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As the social networking sites lead
the web 2.0 wave, online photo industry is heating up with several
sites attracting millions of monthly unique users. New
web sites such as Tabblo and Riya entering the market, as
photobucket.com is becoming the most popular destination. Last year,
HP bought online photo site Snapfish, and Yahoo snatched Flickr.
Shutterfly, one of the earliest and
popular online photography sites, filed an initial public offering
this week to sell up to $92 million in common stock.
As of March 2006, Photobucket had over 19 Million users growing by over 65,000 users per day. Photobucket serves over 50 Billion images/month. Founded in 2003,
Photobucket has accelerated its organic growth to welcome more than 10 million unique visitors per month.
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