Mar 26, 2007 at 7:26pm ET by Brian Smith
Since I’ve been absent a while (sorry Danny, Chris, and Barry), thought I should first catch everyone up on management changes at the shopping comparison engines.
Here’s the rundown:
So what does this mean for these companies? Truthfully, I think it’s business as usual. Shopzilla, Shopping.com, and PriceGrabber were all purchased by larger entities (EW Scripps, eBay, and Experian Interactive, respectively) in mid-late 2005 and it’s normal for founders and senior management to move on. While I’m disappointed to see many of these people leave, I think it’s a healthy change for each company as new management comes with new ideas which can help move the industry, and these top players, forward.
I’ve heard a number of people play up the softness in Shopzilla’s expected earnings as the main reason for Phelps’ and Mohit’s departures, but I think that’s only a small piece of the puzzle.
As for Become, the company has re-focused efforts on the comparison shopping side of the business, reducing staff in areas such as marketing and strengthening staff in areas like account management.
Opinions expressed in the article are those of the guest author and not necessarily Search Engine Land.
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