Tumblr, once a major force in social media, founded by a 19-year-old and bought by Yahoo for $1.1 billion, has been unloaded by Verizon Media for far less than that to Auttomatic, the parent company of WordPress. The companies did not disclose financial terms but multiple press reports pegged the value at less than $20 million.
Some people are saying 20 million, some others are saying 3 million, but either way...investors took a bath to the tune of somewhere around a billion fucking dollars. Traffic tanked after they decided to "ban all porn". You know how quite often those high-powered, over paid, golden parachute grabbing, egotistical arrogant and pompous CEO's act...yea, well they are often...fucking idiots. :)
A a special gift for your single friends.
That's me...on the left. :)
Oh my goodness......you mean banning "porn" cost the investors a billion dollars!!!!
ReplyDeleteWho could have possibly predicted that.....well I guess everybody could.....
I'm wondering wht the new owners will do?
Kisses
Kaaren
The porn ban was huge...massive. I'm sure other factors, competition etc, played into it...but that was the final nail in the censorship coffin. :)
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