Peter Kafka

Recent Posts by Peter Kafka

Tumblr Cuts Editorial Team

Tumblr is disbanding Storyboard, its four-person editorial team, and all four employees will be “moving on,” CEO David Karp said in a post. Late last year, Tumblr told Forbes that it was hoping to generate $100 million in revenue in 2013; last month, it also told Bloomberg that it would be profitable this year. Update: Tumblr PR tells BetaBeat that three employees will be let go.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work