Tue. 08/13 - Automattic & Tumblr & Snap & Spectacles 3
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 13 August 2019
⏱️ 18 minutes
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| 0:00.0 | Welcome to the Tech Meme Right Home for Tuesday, August 13th, 2019. I'm Brian McCullough today. |
| 0:10.0 | Tumblr finds its final home, new Snapchat spectacles a new gaming |
| 0:16.1 | startup tries to one up Fortnite's social model why your DSLr camera is a |
| 0:21.1 | prime ransomware target and yes twin influencers are apparently a thing. |
| 0:26.0 | Here's what you missed today in the world of tech. |
| 0:29.0 | WordPress. |
| 0:33.0 | owner, Automatic, says it will buy Tumblr from Verizon and take on around 200 Tumblr |
| 0:37.0 | Tumblr staffers. |
| 0:42.0 | Sources originally reported that automatic paid less than |
| 0:44.9 | ten million dollars for tumbler, but then Peter Kafka tweeted that the price |
| 0:50.0 | tag might have been as low as $3 million. You might recall that Yahoo bought |
| 0:56.8 | Tumblr for 1.1 billion dollars in 2013. Then Verizon bought Yahoo in 2017. |
| 1:05.1 | So this sale represents a mere 0.27% of the original Yahoo purchase price, which was obviously |
| 1:12.2 | already written down for Verizon years ago. |
| 1:15.7 | Or as the next web snarked, Tumblr found a buyer for about the same price as a modest home |
| 1:21.0 | in San Francisco. |
| 1:23.0 | To be sure, one way to look at this is that it's quite a come down for a once hot startup. |
| 1:28.6 | But then again, the Tumblr founders did make a huge payday by finding some deep-pocket dumb money to take them out all |
| 1:35.8 | those years ago. |
| 1:37.4 | The problem has always been no one has ever really found a way to monetize Tumblr properly, not even the founders, thus the original |
| 1:45.2 | sale being a good deal for them, as I'm saying. |
| 1:48.0 | The question now is, can automatic do any better? |
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