Tumblr once sold for $1.1 billion. The owner of WordPress just bought the site for a fraction of that.

Posted in: Internet Use/New Technologies at 15/08/2019 15:23

Tumblr, the onetime darling of social media, sold for a whopping $1.1 billion in 2013. On Monday, in perhaps the latest mark of its decline, the site was reportedly bought for just $3 million.

Twitter didn’t miss a beat in pointing out that Tumblr’s reported sales price was less than that of this bluefin tuna. BuzzFeed propped up a list of seven condos you can buy in New York for the same price as Tumblr.
https://www.washingtonpost.com/technology/2019/08/13/tumblr-once-sold-billion-owner-wordpress-just-bought-site-fraction-that/

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