Peter Kafka

Recent Posts by Peter Kafka

Yahoo Buying Tumblr? “Categorically Untrue.”

Dear Owen Thomas,

You owe me. I had to get off my sickbed today to call David Karp, the CEO of Tumblr, and ask him if he really was in talks to sell his company to Yahoo (YHOO), as you reported today on Gawker/Valleywag. For the record, David says your report is “categorically untrue.”

I’d spend more time discussing it, but, as I said, I’m feeling under the weather. And your story is not true. So here’s what Karp has to say via his Tumblr account.

And here’s what Marco Arment, who helped start Tumblr with Karp a couple of years ago, says:


And here’s what venture capitalist Bijan Sabet, whose Spark Capital helped raise a $4.5 million round for Tumblr last year, says via his Twitter account:

Now I’m going to return to my convalescing. Please give me a break for another day or so.

[Image Credit: Library of Congress via Flickr]


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work