retail news in context, analysis with attitude

In the UK, the Telegraph reports that "Twitter is planning to allow its 232 million users to buy products directly from the site, as part of a new online retail venture called Twitter Commerce … the transactional service is a partnership with a US e-commerce site called Fancy, which counts Twitter founder Jack Dorsey as an investor and board member."

The story notes that "Twitter’s push into e-commerce … builds on last year’s 'pay by tweet' experiments in partnership with American Express."

At the same time, Bloomberg reports that Twitter Inc. has hired Nathan Hubbard, formerly the president of Ticketmaster, as the company's head of commerce, a new position. The goal of the hiring, the story says, is to enable Twitter "to enable shopping via short postings on its social website … Hubbard said he will look to team up with merchants and providers of payment services rather than compete with those companies, and may take a percentage of any transactions on its site."
KC's View:
In just the past few weeks, we've had stories about how companies like Google and eBay are ramping up their retailing operations, and how Amazon is looking to develop systems that will help bricks-and-mortar retailers process payments. So it should not come as any surprise that any internet or social media site is looking to get into the business of selling, since such efforts - when successful - will both generate revenue and even increase their market price.