Washington Post

Tumblr once sold for $1.1 billion - now it´s been sold for a fraction of that

Foto: Colourbox

Tumblr, the one-time darling of social media, sold for a whopping $1.1 billion in 2013. On Monday, in perhaps the latest mark of its decline, the site was reportedly bought for just $3 million.

Twitter didn’t miss a beat in pointing out that Tumblr’s reported sales price was less than that of this bluefin tuna. BuzzFeed propped up a list of seven condos you can buy in New York for the same price as Tumblr...

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