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.
Join 2 million subscribers





A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
Total
0
Share
nextbigwhat We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications