RealTime IT News

StumbleUpon Breaks Away From eBay


Policy Fugue by Kenneth Corbin (bio)

Tracking the loveless marriage of technology and government


StumbleUpon, an online recommendation and content-discovery engine, has broken away from eBay (NASDAQ: EBAY) nearly two years after its acquisition, announcing today that it is once again a standalone company.

"We are grateful to eBay for its guidance. However, we realized there were few long-term synergies between the two businesses. It is best for us to part ways and focus on our respective strengths," StumbleUpon cofounder George Camp said in a statement. "This change makes it possible for StumbleUpon to continue to innovate and focus on becoming the Web's largest recommendation service."

Camp will serve as CEO of the company, which is once again an investor-backed startup following its $75 million sale to eBay...

[Continue reading this blog post at Policy Fugue by Kenneth Corbin]