Friday, May 17th, 2013

Woe, Woe, Your TumblrCities Lies In Dust

Mark Ghuneim and David Peris dug up this delicious chestnut from January, 1999: "Internet search engine Yahoo! Inc. confirmed Thursday it will buy GeoCities, a fast-growing Web site community, in a $3.6 billion deal that will further solidify Yahoo!'s position as a frontrunner in the online popularity contest." RIMSHOT.

Makes a billion dollars for Tumblr seem like a steal. Here's what I don't understand: who's blabbin' about the potential acquisition of Tumblr by Yahoo!? Oh, gosh, whoever benefits from that. Tumblr made $13 million in 2012, so $1,000,000,000 sounds totally natural.

Oh, and how was GeoCities at the time of its Yahoo! acquisition? "In a separate announcement, GeoCities posted a net loss of $8.4 million…. For the year, the company lost $19.8 million."

5 Comments / Post A Comment

I'm simply in awe of the title of this post. Spellbound, if you will.

stuffisthings (#1,352)

Well yeah of COURSE startup financial math looks idiotic if you just… write the numbers down next to each other like that.

Logan5 (#233,031)

Yahoo's in the Happy House.

LondonLee (#922)

I'm sure Yahoo's share price will take a Slowdive after this.

gregorg (#30)

Finally, I can start a tumblr, knowing it's the fastest way to get my work into the Internet Archive.

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