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Discord is likely burning a lot of money on servers & payroll. I would be surprised if they broke even in 2020 given their revenue numbers[0]. Why any VC would
by judge2020 5y ago
Discord is likely burning a lot of money on servers & payroll. I would be surprised if they broke even in 2020 given their revenue numbers[0]. Why any VC would back an open source, modifiable project like Matrix just to compete with Discord's existing stranglehold on the market is beyond me.
0: > Discord declined to share how many Nitro subscribers it has, but the Wall Street Journal reported that Discord generated $130 million in revenue last year, up from $45 million in 2019. In the same time period, its monthly user base doubled.
0: https://qz.com/2034087/chat-app-discord-is-shedding-its-gamer-roots/#:~:text=Discord%20declined%20to%20share%20how%20many%20Nitro%20subscribers%20it%20has%2C%20but%20the%20Wall%20Street%20Journal%20reported%20that%20Discord%20generated%20%24130%20million%20in%20revenue%20last%20year%2C%20up%20from%20%2445%20million%20in%202019.%20In%20the%20same%20time%20period%2C%20its%20monthly%20user%20base%20doubled https://qz.com/2034087/chat-app-discord-is-shedding-its-game...
- Dylan16807 5y agoWith somewhere in the thousand plus range of employees they'd have to be spending a hundred million on servers. I'd sure hope costs aren't that high. I'm pretty sure I could host every discord server I'm on for the price of a nitro subscription. Edit: I mean, imgur has an estimated revenue of twelve million. Staple a hundred IRC servers on the side and you have most of discord's functionality accounted for. Unless the voice calls are really tough, and they're actually a streaming company by majority of expenses, where would the costs come from?