Yesterday, prominent Yahoo! employee David Karp told his team at Tumblr that Derek Gottfrid, an exalted VP, was just fired. Soon after, an early Tumblr backer and noted New York tech-loon shared his very, very frank thoughts.

Yahoo! exec David Karp and the President of the United States are currently running a Q&A session about issues that affect American youths—because, like everyone always said, Tumblr is where the teens are. And hey, they both love drones.

Nick Bilton presents more evidence of near-implosion at the International House of GIFs: "At Tumblr, the venture capitalists grew so impatient with its founder, David Karp, as he struggled to make the company profitable, they were discussing his removal before the site’s sale to Yahoo."

Yahoo! saved Tumblr from certain death or ignoble decline, a company that was killing itself because it didn't care about making money. Months later, Tumblr's dropout prince seems more interested in flying drones and looking at GIFs than being a CEO.

In the slow battle between humankind's love of porn and Tumblr's need to somehow make money, we find ourselves in a sort of ceasefire: boobs can stay, but they won't be easy to find. Caught in the armistice are plenty of inoffensive things. Why can't I search for #gay on my phone, but it's easy to find naked teens?

Since Yahoo! CEO Marissa Mayer began circling around Tumblr's billion dollar GIF vortex, we wondered what it'd do with the nasty stuff: the dog sex, the rape porn. Or even the more mild takes on fucking. Now we're starting to see: porn gets put where no one can find it.

The gilded dust has settled across Cannes after last week's advertising Hajj, and by all indications, Tumblr's party was a hit! Drinks, palm trees, etc. But we weren't invited, and neither were you, so here's what it would've been like to attend Karp's fabulous French bar tab.

David Karp, the proud new owner of generational wealth (despite 2012 revenues of less than $5 million), is in France this week making some new best amis! At the Cannes Lion International Festival of Creativity—a posh back-patting bonanza designed to make advertisers feel special—Karp took the main stage, only to throw his employees under the bus:

After high school dropout David Karp turned Tumblr into a $250 million payout from Yahoo, lots of parents around the world are probably looking to duplicate the recipe. Here's part of it: let your kid have and do whatever they want.

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.

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.

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.

How many times can you confirm a piece of news? One more time! Yahoo's Marissa Mayer just announced the $1.1 billion deal over conference call and cheeky GIF-enabled press release. Yes, more ads are coming to Tumblr.

Two years ago, Tumblr's overabundance of porn was well-documented. Today, nothing has changed: it's still a JPEG sex bonanza. Which is A-OK with us—but what would Yahoo do about the blowjobs, wrist-slitting, racism, and other advertising-unfriendly stuff?

Tumblr founder David Karp's abrupt farewell to his Storyboard team earlier this month was so disingenuous, so thick with noxious doublespeak, that it hardly seemed real. That's because it wasn't: Storyboard's ousted leader ghost-wrote the news of his own firing because Karp wouldn't (or couldn't) do it. What's sweeter than making a fool of your boss on the way out?

The good news for David Karp is that he created one of the most popular things to ever sit on the internet. The bad news is that Tumblr's investors say the company is worth $800 million, and Karp says he doesn't care about making money. That could change today.