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http://www.theverge.com/2012/11/5/3607456/tumblr-20-billion-...

According to that, Tumblr had 20 billion monthly pageviews around september 2012. That is about 250 billion pageviews a year.

http://www.quora.com/Amazon-Web-Services/Roughly-how-much-do...

Gives a very rough estimate of about 50k in server costs for 1 billion page views. That would be $12 million a year in server costs alone.

As of May, they had 178 employees. It is going to take a lot more than $2 million to pay those employees, then you have all the on costs, office space, advertising, etc, etc. I'd be very surprised if they weren't losing more than $15 million a year, and going on those quick calculations + knowing how much money they have raised, I think they're at a net loss of about $40 million a year, or more.

I said "its obvious" based on the rumours they are running out of money plus knowledge of when they last raised money. But doing a quick calculation as shown here throws up the same conclusion.




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