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…

How many times can you confirm a piece of news? One more time! Yahoo's Marissa Mayer just announced the $1.1 billion deal over conference call and cheeky GIF-enabled press release. Yes, more ads are coming to Tumblr.

Super-local news isn't paying what they thought it would, and Patch continues to implode. Today is a bloodletting day.

That didn't take long! Last Wednesday, Bang with Friends—the app that lets you find which of your Facebook friends are down to bone—released an iPhone and Android version of the service. But Apple has already booted it out. Cofounder and CEO Colin Hodge told Valleywag that he's working with Apple to get the app, which…

IPO price: $38. Today's price: $26.

Former Groupon chief Andrew Mason is either having a nervous breakdown or a spiritual reawakening: "I spent a week in LA earlier this month recording Hardly Workin', a seven song album of motivational business music targeted at people newly entering the workforce."