this post was submitted on 05 Nov 2024
675 points (98.6% liked)
Technology
59415 readers
3102 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
WTF. They had $1b banked a few days ago. This is a bit reactionary perhaps?
They're likely preparing for their funding from Google to be cut. Having a lot of money in the bank doesn't matter if your income is lower than expenses, since you'll run out of money eventually.
Expecting millions to be cut is still extreme when you have a fucking billion in the bank.
They get around $500 million per year from Google, so $1 billion is just two years worth of that. 86% of Mozilla's revenue comes from that Google deal.