Yahoo’s 2013 Shopping Spree May Include Tumblr


Yahoo is reportedly looking to purchase microblogging platform and social networking website Tumblr for $1 billion. Tumblr is considered one of the coolest companies on the Internet because of its appeal to younger users — the very demographic that Yahoo, which recently characterized its users as aging, is now attempting to reach. For its part, Tumblr, which has raised $125 million in several rounds from various investors, is under pressure to monetize the site.

Read the original here:
Yahoo’s 2013 Shopping Spree May Include Tumblr

Share/Save/Bookmark

Tags: , , , , , , , , , , , , , , , , , ,

Leave a Reply

You must be logged in to post a comment.