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Automattic CEO Matt Mullenweg has openly described the Tumblr acquisition as his most significant misstep to date. Despite ongoing efforts to migrate the platform to WordPress infrastructure, financial and technical obstacles have stalled progress, leaving Tumblr reliant on other company revenues.
During a recent Town Hall session at WordCamp Canada 2025, Matt Mullenweg, CEO of Automattic, candidly addressed the company’s acquisition of Tumblr as his “biggest failure or missed opportunity.” According to reports, Mullenweg emphasized that while the platform hasn’t met expectations, Automattic hasn’t abandoned efforts to revitalize it.
European artificial intelligence startups are facing unprecedented acquisition interest from both corporate giants and well-capitalized competitors. According to industry data, M&A activity in the sector has reached record levels as companies race to secure AI talent and technology.
The European artificial intelligence sector is experiencing a significant consolidation wave, with acquisition activity reaching unprecedented levels according to recent data. Reports indicate there were 18 and 15 exits in July and August respectively, representing the highest monthly totals since tracking began. Sources suggest this trend reflects the intensifying global race to develop and commercialize AI technologies.
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Indian rapid-commerce platform Zepto has reportedly seen its valuation surge to $7 billion according to recent reports. The startup’s growth reflects the intensifying competition in the instant delivery sector as investors show increasing confidence in quick-commerce models across emerging markets.
Indian quick-commerce startup Zepto has reportedly reached a $7 billion valuation according to recent analysis from Bloomberg L.P. coverage. The rapid valuation increase comes as the company expands its 10-minute delivery services across major Indian cities, with sources indicating this represents one of the most significant funding rounds in the country’s rapidly growing quick-commerce sector.
