eBay has acquired Magento, a company that makes a PHP-based online shopping cart, and announced the creation of X.Commerce, and open source platform group that Magento will be merged into. The intent is for eBay to provide a cloud-based retail service that will help merchants create online stores that are more customizable and offer many more options than the current “stores” within eBay. The company is also creating an online app store where developers are invited to submit apps for merchants to use. READ MORE
