Tumblr’s next step forward with Automattic CEO Matt Mullenweg

After months of rumors, Verizon finally sold off Tumblr for a reported $3 million — a fraction of what Yahoo paid for the once might blogging service back in 2013. The media conglomerate (which also owns TechCrunch) was clearly never quite sure what to do with the property after gobbling it up as part of […]

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Why you don’t want Tumblr sold to exploitative Pornhub

Tumblr has been squandered ever since it was bought for $1.1 billion in 2013 by Yahoo, now part of Verizon Media Group. Without proper strategy or talent, the blogging tool and early meme-sharing network fell into decline while Medium and Instagram soared. Yahoo wrote down Tumblr’s value by $230 million in 2016. Then last year, […]

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Australia passes law to hold social media companies responsible for “abhorrent violent material”

On Thursday, Australia lawmakers ushered through what is perhaps the toughest legal measures to hold social media companies accountable for the content they share. Only a few weeks after the massacre of 50 people at mosques in Christchurch, New Zealand, Australia’s House of Representatives passed a law requiring social media platforms to “expeditiously” remove content […]

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Yahoo spinout Altaba is selling its entire Alibaba stake and closing down

Bye bye, Altaba . The Yahoo spinout created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan, announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba — some might argue Yahoo was the same in its final years […]

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Yahoo spinout Altaba is selling its entire Alibaba stake and closing down

Bye bye, Altaba . The Yahoo spinout created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan, announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba — some might argue Yahoo was the same in its final years […]

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Profits at The New York Times show media dinosaurs are ruling the internet

Today’s news that the (failing?) New York Times reported net income of $55.2 million, after losses a year earlier — and that its digital business raked in $709 million — is just one indicator that some of the nation’s oldest media properties are finally crossing the bridge into the 21st century. The Times managed to turn […]

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Verizon reports mixed results for Q4 2018

Verizon (TechCrunch’s parent company) just released its earnings report for the fourth quarter of 2018. The company generated $34.3 billion in revenue with an adjusted EPS of $1.12 that excludes special items. Verizon’s actual EPS for this quarter is 47 cents. The reason why the company had to adjust its EPS is that the company […]

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Verizon Media Group is laying off 7 percent of its workforce

The Verizon division formerly known as Oath is laying off 7 percent of its workforce, which amounts to roughly 800 employees. Oath was created after Verizon acquired AOL, followed by Yahoo, bringing them together two years ago as a combined digital media entity with a new name. However, it seems that the organization hasn’t performed […]

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