In the slow battle between humankind's love of porn and Tumblr's need to somehow make money, we find ourselves in a sort of ceasefire: boobs can stay, but they won't be easy to find. Caught in the armistice are plenty of inoffensive things. Why can't I search for #gay on my phone, but it's easy to find naked teens?
David Karp, the proud new owner of generational wealth (despite 2012 revenues of less than $5 million), is in France this week making some new best amis! At the Cannes Lion International Festival of Creativity—a posh back-patting bonanza designed to make advertisers feel special—Karp took the main stage, only to throw his employees under the bus:
After high school dropout David Karp turned Tumblr into a $250 million payout from Yahoo, lots of parents around the world are probably looking to duplicate the recipe. Here's part of it: let your kid have and do whatever they want.
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 told Valleywag that Tumblr's actual revenue (not bookings) in 2012 was less than $5 million.
Tumblr founder David Karp's abrupt farewell to his Storyboard team earlier this month was so disingenuous, so thick with noxious doublespeak, that it hardly seemed real. That's because it wasn't: Storyboard's ousted leader ghost-wrote the news of his own firing because Karp wouldn't (or couldn't) do it. What's sweeter than making a fool of your boss on the way out?