this post was submitted on 28 Aug 2024
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I mean, how does a free app with no advertising in it make that kind of money?
A free app with no advertising doesn’t make that kind of money, it gets progressively deeper into debt to a good Silicon Valley rich guy who got it off the ground, Brian Acton.
His biography on the Signal Foundation website:
The Wikipedia article on the Foundation says the loan balance was up to $105M later in 2018. Meanwhile, Acton is still worth $2.5B according to Wikipedia, so things are probably fine for now, even 6 years later.
But you’re right that Signal eventually needs revenue to keep even a small team of high caliber software engineers and devsecops folks around. You very much want excellent engineers to continue to be involved with critical encrypted communications software on an ongoing basis, so it will cost money indefinitely. Presumably Acton does not wish to bankroll it indefinitely.
Again back to the interview:
I’m really glad they pay those engineers that much, so that Zuckerberg and his ilk can’t entice them away with oodles of money. One presumes they also believe in the cause, but I think this currently looks like Acton fighting surveillance capitalism with what capitalism got for him earlier in his career.
Cofounder Moxie Marlinspike is clearly a brilliant hacker and coder who was crucial to Signal’s creation, but I think it makes sense that he hasn’t stuck around to try to solve the long term business problem of keeping it aloft infinitely.
So what to do about it? The OP interview is with Meredith Whittaker, who’s entire job is figuring that out:
I’m a recurring donor because I want Signal to succeed and I want to vote now with my wallet, but fundamentally it’s on Whittaker to figure out how to make the long term work. Here’s what she says: