StumbleUpon is Growing
Announced today, the popular traffic-driving site, StumbleUpon has received $17 million from their Investors. The site has decided to put that money back into its Stumblers community by growing the site.
In an announcement from StumbleUpon, they plan to invest the money to grow the core discovery technology, branch out to mobile devices and television so you can stumble across more platforms and grow the company with hiring more employees.
Since its initial series A of investments in April of 2009, the discovery site, StumbleUpon has more than doubled its registered user to more than 14 million and more than tripled its content recommendations to more than 800 million per month. In addition, the company has surpassed one million installs of its iPhone and Android applications since launching them in August 2010.
What is StumbleUpon?
StumbleUpon is a search engine discovery social networking site that caters to your likes or dislikes of shared content from across the web. It has become the #1 social networking site, which sends traffic to other sites and has been used by over 60,000 marketers to promote their content. The same Investors who invest in sites like Google and Facebook also back StumbleUpon.
What Does this Mean for Stumblers?
Now that StumbleUpon has received $17 million, they are going to help build their community and put forth the effort into the Stumblers who have made StumbleUpon as successful as it has become.
This social networks’ growth to expand its reach will only surpass its current success and impress those that use StumbleUpon. This is great news for those who use the site to share content and to drive traffic to sites across the web, since with today’s announcement you and 14 million other people will now be able to keep discovering from various easily accessible platforms in the near future.
Are you a Stumbler?
Erin Ryan is a writer for various blogs and a Social Media Specialist who has a keen understanding of the power of Social Media for business and fervently stays up-to-date with the Social Media Industry. Erin enjoys teaching and helping people and businesses on how to use and connect through Social Media. You can connect with Erin on Twitter or read more Social Media Articles written by Erin Ryan.
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