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This section Automattic Inc acquires the Tumblr social networking network featured on Unlimited Technology.
Automattic Inc., the owner of WordPress, recently made the acquisition of Tumblr, Verizon's social media application. Some leaks suggest that this acquisition has ended at less than $ 20 million.
Tumblr has made little profit in the past, especially after Verizon acquired the social network in 2017 as part of the acquisition of Yahoo, where the company has only 450 million blogs.
Today, the Tumblr social network was acquired by the WordPress developer, who acquired Verizon's social network under a contract whose value has not been made public. , has already expired.
Some leaks indicated that the acquisition ended at less than $ 20 million, while others claimed the transaction was less than $ 10 million.
More than 200 employees are about to move to Automattic Inc. and the CEO of Automattic has announced its intention to maintain the content ban imposed by Verizon due to immoral content on the social network for a certain period of time. time.
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This section Automattic Inc acquires the Tumblr social networking network featured on Unlimited Technology.
Here are the details of Automattic's Tumblr social network acquisition for today. We hope we have been able to provide you with all the necessary details and information. To follow all our news, you can subscribe to our alerts system or to one of our different systems to provide you with all the news.
It should be noted that the original news has been published and that it is available on MSN. Saudi Arabia has been confirmed by the editorial team of Gulf 365 and may have been modified and fully transferred or cited. You can read and follow the developments of this news from its main source.
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