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It is for-profit, but they have yet to turn a profit. Their financial situation is a disaster. 10s of millions of £ burned, with very little income. Look for yo

It is for-profit, but they have yet to turn a profit. Their financial situation is a disaster. 10s of millions of £ burned, with very little income. Look for yourself: https://find-and-update.company-information.service.gov.uk/company/08430008/filing-history https://find-and-update.company-information.service.gov.uk/c... £31m loss in FY22. Cybergibbons has also done a very good critique on how unsafe it is. See here: https://cybergibbons.com/security-2/why-what3words-is-not-suitable-for-safety-critical-applications/ https://cybergibbons.com/security-2/why-what3words-is-not-su... They are also very litigious towards people that call them out.

czechdeveloper 3y ago
All the more reason to not use it as they may turn to some way of aggressive monetization to fix that.
- Nextgrid 3y ago
  > they may turn to some way of aggressive monetization to fix that That's the plan all along. The end-game is to become the ultimate rent-seeker on the whole concept of addresses, so that any device capable of looking up or resolving an address is obligated to pay rent to them.
lioeters 3y ago
> 10s of millions of £ burned Sounds like it's been a great "success" for the people who did the burning.