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Tumblr Sold Out

14.08.2019
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Tumblr sold out

Verizon had taken over the famous blogging platform Tumblr, which was sold to Yahoo for 1.1 billion dollars in the period when it caught great output. Now it was also purchased by WordPress.

Tumblr, the blogging platform that has been bought by Yahoo during its most glorious era, has changed hands, making its founder David Karp one of the youngest dollar billionaire entrepreneurs. Verizon, who bought Yahoo and incorporated Tumblr, is now divesting it.

He changed hands again

Recall that in 2007, David Karp, who was just 21 years old, launched the Tumblr blog platform at his parents’ home. Tumblr was able to collect text, images and video content in one place and reached 75,000 users in just two weeks. In 2012 there were more than 40 million blogs.

Tumblr, which is included in Yahoo’s growth plans, was acquired for $ 1.1 billion in 2013 and David Karp took over the board of directors. However, it has lost its momentum and joins Verizon with Yahoo’s acquisition by Verizon in 2017. Verizon’s prohibition of adult content was highly criticized for a time.

According to the announcement, the Tumblr platform was purchased by Automattic, which holds the popular WordPress blogging platform. Thus, two important blog platforms were gathered under one roof.

Automattic founder Mullenweg expressed satisfaction with the purchase and announced that Tumblr will continue to improve. It was also stated that Tumblr will announce several important new functions following the approval of the purchase.

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