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welcome to tech crunch daily news a round up of the top tech news of the day

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Our Corporate Overlords sell Tumblr.

Snap is launching a new version of Spectacles and Postmates prepares to go public.

Here's your daily crunch for August 13th, 2019.

First up, Verizon is selling Tumblr to WordPress.com's parent automatic.

It's been six years since Yahoo acquired the popular blogging platform for more than

$1 billion. Since then, Yahoo was acquired in turn by Verizon, and now Verizon is selling

Tumblr for what's been variously reported as a nominal price and well

below $20 million.

While it may be simplistic to peg the service's declining value to any single decision,

...