Verizon Sells Tumblr to Company That Owns WordPress

Verizon announced a deal to sell Tumblr — the blogging site Yahoo acquired for $1.1 billion six years ago — to Automattic, the company that owns and operates online-publishing site Word…

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    Saborlas

    As long as Tumblr’s owners continue to wage an ideaological war against its users, the site will hemorrhage money. By banning ALL adult content, they lost a huge amount of their userbase. Whoever comes up with an adult version of Tumblr and gets the advertisers on board is going to make a shitload of money.

    fatherdougal

    My favourite part of this is that the price had gone from over 1 billion dollars six years ago down to a handful of lint and a half eaten Snickers today.

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