Everyone has by now heard that Yahoo has agreed to acquire Tumblr for $1.1B. Smart move by Yahoo? Getting Tumblr’s 134 million eyeballs is a good thing. Paying that much for a company that did just $13M in sales in Q1 and burned through $25M in cash last year, is… a big bet.
But Tumblr CEO David Karp’s note to his users this morning? Priceless (particularly the end):
Blog by Abe 