By John Glenday
The deal marks a dramatic change of fortunes for Tumblr, which was bought by Yahoo for $1.1bn in 2013, and then assimilated into the Verizon fold when the telecoms giant bought Yahoo in 2017.
The short-form blogging platform is said to have lost almost a third of its traffic since banning all pornography and sexually explicit content in 2018.
Tumblr itself remains unprofitable despite Read full story ›
Source: The Drum