Does Verizon Own Tumblr? The Wild Ride of Ownership
So, let’s dip our toes into the chaotic pool of internet ownership, shall we? The question of “Does Verizon own Tumblr?” is a rollercoaster of business blunders wrapped in a meme-worthy narrative. Strap in!
Verizon, the notorious telecom titan, bought Tumblr way back in 2019, when they snagged it from Yahoo for a whopping $1.1 billion. Fast forward a few years, and they realized they had bought a shiny new toy that was swiftly losing its value. You see, the grand old Tumblr made headlines when it rolled out its infamous porn ban—yes, the very thing that practically defined its unique brand identity! Imagine kicking a pig out of the mud; it just doesn’t make sense, right?
Well, after years of trying to revive this source of meme magic and artistic chaos, Verizon decided to cut their losses. And by cut, I mean significantly slash. They unloaded Tumblr for the jaw-dropping price of less than $3 million. Yep, you read that right! It’s like buying a castle and selling it for pocket change post-party collapse. According to reports, that’s a staggering loss of about 99.7%. Ouch!
It’s hilarious to think that the only bidder was Pornhub, and Verizon was like, “Uh, hard pass!” They must’ve thought there was still some saint-like potential for this platform to become a paragon of innocence. Spoiler alert: it didn’t quite work out.
Now, the new owners at Automattic (yes, those WordPress wizards) have stepped in and claim they’ll keep the porn ban intact. That sounds about as inviting as a no-phone policy at a high school dance. Seriously, did they think this was a flawless strategy to bring back user engagement?
In short, Verizon is now out of the picture, and Tumblr’s wild past remains just that—a pixelated memory. If you find yourself yearning for the days of tumbling down the rabbit hole of whimsical art, memes, and, let’s be real, some spicy content, your best bet is to keep an eye on how Automattic plays this.
So, if you have burning questions or need more juicy tidbits about whether Verizon really owned Tumblr or what’s happening next, feel free to connect with us!
