Lemmy.World

165,589 readers
8,797 users here now

The World's Internet Frontpage Lemmy.World is a general-purpose Lemmy instance of various topics, for the entire world to use.

Be polite and follow the rules ⚖ https://legal.lemmy.world/tos

Get started

See the Getting Started Guide

Donations 💗

If you would like to make a donation to support the cost of running this platform, please do so at the following donation URLs.

If you can, please use / switch to Ko-Fi, it has the lowest fees for us

Ko-Fi (Donate)

Bunq (Donate)

Open Collective backers and sponsors

Patreon

Liberapay patrons

GitHub Sponsors

Join the team 😎

Check out our team page to join

Questions / Issues

More Lemmy.World

Follow us for server news 🐘

Mastodon Follow

Chat 🗨

Discord

Matrix

Alternative UIs

Monitoring / Stats 🌐

Service Status 🔥

https://status.lemmy.world

Mozilla HTTP Observatory Grade

Lemmy.World is part of the FediHosting Foundation

founded 1 year ago
ADMINS
1
 
 

On November 16th, Meredith Whittaker, President of Signal, published a detailed breakdown of the popular encrypted messaging app’s running costs for the very first time. The unprecedented disclosure’s motivation was simple - the platform is rapidly running out of money, and in dire need of donations to stay afloat. Unmentioned by Whittaker, this budget shortfall results in large part due to the US intelligence community, which lavishly financed Signal’s creation and maintenance over several years, severing its support for the app.

Never acknowledged in any serious way by the mainstream media, Signal’s origins as a US government asset are a matter of extensive public record, even if the scope and scale of the funding provided has until now been secret. The app, brainchild of shadowy tech guru ‘Moxie Marlinspike’ (real name Matthew Rosenfeld), was launched in 2013 by his now-defunct Open Whisper Systems (OWS). The company never published financial statements or disclosed the identities of its funders at any point during its operation.

Sums involved in developing, launching and running a messaging app used by countless people globally were nonetheless surely significant. The newly-published financial records indicate Signal’s operating costs for 2023 alone are $40 million, and projected to rise to $50 million by 2025. Rosenfeld boasted in 2018 that OWS “never [took] VC funding or sought investment” at any point, although mysteriously failed to mention millions were provided by Open Technology Fund (OTF).

OTF was launched in 2012 as a pilot program of Radio Free Asia (RFA), an asset of US Agency for Global Media (USAGM), which is funded by US Congress to the tune of over $1 billion annually. In August 2018, its then-CEO openly acknowledged the Agency’s “global priorities…reflect US national security and public diplomacy interests.”

[Article continues...]

Archive links:

2
3
 
 

There is a discussion on Hacker News, but feel free to comment here as well.

4
 
 

There is a discussion on Hacker News, but feel free to comment here as well.

view more: next ›