Here we are again. Yahoo buying tumblr for $1.1 billion cash, the company is spending Tens of millions of dollars and only had $13 million in revenue and is valued at over $1 billion dollars. What the fuck is wrong here, everything. Yahoo making a stupid decision to jump into another area they feel they missed out on just like buying flikr and losing out to instagram ....yahoo thinks they can buy talent yet all they do is buy into hype....yahoo over paid by hundreds of millions of dollars and you can thank BUBBLE ben bernanke for the cheap money he is pumping the system with that is valuing these companies at such ludicrous prices. This company is worth no more than $50 million at most ..... http://mobile.nytimes.com/2013/05/20/technology/yahoo-to-buy-tumblr-for-1-1-billion.html Yahooâs board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, people with knowledge of the agreement said on Sunday.The deal, sealed at a meeting of Yahooâs board, is expected to be announced as soon as Monday, said one of the people, who was not authorized to speak ahead of the announcement.The acquisition is the biggest yet under Yahooâs chief executive, Marissa Mayer, as she tries to reinvent the once-embattled Web pioneerâs fortunes. Under her, the company is seeking to make up for years of missing out on the growing use of social networks and mobile devices.Buying Tumblr, which was founded in 2007 by David Karp, who is 26, is intended to help address that shortfall. A number of well-known tech founders dropped out of college before making millions from their start-ups, but Mr. Karp didnât even make it out of high school, dropping out at age 15.The deal marks Yahooâs seventh acquisition since Ms. Mayer took the helm last year. Starting in July, she began acquiring small start-ups, including OnTheAir, an online video service; Propeld, a maker of location-based apps; and Summly, a newsreading mobile app. In most cases, the acquisitions were made more for the engineering talent than for the products.