StumbleUpon Freed From eBay, Starts Over As Start-Up...Again

by Truemorist | April 13, 2009 at 01:40 pm
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It's only safe to buy on ebay if you know what you are doing.

It's only safe to buy on ebay if you know what you are doing.

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uploaded by Art_By_Alida

So this is supposed to be a good thing.

After celebrating their acquisition by eBay almost two years ago, social bookmarking and website recommendation-engine-thingy, StumbleUpon, is celebrating their new-found "freedom" from being chained to The Man.

But is this really freedom? The company has lost the firepower of one of the internet's biggest auctioneer/retailers and ended up back in the wee paws of its founders and a couple of "great investors".

Although the company claims this change won't "impact the Stumbling experience", it's likely going to impact the company's stumbling business, as it's ended up back where it started — as...well...a start-up all over again.

One step forward, two steps back?

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.

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Esta
First Flagged at 4:42 PM, Apr 13, 2009 by Esta
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