The news broke when I was in the Tribeca film festival with my phone on do not disturb. Turns out I was in the film and then the cast & crew stayed until the wee hours, so I didn't get to read anything about the Flickr acquisition until this morning.
My inboxes are insane right now because I was cofounder of SmugMug and there for 14 years, yet I have another Tribeca appearance I have to rush off to. Fortunately, everything is amazingly positive except the Gizmodo article, which was pretty funny.
It's pretty remarkable that it has come to this when in the beginning, virtually everyone told us we wouldn't be able to charge for subscriptions, the only real business model was free. Even Chris Anderson wrote a book about that.