Yahoo! CEO Marissa Mayer announced that the company has reached an agreement to purchase the multimedia social microblogging service Tumblr for $1.1 billion which will be paid all in cash. One of the first questions was about the future of Flickr, the pictures and videos hosting service acquired by Yahoo! in 2005. Well, a few hours later Marissa Mayer announced that the site has been improved and now every user will have a Terabyte of free space.