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by minimaxir
3717 days ago
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Traffic at Tumblr's age means nothing if you can't monetize it. Yahoo included it in a $4.5B markdown on it a couple months ago. http://qz.com/608497/yahoo-just-admitted-it-badly-overpaid-f... > The value of Tumblr’s tangible and intangible assets amounted to just $353 million, according to Yahoo’s accounting. Tumblr also had $114 million in liabilities. |
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