No, I don't think when folks suggest this kind of actions, or pause subscriptions, or anything that would hurt Tumblr financially, are really understanding the dynamics in place right now.
I'll say it again: The rational business decision for Automattic has been to close tumblr and cut loses since two years ago. The odd thing is that they haven't done it yet: I can only speculate why (as I said in the other post, my theory is Matt's ego), but hurting tumblr financially only can lead in one direction: Sayonara you weeaboo shits.
This is easier to conceive if you think on a small business: Let's say, a pizza place: Matteo Mullenwini have had this pizza joint for years and it's a pretty successful place, it makes him 30k every month after paying employees and running costs, so he has 300k in the bank. There is a hot dog place in the same street that is about to close, so he reach a deal with the owner to rent it for 1 dollar a month if Matteo promises to keep the same staff and not fire anyone for at least three years. The hot dog place was about to close because it has been losing money for years, so It turns out that once you discount employee's salaries from the money the hot dog joint does regularly, Matteo ends having to pay 10k out of his own money every month to keep it open.
Three years passes and the hotdog joint keeps losing Matteo 10k per month. At that point, he has spent $360k out of his pocket just to keep this place open for the time.
He now has to choose to keep investing his own money to keep it open, hoping for it to become successful and start making money at some point in the future, or he could be pragmatic, close it for good and stop wasting the money his very successful pizza place is giving him every month in a project that's not clear that will ever make be profitable. And on top of that, Matteo doesn't even like hotdogs and would love all the customers of his hotdog restaurant to actually become customers of his (in his view) much nicer pizza place.
Do you think that if the hot dog place regular customers start review-bombing the restaurant on the internet, it would help to keep it open? Do you think them boycotting the place for a week or whatever would convince Matteo to not "de-invest" and close it forever?
So basically, are we, tumblr users, in a horribly crappy situation without a lot of agenda in our hands? Oh hell yes. We are, indeed.