June 3, 2013

Purchase by Yahoo! Benefits Employee-Owners at Tumblr

Executive Director

Yahoo!'s purchase of Tumblr was a windfall for employees. News reports indicate that each of Tumblr's 178 employees will receive at least $371,000 from cashing in their equity rewards. The site's first 10 employees are each $6.2 million richer, while the first 30 employed will make $3.3 million.