#Verizon Sells #Tumblr, Officially. And The Porn Policy?; #socialmedia

(TIME) — Verizon sells early social-media darling Tumblr.

Verizon is selling Tumblr, a darling of early social media, to the owner of blogging platform WordPress. Terms were not disclosed.

Tumblr is known for its devoted fan base and has been home to angry posts from celebrities like Taylor Swift. It angered many users last year when it banned porn and “adult content,” which made up a big part of its highly visual and meme-friendly online presence.

Verizon got Tumblr through its 2017 purchase of Yahoo. Yahoo had bought Tumblr for $1.1 billion in 2013, but ended up writing off much of its value. Terms of Verizon’s sale to WordPress owner Automattic weren’t disclosed.

Source: TIME, full story

 

Leave a Reply