David Karp, the 26-year-old programmer who founded Tumblr in a bedroom of his mom’s apartment, celebrated the news of Tumblr’s sale to Yahoo in a spirited blog post that assures his fans the microblogging site will only get better.
“Simply, Tumblr gets better faster.”
He signs off with a very un-corporate F-bomb. Here’s the post:
It takes a lot of money to move Yahoo’s needle. And Yahoo thinks Tumblr — which generated all of $13 million last year — will do that within the next 20 months. … It’s a free Web product, which means it’s not really free at all. So if you’re using it, you’re going to pay with your eyeballs. You’re not surprised, right?
Reports indicate that Yahoo is in "serious discussions" to buy Tumblr, the popular microblogging platform. Early rumors say Yahoo is willing to pay $1 billion.Click here to read more
After much speculation, it can be confirmed that Yahoo! will acquire Tumblr for $1.1 billion.Click here to read more