The move isn’t an earth-shattering one, but it falls right into line with the strategy Mayer aims to adopt – that is, making smaller-scale acquisitions and focusing on investments that grow mobile.
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Stamped was founded a year-and-a-half ago as a review-based mobile app that gave users the chance to share their favorite books, food, music, and other interests with friends, who then could return their own recommendations. It was started by a team that includes a number of ex-Googlers and will now join a new Yahoo! product and engineering office.
While the Stamped app will now be shut down by year’s end, the founders and newest Yahoo! employees are excited about the deal and the opportunities it affords.
“We’re excited to start work again on something big, mobile, and new — but we can’t discuss the details just yet. And we’re really stoked to be able to hire lots of talented engineers and designers for this new project,” the team said in a comment posted on its website.
Yahoo! is also sure to be pleased with the acquisition that brings in fresh engineering talent and the potential for all-important mobile advancements.
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