Verizon Unloads Tumblr On Automattic After Value Collapses Under Porn Ban

Nine months after Verizon subsidary1 Tumblr enacted a ban on pornography, Verizon is unloading the troubled property on Automattic (archived). Yahoo purchased Tumblr for 1.1 billion USD in 2013, but rumors and innuendo surrounding the deal suggest a sale price in this deal near the 3 million USD mark with an upper bound on the yet to be disclosed price of 10 million USD. Auttomatic has expressed their intention to continue the insane ban on "adult" content as per their policy of fixing nothing ever.


  1. via Yahoo acquisition  

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