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Verizon Sells Tumblr to WordPress Owner for Paltry $3 Million

ExtremeTech Tuesday, 13 August 2019 ()
Verizon Sells Tumblr to WordPress Owner for Paltry $3 MillionJust a few years ago, the site was worth $1.1 billion. That means under the stewardship of Yahoo and Verizon, Tumblr has lost a whopping 99.8 percent of its value.

The post Verizon Sells Tumblr to WordPress Owner for Paltry $3 Million appeared first on ExtremeTech.
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Recent related videos from verified sources

Verizon Selling Tumblr To Owner Of WordPress At Discount Price [Video]Verizon Selling Tumblr To Owner Of WordPress At Discount Price

Verizon is parting ways with Tumblr, the social media site it acquired through its 2017 purchase of Yahoo which bought the site back in 2013 for more than a $1 billion.

Credit: CBS 2 New York     Duration: 00:25Published


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Verizon Sells Tumblr to WordPress’ Parent Company

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Verizon said Monday it’s selling Tumblr to Automattic Inc. the parent company of WordPress, in a deal that will give the fading blogging platform its third...
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