Tumblr CEO & Founder David Karp Is Leaving the Company

Tumblr founder and CEO David Karp has revealed plans to resign from the company he brought to life. The news was first broke by The New York Times, and later clarified with an official statement from the social media outfit's parent company Oath, which is owned by Verizon. "David Karp will depart Oath by the end of the year," reads a quote from the official Oath announcement. "David founded Tumblr 10 years ago as a space for the world's creators, and we thank him for his commitment and passion d...