Amazon Takes Equity Stake In DIY Shopping Site The Talk Market
By David Kaplan - Mon 09 Jun 2008 07:16 AM PST
Amazon (NSDQ: AMZN) has taken an unspecified equity stake in user-gen shopping channel The Talk Market. Amazon is also handling the site’s payment system. Talk Market sellers upload presentations, and then offers to spruce up their videos with graphics and a soundtrack. Customers program their own personalized shopping channel and click on videos to make their buy. The company was started by Matt Singer, who made a career of selling CDs on QVC from 2000 to 2007, and Amanda Eilian, VP, Washington DC-based Capitol Acquisition Corp. Release
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