Twitter Acquires Mobile Retargeting Firm TapCommerce

By

In news that certainly garners more than 140 characters, Twitter announced last week that it has acquired mobile retargeting company TapCommerce. According to analysis at Zacks.com, the social media giant paid more than $100 million in the deal, potentially enhancing its ability to reach customers with specific ads that target mobile users.

The concept of advertisement retargeting is not entirely new, as there are both startups and established enterprises that capitalize on the concept. The basic idea behind retargeting is that companies can offer incentives and special deals to consumers through the use of targeted ads. After companies, for instance, recognize that consumers have left their online shopping carts without making a purchase, or browsed websites without placing an order, they can sweeten the deal on items in which those potential customers were interested.

These types of ads have proven extremely successful in desktop environments, and Twitter has experimented with mobile retargeting since at least this past December.

Zacks.com points out that Twitter recently launched its official mobile ad program called mobile-app install ads. This program allows advertisers to reach mobile users based on demographics such as age, location, and gender, and it is possible that the acquisition of TapCommerce could strengthen this program as a whole.

Mobile users drive a bulk of Twitter's revenue. As TMC reported in December, approximately 70 percent of Twitter's ad revenue comes from mobile users, and an updated report shows that 78 percent of users are accessing the social media service from mobile devices. Those numbers underscore how important it is for mobile ad retargeting to do well.

Reports show that competitor Facebook has done well with the service, so there is hope for Twitter to continue that trend overall. Twitter's user base is also climbing, however, there is some speculation about when or if Twitter will begin to profit from that base. Ad revenue is the only way forward at this point, and for that, TapCommerce may prove itself invaluable.


Edited by Adam Brandt
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Contributing Writer

SHARE THIS ARTICLE
Related Articles

ChatGPT Isn't Really AI: Here's Why

By: Contributing Writer    4/17/2024

ChatGPT is the biggest talking point in the world of AI, but is it actually artificial intelligence? Click here to find out the truth behind ChatGPT.

Read More

Revolutionizing Home Energy Management: The Partnership of Hub Controls and Four Square/TRE

By: Reece Loftus    4/16/2024

Through a recently announced partnership with manufacturer Four Square/TRE, Hub Controls is set to redefine the landscape of home energy management in…

Read More

4 Benefits of Time Tracking Software for Small Businesses

By: Contributing Writer    4/16/2024

Time tracking is invaluable for every business's success. It ensures teams and time are well managed. While you can do manual time tracking, it's time…

Read More

How the Terraform Registry Helps DevOps Teams Increase Efficiency

By: Contributing Writer    4/16/2024

A key component to HashiCorp's Terraform infrastructure-as-code (IaC) ecosystem, the Terraform Registry made it to the news in late 2023 when changes …

Read More

Nightmares, No More: New CanineAlert Device for Service Dogs Helps Reduce PTSD for Owners, Particularly Veterans

By: Alex Passett    4/11/2024

Canine Companions, a nonprofit organization that transforms the lives of veterans (and others) suffering PTSD with vigilant service dogs, has debuted …

Read More