Verizon reportedly seeking to sell Tumblr

Verizon reportedly seeking to sell year’s decision to ban porn from its platform has had a marked adverse effect on Tumblr’s traffic. Tumblr was rolled up into the short-lived Oath business, which has since been rebranded as the much more straightforward Verizon Media Group. As the piece notes, Tumblr ultimately failed to be the money-maker Yahoo and Verizon were hoping for, exacerbated by the fact that other social media properties have since taken some of the wind out of the company’s sails.

Source: techcrunch.com