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Social Media Newsfeed: Microsoft to Invest in Foursquare? | Reddit App

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Microsoft Said to Be in Talks to Invest in Foursquare (Bloomberg)
Microsoft and American Express are vying to take an equity stake in Foursquare, according to people with knowledge of the discussions. The two companies are competing to invest in Foursquare rather than cooperating on a joint bid, said one of the people, who asked not to be identified because the information isn’t public.

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American Express Launches Twitter Hashtag Payment System

American Express is expanding its Twitter Sync services by allowing users to pay-by-tweet. The social commerce model is especially beneficial to the company since each purchase is a small advert for American Express. Users who sync up their American Express cards can tweet to purchase a limited supply of discounted items and tweet to confirm each purchase within 15 minutes to complete the transaction.

American Express Twitter Sync was launched in March of 2012 for users who wanted to get discounts on qualifying purchases. Purchases had to be made in person, but now Amex customers can buy items with two tweets and have them delivered to their door.

Currently, you cannot purchase items as gifts as they only be delivered to your billing address and there’s no way to change this feature. It would not be feasible to tweet a recipient’s address in a public tweet for millions to view. Twitter’s security was compromised for 250,000 users earlier this month so it would be wise for Amex to proceed with caution.