eBay invests in Meetup

Online ecommerce giant eBay which had just recently acquired the VoIP giant Skype has now invested $2 million in social networking company Meetup. This was confirmed in a form 8-k eBay filed with the U.S. Securities and Exchange Commission on Tuesday.

Meetup had said recently that they were receiving investments from several sources. eBay was included in that list which compromised of other names like Omidyar Network, Draper Fisher Jurvetson, Esther Dyson, and Allen & Co.

eBay stated in its filing that eBay founder and Chairman Pierre Omidyar sits on Meetup’s board of directors and entities owned by him hold more than a 10 percent equity share in Meetup.

EBay representative Hani Durzy added: “We’ve been seeing examples of eBay members arranging local meet-ups in their areas, and since there is crossover we thought it was an interesting company so we chose to make an investment”.

Popularity: 6%