Yahoo got Tumblr for a real 1.1 billion US dollars, then Verizon bought Yahoo and sold Tumblr to the people that own WordPress for 3 million if I remember correctly. During that time Tumblr got removed from the apple app store and Google play store because of the prevalence of child porn on the website. The following attempts to ban explicit content on the platform ticked off the userbase as it would often incorrectly flag content. Apparently this caused Tumblr's traffic to drop by a third.
Aren't valuations of tech companies pure fairy tales in the first place? Did someone get actual real money or of doing it?
Yahoo got Tumblr for a real 1.1 billion US dollars, then Verizon bought Yahoo and sold Tumblr to the people that own WordPress for 3 million if I remember correctly. During that time Tumblr got removed from the apple app store and Google play store because of the prevalence of child porn on the website. The following attempts to ban explicit content on the platform ticked off the userbase as it would often incorrectly flag content. Apparently this caused Tumblr's traffic to drop by a third.