Sunday, 18 August, 2019

Verizon announces sale of Tumblr to Automattic, the owner of WordPress

Lenovo Think Pad X1 Carbon First Impressions Verizon Sells Tumblr to WordPress Owner
Russell Knight | 13 August, 2019, 14:39

Personal blogging social network Tumblr - a waning haven for artists and fandoms - will exit the portfolio of current owners Verizon and be parted off to Automattic Inc., owners of Wordpress, another blogging platform with social elements, according to the Wall Street Journal.

It's unclear what changes will come under Automattic's leadership, and the two companies behind the deal have yet to disclose any details. "We are excited to add it to our lineup, which already includes WordPress.com, WooCommerce, Jetpack, Simplenote, Longreads, and more". While Tumblr was once a massively popular outlet for blogging and social media, the platform lost its lustre over time to other social media outlets.

Once hailed as the next social media unicorn, Tumblr sold to Yahoo for an astonishing $US1.1 billion ($1.6 billion) despite no clear avenue for the service's profitability. "We are proud of what the team has accomplished and are happy to have found the ideal partner in Automattic, whose expertise and track record will unlock new and exciting possibilities for Tumblr and its users", Verizon Media CEO Guru Gowrappan said in a statement. When Verizon purchased Tumblr in 2017, the company introduced an adult content ban on Tumblr, leading to a huge backlash from users.

NZ buys back 10,000 firearms after Christchurch attack
After the amnesty expires, possession of prohibited firearms is punishable by up to five years in jail. Armed police respond to a shooting Friday at the Masjid Al Noor mosque in Christchurch, New Zealand.

Air Canada boosts Transat bid by C$200 million
Transat in June accepted Air Canada's earlier all-cash bid of C$13 a share, over a C$14 per share offer from Group Mach. We are therefore very pleased to have received Letko Brosseau's strong endorsement for our transaction.

Some DSLR cameras can be infected with ransomware
Do not connect the camera to a PC or mobile device that is being used in an unsecure network, such as in a free Wi-Fi environment. Check Point disclosed the vulnerabilities to Canon, which has issued a security update for its devices .

In a blog post on today's news, Tumblr's staff said: "We couldn't be more excited to be joining a team that has a similar mission". "It is an essential venue to share new ideas, cultures, and experiences, helping millions create and build communities around their shared interests". Automattic will carry on with the porn ban on Tumblr after the acquisition.

In a post on Tumblr, Automattic's CEO said the deal should close within a few weeks.

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