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
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They absolutely should but advertisers wouldn't like that.

Ad-driven internet needs to die.

Ad everything needs to die. It should straight up become illegal to advertise anything other than for people who opt-in. If your product, movie or service is good, it'll get popular through word of mouth.

Partially true: they want to bring it back but payment processors wouldn't like that (the post i am linking is from the CEO of Tumblr's parent company, who bought it from Verizon in 2019)

Oh yeah, I forgot but I had heard something about it around that time. Shame.

I don't get why credit card companies have beef with porn though...

ostensibly it's because the porn industry is unstable financially, and connected to a lot of shady issues/illegal practices that could open them up to some kinds of liability. (I don't remember which sorts)