<p>Since the Tesla CEO Elon Musk took over the microblogging platform, people have jumped ship. Twitter users have turned to other social media platforms and seemingly one of the most popular ones, Mastodon, has emerged as the winner.&nbsp;Mastodon has been dubbed as an open-source, decentralised, or federated social network which allows users to construct their own networks or 'instances', this&nbsp;effectively gives them access and ownership of their data.&nbsp;The ad-free social media platform has also recently&nbsp;garnered some 2.5 million users.&nbsp;</p>

<p>“Mastodon has recently exploded in popularity, jumping from approx. 300K monthly active users to 2.5&nbsp;million between the months of October and November, with more and more journalists, political figures, writers, actors and organisations moving over,” said the Mastodon founder Eugen Rochko&nbsp;on Tuesday. Notably, this amounts to more than 800 per cent of growth seen in recent months, the statement added.&nbsp;</p>

<p><strong>ALSO READ&nbsp;|&nbsp;<a href="https://www.wionews.com/world/mastodon-how-does-the-alternative-to-twitter-work-477593">Mastodon: How does the alternative to Twitter work?</a></strong></p>

<p>The success has consequently triggered “a land-grab for space on it from groups including browser makers, cryptocurrency advocates and other social networks”, said a report by the Guardian.&nbsp;<br />
<br />
Meanwhile, the browser maker of Firefox, Mozilla, said that it would start a Mastodon 'instance’, with the intention to contribute to the “healthy and sustainable growth of a federated social space that doesn’t just operate but thrives on its own terms, independent of profit- and control-motivated tech firms,” said Steve Teixeira, the chief product officer at Mozilla, as quoted by the Guardian.&nbsp;</p>

<p>Mozilla, which is also owned by a non-profit foundation, said that we are living through the consequences of two decades of&nbsp;“centralised, corporate-controlled social media, with a small oligopoly of large tech firms tightening their grip on the public square.” He added, “In private hands, our choice is limited, toxicity is rewarded, rage is called engagement, public trust is corroded, and basic human decency is often an afterthought.”&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/twitter-users-jump-to-mastodon-and-koo-what-are-these-social-media-platforms-531801">Twitter users jump ship to Mastodon and Koo. What are these social media platforms?</a></strong><br />
<br />
Meanwhile, Tumblr which was previously owned by Yahoo! and Verizon and was later sold to WordPress developers Automattic also witnessed a surge in the number of users and said that it will look into adding “interoperability and ActivityPub support as soon as possible.”&nbsp;</p>

<p>This is in reference to Mastodon, which also uses ActivityPub, enabling it to be compatible with a wide array of communities and allowing users to use photo sharing, podcasting and social networking all share content with each other.</p>

<p>This comes as the Twitterverse gets more and more chaotic, users have started posting links to other social media platforms in their posts which include outside platforms like Facebook, Instagram, Mastodon, Post and Truth Social, as well as third-party social media link aggregators such as linktr.ee and ink.bio.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/world/twitter-to-now-ban-users-from-posting-links-to-rival-platforms-544343">Twitter to now ban users from posting links to rival platforms</a></strong></p>

<p>This led Musk to briefly ban all links to other social media platforms and reportedly suspended user accounts who wrote their Mastodon usernames on Twitter. However, Musk in a recent interview admitted that the move was a bad idea.&nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>

<p>&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>


Since the Tesla CEO Elon Musk took over the microblogging platform, people have jumped ship. Twitter users have turned to other social media platforms and seemingly one of the most popular ones, Mastodon, has emerged as the winner.

Since the Tesla CEO Elon Musk took over the microblogging platform, people have jumped ship. Twitter users have turned to other social media platforms and seemingly one of the most popular ones, Mastodon, has emerged as the winner. Mastodon has been dubbed as an open-source, decentralised, or federated social network which allows users to construct their own networks or 'instances', this effectively gives them access and ownership of their data. The ad-free social media platform has also recently garnered some 2.5 million users. “Mastodon has recently exploded in popularity, jumping from approx. 300K monthly active users to 2.5 million between the months of October and November, with more and more journalists, political figures, writers, actors and organisations moving over,” said the Mastodon founder Eugen Rochko on Tuesday. Notably, this amounts to more than 800 per cent of growth seen in recent months, the statement added. ALSO READ | Mastodon: How does the alternative to Twitter work? The success has consequently triggered “a land-grab for space on it from groups including browser makers, cryptocurrency advocates and other social networks”, said a report by the Guardian. Meanwhile, the browser maker of Firefox, Mozilla, said that it would start a Mastodon 'instance’, with the intention to contribute to the “healthy and sustainable growth of a federated social space that doesn’t just operate but thrives on its own terms, independent of profit- and control-motivated tech firms,” said Steve Teixeira, the chief product officer at Mozilla, as quoted by the Guardian. Mozilla, which is also owned by a non-profit foundation, said that we are living through the consequences of two decades of “centralised, corporate-controlled social media, with a small oligopoly of large tech firms tightening their grip on the public square.” He added, “In private hands, our choice is limited, toxicity is rewarded, rage is called engagement, public trust is corroded, and basic human decency is often an afterthought.” ALSO READ | Twitter users jump ship to Mastodon and Koo. What are these social media platforms? Meanwhile, Tumblr which was previously owned by Yahoo! and Verizon and was later sold to WordPress developers Automattic also witnessed a surge in the number of users and said that it will look into adding “interoperability and ActivityPub support as soon as possible.” This is in reference to Mastodon, which also uses ActivityPub, enabling it to be compatible with a wide array of communities and allowing users to use photo sharing, podcasting and social networking all share content with each other. This comes as the Twitterverse gets more and more chaotic, users have started posting links to other social media platforms in their posts which include outside platforms like Facebook, Instagram, Mastodon, Post and Truth Social, as well as third-party social media link aggregators such as linktr.ee and ink.bio. ALSO READ | Twitter to now ban users from posting links to rival platforms This led Musk to briefly ban all links to other social media platforms and reportedly suspended user accounts who wrote their Mastodon usernames on Twitter. However, Musk in a recent interview admitted that the move was a bad idea. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Firefox, Tumblr support Mastodon after Twitter briefly bans users from posting links to rival platforms

<p>Tumblr trolls Twitter for its recent announcement of selling its blue check subscription to its users on an $8 per month basis. On Twitter originally, the blue checkmark was used to indicate a high-profile account from a celebrity, brand, or government official that proves its authenticity. But now Elon Musk is opening that access to all users, as long as they pay up through the newly rebuild Twitter Blue subscription.&nbsp;</p>

<p>Tumblr has been enjoying a revival, all thanks to some recent policy changes after Elon Musk took the charge of Twitter. It&nbsp;has drawn a few celebrities like Ryan Reynolds and Lynda Carter to the platform. Unlike most big social networks, Tumblr does not verify high-profile accounts’ authenticity. There was no blue checkmark or tickmark system like that of Twitter, which has caused a little confusion about the celebrity's authenticity on the platform, making it impossible to tell whether the account was real or not. Though Tumblr has made no changes to that, and, is rolling out a plan to give not only one but two checkmarks to anyone who can buy the subscription.&nbsp;</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/science/twitter-blue-paywall-advertisers-how-musk-plans-to-bring-in-more-money-532894">Twitter Blue, paywall, advertisers: How Musk plans to bring in more money</a></p>

<p>Tumblr's plan to roll out two check marks is a way of trolling Twitter by pointing out the superficial nature of the blue checkmark when anyone can buy them. Tumblr joked about the blue checkmarks saying, “Coveted status symbol, and now you can have one too—without having to be verified by Tumblr staff.”</p>

<div class="tumblr-post" data-did="977c9ce7fdabc43dd54147c23db90a3bbfcafb38" data-href="https://embed.tumblr.com/embed/post/r_BTLFg8QzTPUMVSbe3vbg/700577429121548289">
<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="tumblr-post" data-did="977c9ce7fdabc43dd54147c23db90a3bbfcafb38" data-href="https://embed.tumblr.com/embed/post/r_BTLFg8QzTPUMVSbe3vbg/700577429121548289"><a href="https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point">https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point</a></div>
<script async src="https://assets.tumblr.com/post.js"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>Tumblr also released "Important Blue Internet Checkmark Stickers" for $3 and "Important Blue Internet Checkmark Enamel Pins" for $6, both of which cost less than Twitter's blue subscription. Tumblr further jokes&nbsp;about the checkmarks on its blog saying,&nbsp;"Investing in this is investing in your future. It’s the most financially sound investment you can make this fiscal quarter. Also, as a reminder: Nothing matters! "</p>
</div>
<script async src="https://assets.tumblr.com/post.js"></script>

<p>Though, the offering from Tumblr is not entirely a joke. Users can actually pay the one-time $7.99 fee and can instantly receive two blue checkmarks, which will pop up over posts. Furthermore, Tumblr has also begun placing its own blue checkmark next to the search bar over the site, as of now, the blue checkmark is only available to Tumblr users on the web version.&nbsp;</p>

<p>Meanwhile, Twitter is still planning on rolling out its pay-for-verification subscription system. Musk initially decided to charge $20 per month for the service, which was then brought down to $8 per month.&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1  width=&quot;100%&quot;"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>

<p>&nbsp;</p>


Tumblr trolls Twitter for its recent announcement of selling its blue check subscription to its users on an $8 per month basis. On Twitter originally, the blue checkmark was used to indicate a high-profile account from a celebrity, brand, or government official that proves its authenticity.

Tumblr trolls Twitter for its recent announcement of selling its blue check subscription to its users on an $8 per month basis. On Twitter originally, the blue checkmark was used to indicate a high-profile account from a celebrity, brand, or government official that proves its authenticity. But now Elon Musk is opening that access to all users, as long as they pay up through the newly rebuild Twitter Blue subscription. Tumblr has been enjoying a revival, all thanks to some recent policy changes after Elon Musk took the charge of Twitter. It has drawn a few celebrities like Ryan Reynolds and Lynda Carter to the platform. Unlike most big social networks, Tumblr does not verify high-profile accounts’ authenticity. There was no blue checkmark or tickmark system like that of Twitter, which has caused a little confusion about the celebrity's authenticity on the platform, making it impossible to tell whether the account was real or not. Though Tumblr has made no changes to that, and, is rolling out a plan to give not only one but two checkmarks to anyone who can buy the subscription. Also Read | Twitter Blue, paywall, advertisers: How Musk plans to bring in more money Tumblr's plan to roll out two check marks is a way of trolling Twitter by pointing out the superficial nature of the blue checkmark when anyone can buy them. Tumblr joked about the blue checkmarks saying, “Coveted status symbol, and now you can have one too—without having to be verified by Tumblr staff.” https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point × Tumblr also released "Important Blue Internet Checkmark Stickers" for $3 and "Important Blue Internet Checkmark Enamel Pins" for $6, both of which cost less than Twitter's blue subscription. Tumblr further jokes about the checkmarks on its blog saying, "Investing in this is investing in your future. It’s the most financially sound investment you can make this fiscal quarter. Also, as a reminder: Nothing matters! " Though, the offering from Tumblr is not entirely a joke. Users can actually pay the one-time $7.99 fee and can instantly receive two blue checkmarks, which will pop up over posts. Furthermore, Tumblr has also begun placing its own blue checkmark next to the search bar over the site, as of now, the blue checkmark is only available to Tumblr users on the web version. Meanwhile, Twitter is still planning on rolling out its pay-for-verification subscription system. Musk initially decided to charge $20 per month for the service, which was then brought down to $8 per month. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Tumblr trolls twitter by offering double checkmarks to its users 12

<p>Tumblr trolls Twitter for its recent announcement of selling its blue check subscription to its users on an $8 per month basis. On Twitter originally, the blue checkmark was used to indicate a high-profile account from a celebrity, brand, or government official that proves its authenticity. But now Elon Musk is opening that access to all users, as long as they pay up through the newly rebuild Twitter Blue subscription.&nbsp;</p>

<p>Tumblr has been enjoying a revival, all thanks to some recent policy changes after Elon Musk took the charge of Twitter. It&nbsp;has drawn a few celebrities like Ryan Reynolds and Lynda Carter to the platform. Unlike most big social networks, Tumblr does not verify high-profile accounts’ authenticity. There was no blue checkmark or tickmark system like that of Twitter, which has caused a little confusion about the celebrity's authenticity on the platform, making it impossible to tell whether the account was real or not. Though Tumblr has made no changes to that, and, is rolling out a plan to give not only one but two checkmarks to anyone who can buy the subscription.&nbsp;</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/science/twitter-blue-paywall-advertisers-how-musk-plans-to-bring-in-more-money-532894">Twitter Blue, paywall, advertisers: How Musk plans to bring in more money</a></p>

<p>Tumblr's plan to roll out two check marks is a way of trolling Twitter by pointing out the superficial nature of the blue checkmark when anyone can buy them. Tumblr joked about the blue checkmarks saying, “Coveted status symbol, and now you can have one too—without having to be verified by Tumblr staff.”</p>

<div class="tumblr-post" data-did="977c9ce7fdabc43dd54147c23db90a3bbfcafb38" data-href="https://embed.tumblr.com/embed/post/r_BTLFg8QzTPUMVSbe3vbg/700577429121548289">&nbsp;</div>
<script async src="https://assets.tumblr.com/post.js"></script>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="tumblr-post" data-did="977c9ce7fdabc43dd54147c23db90a3bbfcafb38" data-href="https://embed.tumblr.com/embed/post/r_BTLFg8QzTPUMVSbe3vbg/700577429121548289"><a href="https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point">https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point</a></div>
<script async src="https://assets.tumblr.com/post.js"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>Tumblr also released "Important Blue Internet Checkmark Stickers" for $3 and "Important Blue Internet Checkmark Enamel Pins" for $6, both of which cost less than Twitter's blue subscription. Tumblr further jokes&nbsp;about the checkmarks on its blog saying,&nbsp;"Investing in this is investing in your future. It’s the most financially sound investment you can make this fiscal quarter. Also, as a reminder: Nothing matters! "</p>

<p>Though, the offering from Tumblr is not entirely a joke. Users can actually pay the one-time $7.99 fee and can instantly receive two blue checkmarks, which will pop up over posts. Furthermore, Tumblr has also begun placing its own blue checkmark next to the search bar over the site, as of now, the blue checkmark is only available to Tumblr users on the web version.&nbsp;</p>

<p>Meanwhile, Twitter is still planning on rolling out its pay-for-verification subscription system. Musk initially decided to charge $20 per month for the service, which was then brought down to $8 per month.&nbsp;</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1  width=&quot;100%&quot;"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>

<p>&nbsp;</p>


Tumblr trolls twitter by offering double checkmarks to its users

Tumblr trolls twitter by offering two checkmarks to its users

<p>Tumblr has trolled&nbsp;Twitter for its recent announcement of selling its blue check subscription to its users on an $8 per month basis. On Twitter originally, the blue checkmark was used to indicate a high-profile account from a celebrity, brand, or government official that proves its authenticity. But now Elon Musk is opening that access to all users, as long as they pay up through the newly rebuild Twitter Blue subscription.&nbsp;</p>

<p>Tumblr is enjoying a revival, all thanks to some recent policy changes after Elon Musk took charge of Twitter&nbsp;and has drawn few celebrities like Ryan Reynolds and Lynda Carter to the platform. Unlike most big social networks, Tumblr does not verify high-profile accounts’ authenticity. It did not have blue checkmark or tick mark system like that of Twitter, which caused a little confusion about the celebrity's authenticity, making it impossible to tell whether the account was real or not. Though Tumblr has made no changes to that, it is rolling out a plan to give not one but two checkmarks to anyone who buys the subscription.&nbsp;</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/science/twitter-blue-paywall-advertisers-how-musk-plans-to-bring-in-more-money-532894">Twitter Blue, paywall, advertisers: How Musk plans to bring in more money</a></p>

<p>Tumblr's plan to roll out two check marks is a way of trolling Twitter by pointing out the superficial nature of the blue checkmark when anyone can buy them. Tumblr joked about the blue checkmarks saying, “Coveted status symbol, and now you can have one too—without having to be verified by Tumblr staff.”</p>

<div class="tumblr-post" data-did="977c9ce7fdabc43dd54147c23db90a3bbfcafb38" data-href="https://embed.tumblr.com/embed/post/r_BTLFg8QzTPUMVSbe3vbg/700577429121548289">
<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="tumblr-post" data-did="977c9ce7fdabc43dd54147c23db90a3bbfcafb38" data-href="https://embed.tumblr.com/embed/post/r_BTLFg8QzTPUMVSbe3vbg/700577429121548289"><a href="https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point">https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point</a></div>
<script async src="https://assets.tumblr.com/post.js"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>Tumblr also released "Important Blue Internet Checkmark Stickers" for $3 and "Important Blue Internet Checkmark Enamel Pins" for $6, both of which cost less than Twitter's blue subscription. Tumblr further jokes&nbsp;about the checkmarks on its blog saying,&nbsp;"Investing in this is investing in your future. It’s the most financially sound investment you can make this fiscal quarter. Also, as a reminder: Nothing matters!"</p>
<script async src="https://assets.tumblr.com/post.js"></script>

<p>Though, the offering from Tumblr is not entirely a joke. Users can actually pay the one-time $7.99 fee and can instantly receive two blue checkmarks, which will pop up over posts. Furthermore, Tumblr has also begun placing its own blue checkmark next to the search bar over the site, as of now, the blue checkmark is only available to Tumblr users on the web version.&nbsp;</p>

<p>Meanwhile, Twitter is still planning on rolling out its pay-for-verification subscription system. Musk initially decided to charge $20 per month for the service, which was then brought down to $8 per month.&nbsp;</p>
</div>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1  width=&quot;100%&quot;"></iframe></p>

<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>

<p>&nbsp;</p>


Tumblr has trolled Twitter for its recent announcement of selling its blue check subscription to its users on an $8 per month basis. On Twitter originally, the blue checkmark was used to indicate a high-profile account from a celebrity, brand, or government official that proves its authenticity.

Tumblr has trolled Twitter for its recent announcement of selling its blue check subscription to its users on an $8 per month basis. On Twitter originally, the blue checkmark was used to indicate a high-profile account from a celebrity, brand, or government official that proves its authenticity. But now Elon Musk is opening that access to all users, as long as they pay up through the newly rebuild Twitter Blue subscription. Tumblr is enjoying a revival, all thanks to some recent policy changes after Elon Musk took charge of Twitter and has drawn few celebrities like Ryan Reynolds and Lynda Carter to the platform. Unlike most big social networks, Tumblr does not verify high-profile accounts’ authenticity. It did not have blue checkmark or tick mark system like that of Twitter, which caused a little confusion about the celebrity's authenticity, making it impossible to tell whether the account was real or not. Though Tumblr has made no changes to that, it is rolling out a plan to give not one but two checkmarks to anyone who buys the subscription. Also Read | Twitter Blue, paywall, advertisers: How Musk plans to bring in more money Tumblr's plan to roll out two check marks is a way of trolling Twitter by pointing out the superficial nature of the blue checkmark when anyone can buy them. Tumblr joked about the blue checkmarks saying, “Coveted status symbol, and now you can have one too—without having to be verified by Tumblr staff.” https://staff.tumblr.com/post/700577429121548289/okay-your-blog-looks-great-but-whats-the-point × Tumblr also released "Important Blue Internet Checkmark Stickers" for $3 and "Important Blue Internet Checkmark Enamel Pins" for $6, both of which cost less than Twitter's blue subscription. Tumblr further jokes about the checkmarks on its blog saying, "Investing in this is investing in your future. It’s the most financially sound investment you can make this fiscal quarter. Also, as a reminder: Nothing matters!" Though, the offering from Tumblr is not entirely a joke. Users can actually pay the one-time $7.99 fee and can instantly receive two blue checkmarks, which will pop up over posts. Furthermore, Tumblr has also begun placing its own blue checkmark next to the search bar over the site, as of now, the blue checkmark is only available to Tumblr users on the web version. Meanwhile, Twitter is still planning on rolling out its pay-for-verification subscription system. Musk initially decided to charge $20 per month for the service, which was then brought down to $8 per month. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Tumblr trolls Twitter by offering two checkmarks for the price of one, for just one-time payment

<p>Tumblr founder and CEO David Karp is resigning from the microblogging and social networking website &quot;Tumblr&quot;.</p>

<p>He created the company ten years ago, at the age of 20.&nbsp;</p>

<p>Karp announced his resignation in a memo that he sent to his employees.</p>

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">Letter I just sent to my team &hearts;? <a href="https://t.co/3Vsv3ROuhf">https://t.co/3Vsv3ROuhf</a></p>
&mdash; David Karp (@davidkarp) <a href="https://twitter.com/davidkarp/status/935216243262574595?ref_src=twsrc%5Etfw">November 27, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">&times;</a></div>

<p>The memo read &quot;It is truly overwhelming to write those words. But I have the comfort of knowing I leave Tumblr in better than my own....I look back with so much pride. At a generation of artists, creators, curators and crusaders that have redefined our culture, and who have helped to empower. There are no words, though, that can express how sincerely grateful I am for the privilege of working with you.</p>

<p>I beg you to understand that my decision comes after months of reflection on my personal ambitions and at no cost to my hopefulness for Tumblr&#39;s future or the impact I know it can have.&quot;</p>

<p>His position will be taken by Tumblr COO Jeff D&#39;Onofrio.</p>

<p>Karp will step down at the end of the year.</p>

<p>The microblogging and social networking website&nbsp;allows&nbsp;a platform to users where they can post multimedia and other content to a short- form blog.&nbsp;</p>

<p>The site is owned by Oath Inc.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

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<p>&nbsp;</p>

<p>&nbsp;</p>


His position will be taken by Tumblr COO Jeff D'Onofrio

Tumblr founder and CEO David Karp is resigning from the microblogging and social networking website "Tumblr". He created the company ten years ago, at the age of 20. Karp announced his resignation in a memo that he sent to his employees. Letter I just sent to my team ♥? https://t.co/3Vsv3ROuhf — David Karp (@davidkarp) November 27, 2017 × The memo read "It is truly overwhelming to write those words. But I have the comfort of knowing I leave Tumblr in better than my own....I look back with so much pride. At a generation of artists, creators, curators and crusaders that have redefined our culture, and who have helped to empower. There are no words, though, that can express how sincerely grateful I am for the privilege of working with you. I beg you to understand that my decision comes after months of reflection on my personal ambitions and at no cost to my hopefulness for Tumblr's future or the impact I know it can have." His position will be taken by Tumblr COO Jeff D'Onofrio. Karp will step down at the end of the year. The microblogging and social networking website allows a platform to users where they can post multimedia and other content to a short- form blog. The site is owned by Oath Inc.

Tumblr founder David Karp resigns from company

Yahoo Inc&#39;s quarterly earnings fell short of Wall Street expectations on Monday in what may be the company&#39;s last financial report before it sells its core business.<br />
<br />
Yahoo reported adjusted earnings of 9 cents per share, short of the 10 cents that analysts expected. It also announced a $482 million write-down on the value of Tumblr, the social media service that it acquired in 2013 for $1.1 billion.<br />
<br />
Yahoo is in the process of auctioning off its search and advertising business, and is expected to choose a winner this week. The company said its board has made &quot;great progress on strategic alternatives&quot; but did not comment further on the auction process.<br />
<br />
Verizon Communications Inc and AT&amp;T Inc are said to be in the running to acquire the core business, along with private equity firm TPG Capital and a consortium led by Quicken Loans founder Dan Gilbert and backed by billionaire Warren Buffett.<br />
<br />
Yahoo also owns large stakes in Chinese ecommerce giant Alibaba and Yahoo Japan, which are worth far more than the company&#39;s internet business.<br />
<br />
Monday&#39;s earnings report showed the continued slide in Yahoo&#39;s business during the protracted sale process. After the Tumblr write-down, the company posted a net loss of $439.9 million, or 46 cents per share, compared with a loss of $21.6 million, or 2 cents per share, a year earlier.<br />
<br />
Although total revenue rose to $1.31 billion from $1.24 billion a year earlier, the seeming improvement was the result of a change in the way the cost of acquiring traffic is counted. After deducting fees paid to partner websites for traffic, revenue fell to $841.2 million from $1.04 billion.<br />
<br />
Estimating that Tumblr is worth &quot;nothing&quot; at this point, Ross Gerber, cofounder and CEO of Gerber Kawasaki Wealth and Investment Management, said potential buyers were likely bidding lower than Yahoo believes it is worth.<br />
<br />
&quot;I can&#39;t imagine why the sale process is taking so long, the only thing I can think of is it&#39;s being overpriced. This report doesn&#39;t further create an impression that paying up for these assets has any value,&quot; Gerber said.<br />
<br />
Revenue in the company&#39;s emerging businesses, which Chief Executive Officer Marissa Mayer calls Mavens- mobile, video, native and social advertising , showed some life, rising 25.7 per cent to $504 million in the second quarter ended June 30.<br />
<br />
But the improvement in Mavens was offset by decreases in gross search revenue that is only expected to get worse, said B. Riley &amp; Co analyst Sameet Sinha. Gross search revenue for the quarter was $765 million, down 17 percent from the same period last year.<br />
<br />
&quot;This is supposed to be the growth engine of the company, and at best it was up slightly year over year. That shows that even in high-growth categories like mobile and native they&#39;re losing their search impact,&quot; he said.<br />
<br />
JMP Securities analyst Ronald Josey said search revenues are a significant portion of Yahoo&#39;s overall revenues and their continued decline could definitely be a factor in the sale negotiations.<br />
<br />
&quot;If search continues to decline as much as it has, that&#39;s something that&#39;s going to be called into question,&quot; he said.<br />
<br />
In a conference call, Yahoo Chief Financial Officer Ken Goldman touted the company&#39;s cost-cutting efforts.<br />
<br />
&ldquo;Through excellent expenditure management of cost and capital, we achieved above the high-end of our guidance on adjusted EBITDA and significantly increased cash flow,&rdquo; he said, referring to earnings before interest, taxes, depreciation and amortisation.<br />
<br />
Yahoo&#39;s shares were little changed at $37.92 in trading after the bell.<br />
<br />
(Reuters)<br />
<br />
&nbsp;

Yahoo announced a $482 million write-down on the value of Tumblr, the social media service that it acquired in 2013 for $1.1 billion

Yahoo Inc's quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business. Yahoo reported adjusted earnings of 9 cents per share, short of the 10 cents that analysts expected. It also announced a $482 million write-down on the value of Tumblr, the social media service that it acquired in 2013 for $1.1 billion. Yahoo is in the process of auctioning off its search and advertising business, and is expected to choose a winner this week. The company said its board has made "great progress on strategic alternatives" but did not comment further on the auction process. Verizon Communications Inc and AT&T Inc are said to be in the running to acquire the core business, along with private equity firm TPG Capital and a consortium led by Quicken Loans founder Dan Gilbert and backed by billionaire Warren Buffett. Yahoo also owns large stakes in Chinese ecommerce giant Alibaba and Yahoo Japan, which are worth far more than the company's internet business. Monday's earnings report showed the continued slide in Yahoo's business during the protracted sale process. After the Tumblr write-down, the company posted a net loss of $439.9 million, or 46 cents per share, compared with a loss of $21.6 million, or 2 cents per share, a year earlier. Although total revenue rose to $1.31 billion from $1.24 billion a year earlier, the seeming improvement was the result of a change in the way the cost of acquiring traffic is counted. After deducting fees paid to partner websites for traffic, revenue fell to $841.2 million from $1.04 billion. Estimating that Tumblr is worth "nothing" at this point, Ross Gerber, cofounder and CEO of Gerber Kawasaki Wealth and Investment Management, said potential buyers were likely bidding lower than Yahoo believes it is worth. "I can't imagine why the sale process is taking so long, the only thing I can think of is it's being overpriced. This report doesn't further create an impression that paying up for these assets has any value," Gerber said. Revenue in the company's emerging businesses, which Chief Executive Officer Marissa Mayer calls Mavens- mobile, video, native and social advertising , showed some life, rising 25.7 per cent to $504 million in the second quarter ended June 30. But the improvement in Mavens was offset by decreases in gross search revenue that is only expected to get worse, said B. Riley & Co analyst Sameet Sinha. Gross search revenue for the quarter was $765 million, down 17 percent from the same period last year. "This is supposed to be the growth engine of the company, and at best it was up slightly year over year. That shows that even in high-growth categories like mobile and native they're losing their search impact," he said. JMP Securities analyst Ronald Josey said search revenues are a significant portion of Yahoo's overall revenues and their continued decline could definitely be a factor in the sale negotiations. "If search continues to decline as much as it has, that's something that's going to be called into question," he said. In a conference call, Yahoo Chief Financial Officer Ken Goldman touted the company's cost-cutting efforts. “Through excellent expenditure management of cost and capital, we achieved above the high-end of our guidance on adjusted EBITDA and significantly increased cash flow,” he said, referring to earnings before interest, taxes, depreciation and amortisation. Yahoo's shares were little changed at $37.92 in trading after the bell. (Reuters)

Yahoo reports lacklustre results as sale looms

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