News for hackers. Stuff that matters.
Re:Signal is having technical difficulties by too_pricey on Friday January 15, 2021 @01:44PM (#25794510)
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_990/82450...
Re:Signal is having technical difficulties by olah_1 on Friday January 15, 2021 @01:46PM (#25794537)
That’s helpful, thanks.

So they’re 4mil in the hole? How is it possible that they’re still running?

Re:Signal is having technical difficulties by bilal4hmed on Friday January 15, 2021 @01:50PM (#25794590)
They have $100 mn in donation from Acton
Re:Signal is having technical difficulties by nostromo on Friday January 15, 2021 @02:01PM (#25794757)
That wasn't a donation, it was a loan.
Re:Signal is having technical difficulties by caturopath on Friday January 15, 2021 @02:12PM (#25794920)
(A zero-interest 50-year loan, not a bona fide "I want my money back" loan.)
Re:Signal is having technical difficulties by taejo on Friday January 15, 2021 @02:18PM (#25795005)
A fifty-year, interest-free loan is functionally a donation, IMO
Re:Signal is having technical difficulties by RedComet on Friday January 15, 2021 @02:05PM (#25794818)
You're not allowed to mention that, we have to pretend it's a charity.
Re:Signal is having technical difficulties by olah_1 on Friday January 15, 2021 @02:12PM (#25794921)
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 ...

Re:Signal is having technical difficulties by bilal4hmed on Friday January 15, 2021 @02:21PM (#25795047)
$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.

Re:Signal is having technical difficulties by olah_1 on Friday January 15, 2021 @03:19PM (#25795818)
> $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.

Re:Signal is having technical difficulties by bilal4hmed on Friday January 15, 2021 @03:35PM (#25796032)
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.

Re:Signal is having technical difficulties by Aeolun on Friday January 15, 2021 @08:14PM (#25798908)
I just get stuck in an infinite cloudflare loop :(