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Recent Posts In Commerce
News Byte
Fab.com Ditches Google+ in Favor of Pinterest
Fab.com, the shopping Web site that raised $40 million late last year in a Series B round led by Andreessen Horowitz, has revamped its site to highlight more social features, including the ability to filter its live shopping feed by category, buy straight from the feed, and see what Facebook friends are buying. Fab has also removed its Google+ button in favor of a Pinterest pin. The company claims four million members in the 10 months since its launch.
PayPal to Unveil Newest Retail Partners for In-Store Payments Next Week
PayPal is hosting a media event next week where it will unveil the next batch of mega-retailers that are adopting the company’s online payment network at the register.
After Strong Quarter, Groupon Starts Looking Like a Deal Again
Even though Groupon continues to carry the warning that its financial processes are weak, a handful of analysts upgraded the company to a buy rating today, and investors sent the stock climbing.
News Byte
Online Retro Clothing Shop ModCloth Closes $25 Million in Funding
ModCloth, an online retailer focused on retro-looking woman’s apparel, has raised $25 million in funding. The round was led by Norwest Venture Partners, with Accel Partners also participating. The capital will help expand the site’s “Be the Buyer” program, which allows customers to vote on items they’d like to see produced. The San Francisco-based company, which was founded by high school sweethearts Eric Koger and Susan Gregg Koger, has 300 employees.Farms Begin to Wither as Strategy and Combat Drive Social Gaming
According to SuperData, strategy and combat games are starting to perform better than traditional farming games.
Pinterest Prompts a Start-Up’s Pivot: Meet Curalate, an Analytics Engine for Images
You’re a brand that has lots of stuff on Pinterest. How do you find it?
Here’s Yahoo’s Official Parting With Thompson Over ResuMess — No Severance, But Make-Whole Millions
And don’t let the door hit you on the way out.
News Byte
Kickstarter Bug Exposed Unreleased Projects, but Mostly to The Wall Street Journal
For the last three weeks, Kickstarter had a security hole that allowed viewing of unreleased project proposals — but no account or financial info — through its API. The Wall Street Journal, which discovered the problem, downloaded 77,000 projects and drafts from the site. But aside from that, Kickstarter said in a blog post, only 48 unlaunched projects were accessed while the bug was live, some of them by Kickstarter’s engineers working on its API.Yahoo’s Parting With Thompson Will Be for “Cause” (aka CSLie)
And not cancer, as unfortunate as the timing is for the ousted Yahoo CEO.
Exclusive: Yahoo’s Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion
The final shoe — shoe store, really — drops.
