Groupon buys social commerce firm Mertado

Groupon has bought US-based social shopping company Mertado for an undisclosed sum. The move marks Groupon’s second start-up purchase in the social commerce space over the past month. Mertado helps consumers discover new products though social networks, including...

New Lego social network lets fans show off creations

Toy-maker Lego has launched a new social network called ReBrick, aimed at fans looking to showcase their work and swap ideas. ReBrick is currently in an open Beta and serves as a hub for various existing fan-made Lego sites (such as MOCPages, Brickshelf and Brothers...

Twitter snaps up social news startup Summify

Twitter has bought social news application Summify, for an undisclosed sum. The Summify app manages news stories from different social feeds from the likes of Twitter and Facebook to collate them in one place for the user. Formed in Romania, Summify moved to Vancouver...

Play.com mulls ‘payment on delivery’ option

Online retailer Play.com is considering the introduction of a payment-on-delivery offer for its customers, according to a news report. Retail Week reports that the service is commonplace in Japan, and the site’s new Japanese owners Rakuten are keen to make Play.com...

Skype sale helps eBay enjoy bumper Christmas

eBay posted strong revenue and earnings gains this week, as its online sales rose 10% in the crucial holiday season. The online marketplace said its revenue rose 35% to $3.38bn from $2.5bn a year earlier, while profits more than tripled to $1.98bn from $559m a year...

Consumer online spend in January up 24% on previous year

Figures from PayPoint.net published today show that retailers are experiencing a softer post-Christmas landing than last year, after a busy festive period. The online payments provider recorded significantly higher levels of both consumer spend and transaction volumes...

ASOS boosted by international sales

UK online fashion retailer ASOS has assuaged fears of a slowdown, posting a 46% third quarter year-on-year jump in sales, boosted by sales overseas. The increase was mainly driven by international sales, up 93% in the final three months of 2011, while the 10 per cent...

Brits ‘biggest online spenders in Europe during 2011’

British consumers spent more online last year than any other country in Europe, according to new research. The data, from the Centre for Retail Research (CRR), found UK online sales topped £50bn in 2011, up 11% year-on-year, and accounted for almost a third of online...

Yahoo! co-founder Jerry Yang quits company after 18 years

Yahoo co-founder Jerry Yang has quit the company he founded almost two decades ago, raising hopes that the former internet darling may be sold or split up. Yang formed Yahoo with David Filo in Silicon Valley in 1995 and served as chief executive between June 2007 and...