Yahoo Is Paying David Karp $81 Million To Not Quit


According to Quartz, Yahoo will pay Tumblr founder David Karp $81 million in cash and stocks if he remains on board for four years.

We’re guessing this means Karp will, once again, be putting off his plans to go to college.

Business Insider also points out that Tumblr had spent about $110 million of its $125 million in total funding before the $1.1 billion Yahoo acquisition in May.

Tumblr immediately upped its advertising after the acquisition, causing quite a kerfuffle amongst the blogging platform’s dedicated user base, although Tumblr guarantees that users will see no more than four ads a day.