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Revenue is not profit. They're losing money. Their bank balance is decreasing.
by ytoawwhra92 3y ago
Revenue 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.