emily: fred wilson, one of your investors, recently talked about your company, saying, at some point,y need to turn into a real business. they need to focus on monetization and profits. he said, tumblr had to be sold. even though they had potential, tumblr's annual burn rate was almost 50% of the entire fund. three exclamation points. how do you respond to that? david: we were making money. it is true we had a real burn rate. we would have been able to -- the options in front of us were raise what you would call a growth round, get somebody to cut you a big check. or go and find an acquirer to take on that burn rate until you cross over to profitability. emily: what about user growth? give me some numbers in terms of where tumblr is today. how many blogs, how many countries? david: at the time of the acquisition, we were about 100 million blogs. we crossed over 200 million blogs this summer. we reach an audience now up almost 450 million people all over the world. emily: come score said you had 47.3 million monthly unique users in august. in may, it was 39 million. it looks like it ha