Online auction site eBay and website discovery tool
StumbleUpon have split after two years.
eBay bought StumbleUpon for $75m in 2007, but the two companies
have announced they are parting ways to focus on their respective
strengths.
The announcement comes just weeks after eBay asked its
shareholders whether it can change its
employee stock options to compensate for company shares losing
about two thirds of their value.
StumbleUpon is now backed by company founders Garrett Camp and
Geoff Smith and several other investors.
The announcement gave no financial details of the split, but
said Camp would take on the role of chief executive at
StumbleUpon.
"We are grateful to eBay for its guidance. However, we realised
there were few long-term synergies between the two businesses,"
said Camp.
StumbleUpon will remain focused on helping people discover
interesting content by increasing the accessibility of the
StumbleUpon service and the quality of recommendations, he
said.