this post was submitted on 16 Nov 2023
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The Signal messenger and protocol.

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https://signal.org/

founded 4 years ago
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max@lemmy.ml
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Running Signal Will Soon Cost $50 Million a Year (www.wired.com)
submitted 1 year ago by celmit@lemmy.ca to c/signal@lemmy.ml
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[–] gribodyr@lemmy.ml 4 points 1 year ago (2 children)

How does Signal make money? How is it so well funded?

[–] clothes@lemmy.world 14 points 1 year ago* (last edited 1 year ago) (2 children)

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.

[–] duplexsystem@lemmy.blahaj.zone 11 points 1 year ago* (last edited 1 year ago) (2 children)

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.

[–] agame@lemm.ee 4 points 1 year ago

Good guy

[–] jackpot@lemmy.ml 1 points 1 year ago (1 children)

i mean, it is a loan. still, cool of them to do. no fucking clue how theyll ever pay it off

[–] duplexsystem@lemmy.blahaj.zone 2 points 1 year ago (1 children)

Its unsecured with nil interest. I doubt they're expected to pay it off.

[–] jackpot@lemmy.ml 2 points 1 year ago

unsecured?

[–] gribodyr@lemmy.ml 2 points 1 year ago

Thanks!🙏