Can someone explain why such high traffic sites like Slide.com, Picnik.com, Flektor.com, etc are often shutdown after acquisition? Even as of today these sites must be getting millions of hits. Not to mention that for many people it's still the go-to site for making slideshows, or picture editing.
Why not instead auction them off or maybe add a business model to cut some losses? It can't hurt more than shutting it down completely?
My guess is big companies get some sort of tax benefit from doing this? But is that the sole reason behind it? Or am I missing some part of the picture?