Tuesday, July 10, 2007
eBay acquires StumbleUpon.
eBay NASDAQ:EBAY) has just acquired social bookmarking site stumbleupon for $75 Million. I dont understand this because Yahoo! acquired del.icio.us for only $30 Million, and del.icio.us has a far bigger market share in social bookmarking than stumbleupon. I think the main reason of the acquisition was for eBay to branch out into more services.
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