“Marissa Mayer, the former Googler who is now chief executive of Yahoo, is poised to create yet another nothing-to-riches tale in the web industry with a rumoured $1.1bn (£720m) acquisition of the blogging site Tumblr. Tumblr was only founded in 2007, by David Karp, then 21, in his bedroom in his mother’s apartment in New York. Within a fortnight it had 75,000 users; by January 2012, there were 42m blogs on the site; today, there are around 110m, and the investors who have poured $125m into the company include Sir Richard Branson.”
http://www.rawstory.com/rs/2013/05/19/yahoo-prepares-to-buy-tumblr-for-up-to-1-1-billion/
Related posts:
U.S. Keeps Nuclear First-Strike Option [2010]
Putin eyes a Russian credit card system after Western sanctions
Picasso Painting Sells for $179.4 Million; Sets Auction Record
Japan’s economic minister wants Nikkei to surge 17% to 13,000 by March
Race to Mine Bitcoin Gathers Steam
Myanmar's new stock market to open in Oct 2015: deputy minister
India Wants To Kick Out A US Diplomat From Delhi In Retaliation
Tiny Device Will Detect Domestic Drones
Man attempts to blow up New York Fed with fake FBI bomb
Ticket quota whistleblower cop loses NYPD suit
Google pulls listening software from Chromium
Between Walmart and Kroger, 500 stores are about to ditch cashiers
Man held at Guantánamo for 13 years a case of mistaken identity: officials
Obama gives himself and Michelle protection by armed Secret Service agents for rest of their lives
Jerry Seinfeld's lemonade stand gets shut down by police