Mixed reports are coming out. Apparently some of the disastrous elements did happen, but other "disasters" were entirely made up. I wasn't there, but reading stuff from people who were, it probably was an okay, but not great con that made a bunch of newbie mistakes, some of which were pretty serious. But it probably wasn't the worst con ever.
Sheesh, last time I ran a convention I just had to pony up many thousands of my own money to make the thing happen. Emphasis on the *last* time I run a convention. And we only had tens of people.
Convention planning is sort of a logistical nightmare, especially one targeting "internet enthusiasts". I'm not surprised. Sure, there are ones that work, and ones that are self-funded, but the majority would seem to be shittily run and moneylosers.
Seriously though, Tumblr can be a lot of fun if you can avoid the people who make it terrible.