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They're a non-profit, so their financials are publicly disclosed. ProPublica only has it as recently as 2018, but here was the financials then: https://project

They're a non-profit, so their financials are publicly disclosed. ProPublica only has it as recently as 2018, but here was the financials then: https://projects.propublica.org/nonprofits/display_990/824506840/12_2019_prefixes_82-86%2F824506840_201812_990_2019121216951146 https://projects.propublica.org/nonprofits/display_990/82450...

olah_1 6y ago
That’s helpful, thanks. So they’re 4mil in the hole? How is it possible that they’re still running?
- bilal4hmed 6y ago
  They have $100 mn in donation from Acton
  - nostromo 6y ago
    That wasn't a donation, it was a loan.
    - caturopath 6y ago
      (A zero-interest 50-year loan, not a bona fide "I want my money back" loan.)
    - taejo 6y ago
      A fifty-year, interest-free loan is functionally a donation, IMO
  - RedComet 6y ago
    You're not allowed to mention that, we have to pretend it's a charity.
  - olah_1 6y ago
    Weird that it isn't listed in the data in that document. I have no idea why anyone would donate $20 when they're sipping on $100m ...
    - bilal4hmed 6y ago
      $100 million given current growth wont last as long. Telegram 4 years had a run rate of $1 million per month for servers and dev costs. At that time they had about 200 million users. Signal is using AWS & GCP ( for cloud fronting ), they could be approaching that spend level.
      - olah_1 6y ago
        > $100 million given current growth wont last as long. That is 100% their problem, though. I trust that they will develop a sustainable business model when it becomes necessary. Otherwise, look at their tax info shared above. Sporadic donations won't even make a small dent. I mean, shoot, they won't even give us a hint at how much to donate to cover our own costs. That would be a start.
        bilal4hmed 6y ago
        WhatsApp used to charge $1/ yr at 200 million users, which kept them well funded. A $1 donated by just the Android users at 50 million + would be $50 million per year. TBF they havent had to think about this too much before the last 5 days, so give them some time to come up with a plan. In the mean throw them whatever you are comfortable with.
        deleted 6y ago
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- deleted 6y ago
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Aeolun 6y ago
I just get stuck in an infinite cloudflare loop :(

olah_1 6y ago

That’s helpful, thanks. So they’re 4mil in the hole? How is it possible that they’re still running?

bilal4hmed 6y ago
They have $100 mn in donation from Acton
- nostromo 6y ago
  That wasn't a donation, it was a loan.
  - caturopath 6y ago
    (A zero-interest 50-year loan, not a bona fide "I want my money back" loan.)
  - taejo 6y ago
    A fifty-year, interest-free loan is functionally a donation, IMO
- RedComet 6y ago
  You're not allowed to mention that, we have to pretend it's a charity.
- olah_1 6y ago
  Weird that it isn't listed in the data in that document. I have no idea why anyone would donate $20 when they're sipping on $100m ...
  - bilal4hmed 6y ago
    $100 million given current growth wont last as long. Telegram 4 years had a run rate of $1 million per month for servers and dev costs. At that time they had about 200 million users. Signal is using AWS & GCP ( for cloud fronting ), they could be approaching that spend level.
    - olah_1 6y ago
      > $100 million given current growth wont last as long. That is 100% their problem, though. I trust that they will develop a sustainable business model when it becomes necessary. Otherwise, look at their tax info shared above. Sporadic donations won't even make a small dent. I mean, shoot, they won't even give us a hint at how much to donate to cover our own costs. That would be a start.
      - bilal4hmed 6y ago
        WhatsApp used to charge $1/ yr at 200 million users, which kept them well funded. A $1 donated by just the Android users at 50 million + would be $50 million per year. TBF they havent had to think about this too much before the last 5 days, so give them some time to come up with a plan. In the mean throw them whatever you are comfortable with.
      - deleted 6y ago
        [deleted]
deleted 6y ago
[deleted]

Aeolun 6y ago

I just get stuck in an infinite cloudflare loop :(