Former Yahoo CEO Marissa Mayer Regrets Buying Tumblr Instead Of Netflix Or Hulu As It “Would Have Been A Better Acquisition”
Downvote
Marissa Mayer, the former CEO of Yahoo, is recalling her time at the tech company and opening up about some regrets.
During Mayer’s tenure at the top of Yahoo, the company bought the microblogging platform Tumblr for $1.1B in 2013 but feels that they should’ve bought Netflix or Hulu instead.
“We looked at a transformative acquisition, and we bought Tumblr,” Mayer told Tech…
This story from deadline.com was posted on 2023-05-07 by @riverfl.