Tumblr isn't doing as well as Yahoo expected

Yahoo had high hopes for Tumblr when it bought the blogging platform for $1.1 billion in 2013, but it hasn't lived up to its expectations. The troubled company has lowered its valuation to $760 million, down $230 million from its previous $990 million value (Yahoo only snapped up Tumblr for over a billion due to its liabilities). Marissa Mayer and her colleagues expected the startup to boost its userbase to a billion. While that did eventually happen over...
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