Off the cusp, $1.1 billion seems like a staggering amount of money to pay for yet another content hub. My gut is screaming that this is sure to go down as a hor

Off the cusp, $1.1 billion seems like a staggering amount of money to pay for yet another content hub. My gut is screaming that this is sure to go down as a horrible waste of capital. Yahoo has much stronger footing in open source than many other companies. They still have a vague sense of coolness about them, and I feel they're pissing away a ton of money for no reason here. First they prevent employees from working at home, stomping out what could've blossomed into at the very least a novel and progressive work model. Now a billion for tumblr. What in the actual fuck are they thinking? What is the long term strategy here for Yahoo? They'd get more out of their money by selecting 1,000 open source projects on GitHub at random, and investing $1M into each.