Story of Tumblr – level 2
Tumblr is a blog site which has had a reputation as a home to all kinds content, including explicit content. This site was extremely popular, and Yahoo bought it for $1.1 billion in 2013.
In 2017, Verizon bought Yahoo (and Tumblr with it) and made changes. Verizon banned all pornographic content from the site and put ads on Tumblr. The users did not like the changes, and Tumblr lost over 99% of its value. Automattic bought it recently for as little as $3 million.
Automattic said that it will not allow adult content on Tumblr. While Automattic owns both Tumblr and WordPress, which is another blog site, it said that it will not turn them into one platform.
You can watch the original video in the Level 3 section.
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