A screengrab from the popular Tumblr WhatShouldWeCallMe

When Yahoo announced that it would be buying Tumblr for $1.1 billion, it made a lot of people a lot richer, including CEO David Karp, the company’s 26-year-old founder who stands to get $250 million from the deal. (He never went to college!) But there are some people who are missing out on the windfall, namely, the editorial team that was fired right before the sale.

According to The Atlantic Wire, the company’s 178 employees are all getting something. Those who have been there from the start are getting millions (the first 30 staffers are getting $3.3 million, for example.) Three editorial team members could have gotten $371,000, but they were let go prior to the sale.

The Atlantic Wire makes the point that those staffers worked on a project that only launched last year, so it’s possible it wouldn’t have gotten the stock options to be eligible this kind of a windfall. But the mere fact that it was a possibility is probably making their Memorial Day weekend as gloomy as the New York City weather right now.

VentureBeat offers up five things you should be aware of before deciding to work for a start up. The article notes that three-quarters of start ups fail and the pay isn’t going to be at market value. But there is the off chance that you will be part of a company like Tumblr that takes off and gets mega attention and mega bucks. So if you’re going the start up route, it’s important to take note of the opportunities and the limitations of the business you’re working with. Some of this is fate, which can’t be controlled. But another part of it is being aware of the business you work for, the marketplace, and your passions and contributions to the company. Who knows… what starts as a small operation could turn you into a millionaire.

Source: WENN

From StyleBlazer

Entrepreneurs come in all shapes and sizes, especially when it comes to the web and the world of fashion. These 12 entrepreneurs have given back to the fashion, beauty and creative communities in major ways and we think they’re worth noting. Whether you’re looking for your next stroke of genius or hoping to change the game, take a cue from Tumblr founder David Karp who shows it’s never too early to get a head start!

Yahoo CEO Marissa Mayer. (AP Foto/Keystone, Laurent Gillieron)

Yahoo is expected to announce the $1.1 billion purchase of blogging site Tumblr, the seventh acquisition under Yahoo CEO Marissa Mayer and the largest to date, according to The New York Times.

Yahoo continues to struggle to catch up to online competitors like Google after once being a frontrunner and pioneer in the tech space. Tumblr could help the company make inroads with younger users and advertisers, who have migrated to other sites.

However, Yahoo has a history of buying popular companies and then watching them die, as in the case of photo site Flickr. That was beloved in its time and has now been overtaken by Instagram, another company that was bought for a billion dollars, that one by Facebook.

The question remains whether Tumblr will actually make Yahoo any money. On its own, it has struggled to do so. But given the efforts to overhaul the company, the plan could be to bring it in and then use it to draw profits. Mayer has already, notably, made lots of changes internally at Yahoo, including a ban on telecommuting. Last week, Business Insider noted that the company has been purchasing failed mobile companies in order to acquire their talent. (One VC notes this could be a bad move.)

Tumblr has 108 million active blogs with tons of users who are blogging and visiting regularly. However, the company hasn’t been able to crack mobile. According to AllThingsD, Yahoo doesn’t expect to make money from Tumblr right off the bat. And there will be more ads on Tumblr, much to the dismay of many regulars, we’re sure. Yahoo said on a conference call today that they’re not going to “screw things up” with this deal. And since there are some cool Tumblrs out there, we hope so.

So Yahoo’s comeback is still a work in progress, work that’s happening very publicly. Do you think it’s going to be big again?

Source: WENN

Beyonce’s back to writing handwritten letters, but this latest may be her most heartfelt yet.

After news of the singer cancelling her Tuesday night concert in Antwerp spread like wildfire yesterday, Bey took to her Tumblr to write out a letter of apology to fans for letting them down and promised that she’ll make up for lost time very soon.

Did you catch that “see you tonight”? That means the Queen Bey is right back at it, with plans to perform at the same Sportpaleis arena in Belgium this Wednesday. I assume that means her doctor gave her the OK to hit the stage again, but we wouldn’t have faulted Bey (too much) if she decided to take more of what we’re sure would be a much-needed break. The game has changed a bit since she’s last been on tour. Mama is, well, a mama now, and a tad bit older, which means doing concerts every night just might not be the way to go right now — especially if there’s still a possibility of a little bun in the oven. Kudos to her for handling her concert cancellations better than Rihanna though. Me thinks the Beyhive will forgive her.

What do you think about Bey’s letter of apology?

Paul Smith/ WENN

When you are locked into contracts and legal battles, sometimes you have to do what you have to do.

On Saturday, without anyone knowing it was going to happen, Lauryn Hill dropped a song on her Tumblr page called “Neurotic Society (Compulsory Mix).”  I’m just going to put it out there now: it took a lot of focus for me to drown out the beat so I could understand what she was actually rapping about.

“Neurotic Society,” simply put, talks about the state of the world as Lauryn – and many others see it.  She believes the world is surviving because the people choose to be ignorant to a lot of things and focus on a “fake” world that isn’t of importance. Further, children are being taken advantage of and losing their innocence and quite frankly, many of us would agree with that.

Still, where in the world did this song come from? Well, when Lauryn posted it on Tumblr, she added the following message:

Hello All:

Here is a link to a piece that I was ‘required’ to release immediately, by virtue of the impending legal deadline. I love being able to reach people directly, but in an ideal scenario, I would not have to rush the release of new music… but the message is still there. In light of Wednesday’s tragic loss (of former label mate Chris Kelly), I am even more pressed to YELL this to a multitude that may not understand the cost of allowing today’s unhealthy paradigms to remain unchecked!

- MLH

Again, the electronic beat situation is “the most” but if you can get past it, you just might agree with the message:

Let us know what you think! By the way, if you do love it, “Neurotic Society” is available for purchase on iTunes.

iStockphoto

Having a great company website is mandatory nowadays. It’s practically your calling card potentially reaching millions on the Web who at this very moment might be searching for your product or service. Now you might be thinking, “I just don’t have thousands of dollars to invest into a website.” Guess what? You don’t need it.

Building your own website can be a bit time consuming, but comes with a nice payoff. Not only will you be able to promote your brand to the masses, but will also be completely in charge of your company image without issuing a hefty check to a third party. Sure it’s wonderful to have a site tailor-made by a true professional, but you shouldn’t feel discouraged to create one of your own if the finances aren’t yet there.

With tons of website building services at your fingertips, you can showcase a product gallery or portfolio, list your strengths and spread the word on how people can get in touch. Here are nine budget-friendly website builders for you to consider.

iStockphoto

Tumblr is one of the hottest social networks at the moment, with users re-blogging gifs and posting musings on current events and articles. With its visual layout, many black bloggers in entertainment and fashion have leveraged the site. If you’re just getting involved, here are 10 great Tumblrs to follow. Let us know your faves in the comments!

Facebook CEO Mark Zuckerberg speaking at today’s press event. AP Photo/Jeff Chiu

Today, Facebook hosted a press event announcing Graph Search, an internal feature that will help Facebook users find out more detailed information about their friends.

Graph Search is different than more traditional web search because it is designed to answer a question, said Facebook CEO Mark Zuckerberg during the announcement, not just links to answers. Users can search for people, photos, places, and interests to determine things such as “my college friends living in San Francisco” or “nearby friends who like Game of Thrones” for a viewing party, for example. Results are also ranked by relevance to the user, with close friends showing up as top results.

The search function will allow users to more easily dig through all the friends, data, and content that has been shared with them via Facebook, and it will be privacy aware, only permitting searchers to see what their friends have posted or what is made public by other users.

“When Facebook first launched, the main way most people used the site was to browse around, learn about people and make new connections,” the company said in a press release about the feature. “Graph Search takes us back to our roots and allows people to use the graph to make new connections.”

During the announcement, Zuckerberg, Tom Stocky and Lars Rasmussen, who developed the feature, demonstrated how to use Graph Search for dating, recruiting, and commercial uses, with restaurants as an example. Because Graph Search can bring to light photos of users that had previously been hidden from a user’s Timeline, Facebook is also offering tools and resources to help users understand the privacy implications.

A search function was one of the rumors floating around after Facebook announced its event last week. The media predicts Facebook will work to compete with Google in helping individuals find information and answer questions.

This is the latest news to come out of the social networking site and yet one more thing to keep track of in the constantly-changing social media landscape. Here is a handy guide, keeping you up-to-date with your favorite (and soon-to-be-favorite?) social media sites.

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Move over Facebook and make room for Tumblr. According to a new survey, more teens and young adults said they use Tumblr regularly than those who said they use Facebook on a regular basis, reports The Los Angeles Times.

According to the numbers, 59 percent of respondents between the ages of 13 and 25 said they use Tumblr regularly. By comparison,  54 percent said they use Facebook on a regular basis. The younger the demographic, the more Tumblr usage. In fact, of the respondents between the ages of 13 and 18, 61 percent said they used Tumblr versus 55 percent who said they use Facebook regularly.

Y Combinator start-up Survata conducted the survey of 1,038 people. It seems teens are getting a bit bored with Facebook, and are turning to other social networks, as reported last year by the Los Angeles Times. The Survata data also discovered that 20 percent of respondents between the ages of 13 and 25 said they use Twitter regularly, followed by 16 percent using Instagram and nine percent frequenting Snapchat.

A Tumblr site that’s “A yearlong celebration of remarkable women who have changed how we see the world.”

While they have the teens almost sewn up, Tumblr still has to solidify more diverse users. As Madame Noire recently reported, “Tumblr sees 20 billion page views a month and blacks make up 11 percent of all Tumblr visitors, according to Quantcast. Overall, blacks account for nine percent of Internet users, showing a slight over-indexing on Tumblr. However, Hispanics make up 19 percent of all Tumblr visitors, and whites come in at 63 percent, showing that black consumers aren’t necessarily the main users of the site.”

If it does lure more African Americans, Tumblr could just overtake Facebook as the most popular social network. According to Pew Internet & American Life Project, “Minority adults also outpace whites in their use of social technologies. Among Internet users, seven in ten blacks and English-speaking Latinos use social networking sites—significantly higher than the six in ten whites who do so. Indeed, nearly half of black Internet users go to a social networking site on a typical day. Just one third of white Internet users do so on a daily basis.”

Do you use Tumblr?

MUHAHAHAHAHAHAHA! Just when you thought we were done talking about Beyoncé, there’s always something new every 24 hours about this chick. She did tell ya’ll she runs the world, remember?

Anywho, People is reporting that Beyoncé could be the lucky new face of H&M, a feat that people like David Beckham have taken on, as well as singer Lana Del Ray as of recent. According to them, one of Beyoncé’s dancers was actually the one who spilled the beans, taking to Twitter recently to say, “First day of trial in the Bahamas! H&M all set … go.” Of course, said Tweet is gone now (we’re sure this person was reprimanded to the highest of levels), and no one from Bey’s camp has said anything. But when H&M when reached out to by People, they wouldn’t say yes or no to anything.

Remember that recent trip to the Bahamas? Well, while vacaying with family, Beyoncé was seen doing a photoshoot, and now everyone’s claiming that she was doing shots for the beloved retailer. If the rumors are true, how fab would that be? And we know the Bey stans will pick up every piece she rocks. And hell, if the piece are cute and the prices are right, so will I, because from what she was wearing from the shoot, I’m digging it already.

And on a side note that relates to the Bahamas, the singer also took to her Tumblr to share a photo of her and her little girl on the beach, frolicking in a fab swimsuit and a big ‘ol diaper. We see those abs Beyoncé! Following in the footsteps of her little girl, the singer also had her face covered by her flowing mane and showed off little Blue Ivy as the growing girl flexed her muscles while she stamped around in the sand. Adorable much?

If Beyoncé does end up being the new face of H&M, that would be a big deal, and I’m sure we could expect some massive but colorful billboards in honor of her style moves with the retailer. However, we’ll have to wait and see if it’s true for now…