Signal’s president reveals the cost of running the privacy-preserving platform—not just to drum up donations, but to call out the for-profit surveillance business models it competes against.
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.
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.
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.
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.
Good guy
Thanks!🙏