Andrew Ferenci is the 24 year old co-founder of Spinback, a social commerce platform for retailers. Now part of Buddy Media.

I like remote controlled toys, cars, and ski trips.

 

Twitter to Start Twacquisitions (or whatever)

Biz Stone seems to be on the hunt to add some value to the existing Twitter through more acquisitions:

This was pulled from reuters:  ”That is something we are definitely interested in,” Stone told a news conference in Tel Aviv. “We made an acquisition last year that turned out to be an outstandingly good decision.”

and some more…

“As our attention is grabbed by some of these developers, we will take a hard look at them,” Stone said.

Twitter bought search engine Summize in 2008 for about $15M. If you have ever searched on search.twitter.com, that was Summize’s business and proprietary technology.

Stone added that Twitter will start making money next year through non-traditional advertising. He doesn’t feel pressured to make money since Twitter has plenty of funding in the bank.