Verizon rids itself of ‘misunderstood’ Tumblr for a reported $3 million

Tumblr has finally found the “perfect partner in Automattic,” says Verizon 

Verizon is finally unburdening itself with the sale of Tumblr, a once promising social media platform that the carrier acquired when it purchased Yahoo in 2016It has been reported that Verizon sold Tumblr to Aututomatic, the parent company of WordPress, for a mere $3 million, a crushing drop in value from the $1.1billion Yahoo paid for it six years ago. 

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