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Not any more!
Tumblr once sold for $1.1 billion. The owner of WordPress just bought the site for a fraction of that.
Tumblr once sold for $1.1 billion. The owner of WordPress just bought the site for a fraction of that.
Love this bit from the article: one Twitter user quipped that “Tumblr’s porn blogs could have literally had a GoFundMe to buy the entire platform.”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.
So how did this happen? How did Tumblr — once a booming online start-up — get swallowed up by the owner of WordPress, another blogging giant and Tumblr’s former rival?