eBay aquires Magento
In 2010 eBay became the first outside investor in Magento. On June 6th it was confirmed that ebay will now acquire Magento. Ebay have announced a new 'Open Commerce' platform named X.Commerce.
What does this mean for the future of Magento? Can both Magento and X.Commerce co-exist? My only concern is that open commerce does not necessarily mean open-source commerce.
Only time will tell what this means for Magento. We here at Gravitywell are still confident that Magento is still far above competition – expandable, customizable, supported and still growing.
Let us know your thoughts.