Tumblr Cashed in $13 Million In 2012, Projecting $100 Million In 2013

Tumblr Cashed in $13 Million In 2012, Projecting $100 Million In 2013
Technology
Like Us On Facebook
Like Us On Facebook

Yet another social media site saw massive success in 2012. Tumblr managed to generate $13 million in revenue last year, and plans to bring in around $100 million this year.

David Karp, the founder and CEO of Tumblr explained that his company didn’t really have a model for revenue, but were more focused on improving the site and it’s traffic. Entrepreneurship takes patience.

Tumblr gets roughly 18 billion page views per month, and was recently named one of the top 10 most trafficked websites in the country. Karp has raised more than $125 million in funding so far, and has been using it to improve website operations.

Tumblr was valued at $800 million in September, which will only grow this year. David Karp is doing his thing, and Tumblr looks to be on a roll.

Wentworth Jones | Elite. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Contributing Writer

Elite Daily is a medium for people tired of disingenuous content; we have sought to create a space where stimulating, applicable content can reach a like-minded audience.

More In Technology

Technology Sean Levinson

California Now Has An Uber-Style App For Medical Marijuana (Video)

California medical marijuana users can now have their treatments delivered to their doors thanks to San Francisco-based startup Meadow. Founded by medical marijuana patient David Hua, users upload their ID and a letter from a doctor recommending the use of marijuana before browsing through a variety of quality strands available at several dispensaries. The shops are […]

Technology Emily Arata

A New App Translates Speech In Real Time To Let Deaf People ‘Hear’

Thanks to an innovative new app called Transcence, life just became more social for those who can’t hear. Transcence’s CEO, Thibault Duchemin, has a deaf sister and parents who want to lead normal lives. But, his sister found that during conversations between multiple people and in larger groups, her hearing aid garbled sound. She couldn’t tell […]

Also On Elite

Sports

Ohio State’s Marching Band Crushed It This Weekend (Video)

The Ohio State University marching band put on another amazing show this weekend during the football game against Rutgers. The theme for the band’s halftime show was “Classic Rock,” and they did not disappoint. The band played hits from iconic bands such as The Rolling Stones, The Who and The Edgar Winter Band. More impressive […]

World

India’s Mars Orbiter Successfully Reaches Mars On Its First Attempt

India’s Mars Orbiter Mission has successfully reached the Red Planet, the first spacecraft to do so for the nation. The robotic satellite known as Mangalyaan (Hindi for “Mars Craft”) entered Mars’ orbit after 10 months in space, according to NBC News. The feat was confirmed by mission controllers in Bangalore after Mangalyaan, or MOM, sent […]

Life

The School System Has Failed Us Because It Can’t Keep Up With Technology

In the last 10 years, we have experienced extreme innovations like the iPhone, Twitter, Facebook, Pinterest, LinkedIn, mobile apps and many types of cloud-based software. We have undoubtedly witnessed the fastest growth period in technology, and it has been incredible. But, as life continues to change, our school systems are failing to keep up. It’s […]

World

Woman Knocks Man Out In Single Punch After He Allegedly Asks For Sex (Video)

Women in Kazakhstan don’t take solicitation lightly. A viral video taken in the eastern city of Atyrau shows the moment 32-year-old Kondrat Golubev allegedly asked two women how much they charged for sex. He’d been trying to talk to them and wasn’t getting responses he wanted, so he threw in what they considered an insult […]