Tumblr is losing $30M each year, CEO says

simple@lemmy.world to Technology@lemmy.world – 337 points –
Tumblr is losing $30M each year, CEO says
techcrunch.com
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Tumblr is still popular with the 2000s LiveJournal crowd, i.e. people who need 500 words not 500 characters or 500x500 pixels.