I believe tumblr was sold to yahoo for 1.2 billion and then literally a year later.. worth shit. tumblr changed hands a few times and evetually word press for 1.3 million. Literally lost +99% of its value lol.
Edit.. oh shit. The article says yahoo bought it for 4.8 billion.
I can't think of a company in history that has made worse acquisitions than Yahoo. You kind of figure that by buying a bunch of companies, one will work out and they'll be fine. But Yahoo proves you wrong.
Yeah and someone told me the guys who started it left. So they had kind of nothing. Probably after it stopped being exciting, anyone good left. And they were just running a Jezebel type money losing tax evasion operation.
I believe tumblr was sold to yahoo for 1.2 billion and then literally a year later.. worth shit. tumblr changed hands a few times and evetually word press for 1.3 million. Literally lost +99% of its value lol.
Edit.. oh shit. The article says yahoo bought it for 4.8 billion.
I can't think of a company in history that has made worse acquisitions than Yahoo. You kind of figure that by buying a bunch of companies, one will work out and they'll be fine. But Yahoo proves you wrong.
It's what happens to lottery winners except on a company scale.
Yahoo lucked into its money and didn't have the wisdom developed by earning it.
Yeah and someone told me the guys who started it left. So they had kind of nothing. Probably after it stopped being exciting, anyone good left. And they were just running a Jezebel type money losing tax evasion operation.