Tumblr was running out of money before Yahoo paid $990m for it
Quarterly filing reveals that Tumblr had just $16.6m in cash when Marissa Mayer swooped - while Yahoo revenues continue to fall
Tumblr was running out of money before Yahoo paid $990m for it
Tumblr, the blogging platform bought for $1bn by Yahoo in June 2013, had just $16.6m in cash when Yahoo bought it out for $990m. The company had raised $85m less than two years earlier - in September...
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