Photobucket was profitable, with tens of millions of annual revenue IIRC (there was an analysis I read somewhere, but can't find it now). They could be going b

Photobucket was profitable, with tens of millions of annual revenue IIRC (there was an analysis I read somewhere, but can't find it now). They could be going by the old rule of thumb for acquisitions (three, four times revenues) or, since this is the Web 2.0 world, by some other (more extravagant) equation.