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Verizon Sells Tumblr to WordPress Owner

By Tom Dotan
· · Source: Axios

Verizon has unloaded Tumblr to Automattic Inc., the owner of online publishing software maker WordPress. The report from Axios says Automattic paid a micro price for the microblogging site—less than $20 million. When Yahoo bought the company in 2013 it paid upwards of $1 billion. But Yahoo floundered in the following years and sold to Verizon in 2017. Now, with Verizon increasingly looking...

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Accepting Kickbacks, Publishers Are Playing Into Tech Companies’ Hands
By Jessica E. Lessin · Sept. 19, 2020 8:00 AM PDT

For years, news publishers have been clamoring for Facebook, Google and Apple to pay for the news content that gets distributed through their services. Well, they have gotten what they wished for—sort of. And it’s troubling news.

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