eBay buys stake in social networking firm

Iria · Apr 12, 2006, 02:28 PM

eBay invested $2 million in social networking company Meetup.com, according to a Securities and Exchange Commission filing on Tuesday.

The filing sheds more light on the scope of eBay's financial commitment to the company. Meetup released a statement last month revealing that a group of investors had taken a more than 10 percent stake in the company. eBay was listed among that investor group, but the size of the online auction giant's financial commitment was not disclosed at the time.
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Read More / Source: ZDNet

Apr 12, 2006, 02:28 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	eBay buys stake in social networking firm eBay invested $2 million in social networking company Meetup.com, according to a Securities and Exchange Commission filing on Tuesday. The filing sheds more light on the scope of eBay's financial commitment to the company. Meetup released a statement last month revealing that a group of investors had taken a more than 10 percent stake in the company. eBay was listed among that investor group, but the size of the online auction giant's financial commitment was not disclosed at the time. __________ Read More / Source: ZDNet