this post was submitted on 05 Nov 2024
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WTF. They had $1b banked a few days ago. This is a bit reactionary perhaps?
They're likely preparing for their funding from Google to be cut. Having a lot of money in the bank doesn't matter if your income is lower than expenses, since you'll run out of money eventually.
Expecting millions to be cut is still extreme when you have a fucking billion in the bank.
They get around $500 million per year from Google, so $1 billion is just two years worth of that. 86% of Mozilla's revenue comes from that Google deal.