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Running Signal Will Soon Cost $50 Million a Year (www.wired.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[-] [email protected] 14 points 10 months ago* (last edited 10 months ago)

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.

[-] [email protected] 11 points 10 months ago* (last edited 10 months ago)

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.

[-] [email protected] 4 points 10 months ago

Good guy

[-] [email protected] 1 points 10 months ago

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

[-] [email protected] 2 points 10 months ago

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

[-] [email protected] 2 points 10 months ago

unsecured?

[-] [email protected] 2 points 10 months ago

Thanks!🙏

this post was submitted on 16 Nov 2023

116 points (98.3% liked)

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