On May 16th, 2013, the tech news site AllThingsD reported that Yahoo! may be seeking to acquire Tumblr for as high as $1 billion, citing multiple anonymous sources that are close to the situation. It was celebrated with a script raining confetti on a user's dashboard. On September 9th, 2011, the 10 billionth Tumblr post was made. They’re the worst platforms.” Tumblr, says Mr. Artists and producers have YouTube, and musicians are relegated to MySpace. “Before that we were thinking students and young people, but it’s much easier to target an adult who wants to express themselves online. “Right now, we’re going after artists,” said Mr. In the Observer interview, Karp acknowledged that they were targeting a young demographic: According to an article by The New York Observer from January 15th, 2008, the name was inspired by the word "tumblelog", a term for micro-blogging that Karp discovered when he was 19. The site was founded in 2007 and was originally funded by Karp's personal earnings as a software consultant for the parenting site UrbanBaby.
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