Alex Welch and Darren Crystal, co-founders of Photobucket have decided its time to leave Fox Interactive Media. The two had sold the photo sharing site to FIM back in 2007 for a total value of $300 Million and will be leaving it by the end of this month. We aren’t sure what the two are going to do in the future but chances are that they will be work upon something new, which is the only possible thing they will prefer to do.
Tag Archive: photobucket
Fox Interactive Media continues to shed weight on its budget as it laid off close to 75 employees across its properties. Gladly enough those weren’t from MySpace, which has seen a lot of that already. However, Photobucket suffered the most as it lost about a third of its 120 employees. We aren’t sure if this is the last of the layoffs we hear as its fiscal year comes to an en on June 30 and hope they don’t make some more cuts just till then.
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