I'll Tumbl For You
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.
Memories Earlier this week, Thrillist CEO Ben Lerer sat down to a breakfast at Balthazar (as one does). There he was, (presumably) minding his own business, when out of nowhere a pain au chocolat arrived with an ominous note on the house stationary: “I Know What You Did In Reykjavik.” The author signed the note with only a question mark.
It’s been one year since Marissa Mayer was installed as Yahoo!’s CEO but aside from a reversal in stock (that’s up 70 percent), critics charge that there hasn’t been much of a turnaround. [Wall Street Journal]
Gowalla cofounder Josh Williams is soon leaving Facebook to work on a new startup. [AllThingsD]
Apple is supposedly creating some elaborate ad-skipping television technology that would compensate media companies. [Jessica Lessin]
Shipments of Google Chromebooks could spike in the latter half of the year because of “weak demand” for Windows-powered machines. [CNET]
Hackers can tap into Verizon cellphones for $300. [NPR]
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.
Mini Martha and ex-Googler Brit Morin is expanding her arts and crafts empire with a fresh $6.3 million Series A, according to Business Insider. Ms. Morin, who’s married to Path cofounder Dave Morin and is known for creating colorful drawings on restaurant table cloths, raised the round from a number of bold-faced names, including Lerer Ventures and Marissa Mayer.
Yahoo for Yahoos
As part of her attempt to drag Yahoo into the twenty-first century, kicking and screaming if necessary, CEO Marissa Mayer is heavily emphasizing mobile. (Because duh.)
But according to the New York Post, Ms. Mayer’s priorities have created a kind of class system within the Sunnyvale-based company. “It’s a bit of a have and have-nots situation,” according to one anonymous source.
The Post reports:
Is Vine going to run into the same legal headaches as early hip hop? [GigaOm]
Searching for a framework to explain the conflict between wearable tech pros and opponents, Nick Bilton went with Dr. Seuss. [New York Times]
“They want teenage kids posting up all the stupid duck face photos that they litter Instagram and Facebook with. Because those teen kids, are ad revenue.” [Infinite Hollywood]
Speaking of Yahoo: The company has bid somewhere between $600 and $800 million for Hulu, because Marissa Mayer’s apparently got money burning a hole in her pocket. [AllThingsD]
The Internship is weird. ”Google needs that now. This movie could help keep them out of the penalty box a little while longer.” [L.A. Times]
Mo' Acqusitions Mo' Problems
Apparently owning cutesy GIF factory Tumblr is just not enough to slake the thirst of Yahoo! CEO Marissa Mayer. AllThingsD reports that the aging Valley giant made a bid to acquire Hulu this morning, just days after spending $1.1 billion (ca$h money) to buy Tumblr.
I'll Tumbl For You
Chief Yahoo Marissa Mayer looked pretty damn chipper as she took the stage in a small room overlooking Times Square, late yesterday afternoon.
Technically, the press had gathered for the announcement of a revamped Flickr. (It’s biggr! It’s spectaculr!) An entire lounge had been papered over with giant images pulled from the service, and in the square below a mob of T-shirt-wearing fans/paid actors were jumping up and down and hollering and waving Flickr signs in celebration.
But with David Karp slouched in the front row, it was clear this was about more than the addition of full-bleed photos to a decade-old service.
You could wrap yourself in a grey hoodie, but there’s no way to avoid the David Karp-Marissa Mayer PR charm offensive. Taking a breaking from reading US Weekly to moms, ABC News’ Good Morning America had the pair on earlier today to discuss their “match made in digital heaven.” Anchor George Stephanopoulos breathlessly proclaimed the $1.1 billion deal “could change” the way we use the Internet and labeled Mr. Karp as a “hipster high school dropout” before introducing them for an in-studio interview.