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"We are proud of what the team has accomplished" says Verizon Media CEO, after wasting $1,097 million to ruin a social media network

@dickmandrake To be fair, they didn't waste that because they didn't buy Tumblr at that price in the first place.

They merely knocked a billion or so off the value in months.

@Vordus Technically you're right because it was Yahoo! who bought it (before they were themselves bought by Verizon)

@dickmandrake Basically, it's the equivalent of buying a house, finding an original da Vinci, and then having the little old lady who 'restored' the Ecce Homo Fresco prep it for display before ultimately deciding to sell it.

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