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News Byte

Braintree Officially Joins PayPal as $800 Million eBay Acquisition Closes

Jason Del Rey in Commerce on December 19, 2013 at 7:43 am PT

EBay’s $800 million purchase of payments startup Braintree on behalf of its Paypal subsidiary has closed, according to a PayPal blog post. The acquisition gives Paypal a strong foothold in the world of mobile app payments, which it hopes to bolster with the smaller acquisition of StackMob, announced earlier this week.

Lasso Promises to Deliver Wine and Cheese Within Two Hours for Free

Liz Gannes in Commerce on December 12, 2013 at 10:38 am PT

A new company called Lasso thinks it has found the perfect slice of the market to make same-day delivery work: Wine, spirits and specialty foods.

Voices

On Road to IPO, Shopify Raises $100M to “Bridge Clicks and Bricks”

Lora Kolodny, Reporter, The Wall Street Journal in Voices on December 12, 2013 at 7:15 am PT

The Canadian startup will use the funds to challenge juggernauts like Amazon and eBay in the arena of merchant software and services.

Twitter Dethrones Facebook as 2014’s Best Tech Company to Work For

Mike Isaac in Social on December 11, 2013 at 8:01 am PT

Spoiler: It’s the food.

Dough Boys: Here’s Benchmark’s $425 Million Fund Filing Document

Kara Swisher in News on December 7, 2013 at 7:19 am PT

Take the money and run!

Rhode Island School of Design President John Maeda Departs for Roles at Kleiner Perkins and eBay

Jason Del Rey and Mike Isaac in News on December 4, 2013 at 12:38 pm PT

Design fever in the Valley continues with a new addition to a familiar firm.

Grokker Gets $5.5 Million to Build Out Expert Video Network — Here’s Founder Lorna Borenstein (Video)

Kara Swisher in Media on December 2, 2013 at 2:48 pm PT

Trying to intro passions to the passionate.

Square Has Jumped on the E-Commerce Curation Bandwagon, Starring a Wacky Lumberjack Video

Jason Del Rey in Commerce on November 27, 2013 at 12:42 pm PT

If you’re an e-commerce marketplace and you don’t “curate” your goods into “collections,” do you really exist?

In Battle for E-Commerce Dollars, Free Shipping Is Payment Networks’ Weapon of Choice

Jason Del Rey in Commerce on November 26, 2013 at 10:51 am PT

Call it the Amazon Prime Effect.

Apple Store a Big Source of Cellphone Sales; Best Buy Is Key for Carriers

Ina Fried in Mobile on November 25, 2013 at 11:43 am PT

AT&T, Sprint, Verizon and T-Mobile still get half or more of sales from their own stores, but a couple of other retailers have emerged as significant players in the cellphone-selling business.