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Sep 19 2008

eBay to shed load; plans to sell StumbleUpon!

Sardar Mohkim Khan 

image253 eBay to shed load; plans to sell StumbleUpon!After spending $75 million in acquiring site recommendation engine StumbleUpon, eBay has plans at cutting off StumbleUpon from its armory. eBay  has taken the assistance of Deutsche Bank to get a bid from the right buyer.

There aren’t any clues as to where the  bid is going to start from but chances are that eBay might just fall short of selling it for the prize it had bought the recommendation engine. This could very well be for the stagnant trend over the last year in daily visits and page views; although the userbase has increased by 20% from 5 million last year to a little over  million in less than six months.

I wonder what could be the reason for the current action eBay is taking and all that has to be  done is to wait for the official announcement before we get a hint for the real reason behind all this. Readers have any ideas on this?

image254 eBay to shed load; plans to sell StumbleUpon!

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