Y Combinator Demo Day, revenue-based VC funding, Pivotal, Dell, Tumblr, WeWork, and more – gpgmail

Editor’s note Due to bad travel logistics (thanks SFO), I wasn’t able to get the mid-week edition of the Extra Crunch roundup newsletter out. Sorry about that. Instead, here is everything we published this week on Extra Crunch in one fell swoop — and my, we covered a lot of ground. Hope you enjoy some […]

Verizon is selling Tumblr – gpgmail

The Daily Crunch is gpgmail’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Verizon is selling Tumblr to WordPress.com parent, Automattic It’s been six years since Yahoo acquired the popular blogging platform for more […]

Verizon Sells Tumblr to WordPress Owner for Paltry $3 Million

This site may earn affiliate commissions from the links on this page. Terms of use. Companies exist to make money for the owners and shareholders, and they’ll often do it at the expense of basic morality and common sense. That’s why the rise and fall of Tumblr is so perplexing. Verizon has announced that it’s […]

Automattic’s bargain-bin Tumblr deal plugs right into the WordPress business model – gpgmail

Tumblr has been an millstone around the neck of its owners, first Yahoo and later Oath and Verizon Media, pretty much since it was acquired in 2013. They never found an answer to the question that new owner Automattic is presumably about to take a crack at: how to make this unruly erstwhile porn factory […]

Verizon is selling Tumblr to WordPress parent, Automattic – gpgmail

Six years after Yahoo purchased Tumblr for north of $1 billion, its parent corporation is selling the once-dominant blogging platform. WordPress owner Automattic Inc. has agreed to take the service off of Verizon’s hands. Terms of the deal are undisclosed, but the number is “nominal,” compared to its original asking price, per an article in […]