Thursday, May 7, 2009
eBay sells StumbleUpon
A few years ago eBay went on a buying spree and started snatching up companies ranging from Skype to StumbleUpon. While it made plenty of sense for eBay to acquire PayPal, a company that many eBay users were already using to facilitate financial transactions, Skype and StumbleUpon seemed like odd fits. Sure, you could try to figure out a way to use a social web site discovery tool to promote auctions, and you could use Skype's communication tools to encourage communication between buyers and sellers. But both Skype and StumbleUpon seemed like square pegs in eBay's round hole.Now hot on the heels of news that Skype's founders are exploring the possibility of buying their company back from eBay comes news that StumbleUpon's founders did buy their company back.StumbleUpon is now back in th ehands of founders Garret Camp and Geoff Smith and a new group of investors. The official reason for the buyback? Camp says "there were few long-term synergies between the two businesses." We could have told them that two years ago. Oh wait, we did.[via TechCrunch]
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