• fpslem@lemmy.world
    link
    fedilink
    English
    arrow-up
    21
    ·
    3 months ago

    Like, two owners ago. Wordpress took Tumblr off Verizon’s hands for $3 million USD, ~six years after Yahoo! bought it for $1.1 billion.

    • gmtom@lemmy.world
      link
      fedilink
      English
      arrow-up
      15
      ·
      3 months ago

      Where the fuck does yahoo even get money from to do this kind of shit at this point?

        • Wirlocke
          link
          fedilink
          English
          arrow-up
          4
          ·
          3 months ago

          The people can, but companies still need some kind of income to exist. The owners/ceos will just golden parachute away from the corpse

          In order to tangibly pay employees/rent/servers a company needs either profits, subsidies, or a ponzi scheme inflated stocks.

      • fpslem@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        3 months ago

        yahoo

        Nowadays, I don’t know that they could, but more than a decade ago they still had enough mail and search users to be somewhat relevant, and Marissa Meyer had just taken over after she left Google. There was a real thought that Yahoo! could so something new. It obviously didn’t pan out, but for a hot minute, people really talked about Yahoo!