this post was submitted on 31 Mar 2024
1221 points (97.6% liked)
Technology
59600 readers
3348 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
In 2022, Discord had a revenue of $445 million. Maybe if they were a private company that would be enough.
https://www.businessofapps.com/data/discord-statistics/
I haven't given Discord a dime from the start because I knew this was going to happen.
The entire premise of Discord's free service was to gobble up the market from TeamSpeak, Ventrillo, and Mumble and capture the ecosystem using a ton of venture capital. In any sane world it would be an illegal mode of operation to provide "free service" based on venture capital like that.
TeamSpeak did manage to react but their reaction has been slow (I think they're a much smaller team and still a private company). Their new client is fairly feature complete but still not out of beta (AFAIK).
Mumble is an open source project and is still ticking as a result as well (though obviously it's received much less love since Discord stole the spotlight).
Glad you feel validated after… 7 years
If I'm not mistaken, they are a private company.
Granted, they're a private company with a goal of getting an IPO soon, though.
Revenue is not the same as income. Maintaining cross-platform apps and hosting nearly a decade of messages and media attachments is gonna eat into that. Also, Discord is in fact a private company.
Correct. I did not locate a source for their expenses or profit margin. If someone can provide, I would be happy to update.
Google says storage is cheap. This is solely for profit.
That's not how hosting a platform works. The storage might be cheap per GB, but the database management for something on Discord's scale is a complicated and expensive feat of engineering: https://discord.com/blog/how-discord-stores-trillions-of-messages