#tumblr yahoo

Earlier today, Tumblr has finally broke the news that they've been acquired by Yahoo! David Karpp, the 26-year old founder and CEO of Tumblr, posted the news on their staff Tumblr account and assured that everything will remain the way they are. Tumblr started as a short-form blogging platform back in 2007 and grew to become one of the most popular blogging service with over 108 million blogs in the network. Tumblr has had its own share of issues as well with site downtimes which prompted a number of popular bloggers to move to more stable platforms. Tumblr made $13 million in revenue in 2012 and is expected to make $100 million in 2013. Yahoo's acquisition have been met with mixed reactions. Some fear that this might also happen to Tumblr too and there could be mass exodus of users to other platforms. The other issue is with the type of content that Tumblr hosts -- most of which are reported to be large porn sites, constituting a huge chunk of Tumblr's traffic. Read more in our articles including "Yahoo! to buy Tumblr, are you still eager?" and "Free trip to Yahoo! Open Hack Day in California".