Tumblr founder David Karp retires as CEO



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Founder of Tumblr David Karp leaves his position as CEO of the blog platform.

The decision, announced in an internal email to employees, comes five months after Tumblr's parent company, Yahoo, completed its sale to Verizon.

"Please understand that my decision comes after months of reflection on my personal ambitions, and at no cost to my hope for the future of Tumblr or the impact I know it may have," Karp said in the email, that he posted on his personal Tumblr page. "The Internet is at a crossroads of which this team can play a fundamental role in the configuration, you are in the driver's seat, and I am very excited to see where you are going."

COO Jeff D & # 39; Onofrio will take over leadership of Tumblr after Karp's departure at the end of 2017.

Karp launched Tumblr in 2007 and quickly grew it to more than 100,000 users . Six years later, he sold the company to Yahoo for $ 1.1 billion. Yahoo, in turn, was sold to Verizon and Tumblr was part of the group of badets that joined AOL to form Verizon's subsidiary, Oath.

"David Karp will leave the oath by the end of the year," confirmed a spokeswoman for the Oath. "David founded Tumblr 10 years ago as a space for the creators of the world, and we thank him for his commitment and pbadion to promote the growth of the platform to almost 380 million blogs and more than 155 billion publications."

was originally published by The Hollywood Reporter.

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