Yahoo's arissa Mayer announced via Twitter Thursday that the company has acquired the start-up Stamped.
Mayer tweeted: "Got to visit our new acquisition, Stamped, this morning—happy to be reunited with Robby (rmstein) and his team!"
Stamped is the first acquisition that Mayer has made as CEO. The small company is only a year-and-a-half-old and is built around the idea of sharing users' favorite things, like music, movies and books. The terms of the deal were not disclosed.
Two of the three founders are also former Googlers . Robby Stein, the CEO and co-founder, and Bart Stein, the co-founder and head of marketing and partnerships both have worked for the search giant. Kevin Palms is the third co-founder and worked at a hedge fund in New York City before starting Stamped.
The start-up posted on its website Thursday though that it would be discontinuing its product by the end of the year and would be launching a new product for Yahoo, but did not reveal what the product would be.
"As for our team's next step, we couldn't be more thrilled to join Yahoo!. As a team of mostly former Googlers, we've all worked with and are big fans of Marissa. So when an opportunity arose to become a part of the team at Yahoo!, we jumped," the founders of Stamped posted on the company website.
Facebook Chief Operating Officer, Sheryl Sandberg, paid an emotional tribute to her husband, four days after he died in an accident.
The Facebook and IBM partnership will combine data from the two technology firms to create personalized ads, the NYT reports.
When Apple introduces its new TV box this summer, the remote control will gain a touch pad and also be slightly thicker.
Apple is expected to unveil its TV plans next month, including a redesigned remote control and a plan to entice cord-cutters.
Get the best of CNBC in your inbox
Billy Corgan says musicians are still heavily exploited, which will cause the restructuring of the music industry.
Investors are being picky with social media stocks given recent earnings releases.
LinkedIn's disappointing guidance is tied to growing pains and won't prevent long-term growth, UBS' Eric Sheridan says.