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Running Signal Will Soon Cost $50 Million a Year
(www.wired.com)
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this post was submitted on 16 Nov 2023
116 points (98.3% liked)
The Signal messenger and protocol.
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1 users here now
founded 4 years ago
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How does Signal make money? How is it so well funded?
One of the lesser known, possibly reformed(?), Facebook billionaires gave them a bunch of money several years ago, and they've been trying to bootstrap that into long term sustainability via donations from regular people.
Edit: See duplexsystem's comment below for a better summary.
Brian Acton, the creator of WhatsApp, co-founded Signal and loaned them a shit ton of money. "$105,000,400, due to be repaid on February 28, 2068. The loan is unsecured and carries nil interest." He's still Executive Chairman.
Good guy
i mean, it is a loan. still, cool of them to do. no fucking clue how theyll ever pay it off
Its unsecured with nil interest. I doubt they're expected to pay it off.
unsecured?
Thanks!๐
NSA