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Tumblr failed to meet revenue expectations
- Tumblr failed to meet revenue expectations, and Yahoo! subsequently devalued the company to less than half its purchase price. In 2017 Tumblr became part of Oath, a subsidiary formed after the sale of Yahoo! to Verizon. Later that year Karp announced that he was resigning from Tumblr.
www.britannica.com/money/David-Karp
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Nov 27, 2017 · David Karp told Tumblr staff Monday that he will leave the company at the end of this year, capping off a decade in which he grew the service into one of the leading social networks only to let...
Aric Jenkins. Updated Mon, Nov 27, 2017, 2:42 PM. Tumblr founder and CEO David Karp is leaving the company after 11 years at the helm. The 31-year-old announced his retirement from the...
Nov 27, 2017 · Tumblr CEO David Karp, who founded the blogging service back in 2007, is leaving the company. Karp posted the announcement on his personal blog Monday after sharing it internally with Tumblr’s...
Nov 27, 2017 · Tumblr founder and Chief Exec David Karp is leaving the company at the end of the year, more than a decade after starting the trailblazing blogging platform and selling it to Yahoo for $1.1...
Nov 27, 2017 · David Karp will depart Oath by the end of the year. David founded Tumblr ten years ago as a space for the world’s creators, and we thank him for his commitment and passion driving the...
Nov 27, 2017 · Regardless of his underlying motives, Karp’s resignation marks the end of an era for Tumblr, which became a blogging juggernaut and home to the internet’s more idiosyncratic...
Nov 27, 2017 · A spokesperson for Tumblr parent company Oath confirmed the news, saying the company's COO, Jeff D'Onofrio, will oversee Tumblr after Karp's departure, Though the longtime CEO, who together with ...
