- Joined
- Jul 21, 2014
- Messages
- 19,152
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- 71,507
All the value of Tumblr was in the porn. Once they banned that, it lost 99% of its value. Verizon/Yahoo bought it for $1.1B, banned the porn, and then sold it for $10M. Less than 1% of the purchase price. Impressive!
https://www.axios.com/verizon-tumblr-wordpress-automattic-e6645edd-bc73-45c2-9380-9fe8ca34291f.html
https://www.axios.com/verizon-tumblr-wordpress-automattic-e6645edd-bc73-45c2-9380-9fe8ca34291f.html