Imgur has been bought by the owner of Kik, Genius, and WorldStarHipHop

guest · Sep 28, 2021

Imgur has been bought by the owner of Kik, Genius, and WorldStarHipHop
The image-hosting service started life as an adjunct to Reddit
September 28, 2021
https://www.theverge.com/2021/9/28/...n-medialab-kik-genius-whisper-worldstarhiphop

Popular image-sharing site Imgur has been acquired by MediaLab, a Santa Monica-based firm that describes itself as a “holding company of consumer internet brands.” The company owns a number of B-list tech and internet services, including messaging apps Kik and Whisper, lyrics annotator Genius, and viral video aggregator WorldStarHipHop.

Imgur, which currently claims some 300 million users, says the move will help the company “keep the main Imgur team focused on what we do best: creating the best place for community-powered entertainment online.” In a blog post, the company said “Imgur’s journey is far from over” and that MediaLab is committing to “investing more resources in engineering and community.”
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For example, the once-hyped Genius was bought by MediaLab earlier this month for $80 million, reportedly less than what it had raised in venture capital over the years. Kik and Whisper were similarly once-hot properties that have since faded from prominence.

Imgur itself has had a strange ride as a company. It was founded in 2009 as a “gift to Reddit,” and its fortunes have risen and fallen along with this partnership. In 2016, Reddit decided to host its own image uploads, and in response Imgur began to form itself into a standalone online community.
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Imgur’s blog post announcing the acquisition reads like something close to a farewell note — “It’s been an absolute honor to create this corner of the internet alongside this incredible community” — though the company insists its “journey is far from over.”
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Imgur: Celebrating Imgur's Next Chapter

Ahoy, Imgurians! Team Imgur here to bring you some news about the business side of Imgur happenings. Tradition is tradition, so as is customary, we’ll share the final product first: Imgur has been acquired by a company called MediaLab. It's the beginning of a new chapter, and we're excited to share the news with you. Now then, let’s start at the start.
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Imgur has been bought by the owner of Kik, Genius, and WorldStarHipHop

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