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Tumblr’s Bank Account Had Just $16 Million When Yahoo Took Over

Discussion in 'eTeknix News' started by Aruffell, Aug 10, 2013.

  1. Aruffell

    Aruffell The Don eTeknix Staff Forum Admin

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    <p>Softpedia reports that Tumblr was &#8220;extremely poor&#8221; before the Yahoo takeover took place. Tumblr had just $16 million in the bank before the takeover, which is relatively low for such a large social media company. With such a low balance Tumblr were almost forced to sell as the lack of cash had no end in [...]</p><p>The post <a href="http://www.eteknix.com/tumblrs-bank-account-had-just-16-million-when-yahoo-took-over/">Tumblr&#8217;s Bank Account Had Just $16 Million When Yahoo Took Over</a> appeared first on <a href="http://www.eteknix.com">eTeknix</a>.</p>

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