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New Yahoo CEO Acquires Justin Bieber-funded Stamped

By - Source: Yahoo | B 12 comments

Stamped app, which has been backed by a range of investors, has subsequently been discontinued.

New Yahoo CEO Marissa Mayer has acquired her first startup for the Internet firm in the form of Stamped, a recommendations engine built by former Google colleagues.

Stamped, a smartphone app that launched last November, enables users to recommend books, movies, restaurants, among others to friends through giving them a virtual stamp of approval. The technology utilizes a social graph which allows you to follow recommendations stemming from friends and celebrities.

According to Crunchbase, Stamped raised around $3 million from investors, including aspiring venture capitalist Justin Bieber, Bain Capital Ventures and Google Ventures.


The predominant reason Mayer acquired Stamped is said to be only for its talent, which consists of nine former Google employees. The Stamped app will be discontinued, confirmed Yahoo.

"Robby, Kevin, Paul, Bart, and the entire Stamped team are a natural fit for us," Adam Cahan, Yahoo's senior vice president of emerging products and technology said. "Their experience building fun, useful, personalized mobile products aligns well with Yahoo's vision to create the best everyday mobile experience for our users. They will be a great asset as we expand Yahoo's mobile efforts and build a world-class mobile development organization."

 

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  • 20 Hide
    mayankleoboy1 , October 28, 2012 11:39 AM
    Not sure why this is on tomshardware news.
    Its not even about Apple..... :sarcastic: 
  • 11 Hide
    nameon , October 28, 2012 1:03 PM
    XZaaprycaGetting pretty tired of these whiners who complain about an article being on Tom's. Hey, guess what. If you don't like an article, no one cares. A mobile app company founded by former Google employees is bought by Yahoo? Sounds like a high tech, IT type article to me. Want only strictly technical articles? How about some white papers? Jesus....


    Hey dude relax, he was being sarcastic since many news articles as of late have been about apple..Jeez!!!
Other Comments
  • 20 Hide
    mayankleoboy1 , October 28, 2012 11:39 AM
    Not sure why this is on tomshardware news.
    Its not even about Apple..... :sarcastic: 
  • 11 Hide
    nameon , October 28, 2012 1:03 PM
    XZaaprycaGetting pretty tired of these whiners who complain about an article being on Tom's. Hey, guess what. If you don't like an article, no one cares. A mobile app company founded by former Google employees is bought by Yahoo? Sounds like a high tech, IT type article to me. Want only strictly technical articles? How about some white papers? Jesus....


    Hey dude relax, he was being sarcastic since many news articles as of late have been about apple..Jeez!!!
  • 8 Hide
    madooo12 , October 28, 2012 1:15 PM
    I thought it was some stupid music app by bieber, I was happy to be wrong
  • 0 Hide
    alidan , October 28, 2012 2:31 PM
    i wonder how much they were offered, and how long their contracts are for?

    i mean they cant really want to work for yahoo right?
  • 1 Hide
    reprotected , October 28, 2012 4:22 PM
    I think we need more Apple articles.
  • 0 Hide
    jhansonxi , October 28, 2012 5:16 PM
    Everyone was afraid that Yahoo! was going to be a mini-M$ during the failed acquisition attempt years ago. Now it's looking more like a mini-Google. I'm not sure that's an improvement (not that a mini-Apple would be better).
  • 1 Hide
    Kami3k , October 28, 2012 6:12 PM
    XZaaprycaGetting pretty tired of these whiners who complain about an article being on Tom's. Hey, guess what. If you don't like an article, no one cares. A mobile app company founded by former Google employees is bought by Yahoo? Sounds like a high tech, IT type article to me. Want only strictly technical articles? How about some white papers? Jesus....


    *whoosh* Hear that? That is something flying over your head.
  • 0 Hide
    abbadon_34 , October 28, 2012 7:41 PM
    oh no it's that evil Bain Capital...and that evil Justin Bieber?
  • 0 Hide
    digiex , October 28, 2012 11:47 PM
    So the trend now goes mobile, I should by a smart phone or something.

    Oh, I'm so primitive, I even don't know who the hell is aspiring venture capitalist Justin Bieber.
  • 0 Hide
    cookoy , October 29, 2012 12:02 AM
    Catchy tabloid-like title. Sure piqued my interest in what the news was all about. Hope those guys will help Yahoo to become relevant again.
  • 0 Hide
    cats_Paw , October 29, 2012 1:10 PM
    Toms hardware is looking more like Toms Economics latly...