Tumblr is losing $30M each year, CEO says
techcrunch.com
Tumblr head Matt Mullenweg also assuaged users fears by confirming that the platform will not remove its chronological feed.
  • magnetosphere
    1•1 year ago

    I understand that large social media companies are expensive to operate, but THIRTY MILLION DOLLARS A YEAR? What are those morons doing?

    • @[email protected]
      1•1 year ago

      30 million is actually a lot less than I expected. Although I suppose they are still a quite small site.

      Online services like Spotify are still burning cash flow to the tune of €450m a year. Most all of these “user free” sites have been built on flaming stacks of VC cash over the last 20 years.