Acquisition
On August 17, 2011, Jumo announced that it had been acquired by the GOOD, a collaborative magazine and event media company headquartered in Los Angeles, USA. The company blog states the purpose to be "to create a powerful online content and social engagement platform". One of the reasons behind that acquisition is believed to be that Jumo's platform was not receiving the level of user traffic it has anticipated to grow itself.
Read more about this topic: Jumo
Famous quotes containing the word acquisition:
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (1855–1944)
“Always and everywhere children take an active role in the construction and acquisition of learning and understanding. To learn is a satisfying experience, but also, as the psychologist Nelson Goodman tells us, to understand is to experience desire, drama, and conquest.”
—Carolyn Edwards (20th century)