4 ms·
It's likely not a huge profit decision, and the path to profit is likely very indirect. They did it probably because - it increases its brand awareness/respect
by vortico 8y ago
It's likely not a huge profit decision, and the path to profit is likely very indirect. They did it probably because
- it increases its brand awareness/respect for technical customers, potential job candidates, and business partners
- it can teach finance and CS students about basic algorithms used in the industry. In some industries, it is healthier for a company's technical edge to not be so far ahead of competitors.
- the open-source """community""" (whatever that is) can find bugs and extend the software for the benefit of GS. I highly doubt this is a motive, but it's a possibility/daydream.