this post was submitted on 12 Jul 2023
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What I want to know about these "unprofitable" tech companies is where all the money is going? Wikipedia, which is run entirely on donations, has an operating budget of ~$150 million. Reddit, Twitter, etc... make many times this amount and even with the greater number of employees and salaries it still sounds like some creative Hollywood accounting that they're unprofitable. It feels like a big chunk of money is just going to investors/C-classes so they can just say they're not actually making any money while the big players get their payday.
Wikipedia Foundation actually spends more money giving grants to other projects/orgs than they spend on hosting costs, and that’s still like 20% of their budget!! It’s so crazy