Daily Crunch: Verizon is selling Tumblr

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1. Verizon is promoting Tumblr to WordPress.com parent, Automattic

It’s been six years considering that Yahoo acquired the common blogging platform for extra than $1 billion. Because then, Yahoo was acquired in turn by Verizon, and now Verizon is promoting Tumblr for what’s been variously reported as a “nominal” price tag and “well below $20 million.”

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Though it may possibly be simplistic to peg the service’s declining worth to any single choice, final year’s move to ban pornography has definitely proved disastrous. At least on the surface, Automattic and WordPress appear like they could be a improved match.

2. Snap introduces Spectacles 3, with two HD cameras and 3D effects on Snapchat

Snap isn’t providing up on its Spectacles hardware but.

3. Postmates to drop IPO filing subsequent month

In spite of prior reports indicating the on-demand delivery organization is in search of an M&A exit, sources close to the matter say Postmates is on track to comprehensive an initial public providing this year.

disrupt sf

4. Announcing the Disrupt SF 2019 agenda

We’ve got a small some thing for every person: Space chats with Lockheed Martin’s Marillyn Hewson and Blue Origin’s Bob Smith, a word from Snap CEO Evan Spiegel, a fireside chat with two of 2019’s significant VC winners, Ann Miura-Ko and Theresia Gouw, as effectively as a uncommon opportunity to sit down with GV’s David Krane.

5. MasterClass founder launches Outlier, providing on the web courses for college credit

The classes price $400 every and function content material particularly shot for on the web consumption (rather than your regular classroom lectures), with dynamically generated issue sets. And they come with credit from the University of Pittsburgh.

6. Singularity 6 raises $16.5M from Andreessen Horowitz to make a ‘virtual society’

The startup’s ex-Riot Games co-founders claim they’re significantly less focused on developing a button-mashing competitive shooter and extra on making a “virtual society,” exactly where customers can create relationships with in-game characters powered by “complex AI.”

7. How lawyers aid bring your acquisition deal to fruition

Attorneys can act as project managers, functioning with organization executives and boards of directors, guiding them by way of the lengthy transaction approach — and of course, advising them on the legal side of the equation. (Additional Crunch membership expected.)