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What Will Mozilla Do With All Its Money?

         

engine

2:33 pm on Nov 12, 2007 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



...Firefox, which has prospered under the nonprofit Mozilla Foundation, has grown to be the largest rival to Microsoft’s Internet Explorer, with 15 to 20 percent of the browser market worldwide and higher percentages in Europe and among technology devotees. It is the most popular alternative browser since Netscape, with about three times as many users as Apple’s Safari.

...According to Mozilla’s 2006 financial records, which were recently released, the foundation had $74 million in assets, the bulk invested in mutual funds and the like, and last year it collected $66 million in revenue. Eighty-five percent of that revenue came from a single source — Google, which has a royalty contract with Firefox.

What Will Mozilla Do With All Its Money? [nytimes.com]

Xapti

4:27 pm on Nov 13, 2007 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



74 Million$ in assets... that seems like tons of money for just contingency in case Google acts up on them and they need to go solo for a while...

While their revenue was 66M $ last year, what's their net gains and and gross losses every year?

I'm a little naive on this subject, but it seems that that is so much money for a NON-PROFIT, SOFTWARE (which happens to be open source) organization. Perhaps there should be some paid developpers, such as for the most used extentions, and most valueable contributers; or are they even allowed to do that as non-profit?

This would probably cost a fair bit, but a more agressive (they already have quite a bit though) action plan on spreading firefox could also be implemented.

[edited by: Xapti at 4:38 pm (utc) on Nov. 13, 2007]