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Canonical Will Donate $120k to Open Source Projects This Year (www.omgubuntu.co.uk)

submitted 20 hours ago by [email protected] to c/opensource

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[–] starshipwinepineapple 7 points 14 hours ago* (last edited 13 hours ago) (1 children)

On one hand it is nice to see companies give back.

On the other hand, their revenue was $249 million in 2023 and their income after expenses/taxes was 8 million.

120,000 / 249,000,000 = 0.048% of revenue.
120,000 / 8,000,000 = 1.5% of their income.

It just seems like a small amount to give back for how much they are bringing in.

Source (group of company accounts dtd 25 June 2024)

[–] [email protected] 6 points 11 hours ago (1 children)

100k is very low considering their revenue but Canonical employs people that work on open source projects as well.

[–] [email protected] 3 points 10 hours ago (1 children)

Correct but they are one of the most visible open source production companies in the world. They should go ahead and steadily put 1% of their revenue as donations. It would do much good and work as an example. "If we as a small company can do this, everybody can." That said, they should not be for profit at all.

[–] [email protected] 1 points 6 hours ago

Yes, I should as well