It's Now Clear Tumblr Was Burning A Lot Of Cash, And It Would Have Run Out If ...

Business InsiderIt's Now Clear Tumblr Was Burning A Lot Of Cash, And It Would Have Run Out If ...Business InsiderTumblr's last fundraise was an $85 million round in September 2011.That means, regardless of the revenue it generated, Tumblr lost $68.4 million over the course of 20 months. That also means at some point, Tumblr was burning multiple millions per month ...