• That Was Fun, But Now Ebay's Selling Off StumbleUpon

    Michael Arrington

    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    Thursday, September 18th, 2008

    In May 2007 eBay acquired website recommendation engine StumbleUpon for $75 million. Now, less than a year and a half later, they’re trying to unload it according to a source with knowledge of the sale process.

    eBay has hired Deutsche Bank to find the right buyer, says our source, but the asking price is unknown. It’s not certain that eBay will be able to sell it for the price they paid – In July StumbleUpon had 1.3 million worldwide visitors and 25 million page views. Twelve months earlier the service attracted 4.4 million visitors and 31 million page views (Comscore). Google trends shows stagnation over the last year as well.

    Registered users have continued to rise steadily, however. The service had 5 million in April 2008. As of this evening, the site shows 6,003,763, a 20% rise in less than 5 months.

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