PayPal buys Stackmob (No, we don’t understand what they do either)

No primary category set

We received a breathless alert and news that PayPal bought a company called Stackmob just a few days ago. The note included a link to the Stackmob blog.

Here it is.

After a reasonable amount of reading and research we can quite categorically say:

1) We have no idea what Stackmob does and how it will complement PayPal. But we think they might make apps.

As Ty at Stackmob says: “It has been an exciting four years at StackMob. We’ve seen the Backend-As-A-Service industry grow from one company to over 40 companies and we have seen mobile technology change the way many companies build applications. Our goal at StackMob has always been to enable developers to build, deploy, and grow their mobile applications, and we’ve learned a lot from you – our customers. One challenge, however, remained constant over time: monetization and payments.”

2) That we don’t have any details of the deal like price etc that would be of interest.

What we do know is that they seem like a wacky bunch and they’re dead pleased by the acquisition. I wonder why? Cha-ching!

6 Responses

  1. Well, they achieved thier goal – monetisiation and payment! probably just a tech threat to paypal mobile payments, or some kind of kernel code breach by paypal.

  2. Not a moment too soon by the look of it – all those extra mouths to feed.

    And more on the way shortly judging by the couple a few from the right.

  3. Stackmob is one of the companies that write the code and databases that big applications with lots of users run on. An API is an applications programming interface. It’s a set of useful pre-written functions that an application can call rather than the developers of that application having to write the functions themselves. No point in re-inventing the wheel, in other words.

  4. they cant be ebay employees their all smiling, though the one with the dummy could have potential

  5. They provide a cloud platform to serve as the back-end for mobile applications.

    Mobile apps are often quite “thin” software and use servers sitting on the internet to provide a lot of their functionality. Stackmob provide a technology “stack” of useful services (data storage, user login etc) which developers can make use of in their apps rather than building it themselves.

  6. That is the “before” photo, the “after” photo looks like one of the final scenes from the film ‘Carrie’.

RELATED POSTS..

PayPal USD Stablecoin launched pegged to US$

PayPal USD Stablecoin launched pegged to US$

German Customers switch on to PayPal

German Customers switch on to PayPal

PayPal-Return-Shipping-on-Us-scrapped

PayPal Return Shipping on Us scrapped

Zettle-PayPal

PayPal Launches POS Solution for Small Businesses in the U.S.

Is-Crypto-on-your-radar-PayPal-lowers-rates-shutterstock_793240231

Is Crypto on your radar? PayPal lowers rates

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars