Yahoo!, which has effectively stored my spam e-mails for almost a decade, announced today that it will purchase Tumblr, a blogging service I don’t use (not a shock given how dated a reference the headline of this blog post is).
The combination of Yahoo and Tumblr creates an online powerhouse with roughly one billion users, which will draw in more advertisers and help Yahoo keep visitors on its properties for longer periods of time, (Marissa) Mayer told Reuters in an interview.
“Tumblr in terms of users and traffic is an immediate growth story for us,” she said.
Sounds like the sort of great idea a high-powered CEO such as Mayer would have.
But then…
Analysts say Yahoo appeared to be overpaying for a business that has never posted a profit, makes a fraction of Yahoo’s sales, and may not contribute significantly to revenue for years.
“Even if revenue was $100 million, it means Yahoo paid 10 times revenue,” said BGC Financial analyst Colin Gillis. “Ten times is what you pay to date the belle of the ball. It’s on the outer bands of M&A.”
Actually, if you’re paying anything to date the “belle of the ball,” she’s actually a prostitute… of the ball.
One question Yahoo may have to address is Tumblr’s reputation as a home for pornographic blogs. At one point in 2009, about 80 percent of Tumblr’s top sites had something to do with adult content. Today that number is closer to 5 percent, according to Quantcast data, but the old image lingers.
Yahoo! can clean up Tumblr all it wants, just so long as it remains the ideal source for information about former Doctor Who star David Tennant’s hair.
Not Carl Anderson Park…
Michael Harthorne writes about the “struggling” Cal Anderson Park in Capitol Hill, Seattle.
“Cal Anderson really functions as the backyard for so many Capitol Hill residents,” said Michael Wells, executive director of the Capitol Hill Chamber of Commerce. “The last thing we want is for Cal Anderson to have a reputation as a place that’s not safe for people.”
This is a backyard with “at least 11 assaults and one robbery” within the past month, which is the kind of thing you can expect when you’re lax with your landscape maintenance.
Capitol Hill Community Council member Lisa Kothari walks her dog in Cal Anderson three or four times a day… Kothari said she’s been hearing from others in the community that the park is changing, that it’s not like it was even three years ago. She said she doesn’t feel comfortable walking her dog through the park after 7 p.m.
“It’s sad,” she said. “It’s staying light out later; I should feel comfortable walking my dog until 10 or 11.”
Cal Anderson was Washington’s first openly gay legislator. He died in 1995 and Lincoln Park was renamed in his honor. Pat Robertson or Michele Bachmann might see a connection between the name change and the park’s decline, but those with a foothold in reality link it to the recent light rail construction nearby and my arrival in the neighborhood.
And now, for no logical reason, I present a clip of Carl Anderson performing “Heaven on Their Minds” on The Today Show.
Posted by Stephen Robinson on May 21, 2013 in Social Commentary
Tags: Cal Anderson Park, Capitol Hill, Carl Anderson, Jesus Christ Superstar, seattle