Automattic CEO calls Tumblr his ‘biggest failure’ so far

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Automattic CEO Matt Mullenweg acknowledged Tumblr as his biggest failure, citing the platform's unprofitability despite hosting over 500 million blogs. Plans to migrate Tumblr to WordPress infrastructure remain on hold due to high costs and the platform's inability to generate sufficient revenue. The company has attempted

4m read timeFrom techcrunch.com
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