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eBay sells StumbleUpon back to founders

Posted on Wednesday, April 15 2009 @ 15:38:06 CEST by

eBay is getting rid of several divisions that aren't part of its main operations, earlier today I reported the online auction giant will spin off Skype next year and there's also an announcement that eBay has found a buyer for StumbleUpon. The web discovery has been acquired by Garrett Camp and Geoff Smith, who found StumbleUpon in 2001 and sold it to eBay in 2006.
After nearly two years as a subsidiary of eBay, today StumbleUpon returns to being an independent company. StumbleUpon is now backed by myself and co-founder Geoff Smith, along with several great investors who’ve backed companies such as Google and Facebook.

This change will help StumbleUpon move quickly and stay true to its focus - helping people discover interesting web content. Our goal is to make StumbleUpon the web’s largest recommendation engine and we think this is the best way to get us there.



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