When Yahoo! acquired Tumblr for $1.1 billion USD back in 2013, it touted stats like 300 million monthly unique visitors and 120,000 signups per day to its investors. Yet things haven'r remained quite so rosy for the social media platform. Earlier this week Yahoo! announced that it was laying off 15% of its workforce amidst its continued decline, but perhaps the biggest blow comes to Tumblr itself: Yahoo! has devalued the one-time darling start-up by $230 million -- meaning it's now worth just $7...
When Yahoo! acquired Tumblr for $1.1 billion USD back in 2013, it touted stats like 300 million monthly unique visitors and 120,000 signups per day to its investors. Yet things haven'r remained quite so rosy for the social media platform. Earlier this week Yahoo! announced that it was laying off 15% of its workforce amidst its continued decline, but perhaps the biggest blow comes to Tumblr itself: Yahoo! has devalued the one-time darling start-up by $230 million -- meaning it's now worth just $7...
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