Home

Tumblr was sold to Yahoo for close to $ 10 billion - so little resale

General | Aug 14, 2019 | Master3395

A sum to laugh at.

Verizon announced tonight the sale of the blog platform Tumblr to Automattic, the company behind WordPress. It is the sales price that makes most people a little apprehensive: from several sides, it is stated that Automattic takes over the company and its 200 employees for under three million dollars, ie about 25 million Norwegian kroner.

That represents only a tiny fraction of what Yahoo announced for the platform in 2013, with close to NOK 10 billion. In addition, the WordPress owner gets 200 employees.

Was removed from the App Store
By and large, Verizon does not seem to be particularly affected by the sale, and in recent times there have been indications that the company would only get rid of the hassle that is Tumblr, and that price has not been a particularly important factor in the decision. It is expressed in The Wall Street Journal's posting where they quote people with knowledge of the topic.

Last December, Tumblr dominated the news scene as they announced the news of removing all adult-related content that could be perceived as pornographic material after having its application removed from the App Store. It should continue this way, according to Automattic chief Matt Mullenweg.

In an interview, Mullenweg says that he himself has been a Tumblr user for a long time and that the platform can now be considered complementary to WordPress.

"It's just for fun," says the Automattic boss. No drastic changes are expected in any of the platforms at first.

Keywords: automattic, verizon

Sources: 9to5Mac

Author: Master3395

Comments:

comments powered by Disqus
Discord

Page 1 of 429  >  >>

When will it end? Now there are problems with the batteries as well

microsoft-surface-pro-4png.png

Aug 22, 2019 | Category: General | Comments

Surface is already struggling with CPU and WiFi.

read more…

Apple TV launches in November for $ 10 a month

appletvplus-800x459.jpg

Aug 21, 2019 | Category: Microsoft | Comments

At the same time increases the budget for original content.

read more…

US companies have 90 days to end Huawei cooperation

hua.jpg

Aug 20, 2019 | Category: General | Comments

But that's not to be kind to Huawei.

US authorities have decided to allow US companies to do business with Huawei a little longer. Just as Reuters reported yesterday.

read more…

Page 1 of 429  >  >>