The biggest web site you never heard of

That was Fortune’s description of Photobucket, which has 39 million registered users, many of whom are MySpace or Facebook users (i.e. teens & kids in college).

Photobucket makes most of its money selling advertising. It’s rumored to be for sale, according to Techcrunch, and Lehman Bros. has valued Photobucket at $300 – $400 million — this is a company that’s running at break-even, and expects to generate revenue of $32 million this year…not too shabby.

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