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April 13, 2009
StumbleUpon Buy Themselves Back From eBay
The founders of StumbleUpon and a group of investors have bought the company back from online auction giant eBay, ReadWriteWeb reported today.
This should allow the social bookmarking company to come out from the shadows and regain some of its popularity.
As Marshall Kirkpatrick of ReadWriteWeb notes "Founders are where the innovative juice is, often, and if a big conglomerate that buys those startups can't figure out how to make effective use of these incredibly disruptive technologies - then they should get out of the way."
StumbleUpon has about the same number of users as Twitter though their recent growth is much less. Now that it is back in the hands of its founders perhaps that number will grow.
Posted by Frank Watson on April 13, 2009 6:16 PM
