Acquiring

Twitter Purchases Tap Commerce for $100M

Monetizing a social media platform is not easy to do, but Twitter is committed to doing it.  The company has confirmed the purchase of TapCommerce, and though the Twitter did not confirm the amount in its blog post about the acquisition, sources close to the deal report the purchase price was around $100 million, according to The Wall Street Journal.  The small start-up specializes in targeting consumers who download apps in an attempt to keep them coming back for more.

The importance of return users is especially important for mobile retailers who sell goods and services through their apps. It is also particularly a priority in an environment where smart phone owners download lots of apps, but only actually use a precious few.

The deal comes as part of an official roll out by Twitter to move mobile-app install ads out into the wider platform community.  During the testing phases over the last few months, Twitter enthusiasts began seeing ads that guided them to download apps from either the Google Play or Apple store.

If successful, the targeted mobile app arena might be a significant profit center for Twitter. Facebook has made extensive use of mobile-app install ads, and has seen  the business make up 59 percent of its total revenue in Q1 2014, up 30 percent from the same time in 2013.  Twitter has seen its ad revenue double during Q1 to quarter to $250.5 million, but the company still has not turned a profit.

 

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

 

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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