Yahoo Overpays for Tumblr
Joshua Kim ,
Ignatia Webs,
May 21, 2013
It's all over the news today of course but this headline best captures my own thoughts about the matter (though I confess that another story - expressing surprise that Yahoo had a billion dollars - was a close second). Kim writes, "the fact that Yahoo's leadership is so smart, experienced, and hard working that makes bone headed acquisitions such as Yahoo buying Tumblr for $1.1 billion so instructive for those of us involved in trying to change higher ed." The lessons? We shouldn't be fooled by our own rhetoric, we should get outside opinions, and we should avoid being tempted by shortcuts. Meanwhile, I guess the exodus is on over at Tumblr (how many heartbreaks before people lean to create communities online that can't be bought?).
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