Patent ID: 8762221
Filing Date: 2014-06-24
Classification: G06Q,H04L

Abstract:
1. A computerized method for commerce within a social network platform, the method comprising the steps of: receiving, at a computer operating as an application server, an electronic message originating after a subscriber of a social network platform interacts with the social network platform through a client computing device, the message including initial auction parameters of a desired purchase; using the initial parameters calculating, by a computer operating as an auction controller, auction parameters and providing the auction parameters to one or more computers operating automated auction engines, each automated auction engine being associated with a respective seller; receiving, at the auction controller and transmitted from at least a subset of the one or more automated auction engines, one or more offers to fulfill the desired purchase for the subscriber, wherein each received offer comprises updated auction parameters programmatically-calculated by one of the automated auction engines that are increasingly favorable to the subscriber; identifying, by the auction controller, a most favorable set of auction parameters; and distributing, after commencing purchase by the initiating subscriber at the most favorable set of auction parameters, from the application server and over an electronic network the most favorable set of auction parameters to one or more additional client computing devices of additional subscribers of the social network platform, thus allowing the additional subscribers to complete a purchase according to the most favorable set of auction parameters.