The Year Observed

Oh, Snapchat! And 2013’s Other Tech Winners and Losers

Buddies! Yahoo CEO Marissa Mayer and Tumblr founder David Karp. (Photo: EMMANUEL DUNAND/AFP/Getty Images)

Snapchat’s Staying Power

Despite being a picture-messaging app whose missives disappear in seconds, Snapchat made clear that it wants to stay on the tech scene for years to come.

Invented by fraternity brothers at Stanford University in 2011, the start-up is still profitless, but it hasn’t lacked for buzz in 2013—or controversy. In February, Snapchat achieved the ultimate start-up status symbol by being embroiled in a lawsuit by a spurned frenemy named Reggie Brown. He claimed that founders Evan Spiegel and Bobby Murphy stole the idea from him, in a Social Network-esque lawsuit. Read More

I'll Tumbl For You

David Karp Wants to Talk About Drones, Not Boring Stuff Like ‘How We Run the Company’

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This week’s New York is a roundup of “brands” that have boomed since the 2008 crash, which can also be read as a bleak treatise on our dystopian age. (Imagine a world where the best economic prospect for a single mom working at Red Lobster is a deformed cat… who becomes a star!) Among the honorees: Tumblr, of course.

The mag sat down with the site’s freshly flush young founder and discovered that he is not shy about letting you see that he is so, so bored right now: Read More

Oh You Fancy Huh?

David Karp Has a Fancy New Loft in Williamsburg and It Is ‘Mildly Steampunk’

do u like my cool new house (Photo: Getty)

Everybody praise Tumblr founder David Karp, for he has managed to complete a bajillion dollar renovation on a stunning Williamsburg loft, all the while avoiding the tacky Star Trek vision that most people conjure when picturing the abode of a tech founder. That is the takeaway from a design story in the New York Times, which spotlights Mr. Karp’s recently completed spacious loft apartment in the heart of South Williamsburg. Read More

I'll Tumbl For You

When Yahoo Swooped In, Tumblr Was Down to $16.6M in the Bank

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Now that Tumblr’s been welcomed into Yahoo’s purple bosom, David Karp’s days of wheedling venture capitalists are over. If the company hadn’t sold, though, Mr. Karp would’ve been doing a lot of door-knocking with his hat out, because it turns out the company had just $16.6 million left at acquisition. (It’s also a question just how much ads were bringing in.)

Pretty sure there are rinky-dink jungle airstrips with longer runways. Read More

shameless rumormongering

Rumor Roundup: Tumblr Takes Over NASDAQ and Jack Dorsey Will Sell You This Pencil Sketch for $1,000

Art. (Photo: Squareup.com/Jack Dorsey)

Jack of all trades If you recently moved to a new apartment and are looking for some non-Ikea works to spruce up the place, Twitter cofounder and Square CEO Jack Dorsey has just the item for you. The creative Mr. Dorsey has put a pencil drawing he did up for sale on Square’s marketplace. For just $1,000, you can own a 4-panel pencil sketch of a gingko leaf, appropriately signed by “@jack.” But you might want to wipe that sneer off your face: the proceeds go directly to Charity:Water, so we don’t think Mr. Dorsey will be launching a personal moneymaking venture as an artist anytime soon. Read More

I'll Tumbl For You

David Karp’s in Cannes, Partying With Diddy and Calling Rivals’ Practice ‘Gross’

Golden boy. (Photo by Jemal Countess/Getty Images)

Right now the “Cannes Lions International Festival of Creativity,” which is of course a big cushy self-congratulatory bash for advertisers, is in full swing. And so Tumblr founder/apparent Mad Men devotee David Karp is in town, wooing potential clients.

He took the time to toot Tumblr’s own horn and trash its rivals. The Guardian reports that in a seminar, he condemned follower counts (you listening, Twitter?), which he finds just so déclassé: Read More