Photbucket Profiled by Fortune

Photobucket is the most popular picture site online – Mar. 28, 2007 Photobucket is a pretty amazing machine. They purposely avoid the community stuff that places like Flickr and Zooomr look for while focusing pretty much exclusively on hosting images — many of which end up on MySpace and Facebook.

Fortune profiles the company and what they are up to at the link above. Arrington says that Lehman brothers is trying to sell the company for $300 to $400 million. I’d think Fox Interactive would be the most logical buyer.

Just last week Tabblo (another photo sharing site) was purchased for an undisclosed amount (likely north of $6 million) by HP.