Yahoo's Marissa Mayer makes her first acquisition
Yahoo has acquired its first startup: Stamped, a recommendations engine built by former Google colleagues of Yahoo CEO Marissa Mayer -- a team Mayer wanted to bring into the fold at Yahoo.
Stamped, which launched as a smartphone app last November, lets users recommend books, movies, restaurants, and other things to friends by giving them a virtual stamp of approval. It uses a Twitter-like social graph that lets users follow recommendations from both friends and celebrities, like chef Mario Batali.
The company had raised about $3 million from a range of investors including Bain Capital Ventures, Google Ventures, and singer … Read more