3 ms·
Yep. Purchased in 2013 for $1.1B, sold in 2019 for <$3M. More than 99.7% value lost. [1] https://en.wikipedia.org/wiki/Tumblr https://en.wikipedia.org/wiki/Tum
by larkeith 7y ago
Yep. Purchased in 2013 for $1.1B, sold in 2019 for <$3M. More than 99.7% value lost.
[1] https://en.wikipedia.org/wiki/Tumblr https://en.wikipedia.org/wiki/Tumblr
- lonelappde 7y agoMost of that was an absurd overvaluation followed by smothering to death by titan of industry Marisa Mayer, who can always be relied on to lose a billion dollars if there's $10milliom in it for her.