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Hacker News is subsidized by perhaps the most successful venture capital firm of all time. Wikipedia routinely raises lots and lots of money via donation. Sign
by xibalba 8y ago
Hacker News is subsidized by perhaps the most successful venture capital firm of all time. Wikipedia routinely raises lots and lots of money via donation. Signal is funded by a multi-billionaire.
There is never a free lunch. Employees must be compensated, capital equipment must be bought/rented. The revenue has to come from somewhere.
Neither of Hacker News nor Wikipedia nor Signal was purchased to the tune of $19B. So who set that price? Let me assure you, Facebook would have gladly paid less. And, of course, Facebook bought WhatsApp with the intention of turning a profit. The rest follows logically.