Yahoo! Inc. (NASDAQ:YHOO) is going to meet today to discuss the possibility of acquiring blogging service Tumblr for $1.1 billion, according to AllThingsD. Tumblr currently hosts 108.2 million blogs and 50.8 billion posts. Many of these blog posts contain inappropriate content so many Internet analysts are questioning whether this acquisition makes sense for a media company that has a sterling reputation. The deal is not expected to be entirely in cash because Yahoo!’s stock price has been on the rise lately, largely due to the hiring of Marissa Mayer as CEO.
Tumblr has redesigned their Android app. The app can be downloaded now on Google Play. The app lets users “post anything” such as photos, videos, quotes, links, text, etc. Tumblr Android users can also save drafts, queue posts, and customize tweets. The updated app still supports multiple blogs.
Tumblr, one of the largest blogging platforms in the world, has hit over 100 million blogs. Around 44.6 billion blog posts have been created using Tumblr. Last year Tumblr became one of the top 10 most visited websites in the world. About 80.2 million blog posts are being created on Tumblr per day. Founded by David Karp around 6 years ago, Tumblr now has about 167 employees and is available in 12 languages. This month, Tumblr announced plans to launch mobile ads on iOS and Android in order to hit their first annual profit.
The search for the word “Tumblr” has passed searches for the word “blog” on Google. Tumblr beat the word blog in December 2012 for the first time. This chart simply shows how popular Tumblr has become since the company launched in 2007. Tumblr is worth around $800 million on paper and Tumblr founder David Karp is going to buy a $1.6 million loft soon. Outbound social media director Laura Olin sent out the following tweet:
David Karp is the 26-year-old founder of the blogging platform Tumblr. On paper, Tumblr is worth around $800 million. At around 25% equity, Karp is worth over $200 million. However Karp is known for living with very few possessions. Karp has decided to spend $1.6 million to buy a 1,700 sq. ft. loft in Williamsburg, Brooklyn.
Tumblr, one of the most popular blogging platforms on the Internet, was hacked today. Several Tumblr accounts were hacked and filled with offensive spam blog posts. Even visiting a compromised Tumblr page while logged in could affect their own account. Tumblr said that they fixed the exploit and they issued this statement:
George Takei played Sulu on the TV series Star Trek. Mr. Takei is openly gay and is active in gay rights in state and local politics. Now Mr. Takei has joined Tumblr. George Takei has 2.9 million followers and now he is on Tumblr. Mr. Takei teamed up with Tumblr and Humans of New York to promote an Indiegogo campaign to help people that were affected by Hurricane Sandy. Below is his first Tumblr post: