Tumblr founder and CEO David Karp is resigning from the microblogging and social networking website &quot;Tumblr&quot;.

He created the company ten years ago, at the age of 20.&nbsp;

Karp announced his resignation in a memo that he sent to his employees.

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Letter I just sent to my team &hearts;? <a href="https://t.co/3Vsv3ROuhf">https://t.co/3Vsv3ROuhf</a>
&mdash; David Karp (@davidkarp) <a href="https://twitter.com/davidkarp/status/935216243262574595?ref_src=twsrc%5Etfw">November 27, 2017</a></blockquote>
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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.

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;

His position will be taken by Tumblr COO Jeff D&#39;Onofrio.

Karp will step down at the end of the year.

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;

The site is owned by Oath Inc.

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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

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Tumblr founder David Karp resigns from company