Forbes Buys Online Photo Platform FlipGloss

Forbes Magazine Building

Despite its current financial troubles and continued layoffs, Forbes Media has bought FlipGloss, a photo publishing and online distribution platform. Terms were not disclosed. The site has been funded by Forbes since its founding in March 2008. Forbes COO Tim Forbes has advised the company. Other advisers have included Forbes minority shareholder Elevation Partners and Launch.com founders/former *Yahoo* Music GMs Dave Goldberg and Bob Roback.

In announcing its purchase, Forbes touted Santa Monica, CA-based FlipGloss’ Digital Glossy Insert photo publishing platform, which is used on Forbes.com’s latest ranking of <a href="http://www.forbes.com/2009/11/11/worlds-most-powerful-leadership-power-09-people_land.html&quot; title="The World

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