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Is StumbleUpon For Sale?
Posted on September 19th, 2008 by admin in Domain News | 1 Comment »
eBay bought website recommendation service StumbleUpon.com for $75 million in May 2007 but less than 2 years later are they trying to offload it?
According to a source close to TechCrunch eBay have hired DeutscheBank to try and find a buyer for the apparently stagnating service.
StumbleUpon user registrations however continue to rise with the user count hitting 6,000,000 this month. Will eBay be able to get their money back if a sale occurs?
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Haven’t they made their money back already? I would imagine a site like that that was growing at a rate the same way stumbleupon did would make them a lot of money in a hurry.