The founders of photo sharing site Photobucket, Alex Welch and Darren Crystal, are leaving News Corp./Fox, we’ve confirmed. The two sold Photobucket to Fox Interactive in May 2007 for around $300 million. Welch and Crystal will leave the company at the end of August.
Photobucket attracted 53 million worldwide visitors in June (Comscore worldwide) and remains one of the most popular photo hosting sites on the Internet. The site first launched six years ago.
The two aren’t commenting on the timing of their exit or what they plan to do next. The earnout on the acquisition ended in May 2009, and it isn’t unusual for founders to leave once the acquisition has been fully paid out. Given their history, I’m sure they’ll be starting something new shortly.
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