Yahoo! Buys Tumblr for $1 Billion

Yahoo! Inc. has purchased the micro blogging site Tumblr for $1 billion. The deal finalized on Sunday May 19, 2013. Tumblr's founder David Carp has become America's next tech tycoon. Experts consider $1 billion a high price for Tumblr as Tumblr generated just 13$ million in 2012. Yahoo's new CEO Marissa Mayer believes that this deal will proved to be profitable for her company.

Tumblr was founded by David Carp in back 2007. The site provides blogging platform for more than 100 million users from all over the world. Tumblr stands among top blogging platforms of the world and provides free powerful blog hosting for bloggers. Now it will be interesting to see how Yahoo manages the services in upcoming days.

26 years old David Carp, the founder of Tumblr, is happy that he has earned a lot of money quickly. He became the next Tech tycoon of US when Yahoo's board of directors agreed to buy Tumblr on May 19, 2013. 
License: CreativeCommons Author: davidville Source: Flickr
Tumblr is loved by bloggers for its simple and clean interface and easy customizations. The platform allows bloggers with basic computer operating skills to create and run a blog in minutes. The current stats at Tumblr show that 108.5 million blogs are hosted with 50.9 billion posts.

Are you among those bloggers who are using Tumblr for their blogging passion? If yes, then how you are seeing the future of Tumblr and your blog? What do you expect from Yahoo? How can the service grow? Don't forget to leave your response as Tumblr's owners are changing and its future may also change.