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It’s not clear to me what this means. Freezing feature development? Rolling the backend into the rest of Automattic? Or the end of Tumblr?
by thejohnconway 3y ago
It’s not clear to me what this means. Freezing feature development? Rolling the backend into the rest of Automattic? Or the end of Tumblr?
- I_Am_Nous 3y agoSounds like they are moving it from an actively developed project to one where they just babysit the existing users knowing they aren't making infinite money off them like they hoped. No new features, new features are for closers.
- araes 3y agoAnd move to the next project where we hope to make infinite money with no work. Crypto had a great exemplary quote a while ago from poop face bros: "Obviously the crypto market did not live up to its lofty ambitions, so we're leaving."
- wmf 3y agoAutomattic has never been a get-rich-quick scheme.
- thejohnconway 3y agoThe only new feature I wanted for Tumblr was ActivityPub, that was nixed a while ago. Bad show.
- I_Am_Nous 3y agoTheir entire argument appears to be "We aren't making more money than all-time peak revenue and usage stats are lower than peak too so we aren't wasting money on it any longer." Maybe if they had realistic goals that weren't just "try to make more money than ever before" they could have kept going at least somewhat...
- notaustinpowers 3y agoSadly any capitalistic company fails for the same exact reasons. They can't continue making more and more money every quarter, so they call it a failure and give up. To these company's, having a stable business is worse than having a failed business. Because a least a failed business can be sold off for parts.
- ytoawwhra92 3y agoRevenue is not profit. They're losing money. Their bank balance is decreasing.
- notaustinpowers 3y agoTrue, but that's the consequences of their choices years ago. They owners sought constant, quarterly growth in Tumblr to validate their multi-million (or billion) dollar purchase. And rather than building a company that's stable, they were just burning cash and throwing shit at the wall to see what stuck to make that profit trendline go up. But Tumblr users are very hostile against, really, any changes to how Tumblr operates. It just alienated a lot of us, which isn't going to help them in terms of profit.
- WJW 3y agoTheir problem is also that "all time peak revenue" is not enough to cover even just the server costs, let alone salaries. They're bleeding 30 million USD per year with no path to profitability ever.