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"According to Forbes Tumblr is targeting $100M revenue in 2013 but, according to sources I spoke to who are familiar with the company, actual Q1 revenue growth
by pod4369 13y ago
"According to Forbes Tumblr is targeting $100M revenue in 2013 but, according to sources I spoke to who are familiar with the company, actual Q1 revenue growth was flat and Tumblr is on track to do only $15M in revenue this year."
This is unbelievable. I can't believe they're running out of the $85M so soon after raising it, and have basically nothing to show for it. I'd be pretty outraged if I were an investor.
- mratzloff 13y agoThey have 175 employees, so it's not too surprising they blew through $85 million in 8 months.
- jacquesm 13y ago85000000/175=485714, that's actually quite surprising unless the averge flickr employee grosses more than 50 K per month. $85 million is a lot of cash.
- Alphasite_ 13y agoShouldn't that be /8? So around 6k per month.
- mratzloff 13y agoYou're off by one decimal place.
- inthewoods 13y agoI imagine their infrastructure is quite a bill. Supporting that kind of traffic must be expensive - if you figure $1.5m a month, that's like $18m a year right there.
- deleted 13y ago[deleted]
- josephagoss 13y agoHow can a company making 15 million in revenue alone be worth a billion? I wonder what the profits look like... I also wonder what those 175 employees are actually doing?
- michaelt 13y agoI've seen plenty of business news articles where 'estimated' numbers or numbers from anonymous sources 'familiar with the company' were out by an order of magnitude.