment’s social commerce platform and companion shopping site, Lish.com, will close as of March 1.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald