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Tumblr created a shakeup in the digital world this week when it reported an 125% revenue increase from iOS in-app purchases—from what seemingly started out as a simple parody. The company introduced its double blue tick option which was initially meant to show that using subscriptions for verification serves no real…

Yahoo, the legacy site that’s seen its ups and down over the years, is definitively heading toward a down. The company confirmed that it plans to let go of more than 20% of its global workforce in an apparent shift of its ambitious advertising platform that looked to compete with the biggest players in ad tech.

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