Verizon has sold Tumblr to WordPress owner Automattic Inc. for less than $3 million. Alex and Nick talk about what happened to the company once acquired for $1.1 Billion and contrast its failure to the success of social news aggregation site Reddit.
This is an excerpt from episode 16 of Winner Take All. Watch the full episode here:
Verizon is looking to sell Tumblr after squandering its potential:
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Verizon has sold Tumblr to WordPress owner Automattic Inc. for less than $3 million. Alex and Nick talk about what happened to the company once acquired for $1.1 Billion and contrast its failure to the success of social news aggregation site Reddit. 
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