Despite all the excited shouting, there's nothing particularly cheerful about Yahoo's maternal adoption of David Karp. Users are whining, investors are disappointed, pundits are ever-unimpressed, and Karp just gave up the future of his life's work for a bailout.

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Seamless and GrubHub, two nearly identical online food-ordering companies whose business model consists of providing a service that is already available for free, announced Monday that they would be merging into one giant online food-ordering hydra. The new company, which has not yet settled on a name, will enable and promote social anxiety in 500 U.S. cities by eliminating the traumatic element of "human verbal interaction" from pizza delivery. The co-founder and CEO of GrubHub will serve as the CEO of the new Sterling Cooper Draper Seamless Grubhub. The CEO of Seamless will serve as president. If your cat dies, the new organization will probably start a twitter fight with you about it.

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Source: Tumblr Made Even Less Money Than Reported Last Year

As Yahoo and Tumblr remembered the nineties by negotiating their deal in the press, almost every acquisition report quoted the same figure, first reported by Forbes in January: Tumblr made $13 million in revenue in 2012, with the "hope" that it would get to $100 million in 2013. But a source familiar with the company…

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It's (Mostly) Official: Yahoo Buying Tumblr Youth Serum for $1.1B

Cash! The WSJ says "the Yahoo board has approved a deal" to make this happen, and it's hard to imagine Tumblr turning this down. One of the most unpopular companies in the world will soon own one of the most popular in history, and we'll all find out if you really can buy cool.

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Tumblr: Still Full of Porn, Self-Mutilation, and Eating Disorders

Two years ago, Tumblr's overabundance of porn was well-documented. Today, nothing has changed: it's still a JPEG sex bonanza. Which is A-OK with us—but what would Yahoo do about the blowjobs, wrist-slitting, racism, and other advertising-unfriendly stuff?

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