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[TECHCRUNCH] Tumblr is losing $30M each year, CEO says (techcrunch.com)
submitted 3 years ago by [M, B] to c/technews@radiation.party
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[ sourced from TechCrunch ]

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[–] 1 point 3 years ago (1 child)

I understand that large social media companies are expensive to operate, but THIRTY MILLION DOLLARS A YEAR? What are those morons doing?

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  • [–] 1 point 3 years ago*

    30 million is actually a lot less than I expected. Although I suppose they are still a quite small site.

    Online services like Spotify are still burning cash flow to the tune of €450m a year. Most all of these "user free" sites have been built on flaming stacks of VC cash over the last 20 years.

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