About two years ago, eBay bought out StumbleUpon for $75 million. But today StumbleUpon announced that they are spinning off as an independent company again. The company is now backed by Geoff Smith and several other investors.
Last month StumbleUpon hit 7 million users.
StumbleUpon believes that this will help the company stay more focused on their goal — “helping people discover interesting web content. Our goal is to make StumbleUpon the web?s largest recommendation engine and we think this is the best way to get us there,” stated StumbleUpon co-founder Garrett Camp.