Tumblr Rocks, but $800m Valuation?
I use Tumblr all the time, in fact this blog runs on Tumblr. WSJ reported an $85 million investment from a series of investors including Sir Richard Branson. According to insiders, this puts the value of the company around $800 million.
Apparently there are 30 million blogs on Tumblr now, an impressive number. No wonder my blog slows down at times during the day, especially in the evening.
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