Monday, May 20, 2013

[Tech Talk]: Yahoo Buys Tumblr for $1.1 Billion

Yahoo has officially purchased Tumblr for $1.1 billion, following weeks of speculation. Which may seem like a lot of money, but when you break down the numbers, it's like 10 cents per GIF. Quite the bargain!

For Tumblr users worried that this acquisition will affect their ability to reblog porn, GIFs of Justin Bieber and sassy observations about...nothing, keep clicking away as usual. Yahoo CEO Marissa Mayer has promised "not to screw it up."

Meanwhile, Tumblr CEO David Karp, penned an observational letter explaining that "both our logos end with punctuation!" and signed off "F--k yeah." The "I'm rich, bitch" part was only implied.

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