The Start-Up Ride Stops Here

Janet Manley - McSweeney's · 05/23/13 09:14AM

Come in, close the floating glass door behind you and take a seat on the purple mitt chair. Laugh and high-five me as I tell you this: After a period of exponential growth from a single formica table into the hall of mirrors you find before you, the company has to rightsize.

Tumblr Has No Idea How to Handle Porn

Sam Biddle · 05/22/13 12:44PM

Yahoo CEO Marissa Mayer is plowing through a media tour with her newly adopted internet son David Karp. On everyone's mind is how Tumblr will reconcile its vast collection of rape porn GIFs with tween-friendly advertising—and the duo doesn't have much of an answer.

Digg Teases Haters with Passive-Aggressive Cocktail

Sam Biddle · 05/22/13 10:19AM

A staple of the Gilded Age 2.0 startup party, beyond custom stickers and a GIF photo booth, is the novelty cocktail. At last night's "Shin Digg" (get it?) in New York, the chic aggregator was serving gin-based middle fingers to one of its vocal critics.

Apple's Dodging Billions in Taxes with Irish Loophole

Sam Biddle · 05/20/13 07:56PM

If you run one of the most massive operations in the history of modern capitalism, here's a handy tip: funnel your money to Ireland with a series of shell companies, and you'll pay a tax rate of two percent. It's saved Apple $74 billion over the past three years.

Tumblr Is Keeping the Porn

Sam Biddle · 05/20/13 05:08PM

If you enjoy Tumblr's extensive selection of rape fantasy, underage girls, and women having sex with a variety of fauna, good news: Marissa Mayer just said she's keeping Tumblr NSFW.

With Cash Running Out, Tumblr Already Planned on Showing In-Stream Ads

Nitasha Tiku · 05/20/13 03:54PM

Business Insider got its hands on a pitch deck from Tumblr that promises brands will be "front and center" through in-stream ads that look like normal posts, as opposed to David Karp's insistence on restricting ads to only the "Radar" and "Spotlight" sections of the platform. But upset otherkins don't have Yahoo to blame.

Tumblr and Yahoo: Everyone's Rich and Everyone Loses

Sam Biddle · 05/20/13 02:58PM

Despite all the excited shouting, there's nothing particularly cheerful about Yahoo's maternal adoption of David Karp. Users are whining, investors are disappointed, pundits are ever-unimpressed, and Karp just gave up the future of his life's work for a bailout.

Nitasha Tiku · 05/20/13 01:59PM

One reason there aren't enough H-1B visas for foreign software engineers? They have to compete with fashion models. Bloomberg says models are twice as likely to get their visas as programmers—proving that no matter where you're from, life is just like high school.

Source: Tumblr Made Even Less Money Than Reported Last Year

Nitasha Tiku · 05/20/13 09:44AM

As Yahoo and Tumblr remembered the nineties by negotiating their deal in the press, almost every acquisition report quoted the same figure, first reported by Forbes in January: Tumblr made $13 million in revenue in 2012, with the "hope" that it would get to $100 million in 2013. But a source familiar with the company told Valleywag that Tumblr's actual revenue (not bookings) in 2012 was less than $5 million.