Twitter Teaming Up With Stripe for E-Commerce Initiative

By Yoree Koh and Greg Bensinger

REUTERS

TwitterTWTR +2.69% could become the Web’s next shopping mall.

The short-messaging service is edging towards allowing users to purchase goods directly through the site, according to a person familiar with the company’s plans. The San Francisco company is near to reaching a deal with hometown payments processor Stripe to help facilitate the e-commerce initiative, this person said.

The move would be its first major initiative since bringing former Ticketmaster CEO Nathan Hubbard on board as its new head of commerce in August. Hubbard is still building his team.

http://blogs.wsj.com/digits/2014/01/16/twitter-teaming-up-with-stripe-for-e-commerce-initiative/