Tumblr founder and CEO David Karp, who made the blogging website over 10 years ago at the young age of 20 years, is leaving the company.
The news, first announced by The New York Times, was affirmed to The Verge in an announcement from Verizon-claimed media aggregate Oath, to which Tumblr has a place, following a confounding series of mergers and acquisitions in the course of the most recent four years.
“David Karp will depart Oath by the end of the year,” the statement reads. “David founded Tumblr 10 years ago as a space for the world’s creators, and we thank him for his commitment and passion driving the growth of the platform to almost 380 million blogs and over 155 billion posts.”
Since 2013, Tumblr has been a property of Yahoo following a $1.1 billion procurement that put the community and Karp, still its CEO, under the direction of then-Yahoo CEO Marissa Mayer. After four years, Yahoo was sold to Verizon in an arrangement that was concluded recently with Mayer’s takeoff back in June, making Karp a Verizon worker as a feature of a mix of AOL and Yahoo’s assets that came to be called Oath.
The numerous corporate reshuffles might be the reason Karp has at long last ventured down, despite the fact that it’s misty precisely why he’s leaving the company or what he intends to do now. As per the announcement, Tumblr Chief Operating Officer Jeff D’Onofrio is assuming control for Karp. An Oath representative later affirmed that D’Onofrio will lead Tumblr going ahead as its lasting CEO.
Karp, in a note sent to his colleagues at Tumblr, says the “decision comes after months of reflection on my personal ambitions, and at no cost to my hopefulness for Tumblr’s future or the impact I know it can have.” He goes on to say, “The internet is at a crossroads of which this team can play a fundamental role in shaping.”