If you want flesh, you will find it at Tumblr.
The board of directors at Yahoo approved the acquisition of the popular [photo]blogging platform, Tumblr, for $1.1 billion dollars. It is expected, that Tumblr’s managers won’t bargain any further as this is truly a god-sent offer.
Tumblr will continue to operate “as before”, with the same corporate leadership. By having such an extreme stash of cash, the real question is, where will it all be invested?
Personally, we’d buy a Porsche or two and a house in Malibu.
According to some estimates, Tumblr was running out of cash despite its revenue of $13 million dollars in 2012.
There is also the issue of pornography, which a lot of Tumblr’s content is famous for. Just Google “tumblr [insert your favorite type of porn here].”
Apparently, Yahoo is not concerned at this time about the Tumblr pornography issue, and its acquisition of Flickr was not destructive, although revenue hasn’t been spectacular there either.
Are we reliving the great dot com days of the late 90’s?
This post is 100% true!
