Tumblr is losing $30M each year, CEO says

https://lemmy.world/post/1389820

Tumblr is losing $30M each year, CEO says - LemmyWorld

When you ban porn on your massively popular site for porn & drive off a massive segment of your userbase epic style
That was the old owners. The new owners have stated that they want to bring porn back but it’s not really feasible because payment processors are anti-porn.
Why “Go Nuts, Show Nuts” Doesn’t Work in 2022

For those who don’t know or remember, Tumblr used to have a policy around porn that was literally “Go nuts, show nuts. Whatever.” That was memorable and hilarious, and for many people, Tumblr both ho…

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God it’s ridiculous how much power we give to banks. If the content is not illegal it should not be up to the payment processors what content a web service can provide.
I think it’s because when it is illegal it’s ultra illegal and ultra terrible. Even then I question how much of it is already pretty sus.
This is a good segue into reminder americans that the “federal reserve” is not a federal bank. The name is an intentional lie. The federal reserve is a group of private banks who make financial policy to the USA while at the same time having NO OVERSIGHT. The federal government cannot audit the federal reserve’s transactions with foreign governments. It’s a big deal that is largely ignored. The american economy is dictated by PRIVATE banks who act in their own interest.