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eBay’s PayPal acquires mobile app developer StackMob
New York -- PayPal, a division of eBay Inc. has acquired mobile app developer StackMobile. Experts say the purchase could strengthen eBay and subsidiary PayPal in enabling consumers to pay with mobile devices.
Terms of the deal were not disclosed.
StackMob launched in 2010 and offers a platform and development environment that lets developers build applications for any mobile device
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RetailNext: Upcoming weekend will be a ‘monster’ for stores
New York -- The initially predicted “super weekend” (Dec. 21 and Dec. 22) will now become a “monster weekend” for brick-and-mortar stores, according to RetailNext, whose analysts predict a low single-digit uptick in traffic for brick-and-mortar stores, which will translate into an estimated 5% sales growth this weekend, resulting from improved conversion. The impact of last weekend’s snowstorm, coupled with the online shipping cutoffs, makes this weekend for brick-and-mortars even more substantial.