8 years ago
2
Tumblr isn't doing as well as Yahoo expected
Yahoo had high hopes for Tumblr when it bought the blogging platform for $1.1 billion in 2013, but it hasn't lived up to its expectations. The troubled company has lowered its valuation to $760 million, down $230 million from its previous $990 million value (Yahoo only snapped up Tumblr for over a billion due to its liabilities). Marissa Mayer and her colleagues expected the startup to boost its userbase to a billion. While that did eventually happen over...
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Yahoo being renowned for their wise investments and strategies over the decades, it comes as a shock to hear that spending 1.1 billion on a blogging platform has not paid dividend in the last 2 years. Equally mysterious: how does yahoo continue to exist?
Search, email, news, fantasy sports, and Alibaba. Although I only use the fantasy sports since they are actually pretty good at it.