

WordPress buys Tumblr for “less than $3m”, down from $1.1b in 2013
Sarah Krouse reports that Automattic, the company behind WordPress, is buying Tumblr from Verizon. Tumblr was (and still is for the most part) the blogging service of choice for millions of young people, but floundered after being sold to AOL Yahoo and subsequently cleansed of advertiser-unfriendly material (i.e. smut) when Yahoo was itself sold to Verizon.