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A comment on Discontinuing Support for NSFW Imgur r/subsections Associated with Reddit. Parent comment

Re:Discontinuing Support for NSFW Imgur r/subsections Associ... by loktarogar on Friday October 18, 2019 @12:11PM (#21292580)
Tumblr wiped off half their value by doing that.
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Re:Discontinuing Support for NSFW Imgur r/subsections Associ... by monocasa on Friday October 18, 2019 @01:21PM (#21293226)
More than half, didn't they sell for $3M or something absurd?
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Re:Discontinuing Support for NSFW Imgur r/subsections Associ... by larkeith on Friday October 18, 2019 @05:44PM (#21295330)
Yep. Purchased in 2013 for $1.1B, sold in 2019 for <$3M. More than 99.7% value lost.

[1] https://en.wikipedia.org/wiki/Tumblr

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Re:Discontinuing Support for NSFW Imgur r/subsections Associ... by lonelappde on Saturday October 19, 2019 @04:23AM (#21297456)
Most of that was an absurd overvaluation followed by smothering to death by titan of industry Marisa Mayer, who can always be relied on to lose a billion dollars if there's $10milliom in it for her.
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