Walmart acquires OneRiot, search-startup-turned-ad-network
OneRiot, a startup that began in the real-time search space and morphed into an advertising network, has just been acquired by Walmart.
The deal was closed within 30 days of the Walmart team’s meeting the OneRiot folks.
“The OneRiot team will now be joining WalmartLabs, Walmart’s hub for the creation of new technologies and business models integrating social, mobile and retail for the next-generation of e-commerce,” OneRiot CEO Tobias Peggs wrote to VentureBeat in an … Continue Reading
Real-time search: How a whole ecosystem bit the dust
Yet another real-time search engine has called it a day, causing many to ponder how a white-hot industry fizzled so entirely in just two years.
Last week, startup Wowd announced its team was “moving on.” Many read this announcement as one of the darker stories of the entrepreneurial world: the kind of failure that entails giving investors their money back, open-sourcing the code and returning to corporate life.
In this case, however, this young company … Continue Reading
