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Would it be possible for you to expand on Signal not being dependent on donations?
by O__________O 4y ago
Would it be possible for you to expand on Signal not being dependent on donations?
- adamch 4y agoThey also received a very large amount of funding from some successful tech founders, Brian Acton and Pavel Durov
- O__________O 4y agoMy understanding was that the funds from Brian Acton were a loan to be repaid, though might be wrong. I was unable to quickly locate any information relate to Pavel Durov having any financial relationship with Signal.
- password4321 4y ago"we depend on donations from our community" + a $105 million 0% interest loan (until 2068)¹. ¹ https://en.wikipedia.org/wiki/Brian_Acton#Signal https://en.wikipedia.org/wiki/Brian_Acton#Signal
- O__________O 4y agoAre you suggesting Signal should not repay their debts or the best time to do that is not as soon as possible? If not, regardless of if there’s no interest, that loan should be repaid as soon as possible in my opinion. In my opinion, 990s are public, that loan was publicly acknowledged, and see no issue with a non-profit raising donations or repaying their debts. All that said, if it was up to me, Signal would have their 990s on their site, annual publicly shared audits, etc. - which to my knowledge they do not.
- password4321 4y ago> Are you suggesting Signal should not repay their debts or the best time to do that is not as soon as possible? Cutting through the tug-at-the-heartstrings sales pitch: Signal does not currently "depend on donations", nor will they for at least 45 more years. It is reasonable to expect the entire truth when asked for money, instead of getting Wikipedia'd.