Verizon, who bought Tumblr for $1.1 billion in 2013, sells it to Wordpress owners for "well below" $20 million
axios.comSubmitted by neku in technology (edited )
The author of this story later said that the price was $3 million but the story hasn't been updated. In any case, lol
In other words, Tumblr was sold for about 2% of what Verizon paid for it. They took a loss of $1.08 billion dollars. We live in a meritocracy.
hollyhoppet wrote
wordpress is where blogging platforms go to die