Jumo ‘Acquired’ for $0 and a Graceful Exit | Betabeat — News, gossip and intel from Silicon Alley 2.0.

Jumo ‘Acquired’ for $0 and a Graceful Exit | Betabeat — News, gossip and intel from Silicon Alley 2.0.: Facebook co-founder Chris Hughes has struggled with his ambitious solo start-up, the social network for activism Jumo, ever since its bumpy launch. Waning traffic and disinterested users were making it obvious that the site was not going to catch on, despite multiple redesigns; a tough pill to swallow for the wunderkind whose second act after Facebook, online strategy at the Obama presidential campaign, was another huge success story.