For those of us who are deep in the eCommerce world, there was some big news this week. eBay announced that it has sold off Magento to an investment group to operate independently. This week, we’re reading all about it, as well as some related strategic info.
The Big News
This article is from Forbes, but this was big business news. You’ll find similar ones elsewhere. It basically just dives into the specifics of the deal–this is the news.
eBay’s CRM Division
Magento wasn’t the only big division that eBay offloaded this week. They sold their CRM division to Zeta Interactive. This is another important move to know about.
What does Shopify have to do with the Magento spin-off? Well, this article isn’t really about Shopify. It’s about the success that Shopify and similar companies are experiencing as they provide the solutions to be the brick-and-mortar and eCommerce infrastructure for retailers. Guess which newly independent company is poised to compete in this market.