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Yahoo! Buys Tumblr For $1.1 Billion
May 20, 2013 - By Staff Writer

David Karp, the 26- year old founder of Tumblr Inc. who started the business in his mom's basement in 2007, made a killing today with the sale of the company to Yahoo! for $1.1 billion.  Karp who still has not earned a high school diploma, acquired a lot of his experience working as a consultant for  Congratulations David!  More on the story here.