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Twitter buys mobile ad firm Tap Commerce

Twitter announced Monday that it has cut a deal to buy mobile ad firm Tap Commerce to bolster money-making tools at the popular one-to-many messaging service. San Francisco-based Twitter did not disclose how much it paid for Tap Commerce, which is located in New York City, but technology news website Recode.net reported the deal to be valued around $100 million. Tap Commerce specializes in getting people to "re-engage" with applications installed, then ignored, on smartphones or tablet computers. "Advertisers spend aggressively to get new users, but re-activating existing or previous users...

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