Marissa Mayer says Yahoo ought to’ve purchased Netflix or Hulu, not Tumblr, throughout her time as CEO.
“We checked out a transformative acquisition, and we purchased Tumblr,” Mayer stated in an interview with Tech Brew. “On the identical time, we have been additionally contemplating whether or not it was potential to purchase Hulu or, satirically, Netflix. And I believe Netflix was $four billion and Hulu was at $1.three billion on the time. And both of these, with hindsight being 20/20, would have been a greater acquisition.”
Yahoo paid $1.1 billion for Tumblr in 2013 however struggled to make sense of the platform amongst its different media efforts. The firm began bringing advertisements to Tumblr and pushed staff to fulfill unrealistic gross sales objectives. In 2016, Yahoo wrote down Tumblr’s worth by $230 million….