Tumblr is an online blogging forum founded by high school dropout David Karp. Yahoo bought Tumblr for US$1.1 billion in May 2013.  Tumblr also runs one of the world’s busiest websites, featuring 75 million daily posts.

Tumblr founder David Karp’s mother gushes over billion-dollar baby

As a teenager, Tumblr chief executive David Karp would canvass the streets of New York City’s Upper West Side, offering to build websites for local businesses.

Tuesday, 21 May, 2013, 12:15pm

Yahoo-Tumblr is among top 10 tech deals in 2013

Tumblr founder David Karp with Yahoo chief Marissa Mayer in New York. Photo: AFP

Yahoo has agreed to pay USUS$1.1 billion to buy blogging forum Tumblr, ranking it in among the top 10 tech deals announced this year, according to research firm Dealogic. Here’s a list of the top 10 tech mergers and acquisitions this year. Valuation is based on Dealogic’s criteria and includes debt:

21 May 2013 - 3:31pm

Should we let wunderkinds like Tumblr's David Karp drop out of high school?

Tumblr founder David Karp dropped out of high school so he would have more time to create. Photo: AFP

It’s one thing to say tech geniuses don’t need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.

But now we’ve got David Karp, who doesn’t even have a high school diploma. Karp, 26, founded Tumblr, the online blogging forum, and sold it to Yahoo for US$1.1 billion. US high school students are roughly between the ages of 14 and 18.

21 May 2013 - 11:06am

Yahoo to buy blog-maker Tumblr for US$1.1b

Yahoo chief executive Marissa Mayer is reportedly on the verge of her biggest deal since taking the helm of the struggling Internet group. Photo: AP

Yahoo’s board has approved a deal to purchase the popular blogging platform Tumblr for US$1.1 billion (HK$8.5 billion) in cash, according to a report on Monday.

21 May 2013 - 12:23am