New Yorker Sells Social Networking Giant Tumblr To Yahoo! For $1.1 BillionIf you're a social media junkie, you and a few million others know what Tumblr is. If not, you might be wondering why Yahoo! would pay a king’s ransom for it.

More From CBS New York

WFAN Football Cruise Drip
1010 WINS Special
WCBS 880 Breakfast

Listen Live