eBay wants to sell Stumbleupon
eBay is planning to sell Stumbleupon company that was bought for $75 millions less than a year ago… Surprise, surprise. Who said it was ever profitable? I mean, less that a year somebody said that the company’s value is $75 millions, eBay paid the money and now the reason for selling is that company is not profitable. No comments. Deutsche Bank is hired by eBay to get rid of Stumbleupon. The truth is that web 2.0 wave has brought a lot of social sites, but just a few of them are able to make any money and has real value.
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