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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That was the old owners. The new owners have stated that they want to bring porn back but it's not really feasible because payment processors are anti-porn.

God it's ridiculous how much power we give to banks. If the content is not illegal it should not be up to the payment processors what content a web service can provide.

I think it's because when it is illegal it's ultra illegal and ultra terrible. Even then I question how much of it is already pretty sus.

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Bit late for that turn eh?

I assume payment processors is also the reason why Verizon banned porn, although i don't think they talked about it like the wurrent owners do.

Wordpress bought Tumblr in 2019 for, allegedly, 3M$, which is a huge discount, and they've done a good job running the place so far.

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