Verizon is looking to sell Tumblr after squandering its potential

Verizon is seeking a buyer for Tumblr, the blogging platform it acquired along with other Yahoo assets in 2017. The Wall Street Journal reports that Verizon has approached other companies in recent weeks that could be potential new homes for Tumblr. The platform hosts 465.4 million blogs and 172 billion posts, according to its about page. The Journal notes that the sale process “is ongoing” and might not result in any transaction.Late last year, Tumblr took the controversial step of