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I really wonder what the ultimate fate of Flickr and Tumblr will be, especially the latter since the acquisition was deemed "essentially worthless" lol
by pram 9y ago
I really wonder what the ultimate fate of Flickr and Tumblr will be, especially the latter since the acquisition was deemed "essentially worthless" lol
- simonsarris 9y agoFor some context to pram's comment, by essentially worthless he's referring to how Yahoo recently completely wrote off Tumblr's goodwill value from when they acquired it, which was most of the purchase price. In other words, Yahoo paid a premium because they thought Tumblr had a lot of potential, then... wrote it off. https://en.wikipedia.org/wiki/Goodwill_(accounting) https://en.wikipedia.org/wiki/Goodwill_(accounting) For more context see: 2013 talk of 75% value being goodwill: http://money.cnn.com/2013/08/09/technology/yahoo-tumblr-goodwill/index.html http://money.cnn.com/2013/08/09/technology/yahoo-tumblr-good... Then 2016 writedown: http://gizmodo.com/yahoos-latest-earnings-report-basically-confirms-that-t-1783873667 http://gizmodo.com/yahoos-latest-earnings-report-basically-c...
- notfromhere 9y agoim sure david karp isn't complaining