The acquisition was purely for talent: Stamped’s nine-person team — of which five are ex-Google employees — will be joining a large mobile product team Yahoo plans to establish in New York under the leadership of Stamped’s three co-founders, we’re told. Stamped’s iPhone and web app will both be discontinued by the end of the year.
It makes sense that the startup was on Mayer’s radar. Mayer worked closely with Stamped co-founder Robby Stein while the pair were working at Google.
First the new COO, now this new mobile team – it sure seems like Mayer is is fixing Yahoo by turning it into a mobile-first Google. Not a bad plan, if you ask me.