Senior Bachchan miffed after Tumblr marks his daily blog 'objectionable'
We bet you didn't know Internet was this fascinating!
Karp said that he will leave by the end of this year and chief operating officer Jeff D'Onofrio will take his place at the helm of Tumblr.
The struggling Internet pioneer has been briefing prospective buyers, according to US media reports that indicated the list of suitors included telecommunications titan Verizon, Google-parent Alphabet, and Time.
Marissa Mayer, Yahoo's chief executive said that the website has more than 800 million monthly active users which, she said, represented 20 percent growth.
Unlike her three predecessors, Marissa Mayer has now managed to make it through an entire year as the Yahoo CEO. She even got a $1.1 million bonus halfway through. Did she earn it?
The deal for Tumblr was the largest since Yahoo Chief Executive Marissa Mayer took the role in July with a focus on reversing a long decline in Yahoo's business and web traffic. The deal also made Tumblr founder and CEO David Karp, 27, a multimillionaire.
The price the company charges per ad slid 12 percent in the April to June period, six times the decline just a quarter ago - a fall that some say highlights how Yahoo has been caught unprepared for the industry shift to automated, programmatic ad buying.
Tumblr's founder David Karp wants to grab advertiser attention. He says coming up with the next best idea, staying ahead of the curve and keeping up with the technology and letting all the creative people all over the world have the tools to make the thing that is way ahead of the curve is what they aim for.
Google's acquisition ranks among the largest purchases of an Internet company this year as technology deals begin to heat up. Last month, Yahoo Inc closed a USD 1.1 billion acquisition of blogging service Tumblr.
Of the 802 teens aged 12-17 that were surveyed by Pew, 80 percent said that they used social networking sites and one in four online teens are using Twitter, a social network previously perceived as dominated by adults.
Yahoo has been criticized for making big acquisitions that have not always reaped lasting returns.
When he was a little boy, Karp showed an early fascination with electronics and liked to pull toys apart and reassemble them, his mother recalled. By age 14, he liked girls and playing video games like other teenagers, but they never fascinated him as much as the promise of computers.
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders.
Yahoo is buying online blogging forum Tumblr for USD 1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
Tumblr is likely to give Yahoo a younger user base that would bolster the older website's 'cool factor'.
Yahoo's Marissa Mayer tries to attract more traffic and advertisers to the Internet company`s website and mobile applications. The Sunnyvale, Calif., company`s board of directors will meet Sunday evening to consider approving a USD 1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated
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