Tumblr's revenue in 2012 was $13M and negative profits (they are actually losing money). They "expect" $100M revenue and $60M profits in 2013. Even if their e

Tumblr's revenue in 2012 was $13M and negative profits (they are actually losing money). They "expect" $100M revenue and $60M profits in 2013. Even if their expectations work, whoever offered them $1.1B is a complete idiot.