Consumating a long-rumored deal, Internet auctioneer eBay agreed on Wednesday to acquire social bookmarking site StumbleUpon for $75 million.
The popular San Francisco, California-based startup, with almost 2.5 million users and growing by 150 percent annually, allows users to approve or disapprove of websites and then guides them to other sites that users with similar tastes have recommended.
A bulletproof method for spending hours of time web surfing—5 million recommendations are made daily—StumbleUpon provides users with an easy and community-oriented way of discovering new and unexpected sites.
RED HERRING | eBay Makes Social Networking Play
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