I’d rather be selling Tumblr than buying it

I haven’t used Yahoo as a general search engine since an American friend introduced me to the miracle that was Google in November 2000, but I do use Yahoo Finance for share price data, and the clunky BT Yahoo email service. All this points me to one conclusion: Yahoo is as middle-aged as I am, and the decision by hot new ex-Google chief executive Marissa Mayer to seek brand rejuvenation by buying the unprofitable blogging site Tumblr for $1.1 billion may not end well. It’s like me deciding to get one of those big, wavy ‘tribal’ tattoos on my neck: it might get me laid, but more likely it will make me look even more out of touch with the young.

Comparisons have been made with AOL’s purchase of the Bebo social networking site for $850 million, of which the founding couple Michael and Xochi Birch received $600 million; their all-but-forgotten invention was eventually sold off for $10 million.