Yahoo Buys Tumblr: Everything You Need to Know About the Takeover

Trending In Our News Feeds Murder of Pakistani politician intimidates voters. Gunmen killed the senior vice-president of Imran Khan’s Movement for Justice Party (PTI), Zahra Shahid Hussain, outside of her home in Karachi on Saturday. While a police superintendent says the men killed Hussain because she refused to hand over her purse, Khan blamed the leader of a rival political party. Few voters turned out for a repeat of parliamentary voting in Karachi on Sunday.
 
Syria clashes over strategic stronghold. Government fighters gained the upper hand in the fight for the rebel stronghold of Qusayr today, according to the SANA news agency. The New York Times claims Qusayr holds strategic importance; its loss would be a major setback for rebel forces. The fight for Qusayr comes after a rare interview by President Bashar al-Assad in which he denied reports he is using outside fighters. However, an Al Jazeera correspondent says there are many regional fighters in the battle.
 
North Korea launches 5th rocket in 3 days. North Korea fired a rocket off its eastern coast today, the fifth rocket launch over the last three days. North Korea said the tests come in retaliation to perceived military threats from the U.S. and South Korea. UN Secretary General Ban Ki-moon is critical of the tests given “the risks of miscalculation and dangerous escalation.”
 
Poll shows Obama unscathed by scandals. A poll released by CNN and ORC International on Sunday shows that while Americans are critical of the scandals plaguing Washington, Obama’s reputation remains unharmed. Over 80% of participants said each of the three scandals are at least somewhat important. However, the president’s approval rating stands at 53%. CNN’s previous poll gave Obama an approval rating of 51% (the difference is within the margin of error).
 
Gay man gunned down in Greenwich Village. A 33-year-old man, Elliott Morales, shot and killed gay New Yorker Mark Carson in Greenwich Village on Friday. Police commissioner Raymond Kelly called the killing a hate crime, but Morales’ sister said she disagreed. Police charged Morales with murder on Sunday. Gay rights groups will march in honor of Carson today.
 
Yahoo to buy Tumblr for $1.1 billion. Sources say the board of Yahoo agreed on Sunday to pay $1.1 billion in cash for the blogging platform Tumblr. The takeover is widely acknowledged as an attempt to make Yahoo appeal to a younger audience. CEO Marissa Mayer has aggressively rebranded Yahoo in the last year; this will be her seventh deal. However, it is unclear if the popular blogging site can make money. Consultant expert Charlene Li says, “The challenge has always been, how do you monetize eyeballs?”
 
Status Updates Meet pundit of the week Robby Barthelmess! Robby Barthelmess has taken PolicyMic by storm with his stories on gun control and individual liberty. Find out why Robby is scared by every story he writes, why he thinks PolicyMic is going places, and what he loves about living in sunny Santa Barbara.
 
Find out what PolicyMic editors did after college. PolicyMic’s editors want to share their post-grad advice with you, and their stories prove there’s more than one way to get from point A to B. Look out for special features on higher education this week in honor of graduation season!
 
Are you active in politics, art, or business? Let us know what you’re up to and we’ll feature you in this section!
 
Must Reads From PolicyMic It’s Official: Our Crack Cocaine Laws Are Racist (Aubrey Bloomfield, @aubbloomfield) – A federal appeals court has ruled that sentences for people convicted of crack cocaine offenses should be reduced, claiming existing drug sentencing laws are intentionally discriminatory.
[16 Mics, 58 Comments, 82 Shares]
 
We're On the Road to Marriage Equality, So Why Are Hate Crimes On the Rise? (Shwetika Baijal, @shwetika) – A 32-year-old gay man was fatally shot in New York City over the weekend. The incident shows that hate crime is not a thing of the past.
[6 Mics, 24 Comments, 8 Shares]
 
Reading the Classics Will Make You Better at Gaming (Stephanie Hill, @hill_s_a) – Reading Austen, Shakespeare, and Tolstoy will improve your brain function and make you better at theories of games and economic behavior. True story.
[6 Mics, 2 Comments, 14 Shares]
 
Yes, Kanye Performed a Song Called 'Black Skinhead' On Live TV and It Was Amazing (Andrea Ayres-Deets, @missafayres) – “Epic” doesn't begin to describe what happened during Kanye West’s SNL appearance.
[4 Mics, 4 Comments, 81 Shares]
 
6 Totally Normal Feelings to Have the Week Of College Graduation (Laura Donovan, @LauraDonovanUA) – Freaking out? Sad? Full of regret? Don't worry, it's totally normal to be feeling this way as you prepare to graduate.
[1 Mics, 3 Comments, 4 Shares]
 
What We’re SharingAl Jazeera asks: “Is the United States still the land of the free?”
 
Watch out: American colleges are becoming a force for inequality (Atlantic).
 
This terrifying condition can make a psychedelic trip last forever (Elements).
 
One of the internet’s founding fathers says he knows who created bitcoin (Quartz).
 
There’s a special kind of penny that could make you very, very rich (Mental Floss).
 
Who said it: Toronto Mayor Rob Ford or Simpsons Mayor Diamond Joe Quimby? (Slate)
 
Some of SNL’s biggest stars are leaving: relive some of their best sketches (Daily Beast).
 
Thanks for reading!  We love hearing from you so send us your feedback, tips, and story ideas to nick@policymic.com and I’ll make sure your voice is heard!


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