Tumblr is losing $30M each year, CEO says

If we’ve learned anything from this past year of Twitter clones, CEO fights, shitposting and bad, money-grabbing policies, it’s this: making a social media company profitable is hard!
After rolling out some unpopular features, Tumblr is now trying to “build in public” and be more transparent about the business behind the fandom-driven platform. In a livestreamed Q&A, CEO Matt Mullenweg and COO Zandy Ring fielded questions from Tumblr users about the company’s direction. The executives weren’t completely unfiltered (Matt, please, answer my question about

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