Smartphones Driving Force Behind Online Shopping Surge

Apple iPhone 3GS, Motorola Milestone and LG GW60

Apple iPhone 3GS, Motorola Milestone and LG GW60 (Photo credit: Wikipedia)

The emergence of smartphones as the preferred mobile device of millions of people all around the world has changed not just the way we communicate and handle the various tasks of daily living. It has also changed the way we view commerce.

The increased power and features of smartphones mean a more reliable and stable connection to the internet and this is driving smartphone owners to use it as a device for buying stuff. According to research more than half of consumers use smartphones and of these 70 percent have said that they use their phones to buy online. This was most apparent during the recent holiday season where record numbers of shoppers have used online stores to do their holiday shopping and they used their smartphones to do it and not a laptop or desktop computer. [Read more…]

Foursquare Gets Huge Buyout Offer After Passing 5 Million User Mark

Foursquare Mobile Screenshot

Foursquare Mobile ScreenshotFoursquare on Wednesday passed 5 million users and with that milestone an unknown company has offered to buy the location based service for $140 million.

It wasn’t until April 2010 that Foursquare passed the 1 million user mark, which means in just 8 months they have managed to increase their user base by 5x.

The company also has the advantage of a large lead over their closest competitor Gowalla. Their large lead even led to Gowalla last week adding Facebook integration to their own application.

Foursquare spoke with USA Today and stated that:

“Though there are over 5 million user IDs in the foursquare community, our user IDs don’t necessarily match up to our actual number of user accounts. That said, we do expect to hit 5 million next week.” [Read more…]