How Much Did Yahoo Buy Tumblr For: A Comedic Misadventure
So, rumor has it that Yahoo dropped a cool $1.1 billion to gobble up Tumblr back in 2013. That sounds hefty, right? However, they later sold it for a shocking just $3 million in 2019. Talk about a massive faceplant! It’s like buying a fancy sports car only to resell it later for the price of, oh, a sandwich. Surprisingly, that’s a staggering over 99% loss in value. The business world is filled with head-scratchers, but this one’s a doozy!
Now, as for Yahoo’s profit-making prowess, we might as well ask if it ever snowed in hell. Since the dot-com crash, Yahoo has been notorious for acquiring hot properties only to turn them into, well, not hot properties. Their track record speaks volumes, akin to a dumpster fire that won’t quit. Seriously, there’s something about their leadership decisions that often invites the question: Did anyone even research this?
Speaking of the infamous Tumblr, when Yahoo took over, they aimed to eliminate the platform’s explicit content, presumably to make it family-friendly. Instead, they managed to send a huge chunk of users packing. Can anyone say “lack of foresight?” The reasoning behind the ban was tied to the consequences of FOSTA/SESTA, and, let’s be real, they had their motives to avoid hosting liability. This move only cultivated a vineyard of bot opportunities, but hey, who are we to judge their stratagems?
Perhaps the most hilarious facet of all this? The turn of events post-acquisition made Tumblr a unique case study: it transformed from a thriving hub for diverse content, including a solid amount of erotic fan works, to a barren wasteland void of user engagement. It’s one of those classic “What were they thinking?” situations, reminiscent of someone rushing into a relationship, ignoring all red flags, only to break up two weeks later over a pizza topping dispute.
If you find yourself looking for further help, answers, or just wish to delve deeper into the baffling saga of Yahoo and Tumblr, feel free to connect with us. We’re always up for a chat!
