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So There is Hope!!!
“Reports on the deal say that Tumblr’s 26-year-old CEO David Karp will be able to operate fairly autonomously. Karp will be locked into a four-year deal to stay at Tumblr, All Things D reported. That should assuage the fears of any Tumblr users about how things could change (for the worse) under Yahoo.”
So he’s still in charge for now, which means that for now all we have to worry about is ads…That’ll do for now :)