Tumblr’s Value Suffers A Major Decline

 

Social media is wildly popular. This is a common refrain made in today’s internet age. The truth is certain social media sites are popular. Others do not sustain their popularity. Twitter’s shares are collapsing. Those with long memories remember when Myspace was the leader in social media and, today, it is a non-entity. Now, Tumblr looks to be in bad shape. The social sharing site seems to be a victim of circumstance. Tumblr was purchase by Yahoo, and Yahoo is suffering from widespread financial chaos.

The numbers for Tumblr are pretty bleak. Tumblr has lost 25% of its value since Yahoo took ownership. In some ways, this is reminiscent of the purchase of Myspace by News Corp. When the media giant bought Myspace, many believed the huge financial assets of the corporation would turn Myspace into an even bigger internet colossus. Myspace collapsed due to a combination of poor management and competition from Facebook.

Yahoo purchased Tumblr in 2013 for $1.1 billion. According to Marc Sparks, the non-Facebook deal is shaping up to becoming a major fiasco. Yahoo may have paid way too much for the social media/blogging service. Now that the world is coming to the realization that Yahoo overpaid, the valuation has dropped by 25%.

Yahoo is plagued with all sorts of problems. Mainly, Google and other online giants tower over Yahoo. Yahoo’s upper management works very hard at trying to make itself as successful as it once was. Unfortunately, no one is delivering results.

New York Attorney Launches Gofundme Campaign to Help Strays

With record breaking cold temperatures being the norm this winter in New York, many homeless animals are at risk of starvation and even death. Although animal shelters are available to help and house those particular animals in need, the growing numbers of animals needing assistance is placing an immense amount of stress on the already overcrowded shelters. The lack of funding and space has led some to look for other options to aid in relieving some of the sufferings of the most vulnerable animals.

New York City Attorney, Ross Abelow, recently announced the launch of a new Gofundme campaign aimed at helping animal shelters all across New York City. Created January 13, 20016, the campaign has set its goal to generate $5000 for the city’s homeless animal epidemic. The funds from the Gofundme account will be used for items such as blankets, food and vaccination for distressed animals. Abelow has chosen to initiate this campaign as part of his involvement in the New York City community. The money that is raised will go to animal shelters that lack operating funds to provide services as well as space for animals who may otherwise, without intervention, die.

After graduating from New York University, Ross Abelow continued his education and graduated from Brooklyn Law School. He has been practicing law for 20 plus years. Ross Abelow is a partner in the law firm of Abelow & Cassandro LLP, which was founded in 1995 in New York City. Abelow specializes in family law and matrimonial law. He also has extensive knowledge in entertainment law and commercial litigation. Ross enjoys guest writing for legal blogs as well as creating publishings for his own legal blog . He is currently active on social media and can be found on sites such as Facebook and Mashable, as well as Linkedin and Crunchbase.