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Yahoo has officially acquired Tumblr for $1.1 billion, the companies announced Monday morning. Tumblr will be operated as a separate business, with David Karp remaining CEO. Dropbox, the consumer file-store-and-sync champ, hopes to parlay MSPs, IT consultants and other partners to transform users of its free service into paying customers. GigaOm just under two hours agoNCR is the top supplier of retail point-of-sale software for U.S. restaurants, so for LevelUp, getting its mobile payments app to work with NCR's systems for dining transactions is key.
New York startup ecosystem will get a big boost from the $1.1 billion sale of Tumblr to Yahoo. The exit, one of the biggest New York has scene shows that with content becoming important, New York is finding its footing on the startup stage. Pinterest is unveiling a new pin structure for different types of products and an integration with a large number of retail brands, as it continues buildng up the platform and paving the way for growth. Imagine if Nikola Tesla had to pitch venture capitalists to fund his idea. The reaction to his crazy ideas would be precisely what you see on this video. Yahoo's board has agreed to pay $1.1 billion for Tumblr, according to reports.
It's not often the software world goes through a revolutionary change. But the advent of the cloud will force software developers to reevaluate – and discard – many of their most basic assumptions. Google and Microsoft slapfest continues; IBM pushes Watson for third-party apps; SAP bets big on HANA for ERP. We admire Google. We're impressed by Google's accomplishments. But we're wary of Google's relentless ambition and its at-times curious thoughts about our world.