[BUSINESS] Verizon is selling Tumblr to the parent company of Wordpress

[TheButcher]

Another change in ownership for Tumblr in 2 years.


"By TALI ARBEL / AP 10:01 PM EDT

NEW YORK (AP) — Verizon is selling Tumblr, a darling of early social media, to the owner of blogging platform WordPress.

Tumblr is known for its devoted fan base and has been home to angry posts from celebrities like Taylor Swift. It angered many users last year when it banned porn and “adult content,” which made up a big part of its highly visual and meme-friendly online presence.
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But well before that, the site has already been drifting in the face of competition from Facebook and its Instagram service and from Google’s YouTube. Tumblr has also been overshadowed by Twitter.

Verizon got Tumblr through its 2017 purchase of Yahoo. Yahoo had bought Tumblr for $1.1 billion in 2013, but ended up writing off much of its value. Terms of Verizon’s sale to WordPress owner Automattic weren’t disclosed.

Verizon had hoped to create an ad business to compete with Google and Facebook but its media business ran into trouble. It has cut jobs and sold some Yahoo properties, including the photo-sharing site Flickr and Polyvore, a fashion and collaging site that was then shut down."


https://time.com/5650708/verizon-sells-tumblr/

[Colmike7]

I heard that it was for only $3mil.. If so, someone messed up..

[Jessup]

Tumblr and adult are not compatible so who gives a flying fuck

[Colmike7]

Tumblr and adult are not compatible so who gives a flying fuck

.....

[DeSexGuide]

It's all about Twitter these days they still allow adult posts

[monsta]

Someone is making money of all this ownership changes.

[HeidiHoe]

Tumblr went down the dumps when they dumped adult.

[TheButcher]

Someone is making money of all this ownership changes.

Isn't that always the case

[TheButcher]

Tumblr went down the dumps when they dumped adult.

So true HeidiHoe

[Slim]

If the new owners have s smarts they will bring back adult on Tumblr.

[LuKenGas]

What changes will they make after completing the transaction, any ideas?

[snooper]

They will not allow adult any day soon, they are being bought and sold by major companies who are not going to allow this to happen.

[jag]

It can only get better how I see it

[jlinkz]

Money in motion.

[webcamhostess]

It can only get better how I see it

My opinion nothing will change but the company that owns them.