Around the Net

Tumblr Sold Off At A Massive Loss To Wordpress Owner

Just six years after Yahoo paid more than a billion dollars to buy Tumblr, it has now been sold for an undisclosed sum, believed to below $20m and possibly as low as $3m, according to The Telegraph. The blogging site, which is popular with young internet users, is now owned by the parent company of Wordpress.

Read the whole story at The Telegraph »

Next story loading loading..