Tumblr once sold for $1.1 billion. The owner of WordPress just bought the site for a fraction of that.
Tumblr, the onetime darling of social media, sold for a whopping $1.1 billion in 2013. On Monday, in perhaps the latest mark of its decline, the site was reportedly bought for just $3 million. Twitter didn't miss a beat in pointing out that Tumblr's reported sales ...