Shoemoney sold AuctionAds to Media Whiz

This is already old news, but I had to write about it. Last week, Shoemoney sold his part of the Auction Ads network to Media Whiz, which currently owns Text Link Ads and ReviewMe, which we already know, and if you don’t you should be ashamed. Auction Ads was started by Shoemoney in cooperation with Media Whiz only four months ago and it had a whopping start, gathering 25,000 publishers.

For those that don’t know how Auction Ads work, it’s pretty easy. Auction Ads is actually a big eBay affiliate, which gathers all its members into a large affiliate, because eBay pays its affiliates depending on the number of sales (the more sales you have, more money you make).

Auction Ads was paying its members 100% so it had no significant revenue and the amount of money involved in this transaction wasn’t made public.