Verizon, who bought Tumblr for $1.1 billion in 2013, sells it to Wordpress owners for "well below" $20 million axios.com

Submitted by neku at August 12, 2019, 11:18 PM in technology (edited at August 12, 2019, 11:23 PM)

The author of this story later said that the price was $3 million but the story hasn't been updated. In any case, lol

In other words, Tumblr was sold for about 2% of what Verizon paid for it. They took a loss of $1.08 billion dollars. We live in a meritocracy.

Comments

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voxpoplar wrote at August 13, 2019, 7:30 AM

porn officially worth $1,097,000,000

Moonside wrote at August 13, 2019, 11:39 AM

I mean, let's not discount the corporate mismanagement prior to pornban, though it certainly was an unique masterstroke.

hollyhoppet wrote at August 13, 2019, 5:58 AM

wordpress is where blogging platforms go to die

neku wrote at August 13, 2019, 6:56 AM

tumblr is basically on life support at this point

what has wordpress done that makes you say that though? i've never really used it

hollyhoppet wrote at August 14, 2019, 4:46 PM

it was just a bad take on how wordpress isn't that popular

Moonside wrote at August 13, 2019, 5:58 AM

I'm just somewhat worried I lose all my content now since its worth to the company must be about 0.000001$. I mean, on lots of blogs you can't even access tags anymore.