Tumblr Founder David Karp Steps Down as CEO

Tumblr founder David Karp is stepping down from his role as CEO of the blogging platform. 

The decision, announced Monday in an internal email to employees, comes five months after Tumblr parent company Yahoo completed its sale to Verizon.

“I beg you to understand that my decision comes after months of reflection on my personal ambitions, and at no cost to my hopefulness for Tumblr’s future or the impact I know it can have,” Karp said in the email, which he posted to his personal Tumblr page. “The internet is at a crossroads of which this team can play a fundamental role in shaping. You are in the driver seat, and I am so excited to see where you go.”

COO Jeff D’Onofrio will assume leadership of Tumblr following Karp’s departure at the end of 2017.

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SOURCE: The Hollywood Reporter, Natalie Jarvey