Tumblr Yahoos! Old Dog, New Blog
NEW YORK (MainStreet)--Until today, Jim Cramer thought Tumblr was a kind of drinking glass. So when Yahoo!
Yahoo! has been on a tear recently after March's $30 million acquisition of Nick D'Aloisio's Summly, a news summary app,in addition to other pick-ups like social recommendation company Jybe and GoPollGo.
Some of these acquisitions give Yahoo! extra programming and strategy talent, and in part, Yahoo! is playing a keep-your-enemies-closer tactic by acquiring potential competitors in the mobile space. There are even rumors that Yahoo! will aim for Hulu next.
Given that Karp didn't pull a Zuckerberg and remain independent from being bought, this acquisition may be as much an abdication as a victory. Of course, he'll be micro-blogging all the way to the bank.