Tumblr: David Karp's $800 Million Art Project - Forbes: "Tumblr is growing up and, as anyone with a baby or a mortgage can tell you, that means expensive complications. “I really like David, but he’s got a brutal year ahead,” says Gawker Media owner Nick Denton. “The pressure on Internet media companies to deliver revenues is going way, way up.” Karp, who once showed disdain for advertising, finally allowed ads on Tumblr last May. The company finished 2012 with $13 million in revenue; the hope in this “leap” year is that it’ll get to $100 million."
Tumblr's David Karp: Why I Love New York - Forbes: "As far as our ability to build an audience, New York is truly the most creative city in the world; that is so much of what Tumblr is: a media network, a home for tens of millions of creators."
Chinese Court Hits Apple in Copyright Dispute - WSJ.com: "A Beijing court ordered Apple Inc. to pay 1.03 million yuan, or about $165,000, to a group of local writers who said the U.S. gadget maker sold unlicensed copies of their books online, according to state media. The state-run Xinhua news agency said Thursday that the Beijing No. 2 Intermediate People's Court ordered Apple to pay the money to eight Chinese writers and two companies for violating their copyrights. Attorneys for the writers had argued that software available from Apple's app store contained unlicensed digital copies of their books. The group originally asked for 10 million yuan in damages, according to Xinhua."
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