posted at 01:00
Author: Mark Sullivan
Wed, 30 Jul 2014 08:00:11 +0000
Walmart gently places pillow over Luvocracys face
Walmart Labs, the retail giant's technology-focused research-and-development division, is acquiring social shopping site Luvocracy for an unnamed sum, according to a blog post from yesterday. Luvocracy developed a social graph built on top of an e-commerce shopping engine. Bing Gordon, a partner at Kleiner Perkins joined Luvocracy board. The startup's 16 employees will now go to work for Walmart Labs. The startup's leadership team includes people who used to work at Google, Yahoo, Pinterest, and eBay. "We're excited to have this super-talented team bring their knowledge and experience to help us redefine the shopping experience of the future," Walmart Labs' Ben Galbraith wrote in the blog post. Serves customers and members more than 200 million times per week at over 9,700 retail units under 69 different banners in 28 countries. With fiscal year 2011 sales of $419 billion, Walmart employs 2.1... read more ».

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