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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Zak Islam is a freelance writer focusing on security, networking, and general computing. His work also appears at Digital Trends and Tom's Guide.
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mayankleoboy1 Not sure why this is on tomshardware news.Reply
Its not even about Apple..... :sarcastic: -
XZaapryca Getting 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....Reply -
nameon 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....Reply
Hey dude relax, he was being sarcastic since many news articles as of late have been about apple..Jeez!!! -
alidan i wonder how much they were offered, and how long their contracts are for?Reply
i mean they cant really want to work for yahoo right? -
jhansonxi 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).Reply -
Kami3k 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....Reply
*whoosh* Hear that? That is something flying over your head. -
digiex So the trend now goes mobile, I should by a smart phone or something.Reply
Oh, I'm so primitive, I even don't know who the hell is aspiring venture capitalist Justin Bieber.