In 2013, Tumblr was acquired by Yahoo for $1.1 billion. Six years on, Tumblr was sold for just $3 million, amounting to less than 0.4% of its original purchase price.
In 2013, Tumblr was acquired by Yahoo for $1.1 billion. Six years on, Tumblr was sold for just $3 million, amounting to less than 0.4% of its original purchase price.
losses
😢
That's a massive loss for sure. Hard to imagine a platform dropping in value like that so quickly 😕
it may be because of low users
Could be. I think Tumblr struggled to keep users engaged after some policy changes too. Tough to recover once the crowd moves on
the company that bought it has a lot of work to do to restore the trust of it's users
Definitely. Rebuilding trust is a huge challenge, especially after such a steep decline. They'll need to really listen to the community to turn things around
I wish the company good luck ahead