Tumblr president Maloney steps down

When Tumblr President John Maloney joined the staff four years ago, the blogging community had yet to achieve runaway success.

Now it has. And Tumblr no longer needs him.

In a resignation post titled “Tempus Fugit,”—Latin for “Time flies,”—Maloney announced today that he’ll be stepping down as President, effective immediately.

“I told the team and board this week that it’s time for me to transition away from running day-to-day operations,” he wrote. “It’s the right time for me and a good time for Tumblr.”
(cont.)