Is Tumblr a Public Company? Let’s Dive In!
Oh boy, buckle up, my fellow internet explorers, because we’re about to navigate the chaotic waves of corporate blunders and bygone online dominions! Spoiler alert: Tumblr itself is not a public company, and you’re probably wondering how it ended up in the corporate dumpster fire that Yahoo! created.
To set the scene, Tumblr was acquired by Yahoo! in 2013 for a jaw-dropping $1.1 billion. Yes, you heard it right—a billion! That’s more zeros than my bank account after a wild Saturday night out. At the time, Marissa Mayer, the then-CEO of Yahoo!, decided that Tumblr had a spark, a vibrant community of gif enthusiasts and amateur enthusiasts sharing their naughtiness.
Sadly, what followed was nothing short of a train wreck. Yahoo! geniously trotted in, waving bye-bye to the NSFW (not-safe-for-work) content that formed a significant part of Tumblr’s identity. Can you imagine? “Hey, let’s ban the very thing that brought users to this platform in the first place!” Bravo, Yahoo! Just awards all around for missing the point completely.
You could almost hear the collective gasp of the userbase when Mayer declared, “Unfortunately, we acquired a turd instead of a nugget.” Far too generous when describing what came next. Tumblr became a shadow of its former self (though it certainly still has its quirks!). It’s like walking into an all-you-can-eat buffet and finding out that they’ve only got stale bread and sad salads left.
Now, let’s address a common misconception: Tumblr was never a public company after its purchase by Yahoo! However, Yahoo! itself, which became a part of Verizon, was a publicly traded player until it faded into the abyss, much like Blockbuster’s fate after turning down Netflix. The irony, right? Today, Tumblr remains under private ownership, making you wonder how many more corporate “great ideas” it might escape from.
If you crave more details or perhaps want to argue about the merits of 90s websites vs. today’s social media, feel free to live connect with us. Whether you need help, answers, or just want a few nostalgic belly laughs about the internet’s past, we’ve got you covered!
