Why projects like PinePhone matter – feedback and encouragement
#8
(09-13-2025, 01:43 PM)tantamount Wrote: You have to ask why Signal's revenue is so large for a free service.

Review their financials here, and tell me they look like a charity:
https://nonprofitlight.com/ca/mountain-v...foundation

"If the service is free, you are the product."

In addition, last I checked Signal was based on Electron, which is bloatware and has had critical vulnerabilities in the past.

but brian acton takes zero dollars and still works for foundation, how could he work for hunger wages ! [end of sarcasm].

https://projects.propublica.org/nonprofi...01826/full

Quote:FORM 990, PART VI, SECTION A, LINE 6:
THE ORGANIZATION HAS ONE SOLE MEMBER, BRIAN ACTON, WHO IS ALSO DIRECTOR, PRESIDENT, SECRETARY/TREASURER, AND CEO OF THE ORGANIZATION.

FORM 990, PART VI, SECTION A, LINE 7A:
THE ORGANIZATION'S SOLE MEMBER HAS THE EXCLUSIVE RIGHT TO ELECT ANY DIRECTOR.

FORM 990, PART VI, SECTION A, LINE 7B:
THE MEMBER OF THE CORPORATION HAS THE FOLLOWING RIGHTS, AS SET FORTH BY THE BYLAWS: (I) THE EXCLUSIVE RIGHT TO ELECT ANY DIRECTOR AND TO SET THE NUMBER OF AUTHORIZED DIRECTORS; (II) THE RIGHT TO REMOVE A DIRECTOR; (III) THE RIGHT TO VOTE ON ANY SALE, LEASE, TRANSFER, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OR PROPERTIES OF THIS CORPORATION; (IV) THE RIGHT TO VOTE ON ANY MERGER OF THIS CORPORATION, BUT ONLY TO THE EXTENT REQUIRED BY THE DELAWARE GENERAL CORPORATION LAW; (V) THE RIGHT TO VOTE ON THE DISSOLUTION OF THIS CORPORATION; (VI) THE RIGHT TO VOTE ON THE AMENDMENT OR REPEAL OF THE BYLAWS; (VII) THE RIGHT TO VOTE ON ANY AMENDMENT TO THE CERTIFICATE OF INCORPORATION; AND (VIII) THE RIGHT TO VOTE ON ANY OTHER MATTERS THAT MAY PROPERLY BE PRESENTED TO THE MEMBERS FOR A VOTE, PURSUANT TO THIS CORPORATION'S CERTIFICATE OF INCORPORATION, BYLAWS, OR ACTION OF THE BOARD OF DIRECTORS, OR BY OPERATION OF LAW.

basically it says that brian acton is a dictator in signal foundation.

https://www.forbes.com/profile/brian-acton/

brian acton has 3.6 billion dollar net worth. he is a billionaire, i like to call him as minibillionaire, because other dudes like elon musk, mark zuckerberg and larry elison have more 100 billion dollars.

however, brian acton left whatsapp, because of disagreements with facebook, now meta inc. then he founded signal foundation.

i stilll recommend signal messeger over whatsapp and telegram.
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Messages In This Thread
RE: Why projects like PinePhone matter – feedback and encouragement - by zetabeta - 09-14-2025, 12:53 AM

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