Yahoo To Acquire Tumblr For $1.1 Billion

 

 

” Reports say the Yahoo board has approved a $1.1 billion cash deal to acquire Tumblr. Yahoo’s board reportedly approved the deal in a meeting on Friday.

 

According to All Things D, the deal was a unanimous vote and it will be announced Monday morning.

 

Part of the deal stipulates that Tumblr CEO David Karp, will stay with Yahoo for at least four years and retain control over day-to-day management of the online service allowing the Tumblr brand to continue, but Yahoo will be helping to develop advertising.

 

The Wall Street Journal notes that Tumblr had just started focusing on building its advertising revenue after concentrating on building its user base as an easy-to-use blogging platform. 

Tumblr has experience fast growth in recent years. According to WSJ, it had a worldwide traffic of about 117 million vistors in April, compared to 58 million the previous year, about 12 million unique visitors on smartphone, compared to about four million in the previous year. The site claims 108.4 million blogs and 50.9 billion posts. It had a US desktop traffic of 37 million in April, comparable to LinkedIn and Twitter although Twiiter has much more mobile traffic. “

 

 

 

Related articles

• Report: Yahoo to buy Tumblr for $1.1 billion (wtvr.com)
• The Fabulous Life Of David Karp, 26-Year-Old Founder Of The $1 Billion Tumblr Empire (businessinsider.com)
• Why Yahoo’s $1.1 Billion Tumblr Buy Is A Great Idea (YHOO) (businessinsider.com)
• Why Yahoo acquiring Tumblr for $1 billion makes a certain horrible kind of sense [GigaOM] (gigaom.com)
• 5 Reasons Tumblr + Yahoo is Good For Users (forbes.com)

 

 

 

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Internet Tycoons Launch Immigration Reform Lobby Group

Facebook Boss Mark Zuckerberg Launches New Immigration Lobby Group

 

 

” The billionaire founder of Facebook, Mark Zuckerberg, has launched a new initiative to push for immigration reform, describing America’s current system as “unfit for today’s world.”

The group, called FWD.us, (pronounced Forward US), is backed by other Silicon Valley leaders including Google chairman Eric Schmidt, Yahoo boss Marissa Mayer and Reid Hoffman, the billionaire co-founder of Linkedin.

“We have a strange immigration policy for a nation of immigrants. And it’s a policy unfit for today’s world,” Zuckerberg wrote in an editorial for The Washington Post to launch the lobby group.

 

Zuckerberg said FWD.us would push for:

● Comprehensive immigration reform that begins with effective border security, allows a path to citizenship and lets us attract the most talented and hardest-working people, no matter where they were born.

● Higher standards and accountability in schools, support for good teachers and a much greater focus on learning about science, technology, engineering and math.

● Investment in breakthrough discoveries in scientific research and assurance that the benefits of the inventions belong to the public and not just to the few.

This year demand for skilled-worker visas, known as H-1Bs, outstripped the entire year’s supply in the first week that companies were allowed to file applications.”

 

 

 

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Related articles

• Facebook founder Mark Zuckerberg unveils pro-immigration advocacy group (nbclatino.com)
• Zuckerberg: U.S. Immigration Policy ‘Unfit for Today’s World’ (webpronews.com)
• Zuckerberg launches lobby, urges immigration reform (dailystar.com.lb)
• Zuckerberg Lobbies to Become a Bigger Difference Maker (technewsworld.com)
• Zuckerberg kicks off tech lobbying push on immigration (politicalticker.blogs.cnn.com)
• Zuckerberg Goes ‘Forward’ With Launch of Advocacy Group (adweek.com)
• Zuckerberg And 30 Tech All-Stars Launch Political Advocacy Group FWD.us (techcrunch.com)

 

 

 

 

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A “Work From Home Congress” … An Idea Whose Time Has Come

GOP INTRODUCES ‘VIRTUAL CONGRESS’ RESOLUTION WHEREBY LAWMAKERS WOULD WORK FROM HOME DISTRICTS, NOT D.C.

 

 

” Excerpted from The Hill: Rep. Steve Pearce (R-N.M.) wants to create a “virtual Congress,” where lawmakers would leverage videoconferencing and other remote work technology to conduct their daily duties in Washington from their home districts.

Under a resolution Pearce introduced on Thursday, lawmakers would be able to hold hearings, debate and vote on legislation virtually from their district offices.

While Yahoo CEO Marissa Mayer may have recently nixed the Web company’s work-from-home policy to boost its performance, Pearce believes a remote work arrangement may benefit Congress and make lawmakers more accountable to folks in their home districts.

Pearce says the resolution would eradicate the need for members to jet back and forth from their districts to Washington each weekend. This would allow lawmakers to spend more time with their constituents rather than the armies of lobbyists from K St., he argues.”

 

 

 

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