this post was submitted on 28 Aug 2024
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They summarised the history of Tumblr, but failed to mention how they lost 3 quarters of their users by banning porn?
Like, two owners ago. Wordpress took Tumblr off Verizon's hands for $3 million USD, ~six years after Yahoo! bought it for $1.1 billion.
Where the fuck does yahoo even get money from to do this kind of shit at this point?
Rich people can always get money
The people can, but companies still need some kind of income to exist. The owners/ceos will just golden parachute away from the corpse
In order to tangibly pay employees/rent/servers a company needs either profits, subsidies, or ~~a ponzi scheme~~ inflated stocks.
Nowadays, I don't know that they could, but more than a decade ago they still had enough mail and search users to be somewhat relevant, and Marissa Meyer had just taken over after she left Google. There was a real thought that Yahoo! could so something new. It obviously didn't pan out, but for a hot minute, people really talked about Yahoo!