Tumblr's future is Canadafinally clear: Verizon is selling the blogging platform, which Yahoo once valued at more than a billion dollars, for a "nominal amount," according to The Wall Street Journal.
Verizon announced Monday that it planned to sell Tumblr to Automattic, the San Francisco company that owns WordPress.
"WordPress.com and Tumblr were both early pioneers among blogging platforms," Tumblr wrote in a statement. "Automattic shares our vision to build passionate communities around shared interests and to democratize publishing so that anyone with a story can tell it, especially when they come from under-heard voices and marginalized communities."
The companies have yet to disclose the terms of the deal. Yahoo originally acquired Tumblr for $1.1 billion in 2013.
Tumblr was once considered the "crown jewel" of Marissa Mayer's Yahoo, which spent billions of dollars on more than 50 acquisitions. But despite Yahoo's pledge to not "screw up," Tumblr, a series of missteps lead to Yahoo eventually writing down more than half of Tumblr's value just three years after its $1 billion acquisition.
Tumble has struggled even more in recent months. The site, which had long been known for its free-spirited user base that made the blogging platform a home for all varieties of NSFW content, lost hundreds of millions of users after its decision last year to ban adult content. In May, reports surfaced that Verizon was looking for a buyer for the site, and Pornhub said it was "extremely interested."
Automattic told the Wall Street Journalthe company has no plans to change the policy banning adult content.
Even so, the acquisition should be good news for Tumblr fans, as it seems Automattic is willing to put its resources into maintaining the platform. Automattic's CEO told The Journalit would keep about 200 Tumblr employees and "look for ways WordPress.com and Tumblr can share services and functionality."
Topics Verizon Yahoo
Previous:The John McCain Phenomenon
Next:Not a Revolution
Osaka vs. Garcia 2025 livestream: Watch Australian Open for freeMilwaukee Bucks vs. New York Knicks 2025 livestream: Watch NBA onlineGolden State Warriors vs. Toronto Raptors 2025 livestream: Watch NBA onlineBest AI laptops at CES 2025, from Asus to LenovoShevchenko vs. Alcaraz 2025 livestream: Watch Australian Open for freePhiladelphia 76ers vs. Orlando Magic 2025 livestream: Watch NBA onlineWordle today: The answer and hints for January 13, 2025CES 2025: Hands on with the airy Asus Zenbook A14Original Peloton Bike deal: $300 off at AmazonDjokovic vs. Basavareddy 2025 livestream: Watch Australian Open for freeBest Beats deal: Save $100 on Powerbeats Pro earbudsNYT Strands hints, answers for January 13Best Beats deal: Save $100 on Powerbeats Pro earbudsFearnley vs. Kyrgios 2025 livestream: Watch Australian Open for freeNYT Strands hints, answers for January 14Blue Origin's rocket launch just got postponed. Here's why.JBL portable speaker sale: Get up to 50% off at Woot!China is considering selling TikTok to Elon Musk, report claimsBlue Origin's rocket launch just got postponed. Here's why.Packers vs. Eagles 2025: How to watch NFL online Is it OK to leave a group chat? Why you should, and how to do it. The Budding Discipline of Agnotology Bonnet Books: Paperbacks for the Patriarchy? Why Michel Houellebecq Is Feuding With Le Monde Courtesy Counts: A Story of Nail Clipping and the Subway Our Ongoing Battle with Jetlag Swimming with Oliver Sacks Leslie Jamison and Ryan Spencer Take on the Apocalypse 6 big questions users should be asking about political advertising on X/Twitter Only Five Days Left to #ReadEverywhere What Happened to “O”? The Death of an Exclamation ESPN+ price increase announced for Oct. 12: Here's how to save We Are All Sensitive People: A Marvin Gaye Story Meta Quest 3 vs. Quest 2: What are the differences? Amazon Prime price increase 2022: How to avoid paying $139 and lock in $119 The Sex Ed Guide That Titillated Britain for Centuries The Hotel Is Haunted—But No One Cares How TikTok helped me and my dog deal with separation anxiety Loved the Ocean, Lived in the Desert, and Other News by Dan Piepenbring RIP Pot Roast, the TikTok cat of our dreams
2.0619s , 10106.3984375 kb
Copyright © 2025 Powered by 【Canada】,Unobstructed Information Network