Tumblr Sheds Light on Its Struggles, Reveals $30M Annual Loss

  • CEO Matt Mullenweg unveiled Tumblr’s struggle to become profitable, spending $30 million more than it generates annually.
  • Efforts to increase user base, including a ‘Coming from Twitter?’ sign up link and offering two blue checks for $8, haven’t significantly boosted user numbers.
  • Despite recent growth enigmas and user feedback controversy, Tumblr vows to not implement any significant changes without user input.
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